AGX Coin

AGX Coin is a type of stablecoin, each unit of which is backed by one gram of silver. This digital silver asset is redeemable for physical silver, making it a distinctive asset in the cryptocurrency space. AGX Coins are considered utility tokens in most jurisdictions, functioning as pickup slips or warehouse receipts for physical metal. This unique characteristic of AGX Coin seeks to redefine monetary systems by integrating the stability of precious metals with the flexibility and accessibility of digital currencies.

AGX Coin operates on the principle of tokenization, where each coin represents a specific amount of a physical asset, in this case, silver. Each AGX Coin is 100% backed by one gram of vaulted, audited, and insured 99.99% silver. This backing provides a level of stability to the coin, as it is tied to the value of a tangible asset. The coins are redeemable for physical silver on request, in increments of 100 troy ounces. This process is facilitated by robust blockchain technology, which ensures a trusted and transparent form of asset exchange.

AGX Coin seeks to facilitate global access to silver through stablecoin innovation. As a digital form of silver asset, AGX Coin can be used as a medium of exchange that transacts globally, providing a borderless medium of exchange. It is designed to be simple and easy to use, with straightforward fees and no restrictions, making it accessible for anyone, anywhere, anytime. Additionally, the coin's redeemability for precious metals enhances its utility, offering a unique blend of digital and physical asset benefits.

AGX Coin is a part of the LODE Project, a monetary system backed by silver and gold. The LODE Project seeks to redefine monetary systems by integrating digital currencies with precious metals. The project's ecosystem includes AGX Coin, AUX Coin (a coin backed by gold), and LODE Tokens. The LODE Project has a global reach, with active members worldwide. The project's vision, combined with the unique characteristics of AGX Coin, has led to the creation of a distinctive asset in the cryptocurrency space.