V999: digital gold empowered by the blockchain

A digital token, backed by physical gold

V999 Gold (V999) is a digital asset. Each Token is backed by 1/10 of a gram (t oz) of a 400 oz gold bar, stored in vaults. If you own V999, you own the underlying physical gold, held in custody.

The deposited gold is audited once a month once per quarter by independent auditors.

Follow these 3 steps to get the latest audit report:

Step 1) Create an account at https://osint.group

Step 2) Wait for the confirmation and the email notification "You have been unlocked"

Step 3) Login into your account and request the download for Company ID 20201105

The V999 token is a stable token to be created on the Stellar Blockchain. The tokens enable everyone to buy gold values completely digitally and with only a few mouse clicks.

The Token price is calculated as follows:

1 troy ounce of gold = 31.1034768 grams (g)

1 V999 token equals 0.1 gram of gold * current gold price per gram of gold in USD

The token price is streamed from the London Metal Exchange

1 token is divisible into 1000 parts. These parts are called Micros.

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A V999 token democratises gold ownership, to provide everyone with a reliable form of wealth

Highly Accessible

Built on the Stellar blockchain, V999 can easily be moved or traded anywhere in the world, 24/7. With low entry minimums, now anyone can own a fraction of an LBMA-accredited London Good Delivery gold bar.

Redeemable

V999 Gold is the only gold token that you can redeem for LBMA-accredited Good Delivery gold bullion bars. For additional convenience, smaller amounts can be redeemed through a network of physical gold retailers around the world. V999 customers can always redeem for USD and EUR at current gold market prices.

Technology

V999 is a Stellar token on the Stellar blockchain issued by V999. The Stallar protocol follows a standard protocol for representing custom tokens on the blockchain. Specifically, the database must declare basic token characteristics (name, symbol, decimal precision), track the total number of tokens, track the token balance for each Stellar address, and permit address owners to transfer portions of their balance to other addresses.

Flexible

Easily convert or redeem V999 for fiat or physical gold via the V999 platform. Trade V999 against other digital assets. Use V999 wherever Stellar tokens are supported.

Low Fees

Extremely competitive fee structure for creations and redemptions of V999 tokens in the personal wallet, low transaction fees and zero storage fees. As with other Stellar based tokens, fees paid in Stellar Lumens apply for on-chain transactions.

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The benefits of building on Stellar include:

The security and availability guarantees of one of the largest global blockchain networks and its proof-of-stake model;

Publicly verifiable token supply, account balances, and on-chain procedures;

Ability to integrate with other applications like distributed exchanges, distributed apps, and swap contracts;

Broad adoption by crypto stakeholders such as exchanges, crypto asset organizations, institutional investors and retail users;

Reduced dependency on any single authority due to decentralization;

Access to a broad market that includes all individuals with an internet connection.

V999 Gold is only available on Stellar today, but it may also be launched on other chains in the future if there are compelling benefits.

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V999: digital gold empowered by the blockchain

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