According to IBENA, at the keying ceremony of the Phoenix Network and on the White Letter published by this company, the gold-backed PEYMAN is released as the pioneering Token from the 22nd of June.
Also the Phoenix wallet is available to the Token buyers for the first time. To this date, Phoenix network users have announced several hosts to offer their wallets, indicating that the initial terms of the Token are ready, and this initial release will begin shortly, based on the announcement of the Phoenix CEO to IBENA. All conditions for the initial release is ready.
Vali-Allah Fatemi told IBENA, "PEYMAN was the first gold-backed Iranian Token to be launched from the 22nd of June, and in its executive decisions regarding the supply of this token, it is decided solely for the customers of the hosts in the first phase, untill the public release of PEYMAN."
Managing director of Phoenix, saying that all conditions for the initial release are provided, said: One of the most important discussions about the initial supply of PEYMAN as a gold-backed Token is the issue of gold supply; now all the necessary measures in the technical infrastructure and wallets for the first time release is completed and with the supply of gold, it will begin to be launched. According to the Central Bank directive, in order not to put pressure on the domestic gold market, and considering that gold imports were authorized, it is decided to buy and import the gold from abroad, which, given the necessity supply of 30 kilograms of gold by each host, more than 150 kilograms of gold are imported by five hosts, and are undergoing customs procedures, followed by a visit by the representatives of the hosts, so that the initial release of the first Iranian Token will come to the fore.
He added that the delay in the initial release of the PEYMAN token, which was scheduled to take place from the 22nd of July, was due to the challenges and complexity of the process of buying gold from abroad and importing it to Iran, because gold was the first commodity than has been banned for Iran. On the other hand, the customs and the representatives of the delegates’ procedures are timely, but in the end, in the coming days, the PEYMAN Token will be offered.
Fatemi emphasized: There are no restrictions on Token exchanges, and the owners can exchange token with each other and there is no restrictions on transactions. Phoenix is seeking to tokenize real estate and bank property surplus and pursue activities in other frozen assets in the economic cycle, which, based on the concern of experts, is aimed at preventing inflation by seeking to create a national added value in the country by supporting production and helping the country's economy.
It is worth mentioning that a token of PEYMAN on Phoenix platform, which is the result of the cooperation of Bank Melli, Mellat, Parsian, and Pasargad banks, is based on a 30 milligram, 24 gold carat (minimum standard 995) , with its liquidity guaranteed by all hosts under the White Letter, and is used to facilitate transactions with other tokens, such as certificates tokens or asset tokens in the network. This asset is recognized as the only option for collecting intra-network transaction fees.
