# 4. Token Structure

## 4.1 Token Overview

The CHREMA ecosystem adopts a dual-token structure, with each token serving distinct roles:

| Token      | Type            | Key Features                                                                         |
| ---------- | --------------- | ------------------------------------------------------------------------------------ |
| **GOLDX**  | RWA Asset Token | Gold-referenced RWA token pegged to 0.1g per token, used for collateral and deposits |
| **CHREMA** | Utility Token   | Rewards for liquidity provision, transaction fee sharing, and DAO participation      |

## 4.2 Summary of Differentiating Features

<table><thead><tr><th width="218">Key Elements</th><th>CHREMA Ecosystem Features</th></tr></thead><tbody><tr><td>Real-World Revenue Basis</td><td>Mining revenues circulate back into the CHREMA ecosystem</td></tr><tr><td>On-Chain Transparency</td><td>Real-time tracking of GOLDX holdings and issuance</td></tr><tr><td>Decentralized Participation Structure</td><td>Direct participation in DAO voting and ecosystem governance via CHREMA</td></tr><tr><td>Support for Complex Liquidity Structures</td><td>Utilization of diverse liquidity strategies including AMM v2, v3, and more</td></tr></tbody></table>

## 4.3 Comparative Projects

The following projects, like CHREMA, tokenize gold-backed RWAs or physical assets on the blockchain and implement revenue-sharing DeFi models:

* **PAX Gold (PAXG):** 1:1 gold-backed token, listed on exchanges
* **Tether Gold (XAUT):** Gold-backed RWA, Ethereum-based
* **Cache Gold (CGT):** Real-time gold reserve verification
* **Ondo Finance:** Bond and revenue asset-based DeFi
* **Centrifuge:** Linking various RWAs to DeFi

**Comparison Table**

| Item                                           | **CHREMA**                           | PAXG                                  | XAUT                        | Ondo Finance           | Centrifuge                            |
| ---------------------------------------------- | ------------------------------------ | ------------------------------------- | --------------------------- | ---------------------- | ------------------------------------- |
| Real-World Asset (RWA) Backed by Physical Gold | ✅                                    | ✅                                     | ✅                           | ❌                      | ✅ (bonds, invoices, etc.)             |
| 1:1 Proof of Gold Backing                      | ✅ Real-time Data + Auditing          | ✅ Appraisal Institution Certification | ✅ Based on Internal Reports | ❌                      | ✅ Focused on Physical Proof           |
| DeFi Integration Structure                     | ✅ AMM+Staking                        | Partial (Limited DeFi integration)    | ❌Exchange-Centric           | ✅ Liquidity Bonds      | ✅ Linked with Platforms like MakerDAO |
| Physical Asset Revenue → On-chain Distribution | ✅ Gold Mining Revenue Model          | ❌                                     | ❌                           | ✅ Bond Interest Linked | ✅ Bond Recovery Mechanism             |
| DAO and Governance Framework                   | Planned Implementation (2026 onward) | ❌                                     | ❌                           | ✅                      | ✅                                     |
| Community Reward System                        | ✅ Based on CREMA                     | ❌                                     | ❌                           | ✅                      | ✅                                     |

## Differentiation Points

**CHREMA’s Unique Strengths**

* **Real-World Revenue-Based Reward Structure:** Beyond simple gold-backed tokens, CHREMA links mining revenues from actual gold mines directly to user rewards.
* **Deep DeFi Integration:** Incorporates complex liquidity mechanisms including AMM (v2, v3), staking, and reward programs.
* **Dual On-Chain and Physical Audits:** Simultaneous verification through third-party accounting firms and smart contract-based audits ensures transparency and trust.
* **Participant-Centric Design:** Seamless user journey from GOLDX staking to earning CHREMA rewards and active DAO participation.