You drink coffee, I own gold.
This opinion has been contributed by one of our AUSCM community members.
People drink coffee like it’s water. Americans, in particular, consume about three cups of coffee every day per person and lead the world in coffee consumption. New Yorkers, in particular, drink 6.7 times the amount of coffee consumed by the average denizen of any other U.S. city. Your parents, your friends, your colleagues, nearly everyone including millennials and Gen Z call it their drink of choice. You’re probably drinking a cup right now as you read this.
Although there is considerable value in a cup of coffee, it is undeniably expensive. Consider the costs of my morning coffee routine.
I order three grande cafe americanos a day in the name of productivity and let’s just say that a cup is worth $3 before tax. Since I drink three cups, the total consumption rate would yield $9 per day. In a work-week (5 days) that would amount to $45. In a year, the total cost of my coffee consumption would accumulate to $2,340 USD.
But, what if instead of spending $2,340 for a grande americano at your local cafe every year, that money was put towards investing? Better yet, what if you allocated the funds into a superior commodity…
Gold vs. “Digital Gold”
Gold has maintained its stature as a store of value and medium of exchange for millennia during times of uncertainty. Bitcoin is digital gold and has done well to position itself in competition with physical gold by offering limited supply, immutability, and divisibility through the blockchain.
But in the case of Bitcoin, there exists a major pitfall for new investors — who can afford it? Its recognition as digital gold is largely a function of first-mover advantage and symbolic branding. Perhaps Bitcoin has my attention, but my $2,340 wouldn’t go very far.
In the midst of the pandemic, uncertainty has inevitably induced the need for the wider availability of safe asset classes that do not fluctuate in value based on socio-political or macro-economic factors and that are accessible to anyone holding $1 in their bank account.
AUSCM, a Store of Value for Everyone
Auric Network’s AUSCM is positioned at the intersection of the physical and digital worlds of gold. AUSCM is a stable, elastic digital currency that references market gold price; the system will automatically correct itself towards equilibrium, or rebase, should the price deviate +/- 5% of gold. For the rational investor, rebasing will essentially enable the price of each AUSCM to return to the market price of gold, avoiding an economic death spiral altogether. Rebasing, coupled with lucrative incentives for liquidity provision and physical redeemability of gold are what make AUSCM, awesome.
Now, wouldn’t it be AUSCM to invest in a stable, value appreciating asset, which grows ever more valuable as the number of network participants grow?
What was available in chunks at exorbitant rates is now available to the masses, even as a fractional investment. Bitcoin is undeniably digital gold but wouldn’t it be just #AUSCM, on the other hand, to obtain the best of both worlds at once? AUSCMs are synthetic money with their value tied to that of gold and the growth of the network.
More AUSCMs, more value: It’s as simple as that.
Many thanks to one of our AUSCM community members for this contribution. If you’d like to see your thoughts on AUSCM published on our Medium blog, start by filling out an Ambassador application. We’d love to hear from you.
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Disclaimer: AUSCM is not an investment product. It is not intended in its design or distribution to be utilized as a form of investment, speculation, or a financial product. No communications from Auric Network Limited to users constitute financial advice, a solicitation for investment, or a guarantee of a financial return. Please do your own research and investigation before participating in this project.
