Originally published on: September 05, 2024
In a world filled with economic uncertainties, gold has emerged as a safe haven for investors seeking stability. Reaching a record high of $2,531.70 per ounce in August 2024, the precious metal shows no signs of slowing down.
George Agathangelou, the COO and co-founder of IPMB, recently shared insights in a Cointelegraph AMA about democratizing gold investment for all. IPMB aims to make gold accessible to individuals, institutions, and even states at a low cost, providing free physical access to gold without any additional charges for storage, insurance, or delivery.
Through their Gold Trace 360 initiative, IPMB ensures full traceability of every ounce of gold, setting the company apart as the world’s first vertically integrated gold offering. By co-owning gold mines in Ghana and overseeing the entire process from sourcing, distribution, to refining, IPMB ensures a stable and secure supply of gold at a competitive cost.
Security is a top priority for IPMB, with rigorous code reviews and regular security audits being conducted to safeguard tokenization processes and mitigate data breaches. The company also partners with accredited vaults and regulated entities to store its gold securely.
In a bid to enhance efficiency and transparency, IPMB is exploring the integration of IoT into its supply chain processes. By leveraging on-chain smart contracts and IoT-enabled sensors, the company aims to build a decentralized physical infrastructure network, which will enable predictive insights and optimization of logistics.
IPMB introduces a dual token mechanism, offering both gold-backed IPMB Tokens and GEM NFTs. The IPMB Token, equivalent to 18-karat gold doré bars, serves as a utility and payment tool, providing access to tokenized gold and supporting crypto payments. On the other hand, GEM NFTs represent 24-karat investment-grade gold and can be redeemed for physical gold, offering exclusive benefits and full traceability.
Staking opportunities will soon be available to IPMB users, allowing them to earn rewards and discounts on GEM NFTs through a tiered system. By minting GEM NFTs, users can secure physical gold delivery after a specified period, creating a seamless pathway to ownership.
Looking ahead, IPMB plans to expand its offerings, including developing an NFT marketplace, enabling token buybacks, securing banking licenses, and launching a crypto payment gateway platform called IPMB Vantage. With a vision for continued innovation and growth, IPMB aims to revolutionize the gold investment landscape in 2025.
Disclaimer: This article is for informational purposes only. Readers are advised to conduct their own research before making any investment decisions.
