AVAILABLE AMOUNT OF AUREUS NUMMUS GOLD: 60 trillion ANGs = 60,000,000,000,000 ANGs
Have I just read it correctly? That is a monstrous number of tokens and it's not even issued on its own chain, it's been created on Ethereum blockchain which makes it completely unbelievable. Why is there a different team issuing the token?
I have gone through the whole whitepaper and could not find anything about the most important aspect of any project that says their tokens is backed by physical gold which is how the team is going to provide the security for the gold bars and where those golds will be securely stored, how is the insurance going to cover all of those etc. If I were to buy some gold backed tokens I would surely want to have some legal paperwork from the project. What about that?
Also, don't get me wrong their website seems a scammy website based on my impression. And yes, as you are mentioning about being backed by gold, they don't mention where the gold is located, who will audit their gold possession, where they are legally registered to operate (I assume in Canada as their Technical Developer is located in Canada). The whitepaper has the notion of a potential scam as well. They forgot to include the important factor of how much gold they have to back up these 60 trillion ANGs?