AUREUS NUMMUS: Now we have a Gold backed Cryptocurrency for payment and savings

mayowa-eu (60)in #gold • 4 years ago

The global banking sector despite its huge importance in the world economy is full of inadequacies, this is a fact that nobody can dispute as we all are aware that it’s almost impossible for you not to have issues with your banking institution at least once in a year.

This write up today focuses mainly on the inadequacies of the traditional banking sector and the latest solution that is targeted at annihilating these inadequacies.

Without wasting much of our time, I’ll like to quickly highlight the problems being faced by the traditional banking sector which includes;

High transaction fees most especially international funds transfer
Delayed transaction processing
Lack of bank accounts by more than 32% of the world population
Lack of trust between bank users and banks because users funds are being lent out without a 100% assurance that users can get their money whenever they want and
Inadequate security protocols which leads to several fun thefts from bank uses among several others.

Having known that banks and financial institutions fails us a lot when handling our funds and transaction, we have seen several blockchain platforms tackling this issue as well as we all know that the blockchain technology is the next technological revolution but unfortunately, these platforms also have their limitations because of the volatile nature of cryptocurrencies that are not being backed up by real world assets and this is the exact reason why people refuse to adopt this platforms for their several business operations, because of the fear of losing their fund value.

Hence, the advent of Aureus Nummus Gold platform which has decided to bring an end to these inadequacies.

Introducing Aureus Nummus Gold Platform

Aureus Nummus is a decentralized global payment and savings platform which is based on the blockchain technology and backed by real gold.

This platform has carefully studied the flaws of the traditional banking system, hence coming up with the innovative solution being delivered by its platform.

On this platform, transactions are cheap, easy and processed instantly without delays unlike conventional fiat transactions that have to pass through middlemen which delays transaction processing time. With the help of smart contracts, the platform has been able to get rid of trust issues seen in traditional banking, hence Aureus Nummus does not need banks to pay bills or remunerations.

What other Features are available on the Aureus Nummus Platform?

The platform provides enhanced stability as a result of its gold backing (unlike other cryptocurrencies)
There’s no need to get a bank account or credit line to own the Aureus Nummus cryptocurrency
There’s no censorship, fraud, downtime and third party interference
Unchangeable total supply which makes it free of inflation
Token’s minimum price pegged to gold bullion but with no maximum price
Tokens can be freely exchanged into other cryptocurrencies, fiat and precious metals

Token Details

The token symbol is ANG which is an ERC-20 based and non mineable token with a total supply of 60 trillion tokens (with no new tokens created or added) while 30trillion tokens shall be fixed in circulating supply. The token distributor is Simplex Ltd which is located in the United Kingdom while the token administrator is the Aureus Nummus Management Corporations. The ANG tokens are backed by physical gold at the ratio 1:1 which means that for every 100,000 ANG going into circulation, 1 ounce of gold bullion shall be put into a trust account regardless of the current market price.

As a holder of the ANG tokens, it directly means that you own the gold equivalent of the tokens, hence Simplex Ltd will help token holders exchange their tokens into real gold at their request, however there are few terms and conditions attached.

Interestingly, the Aureus Nummus platform has future plans of carrying out machine-to-machine transactions which will allow ecosystem built on the blockchain the opportunity of performing secure, feeless, lightweight and efficient micro transactions without delays, isn’t that awesome?

Several other future developmental plans are being put into consideration by the platform as well such as IoT integration and others in order to ensure the global adoption of the platform.

Conclusively, Aureus Nummus has proven beyond all doubt that it is the future of global payment and savings industry through its platform which is not only blockchain based but also backed with real gold. Considering the Modus operandi of the platform and its additional features, its of no doubt that the platform will succeed in positively transforming the global payment industry!