QGOLD V1 Sundown Statement and Archived Whitepaper

The withdrawal of peg maintenance, the twelve-month sundown period, the route to QGOLD V2, and the 2024 whitepaper as originally published

QGOLD V1 was issued in 2024 as a gold-pegged token on BNB Smart Chain. The issuer no longer maintains that peg. QGOLD V1 has entered a sundown period of twelve months, during which centralised exchange trading ends, on-chain trading continues in a single liquidity pool, and holders may exchange into QGOLD V2.

This document has two parts. Part I describes QGOLD V1 as it now stands and sets out the wind-down of the V1 deployment. Part II reproduces the QGOLD Whitepaper v1.3, published in 2024, without amendment, as the record of what was represented at the time of issuance. Part II does not describe the instrument as it is today and should be read only as a historical document. Where the two parts differ, Part I governs.

Issued by Quorium Global B.V., a company of the Quorium group · Version 1.0 · Effective [DATE] · quorium.io

Part I — Sundown Statement

1. Purpose and status of this document

QGOLD V1 was described in the QGOLD Whitepaper v1.3, published in 2024 by Quorium Global B.V. and reproduced in Part II of this document. That whitepaper described an instrument pegged to the price of a troy ounce of gold and used the term stablecoin throughout.

Two things have changed. The issuer no longer maintains the peg described in that document, and QGOLD V2 has been developed as a separate instrument on a different basis.

The 2024 whitepaper has not been amended and will not be amended. It is reproduced here in full, in its original wording, so that holders and counterparties can read the current position and the original representations in a single document rather than having to locate an archived file. Its inclusion is not a republication of its claims. Where Part I and Part II differ, Part I describes the instrument as it is; Part II describes it as it was.

2. Group structure

Quorium is a group of companies operating under a common brand and a single public presence at quorium.io.

The two are separate entities issuing separate instruments. The exchange route described in § 7 is a commercial arrangement between them and does not make either a successor to the other, nor QGOLD V2 a continuation of QGOLD V1.

[Additional group entities and their roles to be inserted, consistent with the corporate profile shown on quorium.io.]

3. What QGOLD V1 is

QGOLD V1 is a BEP-20 token deployed on BNB Smart Chain at contract address:

It was issued on the basis set out in Part II: a fixed supply, denominated so that one token corresponded to one troy ounce of gold, with the token's price intended to track the gold price.

The V1 contract will not be modified during the sundown period. Balances, supply, and transfer behaviour continue to function as they do today. Nothing in this statement changes the contract or any holder's balance.

4. Withdrawal of peg maintenance

The issuer does not maintain the price of QGOLD V1.

From [DATE], the market price of QGOLD V1 is set by supply and demand on the venues where it trades. The issuer operates no mechanism, and takes no action, to hold the price at, near, or in any relation to the gold price or to any other level.

This is a withdrawal of maintenance, not a change to the contract. Holders should not assume that the price of QGOLD V1 will continue to track the gold price, and should not treat any historical relationship between the two as an indication of future behaviour. The price may move in either direction, including to zero.

The reasons are structural. The V1 deployment was built on a model the group no longer operates: a price-tracking token supported by issuer intervention. QGOLD V2 is built on a different basis, described in § 8, in which no value is maintained by design. Maintaining a peg on V1 while operating V2 on the opposite principle would misrepresent both.

5. The sundown period

QGOLD V1 has entered a sundown period of twelve months, beginning [DATE] and ending [DATE].

The purpose of the period is to give holders time to exchange into QGOLD V2 or to exit, with an orderly and disclosed timetable rather than an abrupt discontinuation.

The issuer will publish material changes to this timetable on quorium.io.

6. Trading venues during the sundown period

Centralised exchanges

Trading in QGOLD V1 on XT.COM and Coinstore has been suspended. Both venues are expected to complete delisting within one month of the date of this statement.

Holders with balances on either exchange should withdraw to a self-custodied BNB Smart Chain wallet. Exchanges normally set a withdrawal cut-off after delisting, after which recovery of a balance depends on the exchange's own procedures and is outside the issuer's control. Holders should act on the dates published by the exchange concerned.

On-chain

Liquidity previously deployed on the centralised exchanges has been redeployed to a single automated market maker pool on BNB Smart Chain:

This is the only pool to which the issuer has provided liquidity. Other pools containing tokens named QGOLD exist on BNB Smart Chain; see § 9.

Liquidity in this pool is limited. It is sized against the quantity of QGOLD V1 in free circulation, not against total supply. Price impact on larger orders will be significant, and there is no assurance that any given quantity can be sold at or near the quoted price. Holders should check the quoted execution price and slippage before trading rather than relying on the headline pool price.

The issuer does not make a market in QGOLD V1, does not defend any price level, and does not undertake to maintain, replenish, or continue the pool.

7. Exchange into QGOLD V2

Holders of QGOLD V1 will be able to exchange into QGOLD V2.

The terms of that exchange, including the ratio, the mechanism, the eligibility conditions, and the opening and closing dates of the exchange window, will be published at the launch of QGOLD V2. They are not determined at the date of this statement, and this statement should not be read as stating or implying any particular ratio or treatment.

The twelve-month sundown period is set to give holders time to complete the exchange once those terms are published.

Holders do not need to take any action in relation to the exchange at this time, beyond holding QGOLD V1 in a self-custodied wallet rather than on an exchange that is delisting it.

8. QGOLD V1 and QGOLD V2 are different instruments

QGOLD V2 is not a renamed, upgraded, or redeployed QGOLD V1. The two are different instruments built on different principles, and the existence of an exchange route between them does not make them equivalent.

The market price of QGOLD V1 carries no information about QGOLD V2 and is not a reference for it. Price data, market capitalisation figures, and historical charts published in respect of QGOLD V1 relate to V1 only.

The issuer asks that data providers, exchanges, and analytics platforms list the two as separate assets and not merge, succeed, or map one to the other.

9. Contract address and unaffiliated tokens

A number of tokens using the QGOLD name, ticker, or logo circulate on BNB Smart Chain with no connection to Quorium, several of them in liquidity pools that display a price.

There is one QGOLD V1 contract:

Holders and prospective buyers should verify this address directly against quorium.io before importing a token into a wallet or trading in any pool. Names, tickers, logos, and pool listings can be created by anyone; the contract address cannot be forged.

The issuer has no relationship with, and accepts no responsibility for, any other token or pool.

10. Risk factors

The following are principal risks specific to holding QGOLD V1 during the sundown period. They are not exhaustive.

• No maintained price. The issuer maintains no peg and no price floor. The price is set by the market and may move in either direction, including to zero.
• No redemption right. Holders cannot claim delivery of gold or any commodity from the issuer.
• Limited liquidity. The on-chain pool is limited in depth relative to circulating supply. Exiting a position of any size may not be possible at or near the quoted price, or at all.
• Loss of exchange access. Following delisting, centralised exchange trading in QGOLD V1 will not be available. Holders who do not withdraw before the applicable cut-off may face difficulty recovering balances.
• Exchange terms not yet determined. The terms on which QGOLD V1 may be exchanged into QGOLD V2 are not set at the date of this statement. Holders should not assume any particular ratio, timing, or eligibility.
• QGOLD V2 launch risk. QGOLD V2 is in development. Its launch, timing, and final form are subject to change, including regulatory, technical, and commercial factors outside the issuer's control.
• Confusion with unaffiliated tokens. Tokens using the QGOLD name circulate with no connection to the issuer. Purchasers of such tokens have no rights against the issuer and no route into QGOLD V2.
• End of the sundown period. After the end of the period the issuer does not undertake to provide liquidity, support, or an exchange route.
• Historical statements. Part II of this document, and third-party descriptions derived from it, describe QGOLD V1 as a gold-pegged stablecoin. That description is superseded by Part I and should not be relied on.

If you hold QGOLD V1 and are unsure what this document means for your position, seek independent advice. The issuer cannot advise individual holders.

11. Disclaimer

This document is published by Quorium Global B.V. for information only. It is not an offer to sell or a solicitation of an offer to buy any token, security, or financial instrument in any jurisdiction, and it is not legal, financial, tax, or investment advice.

QGOLD V1 carries no redemption right and, from the date of this document, no maintained price. Its market price may move in either direction, including to zero. Holders should read the Risk Factors (§ 10) and consult their own advisers.

Part II reproduces the QGOLD Whitepaper v1.3 (2024) without amendment, as a historical record. It described QGOLD V1 as it was represented at the time of issuance and does not describe the instrument as it now stands. Its inclusion in this document is for the completeness of the record and is not a current representation by the issuer.

Regulatory frameworks for digital assets vary by jurisdiction and are subject to change. Forward-looking statements, including those relating to QGOLD V2, reflect current intentions and may change.

© 2026 Quorium Global B.V. QGOLD and Quorium are trademarks of the Quorium group.

12. Document control

Part II — QGOLD Whitepaper v1.3 (2024)

This whitepaper is published by Quorium Global B.V. We draw your attention to the "Important Considerations" section below: by reading this whitepaper you acknowledge, accept, and agree to its contents. The section contains vital information about the nature, purpose, and limitations of this document.

Introduction

Gold, once synonymous with money, holds immense historical significance and cultural relevance. Despite this, gold is no longer synonymous with money, and there exists a vast array of currencies, each associated with a sovereign political authority and used primarily within national borders. These national monetary systems were originally based on redeemability to fixed amounts of gold, either directly or through a peg to the U.S. dollar.

The introduction of representative paper money improved the economic functionality of gold by enabling it to be divided, stored, and transported more easily, thereby stimulating trade. However, it also introduced new problems related to trust in scarcity. With geophysical limits to the supply of physical gold, a dishonest issuer can print representative notes exceeding the gold supply they hold, creating new counterparty risks. Gold-representative paper is therefore an inherently lesser store of value than gold itself.

In light of this, Quorium seeks to offer a stablecoin that is pegged to troy ounces of gold. By backing our stablecoin with physical gold, we can offer a trustworthy and secure digital asset that retains the value and benefits of gold. Our stablecoin enables investors to own digitally allocated gold in small sums, which are highly transferable and come with comparably low fees. By providing a new form of digital ownership of gold, we aim to revolutionize the way investors think about gold as an investment asset.

This whitepaper outlines the principles behind Quorium and highlights the innovative and beneficial features of our stablecoin.

The transforming financial landscape

For contemporary finance professionals, the notion of fixed exchange rates for national currencies linked to the US dollar or gold is foreign. Since the 1970s, these rates have been allowed to float, which means they are decided in the global foreign exchange markets based on supply and demand, relative to other fiat currencies. This new system has had several major implications for global finance.

First, the global money supply is no longer tied in any way to the global gold supply. This has led to high levels of inflation within many domestic economies and, as a result, a sharp increase in gold prices. With these new fiat money supplies completely unlinked from gold, the scarcity of money is artificially ensured. Trust in the physical scarcity of gold and its existence within vaults has been replaced by trust in the economic stewardship of national monetary authorities.

Second, and relatedly, the emergence of global foreign exchange markets was observed. With rates no longer fixed, market mechanisms were necessary to determine the relative prices of foreign currencies. The fixed exchange rates under the gold-based system largely precluded speculation, whereas freely-floating rates transformed the foreign exchange markets into a global arena for speculative activity, wholly separate from the production of goods and services. According to the Bank of International Settlements, foreign exchange turnover has clearly increased more than the underlying economic activity since 1992, whether measured by GDP, equity turnover, or gross trade flows.

These and other problems related to physically unconstrained fiat monies are what has sustained the economic role of gold. Despite its reduced monetary function, gold remains a universally popular 'safe-haven' asset, and many central banks still hold it. Approximately 6.1 billion ounces of physical gold are above ground, of which about half are associated with financial markets, implying a market cap of around $4.7 trillion USD. With over $200 billion combined daily trading volume, gold markets are among the most liquid in the world. One of the key reasons gold remains in many investment portfolios is as a hedge against financial instability.

Fiat money & financial instability

The use of unbacked, fiat money since the post-Bretton Woods era has resulted in various currency-related financial crises globally, including the Latin American debt crisis in the 1980s, the 1997 Asian financial crisis, and other smaller-scale emergencies. The recent Global Financial Crisis has exposed the financial instability associated with debt-based fiat money and raised concerns about the economic stewardship of leading central banks.

Bitcoin & digital tokens

Bitcoin, introduced in 2009, was designed to address the problems and moral hazards associated with fiat money and the concentration of economic power in the hands of monetary authorities and major banks. Bitcoin's financial aspect is payments, but it also has a fully internal, decentrally secured monetary unit called bitcoins. The invention of digital scarcity, with a hard cap of 21 million bitcoins, is a significant monetary innovation, earning it the nickname "digital gold." Bitcoin's market value has seen significant fluctuations since its inception, with extreme volatility causing media coverage to soar in 2017. Some consider bitcoin money, while others do not due to its association with nefarious activities, lack of government backing, and volatile price.

The first bitcoin 'block' contained a reference to a British headline about the Global Financial Crisis, which is believed to indicate the motivation of the pseudonymous creator of Bitcoin, Satoshi Nakamoto. Bitcoins were first used to purchase a real-world item in 2010 when 10,000 bitcoins were used to pay for two pizzas in Jacksonville, Florida. Since then, Bitcoin's market value has experienced extreme volatility, regularly expanding and contracting by over 50%. Bitcoin's meteoric rise in value led to increased media coverage, causing politicians and financial regulators to take notice. The debate over whether Bitcoin is money or not continues, with proponents touting its superiority while detractors criticize its association with illicit activities and lack of government backing.

The question of what constitutes money was brought to the forefront by these debates. Despite the lack of consensus among dictionary definitions, one common method of conceptualizing the term is by examining its three main functions: being a 'medium-of-exchange', a 'store-of-value', and a 'unit-of-account'. Critics of bitcoin argued that its frequent price fluctuations rendered it unsuitable as a store-of-value and therefore ineligible to be considered as money. Additionally, the uncertainty of purchasing power associated with holding such a volatile asset would make it impractical for use as a medium-of-exchange.

Stablecoins

The emergence of stablecoins was a response to the volatility of bitcoin's price, which hindered its potential to enhance the transactional utility of money through functions like cheap and fast global transfers. Stablecoins aimed to combine the transactional utility of decentralized digital tokens with the price stability of fiat money by pegging the value of a digital token to a fiat monetary unit. These tokens are known as stablecoins.

Tether, created on October 6th, 2014, was one of the first stablecoins to address the market need for quick and global fund transfers with the stability of fiat money. Its outstanding value has exceeded $4 billion, with versions available on various blockchains and in different fiat denominations. Tether maintains price stability by valuing the token at the monetary unit to which it is pegged and holding reserves equivalent to all outstanding tethers. This policy generates arbitrage activity in secondary markets, ensuring prices remain close to their pegged fiat values.

As the global leader in fiat-backed stablecoins with the highest daily traded volume of any digital token, Tether's effective unbundling of monetary principles represents a new frontier in the evolution of money, especially in terms of transactional utility.

Quorium

Unlike other stablecoins that are pegged to fiat currencies, Quorium's QGOLD token is backed by gold. This provides a level of stability that is unmatched by other stablecoins, as gold has been a reliable store of value for centuries. By backing their token with gold, Quorium is able to offer the same benefits of other stablecoins, fast and cheap global transactions, while also providing the security and stability of a tangible asset. QGOLD's value is tied to the price of gold, which is a much less volatile asset than cryptocurrencies or fiat currencies. This makes QGOLD an ideal choice for those who want to transact in a stable digital asset without the risk of significant price fluctuations.

QGold: key metrics

• 01 · Starting supply84,000 QGold. Each token backed by one troy ounce of gold.
• 02 · Exploration scopeOne mining area. Exclusive mining rights secured. Verified ownership of valuable resources.
• 03 · Additional tokenizationPotential $4.7 billion of resources available for tokenization.
• 04 · Market standing4th largest stablecoin (after USDT, USDC, DAI). 15th largest currency by market capitalization.
• 05 · Gold-backed stabilityEnsuring value and security.

Target audience

Investing in physical gold. The London bullion market is the global standard for investment-grade physical gold, where trading takes place amongst members of the London Bullion Market Association (LBMA), and is loosely overseen by the Bank of England. The LBMA issues a Good Delivery specification, which lays down rules regarding the physical characteristics of the gold and silver bars used in settlement in the market. However, this market is typically accessible only indirectly through third parties, as most members are major international bullion dealers and refiners.

Exchange-traded gold products. Exchange-traded products, such as ETFs, ETNs, and CEFs, provide an alternative way for investors to gain exposure to the price of gold without the need for physical ownership. These products trade on major stock exchanges and are designed to track the price of physical gold or invest in companies that specialize in gold. Although they offer investors indirect exposure to gold prices, they save them from the burden of storage and verification of physical gold, and they allow small investors to put their capital to work more effectively.

Gold derivatives. Gold forwards, futures, and options are financial derivatives that provide investors with economic exposure to the fiat price changes of physical gold. These products trade on public exchanges worldwide, as well as in various OTC private markets. Gold futures are used by commercial producers and users of gold as hedging tools, facilitating both global gold price discovery and opportunities for portfolio diversification. However, derivatives require fine tuning and sophistication and are not a cost-effective way for typical investors to gain economic exposure to gold prices.

Quorium QGOLD stablecoin. Backed by physical gold, QGOLD is a stablecoin that offers a unique way to gain economic exposure to physical gold. Backed by physical gold bullion stored in highly secure locations or NI 43-101 geologically double-verified gold reserves, QGOLD allows investors to access the highly liquid market for physical gold without the costs of storage, transfer, and verification associated with physical ownership. By combining the benefits of physical gold ownership with the convenience of a stablecoin, QGOLD provides investors with a reliable and efficient way to invest in gold.

Use-cases

QGOLD, a gold-pegged stablecoin, offers even greater transactional utility by providing a highly mobile and liquid representation of physical gold.

Physical gold has long been considered a safe-haven asset, but its cumbersome nature has made it difficult and costly to transact and store. QGOLD removes these barriers by allowing seamless ownership and value transfer of the economic qualities associated with physical gold. QGOLD also democratizes access to physical gold as an asset class, providing smaller denominations at wholesale prices for a wider range of investors.

Moreover, QGOLD has the potential to become the first widely-traded sovereign-neutral monetary unit with a high degree of price stability. Combining the desirable qualities of gold and bitcoin, QGOLD provides a new and feasible monetary basis for global trade. While governments may no longer adhere to a gold standard, individuals can use QGOLD as a monetary unit to base their trades and investments.

Important considerations

Please read this section carefully. It contains important information about the nature, purpose, and limitations of this whitepaper as well as what you acknowledge, accept, and agree to should you choose to read this whitepaper.

This whitepaper has been prepared by and for the benefit of Quorium Global B.V., using the tradename Quorium, and any affiliate or related entity of Quorium, and any natural or legal person or entity associated with any of them (collectively, Quorium Associates).

This whitepaper is confidential and by accepting delivery of this document, you agree to keep confidential all information contained herein. This whitepaper is a marketing document and is not intended to be legally binding. It is also not a representation or warranty of any kind by any Quorium Associate including about any Quorium Associate, the Quorium tokens (QGold tokens or otherwise), or any services, products, or operations of any Quorium Associate. The information in this whitepaper does not constitute an encouragement, inducement, advice, or a recommendation by any person to purchase the QGold tokens or any other cryptographic token or currency, and neither Quorium nor any Quorium Associate has authorized any person to make any such encouragement, inducement, advice, or recommendation.

Nothing in this whitepaper shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction.

Any offer or sale of QGold tokens or any related instrument will occur only on Quorium's terms of sale and service, which are available (as at the date of this whitepaper) at quorium.io/legal (the Terms) and may be withdrawn or modified at any time.

Interested parties should, amongst other things, conduct their own investigations and analysis of Quorium and QGold tokens and seek further information and professional advice as to their use and value. In particular, persons contemplating purchasing QGold tokens should review the Terms, including the risk disclosure statement referenced in, and forming a part of, the Terms.

The Terms will apply to purchasers regardless of whether they purchase QGold tokens directly from Quorium or in a secondary market transaction.

The sale of QGold tokens is not directed at, and each purchaser of QGold tokens will be required to represent, among other things, that they are not: (a) a citizen, resident (tax or otherwise) of, a person located or domiciled in, or any entity organized in or owned by certain persons in (i) the United States, or (ii) Cuba, Democratic People's Republic of Korea (North Korea), the Government of Venezuela, Iran, Pakistan, Syria, or Crimea (a region of Ukraine annexed by the Russian Federation); (b) a person under the age of 18 years; and (c) any other persons who are "Prohibited Persons" as defined in the Terms (any such person falling under (a), (b), or (c), a Restricted Person).

You must make your own assessment as to your ability to purchase QGold tokens pursuant to laws applicable to you and to confirm that you are not a Restricted Person. No registration or other action has been or will be taken in any jurisdiction that would, or is intended to, permit the sale of QGold tokens in any country or jurisdiction where registration or other action for that purpose is required. None of Quorium or any Quorium Associate makes any representation or warranty to any potential purchaser.

Quorium Global B.V. has acquired all assets related to the Quorium brand and its activities from Qommodity QAAA B.V. Qommodity QAAA B.V. is no longer affiliated with or involved in any aspect of the Quorium brand.

End of archived document. For the current position on QGOLD V1, see Part I.