Physical Backing with 1:1 Redemption
Every BGOLD token is backed by 1 gram of LBMA-standard gold bars securely stored in the Malca-Amit high-security vault, issued and managed by Haobao, a Singapore-licensed precious metals dealer. An independent third-party auditing firm conducts quarterly physical inspections, and the audit report summary is recorded on-chain. Users can compare the total BGOLD supply on-chain with the physical gold holdings reported in the audit reports at any time to verify the 1:1 peg. Real gold in custody, verifiable on-chain.
Flexible Purchases with No Minimum Requirement
BGOLD removes the traditional investment barriers associated with physical gold bars by allowing users to purchase custom amounts of gold with no minimum threshold. Whether you want to buy 0.1 gram or 100 grams, you can trade according to your own financial situation without waiting to accumulate the value of a full gold bar. Gold allocation is now truly accessible to everyone.
Global Free Circulation
As an on-chain digital asset, BGOLD enables peer-to-peer transfers worldwide within minutes. Simply enter the recipient’s wallet address, input the amount of gold (in grams), and click send to transfer value. Transactions are not restricted by banking hours, cross-border remittance limits, or logistics costs, and are available 24/7 with near-instant settlement, enabling truly borderless circulation.
Paying Gas Fees with BGold
Within the BenFen Chain ecosystem, BGOLD can be used directly to pay transaction gas fees. When you make a transfer or interact with a DApp, the system automatically deducts a small amount of gold from your balance equivalent to the gas fee, calculated based on the real-time gold price. There is no need to convert gold into a native token first, enabling a seamless “gold-as-fuel” experience.
Transparent Management Fee Mechanism
BGOLD adopts an innovative dual-account model: Symbol Token represents the net gold balance (in grams) visible to the user. Coin acts as the actual circulating medium on-chain. Smart contracts automatically adjust the exchange ratio between the two, accruing the annual management fee (0.8%) on a per-second basis, which is deducted automatically in the background.
For example, if you purchase 100 grams of BGOLD, after 1 year, the balance displayed in your wallet will be 99.2 grams due to the 0.8% annual management fee.
This reduction does not occur suddenly — it is smoothly deducted over time, meaning the balance you see always reflects the true net gold amount after all fees. No manual calculations are required — what you see is what you own.
Audit Sovereignty: Transparent Gold Anyone Can Verify
BGOLD does not rely on the unilateral endorsement of any single institution. The issuer is required to record the hash of the third-party audit report summary on-chain (with a link to the audit report), allowing anyone to verify it through a blockchain explorer at any time. Verification requires only a simple comparison: Whether the total physical gold weight in the audit report is equal to the total BGOLD supply on-chain. If the numbers match, the gold is in custody. This is not a matter of trust; it is a verifiable fact.
Four Layers of Security: Protection from Code to Vault
| Protection Layer | Specific Measures |
| Layer 1: Technical Sovereignty (Code Layer) | Built on the BenFen Chain using the Move programming language with formal verification, eliminating vulnerabilities such as reentrancy attacks at the source. Code is law. |
| Layer 2: Access Mechanism (Audit Layer) | Implements a “audit-first, issuance-second” policy. Before minting, issuers must submit proof of existence, proof of value, and a third-party audit report, with the summary hash recorded on-chain. |
| Layer 3: Physical Asset Loop (Physical Layer) | Gold is stored in the Malca-Amit international high-security vault, protected by military-grade security and full insurance coverage. Tangible gold bars provide real assurance of safety. |
| Layer 4: Legal Ownership (Legal Layer) | An SPV (Special Purpose Vehicle) structure ensures bankruptcy remoteness between the asset and the operating entity, guaranteeing that on-chain addresses correspond to real-world legal entities, with rights protected under applicable law. |