FREQUENTLY ASKED QUESTIONS
What is the IPMB token?
IPMB stands for International Precious Metals Bullion.
It is a digital currency released on the world wide blockchain and enjoys the benefit of being backed by unallocated investment grade gold.
At the launch, 1 IPMB token will be issued as equivalent to 1 gram of investment grade gold.
What is the GeM NFT?
GeM stands for Globally Exchanged Metal. It is a digitized NFT of precious metals. Standardized GeMs may only be bought with IPMB tokens.
GeM is a gold backed NFT which is freely tradable and gives holders a flat yield on its first year of existence. Yield for 2022 would be 3%.
What are the fees and charges?
There are no costs associated with GeM Tokens:
- There is no delivery, logistics, nor insurance costs;
- There are no storage or management costs;
- There is no GeM transfer cost.
Fees are charged for:
Delivery of physical metal when holders wish to convert from IPMB token to physical metal and to have it delivered as per our terms and conditions.
Is IPMB regulated and who audits its holdings?
IPMB vaulted stocks are audited by Ernst & Young, SGS Switzerland and Brinks Global Logistics.
All its gold sourcing and supply is performed by parties regulated and certified by “Fairtrade”, the LBMA, the EPMF, and follow all OECD guidelines.
Where is IPM Ltd based?
IPMB is a company registered and operated in Cypris.
How do I buy IPMB?
In the current round of sales IPMB tokens are directly credited to buyers wallets.
In September 2022 IPMB will be available on Pancake swap platform for all to buy and sell.
In Q4 IPMB will be available on various exchanges such as Kraken and Binance for all to buy and sell.
Does IPMB provide online technical support?
Any inquiry can be sent to our 24/7 support by email: support@ipmb.io
How will GeM pay my yield?
The yield is paid as an upfront discount on the gold spot price, on the basis of a 12-month holding. If GeMs are converted back into IPMB within the first 12 months, the prorata temporis upfront discount will be repaid to IPMB Ltd.
What can IPMB be converted into?
IPMB can be converted into GeM NFTs, which can be freely converted back at any moment into IPMB. (1% fee apply in the first 12 months, totally free after).
IPMB will be trading on different exchanges/liquidity pools and will be able to be exchanged into the main cryptos and fiat currencies.
Where is the physical precious metal held? Where are the vaults?
As at August 2022 IPM Ltd physical vaults are held in London United Kingdom, Geneva Switzerland, Dubai Emirates. The vaults are independently managed by Sharps Pixley and by Brinks Global Services.
Is GeM gold allocated?
Yes. All physical precious metals held by IPM Ltd are directly allocated to specific GeM tokens.
Is IPM Ltd a qualified custodian?
IPM Ltd will set up IPM Trust which will be a registered and certified custodian from December 2022 and will manage its own vaulting facilities across the globe.
Is IPMB backed by gold?
Yes and No. For each newly issued IPMB token, IPMB Ltd produces the equivalent of refined gold and holds it in vault. As a consequence, IPM Ltd permanently holds a quantity (in grams) of unsegregated gold equal to the number of outstanding and not burned IPMB tokens.
However, IPMB tokens do not formally give their holders direct access to gold in vault. Down the road, IPMB holders can nevertheless access physical gold by asking for conversion of their IPMB tokens into GeM tokens.
Does IPM Ltd or GeM charge storage and insurance?
GeM is the only gold backed and gold related token that does not charge additional fees for storage and insurance of physical gold holdings that belong to the cryptocurrency owners.
IPMB’s industrial activity covers all storage costs and insurance fees. There is zero cost to holding gold with GeM.
How does IPM Ltd generate the remuneration of IPMB holders?
GeM holders receive a flat yield and IPMB holders may receive occasional airdrops on their holdings. This remuneration is derived from the physical trading, physical mining, and refining process undertaken by IPM Ltd.
IPMB tokens also generate income from certain trading transactions on the blockchain. This income is also distributed to IPMB token holders.
Is there a guaranteed amount IPM Ltd will pay to IPMB holders as profit share annually?
No. IPMB token holders are rewarded with special promotional events at various times during every year resulting airdrops to their accounts increasing the value of their holdings.
Is Bitcoin backed by real assets?
No, Bitcoin is not backed by gold nor by any tangible or intangible asset. Its underlying value derives from demand, usability, acceptance, and technological value.
Conversely, crypto-currencies backed by gold, assets, or other things, have their value judged/determined by the price or value of underlying assets that back them.
Which crypto-currencies are backed by assets?
Multiple crypto-currencies are backed by (some) gold, including Tether Gold, DigixGlobal, Paxos Gold, Goldcoin, Perth Mint Gold, and Meth Gold. Other crypto-currencies are backed by (some) fiats like US Dollar including Tether, USD Coin, Dai, TrueUSD, Paxos Standard, Binance USD, Gemini Dollar, and Palladium Coin.
Is there an unlimited supply of IPMB tokens?
No. There will be a maximum number of 500 millions IPMB tokens created over time.
Does IPM Ltd operate to LBMA, EPMF, OECD standards?
Our gold supply and product is processed and made by refiners and sources that are members, certified and compliant to LBMA, EPMF, and OECD standards.
In many situations IPM Ltd operates
How is IPMB better than gold coins such as PAXOS or Reserve Trust or even Bitcoin?
We do everything digital ETf’s do, everything collateralised digital coins do and everything businesses like Reserve Trust Gold/ PAXOS and Bitcoin do. In addition we:
- Pay a yield on your GeM holdings on the date of minting
- AND don’t charge you storage or insurance
- AND you can convert directly to top 5 crypto or top five fiat
- AND we own our exchange to ensure source of funds
- AND we have a banking license to make payments
- AND we are available on global mobile payment systems such as MTN and Vodafone
- AND are supported by the UNITED NATIONS
- AND we ensure all our gold is fair-trade and green
- If you just hold reserve trust and the price goes nowhere…you lose 1.5% per year
- If you hold GeM you earn a yield and no cost and you can exchange for physical.
- We are the game changer.
- We will be compliant for family offices, banks and pension funds.
- Gold holders can give us their physical metal and we credit them tokens instantly.
- They can earn a yield and convert back after a year.
Is IPM Ltd precious metal Fairtrade?
Yes. All metal sourced through IPMB Ltd cannot exceed the Fairtrade pricing system
to higher standards than these providing further surveillance and providing environmental, social, and local governance at source all the way through to the finished product.
Does IPM Ltd operate antislavery, anti human trafficking, AML and environmental policies?
Yes. All our operations adhere to the highest standards and beyond. IPMB source locations are assisted by the IPMB programs to provide essential healthcare and support facilities.
IPMB stands for International Precious Metals Bullion.
It is a digital currency released on the world wide blockchain and enjoys the benefit of being backed by unallocated investment grade gold.
At the launch, 1 IPMB token will be issued as equivalent to 1 gram of investment grade gold.
GeM stands for Globally Exchanged Metal. It is a digitized NFT of precious metals. Standardized GeMs may only be bought with IPMB tokens.
GeM is a gold backed NFT which is freely tradable and gives holders a flat yield on its first year of existence. Yield for 2022 would be 3%.
There are no costs associated with GeM Tokens:
- There is no delivery, logistics, nor insurance costs;
- There are no storage or management costs;
- There is no GeM transfer cost.
Fees are charged for:
Delivery of physical metal when holders wish to convert from IPMB token to physical metal and to have it delivered as per our terms and conditions.
IPMB vaulted stocks are audited by Ernst & Young, SGS Switzerland and Brinks Global Logistics.
All its gold sourcing and supply is performed by parties regulated and certified by “Fairtrade”, the LBMA, the EPMF, and follow all OECD guidelines.
IPMB is a company registered and operated in Cyprus.
In the current round of sales IPMB tokens are directly credited to buyers wallets.
In September 2022 IPMB will be available on Pancake swap platform for all to buy and sell.
In Q4 IPMB will be available on various exchanges such as Kraken and Binance for all to buy and sell.
Any enquiry can be sent to our 24/7 support by email: support@ipmb.io
IPMB can be converted into GeM NFTs, which can be freely converted back at any moment into IPMB. (1% fee apply in the first 12 months, totally free after).
IPMB will be trading on different exchanges/liquidity pools and will be able to be exchanged into the main cryptos and fiat currencies.
IPM Ltd will set up IPM Trust which will be a registered and certified custodian from December 2022 and will manage its own vaulting facilities across the globe.
Yes and No. For each newly issued IPMB token, IPMB Ltd produces the equivalent of refined gold and holds it in vault. As a consequence, IPM Ltd permanently holds a quantity (in grams) of unsegregated gold equal to the number of outstanding and not burned IPMB tokens.
However, IPMB tokens do not formally give their holders direct access to gold in vault. Down the road, IPMB holders can nevertheless access physical gold by asking for conversion of their IPMB tokens into GeM tokens.
GeM is the only gold backed and gold related token that does not charge additional fees for storage and insurance of physical gold holdings that belong to the cryptocurrency owners.
IPMB’s industrial activity covers all storage costs and insurance fees. There is zero cost to holding gold with GeM.
GeM holders receive a flat yield and IPMB holders may receive occasional airdrops on their holdings. This remuneration is derived from the physical trading, physical mining, and refining process undertaken by IPM Ltd.
IPMB tokens also generate income from certain trading transactions on the blockchain. This income is also distributed to IPMB token holders.
Multiple crypto-currencies are backed by (some) gold, including Tether Gold, DigixGlobal, Paxos Gold, Goldcoin, Perth Mint Gold, and Meth Gold. Other crypto-currencies are backed by (some) fiats like US Dollar including Tether, USD Coin, Dai, TrueUSD, Paxos Standard, Binance USD, Gemini Dollar, and Palladium Coin.
Our gold supply and products are sourced, purchased and processed by fully compliant entities following all local and international laws, recommendations and guidelines. This is then certified by our auditors.
We do everything digital ETf’s do, everything collateralised digital coins do and everything businesses like Reserve Trust Gold/ PAXOS and Bitcoin do. In addition we:
- Pay a yield on your GeM holdings on the date of minting
- AND don’t charge you storage or insurance
- AND you can convert directly to top 5 crypto or top five fiat
- AND we own our exchange to ensure source of funds
- AND we have a banking license to make payments
- AND we are available on global mobile payment systems such as MTN and Vodafone
- AND we ensure all our gold is fair-trade and green
- If you just hold reserve trust and the price goes nowhere…you lose 1.5% per year
- If you hold GeM you earn a yield and no cost and you can exchange for physical.
- We are the game changer.
- We will be compliant for family offices, banks and pension funds.
- Gold holders can give us their physical metal and we credit them tokens instantly.
- They can earn a yield and convert back after a year.
Yes. All metal sourced through IPMB Ltd cannot exceed the Fairtrade pricing system
to higher standards than these providing further surveillance and providing environmental, social, and local governance at source all the way through to the finished product.
Yes. All our operations adhere to the highest standards and beyond. IPMB source locations are assisted by the IPMB programs to provide essential healthcare and support facilities.