Aureus Announces Launch of Bitcoin Backed Crypto-Token
Aureus is announcing the launch of its Aureus Crypto-Token, AUR, to the public. The Aureus Crypto- Token is the first of its kind, being backed by a Bitcoin reserve, while rewarding holders with dividends generated from stewarding the capital by experienced financiers. Aureus will issue the AUR tokens on a blockchain, similar to the Bitcoin blockchain.
A Unique Combination
Aureus combines the best features of cryptocurrencies – its ability to fuel global, cross-border financial transactions almost instantly, with the best economic opportunities the modern economic system provides. This way, the holders of Aureus Crypto-Token (AUR) are rewarded not just via its use as a cryptocurrency (similar to Bitcoin), but also as an investment vehicle that grows in value and provides dividends to the holders.
The Aureus Crypto-Token will derive its value based on the Aureus Bitcoin Trust (ABT) that holds 15,000 Bitcoins from a previously failed community lending program of BitKingdom. This is a community of over 140,000 members, thus giving the Aureus Crypto-Token a huge network effect right at the beginning of the project. At this time, only this founding community owns the AUR tokens.
This money will be managed via Cryptocrest, which has a long history and proven experience in managing investor money in the regular economy. Therefore the goal of Cryptocrest is to increase the value of ABT, which helps increase the value of the Aureus Crypto Token. In addition, the ABT has been trusted into the safe hands of Selachii DAA (Digital Asset Authority), an independent third party custodian of digital assets. Selachii DAA will therefore act as the custodian, ensuring Cryptocrest manages ABT with utmost integrity and transparency.
According to Adimus Putra Mustafa, the Cryptocrest Principal,
“Being a former investment banker, prepaid MasterCard issuer and microcredit lender, I am accustomed to the mechanics of fiat money. Extracting the founding principle of fiat money, which I believe to be fractional gold reserves and fusing it with the value of a cryptocurrency is an exhilarating concept.
There is no argument that the present gold standard in Cryptocurrency is Bitcoin. Hence with the strength of thousands of existing users, a team of professionals, and backed by a reserve of 15,000 BTC placed in a reputable exchange (in the custody of the accomplished cryptocurrency legal minds in England), Aureus will be unleashed to the public soon. Income generated from sales and usage would be continuously used to increase the reserve.
Aureus will set new standards for the community and redefine the term “value” for the cryptocurrency market.”
Due to its unique value proposition, Aureus is expected to appeal to a wide global audience, which includes both cryptocurrency enthusiasts and people looking for a diversification of their global portfolios by gaining exposure to the fast-growing Asian economies. Aureus is able to leverage the growing investor interest in crypto-tokens and the expertise of Cryptocrest to provide a unique crypto- token to the market in the form of AUR.
Long-term investors will be able to gain the most out of their Aureus investments by pledging the AUR tokens and earning dividends. This works similar to a fixed deposit in the traditional economy. In addition, under the stewardship of Cryptocrest, the ABT is expected to increase in value, which in-turn would cause an increase in value of AUR. With successful investments via ABT by pooling resources together, the AUR token holders will see both a dividend and capital appreciation component of returns on their AUR holdings.
Ease of Use
Aureus wants to make it as easy as possible to hold the AUR tokens, even for non-technically savvy people. Therefore, Aureus will provide a simple online wallet which investors can use immediately to hold their AUR tokens, and also stake them to earn dividends.
In addition, to provide increased security, Aureus is partnering with BitLox to provide investors with a hardware wallet option. This is a highly secure solution for investors who hold large quantities of AUR to keep their investment safe, even if their computers are compromised.
Download the full version of Aureus Press Release.