F.A.Q

We've gathered answers to some of the most common questions we receive to help you get the information you need quickly. If you don’t see your question here, feel free to reach out to us – we’re always happy to help!
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  • What is the QM Precious Metals Ecosystem, and how does it work?

    The QM Precious metals ecosystem is composed of products and services aimed to help attract the new generation of precious metals consumers through blockchain. This ecosystem will be started by our first token: Quantum Metal Gold Token ($QMGT) in order to build awareness and solutions to entice the web3 community to join our ecosystem.

  • What is the $QMGT Token, and what role does it play in the ecosystem?

    $QMGT is a token with a USD value of gold redeemable for a physical gold-backed NFT representing 1g of gold, providing stability and inherent value for our ecosystem. Its role is to be the first token to be minted and be used as a proof of concept for our project.

  • Is QMGT regulated? How are the gold holdings audited/verified?

    $QMGT is regulated and has a token issuance based in Singapore and its gold holdings in the Quantum Metal Bullion bank in Australia. We are currently working on getting an additional audit for our gold apart from the existing regulations already in place when operating a bullion bank.

  • Is QMGT backed by gold, pegged to its price, or something else?

    $QMGT is unique since each token is changeable to a 1g physical gold-valued NFT.  The price of each QMGT token is designed to mirror the real-time USD value of 1 gram of gold to ensure stability.

  • Is there a fixed or unlimited supply of QMGT Tokens?

    $QMGT has 3 Million tokens since we have been assigned, 3 Metric tonnes of gold for the project and we will have this regularly audited once its live and if we have completely sold out our reserves we may choose to add additional supply into the ecosystem after completing a new set of audits and creating NFT representation for the new tokens.

  • What regulatory policies does QMGT follow (e.g., AML/KYC)?

    The regulatory policies that $QMGT follows is we ask for AML/KYC requirements needed under the payment services act of Singapore and we ensure to compile this properly during presale.

  • Where and how can I buy/sell/exchange QMGT tokens?

    We are currently on private sale and you can check out the ‘buy now’ button on our website right now to get more information.

  • What is the QMC Token, and how does it differ from QMGT?

    Our native layer-1 token powering our precious metals ecosystem, facilitating transactions and ecosystem participation. The main difference of $QMC from $QMGT is that this is a volatile token with potential for massive movements: Growth and volatility.

  • Why is QM developing its own QMC Chain? What are the benefits?

    We are developing our own chain since we believe we have the proper regulatory and tech infrastructure that we can share with the blockchain community and we can help other precious metals and future RWA projects through our chain. 

  • Why does the QM ecosystem need two tokens (QMGT and QMC)?

    We need to create two tokens so we can have a balanced risk approach – $QMGT represents stability and $QMC represents volatility and growth.

  • Where is the physical gold backing the QMGT tokens securely stored?

    The gold of $QMGT which is represented by NFT’s is in the Quantum Metal Bullion bank of Australia.

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