🔄 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.
🪙 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
User KYC (first-time only)
Send funds (via on-chain or wire transfer)
Authorized dealer executes metal purchase
Vault issues warehouse receipt
Receipt uploaded to IPFS and hashed on-chain
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.
♻️ 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
🧰 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
⚠️ Risk Controls
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
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