Auvellum Gold
Each unit would represent a stated weight of pure gold. We would require evidence of allocated gold and publish who holds it, what a holder can claim and how redemption would work.
In development Beta release coming soon
Auvellum is developing a digital gold wallet for people who move money across borders. We’re researching how to verify the gold behind each unit, fund mining rounds in advance and help people recover access to their wallet.
The design
The proposed wallet would show gold units and mining credits separately. Each would have its own terms, including when credits could convert and what rights apply to redemption.
Each unit would represent a stated weight of pure gold. We would require evidence of allocated gold and publish who holds it, what a holder can claim and how redemption would work.
Each round would have a fixed allocation of gold units set aside before it opens. Eligible credits could convert only from that allocation and under the published rules for the round.
Gold prices can fall. Cash redemption would depend on eligibility, liquidity and available payout routes. Read about the design.
Research programme
We use simulations to test the proposed rules against price shocks, funding shortfalls and payment outages. The results help us decide what evidence we’d need before live use.
Read the research questionsCan the proposed rules account for the gold allocated, the units issued against it and redemptions that are still owed?
What happens when gold prices move sharply, redemption requests rise or a bank or payment provider goes offline?
Can a round stay within its funding when several claims arrive together? Can the same funding be counted twice?
Can someone recover access on another device? Can they tell whether a payout has arrived and who can help if it stalls?
Member safeguarding
Before people rely on Auvellum, they should know who is responsible for their assets, what they can claim and where to turn if something goes wrong.
We’re designing recovery people can rehearse on a replacement device. Before any release involving real assets, we intend to commission an independent security review and publish its scope and material findings when safe.
We intend to publish dated evidence of backing, the custody and redemption terms, and how customer assets would be kept separate from company finances.
We plan to show the full quoted cost before a transfer, explain who handles delays or complaints and publish a way to report a security concern.
Company and institutional enquiries
Auvellum is a project by StartMadeSimple Ltd, led by founder Herman Vermaak. The proposed business model is software licensing and integration for institutions.
People supporting family abroad need a quote they can understand, a way to get back into their wallet and a record that tells them whether the money arrived.
We are exploring how clearer records and support at each handoff could help institutions resolve recovery and payout cases.
The white paper sets out the commercial model, its assumptions and the evidence we would need to establish before operating with real assets.
Public roadmap
These are the outcomes we’re working towards. Timing depends on security, legal and operational readiness.
Read the release criteriaEstablish how backing would be checked and how funded limits on mining rewards would be evidenced before any live issuance.
Test whether someone can regain access on a replacement device using their wallet’s own recovery process.
Check the quoted cost, each handoff and what happens when a payout stalls. Test an independent alternative where feasible.
Publish dated changes to the design and explain what was checked, who checked it and which risks remain before offering live use in a market.
The reading room
For readers evaluating the company, the product and the responsibilities that come with it.
Read the product rationale, business model, risks and release criteria.
Trust and safetyRead the member safeguards, the limits of wallet recovery and where to report a security issue.
Company informationVerify the company and find the official contact details.
Beta release coming soon
Get the beta announcement and occasional updates on what we’re learning along the way.