Generic placeholder image

WHAT IS AURESCO?

Auresco Institute is a non-profit, non-government legal entity, registered in Slovenia, EU. It is a non-profit, non-government legal entity, registered in Slovenia.

LEARN MORE »

Generic placeholder image

OUR PURPOSE

Auresco acts as the Xaurum CommonWealth representative. It purchases and stores the physical gold, that represents golden standard for Xaurum.

LEARN MORE »

Generic placeholder image

OUR VISION

Auresco is based on the understanding that cryptocurrencies can only become useful as currencies, when they function properly as a store of value.

LEARN MORE »

Generic placeholder image

WHAT IS AURESCO?

Auresco Institute is a non-profit, non-government legal entity, registered in Slovenia, EU. It is a foundation committed to promotion of Xaurum, a digital cryptocurrency, and guarantees the owners the possibility to exchange Xaurums for physical gold in a process called “melting” at an increasing exchange ratio. Xaurum (abbreviation: XAU) is a cryptocurrency backed by an increasing ammount of gold.

OUR PURPOSE

Auresco acts as the Xaurum CommonWealth representative. It purchases and stores the physical gold, that represents golden standard for Xaurum cryptocurrency. Auresco is also responsible for storage and distribution, serving as a keeper of physical gold and a distributor of exchanged (melted) physical gold to Xaurum users. The exchange ratio is constantly increasing in favor of Xaurum, due to CommonWealth principle that redirects network fees and profits of inflation to all current owners of Xaurum. Xaurum can be exchanged for gold and delivered worldwide with additional corresponding shipment costs.

Generic placeholder image

OUR VISION

Auresco is based on the understanding that cryptocurrencies can only become useful as currencies, when they function properly as a store of value. The most simple answer to this question is representative money, where the value of money is a representation of some commodity, historically, a representation of precious metals.

Cryptocurrencies are not only monetary unions, but also fiscal and political unions. They are currencies that have rudimentary fiscal policies embedded in their code in the form of synthetic scarcity  protocols, such as limited monetary supply, difficulty, halving and reward distribution, and for this reason require shared consensus mechanisms. Because the shared consensus mechanisms are done on the principles of competition, the profits produced can only centralize. Xaurum makes the monetary policies into policies of cooperation, and by storing the value required to produce new money supply instead of destroying it, succeeds in decentralization of profits. Because it uses physical gold for its store of value, it requires some centralization in organization, this type of centralization, however, is in our opinion much less insidious and much less systematic than the centralization of profits, and we gladly sacrifice the former to prevent the latter.

We see great potential for Xaurum to become a storage of value and thus becomes viable as a currency, once the critical threshold is achieved. When the profits from transaction fees sufficiently increase, the price will become a function of adoption. Xaurum’s creation, will be as volatile and speculative as that of the other cryptocurrencies, but with the price of gold serving as an ever-increasing price floor, preventing extreme devaluation. Auresco believes, that Xaurum is the next step for cryptocurrencies, its dance is the dance of history: two steps forward, one step back. It connects and combines the new world of crypto technology with the old world of gold investment, to enrich both and produce a better, golden crypto future.

OVERSEEING XAURUM COINAGE

Auresco regulates and oversees the process of new money supply entering circulation, Xaurum Coinage, currently organized as the processes of Mining and Minting.

Mining is a process of issuing Xaurum coins to donors in appreciation for their donation of computing power to the Xaurum CommonWealth and is determined by the Coinage formula. Donations are collected from mining rewards in other cryptocurrencies, that support Proof of Work mining. Donors can stay anonymous members of Xaurum Community and are able to participate with voting as occasional members.

Minting is a process of issuing Xaurum coins to mints in appreciation of their donation of fiat to the Xaurum CommonWealth and is determined by the Coinage formula. Donations are collected from minting by Mints, operated by investors with masternodes containing 1000 Xaurum. Because Mints operate with fiat, they have to identify with Auresco and meet Anti-Money Laundering and Know Your Customer legislation requirements.

Generic placeholder image

CONTACT INFORMATION

  • Company name:
  • AURESCO INSTITUTE
  • Address:
  • Triglavska cesta 43
  • 4260 Bled
  • Slovenia
  • Geo. Coordinates:
  • E46.3750137, N14.086443400000007
  • Commune:
  • Administrative Unit:
  • Tax number:
  • Registration number:
  • Kranj
  • Kranj
  • 52124517
  • 6747604