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      1. Home
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      5. Utility Tokens
      6. $AAG Ascension Argentum

      $AAG Ascension Argentum

      $AAG Ascension Argentum

      $AAG Ascension Argentum

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      Pegged to Silver (Ag) 1 AAG Token is equivalent to 1 Ounce of Silver.
      The AAG Token represents the Riley Economic System approach to integrating the intrinsic value of silver into the digital
      token ecosystem. AAG, which stands for Ascension Argentum, leverages the periodic table initials for silver (Ag) and aims to
      bridge the traditional store of value with modern financial technologies.
      Tokenomics: Pegged to Silver (Ag) 1 AAG Token is equivalent to 1 Ounce of Silver.
      Funding & Maintenance: To initiate and sustain the AAG token, financial support will be drawn from Ascension Sales and
      voting mechanism.
      Fee Structure: Within the Ascension ecosystem, any AAG votes will incur a 10% maker’s fee.
      Example: If an Ascension event has available funds of $10,000 and the AAG Token secures 20% of the vote, $2,000 will be
      designated for the AAG Token. From this, $200 (10%) will be earmarked for operations such as maintenance, warehousing,
      auditing, and ensuring security for the physical silver backing. The remaining $1,800 will be allocated to procure physical
      silver bullion.
      Minting Process
      Post acquisition of the physical silver bullion and its safe storage in our facility, it undergoes a precise weighing process.
      Ascension then mints AAG tokens equivalent to the weight (in ounces) of the acquired silver. Subsequently, these tokens will
      be proportionally distributed to ASC Token Holders based on their AAG votes delegated during the previous Ascent.

      Send Inquiry


      • ascensionindex.com/bullion/https://www.ascensionindex.com/bullion/
      • Whitepaperhttps://www.ascensionindex.com/wp-content/uploads/2024/01/Ascension-AAG-WP-v1.pdf
      • Trustlinehttps://xrpl.services/?issuer=rGrvEW7rmaLb7zoVTeLXHmjU8vp8P5CAAG¤cy=AAG&limit=100000
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