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FAQs

🔐 Is GOLD backed by physical gold?​

Yes. Each GOLD token represents 1 ounce of fully vaulted, insured physical gold. ORO publishes monthly third-party attestations confirming that the gold in custody matches the circulating GOLD supply.

🧾 Who holds legal title to the gold?​

Legal title is held by a bankruptcy-remote foundation, not a borrower, exchange, or custodian. This structure protects the gold from operational or counterparty risk.

🏦 Where is the gold stored?​

The gold is stored in secure, professional-grade, insured vaults, operated by independent third-party custodians. Specific vault providers are disclosed in the ORO dApp.

👥 Do I need to complete KYC/KYB?​

Yes. All users must complete identity verification through Parallel Markets. Only whitelisted wallets can mint, convert, or redeem GOLD or stGold.

📲 How do I create a wallet?​

You can either:

  • Connect an existing Solana wallet (e.g., Phantom, Backpack)

  • Or create a wallet instantly using Google, Apple, or WhatsApp login — no seed phrase required

🪙 How do I mint GOLD?​

  1. Connect or create your wallet

  2. Complete KYC/KYB

  3. Deposit USDC

  4. Receive GOLD (1 token = 1 ounce of gold)

🔁 What is stGold?​

stGold is a yield-bearing version of GOLD. When you convert GOLD into stGold, your underlying gold is allocated into institutional leasing arrangements, and you earn monthly gold-denominated returns.

🔒 Is stGold locked?​

Yes. stGold has a 12-month lockup period (for now). After that, you can convert it back to GOLD 1:1 (net of any applicable fees). Shorter-term versions are planned for the future.

💸 How is yield generated on stGold?​

Yield is generated through participation in institutional gold leases via established third-party gold finance providers. Lessees include refiners, jewelers, and bullion desks. stGold holders earn monthly returns in GOLD, claimable via the ORO dApp.

🏆 How do I claim my yield?​

Yield accrues monthly in GOLD and must be manually claimed from the ORO dApp. It will not be auto-distributed.

📤 Is stGold transferable?​

Yes. stGold is fully transferable, even during the lockup period, and is compatible with other Solana apps, subject to lockup and whitelisting rules.

💵 Can I redeem GOLD for USDC?​

Yes. You can redeem GOLD for USDC at the current spot price, which is locked at the time of request. The USDC is then delivered to your wallet within T+2 business days, consistent with traditional settlement practices.

📦 Can I redeem GOLD for physical gold?​

Yes. You can redeem GOLD for:

  • Vault transfer to an approved facility

  • Physical delivery (in supported jurisdictions)

  • In-person pickup in the UAE

Minimums, fees, and KYC apply. All options are shown in the redemption section of the dApp.

💳 What fees should I expect?​

  • Minting GOLD: 1.00% (100 bps)

  • Redeeming GOLD: 1.00%

  • USDC Redemption: 1.00%

  • Yield claiming: Free

  • Physical delivery: May include a premium over spot, shipping, and insurance fees

  • stGold → GOLD conversion: Free after lockup

🌐 Can I trade GOLD 24/7?​

Coming soon. ORO is building on-chain liquidity pools to enable 24/7 permissionless trading between GOLD, USDC, and stGold with low slippage and competitive fees.

🛡️ Are the smart contracts secure?​

Yes. All smart contracts are:

  • Audited by Cantina

  • Built on Solana SPL standards

  • Governed by multisig and time-delay controls

  • Fully transparent and non-custodial

🔍 How do I verify gold backing?​

We publish monthly third-party attestations to verify that the amount of vaulted gold equals or exceeds the circulating GOLD token supply. These are accessible through the ORO docs and app.