XRB Gold Whitepaper, Version 1.0, English
  • Welcome
    • Abstract
    • Introduction to XRB Gold
    • A Brief History of Gold
  • Present-Day Gold Market
    • Physical Gold
    • Gold Market Challenges
    • Buying & Selling Gold
    • Previous Attempts at Digitizing Gold
  • THE DESIGN OF XRBG
    • Basics
    • Token Distribution
    • Product Benefits
    • Using XRBG
    • Smart Contract & Technology
      • XRBG Source Code (Ethereum)
      • XRBG Source Code (Polygon)
    • Partnerships
    • Legal Oversight
    • Usage Restrictions
    • Liquidity
    • Fees
  • Buy XRBG
    • Buy XRBG via XRB Gold App
  • Redeem XRBG
    • Physical Gold Delivery
  • Appendix
    • About XRB DAO
    • Related Links
    • Sources
  • Legal
    • Terms & Conditions
    • Privacy Policy
    • Disclaimers
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  • Redemption Schedule for XRBG Holders (Priority Based)
  • Step-by-Step Guide

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  1. Redeem XRBG

Physical Gold Delivery

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Last updated 4 months ago

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XRBG is designed as a gold redemption-focused solution, ensuring token holders can always exchange their tokens for physical gold. With its 3x reserves, XRBG provides full and immediate liquidity in the form of physical gold at all times for its token holders.

Ensure you have at least 1,000 XRBG tokens to request a physical gold delivery. If you have less than 1,000 XRBG, use a DEX or request USDC via .

Redemption Schedule for XRBG Holders (Priority Based)

Date
Amount of Gold Available for Redemption
Redemption Priority

January 1, 2025

$40,000,000

Tier 1 Priority

February 1, 2025

$60,000,000

Tier 2 Priority

Note: The gold allocated for redemption is already held in escrow, ensuring secure and guaranteed availability. Holders are not obligated to redeem and may cancel their redemption requests at any time prior to the completion of the process. Redemptions will be processed based on the order requests are received, so submit early to secure priority.

Step-by-Step Guide

1. Request Physical Gold Delivery

  • Contact Options:

    • Sign Up: Visit to sign up for your XRB Gold account.

2. KYC Verification

  • Upon requesting to redeem, an account manager will be assigned to you to collect required information and perform KYC verifications.

  • Required Documents:

    • For Individuals:

      • Valid national passport, or

      • Government-issued national identification card, or

      • Government-issued driver's license.

      • Proof of residence (e.g., bank statement, letter of good standing, utility bill).

    • For Institutions and Organizations:

      • Valid passport and national identification of majority stakeholders.

      • Company Information Sheet (CIS).

      • Articles of Incorporation or Registration.

      • Government Tax ID and Proof of Registration or Receipt.

      • Corporate Operating Agreement.

3. Submission and Verification

  • Submit all required documents to your account manager.

  • Once all information is received, verified, and accepted, your account manager will proceed with processing your requests for XRBG token redemption.

4. Redemption Process

  1. Information Verification: Your information will be reviewed and approved.

  2. Electronic Agreement: Sign an electronic agreement confirming the redemption transaction details.

  3. Logistics Confirmation: Confirm your secure delivery address and all logistics details related to the delivery of your gold.

  4. Vault Custodian Action: The vault custodian will withdraw the equivalent gold from the vault and arrange for delivery to the approved secure address (shipping and handling fees included).

  5. Token Burning: Upon successful delivery confirmation, XRB DAO will burn the corresponding XRBG tokens from circulation.

To ensure security, physical gold delivery will only be made to addresses deemed secure for receiving high-value items. Each XRBG token is backed by 3 grams of gold, but upon redemption, the holder receives 1 gram of 0.9999 fine physical gold per token. The remaining 2 grams, which served as part of the reserve backing that token, revert to the XRB DAO treasury. This gold remains in reserve until additional gold is deposited into the vault, at which point it will be used to back newly minted XRBG tokens. This ensures the token’s backing and reserves are consistently maintained. Note that you will receive a maximum of 1 gram of gold per 1 XRBG token.

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