A key component of our ecosystem is the IPMB Token, our hybrid payment/utility token.

Each IPMB Token is backed by a gram of gold yet is not a stablecoin.  Its value is free to float and diverge from the price of gold. This is because other factors can add value and impact the price of the token, such as token utility, where other use cases may encourage market demand for the IPMB Token and, therefore, make it a more valuable digital asset.

IPMB Tokens can be converted to GEM NFTs (Globally Exchanged Metal Non-Fungible Tokens), which are redeemable for specifically allocated amounts of gold. Unlike IPMB Tokens, a GEM NFT’s price is equivalent to gold’s price.

This ability to convert IPMB Tokens to a Stable-NFT (where the digital asset has a stable real-world value) provides IPMB Tokens with a floor price, a price at which, in theory, the IPMB Token should not trade below for long periods of time because IPMB Tokens can be used to obtain physical gold, and that value is constant for the IPMB Token.

IPMB Tokens can be staked to unlock a discount on GEM NFTs – digital representations of physical gold bars and coins which can be physically redeemed. The maximum discount that can be unlocked is 11% – this means IPMB Tokens can be used to gain an 11% discount for purchasing real gold.

IPMB Tokens are also accepted as payment by multiple vendors.  IPMB has launched its own platform to showcase these vendors – IPMB Vantage.  Vantage provides IPMB Token holders with a platform to purchase premium goods and service providers that accept IPMB Tokens at a discount.  IPMB is also developing IPMB Marketplace to allow businesses to sell items directly for IPMB Tokens.