Krysos assetsEN
Three assets carry the Krysos name: the token of Midas Chain, a US dollar stablecoin and a gold token. Krysos issues MIDS. USDMD and XAUMD are to be issued by a special purpose subsidiary of Krysos, separate from the issuer of MIDS, which has not been constituted yet. None of them is on a mainnet today, and each card says exactly what exists.
Midas Chain token
MIDS is the native token of Midas Chain, in which the chain's transaction fees are charged. Total issuance is capped at 20,000,000,000 MIDS; none has been minted, and it is not listed or tradable.
US dollar stablecoin
USDMD aims to be redeemable for one US dollar of value. It is backed by gold whose price exposure is offset by an equal short gold position, and its token contract has no freeze function.
On testnet the reserve is MockXAU, which is not gold, and test USDMD has no value.
Gold token
XAUMD is planned as a token in which each unit represents a fixed weight of allocated physical gold. Unlike USDMD, its value is meant to follow the price of gold, not the dollar.
Not available yet. It is not deployed on any network and cannot be bought, minted or redeemed.
MockXAU, the testnet stand-in that carries USDMD's test reserve, is not an asset: it is backed by nothing and has no value. Tokens issued by other parties, including platforms that use these assets, are not listed here.
Nothing on these pages is an offer, a solicitation or a recommendation to buy, sell or hold any asset, in any jurisdiction. No MIDS has been minted, test USDMD has no value, and XAUMD does not exist yet.
