Eacht SILVER token represents full ownership and can be redeemed for 1 gram of 99.9% silver, sourced from LBMA-accredited refineries.
Aurus is a UK foundation that provides the software, network and crypto infrastructure for global precious metals businesses to merge with the future of finance, in the form of DeFi and Web3 applications - giving them high-tech products, a huge addressable market and passive rewards.
The Aurus ecosystem is a highly scalable network made up of precious metals providers, vaults and distribution partners that interact with the Aurus blockchain infrastructure, and work in synergy to mint and distribute precious metals-backed tokens to the broader market.
The protocol reward-sharing mechanism allows the Aurus ecosystem to be completely self-sustaining. Ecosystem participants are incentivized to tokenize their precious metals by earning a proportional share of the rewards generated from the usage of tGOLD, tSILVER and tPLATINUM tokens. Bullion providers receive 50% of the rewards generated from tGOLD and 70% from tSILVER and tPLATINUM. The other rewards are equally distributed to the stakers of the ecosystem token, AurusX.
The ecosystem's foundations were designed to align the interests of its participants, encouraging the production, distribution and adoption of the precious metals tokens. It is non-exclusive and equally fair to every participant, enabling the entire precious metals market to join and benefit from it.