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AUDT

AUD Token is a stablecoin backed by Australian dollars, held in a licensed bank account controlled by the issuer. Tokens are minted programmatically by a smart contract as funds are received from customers to the bank account, and can be redeemed for dollars sent to an Australian bank account by the same process in reverse. AUDT are hosted on the Ethereum blockchain.

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What is AUDT?

AUDT is one of several initiatives launched by Australian blockchain company Chrono.tech. The project is fully compliant with Austrac, the Australian financial intelligence agency, which lays out requirements and best practices for crypto businesses and other financial applications. AUDT can be used to store and transfer value, as well as being traded against other cryptocurrencies. It is one of the reference currencies on TimeX, Chrono.tech’s hybrid crypto exchange, which acts as a fiat gateway for deposits and withdrawals. AUDT can also be used as a means of payment for work on LaborX.

1.000000 AUDT = 1 AUD

AUDT AUDT	AUD Australian Dollar
0.01 AUDT	0.0100 AUD
0.1 AUDT	0.1000 AUD
1 AUDT	1.0000 AUD
2 AUDT	2.0000 AUD
3 AUDT	3.0000 AUD
5 AUDT	5.0000 AUD
10 AUDT	10.0000 AUD
20 AUDT	20.0000 AUD
50 AUDT	50.0000 AUD
100 AUDT	100.0000 AUD
1000 AUDT	1000.0000 AUD