[ANN] [ICO] Auric: The New Gold Standard [ICO Sold Out. $9M Now In Reserves]

[bankgirlmjp]

Interesting concept -- Looking forward to Auric.

I had a doubt :: When you say that it is backed by Gold, what does it actually mean?
Will its price always be that of the price of Gold?

Firstly, thank you for your time and your query. We believe your question is fully answered in detail in our white paper, but briefly it means that each Auric issued has an intrinsic value of 0.001oz of gold. In other words, it has a tradeable value at that level. That would vary only as the gold price itself varied. The way that is structured is explained in the white paper under the sections 'Gold Backing - Functionality and Usage' and 'Auric Gold Store And The Auric Market'

It ensures that Auric launches with value behind it, it ensures it is protected against potential falls in the short and medium term, and additionally it gives another method of trading out of crypto should the holder so wish (please see 'Utilising The Auric ICO For Asset Class Switching' in the white paper for more on that)

We hope this addresses your query, and thank you for your early interest.




Kindest Regards

Auric Communications

ll
Thanks for such explanation, i am looking forward some basic, will you stock Gold against each token you sell. how the economics of token will really function?

I would read their white paper it has all the answers. but ico is finished anyway now so you would have to buy at exchanges!

[cryptodabbler2014]

$9M in gold reserves makes this an extremely serious currency. Perfect timing with the altpocalypse.

[JaredSp]

Hello,
Now that Bitcoin is in its final death throes, I'm all in your token! Given that it's backed by the SEC, time I can't lose unlike with Bitcoin, which as I mentioned is pretty much dead... again. SO, I m in.

[mawaraso]

The business as a whole is not bad, but I can't see the information about the developers lately, although they all have a business.

[den_penta]

So, sit and relax.
I have story for you all:

“Hello, little boy!” said the cat.
“Do you want a lot of money?” asked the fox.
 
“We can help you.
Put your money in this magic hole.
Come here tomorrow
and you will find a tree with gold leaves.”

Pinocchio believed the fox.
He put his money in the hole.

[Abiminin]

It'strue that in todays market it's very hard to have an original idea, it's just overpopulated. But you can have an original approach to the same idea. That can be the difference.

[auric_communications]

Full audit is now underway and will be emailed to all ICO investors with next week's info pack.

Launch should follow in the last week of September, look out for much more on this in your inboxes shortly.

And thank you all for the ongoing messages of support and appreciation - it's us who should be thanking you for supporting Auric to the tune of $9M+ in ICO funding (and therefore, gold backing)




Kindest Regards

Auric Communications

[Imleabmeine]

Good day,
And what fees will be paid by the merchant to use your platform as a payment processor for your web commerce? Will there be purchase protection in relation to the buyer, that's, buy and receive, because if do not receive,the protection for the refund?

[luksbit]

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?

[pobble4lobble]

So, sit and relax.
I have story for you all:

“Hello, little boy!” said the cat.
“Do you want a lot of money?” asked the fox.
 
“We can help you.
Put your money in this magic hole.
Come here tomorrow
and you will find a tree with gold leaves.”

Pinocchio believed the fox.
He put his money in the hole.

pobble think you late for auric ico so sorry you buy exchange for much more from the pobble!!!!!

[auric_communications]

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

[auric_communications]

Good day,
And what fees will be paid by the merchant to use your platform as a payment processor for your web commerce? Will there be purchase protection in relation to the buyer, that's, buy and receive, because if do not receive,the protection for the refund?

That is not the use case for Auric. Please read our white paper for full details.






Kindest Regards

Auric Communications

[bitcoin_hoarder]

lol at those who thought this was 'scam' or similar. $9M taken, all tokens sold, with auditing of their books to show where it all is. full product launching later in month on large exchanges at who knows what price. must suck to have missed it  

[Cell24investments]

IT won't be such good value once it launches and hits the exchanges that is true. People should have done their homework and bought in the ICO like myself and most on here but hey ho. There will still be value for them in early stages I'm sure.

[auric_communications]

Big update later today!

[auric_communications]

Thanks very much for all the ICO funds...we will try and launch Auric sometime before 2040. Have a great day. No more updates until then.



Auric Communications.

[wattson]

Selling 3 million tokens on the 2nd day is no small feat to achieve for an ICO that doesn't have a corporate ad machine supporting it, so I'm going to say that I admire the hell outta you all, I can't wait to see what the future brings

[den_penta]

sometime before 2040. …….. No more updates

 

[pobble4lobble]

when pobble4lobble get auric gold coin for to sell exchange?

[AmoreJaz]

you are by no means the first project backed by gold. your claim is not true at all.

lol at those who thought this was 'scam' or similar. $9M taken, all tokens sold, with auditing of their books to show where it all is. full product launching later in month on large exchanges at who knows what price. must suck to have missed it 

naive users bought this crap! no wonder crypto is going in a wayward manner...