AUSD is one of the decentralized US dollar stablecoins issued by APPEAL DOLLAR INC., a digital dollar company registered in New York, USA. AUSD is regulated and protected by U.S. law, and is regularly audited by an independent third-party agency. It is a highly transparent digital stablecoin anchored to the U.S. dollar at 1:1. AUSD is committed to becoming a bridge between assets in the real world and the digital world of the blockchain, so as to inject stronger vitality into the global economy and give new value to various assets around the world.

About "stablecoins"

The concept of "stable currency" first appeared in the "Second Bitcoin White Paper" (Second Bitcoin White Paper) written by JR Willett in 2012. Over the past year or so, more and more "stablecoins" have entered the cryptoeconomy, with some arguing that stablecoins are a necessary part of the future of blockchain technology.

According to the statistics of the "10 Billion Research Institute", at present, there are three types of stablecoins on the market in a broad sense: one is anchored to centralized assets such as the US dollar and gold, represented by USDT, DGD, TUSD, and GUSD ; The second is to use N times encrypted assets (bit shares, Ethereum) as collateral, representing BitCNY and DAI, and the third is Seignorage Shares and Basis whose currency value is controlled by algorithms. Stablecoins in the narrow sense generally refer to the first type of digital currency in the broad sense.

Project Introduction

AUSD is one of the global decentralized US dollar stablecoins issued by APPEAL DOLLAR INC., a digital dollar company registered in New York, USA. AUSD is regulated and protected by U.S. law, and is regularly audited by an independent third-party agency. It is a highly transparent digital stablecoin anchored to the U.S. dollar at 1:1. AUSD is committed to becoming a bridge between assets in the real world and the digital world of the blockchain, so as to inject stronger vitality into the global economy and give new value to various assets around the world.

As one of the world's fully decentralized stablecoins, AUSD pioneered the POA (Proof of authority) consensus mechanism, which is driven by artificial intelligence and supported by the underlying system of Ethereum. It will perfectly balance finance and Technology capacity and scalability. Developed by an award-winning team based on innovation, AUSD perfectly solves the legacy issues of regulation and decentralization of previous generations of stablecoins such as USDT and DigitalUSD. Only authenticated users, rather than their own stakeholders, dominate the financial strategy of AUSD, thus ensuring the stability of cryptocurrency prices.

AUSD uses the POA authority proof consensus protocol to form a stable currency that is accurate, dynamic, user-centric and free from external interference. This stable currency will not be manipulated by any external financial system. This "diversified ObeliskToken" calculation method was founded by Hang Wu. While being used to ensure the security and Turing completeness of tokens, it can also effectively ensure the realization of its scalability and zero fault tolerance.

AUSD is a digital currency derived from the pure blood of Wall Street. It is a digital currency that "anchors the US dollar 1:1 exchange and is a fully audited stable currency.

Why should users choose AUSD?

1. The invested funds will be deposited in Citibank and will not be embezzled

The principle of AUSD is "never touch users' funds". AUSD adopts third-party custody, compliant operation, and holders are strictly protected. When a user wants to buy AUSD on the official website, he first wires USD to the trust company and sends the receiving address. After the trust company receives the money, it sends an execution message to the smart contract. The smart contract sends AUSD directly to the user's wallet, and the AUSD team cannot obtain any custody funds. , nor participate in the transfer of custody funds. The fund custodian of AUSD is bound by US law, and token holders will receive full legal protection as beneficiaries of the fund. AUSD is issued in cooperation with a third-party trust company, which means that regardless of the AUSD company, AUSD holders can exchange for dollars through the trust company.

APPEAL DOLLAR INC is the entity company that AUSD manages AUSD and has been registered as a currency service business through the company registration department of the New York government. As a regulated and compliant company, AUSD will protect AUSD holders through a strong anti-money laundering (AML) compliance program, and strongly prevent fraud and money laundering incidents.

2. Open and transparent, monthly public audit

AUSD discloses the amount of funds held in the account and accepts monthly audits by third-party professional organizations. AUSD has commissioned a world-renowned accounting firm to audit bank account funds, and issued an audit report every month to ensure that each AUSD in circulation has a 1:1 anchor relationship with the US dollar in a third-party escrow account.

In addition, all users can log in to the smart contract address to compare the account balance and issuance quantity when the latest audit report is released, and monitor whether AUSD is overissued.

3. The smart contract is fully mortgaged, safe and stable

First of all, AUSD is a regulated and fully decentralized stable currency that is not controlled by any centralized exchange or other stakeholders, which makes AUSD independent of any one exchange and the most customer-centric in the world stablecoins. This feature gives AUSD more scenarios in any exchange and over-the-counter transactions than any other stablecoin, and is expected to make AUSD the stablecoin with the most liquidity and the largest actual trading volume in the market.

In addition, AUSD can be converted into US dollars 1:1 at any time. After the official listing and trading, the report of the third-party accounting firm will be released every month to ensure its safety and stability.

How does AUSD ensure currency price stability?

Any organization or individual can convert AUSD into US dollars as long as they hold an AUSD account that has passed the standard KYC/AML verification. The corresponding AUSD will be automatically destroyed when it is converted into U.S. dollars, so as to dynamically maintain the 1:1 anchor relationship between AUSD and U.S. dollars.

If AUSD is lower than 1 US dollar, traders can buy it on the exchange at a price lower than its convertible value, and convert it into US dollars at a 1:1 anchor ratio. This process is a legal redemption process. According to US law, traders have the legal right to convert AUSD held in third-party bank accounts into US dollars at any time. In this way, the market will reach a balance to ensure that the price of AUSD is always accurate Anchored at $1.

How is AUSD different from other stablecoins?

The principle of AUSD is to never touch the user's funds. Funds are deposited in a third-party bank account to ensure that AUSD and the AUSD team have no control over funds.

AUSD uses smart contracts, regular public audits, etc. to ensure the security and transparency of user funds, and always maintains the 1:1 anchor between AUSD and the US dollar.

AUSD is the only stable currency that is not controlled by a centralized trading institution, and it is also the only stable currency that has passed multiple audits by US and Chinese security companies.

Related links:

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