$GPC marks two firsts in the RWA tokenization industry — it is the first tokenized gold to be available on DeFi outside of the Ethereum ecosystem, and also the first gold-pegged token that does not charge a percentage-based commission for transactions. These two attributes allow $GPC to truly deliver on the benefits of real-world asset tokenization, with Klaytn's low gas fees allowing individuals with small investment capital to add gold to their portfolios without gas fees eating a significant portion of their investment, and the lack of percentage-based fees ensuring that trading gold on-chain remains cost-effective regardless of the amount one wishes to transact.
Goldstation also marks the first-ever gold real-world asset (RWA) token DeFi platform powered by a public mainnet other than Ethereum. It will commence its services, which includes $GPC staking and more, on 24 January 2024. Goldstation will transform gold investments from conventionally relying only on market profits, into DeFi interest revenue generation opportunities. In addition, Goldstation will serve as a hyper-efficient and more profitable gold investment destination, thanks to Klaytn's low transaction fees, high TPS capabilities, and support for the ERC-3643 tokenization standard.
To mint $GPC, users will need to first convert their gold assets into NFTs via The Mining Club, which is a platform operated by CREDER that proves users' unique digital ownership of real gold assets using blockchain technology. Once a user's gold assets are recorded as an NFT, they will be able to issue $GPC at Goldstation by placing their gold NFT as collateral. This entire physical gold to $GPC tokenization process can be easily carried out with a few clicks by connecting their crypto wallets that support Klaytn, such as Kaikas, Metamask, and Kakao KLIP.
Goldstation is currently only available for South Korean residents, with plans for a global launch in the future.
Leading up to the launch, Klaytn Foundation worked closely with CREDER, sharing its business network of leading domestic and foreign partners while cooperating for regulatory compliance, platform optimization, and domestic and global marketing. In addition, as Klaytn recently integrated support for the ERC-3643 tokenization standard, Klaytn Foundation and CREDER plan to comprehensively expand precious metals RWA tokenization beyond gold in the future.
"Gold NFTs and $GPC can be ledgered on-chain for anyone through Oracle Network's Proof of Reserve (POR)," said James Lim, CEO of CREDER, "we will create a new standard for RWA with Klaytn based on the power of transparency and trust that Web 3.0 finance will deliver."
"We are very pleased that Klaytn is the mainnet of choice for CREDER's Goldstation, the first gold RWA token DeFi platform outside of the Ethereum ecosystem," said Sam Seo, Representative Director of Klaytn Foundation. "Klaytn Foundation has been working together with CREDER's meticulous preparation for $GPC and Goldstation. Moving forward, we will closely cooperate with them to deliver more diverse metal RWA tokenization projects for the domestic and global markets."
"We are very pleased that Klaytn is the mainnet of choice for CREDER's Goldstation, the first gold RWA token DeFi platform outside of the Ethereum ecosystem," said Sam Seo, Representative Director of Klaytn Foundation. "Klaytn Foundation has been working together with CREDER's meticulous preparation for $GPC and Goldstation. Moving forward, we will closely cooperate with them to deliver more diverse metal RWA tokenization projects for the domestic and global markets."