If the community can agree that every 1 AU will be worth 1 OZ of pure gold aprox 1280 USD or 0.5136 BTC and every one who uses this coin can change it into 1 oz pure gold with every one else who accept this coin
Then the coin value will be determine on suply and demand but 1 AU will always be backed-in with 1 OZ of pure gold and the market value will be minimum 300,000 OZ
every one can gold back the coin to himself and every third party can do that but this is the main rule using this coin.
what do you think?
AU for sale:
0.47 BTC or 1280$ or 1 OZ gold bar
I will replace my AU with gold and my gold with AU!
if price is lower now in cryptopia or any other exchange, run and buy, this is your life chance!
I sell to you 10AU for 4.7 BTC or 10OZ Gold.
What way we can make the deal?
regards Althor49