While global demand for gold remains strong and reaches the price of possession All-time highsInvestors face a difficult choice between different gold investment vehicles. Traditional methods for investment in gold have many drawbacks. Physical gold covers large buying and selling fees, gold futures require advanced financial literacy, while Cryptocurrencies of gold Often the lack of reliable reserve audit, or their gold resources are blurred.
IPMB: Includes -Includes gold and cryptocurrency
The International Precious Metals Bullion Group (IPMB) Combines extensive experience in the gold industry with the opportunities provided by Blockchain technology to offer a novel gold investment approach that is reliable and efficient. By controlling the important steps of the supply chain, IPMB offers favorable pricing and transparency for investors in goldpro goldpro (GPRO) and GEM NFTS.
A recent report published by Cointelegraph provides an insight into this important metal project. It gives a general -analysis of challenges Gold tokenization The solutions are faced, from physical issues to gold to the liquidity and backup guarantee for digital tokens. The report discusses an in-house solution developed by IPMB to monitor the gold supply chain, the GPRO token fully collateralized by gold, and the gold supported by the GEM NFT. The report concluded with a general -IPMB ecosystem decision and future development plans.
The futility of the gold market
The supply chain for physical gold depends on many mediators, resulting in premium prices that are ultimately carried by investors. Moreover, physical investments in gold are having up to 1% per year.
In addition to increasing costs, complex gold supply chains make it easier to disguise the source of gold minerals and hide non -ethical mining. For example, Ghana, a leading gold manufacturer, has Faced criticism for irregular artisanal miningwhich is harmful to the environment and often violates human rights.
Streaming a gold supply chain
In contrast to most existing gold tokenization solutions relying on third-party supplies, IPMB co-owners Gold mining facilities in Ghana and controls the entire process of serving gold minerals. As a result, the IPMB removed unnecessary mediators and achieved transparency and maintenance for the entire supply chain.
The upcoming launch of Goldtrace360A home tracking solution designed by IPMB, will automatically the monitoring process and significantly reduce latency. Goldtrace360 is available IOT technologies To record every step of the gold -making process in the blockchain.
Introduces gold -supported Gem NFT
GEM NFTS are digital promissory notes IPMB offer for investment Grade 24-carat gold. The GEM NFT is the Titles of Sandureniating for the gold bars in the Polygon Blockchain. They range from 1 gram to 12,500 grams to serve a wide range of potential investors.
The GEM NFT can be obtained by staking GPRO, the native token of the IPMB ecosystem in the polygon blockchain. While the GPRO tokens are 1: 1 backed with gold, their price remains free.
To obtain an NFT of a specific denomination with a discount, the user must stake a corresponding number of gpro tokens for a period between three and 12 months. Longer staking will be rewarded with a higher discount. If 100 GPRO tokens are stuck for 12 months, 89 GPRO will be converted to a GEM NFT and 11 GPRO will be returned to the user. A limited number of NFTs are allocated to a monthly stake.
If the user has been able to convert GPRO to converting GEM NFT at the end of the staking period, GPROS will burn. At the same time, the GEM NFT gets a unique 24-carat gold coin or bar and a serial number of the London Bullion Market Association (LBMA), which is also found in NFT Metadata.
GEM NFTS at least one year old can be redeemed for physical gold, and redemption is free for NFTs of more than 100 grams of gold in the denomination. If not redeemed, the NFTs remain free to insurance, keeping or managing fees in the first five years following the date of the mint.
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