Aureus Nummus

A Global Payment & Savings Instrument Backed by Gold

Human fascination with gold continues through different epochs. Scientists have discovered the flakes of gold in Paleolithic caves about 40.000 B.C. It is thought that almost all of the gold on our planet came from meteorites which bombarded Earth over 200 million years after it appeared.
Ancient people were delighted by this precious metal. Gold has been mentioned many times in various historical texts. Gold was prized by Egyptian pharaohs and temple priests. Ancient Greeks counted gold as a mark of social status. This asset was valued with unique importance after adoption a gold standard in 1792.
Modern world gives us different possibilities of investing in this precious metal. One of the most progressive methods is the purchase of the cryptocurrency which is backed by gold. What advantages does this method have?

Advantages

The application of gold tokens is connected with such positive characteristics as low costs, high level of liquidity, security and confidentiality. And there are different ways of using such asset.
Great method to diversify portfolio
Tokens backed by gold can be considered as the medicine from market volatility.
Comfortable storage and safe transactions
People can use different possibilities when the tokens are listed on the exchanges. Tokens can be transferred to other users, traded or converted into fiat money, gold or gold equivalent.
Alternative to fiat-based stablecoins
This asset looks more perspective in comparison with EUR or USD-linked stablecoins thanks to the stability of long term gold price.
Gift
Tokens backed by gold don’t depend on the market fluctuations. It is a rare advantage for crypto assets. So, this asset can take on the role of an excellent digital gift to your family members and friends.

WHAT IS THE AUREUS NUMMUS?

The Aureus Nummus (symbol: ANG) is a digital currency and asset, which is backed by physical gold or gold equivalent and serves as a global payment and savings instrument. The gold backing provides the Aureus Nummus with significantly higher intrinsic value and stability than compared to other currencies and payment systems.
Our conversion rate for the Aureus Nummus always remains the same and is independent from any market price fluctuations on secondary markets: 100,000 ANG= 1 ounce of gold bullion. This goal is achieved by basing the Aureus Nummus 1:1 on directly allocated physical gold or gold equivalent. For each Aureus Nummus, that is sold to the public the equivalent amount of physical gold or gold equivalent is put into trust account.
The gold backing, the fixed exchange rate as well as software algorithms support and stabilize the price of the Aureus Nummus Gold.
The holders of Aureus Nummus collectively own the gold or gold equivalent, which is held in reserve in a trust account in order to back the value of the Aureus Nummus. The holders of Aureus Nummus can request that their Aureus Nummus coins be converted back into gold or gold equivalent, subject to our Terms and Conditions. 
The Aureus Nummus is designed to complement traditional fiat currencies and banking services by providing an independent tamper-proof payment and savings instrument with intrinsic value that resolves the trust problem, and many of the other issues and challenges associated today with fiat currencies and banking. The ability to track and to directly assign value to any imaginable object in the next development phase will take the Aureus Nummus to a new era of currencies.
The purpose of the Aureus Nummus also is to serve the unbanked population of this world by providing them much needed access to payment and savings solutions, and to provide alternatives to those wishing to complement their existing banking services and fiat currency holdings.
The value of one Aureus Nummus coin has been set on purpose at the US-Dollar cent level in order to assist consumers and enterprises with payment and settlement of small invoices and transactions.

NO BANK ACCOUNT REQUIRED

The Aureus Nummus does not require users to have a bank account or a line of credit such as a credit card in order to own any of the Aureus Nummus cryptocurrency — they simply have to convert money, other cryptocurrencies or precious metals into or out of the Aureus Nummus to use it.

AUREUS NUMMUS KEY FEATURES

  • Independent.
  • Decentralized.
  • Open source.
  • Fixed supply – forever unchangeable.
  • Inflation free.
  • Not mineable.
  • Based on blockchain.
  • Transactions are anonymous.
  • Backed by gold. The ANG’s minimum price is pegged to gold bullion, however the ANG has no maximum price.
  • The gold backing makes the Aureus Nummus value stable and greatly reduces any price volatility, while keeping its upward price potential.
  • The ANG is not created out of nothing like fiat and crypto currencies. The ANG’s revolutionary technological innovation combines the advantages of a standard legal tender fiat currency with those of cryptocurrencies, while at the same time providing real verifiable value through its backing by physical gold.
  • The Aureus Nummus has a fixed and limited supply that can never be changed again.
  • The Aureus Nummus is built for everyday enterprise, consumer and retail use, and is a fast, cost-efficient cryptocurrency for domestic and cross-border payments, settlements and savings.
  • Trust is no issue. Unlike traditional currencies you don’t need a trusted third party like a bank due to the Aureus Nummus’ transparent intrinsic value and decentralized organization. There is no single authority, who would be able to change or influence the value or the setup of the Aureus Nummus, as it is completely de-centralized, and functions based on community consensus of the Ethereum community. The Aureus Nummus runs completely autonomous based on its program without any possibility of downtime, censorship, fraud, and third-party interference.

THE NEED FOR CHANGE – ADVANTAGES OF AUREUS NUMMUS BASED BUSINESS TRANSACTIONS

Trust
One of the major challenges that has impeded advancement of the global marketplaces is how to manage deal contracts between two people who do not know each other. The Aureus Nummus resolves that problem by encrypting its smart contract and deal transaction information on a shared ledger. Therefore there is no way one party can say that they did not see it. Furthermore, the smart contract, which executes the business transaction, is executed through distributed nodes with not one single point of failure, therefore, making them completely tamper proof and completely immune against information loss.
Autonomy
The Aureus Nummus is completely autonomous. Its underlying smart contract has no need to rely on brokers, lawyers as well as other intermediaries in order to enter into a sale agreement. Furthermore, execution is managed in the network through a decentralized system and the incidences of error are virtually zero.
Security
​The security of the Aureus Nummus is based on the blockchain technology and thus 100% safe and secure, as everything is stored in a distributed network. Therefore, as explained earlier, there is not one single point of failure. Cryptography ensures that the documents are completely safe and incidences are virtually zero as the distributed ledger technology does not grant access to hackers. In order to succeed hackers would have to hack many 1000 computers simultaneously at the same time in different geographical locations – a task that is not possible to accomplish.
Speed
Smart contracts based on the Aureus Nummus are faster to implement than traditional contracts. The paperwork required in order to enter into a sale agreement in a traditional marketplace is not used in the blockchain based Aureus Nummus marketplace. Through the use of software, the Aureus Nummus smart contracts rely on secure software code in order to automate tasks and speedily execute business transactions in fully automated mode. The transaction is instantaneous, fully automated, fraud proof, tamper proof, loss proof and completely secure.
Fake Goods
The underlying smart contract, on which the Aureus Nummus is based, eliminates the sale of fake goods. Through the underlying decentralized cryptographic code, it is possible to track and verify products easily, which on a traditional centralized business platform is not possible. Furthermore, the execution of the smart contract is based on the agreement of parties. It is not possible to collude with various parties around the world to tamper with the Aureus Nummus based contracts.
No Chargeback Fraud
One of the main challenges for sellers in the traditional marketplaces is that a buyer can buy a product, pay via services such as PayPal and then call the company to reverse the payment afterward. There are many businesses that have been affected negatively by this method. The buyer can make claims that the product was never delivered or was delivered in the form of quality that they did not want. However, with Aureus Nummus based smart contracts, it is very difficult or next to impossible to alter the transactions after they have been agreed upon. Both buyer and seller will have an option of agreeing on the terms of the intended sale or transaction, but after execution the deal it cannot be reversed. This simple intrinsic feature of Aureus Nummus based contracts results in a much higher degree of confidence into transactions.
​Finally, it is evident that smart contracts are set to revolutionize the way business is conducted and marketplaces are managed – the underlying blockchain technology guarantees efficiency, low cost, more variety and more increased certainty of sale, and total certainty of business contract execution.

Aureus Nummus coin

The holders of these coins can convert them back into gold or gold equivalent at any moment. The conversion rate stays constant and doesn’t depend on market price fluctuations: 100,000 ANG are equal to 1 ounce of gold bullion.
The cost of 1 ounce of gold bullion is equal to approximately 1,500 U.S. Dollars. In according with this cost, 1 ANG coin is equal to approximately 0.015 U.S. Dollars.
Aureus Nummus coin is not mineable. The supply of ANG is fixed and limited. And the transactions connected with sending and getting ANG are anonymous.
Author: Bubur hijau

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