Token Distribution

All minted XRBG tokens belong directly to their holders, who have complete freedom to buy, sell, and transfer them at will. An XRBG token is de facto a digital ownership certificate. In classical wording it would be called a trust certificate.

On October 2nd, 2024, 7,000,000 XRBG tokens were minted. The bulk of these tokens are held by the original mining company (Kerix Jad Sac) of the tokenized gold, who may sell or transfer ownership of the gold at their discretion. After a sale XRBG tokens will be held by their respective owners.

The ADTA (Asset Digitization Trust Agreement) governs the minting, redemption, and burning of XRBG tokens.

Redemption, upon request by the token holder, will always be granted and cannot be refused, except in cases of criminal activity by the token holder. Redemption will be executed in a certain time frame to allow for correct and transparent administrative handling. On larger amounts a redemption time schedule will be agreed with token holders.

Token holders can redeem from 1kg bars, up to full-sized 12.5 kg London Good Delivery gold bars with shipping and handling fees applicable. Additionally, the XRB Gold app facilitates direct token-to-stablecoin exchanges, such as USDC, via secure P2P swaps. For peer-to-peer transactions occurring on-chain (via Ethereum or Polygon), there are no transaction fees-only the usual Ethereum and Polygon gas fees, which typically range from fractions of a cent to a few cents. Transaction fees may apply for transacting, on-ramping and off-ramping via the XRB DAO.

The smart contract is published on the blockchain, ensuring full transparency and immutability. Immutability means that no party can alter the agreed terms in the smart contract, protecting token holder ownership rights under the laws and regulations of the Kingdom of the Netherlands.