🔄 Mint & Redeem

🔄 Mint & Redeem

Overview

EURG supports dual-mode operations — on-chain minting and off-chain redemption, seamlessly bridging real-world metal reserves with digital token issuance.

Each EURG minted represents €1 worth of physical gold and silver, fully backed, auditable, and redeemable.

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🪙 Minting EURG

🔐 Requirements

• KYC: Required only for physical metal delivery

• Accepted payments: EUR, USDT, USDC (on-chain or bank transfer)

• Minimum mint: €100 equivalent (based on xGOLD + xSILVER ratio)

🧭 Minting Process

1. User KYC (first-time only)

2. Send funds (via on-chain or wire transfer)

3. Authorized dealer executes metal purchase

4. Vault issues warehouse receipt

5. Receipt uploaded to IPFS and hashed on-chain

6. EURG is minted and sent to user’s wallet

Every minted token is matched 1:1 with verifiable metal holdings, stored in secured, audited vaults.

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♻️ Redeeming EURG

Users can redeem their EURG holdings through multiple pathways:

1. 🔄 Stablecoin Redemption

• Burn EURG

• Receive USDT, USDC, or EUROC equivalent

2. 🔐 Physical Redemption

• Burn EURG

• Select metal: xGOLD (gold), xSILVER (silver)

• Complete KYC and provide shipping address

• Receive physical bars delivered via Brinks/EMS

Redemption thresholds: • Gold: Minimum 10g • Silver: Minimum 100g

Shipping time: 5–10 business days globally

3. 💱 Fiat Redemption

• Burn EURG

• Funds wired to user’s verified bank account

• Currently supported in selected EU/Asia jurisdictions

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🧰 Smart Contract Security

• Mint contract checks reserve integrity before issuance

• Burn contract triggers reserve update & IPFS event log

• All events are time-stamped and linked to off-chain audit records

• ReserveRegistry maintains real-time mapping of token supply vs. verified assets

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⚠️ Risk Controls

Risk Type	Mitigation Strategy
Metal price volatility	Composite peg (gold + silver) buffers short-term shocks
Redemption surges	Dual liquidity channels: stablecoin + physical
Regulatory compliance	KYC only for off-chain redemption; DeFi remains open