Pre-launch website — not a public offering. Live data will be published when it exists.
Golden Fig Coin

GFC Economics

Key investor questions.

These questions address the core economics of GFC, the Monetary Reserve, risk sharing and the distinction between holder economics and Golden Fig company economics.

Ownership chain

  1. Qualifying mining interest

  2. Verified Resource / Reserve

  3. Development

  4. Production

  5. Doré

  6. Physical gold in the Monetary Reserve

The beneficial interest remains with GFC holders throughout.

The form of the asset may change. The beneficial ownership principle does not.

  1. 01

    What does a GFC holder actually own economically?

    This distinction is fundamental.

    A GFC holder does not acquire shares in Golden Fig.

    A holder acquires GFC and, under the structure Golden Fig commits to establish before qualifying issuance, participates proportionally in the legally enforceable beneficial ownership of the qualifying precious-metal interests forming the protected Monetary Reserve and Gold & Silver Forest supporting GFC.

    The holder therefore participates economically in the monetary foundation behind GFC — not in the equity of the company that operates the system. That beneficial ownership begins with the qualifying mining interest itself.

  2. 02

    What legally protects a GFC holder’s interest in the Gold & Silver Forest and Monetary Reserve?

    GFC holders do not acquire shares in Golden Fig.

    Before any GFC is issued against a qualifying mining interest, Golden Fig commits to establish a legally binding structure under which the relevant qualifying mining rights and economic interests are segregated and held for the legally enforceable beneficial ownership of GFC holders.

    The holder interest begins with the qualifying mining interest itself. It does not arise only when ore is mined, doré is produced or physical gold enters the Monetary Reserve.

    The protected interests may include project equity, royalties, streaming or production entitlements, security interests and other qualifying contractual interests linked to independently verified precious-metal Resources and Reserves.

    As the underlying asset progresses from verified underground Resource and Reserve through development and production into doré and ultimately physical gold in the Monetary Reserve, the form of the asset may change, but the beneficial ownership principle remains with GFC holders.

    FROM DAY ONE, GFC HOLDERS’ BENEFICIAL OWNERSHIP OF QUALIFYING MINING INTERESTS WILL BE LEGALLY ENFORCEABLE.

    THE RIGHT BEGINS WITH THE QUALIFYING MINING INTEREST — NOT ONLY WHEN GOLD REACHES THE RESERVE.

  3. 03

    Do the Gold & Silver Forest and Monetary Reserve belong to Golden Fig?

    No.

    Golden Fig operates and administers the GFC system, but the qualifying mining interests forming the Gold & Silver Forest and the assets forming the Monetary Reserve are intended to be legally segregated from Golden Fig’s unrestricted corporate assets.

    Their beneficial ownership will belong to GFC holders under the legally enforceable structure established before qualifying GFC issuance.

    Golden Fig’s corporate economic value belongs to its shareholders.

    The protected economic value of the GFC Gold & Silver Forest and Monetary Reserve belongs beneficially to GFC holders.

    GOLDEN FIG OPERATES THE SYSTEM.

    IT DOES NOT BENEFICIALLY OWN THE GFC GOLD & SILVER FOREST OR MONETARY RESERVE.

  4. 04

    What happens if Golden Fig becomes insolvent or ceases to operate?

    The protected mining interests and Monetary Reserve are intended to remain outside Golden Fig’s unrestricted corporate estate.

    If Golden Fig becomes insolvent, ceases operations, changes control or the GFC system is terminated, the qualifying mining interests within the Gold & Silver Forest and the assets of the Monetary Reserve will remain for GFC holders.

    They will not pass to Golden Fig’s shareholders or become available to Golden Fig’s general creditors as ordinary corporate assets.

    The legal structure established before launch and qualifying issuance will provide for those interests to continue to be administered, transferred, realised or distributed for the benefit of GFC holders in proportion to their recognised GFC holdings.

    IF GOLDEN FIG CEASES TO OPERATE, THE GOLD & SILVER FOREST AND MONETARY RESERVE REMAIN FOR GFC HOLDERS.

  5. 05

    How is each holder’s proportional beneficial interest determined?

    The principle is proportional participation.

    A holder’s beneficial economic interest is intended to reflect the amount of GFC held relative to the relevant issued and recognised GFC supply, subject to the final legal and operational documentation.

    Unissued authorised capacity does not participate in the Gold & Silver Forest or Monetary Reserve merely because it has been authorised.

    New GFC may only be issued where genuinely new qualifying financing creates additional eligible and independently verifiable precious-metal economic interests.

    AUTHORISED CAPACITY IS NOT ISSUED SUPPLY.

  6. 06

    What happens if one Tree fails?

    A single Tree is not intended to stand alone. Each qualifying mine or project becomes one Tree within the wider GFC Gold & Silver Forest.

    GFC is one currency supported by the combined Gold & Silver Forest. The failure or impairment of one Tree may reduce the economic strength of the aggregate Forest and therefore the economic foundation supporting GFC.

    If one Tree underperforms or fails, its economic impact is therefore absorbed within the wider Forest rather than being concentrated on a separate class of holders. A Tree failure does not create a separate loss class assigned only to holders associated with that Tree, because GFC holders participate in the combined Forest structure.

    Equally, the success, growth and additional value created by stronger Trees benefit the GFC monetary foundation as a whole.

    This pooling is deliberate. The objective is to reduce dependence on any single mine and progressively create a broader, diversified precious-metals foundation behind one GFC currency.

    There is no guarantee of principal protection, recovery or that the market price of GFC will be maintained if a Tree fails.

  7. 07

    How are early GFC holders protected as new Trees are added?

    Early participation is intended to have a natural economic advantage.

    At an early stage, the Forest is smaller, GFC has less market history and the market price may be lower. As additional qualifying Trees are added, projects mature, Resources and Reserves grow and the GFC ecosystem becomes more established, we would expect the market to reassess the value of GFC accordingly.

    Most importantly, new GFC cannot simply be issued against existing value.

    New issuance requires genuinely new qualifying financing that creates additional qualifying precious-metal economic interests for the GFC system.

    The intention is therefore not to dilute existing value by printing additional GFC, but to expand the monetary foundation alongside any expansion in supply.

  8. 08

    How does growth in the Forest or Monetary Reserve benefit a GFC holder?

    The connection is economic, not merely informational.

    As value is created within the Trees, Resources and Reserves develop, qualifying production occurs and physical gold enters the Monetary Reserve, the economic foundation supporting GFC can strengthen.

    That stronger foundation will be reported transparently so that the market can assess the economic value supporting GFC.

    The market determines the price of GFC.

    There is no guaranteed appreciation, fixed NAV, redemption price, buyback obligation, price floor or guaranteed liquidity.

    RESERVE AND FOREST GROWTH STRENGTHENS THE ECONOMIC FOUNDATION OF EXISTING GFC.

    GROWTH DOES NOT ITSELF AUTHORISE NEW GFC ISSUANCE.

  9. 09

    How will the Gold & Silver Forest and Monetary Reserve be valued and reported?

    Golden Fig intends transparent reporting at both individual Tree level and aggregate Forest level.

    Reporting should distinguish, where relevant:

    independently verified Resources and Reserves; qualifying contractual mining and precious-metal interests; project equity, royalties, streams or production entitlements; physical precious metals held in the Monetary Reserve; material development and production progress; material changes in project economics; Reserve investments and liquidity; issued and circulating GFC supply.

    Technical mineral information will be supported by appropriately qualified independent professionals.

    Reserve assets and investment positions will be subject to appropriate independent professional management, custody, administration, valuation and reporting arrangements.

    The detailed valuation methodology and reporting frequency will be established before launch.

  10. 10

    How much physical gold will the Monetary Reserve hold?

    The Monetary Reserve is not intended to be managed through ad hoc corporate decisions.

    It will be managed under a professional Reserve mandate by independent specialist management.

    That mandate will determine appropriate levels of physical precious metals, liquidity and other permitted Reserve assets.

    The objective is to combine the monetary strength of physical precious metals with prudent professional management rather than allowing the Reserve to become a passive pool of non-productive assets.

  11. 11

    What may the Monetary Reserve invest in?

    Permitted investments will be governed by the Reserve mandate and implemented by independent professional management.

    The Reserve is intended to remain fundamentally a precious-metals monetary reserve, but we do not believe that responsible management requires every asset simply to remain idle.

    Where appropriate, the manager may seek prudent income, diversification or additional precious-metal exposure, subject to clear investment limits, risk controls and the overriding duty to manage the Reserve for the legally enforceable beneficial ownership of GFC holders.

  12. 12

    Must the Reserve finance new Trees?

    No.

    The Reserve and new-project financing serve different purposes.

    The Reserve Manager's responsibility is to manage existing Reserve assets for GFC holders.

    A new mining opportunity may be considered by the Reserve only where the professional manager independently determines that it represents an appropriate investment.

    The Reserve is therefore not an automatic financing source for Golden Fig or for new Trees.

    This separation is important because it protects the Reserve from becoming captive capital for corporate expansion.

  13. 13

    Who governs and evaluates the Reserve Manager?

    Golden Fig will establish the governance framework, Reserve mandate, reporting requirements and performance criteria, and will appoint and review the independent professional manager.

    The manager will then make day-to-day investment decisions independently within that mandate.

    We intend the governance and reporting framework to be informed by the standards used by leading global asset-management institutions: clear mandates, measurable performance, independent custody, transparent reporting and defined accountability.

    The objective is not simply to appoint a manager, but to create an institutional governance structure around the Reserve.

  14. 14

    How are conflicts of interest controlled?

    Golden Fig establishes the governance framework, appoints and reviews appropriate professional service providers and administers the GFC system.

    Day-to-day professional management of the Monetary Reserve is intended to be conducted independently within a defined mandate and risk framework.

    Related-party transactions, connected-party transactions, valuation decisions and transactions involving Golden Fig or its shareholders, directors or connected parties should be subject to enhanced governance, disclosure and independent review requirements.

    THE COMPANY MAY OPERATE THE SYSTEM, BUT THE PROTECTED FOREST AND RESERVE MUST BE ADMINISTERED FOR GFC HOLDERS.

  15. 15

    What does the "discount" mean?

    The term should not be understood as a promise that holders can redeem GFC for discounted ounces of physical gold.

    The economic advantage arises earlier in the value chain.

    GFC seeks to provide capital to qualifying mining projects at a stage where the economic interest obtained may be significantly more attractive than buying the equivalent finished bullion later in the market.

    For example, based on our current assessment of ALPINE, the qualifying precious-metal economic interest obtained in return for the proposed financing may represent approximately three to four times the amount of capital provided.

    That is project-specific, not a guaranteed ratio for GFC generally.

    Each Tree will have its own technical, economic and risk profile, which should be disclosed transparently when that Tree is introduced.

  16. 16

    What if the market price of GFC does not immediately reflect its underlying economic foundation?

    GFC's economic foundation is broader than the physical gold already sitting in the Monetary Reserve.

    Value can exist at several stages:

    verified underground gold → project development → Resource and Reserve growth → production → physical precious metal → Monetary Reserve

    As a Tree progresses through these stages, its economic value may evolve materially.

    Our intention is to make that progression visible.

    Investors should be able to understand both the economics of each individual Tree and the aggregate value of the Forest.

    The link between the Reserve and GFC is not merely a reporting relationship. As value is created within the Trees and physical gold enters the Monetary Reserve, the economic foundation supporting GFC grows. Through regular and transparent reporting, we expect the market to recognise this stronger economic foundation and reflect it in the market value of GFC.

    The market determines the price of GFC; no increase in market value is guaranteed.

    However, GFC remains a market-priced currency.

    We do not intend to promise a fixed NAV, compulsory redemption, a guaranteed floor or artificial price support.

    Instead, the system is designed to build confidence through independent verification, transparent reporting, growing precious-metal exposure, liquidity and genuine use of GFC.

  17. 17

    Why hold GFC rather than physical gold, a gold ETF or mining shares?

    GFC is designed to represent a different economic model.

    Physical bullion generally provides exposure to gold after it has already been mined and refined.

    A gold ETF generally provides financial exposure to bullion or related instruments.

    Mining shares provide equity exposure to an individual company, including its corporate liabilities, management and capital structure.

    GFC is intended to be a usable digital currency whose protected economic foundation begins with qualifying precious-metal interests before physical gold reaches the vault and can continue through Resource and Reserve development, production and physical Reserve accumulation.

    GFC holders do not own Golden Fig shares, and GFC is not a promise of fixed bullion redemption.

    The market determines the price of GFC.

    This comparison is explanatory. It is not investment advice and does not claim that GFC is superior to physical gold, gold ETFs or mining shares.

  18. 18

    How will the initial GFC issuance price and launch supply be determined?

    The primary issuance price and initial issued supply will be established before launch against the qualifying economic foundation entering the GFC system and the relevant financing structure.

    The Initial Authorised Issuance Capacity of 1 billion GFC is a maximum authorised capacity, not circulating supply and not an entitlement to issue 1 billion GFC.

    Only GFC supported by qualifying financing and eligible independently verifiable precious-metal economic interests may be issued.

    Before launch, Golden Fig intends to disclose the relevant issued supply, circulating supply, qualifying foundation and applicable issuance methodology.

    The secondary market price will be determined by the market.

    NO NEW QUALIFYING FINANCING — NO NEW GFC ISSUANCE.

Two distinct economic pools — a fundamental principle

Golden Fig operates the GFC system. It does not beneficially own the protected Gold & Silver Forest or Monetary Reserve. These two economic pools are deliberately separate and should never be confused.

Golden Fig company economics

  • Corporate revenues
  • Disclosed fees and service income
  • Corporate expenses
  • Net corporate profit
  • Belongs to Golden Fig shareholders

After the company's expenses, liabilities and obligations:

Those corporate profits belong to Golden Fig shareholders.

GFC holder economics

  • Qualifying mining interests
  • Gold & Silver Forest
  • Physical precious metals
  • Monetary Reserve
  • Related protected economic value
  • Belongs beneficially to GFC holders under the legally enforceable holder structure

Protected Forest and Reserve economic value:

Belongs beneficially to GFC holders.

Golden Fig's economic value belongs to its shareholders.
The GFC Gold & Silver Forest and Monetary Reserve belong beneficially to GFC holders.

The company prospers by successfully operating and expanding the use of GFC.

GFC holders hold the protected beneficial interest in the qualifying mining interests, the Gold & Silver Forest and the Monetary Reserve.

These two economic pools are deliberately separate and should never be confused.