As a LGOLD token holder, you are entitled to our certified gold bullion/fine gold exchange service. Please read through our procedure, terms & conditions, and exchange fee requirements below before you proceed with the exchange. By submitting the exchange form, you agree to our exchange procedure, terms & conditions, and fee requirements. We are not responsible for any LGOLD and IDRX tokens sent not according to the terms & conditons. LGOLD and IDRX token that have been sent to us not according to the terms & conditions may be refunded back to the sender wallet address after admin fee deduction equivalent to IDR 100.000 (one hundred thousand rupiah). The admin fee includes Mining fee, Exchange withdraw fee, and any other fees required to refund the tokens.
Please send your LGOLD token to the wallet address below:
0x1c83cf7540edff12fa0d552ee26cdeb24d1946ec
Please send the exchange fee equivalent of IDRX token to the wallet address below:
0x1c83cf7540edff12fa0d552ee26cdeb24d1946ec
ATTENTION: Do not transfer LGOLD and IDRX to any other wallet address.
Terms and Conditions
- The value of 1 LGOLD token is equivalent to 1 gram of local gold bullion.
- Local gold bullion refers to physical gold in any forms that often comes from jewelry, gold mine, and other sources from Indonesia. Gold bullion is the raw material of fine gold bar. Gold bullion is not a SNI certified fine gold bar.
- Certified Fine Gold bar is a 24 carat gold bar with purity of 99.99% that has gone through SNI (Indonesia Standard) certification.
- LGOLD token holder can exchange their token to Certified Fine Gold bar only.
- Design, packaging, date of issue, and certificate card of the fine gold bar may be different according to availability.
- Minting and Other Fee (delivery, insurance, exchange agent fee, etc) will be charged for each exchange. Details on the amount is stated below. Full fee amount must be sent for the exchange to be successful. Details on the amount of minting and other fee can be found below.
- Token exchange is final. PT Komodo Teknologi Indonesia and Exchange Agent does not provide Fine Gold bar buyback service.
- Exchange Agent is agent or entity that has been appointed by PT Komodo Teknologi Indonesia to help with the exchange service.
- Token exchange can be considered invalid and canceled if it is suspected or proven that the exchanger is committing fraud, deception, or other unlawful acts. In such cases, tokens sent will be withheld as material for further legal investigation.
- PT Komodo Teknologi Indonesia can change this procedure and terms & conditions at anytime without further notice.
Exchange Procedure
- LGOLD token holder that choose to exchange LGOLD token to Certified Fine Gold bar will need to submit a written request through the form below.
- Token holder can collect the Certified Fine Gold bar offline through our Exchange Agent office at:
Gedung Millennium Centennial Center
Jl. Jend. Sudirman No. Kav 25, Kuningan,
Jakarta Selatan 12920. - Collection through Exchange Agent:
- Token holder submit the exchange form and send the correct amount of tokens & fees (minting and other fees) to the wallet address stated above.
- Token holder arrange an appointment to come to our agent office after confirmation from us.
- Collection of the Certified Fine Gold bar during the appointed timeslot.
- Certified gold that has been collected will not be covered by insurance and not be our responsibility anymore.
Minting and Other Fees
- Minting fee for a Certified Fine Gold bar is:
Certified Fine Gold Bar Weight Minting Fee (per Gram) 
Certified Fine Gold Bar 1 Kilo (1000 gram)* *limited to 1 bar per person, while stock lasts
IDR 200.000 - Exchange Agent fee: 150.000 IDR/ gram per exchange.
- Insurance fee is included in the exchange agent fee. Insurance will only cover until the gold bar has been collected.
Customer Testimony
Below are testimony from our satisfied customers that had exchanged their tokens to Certified Fine Gold bars successfully:
