In response to the press launch, AUSCM will make it simpler to take financial shelter in gold. The token isn’t just meant to be a refuge for the Ethereum DeFi group, but additionally broader society.
Joseph Lee, CEO of BMV Korea, talked about current geopolitical and financial uncertainties and in the present day’s unprecedented ranges of demand for gold earlier than stating, “We’re happy to companion with the Auric Community and Mine Basis to broaden entry to gold. The token is actually a breakthrough in monetary know-how and we’re excited for the long run.”
BMV’s gold-rich mines positioned in South Korea have been inactive because the 1970s attributable to legislative choices to pivot away from mining to know-how. Latest geological assessments have revealed practically four million tons of ready-to-mine gold.
“Because the preliminary assessments, we’ve found a variety of extra veins of gold that proceed past what we anticipated,” Joseph Lee reviews. “Sharing entry to those sources whereas offering an alternate funding supply for the general public is a win-win.”