AU is an open source distributed cryptocurrency since 2014! The first developer is not important any more, the code is same as bitcoin.
It will be back in with gold in future when price will be 1oz by third parties for fees
and the price will be same as gold unit without volatility.
People support this idea and that is the power of this coin same as bitcoin every one can back it for fees like exchanges that trade BTC/USD for fees.
If an ounce is 28.5 grams, and the total number of coins is 300 k, then 8550 tons is obtained.
then the price of the coin must be at least one in * 45, so
Why is the number of coins chosen exactly 300k. ?