How Obsidian works

Obsidian lets you buy a note. The note names a quantity of gold or silver the company owes you. The company holds the metal. You do not.

Buy it in the app. Hold it. Notes already move to any Solana wallet, and that send is free. Our in-app send flow is coming soon. Redeeming for the metal is not available yet.

Every balance is a note: the company's obligation for a quantity of metal it holds with Alpine Gold Exchange. You can buy Goldbacks, US gold and silver coin notes, and gold and silver bar notes. You do not own Alpine's inventory.

For what one whole unit of each ticker means in metal weight, see the next question.

Each ticker has a whole-unit denomination matched to how that metal is used and priced. You can hold fractions on Solana. Unit price tracks the fraction, not a full ounce, unless the unit is one ounce.

• xGLDB · Goldbacks
  • What1 unit = 1 Goldback, about 1/1000 troy oz gold
  • WhyThe unit is one Goldback, a small quantity of gold the note names
• xGLDD · US Gold Coins
  • What1 unit = 1 Gold Dollar, about 1/50 of a 1 troy oz US gold coin (about 0.02 ozt)
  • WhyA full 1 oz coin prices in the thousands; the 1/50 unit keeps checkout approachable
  • Redeem50 whole units line up with one full 1 oz coin when physical redemption is available
• xSLVD · US Silver Coins
  • What1 unit = 1 US silver dollar coin
  • WhySame coin-line idea as gold: everyday purchase size, not a full bar
  • RedeemExact troy-oz fraction for redemption will be published with AGX once locked
• xGOLD / xSLVR · Bars
  • WhatWhen those notes ship, 1 whole unit = 1 troy oz gold or silver bullion
  • WhyBars are priced per troy ounce, so one whole unit is one troy ounce
  • RedeemFuture physical redemption targets a 1 oz bar

Checkout mints a digital note. Physical delivery is a later redemption step, not part of buy.

1. Buy a note in the app. It names a quantity of metal the company owes you.
2. Hold or send it. Notes are standard Solana tokens, so they already move to any wallet, and sends are free. Our in-app send flow is coming soon.
3. Redeem is not available yet. When it is, the note you already hold is still a claim for the same quantity. Buying and holding are available now.

The company holds the metal in an account at Alpine Gold Exchange (AGX). That metal is the company's. Your note is the company's obligation for the quantity it names. You do not own the vault line, and holding a note does not open an Alpine account for you.

Buying and holding costs a ~0.25% protocol fee.* There's no hidden markup, we'll always show you the actual price before you buy.

*Fees may vary slightly by asset. Always shown before you confirm.

Your balance is a claim on the company, not a vault balance in your name. The metal is company property, held with Alpine Gold Exchange, and the note is a liability of the company. Supply is public on Solana. The vault reading is the company's own read of its Alpine account. It is not an audit, and it is not insurance of your note.

Redemption is not available yet. When it is, you start it in the app and the note you hold is a claim for the quantity of metal it names. Nothing ships at checkout.

A cash-out path at market price is planned alongside redemption. It is not available in the app yet.

A wallet like Phantom reads a token's price from on-chain trading activity. These tokens are not trading on any exchange, so there is no trading price for the wallet to read and it falls back to $0.00. That is a missing market price, not a valuation of what you hold.

Your balance is priced against Alpine Gold Exchange's published metal rate. That figure, and the day's move, show in the Obsidian app rather than in your wallet.

No. Buying and holding never require anything beyond the Obsidian app itself. Your notes also move to any Solana wallet, and our in-app send flow is coming soon.

When redemption launches, you'll set delivery details at the moment you redeem. No need to do anything in advance today.

Reach out anytime at support@w3bs.fun. We're here to help.