GeM NFTs
The modern-day solution to gold ownership. Store and manage your gold free of charge on the blockchain with GeM.
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Learn about GeM NFTs
Watch this video for an overview of how GeM solves the problems associated with gold ownership
Real. Digital. Gold.
GeM NFTs in detail
Globally exchanged Metal, (GeM) NFTs, are unique tokens representing quantified and specific allocations of physical gold. GeM NFTs allow direct access and exposure to tokenized gold without any fees traditionally associated with gold ownership such as storage, insurance and management. Furthermore, traditional gold exposure methods include annual fees, whereas GeM NFT holders not only face no-fee access to gold, but also may receive loyalty rewards in the form of physical gold.
Each GeM NFT is minted in standard quantities, for example, a GeM100 represents a promissory note, guaranteeing delivery of 100 grams of gold after 12 months. The price of each GeM sold is pegged to the price of gold based on the value of the underlying gold.
Standard GeMs are minted in the following denominations: GeM1, GeM2.5, GeM5, GeM10, GeM20, GeM50, GeM100, GeM250, GeM500, GeM1000, GeM5000, GeM12500. GeM100s or higher can be redeemed free of charge for the token holders. GeMs of a smaller denomination can also be redeemed but at a fee.
All the underlying gold can be fully traced from the mine to the vault and in the cloud. Every step of the production and storage of our investment-grade gold bars and coins is recorded and stored on paper but also within the metadata of each GeM NFT. This allows for direct ownership of the most compliant, responsible and transparent gold in the world. GeMs are set to launch towards the end of Q2 2024. They’ll be purchasable at a discount with IPMB Tokens but also at a spot price with fiat and popular cryptocurrencies. This system will be housed on the IPMB wallet app.
GeM1
1 gram
$65
GeM2.5
2.5 gram
$65
GeM5
5 gram
$65
GeM10
10 gram
$65
GeM20
20 gram
$65
GeM50
50 gram
$65
GeM100
100 gram
$65
GeM250
250 gram
$65
GeM500
500 gram
$65
GeM1000
1000 gram
$65
GeM12500
12500 gram
$65
Bespoke GeM
Any
$65 Per Gram
Staking
Converting IPMB Tokens to GeM NFTs
IPMB tokens offer staking rewards, where token holders can receive discounts on GeM NFTs, based on the duration of staking.
The conversion rate from IPMB Tokens to GeM NFTs is floating and changes depending on the price of gold and the price of the IPMB Token.
If the price of IPMB falls below the price of 1 gram of gold, then IPMB guarantees a conversion rate of 1 IPMB to 1 gram of GeM NFT, protecting the weight value of the IPMB Token.
In the case where IPMB Tokens are worth more than 1 gram of gold, then to convert IPMB Tokens to GeM, you only exchange the value equivalent of IPMB Tokens.
For example, assume IPMB Tokens are worth twice the price of 1 gram of gold, and you have staked for 12 months for an 11% discount.
For a GeM100, you would only need to tender 44.5 IPMB Tokens for the conversion, after staking 50 IPMB Tokens.
This mechanism protects IPMB holders when the price falls below the underlying price of gold, but maximises the value of their tokens when the price is above that threshold.
The reward structure for staking IPMB Tokens is as follows:
Discount%
2%
5%
8%
11%
Staking Period
3 Months
6 Months
9 Months
12 Months
Discount%
2%
5%
8%
11%
Staking Period
3 Months
6 Months
9 Months
12 Months
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