Aureus Nummus Gold
Crypto Overview
Purpose and Utility
Aureus Nummus Gold (ANG) is a cryptocurrency that claims to be backed by gold, with each token supposedly representing a certain amount of physical gold. The project aims to provide a stable, gold-backed digital currency for international trade and value storage.
Business Model Assessment
The business model involves maintaining gold reserves to back the cryptocurrency tokens. While this concept itself aligns with Islamic principles of asset-backed currencies, the verification of actual gold reserves and their custody arrangements lacks transparency.
Real-World Adoption
Research indicates extremely limited real-world adoption and usage. There is minimal verifiable trading volume and little evidence of the token being used for its stated purpose in international trade.
Development Activity
The project shows minimal recent development activity. The technical documentation and updates are sparse, raising concerns about the project's ongoing maintenance and development.
Token Distribution and Governance
Information about token distribution, founder holdings, and governance structure is not clearly documented or transparently available. This lack of transparency about fundamental aspects of the project is concerning.
Crypto Impact
To assign a comfort level investing in Aureus Nummus Gold from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Aureus Nummus Gold.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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