FAQ

Which assets are accepted to mint XAGm?

1. Purchase XAGm tokens using Stablecoins: You are able to purchase XAGm directly from Matrixdock with supported stablecoins such as USDC and USDT. Matrixdock will perform the procurement of physical bars and issue the tokens to your wallet. Minting procedure you can refer to: https://matrixdock.gitbook.io/matrixdock-docs/english/silver-token-xagm/minting-and-redeeming

Which assets can XAGm be redeemed into?

1. Redeeming into Stablecoins: You are able to redeem XAGm directly with Matrixdock into supported stablecoins such as USDC and USDT. Matrixdock will perform the sale of physical bars and transfer the stablecoins to your wallet. Redemption procedure you can refer to: https://matrixdock.gitbook.io/matrixdock-docs/english/silver-token-xagm/minting-and-redeeming

2. Redeeming into physical LBMA silver: Users will be required to transfer sufficient quantities of XAGm tokens to cover the silver bar in fine troy oz weight at the prevailing ozPerToken rate plus the redemption fee. Available bars to be redeemed will be provided upon request and subject to inventory availability.

What are the fees charged?

• Minting Fee

Currently, Minting Fee is waived for 1 year after launch (until March 2027).

• Redemption Fee

A fee of 0.50% will be charged for each redemption order. If a user wants to redeem an exact amount of XAGm that corresponds to a particular physical LBMA silver bar at the prevailing ozPerToken rate, additional XAGm tokens will be required in excess of the fine weight to cover for the redemption fees.

• Custody Fee

At launch, one token represents one fine troy ounce of physical silver. An annualized custody fee accrues and is reflected in a gradual decrease of the ozPerToken value, which reduces the amount of silver each token represents over time.

The custody fee rate may be subject to change based on market conditions, and any changes will be communicated to token holders through official channels with at least 30 days notice.

• No Transfer Fees

There are no additional fees charged by Matrixdock when XAGm tokens are transferred between wallets or traded on exchanges. Network gas fees would be applicable to the initiator of the transfer transaction.

What is the difference between obtaining XAGm from Minting vs. Secondary Markets?

1. Minting XAGm directly with Matrixdock supports unlimited order size at a confirmed price (once order is successfully placed and position locked) and settles within T+3 days. This involves creation of new XAGm tokens, backed by a corresponding new purchase of physical silver bars.

2. Secondary market buying of XGm provides instant settlement, with size and price subjected to prevailing liquidity conditions at the respective venues. This involves existing XAGm tokens backed by current physical gold bars.