Auric Network and Bluebird Merchant Ventures (LSE: BMV) Partner to Provide Gold at a Discounted Price
04 Noviembre 2020 - 01:47PM
Business Wire
A blockchain innovation group and London
exchange listed mining company partner to give the public access to
gold below market price.
Auric Network Limited (“Auric”), the Hong Kong based blockchain
innovation group announces a partnership with Bluebird Merchant
Ventures Limited (“BMV”), a publicly listed mining company
(LSE:BMV), to give public access to gold ownership at 15% below
market price.
BMV’s goldmines, located in South Korea, have been inactive
since the 1970s largely due to policy directions adopted by the
Korean government that triggered the nation’s industrial
revolution. According to the Korean government, the mines contain
nearly 800,000 ounces (or over $1.5 billion USD) of ready-to-mine
gold, with a geological upside defined in the millions of
ounces.
Joseph Lee, CEO of BMV Korea, states, “Through our efforts we
have been able to build on the work done by the Korean government
in the 1970’s and revive these mines due to vast improvements in
geological understandings and technology. There is a lot of unmined
gold.”
In the post-COVID world, where global economies are
characterized by uncertainty, the public has seen unprecedented
levels of demand and interest in gold as a more stable investment
asset. However, the lowest market prices of gold are generally
unattainable to the general public.
Auric operates a blockchain protocol with its native token,
AUSCM, which was conceived in partnership with BMV and Mine
Foundation, a commodities investment marketplace. It can soon be
exchanged for physical gold at a discounted price. The prerequisite
to accessing this opportunity is holding a minimum balance of
AUSCMs.
“We are pleased to partner with Auric Network and Mine
Foundation to allow everyday people to have access to the
economically transformative opportunities presented through
physical gold ownership,” Lee reports. “Giving the general public
an opportunity to participate in releasing value from the mines as
well as give access to an otherwise inaccessible asset class is a
win for the average person.”
Currently, Auric Network is listed on Uniswap.org, a
blockchain-based exchange. To learn more, follow Auric Network on
Twitter at @auric_network and BMW at @bluebirdIR.
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version on businesswire.com: https://www.businesswire.com/news/home/20201104005625/en/
Joseph Lee Bluebird Merchant Ventures Limited +82 10 5369 0913
joseph.lee@bmv.co.kr
Bluebird Merchant Ventures (LSE:BMV)
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