What is Aurum Bank.
Aurum Bank is the Stock Bank for gold — an autonomous protocol on Solana that routes buy/sell fees from $ABANK into tokenized bullion (XAUT) and drops it pro-rata to every holder, every fifteen minutes, forever. RWA, going mainstream.
No staking. No claim transactions. No lockups. Just hold the bank and gold lands in your wallet.
How the flywheel turns.
Each $ABANK trade routes a 5% fee into the protocol treasury. The treasury holds USDC. On every 15-minute tick, the on-chain executor:
1. Swaps treasury USDC → XAUT via the gold liquidity pool on Solana.
2. Snapshots all wallets holding ≥ 100 $ABANK.
3. Distributes XAUT pro-rata to those wallets in a single transaction.
The result: holders accrue real gold passively while $ABANK price discovery happens on the open market.
Open-source. Immutable.
All contracts are deployed on Solana mainnet, verified on Solscan, and ownership has been renounced.
// Distributor.sol — distribute(uint256 cycle) function distribute(uint256 cycle) external { require(block.timestamp >= nextTick, "too early"); uint256 gold = treasury.swapUSDCForXAUT(buyAmount); snapshot.distribute(gold); nextTick = block.timestamp + 15 minutes; }
Simple. Honest.
Predictable. On-chain.
Every 900 seconds, the distributor contract is callable by anyone (open keeper pattern, gas-refunded). It performs the swap and the snapshot in a single atomic transaction.
If a cycle is missed (no one calls it), the next call processes all accrued cycles at once — holders never lose what's owed.
Audited. Verifiable.
Contracts audited by three independent firms. Reports public on the contract repo. Reserve attestations published monthly.
Built for Solana.
Sub-cent gas, sub-second finality. Solana is the home of consumer crypto and the cheapest place to receive a stream of tokens.
The basics, answered.
Do I need to claim my gold?
No. XAUT lands directly in your wallet every cycle. Zero gas on your end.
Is XAUT really backed by physical gold?
Yes. Each XAUT = 1 troy ounce of LBMA Good Delivery gold held in a Swiss vault by TG Commodities Limited (Tether subsidiary). Audited monthly.
Can the team rug?
No. Ownership renounced. LP locked 24 months. Contracts are immutable.
What if no one calls the distributor?
A bot does it automatically. If it ever fails, anyone can call it — gas is refunded by the treasury. Accrued cycles are paid out together.
Why Solana?
Sub-cent gas means we can run a 15-min distribution cycle profitably. Solana-grade infra, deepest USDC liquidity, fast finality.