Because the global demand for gold remains powerful, and the price of assets has reached the highest level, investors have a arduous choice between various gold investment vehicles. Established methods of investing in gold are associated with many flaws. Physical gold incurs significant fees for the purchase and sales, goldenures of gold requires advanced financial knowledge, while cryptocurrencies supported by gold often do not have reliable reserve audits or their gold sources are muddy.

IPMB: Connecting gold and cryptocurrencies

The International Group Bullion Metals Bullion (IPMB) combines extensive experience in the gold industry with the possibilities provided by Blockchain technology to offer a modern approach to investing in gold, which is reliable and profitable. By controlling the key stages of the supply chain, IPMB offers positive prices and transparency to investors in its GoldPro (GPRO) and GEM NFT token.

A recent report published by Cointelegraph provides insight into this precious metal design. It gives a review of challenges, which faces goldenization solutions, from physical gold problems to ensuring fluidity and guarantee of backups for digital tokens. In the report, he discusses the internal solution developed by IPMB to track the gold chain of supply, its GPRO token fully secured with gold and gold. The report ends with an IPMB ecosystem review and its future development plans.

Ineffectiveness on the gold market

The physical gold supply chain is based on many brokers, which results in price contributions, which are ultimately incurred by investors. In addition, physical gold investments incur contributions when buying and are equipped with significant purchase/sales spots, as well as fees for caring for up to 1% per year.

In addition to increased costs, the elaborate gold supply chains make it easier to hide the origin of gold ore and hide unethical extraction. For example, Ghana, a leading gold producer, has He directed criticism of unregulated craft extractionwhich harms the environment and often violates human rights.

Improving the gold supply chain

Unlike most existing goldenization solutions, which are based on the supply of third parties, co -owners of IPMB Gold extraction devices in Ghana and controls the entire process of supplying gold ore. As a result, IPMB eliminates unnecessary intermediaries and achieves transparency and balanced development for the entire supply chain.

Upcoming premieres Goldtrace360The internal tracking solution designed by IPMB will automate the tracking process and significantly reduce the delay. Goldtrace360 will exploit IoT technologies to record each step in the gold production process in blockchain.

We present jewels supported by NFTS gold

GEM NFT are digital IPMB bills of exchange for the golden carat investment class. Gem NFT are ownership titles for gold on blockchain polygon. They have from 1 gram to 12,500 grams to satisfy a wide range of potential investors.

NFT gems can be obtained through Staking GPRO, native token of the IPMB ecosystem on Blockchain Polygon. While GPRO tokens are 1: 1 supported by gold, their price remains free.

To obtain NFT specific denominations with a discount, the user must put the right number of GPRO tokens for three to 12 months. Longer rates are rewarded with a higher discount. If 100 GPRO tokens are placed for 12 months, 89 GPRO will be converted to the NFT jewel, and 11 GPRO will be returned to the user. The confined number of NFT is allocated to erect each month.

If the user launches the GPRO for conversion of GEM NFT at the end of the joint period, the GPRO is burned. At the same time, the NFT jewel is assigned a unique 24-carat gold coin or bar and the London Bullion Market Association (LBMA) serial number, which is also reflected in NFT metadata.

NFT gems that are at least one year can be purchased for physical gold, and redemption is free for NFT with over 100 grams of gold in a confession. If not listed, the NFT remain free of insurance, care or management for the first five years after the mint date.

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