GPMF GOLD TOKEN
— WHITEPAPER (v1.0)

Prepared by: King Choi
Date: September 2025
Ticker: GPMF
Jurisdiction (Foundation): Golden Palace Mining Foundation Group Limited (BVI)

Document Purpose & Executive Summary
GPMF aims to digitize and tokenize physical gold assets through blockchain technology, offering a stable, transparent, and intrinsically backed virtual currency. By anchoring the token’s value to a licensed Indonesian gold mining project, GPMF seeks to reduce the extreme price volatility typical of cryptocurrencies, enabling broad participation in the value appreciation of physical gold with low entry barriers and high liquidity.

Key Snapshot

• Total Supply: 600,000,000 GPMF

• Backing Ratio (design target): 1 GPMF = 0.01 gram of gold
  (designate “reference gold mass”)

• ICO Price: USD 1.22 per GPMF (pricing basis ≈ USD 122/g × 0.01 g)

• Token Standard: Binance Smart Chain (BEP-20)

• Initial Exchange Partner: XT.COM (ICO & initial listing)

• Core Asset Holder: Golden Palace Mining Foundation Group Limited (BVI)

• Mining Concession: Kabupaten Bolaang Mongondow Utara, Indonesia;
  10+10 years license; site area 40 hectares

• Reserve Statements (as provided):

  • Statement A: ~12 metric tons total (implies ~300 kg/ha)

  • Statement B: 150 kg/ha figure referenced in technical note
    (→ 6,000 kg total over 40 ha)

• Compliance: Project states possession of full mining permits from relevant Indonesian government departments (Land Agency, Environmental Agency, State Assets Agency). Land certificates exist identifying land title/ownership.

Important: Reserve figures above include two different point estimates (300 kg/ha and 150 kg/ha). This whitepaper preserves both as supplied and treats them as scenarios pending an updated competent‑person report. See §2.3 Geology & Grade and Appendix A for methodology and implications.

1. Vision & Problem Statement

• Vision: Create a next‑generation digital gold standard by bridging traditional mining with blockchain to deliver transparent, auditable, gold‑referenced tokens.

• Problem: Conventional cryptocurrencies suffer high volatility and lack intrinsic value. Access to physical gold is often limited by storage, custody, and liquidity frictions.

• Solution: GPMF issues tokens pegged to a defined mass of gold, supported by
  a licensed mining operation, on-chain transparency, and exchange-based liquidity.

2. Core Asset Backing

2.1 Ownership & Permitting

• Asset Holder: Golden Palace Mining Foundation Group Limited (BVI).

• Location: Kabupaten Bolaang Mongondow Utara, Indonesia.

• License: Full 10+10 years mining rights.

• Area: 40 hectares.

• Regulatory Status: Project asserts complete and official mining permits
  (Land Agency, Environmental Agency, State Assets Agency).

• Land Title: Land certificates presented to identify ownership/title.

2.2 Reserve Statements (as provided)

• Statement A (Aggregate): Total gold reserve ~12 metric tons
  (~300 kg/ha on 40 ha).

• Statement B (Per‑Hectare): 150 kg/ha technical note used for grade illustration; over 40 ha → 6,000 kg total.
  These two figures are retained as‑is for transparency and treated as Scenario A and Scenario B throughout this document until unified by an independent technical report.

2.3 Geology, Grade & Conversions (Illustrative)

🏆 Note: Based on minimum assumption

A memo provided the following illustrative conversion for 150 kg/ha:

• Unit conversions

  • 150 kg/hectare = 150,000 g/ha

  • 1 hectare = 10,000 m²

  • 40 hectares = 400,000 m² → 6,000 kg total

➤ This implies an average gold presence of approximately 15 grams per square meter (15 g/m²).

• Grade approximation (g/t)

  • Assume ore density = 2.7 t/m³ and ore thickness = 1 m

  • Ore mass per hectare ≈ 27,000 t

  • Grade ≈ 350,000 g / 27,000 t ≈ 12.96 g/t

  • Context: 10+ g/t is typically classed ultra‑high‑grade; many operating mines average 1–4 g/t.

➤ This grade is significantly higher than the global industry average and indicates a potentially high-yielding deposit.

Conclusion (illustrative): A grade of 12.96 g/t is substantially above typical averages and suggests high economic potential, subject to professional verification of ore body thickness, geometry, continuity, metallurgy, and mining method.

Note: While 12.96 g/t is categorized as ultra high grade in industry benchmarks,
it is essential to distinguish that this figure reflects conceptual resource potential.
Final economic viability depends on operational recovery rates, CAPEX/OPEX structure,
taxation, royalty schemes, and environmental compliance.

2.4 Gross In‑Situ Value (Illustrative)

🏆 Note: Based on minimum assumption

Using Scenario B (6,000 kg total) and USD 122/g reference price:

• 6,000,000 g × USD 122/g = ~USD 732 million gross in‑situ value.
  Caveats: This is not NPV. It excludes CAPEX/OPEX, processing/smelting, royalties, taxes, depreciation, financing, and timeline/discounting. See §10 Risks.

2.5 Reserve Classification & Verification

• Current figures are best treated as resources (conceptual) rather than reserves (economically mineable) pending completion of a feasibility study and competent‑person classification (e.g., JORC/NI 43‑101 style reporting).

• GPMF plans periodic third‑party audits for:

  1. Geological/resource statements;

  2. Financial statements;

  3. Operational progress and production reconciliation.

3. Token Design & Economics

3.1 Token Definition

• Symbol: GPMF

• Total Supply: 600,000,000 tokens (fixed)

• Reference Mass: 1 GPMF = 0.01 g of gold (design target)

• ICO Price: USD 1.22 per GPMF (≈ 0.01 g × USD 122/g)

• Token Standard: Binance Smart Chain (BEP-20)

• Decimals: 18

• Contract Address: [ 0xf0026F7691d73562502B1058F155f1949d33FA5A ]

Value Foundation: GPMF is designed to correlate with a specific mass of gold from the backing mine. Over time, mining progress, market reserves, and international gold prices inform the project’s reserve ratio and treasury management. The team is researching buy‑back/burn or dividend policies based on realized mining revenue
(see §8.3).

3.2 Allocation & Vesting

Final vesting schedules will be published on‑chain with time‑lock contracts before/at TGE.

3.3 Use of Proceeds

• Mining CAPEX & OPEX: site development, equipment, processing, staffing

• Technology & Security: smart contracts, audits, custody, oracle infra

• Market Expansion & Liquidity: market‑making, listings, partnerships

• Team Growth & Compliance: hiring, legal, KYC/AML, reporting

4. Utility & Value Accrual

1. Physical Asset Backing: Exposure to a licensed gold project rather than purely speculative token value.

2. Exchange Liquidity: XT.COM as strategic partner for ICO and listing

3. Operational Flywheel: As mining advances, production converts in‑situ value into revenue & profit, enabling treasury growth, prospective buy‑backs/burns or dividends, and stronger on‑chain backing.

4. Transparency: Regular reserve/finance audits and on‑chain disclosures.

5. Market Fit: Combines gold’s stability with blockchain’s programmability, targeting investors seeking a digital gold standard.
   

Policy Research: In H2 2026+, GPMF explores buy‑back/burn or dividend mechanisms based on realized cash flows (subject to legal review by jurisdiction).

5. Market Liquidity & Listings

• Initial Exchange Partner: XT.COM (ICO, distribution, and planned listing).

• Expansion: Aditional exchange listings could be considered as part of future liquidity expansion efforts.

6. Technical Architecture

6.1 Smart Contracts

• BEP-20 Token Contract: GPMF is issued as a BEP‑20 token on Binance Smart Chain (BSC), and its source code has already been published and is publicly viewable on BscScan.

• Time-Lock & Vesting Contracts: Allocations to the team, partners, and foundation are managed through smart contracts with time-lock and linear vesting mechanisms based on block timestamps.

• Treasury Module: A dedicated treasury wallet system handles reward distributions, with all token issuance and transfers transparently recorded on the BSC blockchain.
  

6.2 BSC Network Architecture

• Efficient Transactions: Operating on Binance Smart Chain, GPMF tokens benefit from fast block confirmations and low gas fees, ensuring scalable and cost-effective transactions.

• PoSA Consensus: BSC uses Proof of Staked Authority (PoSA), combining staking and validator reputation to deliver short block times and reliable execution

• EVM-Compatible Execution: All business logic—including token issuance, vesting, and treasury control—is deployed through smart contracts on the EVM-compatible BSC network.

• Wallet Compatibility: GPMF tokens are supported by major BSC wallets such as MetaMask, Trust Wallet, TokenPocket, and SafePal, allowing for secure storage, transfers, and DeFi integration.
  

6.3 Custody & Security

• Foundation Asset Management: GPMF Foundation reserves are held in multi-signature wallets on BSC, with clearly assigned operational roles and well-defined contingency protocols.

• Key Management: Operational keys are secured using HSM-backed infrastructure, and access permissions are separated by role for enhanced security control.

• Security Audits: All wallets and transactions are protected by two-factor authentication (2FA), signature verification, and real-time blockchain monitoring systems, with active response mechanisms in place for anomaly detection.

7. Governance Structure

• Foundation (Gold Palase Mining Foundation Group Limited_BVI): Responsible for policy formulation, treasury management, and overall strategic oversight of the project.

• Advisory Board: Comprised of experts in mining, legal, finance, and the crypto industry, providing strategic guidance and professional support to
  the foundation’s decision-making processes.

8. Compliance & Legal

• Licensing & Permits: Mining permits from relevant Indonesian authorities
  (Land, Environmental, State Assets Agencies).

• KYC/AML: Exchange‑grade onboarding; sanctions screening; suspicious activity monitoring.

• Token Characterization: The project does not offer financial advice; purchasers must assess legal characterization in their jurisdiction.

• Restrictions: GPMF may restrict sales in jurisdictions with prohibitions or heightened requirements.

• Disclosures: Reserve/resource statements are subject to verification by independent qualified experts.

9. Roadmap

• Q4 2025: ICO launch on XT.COM; token distribution and listing.

• Q1 2026: Commence Phase‑1 mining operations; release first third‑party audit.

• Q2 2026: Explore additional exchange listings.

• H2 2026: Research & design buy‑back/burn or dividend mechanism based on mining revenue.

• 2027+: Ongoing production ramp, expanded disclosures, multi‑chain availability, and governance evolution.

10. Risks (Non‑Exhaustive)

• Geological and Resource Risk
  The reported reserve estimate of 150 kg per hectare is currently categorized as being in the exploration phase (resource level).

• Market and Economic Risk
  The token price may be subject to high volatility due to investor sentiment during exchange-based trading. As a result, the market price of the token may diverge from the real-time international gold price.

11. Appendices

Appendix A — Grade & Value Calculations (as provided)

Statement B

• Per‑hectare mass: 150 kg/ha → 150,000 g/ha

• Area: 40 ha → 6,000 kg total

• Ore mass (assumed): 27,000 t/ha (density 2.7 t/m³, thickness 1 m)

• Grade: 350,000 g / 27,000 t ≈ 12.96 g/t

Gross in‑situ value: 6,000,000 g × USD 122/g ≈ USD 732,000,000

Statement A

• Per hectare mass: 300 kg/ha → 300,000 g/ha

• Area: 40 ha → 12,000 kg total (12 t)

• Ore mass (assumed): 27,000 t/ha (density 2.7 t/m³, thickness 1 m)

• Grade: 300,000 g / 27,000 t ≈ 11.11 g/t

• Gross in situ value:
  12,000 kg = 12,000,000 g × USD 122/g ≈ USD 1,464,000,000

🏆 Industry context: 1–4 g/t typical; >10 g/t considered ultra‑high‑grade.

Appendix B — Token Parameters

· Chain / Token Standard: Binance Smart Chain (BEP-20)

· Decimals: 18

· Contract Address: [ 0xf0026F7691d73562502B1058F155f1949d33FA5A ]

· Token Bridges: Future cross-chain compatibility under consideration

· Oracles: To be integrated if external pricing data is required

Appendix C — Documents & Evidence (to be appended)

• Land certificates (title identifiers)

• Permit copies/letters (Land, Environmental, State Assets Agencies)

• Concession map & coordinates

• Environmental & social baseline assessments

Note: Visual materials such as concession maps, land documents, and site photographs can be viewed in the separate presentation whitepaper (PPT format).

12. Legal Notice & Disclaimer

Thank you for your interest in the GPMF project. This whitepaper is intended solely to provide information and help readers understand the GPMF service.

Under no circumstances should this whitepaper be interpreted as financial, legal, tax, or investment advice related to the GPMF token.
In addition, the issuance method described in this whitepaper may be restricted or prohibited in certain jurisdictions, and duplication or distribution of this document in whole or in part is not permitted in such regions.

Any decisions or judgments made based on this whitepaper are the sole responsibility of the reader. GPMF shall not be held liable for any direct, indirect, special, incidental, or consequential losses arising from the use of or reliance on the contents of this document.

We recommend that all readers thoroughly review relevant materials and, if necessary, seek advice from qualified experts in the appropriate fields to fully understand this whitepaper.

13. Conclusion

GPMF is conceived as an innovative bridge between licensed gold mining and blockchain finance. By combining physical asset exposure, exchange liquidity, and a commitment to audit‑driven transparency, GPMF aspires to offer a credible digital gold standard. We invite participants to join us as we progress from resource validation to production and on‑chain value realization.