Article Summary, Automatically Generated By AI
Here is the summary in HTML format:
About tSILVER
Key Points
- tSILVER (tXAG) is a silver-backed stablecoin on the Ethereum blockchain.
- Each tSILVER token is 1:1 collateralized by 1 gram of 99.99% LBMA-accredited silver.
- 30% of transaction fees are distributed to AurusX (AX) holders.
- tSILVER offers portability, transferability, and liquidity without storage costs.
- tSILVER is created with sustainability in mind, using a decentralized approach to tokenization.
- Holders can earn a yield on their silver holdings by providing liquidity to decentralized exchanges (DEX)
About tSILVER: A Revolutionary Digital Asset
Introducing tSILVER (tXAG): A Comprehensive Overview
tSILVER (tXAG) is a silver-backed stablecoin on the Ethereum blockchain, minted by a prestigious network of traders from the traditional precious metals market. Each tSILVER token is fully collateralized on a 1:1 basis by, and redeemable for, 1 gram of 99.99% LBMA-accredited silver, securely stored in fully audited and insured vaults. Furthermore, 30% of the transaction fees generated by tSILVER are distributed to holders of AurusX (AX).
The Advantages of tSILVER: Unlocking a World of Opportunities
tSILVER is a highly portable, transferable, and liquid digital asset, boasting the benefits of physically allocated silver while circumventing the limitations of restricted transportability and exorbitant storage costs typically associated with it. Instead, it combines the desirable attributes of divisibility, fungibility, and tradability inherent in digital assets, akin to Bitcoin.
Unencumbered by recurring storage or management fees, tSILVER presents a convenient and cost-effective solution for investors of all sizes, offering a compelling alternative to traditional silver products. This innovative approach boasts real-time 24/7 trading, cryptographically secure instant settlements, and a reduced number of intermediaries, thereby streamlining the investment process.
What Sets tSILVER Apart?
tSILVER was conceived with sustainability at its core. The tokens are minted independently by a global network of reputable precious metals refineries, vaults, and traders that form part of the Aurus Ecosystem. Aurus’ decentralized tokenization approach ensures that the company remains detached from the silver traded or vaulted, thereby eliminating a single point of failure and safeguarding investors’ interests.
Aurus embodies the decentralized ethos of blockchain, pioneering a new frontier in DeFi. By providing liquidity to decentralized exchanges (DEX) trading pools, holders will soon be able to generate a yield on their silver (tSILVER) holdings, thereby transforming silver into a productive, yield-bearing asset for the first time.
Where to Acquire tSILVER: A Comprehensive Guide
tSILVER can be acquired from a diverse range of Aurus-affiliated exchanges and reputable precious metals dealers, offering a multitude of fiat and cryptocurrency trading pairs. Explore the Aurus Marketplace to discover more.
Aurus: A Pioneering Venture in Gold-Backed Cryptocurrencies
Aurus, the pioneering company behind tSILVER (tXAG), was established in 2018 with a vision to bridge the gap between traditional precious metals businesses and financial institutions, and the innovative realm of DeFi and Web3 applications. The Aurus platform serves as a catalyst, empowering a global network of precious metals providers, vaults, and dealers to independently tokenize physical gold, silver, and platinum bullions into tGOLD, tSILVER, and tPLATINUM, respectively.
Aurus is pioneering a paradigm shift in the precious metals market, striving to create a more inclusive and efficient ecosystem that democratizes access to gold, silver, and platinum for both retail and institutional investors.
Experience the Benefits of tSILVER: Unparalleled Investment Opportunities
- Accumulate silver at a fraction above spot market price, in gram-sized increments, with unparalleled cost efficiency.
- Enjoy hassle-free storage: securely carry any amount of silver in your digital wallet, accessible from the convenience of your pocket.
- Experience seamless transactions: send minute amounts of silver instantly, globally, at negligible fees.
- Tap into global liquidity 24/7, buying and selling silver at your fingertips, from the convenience of your mobile device.
The Aurus Ecosystem: A Harmonious Convergence of Innovation and Luxury
The Aurus Ecosystem constitutes a highly scalable, self-sustaining global network comprising precious metals providers, vaults, and distributors, which seamlessly interact with the Aurus blockchain platform to facilitate the independent minting and global distribution of precious metals-backed tokens.
Aurus: Revolutionizing the Precious Metals Industry with a Novel Value Proposition
B2C – Historically, investing in gold was limited to purchasing from bullion dealers at a premium, accompanied by storage fees, or through exchange-traded funds (ETFs). While ETFs provide exposure to gold prices, they do not represent actual ownership of physically allocated metals and cannot be redeemed. tGOLD, built on blockchain technology, offers a paradigm shift, making gold accessible to a broader audience. This innovative technology enables: 24/7 trading; listings on fiat and cryptocurrency exchanges; peer-to-peer transfers; and instantaneous settlement of all transactions. Aurus addresses diverse use cases, including serving as a network for stable value transfer in the global payments market, a reward-generating financial primitive in decentralized finance (DeFi), and a stablecoin in gaming.
B2B – Aurus fosters synergy with traditional precious metals industry players, granting access to cutting-edge products, a vast addressable market, and passive revenue streams. By empowering bullion dealers to offer a novel and innovative digital product, Aurus enables them to seamlessly execute instant settlements, expand into new geographic and demographic markets, and tap into new recurring revenue streams, thereby transcending one-off premiums.
Meet the Visionaries Behind Aurus
Aurus is spearheaded by a seasoned team of experts with a rich background in commodities and finance.
See full team here.
The Visionaries: Our Directors
- Guido van Stijn – Managing Director, spearheading the organization’s strategic vision
- Mark Gesterkamp – Business Development, driving growth and fostering partnerships
- Dan Cearnau – Chief Technological Officer, pioneering innovative solutions
- Jonathan Boyd – Global Institutional Markets, navigating the intersection of finance and technology
Distinguished Board of Non-Executive Advisors:
- Tony Dobra – With a distinguished career spanning 40 years in the precious metals industry, Tony has worked as a physical and derivatives trader in prominent financial hubs, including London, Frankfurt, Hong Kong, and Luxembourg. He subsequently served as Director of the UK’s largest gold refinery, Baird & Co., for a decade.
- Jason Toussaint – Jason brings a wealth of experience in asset management, precious metals, and fintech, having previously helmed SPDR Gold Shares (GLD), the world’s largest gold ETF, where he oversaw the growth of assets to an impressive $78 billion. He also held the position of Managing Director and Global Head of Investment at the World Gold Council.
- Grant Angwin – A seasoned veteran of the precious metals industry, Grant boasts over 30 years of experience, having held senior management positions at Johnson Matthey, including President of the North American gold and silver business. He also served as President of Asahi Refining and held various roles at global industry associations, including Chairman of the LBMA.
- Rex Johnson – Rex has accumulated extensive experience in the Finance industry, holding numerous senior trading and broking positions. He has been involved in multiple cryptocurrency start-ups and previously served as a board member of an FCA-regulated physical Gold trading company.