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IPMB Tokenomics

The IPMB Tokenomics model combines blockchain security with the stability of gold-backed assets, allowing users to benefit from fractional digital gold ownership. Below, we present the purpose, structure, distribution, and governance mechanisms that underpin IPMB’s token model, offering full transparency and alignment with the interests of our community and investors.

1. Token Purpose and Structure

The GoldPro token represents tokenized gold-backed assets, with each token backed by 1 gram of verified 22-carat physical gold doré. Holders can convert these tokens into GEM NFTs, which are further backed and pegged to 24-carat, LBMA-certified investment-grade gold. This structure combines the security and flexibility of blockchain technology with the trusted value of physical gold, allowing users to:

  • Own fractionalised digital gold assets.
  • Access a hybrid utility and payment token for discounts on GEM NFT investments and vendor goods.

2. Distribution and Allocation

IPMB’s token distribution is designed to support sustainable ecosystem growth. Tokens are allocated to strategic areas, with vesting schedules that align founder and team interests with those of the broader community.

Here’s the detailed allocation breakdown:

Allocation Percentage TGE % Cliff Period (Months) Vesting Period (Months) Release Schedule
Private Seed Round 2% 100% 0 0 Conditional vesting for holdings above 10,000 IPMB
Multisig Founders’ Treasury 42.75% 0% 8 99 Monthly release over 99 months, starting after an 8-month cliff
Team and Advisors 2.25% 10% 6 36 Gradual monthly release after a 6-month cliff
Operations & Marketing 3% 20% 3 24 Linear release over 24 months
Public Sale 50% 100% 0 0 Fully Unlocked, Released Gradually Based on Demand

3. Multisig Founders’ Treasury: Governance and Controlled Release

To promote transparency, security, and long-term stability, the Multisig Founders’ Treasury is managed with a detailed vesting schedule secured by a Vesting Smart Contract. This smart contract is fully accessible on the Polygon network at 0xecc9fc8e77f1c992d9db568761a69af453337950.

Key Points:

  • Cliff and Release Schedule: Following an 8-month cliff post-TGE, founders receive 1% of their tokens. The remaining 99% is released gradually over 99 months in monthly 1% instalments

  • Security Through Gnosis Safe: A Master Gnosis Safe multi-signature contract at 0xF9f329a34221482395d1A7654439DeC4718b8d22 oversees token releases, requiring 3 out of 4 authorised signatures for each release, adding an extra layer of security.

Governance Benefits:

  • Controlled Market Impact: The gradual release prevents large token influxes, maintaining market equilibrium and protecting token value.

  • Transparency and Verifiability: Stakeholders can independently verify transactions on-chain, ensuring that releases align with the vesting schedule and bolstering investor confidence.

  • Extended Founder Commitment: The extended vesting aligns founders’ interests with the community, fostering long-term commitment to IPMB’s success.

For all details, explore our explainer Blog Post

4. Tangible Asset Backing: Gold Reserves

GoldPro tokens are backed by real gold, projected to reach 200 tons over the next 8-10 years. The proceeds from token issuance fund gold production, linking each token to physical gold reserves. The fixed maximum supply of IPMB is set at 200 million tokens, representing 200 tons of gold, with no further minting beyond this cap.

Investor Assurance Through Gold-Backed Supply:

  • Fixed Maximum Supply: With a cap of 200 million tokens, IPMB offers scarcity and intrinsic value tied to real-world assets.

  • Gold Reserve Growth: Aiming to reach 200 tons of investment-grade gold over the next decade, IPMB’s backing by tangible assets provides stability and resilience, even amid market fluctuations.

5. Utility and Use Cases

GoldPro tokens are central to a versatile ecosystem, with applications that extend well beyond typical utility tokens. Current and planned use cases include:

  • Democratising Access to Physical Gold: GoldPro tokens can be burned to convert into GEM NFTs, each representing 24-carat investment-grade gold.

  • Staking for Discounts: IPMB holders can stake their tokens within the ecosystem to earn discounts to GEM NFTs representing 24-carat investment-grade gold.

  • Vendor Discounts: IPMB partnerships with premium vendors offer exclusive benefits and discounts to token holders.

  • Future Gold-Backed Loans: The IPMB Ecosystem will eventually support secure, gold-backed loans, providing token holders with flexible, asset-backed financial options.

6. Governance and Security Model

Controlled Token Release and Governance:

  • On-Chain Cliff Vesting Schedule: Following an 8-month cliff period, the founders’ tokens undergo gradual release over 99 months. The schedule is enforced on-chain via a smart contract, with releases requiring a multi-signature authorisation, reducing the risk of abrupt market fluctuations.

  • Multi-Signature Management for Security: The Gnosis Safe setup requires 3 out of 4 authorised signatures, ensuring robust security and compliance with IPMB’s long-term distribution strategy.

  • Community Alignment: With founders and the team committed to the project’s success through the extended vesting period, IPMB fosters an alignment of interests between the team, investors, and community members.