AUREUS NUMMUS - A global payment and savings instrument backed by gold

What is the Aureus Nummus?

The Aureus Nummus is a digital currency and asset, which is sponsored by physical gold or gold equivalent that serves as a global payment savings mode. Aureus Nummus provides remarkable higher intrinsic value and stability compared to other currencies and payment systems.

The market price of Aureus Nummus coin:

The conversion rate of Aureus Nummus is independent of any market price fluctuations like secondary markets where 1 ounce of gold bullion is equal to 100,000 ANG. An equivalent amount of physical gold or gold equivalent is put into a trust account for each sold in public. The price of the Aureus Nummus Gold gets stabilized with the gold backing, the fixed exchange rate as well as software algorithms.

The holders of Aureus Nummus collectively own the gold or gold equivalent put in a trust account and can request their Aureus Nummus coins be converted back into gold or gold equivalent, subject to the terms and conditions of Aureus Nummus.

Intrinsic Value

The Aureus Nummus administration compromises the value of coins by putting for each 100,000 ANG coins that are sold to the public one ounce of gold bullion or gold equivalent into a trust account. The Aureus Nummus has a proportion based 1:1 on directly allocated physical gold or gold equivalent.

Key features of Aureus Nummus

● Aureus Nummus is an independent, decentralized, open-source build on the blockchain platform. The supply of coins is fixed and is forever unchangeable. The transaction is completely anonymous,inflation-free, and not mineable.
● Aureus Nummus is backed by gold. The minimum price of Aureus Nummus is pegged to gold bullion and it has no maximum price. Aureus Nummus value is very stable and has the ability to reduces any price volatility with gold backing.
● Aureus Nummus unites the benefits of fiat currency and cryptocurrencies with its revolutionary technological innovation to provide value through its backing by physical gold.
● The Aureus Nummus is designed for everyday enterprise, consumer, and retail use with fast, cost-efficient cryptocurrency for domestic and cross-border payments, transactions, and savings.

Complement fiat currencies

The Aureus Nummus is designed to complement traditional fiat currencies and banking services by providing an independent tamper-proof payment and savings with intrinsic value. Aureus Nummus took a step forward to resolves the trust problem, issues, and challenges of fiat currencies and banking.

Simple payment solution

Aureus Nummus provides much-needed access to payment and savings solutions for the unbanked population of this globe. Aureus Nummus also provides alternative solutions for complementing the existing banking services and fiat currency holdings.

The value of one Aureus Nummus coin has been upon the US-Dollar cent level. This helps consumers and enterprises doing payment and settlement with small invoices and transactions.

Bank account is not necessary

Aureus Nummus does not want its users to have a bank account, credit, or debit cards to own Aureus Nummus cryptocurrency. All the users have to do is simply convert money, other cryptocurrencies, or precious metals into or out of the Aureus Nummus to use it.

No trust issue

One of the major challenges that disrupt the advancement of global marketplaces is managing deal contracts between people who never know before. With Aureus Nummus, there is no trust issue. Aureus Nummus eliminates the need for a trusted third party like a bank due to its transparent intrinsic value and decentralized organization. This is a major drawback of traditional currencies. Aureus Nummus is completely decentralized, and functions based on community consensus of the Ethereum community. This eliminates the single authority, who would be able to change or influence the value or the setup of the Aureus Nummus. The Aureus Nummus is entirely autonomous without any intrusion of downtime, censorship, fraud, and third-party interference.

The Aureus Nummus resolves the problem of dealing with an unknown person by encrypting its smart contract and deal transaction information on a shared ledger. It avoids the ignorance of a one-party to say they did not see it. The smart contract is completely tamper-proof which executes the transaction, and payments through distributed nodes. This ensures not even a single point of failure to make them completely immune to information loss.

Security

The security embedded blockchain technology in Aureus Nummus ensures cent security. The storage in a distributed network clarifies not a single point of failure and completely secured against hackers.

Regular bank transactions are expensive compared to the Aureus Nummus, and also vulnerable to theft and fraud. Hackers can steal your bank payment information that leads to loss of money. But stealing Aureus Nummus addresses is completely useless because, every for a transaction is said to be valid, only if you signed with its associated private key, which the user doesn’t need to share with anyone to make a payment.

Cannot be reversed

One of the main challenges for sellers in traditional marketplaces is demanding the company to reverse the payment afterward. The buyer can make claims that the product was never delivered or was delivered in the form of quality that they did not want. However, with Aureus Nummus based smart contracts, it is not possible to alter the transactions once agreed to do. The agreeing on the terms cannot be reversed after executing the deal of the intended sale or transaction by both buyer and seller.

Benefits of smart contracts

Speed
Smart contracts are super fast to implement than traditional contracts. There is no need for paperwork for sale agreement in the blockchain-based Aureus Nummus marketplace as followed in a traditional marketplace. The Aureus Nummus smart contracts rely on secure software code that automates tasks and executes business transactions in fully automated mode quickly. The transaction is spontaneous, completely automated, fraud-proof, tamper-proof, loss proof, and completely secure.

Elimination of fake Goods
The smart contract of Aureus Nummus eliminates the sale of fake goods. The smart contract tracks and verifies products easily with the underlying decentralized cryptographic code. This is not possible with the traditional centralized business platform. The implementation of the smart contract is based on the agreement of the parties performing transactions.

Autonomous

The Aureus Nummus is entirely autonomous. The smart contract does not require to rely on brokers, lawyers, or any other intermediaries for sale agreement. The execution is managed in the decentralized system and no error is encountered so far.

The value of Aureus Nummus

● 1 ounce of gold bullion is equal to approximately 1,500 US-Dollars (it varies with the daily price of gold)
● 100,000 Aureus Nummus digital coins are exactly equal to 1 ounce of gold bullion
● 1 Aureus Nummus coin is equal to roughly 1.5 Dollar cents or 0.015 US-Dollars.

AI technology

The Aureus Nummus is based on Artificial Intelligence(AI) technology and runs on an Ethereum smart contract. As a result, the Aureus Nummus runs exactly as programmed without any possibility of downtime, censorship, fraud, and third-party interference. Its consensus protocol eliminates completely the need to trust intermediaries, as every transaction is verified and confirmed by the public community with complete transparency.

Conclusion

Aureus Nummus was conceived with the vision to provide a value-based, stable and instantaneous payment and savings instrument independent from the traditional international banking and payment systems.The smart contracts of Aureus Nummus are set to revolutionize the way business is conducted and marketplaces are managed — the underlying blockchain technology guarantees efficiency, low cost, more variety and more increased certainty of sale, and total certainty of business contract execution. For more and latest information please visit: https://an.gold/

For more information

Website: https://an.gold/
Whitepaper: https://an.gold/wp-content/uploads/2019/08/AN_presentation_wd.pdf
Bounty Thread: https://bitcointalk.org/index.php?topic=5242557.0
Telegram: https://t.me/AureusNummus_community
Twitter: https://mobile.twitter.com/ANummus
Facebook: https://www.facebook.com/aureusnummus/
LinkedIn: https://www.linkedin.com/company/aureus-nummus-gold/?viewAsMember=true/
Reddit: https://www.reddit.com/user/Aureus-Nummus
Instagram: https://www.instagram.com/aureusnummus/
YouTube: https://m.youtube.com/channel/UC6sHSzrZBuFvrLi0K9rQKcA/featured?view_as=subscriber

Written by

K.Siva Arulmani
Bitcointalk Username: Rachchi
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2297077