At launch, it will be accessible to people across Africa to purchase and store their gold or silver holdings. It can be purchased using the Nigerian Naira, South African Rand, Rwandan Franc, and all West African countries using the CFA franc. All other countries can purchase SANU using US Dollars. We hope to accept other forms of payments soon
SANU is a composite representation of gold & silver made up of the combination of SANU Gold (Sanu-GLD) and SANU Silver (Sanu-SLV) respectively.
SANU Gold (Sanu-GLD) and SANU Silver (Sanu-SLV) represent your gold and/or silver holdings, in place of physical gold and silver respectively. SANU Gold (Sanu-GLD) and SANU Silver (Sanu-SLV) holders own physical gold or silver in secure vaults with the convenience of the SANU app.
SANU can also be viewed as a platform where users can buy Gold and Silver in local African currencies
Each Sanu-GLD holding represents 20 grams of physical fine gold. Presently, world gold prices are based on the daily LBMA gold price. This allows the value of Sanu-GLD to have a minimum benchmark with the real-time market price of gold.
Each Sanu-SLV holding represents 50 grams of physical fine silver based on the discovered price from the physical silver market. As of April 30th, 2020, the discovered price of physical silver ranged from 60-80% higher than the LBMA market price of silver.
Features of SANU
A platform for buying & selling physical gold and silver.
Gold and silver holdings
Is easy to convert to cash on the app
Access to details of your holdings at any given time.