What are AGX and AUX Coins

LODE has found a way to secure, insure and audit silver and gold bullion in 8 vaults worldwide, and with the utilization of blockchain technologies, digitally mint AGX and AUX coins.

Each AGX Digital Coin is backed by a verifiable one (1) gram of reserved Silver Bullion. Each AUX Digital Coin is backed by a verifiable one (1) milligram of reserved Gold Bullion.

How Do The AGX/AUX Digital Coins Derive Their Value?

The value of the AGX and AUX Digital Coins is mainly derived from the spot price of silver and gold (spot price considers the cost of mining, producing, minting, vaulting, and distribution, and it is priced in USD).

AGX and AUX coins consider also a fluctuating retail premium that accounts for Bullion Dealers retail pricing, supply and demand of Silver and Gold which influences the final retail premium plus the costs of creating digital tokenization.

When buying through your LODEpay Mobile Wallet, the AGX and AUX coin pricing is equivalent to buying from a Bullion Dealer where economies of scale prevail and you can secure better premiums. The more you buy, the lower the premium.

The prevailing retail price of AGX and AUX Digital Coins is listed on the Scrolling Ticker on the home landing page at www.lode.one and www.lodepay.com

The website Ticker provides the price of AGX and AUX Digital Coins in a multiple of fiat currencies to provide Buyers and Sellers with a baseline for price discovery when settling commerce.

Merchants and Sellers are free to price their products and services however they choose and are not subject to mandates or pricing schedules. All parties to AGX and AUX Digital Coin settlements are expected to conduct themselves with integrity and honesty.

The LODE Association is not a third-party to any transaction between Members or users and cannot be held liable for transactions or transmissions between private parties.

Can I Redeem my AGX and AUX Digital Coins for Physical Silver?

Yes, AGX and AUX Digital Coins can be redeemed for physical Silver or Gold. Please refer to the AGX Coin Terms of Service Agreement found on the Profile Settings page of your desktop LODE account

Can I Buy Physical Silver or Gold With AGX and AUX Digital Coins?

AGX and AUX Digital Coins can be redeemed for Silver and Gold bullion from the LODE Association as per the AGX terms of service agreement. AGX and AUX Digital Coins can also be redeemed via participating Merchant dealers, including precious metal Bullion Dealers in the lodemarkets.com Merchants portal.

Why should I buy SILVER (AGX) and GOLD (AUX) as Digital Coins?

Individuals can use AGX and AUX Digital Coins to protect their savings and purchasing power against inflation and devaluation by holding Silver backed AGX and Gold backed AUX Coins in their Private Digital Wallet.

AGX and AUX Digital Coins will provide clients with a high-speed, low-cost, private, and borderless method of exchange for global trade and commerce.

AGX and AUX Digital Coins will only flow in and out of members’ private wallets when enabled by the (Public Key Address) encryption keys of the AGX and AUX Digital Coin owner.

AGX and AUX Digital Coins can be redeemed at any point, from virtually anywhere, directly for Silver or Gold Bullion through the LODE Association in accordance with the AGX Terms of Service Agreement.

AGX and AUX Digital Coins may now also be redeemed through participating Merchants who accept AGX and AUX Digital Coins as payment for the direct purchase of goods and services through LODEmarkets.com.

You can also deal privately (P2P) between yourself and another individual willing to accept AGX or AUX Digital Coins as payment for a product or service.

AGX and AUX Digital Coins may also be redeemed for investment-grade bullion through the LODE Association in accordance with the AGX Terms of Service Agreement, as well as participating precious metals dealers (subject to the Merchant’s terms and conditions).

AGX and AUX Digital Coins are now listed on the Hotbit Crypto Exchange at Hotbit.io

Please see “Use Cases” for how to use AGX and AUX Digital Coins as they may be exchanged, traded or sold in a variety of ways.

Use Cases for AGX and AUX Tokens

Individuals

Individuals can use AGX and AUX Digital Coins to protect their savings and purchasing power against inflation and or Devaluation by holding Silver backed AGX and Gold backed AUX Digital Coins in their Private Digital Wallet. Each AGX Digital Coin is backed by a verifiable one (1) gram of reserved Silver Bullion. Each AUX Digital Coin is backed by a verifiable one (1) milligram of reserved Gold Bullion.

They can be used to settle trade and commerce with participating Merchants, at https://lodemarkets.com/ , many of which may offer discounts for settlement in AGX and AUX Digital Coins

AGX and AUX Digital Coins may be deposited with an authorized cryptocurrency exchange and sold or traded for other cryptographic assets like Bitcoin, or for fiat currency. This feature will be coming in 2021.

You can also deal privately (P2P) between yourself and another individual willing to accept AGX or AUX Digital Coins as payment for a product or service.

AGX and AUX Coins Digital may also be redeemed for investment-grade bullion through the LODE Association in accordance with the AGX and AUX Terms and Conditions, and may also be sold via LODE affiliated Bullion Dealers or retailers, who can deliver physical Silver and Gold bullion products at prevailing market rates.

Merchants

Any merchant world-wide can accept silver and gold as payment by creating an account in LODEmarkets.com where small business owners, manufacturers, professionals, and retail merchants can engage in low-cost, secure AGX and AUX-enabled transactions with low cash fees on sales. Also, merchants can also settle with suppliers for business expenditures, access valuable rewards and incentives programs and protect their business against depreciating fiat currency.

Merchants will gain access to a global customer base by offering products and services on LODEmarkets.com and by accepting AGX and AUX Digital Coins as payment.

Crypto Traders

Cryptocurrency holders can now trade or transact with cryptographically protected digital Silver (AGX) and digital Gold (AUX). Fund managers of cryptocurrencies and blockchain assets can also position AGX and AUX Digital Coins as a means to stabilize and diversify client portfolios, insulate profits, and hedge against devaluation of their investment. IN Q2 2021, AGX and AUX Digital Coins can be deposited with cryptocurrency exchanges to enable conversion into other cryptocurrencies like Bitcoin or (into) fiat positions.

Industrial Users

Industrial users of Silver may seek to buy, exchange, or earn AGX and AUX Digital Coins as a means to further secure the availability of Silver to secure future supplies for their industrial applications. They can also utilize AGX and AUX Digital Coins to speculate upon the future market price of physical Silver and Gold.

Industrial users can benefit from holding physical Silver for their production needs in the form of AGX Digital Coins because of the substantial savings in Transportation, Security, Insurance and Storage, and when needed, they can then redeem their AGX Digital Coins back into physical Silver bullion when their production needs require so.

Bullion Dealers

In addition to selling physical Silver and Gold, Bullion Dealers can now offer AGX and AUX Digital Coins to their customer base. AGX and AUX Digital Coins possess unique qualities over physical Silver and Gold as the Coins are easily transactable and transferrable in user friendly amounts. Holders of AGX and AUX Digital Coins can also exchange their Coins back into physical Silver and Gold bullion with a LODE Bullion Partner Dealer at the prevailing bullion rates.

Silver Miners

Public and private mining companies may deliver Silver or Gold into the LODE System at a spot price that benefits both the Miner and the Lode Project, and establishing a symbiotic relationship as Stakeholders by delivering Silver and Gold to meet our global Digital coin demand creating a return on their investment in the form of Lode Tokens, and AGX and AUX Digital Coins. This type of relationship helps all those involved to promote commerce that Settles with Metal.

Bullion Investors

Bullion investors may exchange some of their physical bullion coins and bars either for LODE Tokens, AGX or AUX Digital Coins. The superior intrinsic value of LODE’s digital Silver (AGX) and Gold (AUX) Digital Coins provides a vehicle to store, transport, transfer and spend Silver and Gold bullion by utilizing the power of blockchain through the LODEpay Mobile Wallet App

B2B (Barter) Exchange Operators

AGX (Silver) and AUX (Gold) Digital Coins provide a superior trade and commerce settlement tool, giving Merchants transacting in AGX / AUX leverage across the AGX / AUX Ecosystem. Participating Merchants can conduct trade on LODEMarkets.com by offering up inventories to LODE Members helping them source products and services and to Settle with Metal by receiving payment in AGX and or AUX Digital Coins. The potential for Buyers and Sellers to have a reciprocal trade arrangement for goods and services always exists within LODEMarkets, with the settlement of such trades payable in AGX (Silver) and/or AUX (Gold) Digital coins.

How can I buy AGX and AUX

To acquire or purchase AGX or AUX you should have to download and install your LODEpay Wallet, complete your proper setup steps including the completion of the KYC procedures and make sure your 12 words recuperation phrase is properly secured and stored in a safe place, because that is your ONLY way to recuperate your wallet in the case of lost or stolen mobile device.

Getting started (link)

Did this answer your question?