FAQs

ComTech Gold (CGO) is an asset-backed token that represents real gold. One token represents one pure gram of gold stored with Transguard, a reputed secured Vault operator in the UAE. CGO owners have ownership rights to that gold under the custody of XDC Trust Company. CGO's value is tied directly to the real-time market value of the gold it represents.

Physical gold on the blockchain represents legal ownership of physical allocated gold, but is easier to transport and store than physical gold. Instead, CGO tokens have the divisibility, fungibility and tradability of any digital asset like bitcoin. You get the benefits of physical and digital assets at the same time.

The total supply of gold varies as the market capitalization of CGO increases and decreases. At all times, the amount of gold representing the total supply of CGO is in a 1:1 ratio with the number of tokens. One CGO represents one pure gram of gold.

Yes. Token fractions are divisible out to 18 decimal points. If you purchase CGO directly from comtechgold.com, the minimum purchase is 0.01 CGO (1% of a CGO token – or roughly $15).

Allocated gold is identifiable with a unique serial number, purity, and weighting for each bar. It is kept in a vault on the owner's behalf. When you purchase a CGO token, you own a specific piece of gold with a unique serial number.

If you own unallocated gold, on the other hand, you don't actually own any specific gold bars. Instead, you have a general entitlement to a certain amount of gold. This is more like a bank- instead of owning specific bank notes, the bank owed you a certain amount of money.

Sending a CGO token from one address to another is an on-chain transaction. The token is transferred and recorded on the XDC blockchain. There are two kinds of fees that occur when you do this:

• Standard 'gas' fee: Sending digital assets on XDC, requires computing power, or 'gas.' Just like any other XRC-20 token, CGO requires standard gas fees paid in XDC to compute the transaction.
• CGO on-chain transaction fee: CGO charges an additional fee. That fee is set to 0.02% of the amount of CGO sent on the blockchain. This helps us manage and take care of the gold in our vault for you.

For example, if you want to send 10 CGO from one XRC-20 address to another, you should send at least 10.0020004001 CGO total to cover the cost of the on-chain transaction fee. If you initiated a transfer of 10 CGO, the receiver would get 9.998 CGO after fees.

ComTech Gold also Tokenized Physical Gold (standard gold bar with 999 purity).

• Step1: Deposit Physical Gold to Partner Custodian (like transguard),
• Step2: Purity check by ComTech quality team,
• Step3: Token allocation Against Physical gold. Process takes 24-48 hrs after deposit of physical gold to custodian like transguard.