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: One G-ATS represents ownership of 0.00098g of gold.
Each G-ATS represents 0.00098 grams of 1 LBMA certified ounce of gold, which is stored at our partner GVS Austria e.U. When you purchase 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 blockchain, the Gold Smart Chain. This coin is considered a certificate of ownership.
For every 31,736 G-ATS, you own 1 LBMA-certified ounce of gold.
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 barter (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!
The G-ATS can be exchanged into any other currency on the Gold Smart Chain.
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