TruAu: The Token of Choice for a New Media Marketplace
In our last post, we talked about an exciting new platform called CJC Live. This week we’re digging deeper and looking at the economy of the platform with the native TruAu token. Let’s take a look at how the token works, what gives it value, and why you should definitely be paying attention to it.
If you haven’t already read through our introductory post for CJC, then we highly recommend checking that out first. If you have, then you’re probably wondering what keeps the whole ecosystem moving! Let’s just jump into it.
What is the TruAu Token For?
The TruAu token is the cryptocurrency of choice for the CJC Live platform and media network. It’s the currency that’s used by creators, advertisers, marketers, consumers, and everyone else using CJC Live. CJC has already developed and created a fully completed broadcast network. However, for users and content creators to engage with each other, they’ll need a way to pay for it.
Traditional fiat currency isn’t going to cut it either. Since CJC is built on secure blockchain technology, they sought an equally secure way for users to transact on the platform. The answer, of course, was cryptocurrencies.
But not just any cryptocurrencies. CJC wanted something with tangible value that stands out from the sea of cryptocurrencies out in the market today. To create a truly unique cryptocurrency, CJC launched TruAu. What makes TruAu so special? Let’s take a look.
What Makes TruAu Special?
Unlike many other cryptocurrencies on the market today, TruAu is fully backed by another tangible asset, gold. To ensure the highest integrity for the value of the cryptocurrency, CJC made special arrangements with multiple service providers to mine and mint real gold coins. Those physical gold coins can be used by the community and traded for TruAu tokens or vice versa.
It’s even in the name TruAu, a combination of “true” and the symbol for gold on the periodic table of elements, “Au.” The TruAu token can be exchanged for physical gold coins, so you can rest assured that you won’t be worrying about the price drop like other cryptocurrencies.
TruAu token is one of the only examples of a truly valuable utility token for a platform that is also fully backed by another asset.
9 Key Points of Trust
CJC Live outlines “9 Key Stages of Trust” that go along with the TruAu token as well. Those stages are:
- We hold the legal agreement with the mining partner for the production of gold
- Our partner has been mining gold for over 20 years
- It is refined by world-leading precious metals refining companies
- Our token is used to expand our existing operations
- We have existing operations in Weaver mining district in Arizona
- CJC Live is the exclusive distribution partner for TruAu tokens
- All contracts are permanently on the public blockchain
- TruAu gold tokens are exchangeable for minted coins
- Publishers can share tokens to attract audiences
Find out more in the official CJC Live TruAu gold video below.
CJC Live and TruAu are definitely something you need to be watching this upcoming year. Not only has CJC built a fully working platform, but they’re integrating a cryptocurrency that’s 100% backed by gold — not something you see every day.
This new platform is going to enable content creators and users to both benefit from the new cryptocurrency. Not only will creators have far more control over their content, but users can earn tokens for using the platform as well. Besides the gold backing TruAu tokens, these tokens have real value by being used to buy real products and services on the platform. Control just changed with CJC Live and the new TruAu tokens.
Learn more about CJC Live and the TruAu tokens by visiting their sites here and here.