WHITEPAPER

What is Coineru

Coineru and its three coins CGLD, CSLV and CPLT also known as the currency of life is a multi-chain financial network acting as a safe haven and a counterpoint to the unstable global payment system. The current payment system, which is controlled by conventional banks, is inefficient, inhomogeneous, fragmented, expensive and time consuming. Furthermore, the fiat currencies used as payment are mainly based on the trust that governments of the respective countries are stable and provide an economy that satisfies the value of the fiat currencies issued. However, they can simply increase the number of their respective currencies, if there is a need for it. This leads to inflation and people losing their money.

  • Circulating Coineru Gold has valuation representing one ounce of gold holdings of Coineru Reserve Inc. Each CGLD can be exchanged for physical gold in Switzerland when a coin is being put out of circulation by returning the coin to the issuer in this case Coineru Reserve Inc. CGLD is governed by the proof of physical gold ownership. (‘’PPGO’’)
  • CGLD will have its value backed by gold holdings.
  • With gold value backing CGLD the currency will serve as the gold standard and a safe option to replace the current financial system.
  • Gold holdings will be audited from time to time to confirm the actual amount held as a reserve.
  • Circulating Coineru Silver has valuation representing one ounce of silver holdings of Coineru Reserve Inc. Each CSLV can be exchanged for physical silver in Switzerland when a coin is being put out of circulation by returning the coin to the issuer in this case Coineru Reserve Inc. CSLV is governed by the proof of physical silver ownership. (‘’PPSO’’)
  • CSLV will have its value backed by silver holdings.
  • With silver value backing CSLV the currency will serve as the silver standard and a safe option to replace the current financial system.
  • Silver holdings will be audited from time to time to confirm the actual amount held as a reserve.
  • Circulating Coineru Platinum has valuation representing one ounce of platinum holdings of Coineru Reserve Inc. Each CPLT can be exchanged for physical platinum in Switzerland when a coin is being put out of circulation by returning the coin to the issuer in this case Coineru Reserve Inc. CPLT is governed by the proof of physical platinum ownership. (‘’PPPO’’)
  • CPLT will have its value backed by platinum holdings.
  • With platinum value backing CSLV the currency will serve as the platinum standard and a safe option to replace the current financial system.
  • Platinum holdings will be audited from time to time to confirm the actual amount held as a reserve.