Our Proof of Authority system doesn’t use mining and/or staking to pay rewards. We’ve built the Auxilium Interest Distribution (AID) platform through which we pay all our coin holders up to 8% interest per annum just for holding coins – also when their wallet is offline. AUX for interest distribution come from a premine account of 80 million AUX coins; included in the total supply cap of 300 million coins. From that 8%, coin holders give back: 0.64% goes to our charity fund for philanthropic projects and 0.64% goes to Auxilium research and development for for-profit use case development. Interest distribution occurs on the 1st of each month and the calculation is based on the holdings you retain in your personal wallet across the month. Our goal is to continue distributing interest indefinitely, through recycling profits.
Mapping it out
Become a philanthropist
Another amazing aspect of the Auxilium Interest Distribution platform is that users automatically contribute to the charity fund, and the not-for-profit research and development fund. Therefore you as an AUX holder directly impact philanthropic projects around the globe. You’re helping humans, animals and the environment globally.
Every six months (starting 2021) the Auxilium Global team will select three new charities that will be supported by the charity fund. It’s our goal to reach out to these charities, partner with them and integrate Auxilium payments/donations into their existing payment/donation system.
Our community of coin holders and other enthousiasts will be able to vote on their favorite charity to increase the donation amount in AUX.
Questions and answers
Do I need to leave my computer on to receive interest?
No, Auxilium doesn’t require staking (or mining). You only need to send your AUX from the exchange to your (desktop) wallet. Once it’s in a wallet – outside of the exchanges – the AID platform will recognize your AUX-holdings.
Do I need to buy mining equipment to receive interest?
No, Auxilium doesn’t require mining (or staking). You only need to send your AUX from the exchange to your (desktop) wallet. Once it’s in a wallet – outside of the exchanges – the AID platform will recognize your AUX-holdings are fit for receiving interest.
Do I get interest every month?
Yes, the AID platform calculates your average amount of AUX coins each month and rewards based on your holdings.
Do I need to have a minimum amount of AUX to get interest?
No, everyone who holds AUX in an Auxilium wallet receives the same amount of interest. We don’t discriminate.
The AID platform holds 80 million coins, what will happen if the AID platform balance reaches zero?
Auxilium doesn’t mine extra coins. We have a maximum supply. This means that we’ll try to top-up the AID platform by buying back AUX coins from the market at some point. Furthermore the AID platform is a flexibel concept, which means it might change in the future.