So the official news from us here at Auric is that we have decided after a day of consideration to go with the 8 hour Flash ICO on Saturday 18th August 1600 UTC to 0000, as previously discussed. It's not a perfect solution, but it should help spread the ownership of Auric coins further and reduce the risk of an institutional lockout come the main ICO on September 1st.
There will be just 10% of the total Auric supply on offer (800,000 coins), at the same terms as the main ICO ie a BTC or ETH equivalent of 0.001oz of Gold per coin. This price will be rounded to the nearest 100 Aurics and will be displayed at a rate of Aurics/BTC and Aurics/ETH. The actual rate will depend on the price of the purchasing cryptocurrency and the daily spot price of gold, as per the formula in the whitepaper. Minimum purchase spend is either 0.02 BTC or 0.3 ETH, thereafter going up in multiples of 0.01 BTC and 0.1 ETH. Simply complete the form with the amount of currency you're looking to convert to Auric and we will provide you with a personalised invoice for your purchase.
All will become clear when you visit the Flash ICO link on the website, which we will turn on sometime nearer the end of the week. We will also link it to this thread for convenience.
We hope you all understand and appreciate the reasons we are doing this. It's purely to help the community - it is creating a lot of extra work for us, but we all feel it's the right thing to do to combat mass buys of our precious Auric coins and spread them further amongst the investors. More news later in the week.
Kindest Regards
Auric Communications