CACHE Gold Fees

The CACHE Gold token fees:

  1. Storage fee – CACHE Gold charges 0.25% (25 basis points) per annum to cover the cost of insured, audited storage in accredited partner vaults. Please see the detailed fee guide for more information.
  2. Redemption fee – CACHE charges a 1% (100 basis points) fee to redeem CGT tokens for physical gold. For pickup orders, there is a 1 CGT minimum redemption fee.
  3. Transfer in fee – CACHE charges a 1% (100 basis points) fee to transfer your bullion to CACHE.

To simplify the usage of CACHE Gold tokens we waived our 0.1% (10 basis point) transfer fee for transfers of CGT from one address to another until January 1, 2023.

For any address that does not transact for three or more years, the storage fee is replaced by a 0.50% (50 basis point) per annum inactivity fee based upon the snapshot balance as of the date of inactivity. Inactive addresses become active addresses upon transferring any number of tokens to any other address or by the paying outstanding storage fees. For more detailed technical information about CACHE Gold fees and how they work, please see the CACHE Gold smart contract documentation.

Delivery Fees

Depending on the redemption option chosen, there may be additional fees charged by the delivering vault such as a pickup fee and or insured shipping charges if you choose to have your gold shipped from the vault.

Important Notice:

CACHE Gold, established in 2018, embarked on a mission to digitize gold through the issuance of fungible ERC-20 tokens, utilizing the GramChain asset tracking system. This innovative approach offered a transparent and fully backed solution, providing real-time and tamper-evident Proof of Reserve (PoR).

Recent regulatory changes and proposed amendments are expected to significantly increase our compliance and administrative costs, rendering the issuance of new gold backed tokens in Singapore unfeasible. In light of these developments, CACHE Gold has made the difficult decision to enter indefinite dormancy. This move is aimed at addressing the operational complexities arising from the recent and potential regulatory shifts. Our primary focus during this period of dormancy will be to facilitate the redemption/conversion of any remaining tokens.

If you hold any outstanding CGT, please contact us at [email protected] for guidance on CGT redemption/conversion.

CACHE Gold has consistently maintained more than 100% backing for its tokens and possesses adequate net assets to responsibly close operations, settling all liabilities. We have actively reduced outstanding tokens and hold only a minimal number of third-party tokens.

We deeply regret being unable to realize our vision of issuing highly transparent public blockchain gold tokens.