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The AUDM token is a crypto-token designed to be used to make payments on a blockchain or decentralised ledger. It is purchased and redeemed from Macropod at the rate of one AUDM token to one Australian dollar. This type of crypto-token is often referred to as a stablecoin.

Stablecoins are a class of digital asset token issued on a blockchain or decentralised digital ledger. Unlike unbacked cryptocurrencies such as Bitcoin, stablecoins are intended to maintain a stable value relative to a fiat currency such as Australian dollars (AUD). A stablecoin issuer stabilises the value of the token by maintaining a reserve of liquid financial assets and controlling the supply of tokens through the exchange of the relevant fiat currency for tokens.

Blockchain is ledger of transactions recorded in code on a decentralised network of servers (sometimes referred to as distributed ledger technology). The blockchain is secured using cryptography. Individual transactions are grouped into a block and, once verified, the new block is linked to the previous block. This chain of blocks – the blockchain – makes it nearly impossible to alter past records without changing subsequent blocks. All network participants must reach consensus on the newest block before it is added to the chain.

The AUDM token is issued as crypto-tokens on a blockchain called the Ethereum Network and another called the Redbelly Network. Macropod intends to add other networks over time. New networks for the AUDM token will be announced on our Website.

No. The AUDM token is intended to be used for making non-cash payments. It is not an investment product, deposit, loan or a facility to manage financial risk. It does not pay a yield or return and is designed to have a stable value rather than a capital gain.

AUDM is issued by Catena Digital Pty Ltd ABN 78 669 901 302 trading as Macropod Global (Macropod). Macropod is a company registered and licensed in Australia.

Yes. ASIC has expressed a view that it considers fiat-pegged, non-yield-bearing stablecoins such as the AUDM token to be a “non-cash payment facility” and therefore a “financial product” that is covered by Chapter 7 of the Corporations Act 2001 (Cth). This means that, in order to issue an AUDM token, Macropod holds an Australian Financial Services Licence (AFSL 566313). Macropod is also registered as a digital currency exchange with the Australian Transaction Reports and Analysis Centre (AUSTRAC) DCE100887005-001.

No. The AUDM token is not a deposit held in an account with any authorised deposit-taking institution ADI. As such, you do not have access to the Financial Claims Scheme. An AUDM token is not Australian currency or foreign currency, legal tender, money or a deposit, nor any substitute for such currency, legal tender, money or deposit other than where a third party is prepared to accept it as a means of payment or tender. Each AUDM token represents a unit in a unit trust so represents a beneficial interest in the reserves that support the value of the token, i.e. an interest in the AUDM Trust.

Companies and individuals who want to make payments to people who accept AUDM as payment. See Macropod’s Target Market Determination (TMD) for a description of the class of client for which this product has been designed. The AUDM token is available from Macropod to both wholesale and retail clients of the Macropod Platform, who are Australian residents or are residents of jurisdictions on Macropod’s Eligible Jurisdiction list, which is available on our website.

You can receive AUDM tokens in the following ways:

• If you are eligible to be a client of the Macropod Platform, and your application to be a client is accepted and not suspended, you can request AUDM tokens to be minted to your crypto wallet via the Macropod Platform;
• As long as your crypto wallet is not on Macropod’s DenyList (see below):
  
  • you can receive AUDM tokens from someone who makes a payment of AUDM tokens to your crypto wallet; or
  • you can buy AUDM tokens from a digital currency exchange that offers AUDM tokens.

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