4. $GOLD Token Details
$GOLD is the foundation of the ORO ecosystem: a fully backed, redeemable, and composable token that represents physical gold held in secure custody.
Each $GOLD token represents one troy ounce of LBMA & UAE GD-certified physical gold, held in third-party certified vaults under a trust structure.
4.1 Backing and Custody
Each $GOLD token is backed 1:1 with real, fully allocated gold
Gold is stored in insured, audited vaults
Vault providers and brokers are licensed and regulated
The ORO Foundation holds legal title to the gold on behalf of token holders
Physical audits are reconciliations are conducted regularly by our vault providers and brokers
You can verify proof of reserves through our public attestation and audit reports which are published regularly.
4.2 Minting and Redemption
$GOLD is minted using USDC on Solana. Redemption is also available in USDC or physical gold.
$GOLD is minted and redeemed using USDC on Solana. Each token represents 1 troy ounce LBMA & UAE GD-certified physical gold, held in third-party certified vaults under a trust structure.
Minting
Send USDC and receive $GOLD 1:1, minus a minting fee
Mints are processed within 24 hours. For large orders or outside business hours, settlement may be delayed but the gold price is locked at the time of the mint request
Redemption
Burn $GOLD to receive USDC or initiate physical redemption
USDC redemptions are typically settled within 1 to 2 business days
Physical redemptions are handled via licensed brokers and are fulfilled in 1 to 5 business days, depending on location and delivery method
Primary minting and redemption will not be available on weekends; however, you can still use the DeFi swap via Jupiter during this time.
4.3 Fees
To ensure operational efficiency and alignment with real-world settlement windows, the following fees apply:
Action
During Trading Hours (Mon–Fri, 9am–5pm CET)
Outside Trading Hours
Minting $GOLD
0.50%
1.00%
Redeeming $GOLD
0.50%
1.00%
Staking $GOLD
Free
Free
Fees are deducted in USDC (for minting) or from redeemed amount (for redemptions).
4.4 Transferability
$GOLD is an SPL token and can be:
Held in any Solana-compatible wallet
Transferred instantly on-chain
Integrated with DeFi protocols, DEXs, and payment apps
Composed into smart contracts and automated flows
While $GOLD is freely transferable, access to minting and redemption is restricted to approved jurisdictions.
4.5 Compliance and Access
$GOLD is available globally, except in jurisdictions with regulatory restrictions.
Users must pass KYC/KYB before interacting with mint and redeem functions
Transfers between wallets are permissionless
Vaulted gold is never commingled or leased without user consent
All activity is transparently visible on chain
4.6 Oracle and Price Feeds
ORO uses decentralized oracle networks to ensure that gold pricing is secure, transparent, and up to date across all functions including minting, redemption, and smart contract integrations.
ORO sources its on-chain gold price from multiple decentralized oracle providers:
Pyth Network: Provides low-latency, high-frequency price updates for gold/USD using aggregated institutional market data. Switchboard: Provides low-latency, high-frequency price updates for gold/USD using aggregated institutional market data.
The live gold price is used to:
Set mint and redemption rates for $GOLD
Trigger or settle on-chain actions involving staked positions or integrations Anchor any future derivatives or smart contract logic tied to gold price
Price Reliability
ORO reads from both Pyth and Switchboard, using predefined logic to detect anomalies or price deviations.
In case of extreme volatility, on-chain minting and redemption may be temporarily paused to protect users.
Historical pricing and oracle performance are monitored to ensure integrity of the protocol’s pricing mechanisms.
Future Enhancements
Additional oracle integrations may be added as the protocol expands to new chains or jurisdictions.
Users will be able to view live and historical price data within the app and explorer.
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