GPMF GOLD TOKEN
WHITEPAPER (v1.1)
Prepared by: GPMF Team
Date: November 2025
Ticker: GPMF
Foundation: GPMF HOLDINGS LIMITED
Document Purpose & Executive Summary
GPMF aims to digitize and tokenize real mining operations through blockchain technology, creating a transparent and trust-based digital asset. By linking its value to the progress and credibility of a licensed Indonesian gold mining project, GPMF seeks to provide stability, transparency, and accessible participation in a real-world asset economy.
Key Snapshot
Total Supply: 600,000,000 GPMF
Design target: GPMF Backed by mining progress and business growth.
Token Standard: Binance Smart Chain (BEP-20)
Initial Exchange Partner: XT.COM (ICO & initial listing)
Core Asset Holder: GPMF HOLDINGS LIMITED
Mining Concession: Kabupaten Bolaang Mongondow Utara Regency, North Sulawesi, Indonesia
5+5 years license; site area 100,000 m²Reserve Statements (as provided): Approximately ~6 tons (0.6 kg per 10 square meters)
Document Completeness: Full mining permits have been obtained from relevant Indonesian government departments, including the Land Office, Environmental Protection Agency, and State Assets Agency, ensuring legality and compliance.
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 backed by a licensed gold mining operation, reflecting real mining progress, verified business performance, and transparent on-chain management with exchange-based liquidity.
2. Core Asset Backing
2.1 Ownership & Permitting
Asset Holder: GPMF HOLDINGS LIMITED
Location: Kabupaten Bolaang Mongondow Utara, Indonesia.
License: Full 5+5 years mining rights.
Area: 100,000 m²
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
Total Area: 100,000 m² (approximately 10 hectares)
Average Gold Content per m²: 60 g
Assumptions:
Mining Area: 100,000 m² (10 ha)
Ore Density: ~2.7 t/m³ (assuming 1 m mining depth)
Gold Content: 0.6 kg per 10 m²
This corresponds to approximately 22.22 g of gold per ton of ore (22.22 g/t).
At this concentration, each 10 m² section (10 m³ of ore ≈ 27 tons) contains around 600 grams of recoverable gold,
placing the deposit in the category of ultra-high-grade gold ore by global mining standards —
well above the typical commercial range of 1–4 g/t.
2.3 Grade Context and Economic Implications
A grade of approximately 22 g/t represents an exceptionally high level of mineralization.
By comparison, most profitable open-pit operations globally average between 1–4 g/t,
while underground “high-grade” deposits typically exceed 10 g/t.
Accordingly, the GPMF deposit demonstrates a 5–20× higher purity than standard commercial gold mines.
However, this figure is conceptual and illustrative, pending verification of ore body geometry,
continuity, metallurgy, and recovery factors through professional assessment.
Final economic feasibility will depend on operational recovery rates, CAPEX/OPEX, taxation, royalties,
and compliance with environmental and regulatory frameworks.
2.4 Gross In‑Situ Value (Illustrative)
Based on the estimated 6,000 kg of contained gold
and a reference price of USD 122/g,
the indicative gross in-situ value is calculated as follows:
6,000,000 g×122 USD/g = ≈ USD 732 million
Note: This represents a gross conceptual valuation, not Net Present Value (NPV).
It excludes CAPEX, OPEX, processing and refining costs, royalties, taxes, depreciation,
financing, and timeline-related discounting. (See §10 — Risks)
2.5 Reserve Classification & Verification
At this stage, the reported figures are considered conceptual resources rather than
economically mineable reserves, pending the completion of a detailed feasibility study
and classification by a Competent Person under international standards
(e.g., JORC or NI 43-101 reporting frameworks).
GPMF Holdings Limited intends to conduct periodic third-party audits covering:
Geological and resource statements
Financial and operational reports
Production reconciliation and compliance reviews
3. Token Design & Economics
3.1 Token Definition
Symbol: GPMF
Total Supply: 600,000,000 tokens (fixed)
Reference basis: Real mining progress & operational credibility
Token Standard: Binance Smart Chain (BEP-20)
Decimals: 18
Contract Address: [ Oxf0026F7691d73562502B1058F155f1949d33FA5A ]
Value Foundation: GPMF derives its value from the progress and credibility of a licensed gold mining operation. Over time, mining advancement, verified reserves, and transparent revenue management shape the project’s underlying asset value. The team is also developing buyback or dividend mechanisms based on realized mining profits.
3.2 Allocation & Vesting
ICO Public Sale 10% 60,000,000
Freely Tradable upon listing, subject to lockups if requird by exchange/regulator
GPMF Foundation Reserve 70% 420,000,000
Programmaitc release tied to verified milestones (geology, production, audits);treasury for future convertibility/liquidty programs
Ecosystem & Treasury 5% 30,000,000
Grants, market operations, ecosystem incentives
Team & Advisors 5% 30,000,000
Proposed: 12-month cliff, 24-month linear vest thereafter
Partners(Crypto Exchanges) 10% 60,000,000
Subject to bespoke vesting / listing agreement
Total 100% 600,000,000
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
3.4 Profit Distribution & Dividend Policy
GPMF HOLDINGS LIMITED will base its operations on the next five years. 50% of the net profit from gold production will be converted into GPMF coins and distributed as dividends, equally given to all coin-holding customers. Each year, a legally recognised professional accounting firm in Indonesia will issue P/L financial statements.
50% of the net profit earnings will be used for
a. Will be used for the future development of the gold mine, including considering the purchase of new mining areas to ensure the continuity of the project.
b. For the mining, equipment purchase, and operational costs of the gold mine.
c. Technical development and maintenance· The dividends/gift will also be locked up for 12 Months.
4. Utility & Value Accrual
Physical Asset Backing: Exposure to a licensed gold project rather than purely speculative token value.
Exchange Liquidity: XT.COM as strategic partner for ICO and listing
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.
Transparency: Regular reserve/finance audits and on‑chain disclosures.
Market Fit: Combines gold’s stability with blockchain’s programmability, targeting investors seeking a digital gold standard.
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 (GPMF HOLDINGS LIMITED): 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
The total mining area is 100,000 square meters (approximately 10 hectares) with an average gold content of 0.6 kilograms per 10 square meters, equivalent to 60 grams per square meter.
Assuming an average ore density of 2.7 tons per cubic meter and a mining depth of 1 meter, each hectare (10,000 m²) contains roughly 27,000 tons of ore.
At this density, 0.6 kilograms of gold per 10 m² corresponds to approximately 22.22 grams of gold per ton of ore (22.22 g/t).
Each 10 m² section (about 10 m³ of ore or 27 tons) therefore contains around 600 grams of recoverable gold, placing the deposit in the ultra-high-grade gold ore category by global mining standards — well above the typical commercial range of 1–4 g/t.
The total estimated contained gold is 6,000 kilograms (6 metric tons).
Using a reference gold price of USD 122 per gram, the indicative gross in-situ value is calculated as:
6,000,000 g×122 USD/g=≈ USD 732 million
This value represents a conceptual gross estimate, excluding CAPEX, OPEX, refining costs, royalties, taxes, depreciation, financing, and discounting factors. It does not represent a Net Present Value (NPV).
Industry context: globally, gold grades of 1–4 g/t are typical for commercial operations, while grades exceeding 10 g/t are considered ultra-high-grade. The GPMF deposit demonstrates a purity level 5–20 times higher than the industry average.
Appendix B — Token Parameters
Chain / Token Standard: Binance Smart Chain (BEP-20)
Decimals: 18
Contract Address: [ Oxf0026F7691d73562502B1058F155f1949d33FA5A ]
Token Bridges: Future cross-chain compatibility under consideration
Oracles: To be integrated if external pricing data is required
Appendix C — Documents & Evidence
Full mining permits have been obtained from the relevant Indonesian government departments, including:
Land Office
Environmental Protection Agency
State Assets Agency
ensuring full legality and regulatory compliance of the project.
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 envisioned as an innovative bridge between licensed physical gold mining in Indonesia and blockchain finance, combining asset-backed value, liquidity, and transparency to establish a credible foundation for a new digital gold standard.
Anchored by fully licensed physical gold reserves, GPMF minimizes investment risk while maintaining intrinsic value through verified natural resources. Strategic cooperation with a globally recognized exchange ensures token liquidity and market credibility from ICO issuance through listing.
As gold production advances, physical reserves will convert into corporate revenue and token value growth, supported by government-approved permits and regular third-party audits that guarantee transparency and compliance.
By merging the stability of gold with the growth potential of blockchain assets, GPMF stands as a leading model for the next generation of asset-backed digital finance.