FREQUENTLY ASKED QUESTIONS – FAQS
FREQUENTLY ASKED QUESTIONS – FAQs.
The same definitions and abbreviations used in the “Terms and Conditions” apply here as well, with no restrictions. The contents of the “Terms and Conditions” is an integral part of the “Frequently Asked Questions – FAQs” and vice versa. And the contents of the “Frequently Asked Questions – FAQs” is an integral part of the “Terms and Conditions” .
Are Canadian Persons excluded?
Please take note that since 2019 Canadian Persons are excluded from buying any securities or the Aureus Nummus Gold or any other crypto token from us. “Canadian Person” means any legal or natural person, which resides in Canada or which has his/her/its habitual presence in Canada. Canadian Person means also any person who is a national or resident of Canada, any corporation, partnership, or other entity created or organized in or under the laws of Canada or of any political subdivision thereof, or any estate or trust the income of which is subject to Canadian Federal income taxation, regardless of its source (other than any non-Canadian branch of any Canadian Person), and shall include any Canadian branch of a person other than a Canadian Person. Please note that this rule of exclusion is NOT an order imposed on us by any authority, but simply our own decision. This decision has been made by our directors with the objective to protect the Company, its clients, its employees and its related parties against possible negative consequences from having to maneuver in a constantly changing legal landscape regarding cryptocurrencies and related securities. As soon as a firm and above all reliable set of rules and laws will exist in Canada, we will open the sale of our tokens and Common Shares also to Canadian Persons in accordance with the law. A potential buying opportunity for Canadian Persons are the secondary markets. There are secondary markets over which we have no control; therefore Canadian Persons potentially can purchase on these secondary markets our securities, our tokens or the Aureus Nummus Gold, if permitted by law. Examples of these secondary markets are potentially the Probit Exchange, the Uniswap Exchange, LBank, the Vienna Stock Exchange and other exchanges mentioned on our website. Please note that potential buyers and investors on secondary markets are fully and solely responsible for the compliance with any laws. We decline any responsibility for buying, selling and trading activities on secondary markets.
For any further inquiries please contact us.
Are United States Persons excluded?
No. The usual SEC rules and stipulations of the United States securities laws apply.
For any further inquiries please contact us.
What is the address of the Aureus Nummus Gold? What is the difference between “Aureus Nummus” and ” Aureus Nummus Gold”?
How can I buy the Aureus Nummus?
Are there any limits on how many tokens or Common Shares I can buy?
Can I buy with credit cards?
Can I buy the Aureus Nummus Gold or your Common Shares, or your SAM tokens with commodities like gold, silver, oil and other?
Can I buy with wire transfer or cash payment?
Which traditional fiat currencies do you accept?
Almost all international fiat currencies, even those which do not have a spot market.
Can I buy with other cryptocurrencies?
Yes. Please send us a proposal.
On which exchange are you listed?
The Aureus Nummus can be bought on a number of exchanges . Please see the website https://aureus.nummus.gold for all available exchanges. For the SAM token representing Common Shares of Samarium Group Corporation, please see https://www.samarium.group. We are working on more exchange listings.
Is the Aureus Nummus a security?
No. However as mentioned in the risk disclosures, regulatory authorities might challenge this status one day. We believe that based on the Howey test, the Aureus Nummus Gold is NOT a security.
Is the SAMARIUM token a security?
Yes. The usual SEC rules apply.
Does the Aureus Nummus fall under applicable SEC or Canadian security regulations?
No. See other response further above.
Do you take gold or precious metals or other metals or commodities as payment?
Yes we do. Subject to applicable laws and regulations we will take precious metals or other metals and commodities as payment for the Aureus Nummus Gold and the Samarium token. We accept also these commodities as payment for traditional Common Shares. FINCEN rules appy.
Do you buy back or redeem the Aureus Nummus Gold token?
Yes, we generally buy back (redeem) the Aureus Nummus Gold, at a discount, and under certain conditions. We we reserve the right to refuse redemption, if we believe that the proposed transaction is fraudulent in nature or is in contravention of laws and regulations.
Do you buy back or redeem the SAMARIUM token?
Yes, in certain exceptional cases and under certain conditions. A right for redemption does not exist. A general redemption is neither planned nor does it exist. Investors need to sell their tokens on an exchange.
Are there private sellers and buyers for the Aureus Nummus Gold and the Samarium token?
Yes, there are many potential private sellers and buyers. You need to research the market place or you ask us for a referral. You can deal with these private sellers and buyers directly without us.
How can I use the Aureus Nummus Gold?
How can I use the SAMARIUM token?
What is the minimum quantity of Aureus Nummus that I can buy from you?
The minimum sales amount is 1/10th of an ounce of gold bullion, which is equivalent to approximately 130 US-Dollars.
What is the minimum quantity of the SAMARIUM token that I can buy from you?
The minimum sales amount is 1000 tokens, which is equivalent to approximately 500 US-Dollars based on the valuation of the first financing round. The price for Common Shares in the second financing round will be 5.50 USD$. In that case the 1000 tokens will be equivalent to approximately 5500 US-Dollars.
What is the maximum quantity of Aureus Nummus that I can buy from you?
There is no maximum.
Do you buy back the Aureus Nummus?
Yes, under certain conditions we will buy back the Aureus Nummus (with a discount).
What are the transaction fees related to the purchase of the Aureus Nummus Gold?
We charge a transaction fee of 2%, which does not represent income for us but is used to cover our brokerage costs for the purchase or sale of gold or gold equivalent or other commodities.
Are there any other fees?
Not from us. Other exchanges may charge fees.
How is the company then compensated and how does it pay for its general expenses, running costs and development expenditures regarding the Aureus Nummus Gold?
A maximum number of 5.89 trillion is has been set aside to be used for R&D and financing the operating and other business costs. Our profit lies in our potential ability to source gold at a significant discount through our fully permitted Latin-American and other gold operations. The discount is our profit which will be used to pay for G&A, R&D and the general maintenance costs.
Can I trust the Aureus Nummus Gold?
You don’t need to trust the Aureus Nummus Gold.
Trust is no issue in the case of the Aureus Nummus. Unlike traditional currencies you don’t need a trusted third party like a bank due to the Aureus Nummus’ transparent intrinsic value and decentralized organization. There is no single authority, who would be able to change or influence the value or the setup of the Aureus Nummus, as it is completely de-centralized, and functions based on community consensus of the Ethereum community. It runs completely autonomous based on its program without any possibility of downtime, censorship, fraud, and third-party interference
How does the Aureus Nummus tries to achieve its price stability?
For each Aureus Nummus sold, we will put the corresponding amount of gold or gold equivalent or cash into a trust account, broker account or other account, so that at any given time any given quantity of publicly circulating Aureus Nummus is supported by gold. We will publish on this website the respective gold holding and statistics. This enables us to redeem anytime the Aureus Nummus Gold tokens.
Can the price of the Aureus Nummus fall below the price of its gold support?
Yes, because of supply and demand. Even if the Aureus Nummus is supported by gold it may fall and rise in price. However, let us give you an example: Mike owns a 100 $ bill, Andrew comes along and offers to Mike to buy that 100 $ bill for 10 $. This sounds like a not very smart business proposition but it is still legal. If Mike, however irrational that may be, decides to sell a 100$ bill in exchange for 10 $ then this would be certainly a valid business transaction, although not a very intelligent one.
Now let’s turn to the Aureus Nummus. Let’s assume that Mike owns 100,000 Aureus Nummus coins, which are equal to 1 oz of gold or approximately 1500 USD. Mike of course may decide to sell his 100,000 Aureus Nummus coins worth 1500 USD for say 100 USD to Andrew. Again, a valid business transaction, although not a very smart one. What is the difference to the 100 $ bill transaction?
In the case of the Aureus Nummus, when Mike bought his 100,000 Aureus Nummus coins, we put the corresponding amount of gold into an account and/or vault as backup. So independently for whatever price the Aureus Nummus is sold by Mike, his 100,000 Aureus Nummus coins are still backed by one ounce of gold, which provides intrinsic value and an increased stability. The 100$ bill, by contrast, in no way is backed by anything of value, it is a fiat currency made up of a discretionary paper value assigned by the Federal Reserve.
In short: neither we nor the Federal Reserve for the purpose of the previous example are not able to prevent irrational or non-intelligent business transactions, but the backing by gold remains, whatever the price of the Aureus Nummus.
How do I get my own wallet?
In order to buy the Aureus Nummus and use it for payment transactions or savings you need your own wallet. The process in setting up your own wallet is easy. There are many wallet providers out there. Here is a (incomplete) list of those wallets known to be compatible with the Aureus Nummus.
If you want to set up your own wallet yourself please follow these steps:
- Go to www.myetherwallet.com: You will be greeted by several safety reminders and option to create a new wallet.
- Create a password: Use a combination of letters, numbers and symbols to make it as strong as possible. Write it down immediately and, if possible, make several copies. Then, click “Create New Wallet.”
- Download and store your keystore file: Do it for security reasons. As you know, there can never be too much safety precautions in cryptocurrency trading. Store your keystore file in a secure location and click continue.
- Save your private key: It may look just like a string of symbols, but this is your private key and its safety is of critical importance. Make sure to back it up and keep it safe. You can also print it to keep it as a paper wallet. Remember, there is no way to retrieve your forgotten or lost private key and password, therefore, take all necessary safety measures suggested by the page.
- Use your private key or keystore file to open your wallet: There are many ways to unlock your wallet, but to keep it simple let’s stick with the files we just got – private key and keystore file. Select and paste your private key or upload the keystore file to unlock your wallet.
- Congratulations, you’ve just opened your fully functional Ethereum wallet: Next time you want to access it, go to www.myetherwallet.com, click “View Wallet Info” in the top right corner and authorize yourself again.
All is left now is to load your wallet up with some Ether. If you already hold some of it, send it to your public address. MyEtherWallet also makes it easy to buy Ether via Coinbase (although it sells at a more expensive rate than usual).
Compatible wallets
These wallets have been verified to support Ethereum ERC20 coins. The list is continuously updated at Tokenmarket
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- MyEtherWallet(Online)
- MetaMask (Firefox and Chrome browser extension)
- Parity (Desktop)
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Where is your White Paper?
Who is Simplexx Ltd?
Who is Samarium Group Corporation ?
Who is Quantum Computing Labs Corporation?
Where is the gold stored?
What happens to the Aureus Nummus Gold tokens if Samarium Group goes out of business?
And what about the gold backing? Can I exchange my Aureus Nummus back into gold?
Holders of Aureus Nummus Gold tokens may request to have their Aureus Nummus exchanged back into gold. Simplexx Ltd or Samarium Group Corporation generally will buy back the Aureus Nummus Gold except in the following cases: (1) Force Majeure as defined under US or UK law, (2) court orders, (3) legal prohibitions, (4) liquidity problems in markets and/or business. (5) If there is reason to believe that the requested buybacks are to be used for unlawful activities or market manipulation. Please see also the Terms and Conditions.
Who owns the gold and all other assets, through which the cryptocurrency Aureus Nummus Gold supports its value?
Samarium Group Corporation as manager and administrator of the Aureus Nummus Gold, the gold and all underlying assets supporting the Aureus Nummus Gold, is part of the balance sheet of Samarium Group Corporation.
What can I do if my question is not listed here?
Not to worry. Please send an email to neom@samarium.group. Or in all matters regarding the Aureus Nummus Gold please send an email to aureus@nummus.gold. We will publish a detailed response here within 48 hours.