Aureus Nummus – The Future of Money

AUREUS NUMMUS FACT SHEET

WHAT IS THE AUREUS NUMMUS GOLD?

The Aureus Nummus or also Aureus Nummus Gold  (symbol: ANG) is a digital currency and asset, which is backed by physical gold or gold equivalent according to our Terms and Conditions and serves as a global payment and savings instrument. The gold backing provides the Aureus Nummus with significantly higher intrinsic value and stability than compared to other currencies and payment systems.The  Aureus Nummus is a digital currency based on 1:1 allocated physical gold or gold equivalent. Allocated means that for each Aureus Nummus that is sold to the public a respective amount of gold or gold equivalent will be put into a trust account or brokerage account or safe storage, based on the current exchange rate.

The holders of Aureus Nummus may request that their Aureus Nummus coins be converted back into gold or gold equivalent, subject to our Terms and Conditions, and based on the current exchange rate.  

The  Aureus Nummus does not require users to have a bank account or a line of credit such as a credit card in order to own any digital coins of the  Aureus Nummus cryptocurrency — they simply have to convert money, other cryptocurrencies or precious metals into or out of  the  Aureus Nummus to use it.

The Aureus Nummus is completely decentralized. Not one single entity or authority can change or influence the constitution of the Aureus Nummus or its smart contracts. As the Aureus Nummus is based on an Ethereum smart contract, it runs exactly as programmed without any possibility of downtime, censorship, fraud, and third-party interference.

Feel free to use the  Aureus Nummus for payments and savings as you please. You can buy the Aureus Nummus with cash, credit cards, commodities and cryptocurrencies. There are many more payment and sales options available. Most currencies are accepted.  

Do you want to pay for the Aureus Nummus with precious metals or other commodities? No problem. We accept gold, silver, platinum and many other high-value metals or commodities. Please contact us to learn about the process and transaction requirements.

Please read our Terms and Conditions and Privacy Policy, which represent a binding contract between you, the User, and us.

The Aureus Nummus is designed to complement traditional fiat currencies and banking services by providing an independent  tamper-proof payment and savings instrument with intrinsic value that resolves the trust problem, and many of the other issues and challenges associated today with fiat currencies and banking. The ability to  track and to directly assign value to any imaginable object in the next development phase will take the Aureus Nummus to a new era of currencies.

The purpose of the Aureus Nummus also is to serve the unbanked population of this world by providing them much needed access to payment and savings solutions, and to provide alternatives to those wishing to complement their existing banking services and fiat currency holdings.

The value of one Aureus Nummus coin has been set on purpose at the US-Dollar cent level in order to assist consumers and enterprises with payment and settlement of small invoices and transactions.

NO BANK ACCOUNT REQUIRED

The  Aureus Nummus does not require users to have a bank account or a line of credit such as a credit card in order to own any of the  Aureus Nummus cryptocurrency — they simply have to convert money, other cryptocurrencies or precious metals into or out of  the  Aureus Nummus to use it.

AUREUS NUMMUS KEY FEATURES

  • Independent.
  • Decentralized.
  • Open source.
  • Fixed supply – forever unchangeable.
  • Inflation free.
  • Not mineable.
  • Based on blockchain technology.
  • Transactions are anonymous.
  • Backed by gold.
  • The gold backing makes the Aureus Nummus value stable and greatly reduces any price volatility, while keeping its upward price potential.
  • The ANG is not created out of nothing like fiat and crypto currencies. The ANG’s revolutionary technological innovation combines the advantages of a standard legal tender fiat currency with those of cryptocurrencies, while at the same time providing real verifiable value through its backing by physical gold or gold equivalent.
  • The Aureus Nummus has a fixed and limited supply that can never be changed again. The Aureus Nummus cannot be mined.
  • The Aureus Nummus is built for everyday enterprise, consumer and retail use, and is a fast, cost-efficient cryptocurrency for domestic and cross-border payments, settlements and savings.
  • Trust is no issue. Unlike traditional currencies you don’t need a trusted third party like a bank due to the Aureus Nummus’ transparent intrinsic value and decentralized organization. There is no single authority, who would be able to change or influence the value or the setup of the Aureus Nummus, as it is completely de-centralized, and functions based on community consensus of the Ethereum community. The Aureus Nummus runs completely autonomous based on its program without any possibility of downtime, censorship, fraud, and third-party interference.

THE NEED FOR CHANGE – ADVANTAGES OF AUREUS NUMMUS BASED BUSINESS TRANSACTIONS

Trust

One of the major challenges that has impeded advancement of the global marketplaces is how to manage deal contracts between two people who do not know each other. The Aureus Nummus  resolves that problem by encrypting its smart contract and deal transaction information on a shared ledger. Therefore there is no way one party can say that they did not see it. Furthermore, the smart contract, which executes the business transaction, is executed through distributed nodes with not one single point of failure, therefore, making them completely tamper proof and completely immune against information loss.

Autonomy

The Aureus Nummus is completely autonomous. Its underlying smart contract has no need to rely on brokers, lawyers as well as other intermediaries in order to enter into a sale agreement. Furthermore, execution is managed in the network through a decentralized system and the incidences of error are virtually zero.

Security

​The security of the Aureus Nummus is based on the blockchain technology and thus 100% safe and secure, as everything is stored in a distributed network. Therefore, as explained earlier, there is not one single point of failure. Cryptography ensures that the documents are completely safe and incidences are virtually zero as the distributed ledger technology does not grant access to hackers.  In order to succeed hackers would have to hack many 1000 computers simultaneously at the same time in different geographical locations – a task that is not possible to accomplish.

Speed

Smart contracts based on the Aureus Nummus are faster to implement than traditional contracts. The paperwork required in order to enter into a sale agreement in a traditional marketplace is not used in the blockchain based Aureus Nummus marketplace. Through the use of software, the Aureus Nummus smart contracts rely on secure software code in order to automate tasks and speedily execute business transactions in fully automated mode. The transaction is instantaneous, fully automated, fraud proof, tamper proof, loss proof and completely secure.

Fake Goods

The underlying smart contract, on which the  Aureus Nummus is based, eliminates the  sale of fake goods. Through the underlying decentralized  cryptographic code, it is possible to track and verify products easily, which on a traditional centralized business platform is not possible. Furthermore, the execution of the smart contract is based on the agreement of parties. It is not possible to collude with various parties around the world to tamper with the Aureus Nummus based contracts.

No Chargeback Fraud

One of the main challenges for sellers in the traditional marketplaces is that a buyer can buy a product, pay via services such as PayPal and then call the company to reverse the payment afterward. There are many businesses that have been affected negatively by this method. 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 very difficult or next to impossible to alter the transactions after they have been agreed upon. Both buyer and seller will have an option of agreeing on the terms of the intended sale or transaction, but after execution the deal  it cannot be reversed. This simple intrinsic feature of Aureus Nummus based contracts results in a much higher degree of confidence into transactions.

​Finally, it is evident that smart contracts 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.

KEY FACTS

SYMBOL: ANG

VALUE OF THE ANG:

The exchange rates can be found on this third party sites:

Probit Exchange: www.probit.com

Coinmarketcap: www.coinmarketcap.com

Coingecko: www.coingecko.com

TOKEN DISTRIBUTOR: Simplexx Ltd. (United Kingdom)

TOKEN ADMINISTRATOR: Aureus Nummus Management Corporation (Canada)

TECHNICAL DEVELOPER: Quantum Computing Labs Corporation (USA, Canada), An Aurum Dynamics Corporation (USA)

ASSET TYPE & DESCRIPTION:

  • The Aureus Nummus Gold (symbol: ANG) is a digital currency based on 1:1 allocated physical gold or gold equivalent.
  • “Allocated gold” means that for each Public Coin (“Public ANG”), that go into public circulation, the respective value of gold, gold bullion or gold equivalent will be put into an account (dependent on the market price). Gold bullion are gold bars with a minimum gold grade of 99% or 24 Karat.
  • ANG are in “public circulation”, when they are owned by someone else than the token issuer or the token administrator. The only ANG that are permitted into public circulation are ANG that are fully backed by gold, and and the Private Coins.
  • The ANG is completely decentralized and based on the distributed ledger technology and the ERC20 standard.
  • The available quantity of ANG is forever fixed at 60 trillion. No new ANG can be created or added.
  • Free of inflation.
  • Value stable.
  • Backed by gold.
  • Fixed supply that never can be changed again.
  • No intermediaries.
  • No Bank account required.
  • No trust required.
  • Instantaneous transactions.
  • No single authority can change or influence the Aureus Nummus protocol.
  • Completely 100% immune from and resistant to fraud, tampering, and third-party interference.
  • Completely decentralized.
  • Completely autonomous based on its program without any possibility of operational failure, downtime, censorship, fraud, and third-party interference.
  • Anonymous.
  • Freely exchangeable into most fiat currencies, cryptocurrencies and precious metals.

KEY POINTS:

  • The holders of ANG collectively own the gold or gold equivalent, which is held in reserve in a trust account in order to back the value of the ANG.
  • Use of proceeds which result from the sale of ANG: The proceeds of the sale of ANG will be used to buy gold, gold bullion or gold equivalent as determined by the administrator, based on current exchange rates.
  • Buy-back of ANG: Holders of ANG may request from Simplexx Ltd an exchange of their ANG into gold or gold equivalent. After receiving a respective client request, Simplexx Ltd will convert the ANG into gold or gold equivalent by deducting 0.5% for handling costs. Freight and courier costs and applicable taxes (if any) may be deducted as well. Should other costs incur because of special client wishes, the client will be properly informed, and the client’s permission obtained.
  • Simplexx Ltd will always buy back the ANG except in the following cases: (1) Force Majeure as defined under Canadian or UK law, (2) court orders, (3) legal prohibitions, (4) liquidity problems in markets and/or business.
  • The ownership of ANG does not provide: (a) management or voting rights, (b) right to receive interests, premiums, dividends or any other form of income, (c) rights in any company, securities, dividends, profits and losses.
  • The ANG is freely tradeable. There are no restrictions regarding transfer, use and ownership (subject to applicable law).
  • The price of the ANG may fluctuate on the various currency and crypto exchanges and secondary markets in general.

Please see the Terms and Conditions for more details.

SMART CONTRACT ADDRESS:

0x130914E1B240a7F4c5D460B7d3a2Fd3846b576fa

SMART CONTRACT VERIFICATION:

https://etherscan.io/token/0x130914E1B240a7F4c5D460B7d3a2Fd3846b576fa

WEBSITE:  www.an.gold

REPOSITORY ON GITHUB.COM:    https://github.com/AureusNummusGold/Gold1

AVAILABLE AMOUNT OF AUREUS NUMMUS GOLD:

60 trillion ANG = 60,000,000,000,000 ANG

This number represents the total currency supply. It is fixed forever. No new ANG coins can be created or added.

NUMBER OF AUREUS NUMMUS IN PUBLIC CIRCULATION (*):

589 billion ANG = 589,000,000,000 ANG (**)

GOLD & GOLD EQUIVALENTS IN RESERVE: xxx

FURTHER INFORMATION

FOOT NOTES:

(*) Numbers are estimates and may vary.

(**) As of Jan 2020 this refers to the Private Coins according to the Terms and Conditions. See Chapter 7  of the Terms and Conditions for more information regarding the Private Coins and Public Coins.

(***) The price is subject to market variations.

(****) This refers to the Public Coins only according to the Terms and Conditions. See Chapter 7.16 of the Terms and Conditions for more information regarding the Private Coins and Public Coins.

(*****) The price of ANG may fluctuate on the various currency and crypto exchanges and the secondary market in general.  

 

REGULATORY PERMITS AND REGISTRATIONS, MARKET DATA & EXCHANGE LISTINGS

REGULATORY PERMITS & REGISTRATIONS

Aureus Nummus Management Corp is duly registered with FINTRAC as money service business.

FINTRAC  –  www.fintrac-canafe.gc.ca

Registration Number: M20237340

The gold supplier of Aureus Nummus Management Corp, Aureus Nummus Latin S.A.S. is registered as gold exporter with DIAN and all other relevant authorities.

DIAN  –  www.dian.gov.co

Registration Number:  901303584-9

REGULATORY PERMITS & REGISTRATIONS


Aureus Nummus Management Corp is duly registered with FINCEN as money service business.

FINCEN  –  www.fincen.gov

Registration Number: ANMC0359

The gold supplier of Aureus Nummus Management Corp, Aureus Nummus Latin S.A.S. is duly registered with ANM as gold, precious metal and commodity exporter.

ANM  –   www.anm.gov.co

Registration Number:
RUCOM-2019091015377

MARKET DATA LISTINGS

 

The Aureus Nummus Gold is included in and listed with the following price quote and market data providers.

CLICK HERE: CoinMarketCap.com

 

CLICK HERE: coingecko.com

 

CLICK HERE: cryptocompare.com

EXCHANGE LISTINGS

 

The Aureus Nummus Gold is listed on the following major exchanges for trading:


CLICK HERE: www.probit.com

 

COMING SOON:

CLICK HERE: www.digifinex.com

COMING SOON:

CLICK HERE: www.lukki.io


A small exchange for anonymous trading,
CLICK HERE: www.ledgerdex.com

WORDS FROM FAMOUS ECONOMISTS ABOUT FIAT CURRENCIES:

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

— Alan Greenspan, Chairman of the US Federal Reserve, 1987–2006

The problem with fiat money is that it rewards the minority that can handle money but fools the generation that has worked and saved money.

— Adam Smith (Scottish Economist, known as the “Father of Economics”, author of the famous book “Wealth of Nations”)

EXCHANGE RATE WITH MAJOR WORLD CURRENCIES

Europe
1,000 ANGs
=
436.17 EUR
USA
1,000 ANGs
=
520 USD
Switzerland
1,000 ANGs
=
472.2 CHF
Russia
1,000 ANGs
=
39686.7 RUB
Canada
1,000 ANGs
=
675.93 CAD
Australia
1,000 ANGs
=
705.81 AUD
South Korea
1,000 ANGs
=
574887.43 KRW
Singapore
1,000 ANGs
=
695.91 SGD
Hongkong
1,000 ANGs
=
4030.37 HKD
New Zealand
1,000 ANGs
=
741.49 NZD
China
1,000 ANGs
=
3420.52 CNY
India
1,000 ANGs
=
38514.33 INR
United Kingdom
1,000 ANGs
=
390.12 GBP
Mexico
1,000 ANGs
=
10441.96 MXN
South Africa
1,000 ANGs
=
7966.92 ZAR
Israel
1,000 ANGs
=
1725.35 ILS
Brazil
1,000 ANGs
=
2792.39 BRL

YOUR OPTION TO BUY AND SELL THE AUREUS NUMMUS:

You have a couple of options to buy the Aureus Nummus. We accept cash, credit cards, cryptocurrencies, cash payment, wire transfers and physical delivery of precious metals, gems, precious stones and many other commodities and assets. We accept most currencies.

1. WIRE TRANSFER AND CASH PAYMENTS:

If you would like to pay by wire transfer or cash, please contact us for the necessary details.

2. PAYMENT WITH PRECIOUS METALS AND OTHER COMMODITIES:

We accept most precious metals, including higher priced metals as payment. We accept most commodities. Please contact us for more details.

3. EXCHANGE:

Several exchanges are available. Please check your options here.

4.P2P, P2B  and B2B DIRECT SALE:

Private owners may have Aureus Nummus contingents up for sale. Please contact us for the referrals.

5. THROUGH THIS WEBSITE BY USING YOUR CREDIT CARD OR CRYPTOCURRENCIES

You can buy the Aureus Nummus also here on this website by using our checkout system. You may pay with credit cards and cryptocurrencies.

Please read and take note of our Terms and Conditions, and of our Privacy Policy.

THE NEED FOR TRUST

The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust banks with our privacy, trust them not to let identity thieves drain our accounts, and we have to trust them that we in fact will get our money back when we need it.

— Satoshi Nakamoto (creator of bitcoin)

Advantages and disadvantages of the traditional banking systems have been widely discussed in the public. The goal of Bitcoin is to replace traditional banks and fiat currencies. The objective of the Aureus Nummus, however, is not to replace banks or fiat currencies but to act as a hi-tech complement, that strives to resolve most of the well known shortcomings of fiat currencies and the banking systems.

An example: traditional fiat currencies and banking systems simply are not designed for IoT and M2M environments, or tracking objects while assigning value to them. The Aureus Nummus is.  And while the Aureus Nummus is backed by gold, it is reasonable to assume that none of the traditional fiat currencies or banking systems will ever return to the gold standard again.

THE NEED FOR A FIX

  • About 2.5 billion people worldwide do not have access to bank accounts or financial services according to the 2017 World Bank Global Findex Database. This means that more than 32% of the world’s population is unbanked with no means to pay bills or receive remuneration other than hand-to-hand transfers of goods or currencies.
  • In addition, with new risk and KYC rules in place large numbers of private and corporate clients get their existing bank accounts terminated or new applications refused, an epidemic even affecting established clients in increasing numbers.
  • This situation certainly cannot be in the interest of governments, who need to collect taxes, and can’t do so because a large part of their population is off the grid.
  • And then there are  further issues that equally need a fix….traditional banking is expensive and vulnerable to (identity) theft and other criminal attempts.
  • Traditional banking is becoming increasingly exclusive with significant numbers of people and companies being denied bank accounts.
  • Fiat currencies are subject to inflation and the policies set by the respective central banks.
  • Fiat currencies have no intrinsic value. Their value is what the central bank says it is.
  • Cryptocurrencies strive to resolve the short comings go fiat currencies but suffer themselves from large price swings and lack of intrinsic value as well as inflation.
  • Non-asset backed cryptocurrencies suffer from severe price volatility, limiting their utility as a currency.
  • Cryptocurrencies are frequently used for speculation and not thought of as a store of value.

THE SOLUTION

The Aureus Nummus, a gold backed digital asset and  cryptocurrency. The  Aureus Nummus does not require users to have a bank account or a line of credit such as a credit card in order to own any the  Aureus Nummus cryptocurrency — they simply have to convert money into or out of  the  Aureus Nummus to use it. 

Use the Aureus Nummus for paying and saving as you please – and relax even more:

  • The Aureus Nummus can be used as a payment and savings instrument by all those without proper access to modern banking or wishing to have alternatives to traditional banking.
  • The supply of the Aureus Nummus in circulation is limited and forever fixed at 60 trillion coins, and thus is free of inflation.
  • The Aureus Nummus is completely decentralized. Not one single entity or authority can change or influence the constitution of the Aureus Nummus or its smart contracts. As the Aureus Nummus is based on an Ethereum smart contract, it runs exactly as programmed without any possibility of downtime, censorship, fraud, and third-party interference.

The Aureus Nummus is

  • Stable.
  • Decentralized.
  • Independent.
  • Backed by Gold.
  • Fixed in supply at 60 trillion coins.
  • Not mineable.
  • Free of inflation.
  • Tamper and fraud proof.
  • Anonymous.

Buy the Aureus Nummus …

  • with cash,
  • by wire transfer, direct deposit or any other form of money transfer accepted by regulators,
  • in exchange for precious metals,
  • or through an exchange,
  • or buy the Aureus Nummus from private resellers.

Sell the Aureus Nummus to Simplexx Ltd or to Aureus Nummus Management Corporation.

Simplexx Ltd  or Aureus Nummus Management Corporation may buy back the Aureus Nummus Gold coin from investors in exchange for gold at the current exchange rate. Transaction fees and shipment costs may apply.

KEY FEATURES

  • Fixed and limited supply set at 60 trillion digital coins.
  • A maximum number of 54.21 trillion coins is available for sale and stored in the safe wallet. No more Aureus Nummus coins will be made available.
  • A maximum number of 5.89 trillion is has been set aside to be used for R&D and financing the operating and other business costs. Our profit lies in our ability to source gold at a significant discount (approx 40-50%) through  our fully permitted Latin American and other gold operations. The discount is our profit which will be used to pay for G&A, R&D and the general maintenance costs.
  • The maximum quantity of ANGs available for purchase in US-Dollars is approximately 700 billion, depending on the exchange rate. This amount has been chosen based on the planned role of the Aureus Nummus as an international payment and savings instrument, which shall accommodate large international business transactions.
  • The coins available for sale are held in an electronic safe and can only circulate among the public if they have been paid in full and if the respective amount of gold has been put in trust in order to back the value.
  • The Aureus Nummus is NOT mineable.
  • The Aureus Nummus does not grant any interest or share in any company or corporate asset, the Aureus Nummus is not a security as defined by applicable SEC rules.
  • The minimum value of the Aureus Nummus is NOT dependent on the success of any business plan or company, the Aureus Nummus is NOT dependent on any interest or share in any company.

HOW DOES THE AUREUS NUMMUS MAINTAIN ITS INTRINSIC VALUE?

The Aureus Nummus is based 1:1 on directly allocated physical gold or gold equivalent.The Aureus Nummus administration puts for each  ANG coin that are sold to the public one ounce of gold bullion or gold equivalent into a trust account, broker account or other account under the control of the administrator, subject to its Terms and Conditions. 

The holders of Aureus Nummus can request that their Aureus Nummus coins be converted back into gold or gold equivalent, subject to our Terms and Conditions. The conversion rate is based on current exchange rates.

Questions? Please contact us !

The Aureus Nummus administration’s job is the technological development and the transfer of gold or gold equivalent into a trust account in order to maintain the intrinsic value of the Aureus Nummus coin.

The rest is left to the decentralized public and the community. 

 

INDEPENDENT FROM CENTRAL BANKS AND GOVERNMENT INTERFERENCE

The Aureus Nummus is based on 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.

Sending and receiving payments anywhere in the world is easy, fast and cheap with the Aureus Nummus.

Compare that to regular bank transactions, which not only are much more expensive compared to the Aureus Nummus, but also are vulnerable to theft and fraud – contrary to the completely secure Aureus Nummus transactions. Hackers can steal your bank payment information from merchants, but in the case of the Aureus Nummus, stealing Aureus Nummus addresses is completely useless because for a transaction to be valid, it must be signed with its associated private key, which the user doesn’t need to share with anyone to make a payment.

Some of the advantages:

  1. Consumers and enterprises using the Aureus Nummus don’t need to trust a middleman for executing buy and sell orders. The Ethereum ERC20 technology, provided by the Swiss Ethereum foundation, the technological basis of the Aureus Nummus, doesn’t require buyers and sellers to trust anyone. If you put your money into a traditional bank, you need to trust that bank.  But with the Aureus Nummus and its technology you don’t need to trust anyone – not us, not any intermediary, and not any bank, because the public community verifies and checks your transactions in full transparency and confirms them while maintaining your anonymity. The decentralized nature and the underlying blockchain technology make fraud or the non-fulfillment of transactions impossible.
  2. The transaction rules are the same for everyone, no single authority can alter those rules or gain an advantage as all transactions are verified by the community and are public.
  3. All Aureus Nummus coins are pre-mined and stored in a safe wallet. The Aureus Nummus coins are released from the Aureus Nummus safe wallet only if the then current price purchase will have been paid in full and if the equivalent amount of gold had been deposited into the trust account. This is a fully automated process that doesn’t not require any human input or interference. There is no single authority, who would be able to change or influence the value or the setup of the Aureus Nummus, as it is completely de-centralized, and functions based on community consensus of the Ethereum community. The Aureus Nummus runs completely autonomous based on its program without any possibility of downtime, censorship, fraud, and third-party interference.

HISTORY, CONCEPT AND TECHNOLOGY

The Aureus (pl. aurei — “golden”) was the most valuable and most important gold coin of ancient Rome, introduced by Julius Cesar, the ruler of the Roman Empire, around 60 BC with many important features of a standardized modern currency system, and kept its dominating status for more than 1000 years.

The  Nummus (Greek: νοῦμμος, noummos), plural nummi (νοῦμμοι) is a Latin term meaning “coin“.   The Aureus also was referred to as Aureus Nummus.

There hardly is anyone, who is not enthusiastic about the huge potential of the blockchain technology and cryptocurrencies in particular. However, cryptocurrencies have had some shortcomings, which the Aureus Nummus strives to resolve.

The shortcomings of cryptocurrencies have been:

  • Large price swings.
  • The confirmation of a bitcoin transaction taking 43 minutes, with many other cryptocurrencies suffering from similar delays. However, any transaction that is not instantaneous, simply cannot serve as payment and savings instrument. If you check the next time into your favorite coffee shop, surely the barrista will not want to wait 43 minutes for payment. A practical solution was needed.
  • Lastly many cryptocurrency founders are decrying the absence of value in the traditional fiat currencies. They are right, but what about the cryptocurrencies themselves? What is the value of Bitcoin based on, for example? You can take a dollar bill into your hands, but in the case of Bitcoin there isn’t even a Bitcoin that you can point your finger to, not even a single code snippet that would represent one Bitcoin. A Bitcoin like most other cryptocurrencies simply exists because of a transaction, so it has a transactional fiat value and NOT an intrinsic value, which explains the large price swings.

As a result, the Aureus Nummus was conceived, with the vision to provide a value based, stable and instantaneous payment and savings instrument independent  from (but as a complement to) the traditional international banking and payment systems.

NEXT DEVELOPMENT STAGE OF THE AUREUS NUMMUS

The next development stages of the Aureus Nummus digital currency will implement  M2M and IoT ecosystems in order to enhance its use.

  • Next development stage – M2M (machine-to-machine) transactions. It  will render an ecosystem built on the blockchain technology to provide lightweight, secure, efficient, feeless micro-transactions in real-time.
  • Next development stage –  Internet of Things (IoT). It  will render a scalable ecosystem that aims to improve the mechanics of the IoT and business transaction, with the goal to track and assign value to any imaginable object.

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