xCUP · Tracker certificate on physical copper
Copper trading performance, held in your own wallet.
xCUP follows the net asset value of ALCUM's physical copper operations. Deposit USDC, receive xCUP as ALCUM puts it to work in copper, and see its value signed and published every business day.
How it works
Private placement · Investor declaration
Before you continue
xCUP is offered only to professional investors. Confirm each statement below; ALCUM records your declaration with your wallet address and the time.
Private placement · Product documents
Documents
The terms of xCUP are set by these documents alone. They are for admitted professional investors and may not be passed on.
Your xCUP
ExampleTrade
Signed in your walletxCUP moves only between wallets ALCUM has admitted. The contract refuses any other recipient.
Requests are settled first in, first out, at the dealing price of the settlement day, normally the next business day and never later than 30 days. Redemptions are limited to 10% of NAV in any 30 days, so a large request may be paid in parts. ALCUM's exit fee falls with the time you have held the units, oldest units first. What has not been paid can be cancelled.
Backing
Public, on chainEvery figure here is read from the chain, not from ALCUM. Each kilogram is recorded against a hashed warehouse or sale document and can never be moved, and the register is reconciled with ALCUM's operations ledger every business day.
Activity
Read from the chainExport CSV| When | What | Amount | Wallet | Tx |
|---|
Nothing yet. Deposits, units issued, transfers and redemption requests appear here.