> For the complete documentation index, see [llms.txt](https://goldzip-1.gitbook.io/goldzip/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://goldzip-1.gitbook.io/goldzip/goldzip-xgz/what-is-usdxgz/specifications.md).

# Specifications

* **Exchange Rate:** 1 XGZ = 1 gram of 99.99% fine gold
* **GoldZip Eligible Bars:** Gold bars are assayed before deposit into the HKGX - recognised depositories. Minimum 1 kilogram 999.9 parts per thousand fine gold
* **Minimum Transaction Size:** 0.00000001 XGZ
* **Transaction Fee:** 0.01% of transaction amount ( paid by sender only )
* **Physical Redemption:** 1,000 XGZ per GoldZip Eligible Bar. GoldZip token (XGZ) is relatively new in some jurisdictions ; interested parties should seek professional and independent advice. XGZ is not available to Hong Kong residents
* **Blockchain:** Ethereum

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