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How Sika Gold digital gold tokens work
Sika Gold is a digital gold token. Each token represents 1/16 of a gram of fine gold with a minimum purity of 96%, so a balance is described in physical gold rather than in a national currency. Because the unit is tied to a weight of metal, the value of a holding follows the gold price, and the number of tokens does not change when a currency does.
Opening an account
A Sika Gold account is opened through this portal. The applicant completes a single application covering identity, contact details and occupation, and attaches three JPEG images: a recent photograph, an identity document, and proof of residential address. Every field is mandatory, and the contact email becomes the user ID for the account. On submission the application receives a reference number and is reviewed by the account-opening team. Opening an account and issuing a card both require approval.
Redeeming into a card
Once approved, a holder can redeem tokens into a King-Nel Global Mastercard. The card turns the gold balance into spending power wherever Mastercard is accepted, including shops, online merchants and participating ATMs. Card activation, gold custody, convenience and nominal membership fees apply based on the token type selected, and funding procedures, limits and geographic restrictions apply to every account.
Who operates the programme
The programme behind the account is operated by Vanguard International Systems and Logica LTD, both Florida corporations. They maintain token issuance, the card programme and the verification process applied to every applicant. Documents and sensitive identifiers are submitted only through the secure application channel on this portal.
What to keep in mind
Gold prices fluctuate, so the value of a token balance can fall as well as rise. Approval is not guaranteed, and no token is issued before an application has been reviewed and accepted. Fees, redemption limits and geographic restrictions are confirmed with the client as part of account opening.
Common questions
What exactly is one Sika Gold token worth?
The unit of account
One Sika Gold token represents 1/16 of a gram of fine gold with a minimum purity of 96%. A balance is therefore described in physical gold rather than in a currency, and its value moves with the gold price.
Which documents do I need to apply?
Three JPEG images
The application requires a recent photograph, an identity document, and proof of residential address, each supplied as a JPEG image. All fields on the application are mandatory.
How long does approval take?
Reviewed individually
Every application is reviewed individually by the account-opening team. You receive a reference number on submission, and the team confirms the outcome of the review directly with you.
Is my email address used as a login?
Email becomes your user ID
Yes. The contact email you enter on the application becomes the user ID for your Sika Gold account, which is why the form asks you to confirm it before submitting.
How do I spend my gold?
Redeem into a Global Mastercard
Tokens are redeemed into a King-Nel Global Mastercard. The card can then be used wherever Mastercard is accepted, including shops, online merchants and participating ATMs.
What fees apply?
Fees depend on token type
Card activation, gold custody, convenience and nominal membership fees apply based on the token type selected. Funding procedures, limits and geographic restrictions also apply to each account.
Can the value of my tokens go down?
Gold prices fluctuate
Yes. Tokens are tied to the gold price, which fluctuates, so the value of a balance can fall as well as rise. Holding gold is not a guaranteed return.
Who operates the Sika Gold programme?
Two Florida corporations
The programme is powered by Vanguard International Systems and Logica LTD, both Florida corporations. They maintain token issuance, the card programme, and client verification.