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Using gold as the backing value of Auric can be a brilliant decision.
It's because gold has the most stable value of all kind of priceless item.
Doing it will ensure the value of Auric stay stable.
Thank you for your kind comments, it's exactly why we've given Auric gold backing. As well as stability it means the ICO purchase price is very likely the lowest Auric can be, except for any dramatic fall in the gold price which is very unlikely. Kindest Regards
Auric Communications |
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How can you be sure that your coin will be backed by gold is valid ? You will need to periodically conduct an audit to the coin had value . Who will conduct the audit ? or do we have to take our word for it ? Thanks.
Our auditing plans are addressed in the 'Auditing' section of our whitepaper, and below is a copy of the answer given earlier in this thread to a similar question, which we trust addresses your point: "Thank you for raising a very valid point. Auditing is being done by Deloitte, one of the leading companies in that particular field. Initial audit will take place immediately at the close of the ICO to confirm the money flows from incoming crypto, fiat conversion and subsequent gold purchases. It enables investors to track for themselves that all funds have been converted into gold, with no leakage. It will also show more generally the connected legal provisions governing the use and conversion of these assets. After that, we will be having interim compliance audits every six months in addition to full end-of-year accounts as normal. All of this information will be accessible to investors."Kindest Regards
Auric Communications |
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pobble want buy the auric now for the bitcoin? pobble email and have bitcoin now for the auric coin please
Sorry but the ICO is due for September 1st and we won't be selling Aurics before then.
Kindest Regards
Auric Communications |
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I personally would be ready to invest earlier also, but have no real issues in waiting as I'll be investing on the first day of the ICO anyway. Who knows, maybe I'll get more for my money by then too. Either way, Auric is a no-brainer at the moment. One of the best white papers I've read, and first use of a 'fan chart' that I've seen outside of the Bank Of England's inflation reports! You can sure tell they have economists and mathematicians on board haha  Our FD Patrick Chiu will be delighted by your recognition and approval of his fan chart in the white paper, we will pass that onto him when he comes to the office tomorrow! |
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With the market how it is, it makes sense for myself and my cell to invest in this for the upside and protection against downside. Is there any reason why you're waiting until 1st september if everything is ready to go sooner which it sounds like it is?
We always had the 1st September date in our schedule and although everything is in place to start the ICO, we prefer to have these extra couple of weeks for more testing and ensuring all goes smoothly. Additionally, it gives more potential investors longer to discover this opportunity; we would prefer Auric to have as wide a reach as possible with a diverse mix of investors. Either way we are confident we would reach our hard cap of 8 million Aurics fairly rapidly, but it's the right thing to do to make it as fair and equal as we can. Kindest Regards
Auric Communications |
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Firstly, thank you for the continued support and your emails, messages and especially Telegrams. We are now up to date with all the questions raised until the start of today. Most of them revolve around how the gold store functions, how Aurics are exchanged for gold, how the value of Aurics are calculated and that's great as these represent the key advantages and differentiators we have over regular cryptocurrencies.
Please continue to keep the questions coming, we're a little light staffed as it's the weekend but we always make sure to get back to you all asap. In ICO news, we had two more (potential) large investors contact us on Friday - one giving us advance notice of the likely size of their order to ensure we could process it speedily to which we replied that purchases are processed strictly in the order received regardless of size. The second sent in a list of due diligence questions via their legal department, with the purchase of a six figure quantity of Aurics riding on our answers. We are delighted if not a little overwhelmed by the scale of the interest and potential orders for Auric when we start the ICO three weeks today, and we promise to work tirelessly to ensure everything goes smoothly for the ICO, the launch and beyond.
Kindest Regards
Auric Communications
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Another gold backed coin. It's very difficult for anyone to validate whether all the gold that is promised is really where you say it is.
At Auric we understand that concern - it's why we will have full independent auditing showing complete money flows from the ICO onward, in terms of incoming funds, purchases and total amounts of gold, issuance of Auric coins and double entry ledgers confirming balances. There is more on that in the Auditing section in the white paper. Auric is also rather different as the currency is transferable for its assigned gold value (weight) at any time via the Auric Market. This provides concrete support at the ICO price level, security for investors, strong fundamentals, and a future dividend style payment when we reach the possible stage of the Gold Store dissolution (again, addressed at length in the white paper)Auric is a very different animal to most coins past and present! Kindest Regards
Auric CommunicationsWhich company will provide the auditing services and how often will those audits take place? There is still a lot of uncertainty for buyers whether everything is in order at any point in time. Thank you for raising a very valid point. Auditing is being done by Deloitte, one of the leading companies in that particular field. Initial audit will take place immediately at the close of the ICO to confirm the money flows from incoming crypto, fiat conversion and subsequent gold purchases. It enables investors to track for themselves that all funds have been converted into gold, with no leakage. It will also show more generally the connected legal provisions governing the use and conversion of these assets. After that, we will be having interim compliance audits every six months in addition to full end-of-year accounts as normal. All of this information will be accessible to investors. Kindest Regards
Auric Communications |
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Where will you store my gold after I buy your tokens?
Thank you for your query. Gold is purchased with ICO funds to accounts at three gold depositories in London, Zurich (where we are based) and Hong Kong. All of our market operations and account balances will be audited and viewable to ensure transparency for investors. Kindest Regards
Auric Communications |
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I was taught that if someone is guaranteeing you what kind of profit or interest means that somewhere lies the deception. I hope I'm wrong but this project is very real. You should not have written in the title such large investors do not buy it.
Thank you for your wise comment - when we describe it as 'guaranteed value' we were actually referring to the gold value of each coin, which is indeed fixed and guaranteed at 0.001oz per coin. We have no wish for people to be misled by the meaning of that word however, and we can understand your point. We will amend the header rather than risk people being confused by the meaning of it. Thanks for your time in bringing it to our attention. Kindest Regards
Auric CommunicationsYes your new headline is better. I understand what you meant by the guarantee but to some it would have sounded like a 'too good to be true' type of project with that word. My cell has approved the use of September and October funds to place into Auric so you will be getting our investment at the start of the ICO. Can you confirm that the Auric store that lets you convert to gold will start at same time as launch, and no six month delays to it or similar? The white paper implies it starts at same time but would like this clarified please. Thank you for your valued comments. We are happy to confirm that the Auric Market (our Auric to gold exchange service) commences operation when Auric launched in full, which in just two weeks after the conclusion of the ICO. No delays, the code has been extensively tested and we are still doing so alongside our ICO preparation. Kindest Regards
Auric Communications |
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Good morning. We plan to create a notification system over the next day or two where investors can register their email address with us and we will both notify them of any important developments but mainly we will give them advance reminders of the ICO a few days and a few hours before it starts so it doesn't get missed in busy lives. This was suggested to us by a soon to be Auric holder and we greatly appreciated their input.
In other news today, we have got a meeting with a fourth exchange to discuss listing Auric at or very close to launch. We have three exchanges so far, which will be able to name later in the month when the NDA's expire. We are also continuing to fine-tune the ICO purchase process to make it as smooth as possible. We continue to get emails asking about buying Auric early - we have even had offers of cash for Auric, and if we weren't so particular about ensuring that all of these processes are optimised we could quite easily start the ICO next week but we prefer to invest the extra time in this way. And it would not be either fair or practical to sell Auric's before then whether for a $200 investment or a $200,000 investment! But we appreciate your emails, thank you for your interest and will continue to work hard to deliver Auric on schedule on Saturday September 1st.
Kindest Regards
Auric Communications
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I was taught that if someone is guaranteeing you what kind of profit or interest means that somewhere lies the deception. I hope I'm wrong but this project is very real. You should not have written in the title such large investors do not buy it.
Thank you for your wise comment - when we describe it as 'guaranteed value' we were actually referring to the gold value of each coin, which is indeed fixed and guaranteed at 0.001oz per coin. We have no wish for people to be misled by the meaning of that word however, and we can understand your point. We will amend the header rather than risk people being confused by the meaning of it. Thanks for your time in bringing it to our attention. Kindest Regards
Auric Communications |
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please to sell to lobble now the auric for the bitcoin
Sorry, no early sales (we even had an institution offering to buy one million with a ten percent premium if we sold now! turned down ) ICO starts Saturday September 1st. Kindest Regards
Auric Communications |
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I'd be interested in knowing if there is any kind of limit on purchases in the ICO. You mention institutional investors we don't want them buying up all the auric between a few of them. I will buy on first day so I hope all ok for me but still hope its spread between more people than just a few big ones like that?
We do know that institutions are getting involved in the ICO which isn't surprising given the floor price is backed by gold at that level. Whether they are going to flip after the post-ICO price rise or hold we don't know but imagine they would want to hold for a while as there is no risk with our ICO so no need to cash out or part cash out quickly as with most of them. It is in fact a good thing as it shows the solidity of our plans and the prospects for Auric that we have such interest. Now to answer your question, there are up to 8 million Aurics available in the ICO - even with institutions buying, you should have no issues getting the amount you want as long as you don't leave it more than a few days. As you mention you intend buying on the first day we would stress don't worry. We aren't imposing limits of any kind partly because it would distort what is a free market process, but mainly because it can't realistically be done. If we limit one wallet address then it's extremely easy to obtain another one and send funds from that etc. Thank you for your question, and we look forward to welcoming you as an Auric investor in just over three weeks time!
Kindest Regards
Auric Communications |
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i have been looking for a cryptocurrency to buy into for a few months and been browsing on here since then. but im so excited seeing Auric that i have joined up and wanted to post to tell you that. i have lots of questions and will put them in an email later today but i am totally sold by what you are doing its so much potential and safety too and for new buyer like me that is important!
hope you launch on time and look forward to hearing back after i email you!!
Thank you for your interest and detailed email, and we hope our response meets your satisfaction. Please don't hesitate to contact us again if you require more detail on anything - we monitor this thread and our email accounts as well at Telegram. Kindest Regards
Auric Communications |
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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? Thank you for your early interest in Auric and we are glad you like our model. We won't be having a newsletter as such at this stage, as everything for the ICO is in place and for the next couple of weeks we are really just conducting extensive testing and QA to ensure it all runs smoothly, alongside increasing awareness and answering potential investors queries. However, we may introduce a mailing list for those who wish to be sent reminders before the ICO starts so thank you for that suggestion. Kindest Regards
Auric Communications |
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Good morning all, and thank you for the batch of emails we received yesterday - we will be adding some of the more common questions to our FAQs over the next few days.
The important thing is that it now looks like Auric is on course to sell to the 8M limit within a few days of the ICO starting. We can confirm that institutions are looking to buy large amounts, and along with the demand from individuals this should easily ensure we are able to complete the ICO quickly and efficiently.
Most cryptocurrencies struggle in these kinds of bear markets but Auric, with the built-in protection of the 0.001oz gold value and the option of transferring into that, makes that irrelevant and it seems the crypto world agrees! Thank you again for your support.
Kindest Regards
Auric Communications
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Thank you all for your kind and constructive comments and emails; we read them all and will reply to you as soon as possible if you have raised a query. We greatly appreciate your support and interest. Auric is a cryptocurrency for everyone, from individuals who want to try out a small investment, through to institutions who have informed us they are looking for greater exposure alongside a hedge with gold, which Auric is an ideal solution for. We guarantee to treat all applications to buy in the ICO equally.
Kindest Regards
Auric Communications
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OK so ive read the white paper and it put more flesh on the bones of this one. its all pretty solid stuff and the figures add up. there's a lot of upside and not much downside with this gold pegging at the base buy-in price. i run an investment cell and am tempted to suggest we put september/october funds into auric. like i said in last post they couldnt have picked a better time for an ico with some kind of lower limit protection!! never know when this market is going to take a tumble. suspect it will be quite appealing for those reasons
Thank you for your interest and kind comments. We do feel we have planned Auric to cover all contingencies; we are grateful you have also established that from our white paper. Kindest Regards
Auric Communications |
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Welcome To The Beginning Of Auric Auric represents innovation in the asset class of cryptocurrencies. Auric is the first cryptocurrency to have gold backing - an intrinsic value of 0.001oz gold per coin, with the ICO price per coin set to that level.Website: https://auric.ioWhite Paper HERE (pdf) Telegram: @auric_communications Email: auric_communications@auric.io (standard server) auric_communications@protonmail.com (encrypted server) Auric holders have the unique option of being able to exchange Auric coins for gold after launch via the Auric Market. This gives Auric true value from Day One, something no other cryptocurrency possesses, and ensures that ICO investors have minimal risk.[the following is from part of the Introduction/Key Facts section of our 20 page white paper. The full document goes into detail on everything you need to know about Auric and is an important read for potential investors]Gold backed and risk freeAuric brings 1:1 backing with the precious metal at the ICO price level, via a store of gold equivalent to the total amount of coins sold into circulation from the ICO multiplied by the gold price per coin at that time. Investors are free to hold/buy/sell on exchanges as with any cryptocurrency, or transfer their Auric coins into gold at any time via our innovative Auric Market structure. Separate from the expected price appreciation of the coins against fiat, this unique aspect of Auric gives a guaranteed value from Day One. Key FactsBelow are some of the important facts about Auric in a quick and easy to view format. Much more detail can be found throughout this white paper. Circulation: Estimated 5M-6M (dependent on ICO), Max 8M Gold Backed Price: 0.001oz per Auric, set daily during ICO Ledger: Quadra - a fast, fee-less, distributed ledger that operates in a similar way to the ‘TANGLE’ used by IOTA but with radically different underlying code Exchanges: Tradeable on at least three medium sized exchanges from launch, with more to follow post-launch, ticker AURI Auric Market: Operational from launch, allows Auric holders to exchange for gold at the coin value of 0.001oz per coin, in multiples of 100. Subject only to a small admin fee and insured worldwide shipping Team: World-class group of coders, economists, cryptographers and financiers with over one hundred years of combined experience in their sectors ICO: Begins 1st September 2018. Aurics can be purchased using bitcoin (BTC) or ether (ETH) subject to stated minimum levels. Launch to be no later than two weeks after ICO concludes Visit our website, download our detailed and comprehensive white paper, and discover the Auric revolution. All of our operations from the ICO onward will be fully third-party audited to ensure company compliance and transparency.
Auric Is Coming...your announcement has not too much information, other hand, your project don't have all social page like twitter or facebook, discord .etc. I think it is too poor information. Maybe you should to open more some information channel to update news from your project to investors Thank you for your considered comments, we always appreciate feedback. We are sorry you feel we haven't provided too much information - we would politely disagree. We have the key facts here, more information on our website and an extremely detailed and comprehensive white paper that represents the main source of detailed information about Auric. We do plan to issue any relevant news updates both on here and on our website - we feel this is much more appropriate than channels such as facebook or twitter. We encourage questions and feedback via this thread, private messages, email or Telegram. Indeed, we are receiving and answering large amounts of particularly email since we formally announced the project at the start of yesterday, including from two institutions seeking to place substantial investments when the ICO commences, and it is currently looking like Auric will reach its target faster than we originally anticipated, which is great news for everyone at the Foundation and potential investors. Again, we appreciate the time you took to reply on our thread and we have taken your comments on board - perhaps a weekly news update would be useful to our potential investors, although at this stage we are mainly undertaking final dry runs for the ICO and launch. Most of the hard development and structuring is already in place. We will, however, definitely issue regular updates once the ICO starts to ensure investors know the current state of the ICO. Kindest Regards
Auric Communications |
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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 Communications |
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