DJYTL 
What KDARG is
KDARG is the coin that pays network fees on DJYTL Chain. Every transfer, swap and trade on the network uses a small amount of it.
1 KDARG = 1 gram of fine gold. Every KDARG we sell to you will be matched by one gram of gold that we buy and hold for that purpose.
How it is priced
The buy price is what it costs us to buy one gram of gold at that moment, plus 3%. The 3% is our margin.
When selling back opens, you will receive what that gram of gold sells for at that moment, less 0.25%.
Gold prices are checked against the Chainlink XAU/USD reference price.
Backing today
We have not sold any KDARG to clients yet, so no gold is held for it yet. The reserve wallet is set up and ready. We do not buy gold in advance: backing purchases begin with the first client purchase.
How backing will work
- You buy KDARG.
- We buy the same amount of gold as Tether Gold (XAUt) on Ethereum. One XAUt represents one troy ounce of physical gold.
- The gold goes into a reserve wallet used only for KDARG, kept apart from DJYTL’s own money.
Small purchases may be grouped before we buy. The amount sold but not yet covered by gold will never be allowed above $250. If it reaches that limit, KDARG sales pause until the gold is bought.
XAUt token contract on Ethereum: 0x68749665FF8D2d112Fa859AA293F07A622782F38
Coins held by DJYTL
The total number of KDARG was fixed when DJYTL Chain launched: 1,154,000,000. No coins have been created since, and none can be.
- About 1,104,000,000 are held by DJYTL in a company account that needs two of three signatures to move. These are not in circulation and are not owed to anyone. They only need gold behind them once they are sold.
- 50,000,000 sit at an address no one controls and can never be spent.
Only KDARG sold to clients needs to be backed, and that is the number we will report.
What we will publish
- The reserve wallet address, so anyone can look it up on Etherscan.
- A live balance on this page: KDARG held by clients next to gold held, updated every five minutes.