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These AUROX Token Terms and Conditions (the “AUROX Token Terms”) govern the issuance, holding, transfer, minting and redemption of the AUROX token (ticker: AUROX).
The AUROX token (the “AUROX Token”) is an ERC-20 cryptographic token issued by Aurox (BVI) Limited, a company incorporated under the laws of the British Virgin Islands (the “Token Issuer”).
Each AUROX Token represents legal and beneficial ownership of 0.001 troy ounce of London Bullion Market Association (“LBMA”) gold (“LBMA Gold”).
The LBMA Gold backing the AUROX Tokens is maintained on an allocated basis in Hong Kong at vault facilities operated by Brink’s Hong Kong. Custody operations are performed by Matrix Infinitus Hong Kong Limited (“Matrix HK”) and such other custody or operational entities as may be engaged by the Token Issuer from time to time (each a “Matrix Entity”).
The Token Issuer has additionally appointed Lofivista (Hong Kong) Limited (“Lofivista”) as its gold acquisition and settlement agent, responsible for coordinating gold purchases, sales, settlement, and delivery-related services as applicable.
The Token Issuer, Matrix HK, the Matrix Entities and Lofivista are collectively referred to as the “AUROX Parties,” “we,” “us,” or “our.”
The AUROX Token is redeemable, subject to these AUROX Token Terms, for:
● a corresponding amount of physical LBMA Gold, or
● supported U.S. dollar-denominated stablecoins (“Supported Stablecoins”).
These AUROX Token Terms form a legally binding agreement between the AUROX Parties and you, whether acting personally or on behalf of an entity (“you” or “your”), as a user of the AUROX Token Services.
BY ACQUIRING, HOLDING, TRANSFERRING, MINTING, REDEEMING OR OTHERWISE USING AUROX TOKENS, YOU AGREE TO BE BOUND BY THESE AUROX TOKEN TERMS.
IF YOU DO NOT AGREE, YOU MUST IMMEDIATELY DISCONTINUE ALL USE OF THE AUROX TOKEN SERVICES.
SECTION 14 CONTAINS A BINDING ARBITRATION AGREEMENT, CLASS ACTION WAIVER AND JURY TRIAL WAIVER.
You represent and warrant that:
2.1.1 You maintain an account or wallet approved by the AUROX Parties;
2.1.2 You satisfy any investor accreditation or qualification requirements applicable in your jurisdiction;
2.1.3 You are at least eighteen (18) years of age, or otherwise of legal age to enter binding contracts;
2.1.4 You are not, and are not owned or controlled by, and are not acting on behalf of, any person or entity subject to economic or trade sanctions administered by OFAC, the U.S. Department of State, the U.S. Department of Commerce, or any other relevant authority, or located in a sanctioned jurisdiction including Russia, Crimea, Cuba, Iran, North Korea or Syria (each, a “Restricted Person”);
2.1.5 You are not using AUROX Tokens on behalf of a Restricted Person; and
2.1.6 You are not located in any jurisdiction in which the offer, sale or use of AUROX Tokens is prohibited.
The AUROX Parties may require additional information or verification at any time to confirm continued eligibility.
3.1.1 The AUROX Token is an ERC-20 cryptographic token made available on one or more blockchain networks and is divisible down to seven (7) decimal places.
3.1.2 Each (1) AUROX Token corresponds to 0.001 troy ounce of LBMA Gold.
3.1.3 AUROX Tokens are transferable only to persons that satisfy these AUROX Token Terms.
3.1.4 No transfer fee is charged by the Token Issuer for standard on-chain transfers of AUROX Tokens; however, blockchain network (“gas”) fees apply.
3.2.1 The LBMA Gold backing AUROX Tokens (the “Underlying Assets”) is held on an allocated basis at Brink’s Hong Kong.
3.2.2 The Underlying Assets are held in the name of a Matrix Entity as bailee on behalf of AUROX Token holders.
3.2.3 Upon acquiring AUROX Tokens, you hold an electronic document of title to the corresponding portion of the Underlying Assets.
AUROX Tokens are redeemable in accordance with Section 5.
4.1 AUROX Tokens are minted exclusively by the Token Issuer in exchange for contributions of LBMA Gold and/or Supported Stablecoins.
4.2 If you contribute LBMA Gold, you must provide documentation sufficient to demonstrate compliance with LBMA standards, as determined in the AUROX Parties’ sole discretion. Any refining, assay, logistics or related fees are borne entirely by you.
4.3 If you contribute Supported Stablecoins, you must deliver such Supported Stablecoins to an Aurox-designated entity (each, an “Aurox Entity”) from your approved account or from a wallet address approved and whitelisted by the AUROX Parties, in accordance with the applicable deposit instructions.
4.4 Prior to minting, you will receive a binding quote (a “Quote”) setting out pricing, quantities and applicable fees. Quotes must be accepted within the specified timeframe.
4.5 Upon Quote acceptance and receipt and acceptance of assets, the Token Issuer will mint and deliver AUROX Tokens on a T+3 settlement cycle. Minting transactions are final and irreversible once marked complete or pending.
4.6 Ownership of AUROX Tokens does not confer any equity, partnership or ownership interest in any AUROX Party.
4.7 The AUROX Parties may reject, suspend, cancel or reverse minting requests if reasonably necessary for legal, compliance, technical, pricing or security reasons.
5.1 You may initiate redemption at any time, subject to these AUROX Token Terms. The full quantity of AUROX Tokens to be redeemed must be held in your approved account or wallet.
5.2 Redemption requirements may be imposed or updated from time to time by the AUROX Parties.
5.3 Upon submission of a redemption request, you will receive a Quote specifying redemption value and applicable fees.
5.4 After Quote acceptance and receipt of the AUROX Tokens to be redeemed, the Token Issuer will burn such tokens and instruct the relevant AUROX Parties (including, where applicable, an Aurox Entity, Lofivista and/or a Matrix Entity) to:
(a) deliver a corresponding amount of physical LBMA Gold to a vault account in your name at Brink’s Hong Kong; or
(b) credit Supported Stablecoins to your approved account or approved wallet address in an amount equivalent to the redemption value, less applicable fees and transaction costs.
5.5 Where LBMA Gold is delivered to a Brink’s Hong Kong vault account in your name, you may arrange in-person collection subject to Brink’s Hong Kong’s identity verification and release procedures.
5.6 Redemption transactions are final and irreversible once marked complete or pending.
The AUROX Parties may suspend or terminate access to AUROX Token Services where required by law, regulatory obligation, compliance risk, or operational necessity.
In the event of insolvency or cessation of services, the AUROX Parties will use commercially reasonable efforts to conduct an orderly wind-down, including facilitating redemption or liquidation of AUROX Tokens.
7.1 You are responsible for all blockchain network fees.
7.2 You are solely responsible for all taxes, duties, levies or VAT arising from your use of AUROX Tokens.
You acknowledge risks including, without limitation:
● gold price volatility,
● blockchain failures or forks,
● smart-contract vulnerabilities,
● regulatory uncertainty,
● vault seizure or force majeure events,
● lack of deposit insurance or guaranteed liquidity.
AUROX Tokens are not bank deposits and carry no guaranteed value.
You agree to comply with all applicable laws and not to use AUROX Tokens for unlawful, sanctioned or fraudulent purposes.
10.1 The Underlying Assets are held at Brink’s Hong Kong for the account of a Matrix Entity acting as bailee for the Token Issuer.
10.2 Lofivista acts as the Token Issuer’s gold acquisition and settlement agent.
10.3 No custodial or contractual relationship exists between you and Brink’s or any other Vault Provider.
These AUROX Token Terms remain in effect until terminated. Breach results in immediate termination without notice.
AUROX Token Services are provided “AS IS” and “AS AVAILABLE.”
Liability is limited to the maximum extent permitted by law.
You agree to indemnify and hold harmless the AUROX Parties from claims arising from your breach, misuse or unlawful conduct.
All disputes shall be resolved by binding arbitration in Road Town, Tortola, British Virgin Islands, under BVI law, before a single arbitrator administered by the BVI International Arbitration Centre (BVI IAC).
Class actions and jury trials are waived.
Notices may be provided electronically.
Support contact: support@aurox.com (or successor address).
Includes amendments, electronic communications, waiver, cumulative remedies, severability, force majeure, assignment, relationship of parties, governing law (BVI), entire agreement, survival and no third-party beneficiaries.