As previously mentioned, fiat currencies are constantly depreciating; while on the other hand, gold appreciates on the long-term. There’s a finite supply of gold and, therefore, it is impossible to emit more than a certain amount of gold-backed coins. Thus, Aureus Nummus aims to create a currency that is based on something of fixed supply.
Naturally, gold is already used as a store of value that appreciates in the long-term; gold-backed coins would not need active investment to sustain one’s wealth; the money itself will escape inflation on the long-term. This is the greatest benefit gold-backed money provides to the masses.
In countries around the world, the rich have access to investment support, while the ordinary people are left to vet investment choices by themselves. Intimidated by the risks of this challenge, vast majority of the people simply opt to hold cash in banks and constantly face a risk of depreciating net worth. While a huge number of blockchain projects are trying to bank the unbanked so that they may have access to financial support and advice aimed at limiting the losses of people during global inflation, Aureus Nummus is fighting on a different side.
Through Aureus Nummus, the unbanked would simply have easy access to a form of money that does not deflate and thus will require no financial advice to sustain their wealth. Given that penetration of internet and access to smart phones outnumbers bank usage in the world’s weakest societies, Aureus Nummus' vision can provide a valuable means to fighting loss of wealth due to devaluation and inflation.
Even in developed countries, many people do not possess the knowledge to make sound financial investments and only simply opt to place their wealth in savings accounts in centralised banks. There are tens of trillions of dollars in bank accounts catching dust-like returns that are far below inflation rates. Aureus Nummus' gold-backed money can offer an alternative reality to these people as-well.
Anchored on Ethereum
Aureus Nummus is a project by Aureus Nummus Gold, an established company in the gold market. Aureus Nummus is essentially creating ANG coin as a protocol to launch gold-backed crypto coin. The gold backing the emitted coin will be stored in legally-compliant vaults. As Aureus Nummus has a network of gold vaults across the world.
While ANG coin is being created by Aureus Nummus, the project is anchored on Ethereum blockchain. Beyond providing a decentralized infrastructure to this new era of gold-backed crypto coin, Ethereum allows Aureus Nummus to access payment flow at incredibly low costs.
Tokenization Works; Time to Extend its Utility
Tokenization is one of the two major utilities of blockchain technology that works. Word is, many regulations would soon be issued in a tokenized form to lower costs and increase access due to eased and trustless fractional ownership.
Aureus Nummus is utilizing tokenization to put blockchain technology to the utility of payment which it was designed for. It’s doing so by delivering a currency backed by gold; the most-trusted asset in the world.
The gold-backed digital coin (ANG) being issued by Aureus Nummus will allow people to preserve their wealth against devaluation — and innately pay with gold but in a form that has no weight, exists on a decentralized blockchain, has a minimal cost of transaction, and is easily divisible. This form of currency will ensure members of the world’s weakest societies and the masses do not face a depreciating net worth due to the forces of inflation.
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