AurusX

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Description

Aurus.io is a platform offering a suite of asset-backed cryptocurrencies built on the Ethereum blockchain, including tSILVER (TXAG) and tGOLD (TXAU), which are backed by tangible precious metals. Launched in 2017, tSILVER is a silver-backed token, redeemable for 1 gram of 99.9% LBMA-accredited silver, with a current supply of 1,979,484.2, but none in circulation. It trades across 13 markets at around 0.656 USD with daily volume of $3.53, and 30% of transaction fees reward AurusX (AX) holders. Similarly, tGOLD, introduced in 2018, is backed by 1 gram of 99.99% LBMA-accredited gold, with a supply of 93,398.5. Priced at 69.28 USD, it trades on 14 markets with $80.32 in daily volume, directing 50% of transaction fees to AX holders. AurusX, the ecosystem's cryptocurrency, valued at 0.284 USD, circulates in 18 markets. This tokenization of precious metals provides unique digital investment opportunities and liquidity. More information is available at https://aurus.io/.

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FAQ

What is AurusX and what does it offer?

AurusX is part of the Aurus.io platform, offering a suite of asset-backed cryptocurrencies on the Ethereum blockchain. It includes tSILVER and tGOLD tokens which are backed by real precious metals like silver and gold. These tokens provide unique investment opportunities by allowing individuals to invest in precious metals in a digital form, offering liquidity and innovative use of blockchain technology in the finance sector.

How do tSILVER and tGOLD tokens work?

tSILVER and tGOLD are tokens on the Aurus.io platform, backed by real assets. tSILVER is backed by 1 gram of 99.9% LBMA-accredited silver, while tGOLD is supported by 1 gram of 99.99% LBMA-accredited gold. These assets are securely stored in insured and audited vaults. Both tokens trade across multiple markets, providing investors exposure to precious metals with the additional benefits of liquidity and transaction rewards distributed to AurusX holders.

What are the benefits of investing in AurusX tokens?

Investing in AurusX tokens grants holders various incentives, such as receiving a percentage of transaction fees from tSILVER and tGOLD trades. Specifically, 30% of tSILVER's and 50% of tGOLD's fee rewards are distributed to AurusX holders. This incentivizes holding AurusX as part of a diversified investment strategy, combining blockchain technology with the stability of precious metals. It offers a way to gain from transaction activities in a tokenized asset ecosystem.

How does AurusX compare to traditional investments in precious metals?

AurusX and its tokenized assets like tSILVER and tGOLD offer a modern alternative to traditional metal investments. Unlike physical holdings, these tokens offer enhanced liquidity, allowing for trade in digital markets. Blockchain technology ensures security and transparency, and holders benefit from transaction fee distributions. This model provides an advantageous blend of traditional value storage and modern digital finance, appealing for those looking to diversify their portfolios with both stability and innovation.

What are AurusX tokens' roles within the Ethereum ecosystem?

As part of the Ethereum ecosystem, AurusX tokens facilitate unique use cases for blockchain technology through tokenized assets. By operating on Ethereum, they leverage smart contracts' capabilities to offer secure and transparent transactions. This integration provides a framework for tokenizing real-world assets (RWAs), promoting increased security, accountability, and liquidity when investing in commodities like precious metals. AurusX removes barriers traditionally associated with physical market investments.

What should I do if I'm facing issues while trading AurusX-related tokens?

If you encounter issues while trading AurusX or its related tokens, ensure your digital wallet is correctly set up and supports ERC-20 tokens. Check compatibility with the specific platform used. Review transaction fee settings, verify connectivity, and confirm sufficient balance to cover transactions. If the issue persists, consult the official Aurus.io website or seek support from your trading platform's customer service. Being informed about exchange processes helps alleviate common trading challenges.

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