Collateral
GEX token is fully collateralized with gold, Bitcoin, Ethereum, BNB and AVAX. We have selected Paxos Gold and Tether Gold as providers for the tokenized gold, Ren Bitcoin for the wrapped version of Bitcoin in Ethereum and BSC, and Bitcoin Avalanche Bridged on Avalanche network. The weight and address of each collateral token is:
- 20% Pax Gold (PAXG): 0x45804880De22913dAFE09f4980848ECE6EcbAf78
- 20% Tether Gold (XAUT): 0x68749665FF8D2d112Fa859AA293F07A622782F38
- 10% Ren Bitcoin (RENBTC): 0xEB4C2781e4ebA804CE9a9803C67d0893436bB27D (deprecated)
- 10% Ethereum (ETH)
- 10% Ren Bitcoin (RENBTC): 0xfCe146bF3146100cfe5dB4129cf6C82b0eF4Ad8c (deprecated)
- 10% BNB (BNB)
- 10% Bitcoin Avalanche Bridged (BTC.B): 0x152b9d0FdC40C096757F570A51E494bd4b943E50
- 10% Avalanche (AVAX)
Due to the fall of the REN protocol in December 2022, the Ren BTC pools on the Ethereum and BNB Chain networks have been decommissioned and the corresponding collateral transferred to other pools, so the only active BTC pool is on the Avalanche network.
Last modified 8mo ago