💰 Business Model

All income will be come from fees generated by the use of the project and its liquidity pool. We find it more sustainable to implement an Ether fee for accessing platform features rather than depending on an economy tied to selling Certix tokens. The project aims to avoid creating any selling pressure on the token.

1. Minting fees

The user who wants to mint an NFT must pay in Ether the value of the item (calculated as the item's weight multiplied by the gold price at time T). This Ether is then converted into XAUT or WXAUT and staked in a pool, ensuring the NFT is backed by an equivalent gold value.

In addition to the value of the item, a small fee will be charged. This will depend on the user tier.

2. Melting fees

When a user decides to melt an NFT. The NFT is destroyed and the user receives the value of the item in XAUT (item's weight * price of gold at T time).

A small fee in Ether will also be applied (based on user tier).

3. Liquidity pool fees

As detailed on the fundraising page, a part of the raised funds will be allocated to the creation of a WXAUT/USDT pool on Uniswap (Arbitrum blockchain).

The fee tier on Uniswap will be set at 0.3%. As a result, fees will be collected for each swap in this pool. The project will keep 30% of all these fees and 70% will be distributed to the community through staking.

4. Marketplace fees

Our gold backed NFTs collection will be listed on Opensea, with the creator fee established at 5%. This means that for every sale made, the project will collect 5% of the sale amount, which is a relatively standard rate for collections on Opensea.

5. Auction fees

When an auction is won, the user must pay his bid amount along with a small fee that can go up to 3%, depending on his tier.

Our business model is centered around fee generation, allowing us to support the project's financial requirements over the long term without depending on the sale of Certix tokens.