The future of gold investment
GoldZip (XGZ) is a digital token issued in Singapore by GoldZip Pte. Ltd. a wholly owned subsidiary of Chinese Gold & Silver Exchange. Each GoldZip token is backed by physical Gold stored in internationally renowned gold vaults highly trusted by the industry. Holders of GoldZip token may redeem GoldZip delivery bars upon compiling with AML requirements.
GoldZip Wallet
The future of gold investment
GoldZip (XGZ) is a digital token issued in Singapore by GoldZip Pte. Ltd. a wholly owned subsidiary of Chinese Gold & Silver Exchange. Each GoldZip token is backed by physical Gold stored in internationally renowned gold vaults highly trusted by the industry. Holders of GoldZip token may redeem GoldZip delivery bars upon compiling with AML requirements.
GoldZip Wallet
Features
Trusted
GoldZip (XGZ) is the first gold backed digital token issue by the subsidiary of Chinese Gold & Silver Exchange. The Exchange was established in 1910 and is the sole exchange in Hong Kong which trades physical gold and silver. The issuing company GoldZip Pte. Ltd is registered authorized dealer under the Precious Stone and Precious Metal Act in Singapore.
Low Transaction Fee
The transaction fee of XGZ is 0.01% and the Gas fee is 0.3 VSYS token. The total cost is less than USD 10 per 1kg of gold transferred
Reliable Source of Gold
XGZ is minted from selected brands of gold bar, gold bars are inspected before deposit into the vault.
How it works?
Going digital is the future of gold investment
GoldZip Creation Cycle
Blockchain Technology
GoldZip is deployed on V Systems which is a blockchain platform that supports an efficient and agile development of decentralized applications.
GoldZip is deployed on V Systems for the benefits of the followings:
Environment friendly
V Systems is using the Proof of Stake consensus mechanism, which does not require power consuming mining machines to maintain the integrity of the blockchain.
Speed, Scalability and Security
V Systems runs on high speed blockchain and it is scalable to meet the future needs. Also, the distributed network joint by the Super-node is the best defence mechanism against the 51 attack.
Smart contracts
A full stash of smart contract development tools empowered GoldZip to execute smart contracts natively on V Systems smart contracts.
Our Trading partner
ABT-DEX makes use of two blockchains for digital asset transfer, the V SYSTEMS and Ethereum Blockchain. Trade and earn from real asset-backed tokens, with an all-in-one decentralized platform.
GoldZip Facts
Exchange Rate
1 XGZ = 1 gram 99.99% fine gold
GoldZip Eligible Bar
Minimum 1 kilogram 999.9 parts per thousand fine gold
Minimum Transaction Size
0.0000001 XGZ [1]
Transaction Fee
0.01% of transaction amount (pay by sender only)
Minimum Transaction Fee
0.0000001 XGZ
Gas Fees [2]
0.3 VSYS per transaction
Physical Gold Redemption [3]
1,000 XGZ per Goldzip Delivery Bar
XGZ Wallet
Avaliable on IOS and Android
Blockchain
XGZ runs on V Systems blockchain
[1] Fees table (Transaction fee, storage fee and redemption fee etc) may vary, user should always refer to the latest Terms and Conditions and its attached Rules
[2] Gas fee is subsidized by a gas pool funded by V Systems community; gas pool might be terminated without prior notice.
[3] GoldZip token (XGZ) is relatively new in some jurisdiction; Interested parties should seek professional and independent advice. XGZ is not available to Hong Kong residents
Roadmap
2022 Q2
- Launch of GoldZip token (XGZ)
2022 Q3
- GoldZip will be listed on selected Centralized and Decentralized Exchanges
- Launch of GoldZip operation platform
2022 Q4
- GoldZip blockchain explorer will go-live, API toolkits will be available for public to extract GoldZip blockchain information
2023 Q2
- Launch of Defi application offered by 3rd party developers