Coop Coins
The foundational gold-backed cooperative unit of the Aurion Trading Platform — 10 grams of gold per coin, settled through ABSA Bank Zambia, and the physical anchor for the Afro Gold Dollar stablecoin.
What are Coop Coins? #
Coop Coins are 10-gram gold-backed cooperative units — the primary commodity instrument issued by Aurion Trading Ltd through the Coop Pay Ltd cooperative trade floor. Each Coop Coin represents a verified, physically settled claim on 10 grams of gold, cleared through ABSA Bank Zambia.
Coop Coins are not speculative tokens. They are structured as commodity-backed instruments tied directly to verified cooperative gold production in Zambia. Their issuance requires prior cooperative society onboarding through Coop Pay Ltd and warehouse receipt verification through ZAMACE.
Technical Specifications #
| Parameter | Value |
|---|---|
| Commodity | Gold (Au) |
| Unit Weight | 10 grams per Coop Coin |
| Settlement Bank | ABSA Bank Zambia |
| Ledger | NMX/DMX (Migodi-Auric) |
| Warehouse Verification | ZAMACE warehouse receipt system |
| Ticker | COOP-AU-10G |
| AGD Peg | 1 Coop Coin = 1 Afro Gold Dollar |
| ROFR | Exercisable in NdeipiCoin per DESA terms |
Settlement Process #
AGD Peg Relationship #
The Afro Gold Dollar (AGD) is pegged 1:1 to Coop Coins. Every AGD in circulation is backed by one Coop Coin — meaning every AGD is ultimately backed by 10 grams of physically verified gold held in a ZAMACE warehouse.
- Peg ratio: 1 AGD = 1 Coop Coin = 10g gold
- Reserve monitoring: The Aurion terminal's AGD peg monitor displays live backing ratio
- Gaming use: AGD is the in-game currency for Ndeipi Studios / Cyberwars IP — gold-backed gaming currency
- Redemption: AGD holders can redeem for Coop Coins; Coop Coin holders can redeem for physical gold via ZAMACE warehouse release