Asset verification and Audit
1. Token Value Peg
Each 1 AGT token is equivalent to 1 gram of physical gold.
- Ensures direct 1:1 linkage to real-world assets
- Enables stable and transparent gold-backed asset operations
2. Gold Custody and Storage
- Physical gold is securely stored in high-security vaults or held by professional custodian institutions
- External auditing firms or accounting agencies are engaged for regular inspections
3. Audit Schedule and Procedures
- Audit Frequency: Quarterly or semi-annually
- Audit Items Include:
- Physical gold inspection (weight, purity, serial number)
- Financial report verification
- Consistency check between minted AGT supply and gold reserves
4. Verification Process
- On-site inspections for gold verification
- Documentation audit: contracts, transaction logs, buy/sell records
- Smart contract verification:
- Number of Token issued, locked, or burned
5. Pegging Structure Assurance
- Maintains a 1 AGT = 1 gram of gold peg at all times
- upports price stability and user confidence
6. Public Audit Reports
- Audit outcomes are published in quarterly reports
- Reports include:
- Total gold reserves
- Date and agency of the audit
- Summary of audit procedures
- Identified issues and improvement recommendations
7. Proof of Reserves (PoR) System
- Implements an on-chain PoR system
- Real-time publication of key data: gold reserves, AGT token supply
- Automated data updates triggered by large transactions
8. AMA & Public Disclosure
- After audit results are published, an AMA or public Q&A session is held
- Encourage community and stakeholder engagement
- Major structural changes are subject to governance voting
- (e.g., audit/custodian changes)
9, Transparency & Trust-Based Governance
- AGT's peg stability and trust are systemically guaranteed
- ARW tokens are used to encourage governance participation and reinforce transparency
- Aims to establish global user confidence through consistent and verifiable practices