Introduction to IPMB
Meet International Precious Metals Bullion – IPMB, a new cryptocurrency launching on Monday, 30th October 2023. Unlike most cryptocurrencies, IPMB is special and unique because it’s backed by actual physical gold. Each IPMB is equivalent to one gram of gold.
How Does IPMB Work?
IPMB introduces an exciting way to deal with gold. It operates a dual-token model consisting of IPMB Tokens and GeM NFTs (Globally exchanged Metal Non-Fungible-Tokens)
IPMB Tokens: These are like unique digital coins. You can use them to get discounts when switching to our GeM NFT or other things from selected luxury brands and global retailers. IPMB tokens also give you the right to participate in all community events such as quests and voting rights.
GeM NFTs: Think of these as secure digital certificates proving you own a certain amount of real gold. The gold is allocated directly to your GeM NFT. You are the owner. The gold is kept safely for you and insured in third party vaults. You do not carry any of the usual costs of insurance, security and management fees. IPMB covers all these costs. You can even redeem your GeM NFT for actual physical gold after 12 months of holding.
IPMB Tokens and GeMs are separate entities and it is perfectly fine to simply hold IPMB tokens as an investment vehicle and store of value just as you would with other cryptocurrencies.
GeMs seek to offer a more stable investment by holding a virtual certificate to physical gold stored in our vaults, whilst receiving annual rewards for holding GeMs.
Explaining IPMB Tokens
IPMB Tokens are the native currency of the IPMB ecosystem.
The value of an IPMB token is linked to the price of 1 gram of gold with the addition of the utility we can bring to the token.
Each IPMB Token represents 1 gram of physical gold held in the IPMB ecosystem.
With added utility, IPMB Tokens have the ability to significantly diverge from the price of gold.
Explaining GeM NFTs
GeM NFTs are 1:1 backed by physical gold. The most common standard GeMs for sale are; GeM10, GeM100 and GeM1000 – the number representing the weight in grams of Gold behind each GeM NFT. GeM’s can also be minted bespoke as per the clients needs, eg. 876 gram GeM NFT – known as GeM876.
For example, purchasing a GeM100 NFT would give you ownership of 100 grams of real-life gold, that we store on your behalf in our vault, free of charge.
Understanding the Discounts (Staking)
The discount on gold is rewarded through a process known in the crypto world as staking.
Staking is essentially holding and “locking up” a certain amount of the cryptocurrency to help the network operate smoothly. Similar to keeping your money in a bank and receiving interest on a fixed/limited access savings account.
With staking, you will be able to lock up your IPMB tokens for rewards based on how long you stake your IPMB tokens.
Benefits of Owning GeM NFTs
Owning and Holding GeM NFTs is equally beneficial if not more than holding IPMB Tokens.
For every 12 months you own a GeM NFT you gain a reward in the form of either physical gold or the equivalent value in IPMB Tokens.
Where to Find and Keep IPMB Tokens
IPMB tokens will be available to purchase on a well-trusted crypto exchange called Changelly from Monday 30th October 2023. IPMB tokens can be stored on a crypto wallet, we recommend MetaMask due to it being relatively user-friendly.
IPMB is in the process of creating our very own crypto wallet which we expect to be ready by late November 2023, this will make the process of buying, selling and storing IPMB Tokens & GeM NFTs seamless and easy for all.
Safety and Care in IPMB’s Approach
With all the scare stories around cryptocurrencies, IPMB has made it our mission to ensure everything we do is fully compliant as required by local and international law. All our gold is from approved sources following and certified by LBMA (London Bullion Market Association) refiners who also follow regulations of the OECD (Organisation for Economic Co-operation and Development) to ensure the highest quality in production. More importantly, we guarantee the best possible conditions for the communities surrounding the mines we collaborate with to produce our gold as we work in partnership with them.
Meet the Team Behind IPMB
The IPMB journey started with John Vakis, later bringing on Mihai Albu and Scott Pagel.
John holds 25 years of experience working with multinational banks trading gold. After leaving his banking position, John started his ventures establishing compliant operations in various countries, including Peru, Ghana, Zambia, and Mongolia and now has over 25 years of physical gold experience across the value chain.
Mihai has over 22 years of entrepreneurial experience. He started his career with close protection security and quickly progressed to advising governments/corporations on international security and cyber solutions. During his career, Mihai has developed a formidable network of individuals and entities around the world.
Scott is a highly accomplished professional in the finance industry. Scott began his career at Goldman Sachs Asset Management in New York, he later transferred to their London office as a research analyst covering technology securities. Scott’s involvement in hedge fund management included the start-up and management of two successful European equity hedge funds with assets over $1 billion. His expertise and experience in investment management, particularly in European equities and hedge funds, have been instrumental in his successful career
Behind the founders is a talented team of professionals and external companies all fusing their talents to deliver the most complete revolutionary project possible.
Interested in Learning More?
For more details and updates, feel free to visit the IPMB website and their social media pages. There, you can find more information and stay connected with all things IPMB.
John Vakis
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