Name: VNX Gold
Brand: VNX Gold
SKU: VNXAU
Price: 108.141 USD
Availability: InStock

Question 1

What is VNX Gold (VNXAU)?

Accepted Answer

VNX Gold (VNXAU) is a multichain token fully backed by physical gold that is certified by the London Bullion Market Association (LBMA). One VNXAU token equals one gram of physical gold, representing direct ownership of the gold securely stored in a high-security vault in Liechtenstein. This setup provides convenience, liquidity, and the inherent benefits of gold such as protection against inflation, all integrated into the digital asset framework.

Question 2

What differentiates VNX Gold (VNXAU) from other tokens?

Accepted Answer

What sets VNX Gold (VNXAU) apart from other tokens is its unique backing by physical gold certified by the LBMA, with each token representing one gram of gold. Unlike typical cryptocurrencies, it offers the stability and security of a tangible asset while enabling users to leverage digital convenience. Additionally, VNX Gold eliminates the risks associated with theft or loss found in other gold investment instruments, by positioning itself as a digital gold with minimal reliance on intermediaries.

Question 3

What does the VNX Gold (VNXAU) whitepaper promise?

Accepted Answer

The whitepaper for VNX Gold (VNXAU) promises a secure digital representation of physical gold, ensuring each token is fully backed by real gold in a high-security environment. It highlights benefits such as high liquidity, ease of transferability, and the capacity to act as a hedge against market volatility and inflation, making physical gold accessible to a broader audience through digital channels.

Question 4

What consensus mechanism does VNX Gold (VNXAU) use?

Accepted Answer

VNX Gold (VNXAU) operates on a multichain basis, utilizing both the Ethereum blockchain, known for its smart contract functionalities, and the Q blockchain, which offers a decentralized cloud infrastructure. These technologies enhance transaction security and scalability, ensuring that ownership and transfers of VNXAU tokens are efficient and transparent.

Question 5

Who created VNX Gold and why?

Accepted Answer

VNX Gold was created by Alexander Tkachenko and his team at 2be.lu. Tkachenko, a seasoned entrepreneur with experience in venture capital and fintech, aimed to tokenize physical gold using blockchain technology, thus providing a secure and liquid asset.

Question 6

When was the VNX Gold (VNXAU) token created?

Accepted Answer

VNX Gold (VNXAU) was created to represent individual ownership of physical gold, with each token equivalent to one gram of gold stored securely.

Question 7

How do I use the VNX Gold (VNXAU) token?

Accepted Answer

You can use VNX Gold (VNXAU) tokens to diversify your investments, preserve your capital, and hedge against market volatility. VNXAU allows for instant worldwide transfers, and you can also collect your physically allocated gold upon request.

Question 8

Where do I buy the VNX Gold (VNXAU) token?

Accepted Answer

You can buy VNX Gold (VNXAU) tokens on various exchanges, including LBank and EMIREX, or through the VNX platform, using cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), USDC, and euros (EUR).

Question 9

What problem or need does VNX Gold aim to address?

Accepted Answer

VNX Gold (VNXAU) aims to address the need for a secure and convenient way to invest in physical gold. By tokenizing gold, VNXAU offers a digital asset that retains the benefits of gold as a stable store of value, while providing high liquidity and protection against market volatility and inflation. This integration of physical assets with digital technology allows for ease of transfer and greater accessibility compared to traditional gold investments.

Question 10

Is the VNX Gold (VNXAU) open-source, and can I review its code?

Accepted Answer

VNX Gold (VNXAU) is not an open-source project, so its code cannot be publicly reviewed. However, it operates under regulatory oversight from the Liechtenstein Financial Market Authority (FMA), ensuring compliance with relevant financial regulations.

Question 11

How was the VNX Gold (VNXAU) token generated?

Accepted Answer

The VNX Gold (VNXAU) token is generated by VNX Commodities, which is registered with the Liechtenstein Financial Market Authority (FMA). Each VNXAU token corresponds to one gram of physical gold that is securely stored in a high-security vault, ensuring that each token has tangible backing.

Question 12

What is the VNX Gold (VNXAU) transaction speed and scalability?

Accepted Answer

VNX Gold (VNXAU) operates on two blockchains, Ethereum and Q, enhancing both its transaction speed and scalability. This multichain approach allows VNXAU transactions to be efficient and cost-effective, leveraging the strengths of decentralized technology for improved performance.

Question 13

Is VNX Gold (VNXAU) environmentally friendly in terms of energy consumption?

Accepted Answer

VNX Gold (VNXAU) operates on a model that inherently promotes environmental responsibility. Since it is a multichain token fully backed by physical gold, it avoids the high energy consumption typically associated with many blockchain operations. By being issued on established blockchains like Ethereum, which are transitioning towards more eco-friendly solutions, VNXAU benefits from technological advancements aimed at reducing energy consumption. Moreover, the physical gold is securely stored in a high-security vault in Liechtenstein, ensuring that energy-intensive processes are minimized in the management of the asset.

Question 14

What is the governance model for VNX Gold (VNXAU)?

Accepted Answer

The governance model for VNX Gold (VNXAU) is established through VNX Commodities, the entity responsible for its issuance and management. VNX Commodities operates under the regulatory framework set by the Liechtenstein Financial Market Authority (FMA), ensuring strict adherence to legal standards and enhancing trust among investors. This model of governance not only facilitates compliance with financial regulations but also provides ongoing oversight regarding the transparency and integrity of the VNXAU tokens.

Question 15

What are the long-term goals and vision for VNX Gold?

Accepted Answer

The long-term vision for VNX Gold (VNXAU) encompasses expanding its utility and integrating with multiple blockchain technologies. By offering a secure and liquid digital representation of physical gold, VNX Gold aims to cater to a diverse range of investors and users. The company continues to explore new use cases for VNXAU tokens, promoting broader adoption in the cryptocurrency space while leveraging the reliability of gold as a hedge against economic volatility and inflation. The strategy is focused on enhancing accessibility and forging partnerships that can further amplify the token's value in the market.

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What is VNX Gold (VNXAU)?

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VNX Gold Price

Top up and invest in seconds!

Market Stats

What is VNX Gold (VNXAU)?

What differentiates VNX Gold (VNXAU) from other tokens?

What does the VNX Gold (VNXAU) whitepaper promise?

What consensus mechanism does VNX Gold (VNXAU) use?

Who created VNX Gold and why?

When was the VNX Gold (VNXAU) token created?

How do I use the VNX Gold (VNXAU) token?

Where do I buy the VNX Gold (VNXAU) token?

What problem or need does VNX Gold aim to address?

Is the VNX Gold (VNXAU) open-source, and can I review its code?

How was the VNX Gold (VNXAU) token generated?

What is the VNX Gold (VNXAU) transaction speed and scalability?

Is VNX Gold (VNXAU) environmentally friendly in terms of energy consumption?

What is the governance model for VNX Gold (VNXAU)?

What are the long-term goals and vision for VNX Gold?

SwissBorg Indicators

Technical Analysis

Exclusive tools

Automate your investment today!

Receive notifications when VNX Gold reaches certain prices

Begin your Borger Journey today with the SwissBorg app!

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