GOLDGEN NFT Real World Asset · Digital Gold Mine Project
KR

Whitepaper v1.3 · November 21, 2025

GOLDGEN NFT – Real World Asset Digital Gold Mine Project

Issuer: Wavegen Co., Ltd. · Operator: GBiz Fintech Co., Ltd.

This document contains confidential information that has not yet been publicly disclosed. Any duplication and/or distribution of this whitepaper without the author’s explicit consent may result in civil and criminal liability.

Table of Contents

PART I. Project Overview & Business Structure

1. Preface

“In an era where AI and blockchain are reshaping the real economy, we seek to prove the trustworthiness of assets through technology, and to extend that value to the world.”

GOLDGEN NFT is not just another digital token. It is a real-economy assetization project based on a physical gold mine. Through blockchain, the traditional asset of gold is managed with full transparency, while AI maximizes the efficiency and stability of operations.

Our team is a technology company that has built trust and efficiency over many years with clients in the fields of financial technology and blockchain. With GOLDGEN, we aim to make the tokenization of real assets a practical reality.

2. Business Background

This project combines the stability of gold with the fractional ownership and transparency of NFTs, transforming an otherwise illiquid gold-mine asset into a digital asset accessible to anyone.

  • Stability of Gold: In an inflationary global environment, gold continues to be recognized as a key store of value.
  • Traditional Gold-Mine Investment Issues: High initial capital requirements, opaque information, and difficulty of access for non-specialists.
  • Advantages of NFTs: Fractional ownership, transparent transaction history, and smart-contract-based automated settlement.
  • The Combined Model: Converting a portion of the rights in a physical gold mine into utility NFTs on blockchain.

3. Project Overview

The GOLDGEN NFT project is a real-asset-linked NFT initiative based on Wavegen Co., Ltd.’s gold mine located in Gujeong Mining District No. 1, Suryun-myeon, Seongju-gun, Gyeongsangbuk-do, Republic of Korea. :contentReference[oaicite:1]{index=1}

At the core of the project lies a clear value linkage formula: “1 NFT = 1 gram of gold”.

Each GOLDGEN NFT represents the same unit value as 1 gram of physical gold. NFT purchasers may, after a specified period, request redemption into physical gold.

In a digital asset market where many tokens lack tangible backing, GOLDGEN offers a clear, redeemable physical value. The NFT functions not merely as data but as a “digitally verifiable certificate of value” directly linked to real gold.

Core Objectives

  • Issue NFTs pegged to 1 gram of physical gold per token.
  • Raise capital for gold-mine development, operations, and system infrastructure.
  • Build an AI-driven system for exchange, rewards, transactions, and traceability across mining and distribution.
  • Open a new market for real-asset NFTs targeting both domestic and global investors.

4. Basic Structure of GOLDGEN NFT

Underlying Asset Registered gold-mining right of Gujeong Mining District No. 1 in Suryun-myeon, Seongju-gun, Gyeongsangbuk-do, held by Wavegen Co., Ltd.
NFT Type Real-asset-linked utility NFT whose value is pegged to gold.
Issuer Wavegen Co., Ltd.
Operator GBiz Fintech Co., Ltd.
Pricing Issuance and sale linked to current gold prices with a project-specific discount applied for early participants.
Issuance Volume 1,000,000 NFTs in total, corresponding to approximately 11.64 tons of extractable gold (with a portion released into the market).
Airdrop Rewards Annual reward of 0.3g of gold-equivalent per NFT for up to 5 years, distributed as tokens based on snapshot balances.
Redemption Start Gold redemption and full utility activation from the designated exchange start date (2 years after initial issuance).
Utility Physical gold redemption rights, reward rights, and participation in AI-driven services and broader ecosystem activities.

5. Reality of the Gold Asset & Legal Rights

Wavegen Co., Ltd. is the official holder of the mining right for “Gujeong Mining District No. 1” as recorded in the Korean Mining Register under the Ministry of Trade, Industry and Energy. Wavegen has lawfully acquired and transferred a portion of this right as the foundation for the GOLDGEN NFT issuance. :contentReference[oaicite:2]{index=2}

Historical drilling has demonstrated high gold grades in this district, and a recent quantitative evaluation by Halla Engineering Co., Ltd. reconfirmed the economic viability of the deposit.

Key Data of the Mine

  • Location: Gujeong Mining District No. 1, Suryun-myeon, Seongju-gun, Gyeongsangbuk-do, Korea
  • Mining Right Registration No.: 101042
  • Resources: Gold and Silver
  • Area: Approx. 278 ha (about 840,950 pyeong)
  • Validity Period: 2024.06.26 – 2044.06.25 (20 years)
  • Registered Right Holders: Joon-Yeol Lee & Wavegen Co., Ltd.
  • Approved Mining Plan No.: 1741 (Gyeongsangbuk-do, approved April 14, 2025)
  • Applied Grade for Evaluation: 14 g/ton (70% of 20 g/ton based on conservative adjustment)
  • Extractable Quantity: Approx. 11.64 tons (70% of estimated 16.63 tons)

Wavegen has transferred 10% of the mining right to serve as the underlying asset for the NFT issuance, thereby guaranteeing substantial real-asset value to back GOLDGEN NFTs.

(Attached: Mining Register – Gujeong No.1, Approved Mining Plan, Mining-right Transfer Agreement, etc.)

6. Team & Partner Roles

Wavegen Co., Ltd. – Issuer

  • Holds the mining rights to Gujeong Mining District No.1.
  • Transfers 10% of the mining right for NFT issuance.
  • Responsible for mine development and on-ground operations.

GBiz Fintech Co., Ltd. – Operator & PM

  • Design and issuance of GOLDGEN NFTs.
  • Development and maintenance of smart contracts and blockchain infrastructure.
  • Legal coordination and regulatory response framework.
  • Marketing, sales, settlement, and customer support.
  • Design and operation of investor-protection mechanisms and AI-based automated reward systems.

This is not a simple development outsourcing model. GBiz Fintech assumes responsibility for both technology and operations, ensuring transparent and secure end-to-end project execution.

7. Design Philosophy & Investor Protection

GOLDGEN NFT has been designed with a clear vision: “a digital gold asset that shares value with holders from the moment it is acquired.”

Core Design Principles

  • Real-Value Centric: Every NFT is linked to physical gold.
  • Transparency: All transactions, rewards, and redemptions are recorded on blockchain.
  • Participatory Rewards: Beyond financial returns, holders can enjoy experiences such as on-site mine visits and VIP events.
  • Stability First: Gold mass-based redemption minimizes exposure to market volatility.

Investor Protection Framework

  • 100% of sale proceeds are processed and traceable within dedicated blockchain-based accounts.
  • All physical gold redemptions are verified through certified refiners.
  • Reward distribution is automated via smart contracts.
  • NFTs are structured as utility tokens, not securities, and are thus designed to fall outside the scope of capital markets regulations.
PART II. Assets · Technology · Market · Economics

8. Real Asset & Valuation – Gold Reserve Data

The underlying asset of this project is gold, one of the most recognized alternative monetary assets at a national and global level. Therefore, the economic value of the gold mine essentially forms the fundamental value of the NFT.

According to the reserve evaluation report by Halla Engineering Co., Ltd., Gujeong Mining District No.1 contains a high-grade gold-bearing ore body rarely found in Korea. :contentReference[oaicite:3]{index=3}

(Attached: location map, historical production records, vein schematic, gallery cross-sections, photos, sample assay results, target zones, economic valuation charts, etc.)

Summary of Key Evaluation Results

  • Average gold grade: approx. 14 g/ton (conservative basis).
  • Extractable gold: approx. 11.64 tons (70% of estimated 16.63 tons).
  • Estimated gold value: approx. KRW 1.746 trillion (based on reference price at time of evaluation).

This mine shows a gold grade more than three times higher than that of a typical domestic gold deposit, placing it within the top decile globally in terms of asset quality.

9. Gold Price & Global Market Analysis

(1) Global Gold Price Trend

Gold has historically served as a long-standing “standard of value.” Since 2020, amid inflation and geopolitical uncertainty, global gold trading volumes have steadily increased.

  • 2020: Avg. ~1,770 USD/oz
  • 2022: Avg. ~1,800 USD/oz
  • 2024: Avg. ~2,050 USD/oz
  • 2025 (as of Oct.): ~2,130 USD/oz (approx. KRW 150,000 per gram)

This backdrop creates a favorable environment for the growth of digital gold-based RWA NFTs.

(2) Domestic Gold Demand Trends

In Korea, investment in physical gold amounts to about 1.8% of GDP—approximately double the global average of 0.9%. However, most of this demand has traditionally been limited to physical gold bars and jewelry.

The introduction of redeemable, blockchain-based gold NFTs such as GOLDGEN offers a new digital channel for gold investment.

(3) Innovation: NFT-Based Gold Investment

GOLDGEN NFT enables investors to enjoy rights equivalent to holding real gold without physically storing or transporting it. After two years, holders may redeem their NFTs for physical gold, or continue holding to receive rewards and participate in ecosystem benefits.

Investors can thus own the “true economic value” of gold in digital form while avoiding storage, logistics, forgery, and price-spread risks inherent in physical trading.

10. NFT Issuance Structure & Terms

GOLDGEN NFT is a real-asset-linked utility NFT and may be categorized as an RWA (Real World Asset) token. Each NFT corresponds to 1 gram of gold, with this relationship immutably recorded in the smart contract.

(1) Basic Issuance Information

  • Token Name: GOLDGEN
  • Symbol: GDG
  • Standard: ERC-721
  • Blockchain: Polygon
  • Total Supply: 1,000,000 NFTs
  • Circulating Supply: 170,000 NFTs
  • Issuance Date: November 21, 2025
  • Official Website: https://www.goldgen.pro

NFT metadata includes: gold redemption rights, benefit details, validity periods, and off-chain verification URLs. Ownership is verified via off-chain APIs querying on-chain NFT balances when delivering benefits.

(2) Key Issuance Conditions

Reference Gold Price Current prevailing market price at the time of sale.
NFT Issue Price Issued at a project-specific discount to the market gold price per gram.
Redemption Start Date 24 months after the initial sale (exact date to be announced).
Airdrop Rewards Per NFT, 0.3 grams of gold-equivalent token per year, for up to 5 years, allocated based on annual snapshots.
Issuance Type Utility-type RWA NFT; designed to fall outside securities regulations.

(3) Utility NFT Structure

GOLDGEN NFTs provide holders with value-exchange rights rather than profit-sharing rights. Accordingly, they are structured not to constitute “securities” under the Korean Capital Markets Act but as service/usage rights.

Only NFT holders may exercise gold redemption, reward claims, and community participation rights.

11. AI-Based Automation & Blockchain Architecture

GOLDGEN’s technical architecture is built on the principle: “AI operates, and blockchain verifies.” Wherever possible, human intervention is minimized, and smart contracts plus AI agents handle rewards, settlement, transactions, and redemption flows.

(1) Core Components

Blockchain Layer On-chain records of ownership, transfers, redemptions, and reward distributions.
AI Automation Engine Computes annual reward allocations, validates redemption requests, and monitors anomalies in transaction patterns.
Pricing & Data Layer Integrates real-time gold prices and market data into the settlement and redemption logic.
Investor Interface Dashboards, portfolio views, historical records, and reporting accessible via web/mobile.
Security Module Multi-signature controls, access management, and fraud-detection algorithms.

(2) Automatic Reward Example

At each year-end (e.g., December 31), AI generates a snapshot of all wallet addresses holding GOLDGEN NFTs. Based on the number of NFTs held, 0.3g gold-equivalent reward tokens are automatically distributed to each address.

All distributions are recorded on-chain, so the legitimacy of reward payments is technically verifiable.

12. Marketing Strategy & Market Positioning

(1) Domestic Strategy

  • Collaboration with major blockchain and NFT communities and platforms.
  • Partnerships with gold-related enterprises and refiners.
  • VIP membership programs and exclusive benefits for NFT holders.

(2) Overseas Strategy

  • Entry into mature gold-investment markets such as Japan, Singapore, and Dubai.
  • Linkages with global exchanges and NFT marketplaces.
  • Implementation of robust KYC and AML frameworks.

(3) Brand Message

“Real Gold Meets Digital Trust.”
GOLDGEN positions itself not just as a financial product, but as a platform for trading trust backed by real gold.

13. Global RWA (Real World Asset) Market Outlook

As of 2025, the global tokenized real-asset market is estimated at around USD 300 billion and is projected to grow to USD 10 trillion by 2030, according to multiple industry reports (PwC, BCG, World Tokenization Report 2025). :contentReference[oaicite:4]{index=4}

Growth drivers include stronger demand for liquidity and fractional access to real assets, broader adoption of blockchain by traditional financial institutions, and clearer regulatory frameworks improving legal certainty.

GOLDGEN aims to become one of the first gold-mine-backed NFT projects in Asia and a flagship model in Korea’s RWA industry—uniquely combining blockchain technology, real gold assets, and compliant legal structuring.

PART III. Legal · Operations · Vision

14. Legal Basis & Permit Status

The GOLDGEN NFT project has been structured after thorough legal review under relevant Korean laws, including the Mining Act, the Capital Markets Act, the Electronic Financial Transactions Act, and the Act on Reporting and Using Specified Financial Transaction Information (“AML/CTF Act”).

(1) Mining Rights & Permits

Wavegen is a duly registered holder of the mining right under the national Mining Register system and has lawfully acquired the portion of rights necessary for NFT issuance.

  • Mining Right No.: 101042
  • Resources: Gold & Silver
  • Area: Approx. 278 ha
  • Validity: 2024.06.26 – 2044.06.25
  • Administrative Approvals:
    • Approved Mining Plan (No. 1741, Gyeongsangbuk-do)
    • Temporary Forest Land Use Permission
    • Environmental Compliance Certifications

(2) NFT Issuance Legal Review

Legal counsel (e.g., Basis Law Firm) has reviewed the structure to ensure that GOLDGEN NFTs are categorized as utility tokens, not as securities or financial investment products under the Capital Markets Act.

Token Type Real-asset-linked utility NFT
Revenue Structure No profit sharing or dividend rights; value-exchange and redemption rights only.
Applicable Laws Designed to fall outside capital markets regulations; compliant with electronic payment and AML/CTF obligations as applicable.

(Attached: Legal Opinion on GOLDGEN Structure – GBiz Fintech)

15. Funding Structure & Transparency Management

All financial flows associated with GOLDGEN NFTs are to be recorded and traceable through blockchain-based systems, enhancing investor confidence and minimizing the risk of misuse of funds.

(1) Use of Proceeds

Gold Mine Development Equipment, workforce, and refining facilities.
Platform & AI Infrastructure Development of NFT issuance, dashboard, and automated systems.
Operations Legal, compliance, management, and maintenance.
Marketing Domestic and global sales activities and community programs.
Reserves & Contingency Rewards, events, and risk buffers.

(2) Execution & Monitoring

  • All NFT sale proceeds are deposited to dedicated project wallets.
  • Spending is tracked per contract and per purpose.
  • Reward distributions are executed via smart contracts.
  • External auditors conduct annual financial reviews.

Wavegen plans to provide a “GOLDGEN Dashboard” offering real-time visibility into NFT sales, gold price movements, reward distributions, and development progress.

16. Risk Factors & Mitigation Strategies

While GOLDGEN is structured around a relatively stable real asset, several risk factors remain. The project has established strategies to manage and mitigate them.

Market Volatility Gold price fluctuations may affect perceived value. Mitigation includes reference-price adjustments and mass-based redemption guarantees.
Operational Risk System failures or cyber incidents could disrupt operations. Multi-signature controls, AI-based anomaly monitoring, and external security reviews are applied.
Regulatory Risk Changes in laws or new regulations may impact operations. The structure is kept conservative, with ongoing legal consultation to adapt as needed.
Development Delays Weather, logistics, or manpower issues could delay mining schedules. Contingency reserves and flexible milestones help offset this risk.
Liquidity Risk Limited secondary-market liquidity could affect tradability. The project aims to list on domestic and global exchanges and NFT markets to enhance liquidity.

Planned mitigation measures include 24/7 AI monitoring, annual operational reporting, and mechanisms to adjust reward parameters in the event of significant delays.

17. Conclusion & Vision Statement

“Gold is unchanging value, blockchain is immutable record, and AI is unceasing operation.”

GOLDGEN NFT is the convergence of these three principles. Though it begins with a single gold mine in Korea, the project aspires to grow into a benchmark case of real-asset tokenization (RWA) recognized worldwide.

Vision Statements

  • Real Gold Meets Digital Trust – Real gold meets digital trust.
  • From Korea to the World – Starting in Korea, expanding into the global RWA market.
  • AI-Driven Sustainability – Building a sustainable digital-asset ecosystem run by AI.

Wavegen, together with GBiz Fintech, aims to pioneer a financial innovation model connecting RWA × AI × Blockchain within a trust-based framework.

18. Disclaimers & Legal Notices

This whitepaper has been prepared for the purpose of describing the business plan and vision of the GOLDGEN project. Nothing in this document should be construed as a guarantee that specific plans will be executed exactly as described, nor as a promise of future performance.

The content of this document may be modified, supplemented, or deleted without prior notice to third parties as a result of reasonable management decisions, changes in market conditions, or regulatory developments. The actual execution of the project may differ substantially from the descriptions herein.

The NFTs described in this whitepaper do not represent any equity, shares, bonds, securities, beneficiary interests, or any other form of ownership or governance rights in Wavegen, GBiz Fintech, or any related entity. NFT holders are not entitled to dividends, voting rights, or claims on profits arising from the platform’s business.

This document does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction. GOLDGEN NFTs are offered as utility tokens under exemptions from registration and disclosure requirements where applicable.

Potential purchasers should not rely solely on the information contained in this whitepaper. Each reader is strongly encouraged to conduct independent due diligence and seek professional advice before making any investment decision.

Unauthorized copying or distribution of this whitepaper is prohibited.

Legal & Regulatory Compliance

Wavegen is a corporation registered in the Republic of Korea and will comply with applicable Korean laws and regulations related to virtual assets, financial services, and AML/CTF obligations. The project will cooperate with relevant regulatory authorities as required.

19. Certificate of Issuance

This whitepaper is officially issued by GBiz Fintech Co., Ltd. and certifies that the “GOLDGEN NFT Project,” based on the gold mine at Gujeong Mining District No.1 in Suryun-myeon, Seongju-gun, Gyeongsangbuk-do, is an official investor-oriented project document.

Date of Issue: November 21, 2025
Issued by: GBiz Fintech Co., Ltd.
CEO: Chul Soon Kang

20. Appendices

The following documents are referenced by this whitepaper and may be provided to qualified investors upon request under separate confidentiality terms:

Thank you for your interest in GOLDGEN NFT – Real World Asset Digital Gold Mine Project.