The fuse.gold smart contract produces a fully gold-backed token called FUSEG inclusive of a single layer referral system the one referral link interestingly doubles up for FUSEG and GOLDX rewards. The referral system, called the “VIP Royalty Rewards Program” allows users to earn a secondary token called GOLDX — GOLDX acts as a loyalty reward token for the customers of the platform, this enables users to benefit from transactional activity using FUSEG (exchanges and transactions). Additionally this also applies to DEX buys and sells of the FUSEG token. There are a total of five different transactions that mint GOLDX loyalty rewards. The GOLDX token does not consume huge amounts of power to be mined into existence and instead can only be minted via transactional volume. This is a fully onchain verifiable proof of loyalty and has been labelled as (PoV) Proof of Volume. GOLDX will be redeemable via the fuse.gold platform for FUSEG.

FUSEG is the first real asset backed token on the goldXchain, a DPOS fork of Ethereum created by fuse.gold to digitise (RWA’s) Real World Assets, facilitate on-chain auditing and enable seamless global movement of those assets within the economy. The gold X blockchain also offers it’s own decentralized exchange and is aiming to facilitate the hosting of the entire fuse.gold platform as well as integrating Chainlink’s (PoV) Proof of Reserve and other available solutions like the Oracles and Automation. Our main focus is to bring the gold standard to crypto and enable the tokenisation of a wealth of RWA’s, whilst transparently securing them with Proof of Reserve.

fuse.gold and gold X blockchain are also EVM compatible which lends us the added bonus of being able to cross-chain over by way of bridge to other EVM compatible chains. This provides a much broader reach into the crypto markets and allows the use-case of FUSEG and GOLDX to be utilised on multiple chains simultaneously.

The fuse.gold platform has been meticulously designed to seamlessly scale from retail to an institutional investor level and aims to become a fully integrated gold backed crypto exchange, bank and web/mobile application. With its own blockchain and dex, all accessible from the fuse.gold dedicated mobile app which will become available on Android and IOS further along the road map. fuse.gold is providing a revolutionary approach to existing crypto projects whilst combining the benefits of both physical gold and crypto currency alike. Uniquely fuse.gold prides itself on delivering the stability of gold with FUSEG and the speculation of crypto with GOLDX. We are excited for the community to experience the unique tokenomics of GOLDX and the fuse.gold ecosystem combined. Anyone over the age of 18 years old can sign-up to the “VIP Royalty Rewards Program” to earn GOLDX points which later become exchangeable for GOLDX tokens. This is a no purchase necessary pre-launch promotion and the only requirement is to complete KYC/AML upon the main net launch of the fuse.gold platform. Here you can checkout the GOLDX public leaderboard.