6. AUC Digital Asset
Last updated
Last updated
The digital assets of the Advanced Project consist of the AUC Token and en-Cash digital currency, which are utilized as various means of payment, remittance, and reward within the ecosystem.
The AUC Token is an ERC-20 based token that is listed on global virtual asset exchanges and freely traded on the market with value volatility. Additionally, by implementing LayerZero Technology, ERC-20 based AUC Token can be now bridged to AUCa (Avalanche Network) and AUCb (Base Network). AUCa will be utilized as means of payment and remittance and AUCb will be utilized as means of rewards in WEB 3.0 AUC ecosystem.
The Advanced Project's WEB 2.0 digital currency, en-Cash, is issued and managed through the digital currency management system of the AUC ecosystem and is pegged 1:1 with the legal currency of South Africa, RAND(ZAR). Through this, en-Cash can be applied to actual business such as cross-border remittances and payments and can maintain stable value. The pegging of en-Cash is transparent, and the amount of RAND deposited in the escrow account and the total amount of en-Cash issued are always the same.
Both AUC Token and en-Cash can be utilized by partners within the AUC ecosystem.
