why GoldChain Exchange
Gold Chain Exchange is the first ever crypto exchange backed up with commodities. It means that we will be issuing commodity-backed cryptocurrency followed by our stablecoin. Gold Chain Exchange promises stability by tying to real-world assets like gold, silver, and platinum. This way, we avoid any risk for users in the future.
#1
GoldChain Exchange uses a unique network
Gold Chain Network is an exceptionally safe and scalable chain capable of 1,000,000 tps (transactions per second) tested for a year without any downtime. Our biggest advantage over any other crypto network is the lowest transaction cost and unprecedented safety.
#2
who is behind GoldChain Exchange
#3
Unlike other crypto coins developed by anonymous people, we're all about transparency. Gold Chain Network is developed by the biggest experts from Harvard University. CEO of the company is John Paulson, American billionaire hedge fund manager who leads Paulson & Co, a New York-based investment management firm he founded in 1994.
Gold Chain Network (AUN) Whitepaper
ALL YOU NEED TO KNOW
This whitepaper introduces AUN, a revolutionary cryptocurrency backed by 700 tonnes of gold . With a total supply of 100,000,000 AUN, each token represents a fractional ownership of the gold reserves. As the backup reserves grow, the price of AUN will increase, offering a unique opportunity for investors seeking a stable and secure digital asset.
1. Introduction: AUN is a digital currency built on blockchain technology, combining the stability of gold with the efficiency and security of cryptocurrencies. By linking the value of AUN to the gold reserves, we aim to provide stability and transparency to the crypto market while offering a reliable store of value.
2. Tokenomics: - Total Supply: 100,000,000 AUN - Initial Backup: 700 tones of gold
3. The Gold Reserve Mechanism: AUN's value is derived from the gold reserves backing the cryptocurrency. Currently, the initial backup comprises 700 tonnes of gold, providing a solid foundation for the currency. As the total gold reserves of our exchange grows, the price of AUN will grow proportionally.
4. Security and Transparency: To ensure the security and transparency of the gold reserves, regular audits will be conducted by reputable third-party firms. The audit reports will be publicly available, allowing AUN holders to verify the authenticity and integrity of the backing reserves.
5. Growth Potential: As the gold reserves increase, the price of AUN will expand accordingly. This unique feature sets AUN apart from traditional cryptocurrencies, providing investors with the opportunity to benefit from the growth of the underlying asset while enjoying the advantages of digital currency.
6. Use Cases: AUN will be utilized in various ways, including:
- AUN is the native token of Gold Chain Exchange.
- Store of Value: AUN offers a stable and secure digital asset backed by the value of gold.
- Remittances: AUN enables fast and low-cost cross-border transactions, and free cross-chain bridges for another crypto networks.
- E-commerce: AUN can be used as a means of payment for online purchases.
- Investment: AUN provides an opportunity for investors to diversify their portfolio and hedge against market volatility.
7. Roadmap:
2023: Establish partnerships with gold mining companies to expand the backing reserves.
2024: Enhance the AUN ecosystem by integrating with Gold Chain exchange.
2024: Presale of AUN with a purpose of “mass adoption” and widespread use and acceptance of digital the currency as a legitimate form of payment for goods and services.
2025: Explore additional use cases and expand the adoption of AUN in various industries.
2025: Continuously improve the security and transparency of the gold backing mechanism.
2026: Facilitate AUN's integration with traditional financial systems, enabling broader acceptance and utility.
8. Conclusion: AUN offers a unique opportunity for investors seeking a stable and secure digital asset backed by the entire amount of gold mined in the world. With a transparent and auditable gold reserve mechanism, AUN aims to revolutionize the cryptocurrency market by providing stability and growth potential
AUN tokenomics
every single AUN coin is backed up with pure gold!
Total Supply of AUN coins: 100,000,000 AUN
Backing of gold: 700 tonnes
Price of gold per ounce: $2,000 (the price is taken as an example)
Total Backing in Ounces = 700 tonnes 32,150.7 ounces/tonne
Total Backing in Ounces = 22,505,490 ounces
Price per Coin on Listing = $2,000 * 22,505,490 ounces / 100,000,000 coins
Price per Coin on Listing = $450.1098
