{"id":5806,"date":"2021-11-23T16:01:49","date_gmt":"2021-11-23T16:01:49","guid":{"rendered":"https:\/\/afluxcoin.com\/?page_id=5806"},"modified":"2021-11-25T09:49:05","modified_gmt":"2021-11-25T09:49:05","slug":"white-paper-aeon-flux-gold","status":"publish","type":"page","link":"https:\/\/afluxcoin.com\/ar\/white-paper-aeon-flux-gold\/","title":{"rendered":"White Paper Aeon Flux Gold"},"content":{"rendered":"
Gold has always been an important element of the world’s financial and economic system. It is a metal precious, rare, and universally recognized for its value.<\/p>
It has been used as a store of value for thousands of years and by central banks as a gold reserve. Gold, commonly seen as a safe haven asset especially in times of economic crisis, is largely recommended by companies specializing in savings and investments as an integral part of a strategy of diversified portfolio investments. To date, according to the World Gold Council, gold continues to be the favorite asset over local currencies for 2 billion individuals in countries with unstable fiat currency.<\/p>
With the premise that gold is a stable resource, globally recognized and accepted, precious but all at the same time scarce and bulky, we have created with the AFG token a simple tool to possess, to exchange, and to move ownership conveniently physical gold of the highest quality from<\/p>
LBMA certified investment, without the worry of cost or inconvenience of physical storage and security.<\/p>
To ensure the high quality of investment gold, the purchase of this precious material will only take place on foundries that meet the stringent requirements required to hold the LBMA (London Bullion Market Association).<\/p>
In this document, we present a token that aims to create a bearer of good 100% digital backed by physical gold. The token effectively represents the direct ownership of the underlying gold.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Gold has always played an important role in trade and finance since ancient human civilizations up to the modern day. The first known civilization to use gold to create commercially used coins more than 2500 years ago, was that of the Greeks and until the end of the twentieth century, gold was the main medium of exchange underpinning most monetary systems.<\/p> In fact, in the past, given its scarcity and its role as a globally accepted store of value, this precious material was a reference for the central banks of the main economies to fix the value of their currencies.<\/p> In the past, the Bank of England was obliged to always exchange gold for a certain amount of pounds. This was known as the famous “gold standard”. It was only in 1931 when the Great Depression became the catalyst for a UK budget crisis and the Bank’s reserves were depleted which ceased the obligation of the gold standard. The example was also followed by the United States Federal Reserve. Since that time, the fiat monetary system has evolved and helped facilitate a global economy. Even though no more countries are using the gold standard today, gold continues to be used as a store of value and is still regarded by some as the purest form of money.<\/p> The value of legal tender relative to gold is widely divergent. Compared to the value of gold, the US dollar has lost 97% of its value. An ounce of gold, worth $ 38 in 1971, is now worth more than $ 1500. Other fiat currencies have further depreciated and despite these evolving dynamics, gold has retained its desirability and value. More than $ 3.5 trillion of the total gold available today is used exclusively for investment purposes, even knowing that gold is a heavy commodity e bulky that is not easily moved or easily accessible to the masses.<\/p> Physical investment gold is defined by the standards of the London Bullion Market Association (LBMA). The London Bullion Market Association (LBMA) is the professional organization behind the market spot for gold and silver in London, the heart of the global trading of precious metals.<\/p> The LBMA sets and oversees the highest standards in refining, documentation, transportation, and custody of each gold and silver bar that circulates on the official market at the spot price of gold.<\/p> BullionVault allows private investors to buy and sell bars with certified documentation by the LBMA and kept in recognized vaulted rooms. Formed in 1987 after many consultations with major bullion banks and the Bank of England, the LBMA now has 119 companies in 21 countries. By working in contact with the financial and currency markets of the City of London, the LBMA has also developed a code of conduct, the Non-Investment Products Code, approved by both the Bank of England and by the regulatory body in Great Britain, the Financial Services Authority (FSA).<\/p> The procedure for joining the LBMA is particularly strict. Among other things, the LBMA is responsible for deciding and publishing the Gold Fixing and daily of silver. The fixing is considered the official price for precious metals and is quoted in the press and in the press international media.<\/p> To date, most of the processes related to buying, selling, transferring, confirming, and settling gold assets between the parties remain largely manual, opaque, and outdated.<\/p> The market is largely reserved for qualified investors, therefore it means much of the value gold is not readily available or widely accessible.<\/p> Furthermore, the size and weight of physical gold represent a fundamental challenge for the market. Physical gold bars are difficult to transport and expensive to store. So investors find it a “bulky” asset to invest. These challenges exist for both institutions and for retail investors of gold bars.<\/p> However, there are a few ways to buy and sell investment gold: Over The Counter trading (OTC), Gold Exchange Traded Fund (ETF), gold futures, or gold retail outlets. Most investment gold is traded Over The Counter as unallocated gold. In fact, the London Over the Counter (OTC) Bullion Market is the largest spot market, Cuba about 80% of the global market share. To participate in this market, customers (almost exclusively entities) must have a direct or indirect account with one of the members of the LBMA. Basically, the market for gold clearing and settlement is operated by five clearing banks that form London Precious Metals Clearing (LPMCL).<\/p> In addition to physical and financial trading, gold has many ways of employment and use, from the production of jewelry to electronics, and is defined by investors around the world as a safe haven asset especially in times of uncertainty.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Gold is considered to be one of the most valuable commodities for people and investors around the world. Usually immune to economic fluctuations or recessions, this precious metal has one unrivaled reputation as a safe investment.<\/p> The gold market today, although considered an important financial asset, is characterized by several critical points. First, owning and trading gold can be complex.<\/p> Investors may own large quantities of investment-grade physical gold, but it is expensive to allocating and storing, not easily divisible, bulky and expensive to move, and therefore very difficult to negotiate.<\/p> Alternatively, investors can wholesale gold through financial products or in exchange-traded funds such as ETFs, which are in fact derivatives or securities but do not own real and physical goods.<\/p> Today, the gold buying and selling chain enjoys a bad reputation among the masses and the large public of individuals and professionals. There are no defined “ethical standards” and depending on the supply chain intermediary, the quality of the gold and the price vary without following quality standards and defined market prices. Furthermore, we must take into account that gold is a very good asset traded, the processes of purchasing and exchanging ownership of the asset do not yet use digital means.<\/p> These traditional solutions are inappropriate and decidedly inefficient, particularly in one economic crisis scenario.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t The digitalization and tokenization of gold is the solution to these problems. Aeon Flux has made an innovative solution to these compromises in the gold market with the Aeon Flux Gold (AFG) token which through the blockchain, it exploits an immutable, secure, and distributed ownership register.<\/p> Aeon Flux Gold is a token that represents physical gold. The gold is kept in deposits of maximum security of trusted and respected organizations that, following the strict requirements of the LBMA standards, have a proven track record in this sector.<\/p> Basically, Aeon Flux Gold responds to the needs of the gold market by combining the indisputable advantages of owning physical gold with the speed and mobility of digital assets of blockchain technology. The token was created with the intention of putting blockchain technology at the service of the industry of gold, professionals in the sector, and the private public through the tokenization of gold.<\/p> The holders of the AFG token are guaranteed the effective ownership of the gold, kept in the foundries and deposits world’s safest coupled with the portability of a digital wallet.<\/p> The companies and foundries participating in this project have LBMA certifications and manage the flows financial and information in a transparent manner, highlighting the entire purchasing process of fundamental elements starting from the quality of the gold, to the foundry for physical archiving up to the evidence notarial deeds and inspections.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t The Foundry<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t With AFG, the underlying of the physical gold can be redeemed at any time, with the convenience of digital money that can be transferred, split, and protected in a safe and simple way.<\/p> In this way and with tokenization, resources can move globally, 24 hours a day, 7 days a week, 365 days a year.<\/p> Aeon Flux Gold Token is a tokenized version of physical gold of the highest quality by standards London Bullion Market Association (LBMA).<\/p> These investment gold bars are typically 12.5 Kilograms, each worth over $750,000 (according to today’s market prices in September 2021), and therefore generally only accessible from foundries, central banks, or international institutions.<\/p> In summary, AFGX with the tokenization of gold and exploiting blockchain technology, allows anyone to Each AFG token represents one gram of physical gold from a specific serialized bar held in very secure vaults.<\/p> The property, on the other hand, can be divided into units up to 18 decimal places, making it possible to have lowercase letters AFG is built as a BEP-20 token based on Binance Smart Chain so that it has portability through Binance Smart Chain’s vast network of wallets and exchanges.<\/p> The fundamental principles on which we base the security of the project and the token are:<\/p> Our company and project vision is to advance, with the help of blockchain technology and tokenization the so-called gold industry.<\/p> The use of the innovative digitalization and tokenization technology of gold allows maintaining strict and rigid security requirements of this gold market. At the same time introducing new cutting-edge concepts to simplify and accelerate the buying, trading, and selling processes.<\/p> The goal is that our token can, in addition to accelerating and simplifying gold trading, be used as a stable and secure cryptocurrency and that can be exploited as a digital underlying for financial transactions.<\/p> This would make this precious golden resource accessible to a wider audience.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t The valuation of the Aeon Flux Glod token is based on the real underlying of gold of the highest quality 999.9 \/ 1000 LBMA with a 1: 1 ratio (in each token there is one gram of LBMA certified gold). Therefore the company guideline is in the first phase of the project is to purchase gold only through foundries, deposits, and vaults, gold industry institutions regulated and in possession of the requirements, standards, and LBMA certifications.<\/p> The project subsequently envisages being able to acquire gold from different supply channels. Such as individuals or professionals in the gold chain, going to buy gold from other foundries LBMA certified gold buying shops or institutions where gold assets are present.<\/p> The process involves that after purchasing gold on these channels, it is delivered to a foundry authorized by Aeon Flux. The gold is blend and processed with refining so that it is of certified Quality LBMA (London Bullion Market Association), or the association that regulates world standards of the gold industry).<\/p> Furthermore, in the project, we plan to build a network of gold collection points or authorized shops in Europe and later in the world. AFG tokens will be issued only when Aeon Flux formalizes the purchase of the highest quality gold LBMA quality and de facto owns the property, stored in safe deposits.<\/p> Finally, given that the introduction of the “loan against gold” concept, in recent years has gained positions in the private finance market and where financial institutions have created financial packages dedicated with gold underlying, we expect AFG to be adopted by lending platforms cryptographic, allowing users to potentially earn interest on holding and possession of their AFG token. It might be particularly interesting for those who already hold gold.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Our business approach is based on transparency, trust, and security.<\/p> AFG token is a blockchain-based token that allows you to directly acquire ownership of gold stored in high-security warehouses. The token can be bought, sold, or exchanged through the Aeon Flux dedicated portal at any time.<\/p> Transparency: Aeon Flux following the principles underlying the blockchain technology, puts a transparent provision to customers of the information (serial number of the gold bar, location of the deposit, property receipts) which are stored immutably in the blockchain simply usable from the network.<\/p> Trust: unlike many cryptocurrency projects, behind the Aeon Flux project there are real people, who manage real and non-virtual businesses. We guarantee our customers with the AFG token an underlying real gold with a real value (both on the blockchain and in the real world).<\/p> Aeon Flux will undergo regular audits by established companies recognized as a company regulated. The Aeon Flux staff, the people participating in the project, our partners in the world are physically and really available with whom it is possible to talk and meet.<\/p> Security: Aeon Flux has entered into agreements and collaborations with foundries, gold trading institutions, and maximum security deposits regulated according to LBMA standards, wider audience.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t The Aeon Flux Gold token represents the ownership of physical gold stored in rough deposit security at foundries and warehouses authorized and contracted with Aeon Flux. The holder of the token has a real right to a certain amount of the existing gold. The token is directly linked to physical gold of 99.99% purity of the highest quality LBMA. 1 token is equivalent to 1 gram of gold.<\/p> The price of the AFG token is pegged to the price of gold. AFG is a token that can be traded on the blockchain and is based on Binance Smart Chain (BSC) following the BEP-20 protocol. Being developed on BSC technology it is compatible with all wallets accepting BEP-20 tokens and with Ethereum Virtual Machine (EVM). All transactions work according to the rules of the Smart Contract on the Binance Smart blockchain Chain.<\/p> Like any BSC-based token, Aeon Flux Gold is available and tradable 24\/7, 365 days a year. Therefore, unlike physical gold, the AFG token is always available at every moment. Obviously, the value of the AFG token is influenced by the value of the gold resources it represents.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t AFG tokens are created and destroyed by Aeon Flux, a regulated Estonian company, as needed and are directly related to the purchase of physical gold. The token value will be published on the dedicated portal www.AFG.afluxcoin.com. Aeon Flux charges fees for creating and destroying the tokens they will post on www.AFG.afluxcoin.com.<\/p> AFG will be listed on cryptocurrency exchanges globally and will be traded directly against other cryptocurrencies or fiat coins. Individuals who hold physical gold may be interested in transferring their ownership to AFG, enjoying the enormous benefits deriving from tokenization, speeding up, and simplifying the sale.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t The stacking plans will be defined subsequently and in line with the price of the gold market. The investor can:<\/p> a) Keep the tokens with the intent of making a capital gain.<\/p> b) Store the tokens with the same intent and also stake your tokens, which undertake not to sell them, blocking them in the Aeon Flux wallet and receiving an extra return in addition to the capital gain generated by the token.<\/p> c) Request a refund of your tokens on the Aeon Flux platform or sell them through an exchange.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\tHistory of The Gold Market<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
The Problem<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
The Solution: Aeon Flux Gold Token<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
possess fractions or sections of gold and gold bars of the highest quality LBMA.<\/p>
quantity of gold of the best quality.<\/p>Vision<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Business Model<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Business Principles<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Features of Aeon Flux Gold Token<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Premise:<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
The value of AFG:<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Transparency and solvency:<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Advantages of the AFG token:<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Using AFG:<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Stacking:<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t