A blockchain innovation group and London exchange listed mining company partner to give the public access to gold below market price.

SEOUL, Korea?--(BUSINESS WIRE)--#AUSCM--Auric Network Limited (�Auric�), the Hong Kong based blockchain innovation group announces a partnership with Bluebird Merchant Ventures Limited (�BMV�), a publicly listed mining company (LSE:BMV), to give public access to gold ownership at 15% below market price.

BMV�s goldmines, located in South Korea, have been inactive since the 1970s largely due to policy directions adopted by the Korean government that triggered the nation�s industrial revolution. According to the Korean government, the mines contain nearly 800,000 ounces (or over $1.5 billion USD) of ready-to-mine gold, with a geological upside defined in the millions of ounces.

Joseph Lee, CEO of BMV Korea, states, �Through our efforts we have been able to build on the work done by the Korean government in the 1970�s and revive these mines due to vast improvements in geological understandings and technology. There is a lot of unmined gold.�

In the post-COVID world, where global economies are characterized by uncertainty, the public has seen unprecedented levels of demand and interest in gold as a more stable investment asset. However, the lowest market prices of gold are generally unattainable to the general public.

Auric operates a blockchain protocol with its native token, AUSCM, which was conceived in partnership with BMV and Mine Foundation, a commodities investment marketplace. It can soon be exchanged for physical gold at a discounted price. The prerequisite to accessing this opportunity is holding a minimum balance of AUSCMs.

�We are pleased to partner with Auric Network and Mine Foundation to allow everyday people to have access to the economically transformative opportunities presented through physical gold ownership,� Lee reports. �Giving the general public an opportunity to participate in releasing value from the mines as well as give access to an otherwise inaccessible asset class is a win for the average person.�

Currently, Auric Network is listed on Uniswap.org, a blockchain-based exchange. To learn more, follow Auric Network on Twitter at @auric_network and BMW at @bluebirdIR.

Contacts

Joseph Lee

Bluebird Merchant Ventures Limited

+82 10 5369 0913

[email protected]