AgAu AG

AgAu : “The Peer-to-Peer, Electronic Money System” is a Swiss based company founded in 2018 by Thierry Arys Ruiz. AgAu’s name is derived from the merger of the two atomic symbols “Ag” ( ₳g for Silver) and “Au” ( ₳u for Gold). AgAu has built an advanced technology on the Ethereum Blockchain to issue stable ERC20 compatible tokens. Each of the AgAu tokens are backed 1 to 1 and represent the direct property of 1 gram of allocated good delivery standard LBMA (London Bullion Market Association) quality (99.99%) gold or silver; redeemable against physical gold and silver bars. AgAu uses blockchain and smart contract technology to obtain both: transparency and Immutability of decentralised data proving the integrity of assets (quality, quantity and direct property). In the White Paper [1], AgAu is defined as peer-to-peer electronic money in reference to Bitcoin, a peer-to-peer, electronic, cash system. The abstract first defines cash as part of the fiat system while gold is defined as historic money.