AurusX (AX) is a token, that can be staked in the Aurus mobile app. Staking of AX earns you rewards in tGOLD, tSILVER, and tPLATINUM tokens. Those metal named tokens are backed by a gram of physically gold, silver and platinum for each token.
Ths token is launched end of februari on MEXC. Where it is lanched via the kickstarter. A total amount of 15500 tokens is airdropped to the holders of MX tokens who are voting for this project.
The about us page on the webiste shows a lot people working for Aurus, and many advisors as well. Many names show people come from the Netherlands.
AurusX can be staked in the app of Aurus earning you tokens representing Gold Silver and Platina.
AurusX is an ERC20 token on Ethereum. The maximum amount of AX tokens is 30 million.
AurusX token explorer
As far as i can see , behind this token there is a company with a focus on trading metals, silver gold and platina.
These precious metals are tokenized on the Etherium blockchain.
Good thing, tokens for silver gold and platinum can be traded on chain.
But for someone who wants to own metals for unforseen conditions, it is to prefer to hold the real thing and not tokens. Too many things can happen making the token useless and worthless compared to gold and silver coins for example.