About VNX Gold Coin
VNX Gold Coin token is an Ethereum-based (ERC 20) digital token that represents ownership in specified physical gold bars purchased and stored in the VNX Gold holder’s name in a highly secured professional vault in the Principality of Liechtenstein. VNX Gold token holder is the only lawful owner of the underlying gold subject to successful registration, identification and passing anti-money laundering checks on the VNX Platform. VNX Gold tokens are freely transferrable on the Ethereum blockchain and can be transferred to any wallet supporting the ERC20 standard.
VNX Commodities AG (Liechtenstein) is offering services in the sphere of purchase, sale and storage of precious metals, as well as the generation, maintenance, transfer and cancellation of tokens representing a property right to specific precious metal through a technological platform operated by VNX Commodities AG at https://invest.vnx.li (the “VNX Platform”). VNX Commodities holds the business (trade) license granted by Office of National Economy of the Principality of Liechtenstein.
VNX Gold
They offer your clients a new form of investment in gold – the purchase of digital assets certifying the title to the specific gold bar from the company registered with the Financial Markets Authority of Liechtenstein. The algorithm for such an investment is simple: a client purchases gold, the gold is put for storage into a specially designated security vault in the name of the client and as a confirmation of the ownership right they receive a digital token “recorded” on the Ethereum blockchain.
The token can be exchanged for real gold at any time – it can be donated, sold, pledged, or used otherwise. Each token is unique and confirms the owner’s right to a specific amount of gold from a specific numbered gold bar. The gold itself complies with the highest LBMA investment standards, is purchased from the professional dealers in precious metals on behalf of the client and deposited in a specialized gold bullion storage facility.
Register of gold bars
VNX Commodities AG maintains the register of gold entitlements that correspond to specific wallets (the “Gold Entitlements Register”). Token holders may get access to information from the Gold Entitlements Register either from their user account on the VNX Platform (if the VNX Gold tokens are held on the VNX Platform wallet) or on the website: www.vnx.li by inserting unique Ethereum address of the relevant Token Holders’ wallet. In case of co-ownership of the specific piece of gold, the Gold Entitlements Register will reflect the relevant proportionate ownership in that piece.
Why Choose VNX Gold?
Smart contract systems, decentralized cloud and distributed ledger technology generally used by VNX Commodities as well as the related software, technology and technical concepts and theories (including blockchain, cryptography, etc.) are in an ongoing development process and are therefore subject to significant operational and technological risks.
There is no guarantee that the processes for acquiring, selling, receiving, using and holding the VNX Golds and for receiving payments, e.g. in case of the sale of the VNX Gold, will function without interruption or error. There is a risk that software and other technologies and may have weaknesses, vulnerabilities, bugs or other errors. In the worst case, this can lead to the irretrievable loss of the VNX Gold.
Where Can You Buy VNX Gold?
Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On LBank As It Has The Highest VNXAU/USDT. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include VNXAU/USDT And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
