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What Is GoldPesa Option (GPO)? The GoldPesa Option Token (GPO) is an exotic call option with a moving strike price. Each GPO token represents an option to purchase 1 newly minted GPX token at spot gold price + 1%. What Is GoldPesa (GPX)? The GPX token has been designed to act as a hybrid token, initially minted and sold at spot gold price + 1%. Hybrid tokens are generally pegged to other assets or currencies. They are collateralised and float in price with an expected premium, due to the earnings aspect of the GPX token. 1 GPX is backed by 1 gram of physical gold. How Can A Gold-Backed Token Trade At A Premium? GoldPesa invests 50% of all fees in a brokerage account managed by the PAWN, a proprietary and highly intelligent trading algorithm. Profits generated by the PAWN are used to buy back and then burn GPX tokens from the market, which rewards token holders by creating demand and reducing supply at the same time. This model effectively creates earnings on an asset class (gold) that generally does not have any earnings. Based on traditional finance, by creating earnings, we can expect the market to trade GPX at some multiple of the earnings and therefore will result in GPX being traded at a premium depending on the performance of the Pawn, our proprietary and highly intelligent trading algorithm. It's important to note that GPX token holder's gold remains unencumbered at all times as we risk our own fees/capital for the benefit of token holders, resulting in tokens which have the characteristics of a DeFi gold-backed structured product. As GPX begins to trade at a premium, the intrinsic value of the GoldPesa Option token (GPO) will also increase naturally as it is correlated to the premium of GPX. GPX Token Minting GoldPesa Option (GPO) holders have the ability to exercise their option and purchase newly minted GPX tokens at spot gold price + 1%. GPX Secondary Market Once minted, GPX tokens will be available on a number of decentralised and centralised exchanges where investors can purchase it in the secondary market at an expected premium depending on the performance of the PAWN, our proprietary intelligent trading algorithm. How many GPO tokens are there in circulation? GPO launched on Oct 12, 2021 with a hard cap of 100 million GPO tokens created at genesis. GPO also has a wallet hard cap of 100,000 GPO per wallet. New Description: The GoldPesa Option Token (GPO) is an exotic call option with a moving strike price. Each GPO token represents an option to purchase 1 newly minted GPX token at spot gold price + 1%. The GoldPesa token (GPX) has been designed to act as a hybrid token, initially minted and sold at spot gold price + 1%. Hybrid tokens are generally pegged to other assets or currencies. They are collateralised and float in price with an expected premium, due to the earnings aspect of the GPX token. 1 GPX is backed by 1 gram of physical gold.