AurusGOLD (AWG) is a gold-backed token that is minted and distributed by precious metals dealers using a blockchain-based solution powered by Aurus. Each token represents full ownership and can be redeemed for 1 gram of 99.99% gold, sourced from LBMA-accredited refineries. The underlying gold is stored in fully insured and audited vaulting facilities around the world.

AurusGOLD (AWG) and the protocol behind the token was created by a UK fintech company called Aurus Technologies Ltd. The firm has developed a blockchain solution that allows established gold refineries and brokers to independently mint their own gold-backed tokens, known as AurusGOLD.

AurusGOLD (AWG) repositions gold as a highly liquid and transferable digital asset. It has the advantages of physically allocated gold, but does not have the drawbacks of limited transportability or high storage costs usually associated with it. Instead, it has the divisibility, fungibility and tradability of any digital asset like bitcoin.

AurusGOLD is highly:

• Divisible: One gram is divisible up to 18 decimal places, enabling you to trade cents worth of gold.
• Transferable: Send gold to friends and relatives across the world, instantly.
• Affordable: Buy grams of gold near spot price with minimal fees.
• Storable: Carry any amount of gold safely in your pocket by using a digital wallet.
• Accessible: Buy and sell gold 24/7 from the comfort of your home.

As the most liquid form of gold, AurusGOLD can be used as the easiest way to accumulate and preserve wealth, as a hedge against volatile markets, and ultimately, as a reliable alternative to unstable Fiat currencies.

Arbitrage ensures that the price of AurusGOLD (AWG) remains near the price of gold bullion. Refineries and gold brokers can profit from the price discrepancies between the physical and digital gold markets, keeping AurusGOLD in line with the gold spot price: stable.

For example, whenever the price of AurusGOLD is sufficiently above the gold spot price, provider partners are incentivized to provide more gold to the platform, therefore increasing the AurusGOLD supply to close the price gap. Vice versa –if the price of AurusGOLD falls below the gold spot price, gold brokers are incentivized to withdraw their gold from the platform to reach the equilibrium.

The blockchain platform developed by Aurus Technologies Ltd. ensures that AurusGOLD (AWG) tokens are fully backed by gold throughout their entire lifecycle. Firstly, AurusGOLD tokens can only be issued once provenance and proof of ownership have been validated by the custodian and an external auditor.

Each AurusGOLD token is backed by 1 gram of 99.99% LBMA-accredited gold and is traceable to a single bullion and its unique registration number. Vaults are audited regularly by an accredited auditor to ensure that the underlying gold reserves are consistent with the AurusGOLD token supply. To review the custody reports of the gold reserves, click here.

There are modest transaction and storage fees associated with the usage of AurusGOLD:

• Transaction fees: 0.15% per transaction to the initiator of each transaction.
  *Transactions also require a small amount of Ethereum (ETH) gas upon token transfers.
• Storage fees: 0.40% per annum to KYC’d wallets (2% to non-KYC’d wallets).

AurusGOLD tokens can be stored safely in the following cryptocurrency wallets:

• Web/Mobile wallets: MetaMask (see tutorial here), MyEtherWallet (See tutorial here) and in the Aurus Mobile App (download here);
• Hardware wallets: AurusGOLD Card, Aurus VAULT Card (coming soon) and Ledger (visit site here);
• Exchange wallets: CEX.IO, WhiteBIT, and Uniswap. We recommend not storing significant amounts in exchange wallets.

*WARNING - Tokens sent to unsupported wallets will be lost and cannot be recovered.*

In the case you need to add AurusGOLD to your wallet as a customized token please use the following smart contract address:

AurusGOLD Smart Contract Address: 0x696acc2de564b48682d71d0847b3632f87c9a402

A cryptocurrency wallet is a physical or virtual medium used for storing, sending, and receiving digital currencies. Every wallet contains three essential components:

• Public Keys/Address: Public keys or public addresses are like cryptocurrency-specific account numbers, they are used for receiving a specific type of cryptocurrency and can be shared publicly.
• Private Keys: A private key is a secret code associated with a public address. When you own cryptocurrencies, what you really own is a “private key.” Your private key unlocks the right for its owner to spend the associated cryptocurrencies. Never upload/copy/paste your private key unless you are 100% sure it is safe to do so.
• Seed Phrase: A seed phrase, seed recovery phrase or backup seed phrase is a list of words that store all the information needed to recover cryptocurrency funds. If your device gets broken or your wallet is damaged, you will be able to upload the same wallet and use the seed phrase to get your cryptocurrency funds back.

Basically, a wallet is like your online bank account platform, your public address is like your account number, the private key is like your PIN or password, and the blockchain is like the bank’s ledger.

MetaMask is a digital wallet that allows you to store Ether and other ERC-20 tokens, such as AurusGOLD. You can download MetaMask as an extension/plugin for your web browser (Chrome, Firefox, Edge and Brave) and/or as a mobile app (iOS and Android). With MetaMask you will be able to store and manage the AurusGOLD tokens, but you will also have the possibility to receive, send and buy other cryptocurrencies.

1. Install MetaMask

Install MetaMask extension for your browser by visiting https://metamask.io/download.html

Follow the instructions provided by MetaMask carefully.

2. Configure MetaMask

Once MetaMask is installed, create a new wallet or import your wallet.

3. Add Token

On your MetaMask account page, scroll down to find the “Add Token” button and click on it.

4. Add the Aurus tokens

On the Add Tokens page, click on the “Custom Token” tab to expand the search window.

To add AurusGOLD, AurusSILVER and/or AurusPLATINUM as a custom token you need to enter the following parameters for each token:

Parameters for AurusGOLD (AWG)

Token Contract Address: 0x696acc2de564b48682d71d0847b3632f87c9a402

Token Symbol: AWG

Decimals: 18

Parameters for AurusSILVER (AWS)

Token Contract Address: 0xb89903dde3899f0280b99913168ee833a7896b93

Token Symbol: AWS

Decimals: 18

Parameters for AurusPLATINUM (AWP)

Token Contract Address: 0xa96d47c621a8316d4f9539e3b38180c7067e84ca

Token Symbol: AWP

Decimals: 18

After entering the parameter for the token, click “Next” to proceed.

5. View Token Balance

You can now review your balance and manage your Aurus tokens freely.

From here you can start sending AurusGOLD, AurusSILVER and AUrusPLATINUM to other users or to exchange wallets.

The Aurus VAULT Card is a highly secure hardware wallet that allows you to safely store, accumulate and transfer any of the Aurus tokens (AurusGOLD, AurusSILVER, AurusPLATINUM and AurusDeFi). It is basically your own personal vault. With the Aurus mobile app installed on an NFC-enabled smartphone, you can interact with the card for verifying your balance, receiving, and transferring digital precious metals as you do with money.

Once the Aurus VAULT Card is scanned and verified, the mobile app will display the exact public address linked to the Card. You can use any other cryptocurrency wallet app to transfer funds to the Card from a source wallet. You can also transfer funds from another Aurus VAULT Card using the Aurus app.

NOTE: This process also applies for the AurusGOLD Card (previous version of the card).

To extract funds from the Aurus VAULT Card, you will need the Card, along with the Aurus mobile app on an NFC-enabled device.

Scan and verify the Card through the Aurus app, then tap the ‘Extract’ button and prepare the outgoing transaction:

• Define the target wallet address
• Set the amount of funds to transfer
• Accept the transfer fee

You will be asked to tap and hold the Card while it signs the transaction. In the end, the signed transaction will be broadcasted to the blockchain.

Please make sure to validate the compatibility of the Card with your smartphone:

• Android: Use Android 5.1+ smartphones with NFC and tag reading support.
• IOS: Use iPhone models (from iPhone 7 & up) with iOS 13 or iOS 14.

NOTE: This process also applies for the AurusGOLD Card (previous version of the card).

The best way to keep your tokens safe is to store them in a hardware wallet such as the Aurus VAULT Card or a Ledger. These hardware wallets will hold your private keys isolated from the internet and invulnerable to most common attacks.

Advantages of using the Aurus VAULT Card are:

• Protection against common attack methods such as computer viruses, malware, phishing attacks and keyloggers, to which crypto exchanges and online wallets are vulnerable.
• Maintain 100% ownership of your private keys. You own the tokens not a third-party service (e.g., custodians, exchanges).
• Private keys are stored with solid encryption within the chip of the Card.
• You can send and receive coins through a secure user interface (UI) in the Aurus app.
• You can generate a back-up of your card within the Aurus app (soon).

Remember to never reveal or disclose the private keys to anyone unless you are 100% sure it is safe to do so.

If you lose your Aurus VAULT Card, you will still be able to retrieve your Aurus tokens. The only way to restore your assets is by generating a backup of your private keys, which you should do when downloading and configuring the new version of the Aurus mobile app (make sure to follow the instructions given in the app carefully).

NOTE: If you lose the AurusGOLD Card, you will lose the tokens. As with traditional banknotes, an AurusGOLD Card always has to be kept physically secure at all times.

To send or receive AurusGOLD (AWG), first you need a cryptocurrency wallet. The process of sending and receiving AurusGOLD can differ slightly between wallets, but in general it works as follows:

Receiving AurusGOLD:

1. Log into your wallet and select “receive” (or equivalent).

2. Copy your public wallet address: (0x..) or QR code (if in person).

3. Share your public wallet address with the sender.

Sending AurusGOLD:

1. Log into your wallet and select “send” (or equivalent).

2. Enter the public wallet address of the recipient and choose the amount to send.

3. TIP: copy & paste the address or use a QR code to avoid potential mistakes.

4. Double check to verify the numbers are correct and press ‘send’.

Important: You need a small amount of Ethereum (ETH) on your balance to send AurusGOLD tokens. We suggest having at least 0.01 ETH.

*WARNING - Tokens sent to unsupported wallets will be lost and cannot be recovered.*

If you are still uncertain, just look up the tutorial for the wallet you are using.

You can sell your AurusGOLD (AWG) tokens at any Aurus partnered cryptocurrency exchange (see partnered exchanges here).

Follow these steps to sell AurusGOLD:

1. Create an account and login to any supported exchange.

2. Transfer the desired quantity AurusGOLD tokens from your personal wallet to your exchange wallet.

3. Select the desired trading pair (crypto/fiat) that you wish to exchange AurusGOLD for. Put in your order adjusted to the desired quantity and price you want to sell AurusGOLD at.

4. Place the “Sell Order” and wait until it is fulfilled.

5. Upon completion, withdraw the amount to your cryptocurrency wallet (crypto) or bank account (fiat).

NOTE: Make sure to review trading pair compatibility before transferring tokens to an exchange.