Every club member currently holding AWBTE will automatically receive the equivalent face dollar value in SCRAP tokens, deposited directly into their AWCx wallet. Our powerful SCRAP token keeps junk out of landfills, and recovers valuable precious metals, so this is truly a token to feel good about!
Additionally, all owners of AWBT will have the option to swap dollar for dollar into SCRAP, or hold their Binance based AWBT, which will continue to convert into one ounce baskets of recovered gold, silver, and palladium. The SCRAP tokens break away from inflationary fiat currencies and can be used to order physical deliveries of gold, silver, palladium and other recycled products, directly through our club’s refined precious metals marketplace.
All SCRAP tokens are transferable into club refined metals at market based AWCx pricing at the time of conversion. Pricing on the metals marketplace will fall at or around London Spot and be updated daily.
Please Note: the physical metal delivery after the SCRAP conversion can take up to 90 days. A minimum order of 1oz worth of precious metals is required for said delivery.