• Backed, Not Pegged
  While each GPRO is backed by 1 gram of gold, it is not pegged to gold’s price. This flexibility enables the token’s value to appreciate as adoption grows.
  
  Staking Discounts with Guaranteed Conversion: When GPROs are staked, holders are guaranteed the ability to convert at least one GPRO into one gram of GEM NFT gold upon staking maturity, regardless of the token’s market price. At the same time, token holders benefit from additional discounts on gold conversion based on the staking band selected, making it even more rewarding.
  
  
• Dual-Token Mechanism
  • GoldPro Token (ERC-20): A fungible token with a fixed maximum supply of 200 million, gradually released over 8–10 years.
  • GEM NFTs (ERC-721): Non-fungible tokens pegged to 24-carat, LBMA-certified investment-grade gold. Each GEM NFT represents fixed quantities of physical gold and can be redeemed for actual gold.
    
    
• Collateralization Condition
  To ensure stability and value, GPROs are minted only when the Gold Reserves (in grams) are at least 150% of the circulating supply of GPRO plus the weight of GEM NFTs in grams.
  
  Gold Reserves in grams >= (Circulating GPRO Supply * 150%) + Weight of issued GEM NFTs in grams.
  

This ensures that the circulating GPRO supply and issued GEM NFTs are always backed by physical gold reserves. This is verified by Grant Thornton through monthly agreed upon procedures verification reports.

The GoldPro Token supply is strategically vested over time to support the growth of the IPMB Ecosystem, build investor confidence, and meet operational requirements. Here’s a detailed breakdown of its allocation:

This carefully designed vesting strategy reflects IPMB’s commitment to long-term sustainability, ensuring a steady release of tokens to avoid sudden market disruptions. To maintain transparency and trust, all token releases are managed through multi-signature wallets, strictly adhering to collateralisation conditions and promoting accountability within the ecosystem.

GPRO’s release schedule is designed to promote ecosystem growth while ensuring market stability. This structured, phased approach supports operational needs, builds investor confidence, and fosters trust within the community. Let’s break down how the release schedule works:

• Gradual Vesting for Sustainable Growth
  

  The GPRO release is guided by a phased vesting model that emphasises stability and long-term development:
  • Encouraging Steady Growth: Tokens are unlocked progressively over 8–10 years to provide consistent support for the ecosystem’s expansion.
  • Minimising Market Volatility: By avoiding sudden increases in token supply, IPMB protects the market from disruptions and ensures a stable environment for token holders.

• Governance and Security

The release process is underpinned by robust security and governance practices to safeguard the ecosystem:

• • Multi-Signature Wallets: All token releases are managed through secure multi-signature wallets, adding an extra layer of security and ensuring accountability.
  • Strict Adherence to Collateralization: Each release complies fully with the collateralisation conditions, ensuring that circulating tokens are always backed by gold reserves.
  • Transparency and Oversight: Regular updates and reports keep stakeholders informed about the release process, reinforcing trust and transparency within the community.
    
    

• Strategic Token Allocation

The release schedule is aligned with the ecosystem’s milestones and priorities to maximise its impact:

• • Development and Operations: Tokens are released in tandem with the project’s operational needs, ensuring sufficient resources for scaling and innovation.
  • Community Incentives: A dedicated portion is reserved for initiatives such as rewards, staking programs, and other incentives to drive engagement and participation.
  • Institutional Partnerships: Gradual allocation to institutional partners fosters long-term collaboration and strengthens ecosystem support.

By combining a clear, phased-release strategy with strong governance and transparent processes, IPMB ensures that the GPRO Token remains a stable and valuable asset for all stakeholders. This approach not only secures the project’s foundation but also creates a sustainable path for future growth.

The burning mechanism is a pivotal feature of the IPMB Ecosystem, designed to enhance the long-term scarcity and value appreciation of GPRO. Here’s how it works:

• Conversion to GEM NFTs
  When GPROs are converted into GEM NFTs, they are permanently burned, meaning they are removed from circulation. This process directly reduces the overall token supply and links GPROs to tangible, gold-backed assets.
  
  
• Decreasing GPRO Supply
  Each burn event lowers the circulating supply of GPRO. As more tokens are converted into GEM NFTs and burned, their scarcity increases, potentially driving upward price pressure due to reduced availability.
  
  Conversion Process Overview
  The conversion process is streamlined and ensures both transparency and efficiency:

• • User Request: The user initiates a request to convert GPROs into GEM NFTs.
  • Smart Contract Interaction: The GEM NFT Smart Contract communicates with the GPRO Smart Contract to execute the burn.
  • Discount Refunds: Any applicable discounts during the conversion process are refunded in GPROs directly to the user’s wallet.
  • Final Burn and Issuance: The remaining GPROs are burned, and the corresponding GEM NFTs are issued to the user.
    
    
• Utility and Deflation
  By linking GoldPro token conversions to physical, gold-backed GEM NFTs, the ecosystem ensures both practical utility and a deflationary mechanism. This dual benefit:

• • Incentivizes Participation: Users are rewarded with tangible, gold-backed assets.
  • Aligns Long-Term Value: The burning mechanism reduces supply over time, aligning with investor incentives and contributing to sustainable value appreciation.

Through this balanced approach, IPMB creates a robust ecosystem where utility, scarcity, and tangible value coexist, ensuring GPRO remains a compelling asset for investors.

GPRO is uniquely backed by physical gold, providing a foundation of stability and trust for the ecosystem. Here’s how the gold reserves play a vital role:

Fixed Maximum Supply

The GPRO supply is capped at 200 million tokens, equivalent to 200 tons of gold. This cap reflects IPMB’s projected gold mining and sourcing output over the next 10 years, ensuring that every token is backed by real, tangible assets.

Gold Reserve Growth

Proceeds from the issuance of GPROs are reinvested to acquire gold over the next decade. This strategy strengthens the token’s value foundation and supports the ecosystem’s long-term sustainability.

Gold Reserve Growth

Proceeds from the issuance of GPROs are reinvested to acquire gold over the next decade. This strategy strengthens the token’s value foundation and supports the ecosystem’s long-term sustainability.

Grant Thornton is providing us with an Agreed Upon Procedures report regarding the reserves in Gold.

GPROs are central to IPMB’s versatile ecosystem:

1. Democratizing Gold Access: Convert GPROs into GEM NFTs, redeemable for 24-carat gold.
2. Staking Rewards: Earn guaranteed discounts on the smart contract level, of up to 11% on GEM NFTs by staking GPROs.
3. Vendor Discounts: Exclusive benefits from partnerships with premium vendors.
4. Future Gold-Backed Loans: Planned integration for collateralised loans using GEM NFTs.

To maintain transparency and security, IPMB employs multi-signature wallets via Gnosis Safe for all token operations. These wallets require 3 out of 4 authorised signatures, ensuring:

• Controlled token releases according to vesting schedules.
• Verification of reserves before token issuance.
• Compliance with the collateralisation condition.

Below is the list of Gnosis Safe contract addresses on Polygon PoS Mainnet:

The vested tokens from each allocation category are minted by interacting with the GPRO smart contract and distributed to the respective multi-signature wallets on Polygon PoS Mainnet.

The governance model emphasises controlled token releases and long-term alignment:

• On-Chain Cliff Vesting: Founders’ tokens undergo a 6-month cliff, followed by a 93-month linear release.
• Multi-Signature Safeguards: All transactions require multi-signature authorisation, ensuring robust security.
• Community Alignment: Extended vesting periods align founders’ interests with community growth.
• Security and Control: Multi-signature wallets add a layer of security, as multiple authorised signatures are required to approve transactions. This mitigates risks like unauthorised access or misuse of funds.
• Transparency: Token distributions can be tracked on-chain. Allocating tokens to specific wallets tied to clear purposes (e.g., Founding Team, Treasury) ensures transparency for investors and community members.
• Compliance: By holding tokens in controlled wallets, compliance with regulations and internal policies (e.g., vesting schedules and collateralisation conditions) is easier to enforce.
• Operational Flexibility: Multi-signature wallets provide a reliable mechanism to approve and execute complex operations like token releases, transfers, or staking activities.
• Alignment with Decentralization: Multi-signature wallets align with blockchain principles, fostering trust by decentralising control over the funds.

The GPRO tokenomics model underscores IPMB’s commitment to transparency, security, and investor alignment. By leveraging blockchain technology and gold-backed stability, GPRO offers a compelling value proposition for investors seeking both digital innovation and tangible asset security.