The G-ATS / 0.00098g Gold
The G-ATS is a coin based on the Austrian schilling (ATS). This was the legal currency in Austria before the euro was introduced. The price of the G-ATS was calculated based on the ATS to euro exchange rate and fixed as of January 2024. This means that the G-ATS is always worth 0.00098g of gold.
Each G-ATS represents 0.00098 grams of an LBMA-certified 1 ounce of gold, which is stored at our partner GVS Austria e.U. When you buy a G-ATS, you acquire a share of 1 ounce of gold in the amount of 0.00098 grams
This share is represented in the form of a G-ATS coin on our very own blockchain, the Gold Smart Chain. This coin is considered a certificate of ownership.
You actually hold shares in one ounce of gold. The G-ATS merely represents a unit for easier handling of these shares. You have absolute authority over how you manage your G-ATS on the Gold Smart Chain and it is within your authority to transfer and use it for trading (e.g. for goods and services) if you wish.
You can return your G-ATS to us at any time and have the dealer purchase price of the gold paid out by us to an account specified by you. We guarantee to buy back your gold!
In summary, you own one LBMA-certified coin (1 ounce of gold) per 31,736 G-ATS.
The G-ATS can be exchanged for any other coin on the Gold Smart Chain.
If you have any questions or need assistance, we are here to help. Feel free to reach out to us using the contact details below, and we will assist you as soon as possible.
Standard in Gold Support
Tel.: +4314420284
Stephansplatz 8/20, 1010 Wien, Austria