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Since GoldLeaf dollars are backed by small amounts of gold, redemptions are possible to maintain it's intrinsic value. Note that redeeming your currency will void it, making it no longer possible to use. If you are a minor you may also be unable to convert it to dollars. Another thing that must be considered is storage, to store PAXG (The Gold backing), you must have an Ethereum account, and be able to pay network fees to move the gold, if you leave it as is, the gold will be custodied by GoldLeaf safely in cold storage.
Do not count on our currency as a way to store value. This is merely a project meant to increase awareness of our current monetary system and encourage investing.
For these reasons, it is best to keep your currency as is, and avoid redemptions.
If you would like to accept all risk, click here for instructions.
If you would like to accept all risk, click here for instructions.
Tear the bill open from the * on the front.
Find the serial number (4 digits) and redemption code.
Submit the form with your Ethereum address to receive the redemption. (Mainnet only)
Pay fees to mint (The ETH you send will be used as a fee sending out. If you do not submit a fee, your withdrawal will be send with a fee of $0.03 and is unlikely to confirm quickly.)
Redemptions are sent every Tuesday. Your form must be submitted by Sunday or else it will be processed next week.
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