Date of Publication: 1 October 2025
CACHE Private Limited confirms that the airdrop of Pax Gold (PAXG) tokens has been successfully completed in accordance with the compulsory redemption process set out in Clause 5A of our Terms of Service (the “TOS”), available at: https://cache.gold/terms-of-service
Capitalised terms in this notice shall have the meanings ascribed to them in the TOS.
In accordance with the TOS, CGT tokens ceased to be backed by gold as of 30 September 2025, 23:59:59 (Singapore Time) (the “Compulsory Redemption Date”).
PAXG tokens have now been airdropped to all eligible Ethereum addresses as of the Snapshot Block (i.e., the last Ethereum block mined prior to the Compulsory Redemption Date).
The conversion was based on the formula:
Number of CGT tokens held ÷ 31.1034768, rounded down to the nearest 0.00000001 PAXG (8 decimal places).
This reflects the respective gold representation of each token (1 CGT = 1 gram; 1 PAXG = 1 troy ounce of gold).
No fiat or market price valuation was applied. This airdrop constitutes full and final settlement for the CGT tokens held as of the Snapshot Time.
If you believe you were eligible but did not receive your PAXG tokens, or if you have questions about the redemption process, please contact us at [email protected] no later than 31 October 2025.
Thank you for your support and understanding as CACHE concludes its winding down process.