AIRIC Gold is a digital asset offered by New Work Digital Investment Group (NEWDIG) | AIRIC Investment Group LLC
Each token is backed by 31.1034768 grams (one fine troy ounce) of a gold bar, stored in AIRIC’s vaults.
AIRIC Gold
A digital token, backed by physical gold
Securely buy, sell, trade and store gold that only you control
If you own AIRIC Gold, you own the underlying physical gold, held in custody by
New Work Digital Investment Group (NEWDIG) | AIRIC Investment Group LLC
Comparison Table
Advantages at a glance: comparison of different gold products
| AIRIC GOLD | Major Gold ETFs | Gold Futures (COMEX) | Retail physical gold coins, bars | LBMA 400 t oz gold bar | Unallocated Gold | Other gold tokens | |
|---|---|---|---|---|---|---|---|
| Custody Fees | NO CUSTODY FEE Only Purchase fee 3,5% |
19-40 bps per annum | N/A | 10-100 bps per annum | 5-25 bps per annum | 0-10 bps per annum | Up to 100 bps per annum |
| Minimum Purchase | 0.0002834952 gram (0.01 t oz) ~$20 | 1 share (currently $200) | 1 contract (100 t oz = ~$200K) | Variable | Typically ~$800K minimum per bar | Variable | Variable |
| Time to Settle | INSTANT* | T+2 days | Expiration date | T to T+5 | T+2 | T+2 | Instant |
| Allocated | ✔︎ | Variable | ✗︎ | ✔︎ | ✔︎ | ✗︎ | Variable |
| Instantly Redeemable for Physical | ✔︎ | ✗︎ | ✗︎ | ✔︎ | ✔︎ | ✗︎ | Variable |
| Regulated | ✔︎ | SEC and equivalents | CFTC | ✗︎ | ✗︎ | ✗︎ | ✗︎ |
* Typical on-chain transactions for AIRIC Gold moving on BSC settle near instantly. When you purchase AIRIC GOLD from AIRIC Financial Platform, tokens will typically be minted and delivered the same day (some larger transactions will settle the next business day).
AIRIC Gold BSC Smart Contract
Token symbol: ARIG
Smart Contract address: Coming soon
Decimals: 18
Frequently Asked Questions
What is AIRIC Gold?
AIRIC Gold is a digital asset offered by New Work Digital Investment Group (NEWDIG) | AIRIC Investment Group LLC. One AIRIC Gold token represents 31.1034768 grams (one fine troy ounce) of gold.
Can I get a fractional amount of a AIRIC Gold token?
Yes. It is possible to own tiny fractions of a token, which are divisible out to 18 decimal points. If you purchase AIRIC Gold directly from AIRIC Financial Platform, the minimum purchase is 0.01 AIRIC Gold (1% of an AIRIC Gold token – or roughly $15).
What is the benefit of having physical assets on a blockchain?
Owning physical assets on the blockchain provides you with the combined benefits of both physical and digital assets. As an AIRIC Gold token holder, you will be able to enjoy ownership of gold while avoiding drawbacks associated with physical gold, such as high storage costs and limited accessibility.
What does allocated and unallocated gold mean?
When a customer trades for allocated gold bars, they receive ownership rights to specific gold bars that are held in a precious metal dealer’s vault on the customer’s behalf. Allocated gold is identifiable with a unique serial number, purity, and weighting for each bar.
When a customer trades for unallocated gold, they do not have actual ownership over specific gold bars; instead, they have a general entitlement to a certain quantity of gold that an institution promises to deliver. This is hypothetical gold and is a liability of the institution that one has a claim against. This is similar to the way a traditional bank operates – customers don’t own specific notes, but rather they have a credit that can be paid out upon request.
What are the fees associated with AIRIC Gold?
Whenever you buy or sell AIRIC Gold from your AIRIC account (on either the wallet or AIRIC backend area), AIRIC charges 3,5% to process both the creation and destruction of AIRIC Gold tokens (see fee schedule below). This includes all sales or conversions of AIRIC Gold to or from USD.
Whenever AIRIC Gold tokens are sent via BSC network, AIRIC charges a small (0.02%) transaction fee, and the BSC network charges nominal gas fees (in Ethereum).
What are on-chain transaction fees? Are they the same thing as 'gas'?
Sending an AIRIC Gold token from one BEP-20 address to another, such as when moving funds from a wallet to an exchange, is an on-chain transaction; possession of the token is transferred and recorded on the BSC blockchain.
There are two kinds of fees that occur when you send AIRIC on the blockchain:
- Standard ‘gas’ fee: Sending digital assets on BSC, requires computing power, or ‘gas.’ Just like any other BSC token, AIRIC Gold requires standard gas fees paid in BSC to compute the transaction.
- AIRIC Gold on-chain transaction fee: AIRIC Gold has an additional fee. That fee is set to 0.02% of the amount of AIRIC Gold sent on the blockchain.
For example, if you want to send 10 AIRIC Gold from one BSC address to another, and you want to ensure that the receiver gets at least 10 AIRIC after fees, you should send at least 10.0020004001 AIRIC Gold total to cover the cost of the on-chain transaction fee. If you initiated a transfer of 10 AIRIC Gold, the receiver would get 9.998 AIRIC Gold after fees.
