# How PGOLD works

Pleasing Gold (PGOLD) is a token that not only provides you ownership of LBMA certified physical gold, but also unlocks new utility, mobility, and earning potential for one of the world’s most enduring assets.

### 1. Seamless Transfers

Physical gold is difficult to transport. PGOLD, by contrast, can be transferred globally with the ease of any digital asset—enabling frictionless, borderless mobility of value.

### 2. Precise Divisibility

Unlike traditional gold holdings, PGOLD can be transacted in minute units, down to 10⁻¹⁸ fine troy ounces, allowing for more precise portfolio allocation and institutional-grade flexibility.

### 3. 24/7 Global Access

Gold markets are constrained by trading hours and settlement systems. PGOLD is accessible 24/7 on-chain, offering continuous accessibility in a global context.

### 4. No Minimum Purchase

PGOLD can be purchased in any amount, giving both retail and institutional users direct exposure to physical gold, without capital barriers or complexity.

### 5. No custodian fees

There are no ongoing custodian fees. A one-time redemption fee applies only when physical gold is redeemed, and this is redistributed back to PGOLD stakers.

### 6. Easy Storage

Avoid traditional storage risks and expenses. PGOLD tokens can be held securely in your personal crypto wallet, just like any other digital asset.

### 7. Physical Redemption Guarantee

Each PGOLD token is backed 1:1 by LBMA certified gold reserves. Institutional and qualified holders can redeem tokens for physical gold in Hong Kong, with broader APAC logistics support forthcoming.

### 8. Instant Settlement

You no longer need to suffer from T+2 practice in TradFi. Instantly settle your PGOLD position to PUSD/USDT.