We are pleased to announce our next AMA on November 3rd 2020 at 04:00 PM UTC Time: Satoshi Club x AURIC
⚠️Click to see the hour
⚠️Total Reward pool: $2000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join AURIC Telegram group
We will have the following structure:
Part 1: 300$ /12 users – We’ll select 12 questions from the community. A user can post maximum 3 questions. 12 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 300$/15 users – Open chat for 100 seconds. You can post Max 5 questions. AURIC Team will select 15 questions and answer them.
Part 3: 1400$ – A quiz about AURIC
For more details:
AURIC – @auricfinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Your project looks very well documented, and it has resources on all platforms where all good projects have resources. Still, it lacks in terms of trust because of the anonimity of the team. When do you intend to make your team public? Do you think that this is still important in a blockchain project?
What was the reason behind choosing gold and not other commodity as a value – storer?
How do you see the future of #AURIC in the 5 years to come? Do you feel it will continue to grow until it achieves its ultimate goals, or do you see the probability of competitions overtaken AURIC due to current market challenges?
How do you compare AURIC to Pancakeswap or bakeryswap?
From medium,
Auric not dependent on the current world based currency.
Auric relies on the centuries old currency of all currencies, or store-of-value: gold.
How is Auric made to have independent price?
Why Auric choosed to have price like old currency – gold, but not to follow price of other currencies?
It’s the first time we are hearing about the AIRIC…Can you briefly introduce or explain the AURIC project?
Can you give an overview of $AURIC Token tokenomics?
Will the design of the token rise and fall with the success of the platform, does it include any scarce paths, such as equity, storage or burning?
Marketing and building community is the toughest part facing by almost all projects,what are the strategics ‘Auric Network”are used or to developing to overcome this problem?
What’s Sentivate economic model and how will its architecture ensure scarcity of the $AURIC token and help to growth token price?
2)Can You talk about the weak point that Your project is Currently Dealing With and
how you managed to overcome it
What are the marketing strategies of your project? What will you do so that your project will be visible in crypto field and people come to explore your project?
How many killer features of Your project that makes it ahead of its competitors? Could you tell us 2-3 features ?
Is there anything special or different when staking or yield farming $AURIC token rather then other tokens?
Where does the project name come from? What does it mean for you and why did you choose that name for your project???
The crypto space is still in its early stages, but seems to have saturated as more projects emerge everyday ..? What do you think is the most important thought for AURIC to maintain its position over time in this fierce industry?
Is your name Auric derived from the word Aurum (gold)? How do you associate yourself with him? Maybe some specific samples of gold are symbolic numbers for you?
What criteria Auric Network has when choosing partnership with other platforms/tokens?
Why Auric Network currently didn’t make partnership with any other project?
AUSCM’s price is relevant and equivalent to the price of gold, we all know that the price of gold vary from different exchanges and data providers, how can Auric Network determine the exact price of the gold in a given time?
How many pools are there now and are rewards evenly divided between them? Is there a minimum entry threshold and penalties for early exit from the pool?
Can you tell us what are the main benefits of a $AURIC Token holder? For investment purposes, why do we have to invest in $AURIC & what benefits does $AURIC give to holders?
You are looking for firms that agree to conduct an audit for 10ETH each. Why are you not satisfied with the firm that has already done the audit and why don’t you contact the already reputable firms? It may be better to pay more, but the firm that people trust
I saw the introduction to the de-fi technology in your education section. That’s a very good initiave, that’s seldom found today. Do you intend to expand the educational scope of your project?
Faith and trust are what keeps an investment steady and flourished, I learned that the team behind Auric Network is anonymous, to gain more trust and to make your investors comfortable with you, do you plan to unveil your team’s identity and introduce yourself to the public?
Congratulations on your recent auditing from Quantstamp, to further ensure the security features of your platform, will you do a bug bounty program that can reward ethical hackers and validators?
in your website i read Auric is Elastic supply to seek price/supply equilibrium based on oracle price of gold.
can you explain about that?
How do you rebase, is there a clear set schedule, or does the rebase depend on changes in the price of gold?
AURIC NETWORK protocol’s AUSCM token target price reference is based on GOLD and not on USD or any FIAT. Why GOLD and since currently 1 AUSCM token = $0.0163 and Gold Price per Ounce = $1,898.59, how can I know when it will be a positive rebase or negative rebase or none? And in what order of magnitude will the rebase occur? Is is solely based on any formula?
“(AUSCM) target price is one trillionth the total market capitalization of all cryptocurrencies”. Does this implies that (AUSCM) price would only appreciate when market is bullish? If yes, do you think short term traders would like this kind of method?
Liquidity mining, Yield farming has been a very popular concept and a strategy for DeFi projects to boostrapping nowadays, does Auric Network has similar planning to incentivize protocol adoption?
As an investor, safety is always one of the biggest concerns. What kind of security protection do you provide for the ‘Auric Network’ platform? How to ensure the safety of customer assets?
Can you tell us the motivations and benefits of investors holding $AUSCM tokens for a long time? Do you plan to carry out this project in the next 6 months, and are there any activities to attract users?
How secure is your platform? Have you got your smart contract audited? Having supply change everything is very complicated and it’s crucial not to get bugs or loopholes
Which specific about technology and strategy of AuricNetwork that make you believe it will be successful and what does AuricNetwork plan do to attract more users in the upcoming time?
Most crypto projects are usually very complex and niche in utility. Is this ascertion the same for Auric Network? Who can use Auric Network?
The token since it is anchored to the cryptographic market capitalization will be very volatile since, for example, bitcoin in one day can raise or lower its capitalization without prior warning, I would like to know, how AUSCM uses this synthetic system to protect itself from volatility?
What motivated you to $AURIC?What is that backbone feature that hold s $Auric stand top of other projects?
Rull pulls are on a rampant run with project’s team members dumping their tokens or removing liquidity from pools. Your Anti-Rug Pull Incentives is a secondary rewards pool which incentivizes users to continue to provide liquidity. What is this secondary rewards pool and who controls it? How can secondary rewards pool prevent Rull pulls if they incentivizes users?
You are using synthetic commodity money as payment. What are they and how to use them? Will they be able to replace fiat money in the future?
Quantstamp says it will complete the audit about a week after the launch date? Have you ever thought about the fact that many will doubt whether to become your user or not? Do you currently have any alternative audit option that needs to be completed by the launch date?
▶️▶️ What is your deep
understanding of this “System”,
pleases with us. In addition,
please give us a brief overview
of the development history of
the ” System” and its
commercial value.◀️◀️
what companies are you partnered with or seeking to partner with in future ?
How this company helps the growth of this system
IF you doing an airdrop with huge prizes➡️Is it make an impact to Multiplier development? I mean do community give you feedbacks?
Auric uses bleeding-edge technology to bring the world back a couple centuries. Can you explain more about the bleeding-edge technology that your platform using? How does this technology gives impact to the development of Auric ecosystem?
I read that you will do rebased due to Launch, from what i learn, rebase was mean “Total amount of token will decreased”.So my question is will my AURIC token which part of token supply also dissapear because of your rebased?
Your Github states that the main token contract is AUSCM cloned from YAMv3 (who cloned from Compound) and 2 of your major Protocol features are On-Chain Governance and Dedicated Governance Treasury. How does the above 2 features work in your protocol with regard to functioning and user’s participation in Governance? Should investors be worried about any possible Governance vulnerabilities issues?
Which economic mechanisms used in auric network .. and why gold
Could you tell me more about the #AUSCM futuristic cascade rewards program? What are the requirements to be rewarded? How it different from the other liquidity rewards program currently in the market ? Do you plan to list the token on lending/borrowing platforms ?
How will you ensure sustainability and participate in the liquidity pool to encourage users to continue providing liquidity?
How will yield mining be implemented for LP tokens and core assets, and how will this system make a difference to other farming practices?
How will community governance be implemented to support the stability and growth of the protocol, and what rights will users have in governance?
Why your offical site not running your team ?
WHAT are the real life use case of AUSCM token?
I read that Auric Token will be pegged to 1mg of gold. My question
is why was the price of the token now reach beyond $.06 ?
How do you protect your investors and want are your ways to avoid rugs and loopholes of your project?
How much money did you prepare for the initial AUSCM campaign? Does the AUSCM have a distribution program like giving Airdrops to the community?
Its look like Auric’s Liquidity keep decreasing from $350k to $170k, could you please tell me the reason? And what will your team do to prevent this keep happen?
The price of the (AUSCM) is linked to the TOTAL market capitalization of all crypto-currencies, but how do they protect the assets of their users when there is a major fluctuation in the market and it suffers a collapse?
Why did you choose rebasing method for Auric token? What advantage you see when using Rebase? Can you describe the Rebase system in Auric?
According to your medium,Auric ticker which is AUSCM is pronounced as‘awesome’.Literally,how awesome is Auric? Can you explain the structure of Auric ecosystem? How rich is founder of Auric? Since you are dealing with gold and I see in medium if I’m not mistaken it’s the founder of Auric that wear almost all gold in his body.
Where did the idea of basing your protocol on gold come from? Where do they take reference value?
What does AUSCM mean? What are the uses of this token?
What are all the ways to invest in Auric?
Auric is not the first project that I find that applies the rebase or the elastic supply to balance the price. Is there any difference between you and the other projects that are already in the market?
First time I hear this about synthetic money, could you explain to us what it is based on and what are its advantages compared to the ones we already know?
What strategies or mechanisms does Auric plan to implement to preserve the value of AUSCM?
Gold is a relatively stable asset unlike many cryptocurrency, so why implement Rebase in Auric?
On your website you talk about “a secondary reward group that encourages users to continue providing liquidity”. Can you explain what this is about, and how much is that reward?
AUSCM will be exchangeable for physical gold in partnership with a publicly listed COMPANY, can you share to us what are these publicly listed companies? Do they belong to the prominent global companies?
Auric is a gold-based synthetic commodity money. But do you think a negative impact? The price of gold rose from 1860 to 1900, and the price of AUSCM fell from 0.0186 to 0.0156 why such an impact.?
If AUSCM will be exchangeable for physical gold in the coming days, could we also exchange physical gold for AUSCM? Like vise versa?
AUSCM start with an initial supply of 30 million tokens, 56% of which is used to reward farmers via initial staking rewards pool (AKA Yield), the remaining 44% is reserve for what? How will you distribute it?
Good morning team Auric, I would like to know what incentives you offer for the tokens holders.
The target price does not reference USD or any FIAT. Instead, it is based on GOLD.
Why did you chose based on GOLD as a reference on target price? What does your project (AURIC) aims to achieve?
What are the most innovative aspects that Auric takes for the technological renovation of the DeFi space?
Is Auric a synthetic money that does not depend on the current world currency?
If it is an Auric Gold coin, how do they make a fair distribution through mining?
Can I participate in the secondary reward pool that provides liquidity on the Auric platform?
On what basis is the price of Auric attached?
Is it true that AURIC was built for actual use as an experimental decentralized currency?
Auric decides to based its price or value on GOLD. Why did you based your project on one commodity. Is it not possible to choose 2 or more precious metals to back-up your Platform?
“AURIC was built for actual use as an experimental, self-governing, self-sustaining, decentralized currency”
Experiments have a chance to fail. As your project is an experimental one, is there any insurance policy that Auric offers on their investors to this unfortunate scenario?
Tell us about a community-run treasury, how much money is in it and for what purposes it can be spent? Can a pump be funded?Can they finance the pump?
Auric have an initial supply of 30 million tokens. On which 56% will be rewarded to yield farmers, 4% for tokensale that makes it 60%. Where will be the remaining 40% of AUSCM allocated?
The platform works by an expansion or contraction of token supply at a predetermined time and subsequently regular intervals (every 12 hours, over a period of 5.45 days for each rebase), based on where AUSCM is trading relative to the price of 10mg of gold. Why the 5.45 days ? What’s the maximum positive/negative rebase % ?
Whats the most fetured,enhanced encryption mode used in AURIC to stay away from thieves?
Explain the major obstacls faced for setting up AURIC?
What is the plan of action,to make visible, convenient for public users?
Does it compete with any others with?
Do you have Negative Rebase (Debase) in your system which is usually thought to be a reason for users to lose money?
AUSCM is a longer token name comparatively. Why did you choose that name, does it have a specific meaning?
In crypto market there are to many currency tokens but only several gold based. So why did you prefer to have project based on Gold? Do you think to it is easier or harder to success with a gold project?
AUSCMs will be used to buy real gold below market price… What mechanisms do you have in place to ensure that the price of AUSCM always remains below the price of Gold
You have a Dedicated Governance Treasury can you explain how this works
Why did you Change your rebase reference price from the oracle price of 10mg of gold to 1mg of gold (approx. $0.61 to $0.061).
What is different between your project and some other projects who have generic platform like Synthetix ? They can easily get into your use case, am i right ? who are your competitors right now?