VNX GoldPrice

(VNXAU)

Yes. VNXAU is generated by VNX Commodities AG, which is registered with the Financial Market Authority (FMA) of Liechtenstein under the Blockchain Act (TVTG). This provides a clear European regulatory framework for the asset. To maintain transparency, VNX undergoes regular independent audits by third-party firms like Grant Thornton to verify that physical gold reserves match the tokens in circulation. Users can also use an 'Allocation Lookup' tool to view specific serial numbers of the gold bars backing their tokens.

VNXAU is a multichain token available on various networks, including Ethereum, Solana, Polygon, Base, Avalanche, Tezos, Stellar, and Q Blockchain. If you are using a non-custodial or cold wallet and cannot see your tokens, you may need to manually 'Import Token' using the specific contract address associated with the blockchain network you are using.

VNXAU can be purchased on LBank, the VNX Platform, and various decentralized exchanges. If you choose to buy directly through the issuer's platform, you must complete a Know Your Customer (KYC) process to comply with Liechtenstein regulations. However, users can also acquire and trade VNXAU on secondary markets and decentralized platforms, allowing for flexible holding and swapping within the crypto ecosystem.

Users can swap their digital VNXAU tokens for physical gold bars certified by the London Bullion Market Association (LBMA). The minimum threshold for physical redemption is 1,000 VNXAU, which represents 1 kilogram of gold. Upon redemption, you have the option to collect the physical bars in person from a high-security vault in Liechtenstein or request insured delivery to your location, subject to shipping fees and local taxes.

One of the primary advantages of VNXAU is that it typically carries zero storage fees for token holders. This distinguishes it from many traditional gold ETFs or bank-held gold accounts that charge recurring maintenance fees. The costs for maintaining and securing the physical gold in high-security vaults are covered by the project's internal business model, specifically through fees related to the minting and burning of tokens.

VNXAU is unique due to its European regulatory status in Liechtenstein and its unit of measurement. Unlike other gold tokens that may be pegged to troy ounces, each VNXAU token is pegged 1:1 to one gram of physical gold. This gram-based denomination makes VNXAU highly granular, allowing users to acquire and manage gold exposure in smaller, more precise increments compared to tokens using larger weight units.