Auric (AURI) - Scam or Other Issues | Coinopsy
Auric (AURI) - Dead Coins

Auric (AURI)

Auric was founded in 2018, it is not trading on any exchanges. Auric was added to the dead coins list due to Scam or Other Issues. Founder/CEO is Michael Wilkinson

Detail

  • Main reasons for dead coin listing Scam or Other Issues
  • started 2018, Ended 2018
  • Social media ended 2019.
  • Trading ticker (AURI).
  • 8 million tokens total.
  • Not available to trade on any exchanges.
  • Was built on standalone blockchain.
  • Website is down.
  • The Founder/SEO is Michael Wilkinson.

Further Details New

(auric io 2018)

INTRODUCING QUADRA

Auric will run on our own distributed ledger, Quadra. This will allow for fast, free, frictionless transactions in a loosely similar way to the TANGLE used by IOTA, albeit with different underlying code. For the user, this results in tier one ease-of-use and no concerns over changeable transaction fees.

Welcome to the beginning of Auric, the cryptocurrency that has a defined minimum value from Day One. Utilising something similar to the ‘Gold Standard’ system, Auric will start by being backed by the precious metal on a 1:1 basis from the price paid during the ICO. This avoids that crucial missing element that all crypto suffers from, especially at the beginning – confidence.

The Auric coins that ICO investors own will each carry an intrinsic gold value. Via the Auric Market, coins can be swapped on demand for their original amount of physical gold (0.001oz per Auric). This means the market price will in practice never go below that level, even if the entire crypto market falters. As Auric grows in absolute value, this sell option will become less relevant, but it will always be there to provide the currency with a truly unique support level.

Copy paste from white paper.

Auric represents a new paradigm in the asset class of cryptocurrencies. No longer do you have to accept that any value ascribed to a token or coin is based on nothing more than speculation,hype or market moves in other currencies.​

Introducing Auric

The currency with an intrinsic base value of 0.001oz gold per coin​. Gold backed and risk freeAuric brings 1:1 backing with the precious metal atthe 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 minimum guaranteed value from Day One.


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Auric was founded in 2018, it is not trading on any exchanges. Auric was added to the dead coins list due to Scam or Other Issues. Founder/CEO is Michael Wilkinson.


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