AMA RECAP : MOONFARM FINANCE x AURUS OFFICIAL LIVE
Hosted by — Frank_Moonfarm
Date: 21–9–2021
We have closed AMA live on May 21st, 2021. So here we are up with the AMA transcript, for those who missed the live session, this post will be a time saver & a feeder of knowledge for them
INTRODUCTION.
Frank:
Hi Nick and Jon again, great to have you 2 here today
Our AMA today will have 3 sections
1 Introduction with questions about teams, products, and partnership of Aurus
2. 5 Chosen Twitter questions
3. Live Questions from the community
Q1: Can you please introduce yourself and your background, also introduce the team working on Aurus?
Nick:
Hi everybody, good to be here
Nick Zwaneveld:
Dutch native, living in Rotterdam
Served in the Dutch Army for 17 years.
Master’s degree in Strategic Management
Started as an investor in precious metals since 2016
Worked as a Business developer in virtual reality business
Full-time investor in crypto since 2020
Student at Ivan on Tech Blockchain academy
Working with Aurus since April 2021 as DeFi consultant
Jonathan Boyd:
South African born, living in Amsterdam
Advanced Wealth Management and Financial Planning background
Crypto investor and passionate supporter since 2017
I truly believe in the future of cryptocurrencies and blockchain technology to revolutionize the financial industry
I left my traditional financial planning career to grow adoption in the crypto space and be a part of this revolution, hence I joined Aurus in 2020
Jon:
Our team has a great balance of precious metals experts, finance professionals, as well as crypto and blockchain expertise. This includes blockchain entrepreneurs, the GLD ETF ex CEO, ex-World Gold Council Execs, and large Mining company Execs.
Frank:
Nice, I can see 2 veterans in both Precious Metal and blockchain, very enthusiastic and know what you are doing
No wonder why Aurus get quite good attention from the social Media
Jon:
Thanks, Frank, we have a great team of experienced Non-Exec advisors too
Done.
Frank:
yes, also your Marketing team is great too, I had a chance to work with them, great video and pictures for users to understand what Aurus is doing.
Q2:Ok, so question 2
Can you briefly describe what is Aurus, We would like to know more about it and what is the Aurus ecosystem?
Nick:
Aurus is the technology provider and is becoming an association for all players involved in the precious metals industry to tokenize and bring Precious metals on-chain. Aurus technologies empower all parties to leverage and diversify their existing business models to generate further revenue streams. We provide blockchain tech to connect precious metals brokers, vaults, dealers, and both institutional and retail investors. Therefore, we are decentralized through our technology and through our global network of precious metals providers.
We built Aurus to facilitate a global standard and network of liquidity for tokenized precious metals, whereby any partner or user can join and benefit from earning ongoing revenue streams.
Frank:
Wow, I really like the concept, I do think Precious Metal with blockchain is a very real and good use case of blockchain technology
In fact, we all know how difficult to move a huge amount of precious metal around and their liquidity seems like Aurus is the answer for that.
Jon:
Absolutely Frank, Real Assets with the Real underlying value.
Exactly there are a lot of limitations with changing/transferring the ownership of physical PMs between two parties, the system is old and outdated.
Frank:
[In reply to Jon]
Yes, it is where blockchain tech shine.
Q3: Now let’s dive a bit deeper into Aurus technology with question 3
What is Aurus’s technology? Could you tell us about it?
Jon:
Aurus has created an ecosystem made up of refineries, vaults, and brokers that work together to autonomously mint their own precious metal-backed tokens: AurusGOLD (AWG), AurusSILVER (AWS), AurusPLATINUM (AWP).
Aurus industry partners are incentivized to participate by receiving a portion of the revenues generated by AWG, AWS, AWP.
The other revenues are distributed to the holders of a revenue-sharing token, AurusDeFi (AWX). It is a highly scalable, self-sustaining ecosystem that the entire precious metals industry can benefit from.
Anyone can join this free and fair ecosystem! We are taking the power back from the 1%!
Frank:
Great, this means now I can bring silver and gold to your Ecosystem and turn it into AWS and AWG right. And change tokens back in other countries within your ecosystem?
Jon:
Good point Frank, the answer is YES, and the process would need to follow our quality control and audit guidelines.
Frank:
Ok, I see. Personally will try it myself, really like your ecosystem concept
Jon:
Therefore if you want to allocate PMs to the Aurus ecosystem, the metals would need to be a certain standard, Gold is 99.99% LBMA and Silver is 999/1000 grade. This would need to be moved to a partner vaulting facility, where it would be audited and insured, custody reports verified and then tokens can be minted and issued to your wallet.
Frank:
Very interesting, it is quite clear how authentic and quality the Precious Metal is in your ecosystem with that audit process.
Q4: Now moving on to question 4. What is your progressive plan to ensure that the Aurus platform remains relevant and valuable in the next 3–5 years; in terms of adoption and use-cases?
Nick:
Aurus is releasing the V2 app in October 2021. This allows people to buy, stake and earn a yield on precious metals. The App will be the main onramp to the Aurus ecosystem for the majority of retail users and Aurus partners.
One important use case we are working on is using precious metals as collateral for loans. This is going to be a huge market, as the world we are now living in has very few opportunities to generate a risk-adjusted yield or return, and a lot of sophisticated investors do not want to sell their precious metals to free up capital, hence this will add a lot of value to the ecosystem in the next 3–5 years.
Jon:
We will be creating financial products to bridge the gap between traditional finance and Defi — democratizing precious metals ownership and wealth creation for all kinds of people around the world, no matter if you are a large bank or an average investor, your access to Aurus will be the same.
Aurus will also be focusing on partnerships with other industries that have active and engaged user bases, to increase our overall user base, like the entertainment and gaming industries, as well as further Defi partnerships to grow this space even further.
Aurus is aiming to constantly disrupt the traditional precious metals market by creating yield for investors, which will be crucial, and new use cases as we grow through key partnerships.
Adding users and increasing liquidity, allows us to provide Yield generating opportunities!!!
Frank:
[In reply to Jon and Nick]
Great, you guys have a great plan ahead.
Q5: Trust and security are very important in any business, what makes investors, customers, and users safe secure when working with your project?
Jon:
Aurus relies on globally accepted standards for precious metals (LBMA) and an independent auditing system to ensure all the precious metals on-chain are legitimate and stored in audited and insured vaults around the world.
All Aurus tokens are 100% backed by physical precious metals, which are also redeemable for the physical assets, once minimum thresholds are met.
We also aim to have a DAO structure in the future where AWX token holders can vote to activate random audits in a selected vault within our ecosystem. This will put the power in the hands of AWX holders to verify the assets backing the Aurus tokens.
All wallets will have private key backups and regular code audits to ensure the safety of tokens stored in the Aurus App. Users can also choose to store their precious metals in a Cold wallet card offline if they desire this level of security.
Frank:
Well, I like it a Dao to control Precious Metal, real asset, real value.
Nick:
Jon:
Will share a PIC of our Aurus Cold Wallet Vault card
Frank:
Wow
Look really cool
what are these card functions? May I ask?
Jon:
The Card is a Cold Wallet.
It will also store all PM tokens, Gold, Silver and Platinum, and AWX.
In the future, we will be activating Point of Sale payment terminals in Key areas around the world, where the card can be used to Buy PM’s and also use PM’s to make certain purchases.
This a longer-term goal, which will be benefited and activated through a larger user base and demand, as well as larger pools of liquidity to facilitate larger transactions.
Frank:
Haha, you guys really have a well thought plan and roadmap, the market cap of Precious Metal is huge and I think Aurus can capture a good market share.
Jon:
A sneak peek into the future potential of Aurus
Frank:
yes we all can see from this picture the potential market from precious metal
now let’s continue to our last question of section 1
Q6: What are the unique features does Aurus provide as compared to other projects?
Nick:
1:Revenue sharing system made possible by AurusDeFi (AWX)
2:Taking Precious metals on-chain and enhancing the value through key partnerships within the Defi ecosystem, allowing users to generate Yield on the precious metals.
3:Self regulating price mechanism, through arbitrage by Physical gold against tokenized gold, free and fair market
Jon:
4: Aurus is the only company in crypto that provides a diversified offering of PM’s — Gold, Silver, and Platinum. 😉
Frank:
[In reply to Jon and Nick]
Great, 4 different unique features from Aurus
And we are done with Section 1
Now let’s move to Twitter Section and let’s see what the community want to know about Aurus
TWITTER QUESTIONS.
Frank:
Q1: from @SamuelOdiase3
What is the number #1 priority for AURUS in the next 6 months?
Nick:
Launch of our V2 of the Aurus App in late October 2021, along with the integration of the Polygon network to reduce fees and increase usability for all users within the ecosystem. And to increase liquidity across all tokens, Gold, Silver, and Platinum, so that we can build Yield generating opportunities within the Defi space, Interest, collateral and liquidity provision, and lending and borrowing.
Frank:
I see
it will be a milestone for users and for Aurus
Q2: from @Silverenddy1
Is there any marketing plan for AURUS?
Jon:
We truly believe this too — Moonfarm users will have the opportunity to participate in some exclusive offerings closer to the launch! Stay tuned
Frank:
Yes, I am excited too.
I want to bring this opportunity for Moonfarm users as much as you guys
Jon
- Regular activations with our Centralised exchange partners
- Staking campaigns on AWX; Learn and Earn promotions;
_ Influencer campaigns with Youtube influencers
- Active sales efforts to onboard new Gold & Silver distributors
- Key partnerships within Defi, like this one with Moonfarm
- Referral campaigns with new and existing users of Aurus
- Traditional marketing efforts — Re-marketing email campaigns, Google Adwords, Banner advertising, with crypto websites and with traditional gold market authorities we have partnered with
Frank:
great marketing actions and plan from Aurus team, looking very promising to me
Q3 from @nigeriaalpacino
How many people are currently working on developing AURUS? How many more do you plan to attract people?
Jon:
Currently, we have a diverse team of 20 people actively working on Aurus
- Our team has a great balance of precious metals experts, finance professionals, as well as crypto and blockchain expertise.
This includes blockchain entrepreneurs, the GLD ETF ex CEO, ex-World Gold Council Execs, and large Mining company Execs.
- We will add additional team members in the key areas of Sales and Marketing in the next 6 months as the demand increases in the Aurus ecosystem.
- We will add additional team members in the key areas of Sales and Marketing in the next 6 months as the demand increases in the Aurus ecosystem.
NB: If any Moonfarm community members would like to work with Aurus to grow the community in SE Asia and abroad, please get in touch directly through our Telegram: https://t.me/AurusOfficial
Frank:
haha very nice, a nice way to introduce Aurus and hire people
Q4 from @cryptomoon_xbt
Have you had any partnership contacts with any financial institution?
Jon:
- Aurus bridges the gap between the traditional precious metals market and the cutting-edge blockchain industry.
Therefore we have already partnered with many financial institutions within the precious metals industry, for example, StoneX (Global financial Institution), Brinks Global (vaulting services), Indigo Precious Metals (Singapore), Aurica (Chile), and AGA Bullion (Turkey), to name but a few.
Nick:
We are in talks with various other financial institutions like Private Banks, Family Offices, and other blockchain consulting companies.
This year we partnered with the first regulated Digital Assets broker in France. They provide Aurus with various services like Orderbook management, OTC brokerage services and other HNW financial products.
Frank:
[In reply to Nick]
I see, many good things coming to Aurus
Jon:
I believe there will be many more opportunities as the TradFinance interest in crypto grows
As we all know, WE ARE STILL VERY EARLY!!!!!
Frank:
Q5: Now to the last question from @Zackridersid
Why AWG when there is a market for gold and other precious metals?AWG and AWX mention the different purposes they serve?
Jon:
AWG is a 100% gold-backed token which is able to be transferred and settled between parties instantly and change of ownership is executed trustlessly and in real-time thanks to tokenization.
Nick:
This opens up new opportunities for Gold, as it already provides a trusted store of value function, but now in tokenized form it enhances the ability to trade the asset across borders 24/7 and generate further yield for investors. This is not possible in the existing physical Gold market due to logistical hurdles and the way that physical gold needs to be settled through 3rd party custodians.
Jon:
[In reply to Nick]
And Silver and PLatinum obviously
AWX is Aurus’ utility token that allows holders to share in the revenues generated mainly by on-chain transactions of the Gold, Silver, and Platinum tokens… AWX holders accumulate these revenues in the form of AWG/AWS/AWP tokens on a regular basis. Thereby earning a passive income stream for life, just by holding and staking their AWX tokens in their wallet.
See more info here: https://aurus.io/invest/
Frank:
yes, and soon Moonfarm users can earn both AWS and AWX right Jon haha
Jon:
Yes, Frank very soon!
With further PM’s joining the Moonfarm platform thereafter!
AWX is also limited to ONLY 30 million tokens, so scarcity will drive value, and HNW’s will buy these all up very quickly in the near future, therefore your users should get some while they can
Frank:
And we did with Section 2, now let’s move to live Questions
I will open a slow chat for 5–10 mins so users can comment their questions here for the Aurus team
Jon and Nick will pick the 5 best questions and answer.
LIVE AMA QUESTIONS
@Wright990:
Kindly tell me what is your contract address to buy and what is the slippage rate for it?
Nick:
[In reply to Wright]
https://info.quickswap.exchange/pair/0x50bbe120a804ae9708d90e05311979924c89360c
this is the AWS/ETH pool address on Quickswap
Jon:
[In reply to Frank]
Appreciate all the questions Moonfarm community, if we don’t get to your specific question, please go to our Telegram group, read all Pinned messages first, before asking in the channel.
We will also organize a follow-up AMA/Group chat session with you all, in the coming weeks after reviewing all the questions properly!
@RexWallen:
BSC is really trending now because it has a low gas fee and high transaction speed. Have you any plans to move to BSC?
Nick:
We have our focus on the Polygon network now. First, we want to grow a strong and healthy ecosystem there before moving over to BSC.
@MillardMora:
I want to invest in your project. Where do I buy your token? Is it available on any exchange?
Nick:
Yes, our tokens are listed on CEX.io Biki exchange and White bit. You can also buy directly from one of our partners. https://aurus.io/distributors/
@GinnyGallagher:
What is your most ambitious goal for the Project? We would appreciate it if you could share with us any Upcoming Updates?
Nick:
We want to tokenize at least 5% of all precious metals. For our updates, it’s best to follow us via telegram
@CybrKrystlz:
Where I can get all the latest news? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/Twitter groups?
Jon:
https://twitter.com/AurusOfficial
https://www.facebook.com/AurusOfficial
https://www.linkedin.com/company/aurustechnologies
https://www.youtube.com/channel/UCNDfrbzw0GpJtjX10POiVeA
https://www.reddit.com/r/Aurus/
@clayqtpie:
Is your platform suitable for Crypto beginners? Or does it only appeal to professional users?
Nick:
It’s suited for both beginners and professional users. Especially when our app V2 is live
@joyjumper:
Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
Nick:
We don’t have any token burn. There is only 30 million AWX, therefore is no need to burn
@gemsdungeon:
As an individual user, In What ways can I contribute to the development? Do you have Ambassador programs and What are their benefits?
Jon:
Community building, opening up Aurus to different user bases, talking about the value of PM’s (Aurus), in other Telegram / Social Media groups / Crypto channels
If anyone in the Moonfarm community wants to join our Ambassador program, and earn AWX for growing our community, then get in touch in our Tg group.
@TooFat2Camp:
How do you deal with the security threats of your project? DO you have any AUDIT in recent times for trust?
Nick:
https://aurus.io/gold-auditing/
Jon:
[In reply to Jon]
This user engagement will benefit the growth of Moonfarm and Aurus all at the same time. The biggest problem for a lot of really good quality projects adding real value to users is not getting a large enough community shouting and talking about the project.
This will create global distribution and more liquidity for everyone using Aurus tokens. It will also generate more revenue for AWX holders!!!!
Lots of love and good energies to you all — we will answer more of your questions soon!!!
About Aurus
Aurus is a UK company that empowers the traditional precious metals market with an open platform to tokenize bullion into AurusGOLD (AWG), AurusSILVER (AWS) and AurusPLATINUM (AWP). Aurus is replicating the traditional precious metals market in a digital way, creating an ecosystem made up of providers, vaults, and distributors that work together to produce and distribute stablecoins backed by gold, silver and platinum.
Website | Medium | Twitter | Telegram
Contact Aurus
Email: team@aurus.io
About Moonfarm
Moonfarm is a DeFi and Centralized Finance (CeFi) hybrid yield farming aggregator. It provides the best of both worlds, offering all the cost-effectiveness, easy access, transparency, and rapidity of DeFi yield farming, in addition to offering the security associated with a centralized financial ecosystem.
Moonfarm optimizes Yield Farming interest (APY/ APR) and provides users with the ability to choose what farms they want to use, or the system will automatically determine the best farming strategies using the yield optimization engine.
Website | Twitter | Telegram | Telegram Announcement | Medium| Reddit
Contact Moonfarm
Email: hello@moonfarm.finance
