Quote from: luksbit on September 12, 2018, 11:18:36 AM

So this support of physical gold, the currency contains a quantity of gold in which it can guarantee the continuity of the project and the investments made during the ICO?

Each issued coin has an intrinsic value of 0.001oz gold, which it can be redeemed for at any time via the Auric Market. This is in addition and separate from the market determined dollar valuation. It ensures that Auric has a genuine 'base' value rather than being built on nothing more than speculation or hype. And as the ICO price for the coins was determined by the price of 0.001oz gold, it means that ICO investors have additional security and protection.

As to the price once Auric launches, that is for the market to determine. Unfortunately, the ICO is now over so there are no coins available at that price point. All funds from that (circa $9.5M) are now in merchant depositories for the gold backing. Full audits are in the process of being prepared for additional transparency for investors.

We would refer you to our white paper for further information.

Kindest Regards

Auric Communications

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