Kinka (XNK)

1. Project Introduction

Kinka Gold is issued by a subsidiary of Daiichi Commodities (Code: 8746), a company listed on the Tokyo Stock Exchange, with over 40 years of experience in gold trading. The $XNK is subject to strict third-party audits in accordance with Japanese law.
All of the gold bullion that backs $XNK is the world's highest quality gold bullion with a purity of 99.99% or higher and meets the LBMA Good Delivery standards. Many of these gold bullions are designated as physically settled stocks in the gold futures market of the Osaka Exchange, which is managed by the Financial Services Agency of Japan.
$XNK is 100% backed by 1 troy ounce of gold bullion, and gold bullion owned by $XNK holders is legally protected from bankruptcy of the issuer. In addition, the gold bullion is safely stored in a warehouse with high security equipment.
As Daiichi Commodities adds more gold to its vault, more $XNK tokens will be minted for use across DeFi, Web3, and the crypto space.

2. Coin Info