Since global gold demand remains strong and the price of assets has reached heights of all time, investors are faced with a difficult choice between various gold investment vehicles. Traditional investment methods in gold are delivered with a number of drawbacks. Physical gold leads to substantial purchase and sale costs, gold contracts on gold require advanced financial literacy, while cryptocurrencies with golden backs often lack reliable reserve audits, or their gold sources are opaque.
IPMB: Gather gold and cryptocurrency
The International Precious Metals Bullion Group (IPMB) combines a vast experience in the gold industry with opportunities offered by Blockchain technology to offer a new approach to reliable and profitable gold investment. By controlling the crucial stages of the supply chain, the IPMB offers favorable prices and transparency for investors in its GoldPro token on gold back (GPRO) and its NFT GEM.
A recent report published by Cintelegraph gives an overview of this precious metal project. It gives an overview of the challenges faced by goldenization solutions in gold, from physical gold problems to the supply of liquidity and safeguard guarantees for digital tokens. The report deals with an internal solution developed by IPMB to follow the gold supply chain, its GPRO token entirely guaranteed by gold and the gold back. The report ends with an overview of the IPMB ecosystem and its future development plans.
Ineffectures on the gold market
The supply chain for physical gold is based on several intermediaries, which results in price premiums which are ultimately carried by investors. In addition, golden physical investments are boning bonuses and are delivered with substantial purchase / sale differences, as well as on -the -call fees of up to 1% per year. (Figure 1).
In addition to the increase in costs, complex gold supply chains facilitate the disguise of the origin of gold ore and the birth of exploitation contrary to ethics. For example, Ghana, one of the main gold producers, has faced criticism of unregulated craft operations, which harms the environment and often breaks human rights.
Rationalization of the gold supply chain
Unlike most existing gold tokenization solutions that are based on third -party supplies, IPMB condominiums are gold extraction facilities in Ghana and controls the entire gold ore delivery process. Consequently, the IPMB eliminates unnecessary intermediaries and reaches transparency and sustainability for the entire supply chain.
The future launch of the GoldTrace360, an internal monitoring solution designed by IPMB, will automate the follow -up process and considerably reduce latency. GoldTrace360 will use IoT technologies to record each stage of the gold production process on the blockchain.
Presentation of gold -based NFTs on gold back
NFT GEMs are IPMB digital notes offer for the investment of 24 Karat Grad. NFT GEMs are property titles for gold bars on the Polygon blockchain. They vary from 1 gram to 12,500 grams to respond to a wide range of potential investors.
The gems NFT can be obtained by punctuating GPRO, the native token of the IPMB ecosystem on the polygon blockchain. While the GPro tokens are supported by 1: 1 with gold, their price remains free.
To obtain an NFT of a specific name with a discount, the user must put a corresponding number of GPRO tokens for a period between three and 12 months. A longer stimulation is rewarded with a higher discount. If 100 GPRO tokens are marked for 12 months, 89 GPRO will be converted to a Gemm NFT and 11 GPRO will be returned to the user. A limited number of NFTS are allocated to jalitude each month (Figure 2).
If the user triggers the GPRO conversion to GEM NFT at the end of the staging period, the GPRO burns. At the same time, the GEM NFT is awarded a single 24 -carat room or bar of gold and a serial number London Bullion Market Association (LBMA), which is also reflected in NFT metadata.
The NFT GEMs which have at least a year can be exchanged for physical gold, and the acquisition is free for NFT of more than 100 grams of gold in name. If it is not bought, the NFT remain free from insurance, childcare or management during the first five years following the date of mint.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
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