Re: [ANN] Auric: The First Gold Redeemable Cryptocurrency *Guaranteed Value*

I was taught that if someone is guaranteeing you what kind of profit or interest means that somewhere lies the deception. I hope I'm wrong but this project is very real. You should not have written in the title such large investors do not buy it.

Thank you for your wise comment - when we describe it as 'guaranteed value' we were actually referring to the gold value of each coin, which is indeed fixed and guaranteed at 0.001oz per coin. We have no wish for people to be misled by the meaning of that word however, and we can understand your point. We will amend the header rather than risk people being confused by the meaning of it.

Thanks for your time in bringing it to our attention.

Kindest Regards

Auric Communications

Thank you so this correction is very important. From the point of view of investors and regulators, profits can not be guaranteed. You can bind to the value of the asset as you do and it's ok but it's very important that everyone understands it. And then with a quick look all at once think that this is a pyramid.

Yes we understand the principle there and we would also strongly advise all potential investors to read our white paper as it goes into a lot of detail on the structure of Auric.

We would just clarify that Auric is not actually 'pegged' to gold. It has a a freely floating and market determined price as with any other cryptocurrency. It is just that Auric has that additional value in terms of gold weight as a hedge or protection against potential declines in its market price.

Kindest Regards

Auric Communications