This sounds fascinating and has potential. So the gold backing though - is that to kind of guarantee the price at a certain level like other ones I've seen in the past, or are you really offering a 'coin to gold' swap if coin holders want to?
Thank you for your valued comments. As to your query, yes the fact that coin holders can execute transfers via the Auric Market and receive genuine hallmarked gold at the rate of 0.001oz per coin (priced at this point during the ICO) in return is unique for Auric. We have full auditing of our accounts to ensure compliance and transparency in all regards.
Please read our white paper for more details if you haven't already done so, there is a lot of information on all aspects of Auric within it.
Kindest Regards
Auric CommunicationsYes I read through the white paper and it did explain it. If you can really pull off the coin to gold transfers then that's pretty awesome. As someone who works in the financial arena I liked the detail and the auditing is welcome. And as another poster put it, in this market the security of gold pricing is also welcome. I'm almost certainly going to buy some coins. Do you have a newsletter or updates that I can register for in the meantime?