Oric Network, two projects in progress to provide practical use cases

Oric Network, two projects in progress to provide practical use cases
-Signed a contract with BMV, a listed company in London, and is pursuing an exchange between Gold and AUSCM
-Signed a contract with West Mongolia Energy LLC, a power plant operating company in Mongolia

Decentralized Finance (De-Fi) Project Auric Network Limited announced on the 0th that it is preparing two projects that can actually utilize AUSCM.

The Oric Network is a medium of exchange, store of value, unit of account, and standard of deferred payment, which are the main functions of currency to lead a new economic paradigm through AUSCM. ) And so on.

In particular, the stability of the value can be maintained through flexible supply tailored to demand, and efforts have been made to secure additional use cases and markets so that they can be accepted based on reliability, and soon two practical use cases will be presented Revealed.

In the first project, the Orrick Network is preparing to offer users a discounted gold purchase under a contract with Bluebird Merchant Ventures (“BMV”), a mining company listed on the London Stock Exchange. I plan to proceed.

In the second project, the Orik Network signed a contract with West Mongolia Energy LLC, a power plant operator located in Uvs Aimag, in the northwestern region of Mongolia to participate in a mine-based platform. It is expected that it will be able to provide opportunities to participate in the project to AUSCM holders around the world depending on the progress of the project since the foundation of the mine foundation.

“We are pleased to be able to provide opportunities for gold exchange and participation in additional projects through AUSCM,” said an official from Oric Network. I will do my best.”

Meanwhile, West Mongolia Energy LLC has signed a 30-year Power Purchase Agreement (PPA) from the Mongolian government for a 60MW renewable energy business and is operating stably.

Notice. This content is a press release of the relevant party, and does not mean that the facts of the information have been confirmed, and may differ from the editorial direction of this magazine.

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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.