The GoldPro Token (GPRO) is an ERC20 hybrid utility/payment token deployed on the Polygon Mainnet blockchain and has the benefit of being backed by gold reserves.

Each GPRO is backed by 1 gram of gold doré. It is not pegged to the price of gold and is not a stablecoin. Due to its many utilities, the price of GPRO can float.

The primary utility for GPRO is the ability to be staked to unlock a guaranteed discount of up to 11% on GEM NFTs (Tokenized gold). When GPRO tokens are staked, they can always be converted to GEM NFTs with a discount on the weight of each token (1 GPRO = 1 gram of Gold). For example, if GPRO is below the price of 1 gram of gold, IPMB guarantees 1:1 conversion from GPRO to GEM, maintaining GPRO’s intrinsic value of 1 gram of gold and protecting token holders. If the price of GPRO is above the price of gold, then the conversion rate is floating based on the price of both GPRO and Gold to maximise the conversion incentive and not to draw downward pressure on GPRO. 

GPRO can also be used to purchase goods and services at a discount from many retailers.

A GEM NFT represents a promissory note for the physical delivery of LBMA-accredited gold represented as a digital asset issued on the blockchain. It can be transferred, traded, or redeemed for physical gold under certain conditions.

You can obtain a GEM NFT in two ways:

• By Staking your GPRO Tokens to earn a discount on conversion.
• Using the Instant Buy feature where you can obtain a GEM NFT paying a Premium fee (without any staking discount).

Yes. Once minted, a GEM NFT is fully transferable and can be transferred, or traded on supported secondary marketplaces.

• A GEM NFT holder, has the right to redeem the physical gold backing the NFT once it reaches 1 year from its minting date (Redemption Period). 
• You must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) verification.

• Redemption requests will be processed per the applicable terms.

• Yes, you must pay gas fees in the native token of the blockchain network when converting or transferring GEM NFTs. The fees depend on network conditions at the time of the transaction.

• The value of GEM NFTs may fluctuate due to market conditions, liquidity, gold price volatility, and regulatory risks.
• There are no guaranteed financial returns or protection from market changes.
• Investing in digital assets carries risks, including the potential loss of funds.

There are no fees for GEM NFT holders. IPMB covers all insurance, storage, and management costs, ensuring zero charges.

Yes, IPMB’s gold reserves are reported by Grant Thornton through agreed-upon procedures. All operations comply with international quality and ESG standards, including LBMA guidelines.

IPMB Group is based in Cyprus but has other operating entities worldwide in countries such as the Czech Republic, Switzerland, Ghana, and more.

GPRO can be converted into GEM NFTs. The conversion mechanism is based on the price of GPRO relative to the price of gold.

The exchange rate from GPRO to GEM NFTs is variable and changes from a fixed rate to a floating rate depending on the price of GPRO in relation to the price of gold.

For example, if GPRO is below the price of 1 gram of gold, IPMB guarantees 1:1 conversion from GPRO to GEM, maintaining GPRO’s intrinsic value of 1 gram of gold and protecting token holders.

If the price of GPRO is above the price of gold, then the conversion rate is floating to maximise the conversion incentive and not to draw downward pressure on GPRO. This means that if GPRO is worth twice as much as 1 gram of gold, and you would like to convert to 100 grams of GEM, you would only need to tender 50 GPRO tokens – this example assumes no discounts unlocked through staking, with an 11% discount on GEM, in this case you would tender just 44.5 IPMBs for a GEM100.

The gold is securely stored in LBMA-standard vaults at audited and approved locations globally.

Yes, GEM NFTs represent allocated gold, ensuring each token is tied to a specific amount of physical gold.

Each GPRO is backed by 1 gram of gold. However, it is not a stablecoin, which means it is not pegged by gold. The price is floating and can diverge from the price of gold.

No, GEM holders pay no storage or insurance fees for the first 3 years after physical redemption maturity. IPMB absorbs these costs as part of its industrial operations.

Yes, GPRO is capped at 200 million tokens, and no more tokens can ever be minted.

Yes. All of our operations adhere to the highest standards and beyond. IPMB’s physical locations are assisted by company programs to provide essential healthcare and other support services to our team and local communities.

GPRO is backed by gold reserves, providing stability through staking. Holders can always convert GPRO to GEM NFTs at a 1:1 rate when GPRO’s price falls below the value of gold.

GEM NFT value is based on IPMB’s spot price for gold, aligned with global market standards.

GPRO staking involves locking your GoldPro Tokens for a predetermined period, allowing you to earn discounts on GEM NFTs—digital assets representing physical gold. This process not only provides potential savings but also offers a way to preserve and grow your wealth.

When you stake GPROs, they are locked in a smart contract for a chosen duration. Upon completion of this period, you’re eligible to convert your staked tokens into GEM NFTs at a discounted rate, with the discount percentage increasing based on the length of the staking period. By staking GPROs, you can convert them into GEM NFTs, which represent physical gold, at a discounted rate. This ensures your tokens retain their value and offer potential savings.

Unstaking withdraws you from the conversion process, meaning:

• You forfeit any earned discount when converting to a GEM NFT.
• You receive your GPRO tokens back.
• All accumulated staking benefits are lost and cannot be recovered.
• You can re-stake to earn a new discount or use the Instant Buy feature.

⚠ This action is irreversible.

• Your staked GPRO tokens will be burned permanently, based on the Conversion Formula.

• Any earned discount will be returned to you in GPRO tokens.

• You must pay gas fees to complete the transaction.

• Once issued, your GEM NFT is fully transferable and can be sold or traded.

⚠ This action is final and irreversible.

• No. Once confirmed on the blockchain, staking, unstaking, and conversion transactions are final and irreversible.

IPMB offers four staking durations, each with a guaranteed discount on GEM NFTs:

• 3 months: 2% discount
• 6 months: 5% discount
• 9 months: 8% discount
• 12 months: 11% discount

Longer staking periods yield higher discounts on your gold-backed assets.

By staking GPROs, you can:

• Acquire gold at a discount: Convert staked tokens into GEM NFTs with up to an 11% discount, depending on the staking period.
• Preserve wealth: GEM NFTs provide ownership of physical gold, a traditional hedge against inflation and economic uncertainty. By staking GPROs, you can convert them into GEM NFTs, which represent physical gold, often at a discounted rate, while always being guaranteed at least the weight of each GPRO. This ensures your tokens retain their value and offer potential savings.
• Hedging via staking: Through staking you are guaranteed a 1:1 conversion rate plus discount in the case GPRO trades below gold. When GPRO’s value rises above gold’s price, the conversion becomes value-based rather than strictly 1:1. This means you exchange fewer GPROs for the same amount of tokenized gold, allowing you to capitalise on market gains.
• Enjoy fee-free gold ownership: GEM NFTs come with no storage or insurance fees, enhancing the value of your investment.

The minimum staking amount corresponds to the GEM NFT you wish to acquire. For example, to obtain a GEM20 NFT (representing 20 grams of gold), you need to stake 20 GPROs. The smallest GEM NFT available is a GEM1 – 1 gram of gold.

Unstaking before the end of the staking period is subject to specific terms and conditions. Early unstaking results in forfeiting any accrued discounts. It’s essential to review the staking terms carefully before committing your tokens.

To begin staking:

1. Access the Staking Portal: Visit the IPMB console through the official website.
2. Connect Your Wallet: Connect your digital wallet containing GPROs to the platform.
3. Pass the KYC approval process.
4. Select Staking Terms: Choose your preferred staking duration and confirm the amount to stake.
5. Confirm the Transaction: Authorise the staking transaction through your wallet.

Detailed instructions are available on the IPMB social media channels.

Upon completion of the staking period, you have the option to:

• Convert to GEM NFTs: Utilise your accrued discounts to acquire GEM NFTs at a reduced rate.
• Unstake Your Tokens: Withdraw your GPROs back to your wallet, noting that unstaking without conversion may forfeit the earned discounts.

While staking offers numerous benefits, it’s essential to be aware of potential risks, including:

• Market volatility: The value of GPROs and gold can fluctuate. 
• Liquidity constraints: Staked tokens are locked for the chosen period, limiting immediate access.
• Regulatory changes: Shifts in laws or regulations could impact the staking process.

It’s advisable to thoroughly review the staking terms and assess your financial situation before participating.

By using the service, you acknowledge and accept:

• GoldPro Staking Terms and Conditions -> https://www.ipmb.com/goldpro-staking-terms-and-conditions 

• GEM NFT Conversion Terms and Conditions -> https://www.ipmb.com/gem-conversion-terms 

• IPMB’s Terms of Service -> https://www.ipmb.com/terms-and-conditions/ 

These documents contain all legal and operational details regarding GEM NFTs.

Minting a GEM NFT is simple:

• Use the Instant Buy feature on the IPMB console to convert GoldPro Tokens (GPRO) into GEM NFTs.
• If you’ve staked GPRO tokens, you can mint at a discount based on your staking period, reducing the GPRO required.

GPRO tokens are exclusively used to mint new GEM NFTs. This is done by burning GPRO through either:

• The Instant Buy feature.
• Utilizing staked GPRO for discounted minting.

While existing GEM NFTs can be traded on secondary markets using various tokens, new GEM NFTs can only be minted with GPRO.

1. By staking GPRO tokens, you can enjoy the following discounts on GEM NFT, based on the staking period:

These discounts reward long-term holders and encourage participation in the IPMB ecosystem, reducing the amount of GPRO tokens needed to mint GEM NFTs, effectively saving tokens for other uses.

No. GEM NFTs come with zero storage, insurance, or management fees for the first three years, making them a cost-effective way to own investment-grade gold.

Yes. After a 12-month holding period, you can redeem your GEM NFT for the equivalent physical gold.

• Free redemption is available for holdings over 100 grams.
• Smaller redemptions may incur delivery fees as per IPMB policies.

You can mint GEM NFTs representing as little as 1 gram of investment-grade gold, making gold ownership highly accessible.

The value of a GEM NFT is directly linked to the market price of gold. For example, a GEM100 NFT reflects the real-time price of 100 grams of 24-carat gold.
On secondary markets, pricing may also consider:

• Time remaining in the fee-free period.
• Amount of gold in the NFT.
• Maturity period and market demand.

Yes. All gold backing GEM NFTs is fully traceable to its original mine and meets Environmental, Social, and Governance (ESG) standards. This ensures compliance with international ethical sourcing guidelines, making GEM NFTs ideal for socially responsible investors.

GEM NFT owners may receive annual loyalty rewards in the form of additional physical gold. This feature turns gold into a positive carry asset, beyond its traditional role as a store of value, offering a unique incentive for long-term holding within the IPMB ecosystem.

To add GEM NFTs to your Web3 wallet:

• Contract Address: 0x6878c8851e78ab10777753f5c79a5478bd1b2a3b
• NFT ID: Locate the TXID of the mint transaction and enter the specific GEM NFT ID.