Gold ownership,
made more useful.
Phoenix Cyphers are designed to represent claims on physical gold held within the network. Gold purchases, admission and redemption are being prepared for the Panda Chain launch.
Your gold.
Your questions.
Is a Cypher the same as PGC?
No. A Cypher is a claim on a specified quantity and quality of gold. PGC is the network token used for governance, custodian staking and incentives. Owning PGC does not itself create a claim to gold.
Can I redeem a Cypher for physical gold?
Physical redemption is part of the planned Cypher service. A holder requests delivery through a participating node, under the published rules for location, denomination, charges and delivery time.
Does a gold claim earn a guaranteed return?
No. The model includes potential allocations from network fees and PGC rewards. Amounts depend on activity and the applicable programme. Future leasing would be separately consented; gold and token values can fall.