xbullion is a digital token where one token represents one gram of gold.
Through the application of blockchain for asset management xbullion is able to provide partners with direct wholesale pricing for .9999 gold bullion, secure storage without a management fee and the ability to transfer ownership 24/7/365 near instantly.
xbullion's token tracker and ticker is "GOLD".
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Each xbullion token is 100% backed by 1 gram of .9999 gold bullion supplied by Baird & Co.
Gold is vaulted in geo-dispersed locations and is 100% insured.
When the xbullion token is transferred on the Ethereum network, xbullion charges an inclusive 19bps fee in GOLD. The Ethereum network will also charge a "gas fee" in Ether (Ethereum's native currency).
Exchange partners may choose to charge seperate fees.
Yes. xbullion is able to ship physical gold bullion to most major cities through an insured courier service.
Minimum requirement for redemption is 1000 tokens. Redemptions are processed in 1000 token increments.
Yes. xbullion tokens are able to be fractionalised to 0.00000001.
xbullion was developed to be a best-in-class institutional grade product. Security is provided through audits, insurance, geo-dispersed vaulting providers, world renowned gold supplier partnerships and the application of a decentralised secure network.
Comprehensively audited through reputable accounting firm BDO. xbullion is able to allocate serial numbers and audit reports are made available.
The xbullion smart contracts are also comprehensively audited.
xbullion's supplier is one of the largest refineries and OTC bullion desks in the world.
The innovative fee model, enabled by the blockchain, allows xbullion to provide direct wholesale pricing.
A decentralised secure network creates an immutable ledger of transactions that cannot be tampered with or hacked and is held on thousands of computers globally guaranteeing that the registry is continually live.
xbullion tokens can be traded globally and instantly on a network that never stops.
xbullion tokens can be purchased through our partner exchanges and OTC desks.
xbullion tokens are built on the Ethereum network adhering to the ERC20 standard.
Tokens can be sent from exchanges to third party Ethereum ERC20 compatible wallets.