XAUt is a digital token, backed by physical gold
In cooperation with Tether Gold we are introducing crypto anti inflationary token XAUT Tether Gold (white paper) pegged to gold price. Now available for buy at all our ATMs in Panamá with cash.
History of Bitfinex
Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc, and is registered in the British Virgin Islands.[1][2] Bitfinex was founded in 2012. It was originally a peer-to-peer Bitcoin exchange, and later added support for other cryptocurrencies.
Bitfinex was one of the first professional platforms built for cryptocurrency trading. It offers high-volume trading and both spot and derivatives products, including exchange trading, margin trading, margin funding (P2P lending), over-the-counter markets, and derivatives trading.
Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange offering digital asset trading services to users worldwide. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies. It was one of the first professional platforms built for cryptocurrency trading (source Wikipedia)
History of Tether token
Tether is a cryptocurrency (a so-called stable coin) which Tether Limited had claimed to be pegged to the US dollar. Tether is closely associated with Bitfinex, with whom, as of 2018, they shared common shareholders and management (source Wikipedia)
Inflation and physical gold
Unlike fiat paper currency, coins or other assets, gold has maintained its value throughout the ages. People see gold as a way to pass on and preserve their wealth from one generation to the next.
Gold has historically been an excellent hedge against inflation because its price tends to rise when the cost-of-living increases. In this unprecedented time in which central banks print more money than ever, Gold is a great choice to store your wealth because of its scarcity.
The key to diversification is finding investments that are not closely correlated to one another; Gold has historically had a negative correlation to stocks and other financial instruments. Properly diversified investors combine Gold with stocks and bonds and crypto in a portfolio to reduce the overall volatility and risk (source Tether Gold).
Why to buy XAUT
Easy to Transport
Transporting physical gold is challenging, however, transporting your XAUt tokens is as easy as taking your other crypto-assets with you, whenever you need to.
Easy Divisibility
It’s difficult to split up your physical gold bars. However XAUt tokens are divisible into increments as small as 0.000001 fine troy ounce of gold.
24/7 Trading with Ease
Trading physical gold limits you to your location and trading hours. XAUt tokens however, can be traded 24/7, 365 days a year from anywhere in the world on exchanges that list XAUt Tokens.
Easily Redeemable
Should you ever want to redeem your XAUt tokens for physical gold, you can. We deliver physical gold bars to any address in Switzerland.
Easy Storage
Storing your physical gold can be expensive and can expose you to geopolitical risks. Storing your XAUt tokens is as easy as storing your other crypto-assets.
Easy Verifiable
All physical gold that backs XAUt tokens can be tracked on our website . At any point in time, you can verify your gold allocation in our vaults.
How to buy and store XAUT
XAUT could by bought by our ATMs with cash in Panama. Which is the easiest way how to buy crypto recommended especially for all beginners. With our partner Panama Vaults we are ready to help you, buy and store your crypto including XAUT in you own hardware wallet in the safe place inside the Panama Vaults.
XAUT is the ERC-20 based token so you can store it basically at all non-custodial Ethereum wallets like TREZOR or similar HW or software wallets you like. We recommend to stay safe and buy TREZOR. Like all Ethereum based ERC-20 tokens, for receive you don’t need to have ether in your wallet but for transfer tokens out of the wallet you need to have sufficient gas (ETH) to pay for the transaction. In TREZOR you can easily receive XAUT to your ETH deposit address just by showing your address QR code without need to travel to ATM with physical device. Inside the ETH wallet in the TREZOR just press ADD TOKEN.
And insert the token identifier “0x68749665FF8D2d112Fa859AA293F07A622782F38” (source for info etherscan.io).
Sell out for XAUT
Should you ever want to redeem your XAUt tokens for physical gold, you can. We deliver physical gold bars to any address in Switzerland or through our OTC desk in Panama city. You can exit or into cash or into physical certified gold we offer in our vault at the same place as OTC desk. Don’t hesitate to contact us.