Phoenix Gold Network
  • Introduction
  • PGN Foundations
    • Decentralized Gold Custody
    • Smart Contract Infrastructure
    • Phoenix Gold Coin
  • Decentralized Custody
    • Layer 1
    • Layer 2
    • Layer 3
    • Security Measures
  • Phoenix Cyphers
    • Cyphers as NFTs
    • Multifaceted Utility of Cyphers
    • Staking and Rewards
    • Redemption for Physical Gold
    • Spending and Burning
    • Secondary Market
    • Cypher Security and Wallet Integration
  • Nodes and Custodians
    • Custodians
    • Nodes
    • Incentives and Governance
    • Become a Custodian
  • Cypher to Gold Process
    • Redemption Workflow
    • Discovering Gold Shops
    • Redemption Via Smart Contract
    • Receipts and Blockchain Records
  • PGN Liquidity Services
    • Instant Cypher Sale
    • Liquidity Pool Management
  • Facilitating Gold Commerce
    • Pay with Gold
    • Accept Payment in Gold
  • Phoenix Gold Coin (PGC)
    • Governance and DAO Participation
    • Priority Access
    • Priced in PGC
  • PGC Distribution Model
    • Tokenomics
    • Cypher Melting
    • PGC Virtual Mining
  • Technical Infrastructure
    • Blockchain and Smart Contracts
    • Security and Scalability Features
    • Integration with Polygon
    • The Phoenix Web3 App
    • User Interface and Experience
  • Community Governance
    • The DAO Structure
    • Voting Mechanisms
    • Transparency and Accountability
  • FAQs
    • What is the Phoenix Gold Network (PGN)?
    • How do I buy Cyphers?
    • Can I redeem my Cyphers for physical gold?
    • How does PGN ensure the security of my gold?
  • Getting Started
  • Glossary
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  1. Phoenix Cyphers

Redemption for Physical Gold

A pivotal feature of Cyphers is their redeemability for physical gold. Holders can exchange their Cyphers at any participating gold shop or custodian within the network, making the transition from digital to physical assets seamless. This redemption process is underpinned by smart contracts, ensuring it is secure, transparent, and efficient. The ability to redeem Cyphers for physical gold underscores the tangible value behind each token, bridging the gap between traditional and digital gold ownership.

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Last updated 1 year ago