Hello community, AU needs more exchanges and to be listed on CMC before we can move forward with our plan.

Aurum Coin Executive Summary:

Currency AURUM COIN AU- Distributed (existing) Bitcoin-based open source named Aurum Coin (symbol AU) with a maximum of 300,000 coins.

AURUM COIN INC- A technology venture that includes code development, wallets, banking system, trading site and more. The company will hold a controlled amount of AU coins once a quarter and a quantity of gold in safes. Income sources:

• The company will sell virtual currencies in the free market at a stated price linked to gold (start one ounce value of gold)

• The company will run a trading website for customers that includes KYC in a stated fee model (a kind of bank account)

• The company will convert cryptographic currencies to Fiat money in a stated fee model (either through the trading arena or through market makers in a profit sharing model)

• The company will convert Aurum coins to physical gold in a stated fee model (through market makers who hold our gold in their safes in a profit sharing model)

• The company will conduct banking activities in order to regulate the required regulation (not in the first phase). 50% of net profit will be used to purchase gold and additional collateral to increase company capital. 30% of the net profit will be used to purchase additional AU cryptographic currencies (thus ensuring a high value of cryptographic currencies). 20% of the net profit will be used to finance company expenses and profit sharing according to the discretion of the company executives. The Company’s customers own KYC’s accounts and use the various services offered by the Company. Initial investment required 10,000 AU crypto coins. 10,000 ounces of pure gold for backup. $ 5,000,000 for technological development of the various systems, including the trading arena and regulation – investment required for $ 20M venture (gold and cryptographers remain as company capital in exchange for shares) The company’s stated goal of reaching 150,000 Aurum coins and holding 150 tons of gold in the near future by securing a fully crypto-based eco-system with full backing of gold.

Every step is taken with the consent of the community and users
 
Target 1 (Year 2014):
1AU = 1 gram gold – Achieved
 
Target 2 (Year 2024):
1AU = 1 ounce gold ( 1oz gold )
Gold-backing using market makers, becoming a stable coin
 
Target 3 (Year 2034):
1AU > 1BTC
 
Target 4 (Year 2044):
1AU=1KG gold
Change gold-backing ratio