# VNX VNX (VNX Commodities AG) is a Liechtenstein-based company registered by the Financial Market Authority (FMA) under the Blockchain Act. VNX generates gold-backed tokens VNX Gold (VNXAU). # VNX Gold The investment landscape is changing; the increasingly rapid development of information technology and transition of the economy to the virtual space have opened up new opportunities for digital investment solutions. VNX is offering our clients an exciting new form of investment in precious metals – the purchase of digital assets (tokens) which certify a title to a precious metal. The algorithm for this investment is simple: a client buys precious metal (for example, gold) and in turn they receive a digital token (instead of a paper certificate) which is "recorded" on the blockchain. The token can be exchanged for real gold at any time – it can be invested, 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 LBMA investment standards, is purchased from the professional dealers in precious metals on behalf of the client, and deposited in a specialised gold bullion storage facility. **VNX Commodities AG** (Liechtenstein) is an authorised organisation operating under the supervision of Liechtenstein's financial regulator, the Financial Market Authority of Liechtenstein (FMA). # 📘 Executive Summary **VNX Gold token** is a blockchain token that represents ownership of specific physical gold bars purchased and stored in the VNX Gold holder’s name in a highly secured professional vault in the Principality of Liechtenstein. Each VNX Gold token holder is the only lawful owner of the gold subject to successful registration, identification, and passing anti-money laundering checks on the VNX Platform. **1 VNX Gold token = 1 gram of gold.** There is no ultimate VNX Gold supply limitation because the number of VNX Gold tokens generated is driven by the demand from clients. There is also no maturity period for VNX Gold tokens. VNX Commodities AG does not have a redemption right, call option, or anything similar regarding VNX Gold tokens. # 🔒 Investor Protection 🔒 The gold is physically stored in segregated storage in a high-security vault in Liechtenstein, which boasts a stable economy, the highest S\&P AAA rating in Europe, and is a member of EEA; 🇱🇮 VNX Commodities AG as a TT Services Provider under the Blockchain Act falls under the supervision of the Financial Markets Authority of the Principality of Liechtenstein; ⚖ VNX Gold token holders’ gold is segregated from VNX Commodities AG’s assets and will not be part of the bankruptcy estate of VNX Commodities AG if the latter goes bankrupt. # 📃 Token Details VNX Gold
**Contracts** \ Ethereum: [0x6d57b2e05f26c26b549231c866bdd39779e4a488](https://etherscan.io/token/0x6d57b2e05f26c26b549231c866bdd39779e4a488)\ Polygon: [0xC8bB8eDa94931cA2F20EF43eA7dBD58E68400400](https://polygonscan.com/token/0xc8bb8eda94931ca2f20ef43ea7dbd58e68400400)\ Q: [0xe4fadbbf24f118b1e63d65f1aac2a825a07f7619](https://explorer.q.org/address/0xe4fadBBF24F118b1E63d65f1aAC2A825A07F7619)\ Solana: [9TPL8droGJ7jThsq4momaoz6uhTcvX2SeMqipoPmNa8R](https://solscan.io/token/9TPL8droGJ7jThsq4momaoz6uhTcvX2SeMqipoPmNa8R)\ Tezos: [KT1LSH97386CURN9FgRNqdQJoHaHY6e1vxUv](https://tzkt.io/KT1LSH97386CURN9FgRNqdQJoHaHY6e1vxUv/operations/)\ Stellar: [VNXAU-GCKIYYQVIFBIFDRN7BNDNHL3UZSFHT5NHDAISG2N3MWCZY3WNXL3LXN3](https://stellar.expert/explorer/public/asset/VNXAU-GCKIYYQVIFBIFDRN7BNDNHL3UZSFHT5NHDAISG2N3MWCZY3WNXL3LXN3)\ Base: [0xac3fe22294beaed9d1fd752323a6d06d12ff3098](https://basescan.org/address/0xac3fe22294beaed9d1fd752323a6d06d12ff3098) Etherlink: [0x93F5475da60143C50e8bE3fED10c143B0CF8b9E9 ](https://explorer.etherlink.com/token/0x93F5475da60143C50e8bE3fED10c143B0CF8b9E9?tab=contract) **Ticker symbol:** [VNXAU](https://etherscan.io/token/0x6d57b2e05f26c26b549231c866bdd39779e4a488) ### **VNXAU is traded** **at** ### CEXs: * [LBank](https://www.lbank.info/exchange/vnxau/usdt) (Ethereum and Q) * [XT.com](https://www.xt.com/en/trade/veur_usdt) (Ethereum) ### DEXs: **Aerodrome** * [VNXAU/USDC](https://aerodrome.finance/liquidity?query=vnxau) (Base) **Orca** * [VNXAU/USDC](https://v1.orca.so/liquidity/browse?tokenMint=9TPL8droGJ7jThsq4momaoz6uhTcvX2SeMqipoPmNa8R) (Solana) **Raydium** * [VNXAU/USDC](https://raydium.io/clmm/create-position/?ammId=CHRwAzdvge6woiaS44ZU6HVg4HkjehRt1QMtQsKGPbXn) (Solana) **Xave** * [VNXAU/USDC](https://app.balancer.fi/#/avalanche/pool/0xad0e5e0778cac28f1ff459602b31351871b5754a000200000000000000000029) (Polygon) **Uniswap V3** * [VNXAU/USDC](https://app.uniswap.org/swap?exactField=input\&exactAmount=10\&inputCurrency=0x6d57B2E05F26C26b549231c866bdd39779e4a488) (Ethereum) You may find more information at the [CoinMarketCap](https://coinmarketcap.com/currencies/vnx-gold/) and [CoinGecko](https://www.coingecko.com/ru/Криптовалюты/vnx-gold). # 🚀 VNX Gold Features * **Online transactions:** registration on the platform and execution of transactions with precious metals does not require a physical visit to our office – everything is managed online; * **Speed:** the purchase of VNX Gold tokens is usually instantaneous. However, when the client purchases large amounts of precious metals, the procedure may take a little longer; * **Variety of payment methods:** on the VNX platform, clients can pay in classic "fiat" currency (euro) and cryptocurrencies; * **Ease of transactions:** clients can freely transfer VNX Gold tokens from the VNX Platform to an "external" wallet (i.e. located outside the VNX Platform – for example, their personal wallet) on the blockchain and then dispose of them at their own discretion; * **Fragmented:** it is possible to transfer rights to a small amount of gold without physically dividing gold bars; * **Liquidity:** VNX Gold has two sources of liquidity: it can be easily traded on crypto exchanges or underlined gold can be traded with major worldwide traders directly on the VNX Platform; * **Absence of delisting risks:** you do not need a crypto exchange to sell your VNX Gold. The VNX Platform is always available for your transactions with your VNX Gold; * **Access to physical gold:** an authorised VNX Gold holder can collect physical bullion from the Liechtenstein vault or request worldwide delivery; * **Globality:** VNX Gold tokens are available to customers around the world, regardless of travel restrictions, customs, and borders *\[1]*; * **Regulatory Compliance:** In accordance with the requirements of Blockchain Act, VNX Commodities AG is registered as TT Services Provider with the Financial Markets’ Authority (the Financial Services Regulator in Liechtenstein). The FMA is responsible for monitoring compliance with KYC/AML requirements and audits us and our business activities at regular intervals, which in turn entails further protection for you and your assets; * **Protection of personal data:** VNX Commodities AG is subject to strict European personal data protection rules (GDPR). | | VNX Gold | Physical gold | ETF / ETC | Metal account | | --------------------------------------------- | :----------------: | :--------------: | :-------------------------------: | :-----------: | | **Minimal investment** | Low | Medium | Low | Medium | | **Intermediaries** | No | No | Yes | Yes | | **Risk of theft / los**s | Low | High | Low | Low | | **Reliability, supervision by the regulator** | High | N/A | High | High | | **Access to DeFi market** | Yes | No | No | No | | **Pay in crypto** | Yes | No | No | No | | **Settlement time** | Minutes | Days | Days | Hours | | **Transactions** | 24/7 from anywhere | No | No | No | | **Physical delivery** | Yes | N/A | No | No | | **Effective costs** | Low | High | Low | Medium | | **Storage fee** | No | \~ 0,5% per year | From 0,1% (by Depositary Tariffs) | No | *\[1] Subject to KYC/AML restrictions.* # ✅ Quality of Physical Gold The gold complies with the LBMA (London Bullion Market Association) gold purity standards, which require a fineness of at least 995 parts per 1000. # 🛡 Vault and Insurance VNX Commodities purchases gold bars from specialised precious metals dealers. The physical gold bars are securely stored in high-security vaults, which act as sub custodians of VNX Commodities AG. Gold stored in the vaults is insured and insurance coverage includes risks related to: burglary, robbery, damage by natural disasters, loss, damage, and embezzlement. # ➗ Segregation from own assets The client’s gold is segregated from VNX Commodities AG’s assets. It is not the property of VNX Commodities AG and therefore may not be included in its bankruptcy estate in case of bankruptcy. This means that no one, other than the authorised VNX Gold holder, can claim the rights to the gold, the ownership of which is confirmed by the corresponding token. # 📖 Gold Entitlements Register 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](https://vnx.gitbook.io/vnx-platform/vnx-gold/www.vnx.li) by inserting the unique 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 of that particular piece. # ▶️ VNX Gold transfers VNX Commodities AG’s consent is not required for VNX Gold transfers. However, the token holder must notify and disclose the details (email and name) to VNX Commodities AG in case of a VNX Gold transfer. Each new recipient (if not known to VNX Commodities AG) will receive an email notification from VNX Commodities AG with an invitation to register a user account on the VNX Platform. If the former token holder fails to notify VNX Commodities AG about the details of the new recipient and/or the new recipient of VNX Gold fails to open a user account on the VNX Platform and comply with eligibility requirements as stipulated by the Terms and Conditions, VNX Commodities AG as custodian won’t be able to update the information on the gold/token holder. Therefore, the new VNX Gold holder won’t be able to submit the gold sale, collection, or delivery requests through the VNX Platform or use VNX Commodities AG’s other services. The VNX Gold token holder, who has the right of disposal over the VNX Gold token, is the only lawful owner of the gold; no other person may claim sale, collection, or delivery of the gold or otherwise transact with VNX Commodities AG with respect to gold on the VNX Platform. # 💻 Operations with VNX Gold on VNX Platform **On the VNX Platform, VNX Gold holders may:** * Purchase gold and receive VNX Gold tokens; * Sell VNX Gold and receive the sale proceeds in fiat or in supported cryptocurrencies; * Collect gold bars from the vault; * Request delivery of gold to the specified address (subject to confirmation in each case). VNX Commodities AG supports operations in Euro and in cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and USDC. Physical collection and delivery of gold bars is possible in gold bars starting from 1 kg and multiples thereof. The sale and purchase transactions with VNX Gold tokens on the VNX Platform are possible in smaller amounts. Transactions with VNX Gold tokens on the VNX Platform are automated. Transactions (purchase and sale) with larger amounts (starting from 1 kg) are usually completed within one business day. However, in extraordinary circumstances (e.g. market disruptions, delays in bank transfers of funds, etc.) it may take longer. # 💱 USE Cases **Crypto traders:** as a low-risk hedging tool and diversification of investments in crypto assets; **Lending protocols** of the DeFi market as collateral and asset for lending/borrowing; **Decentralised exchanges** in trading pairs with major stablecoins and cryptocurrencies; **Safe haven asset:** as collateral; **DAO:** As a safe asset for the treasury; And in other various investment scenarios of the DeFi market. # Audits # Page 1