Skip to main content

Key Terms

Written by Ayni Support Team

Main Terms

AYNI Token (AYNI)

An ERC-20 utility token associated with a measurable unit of gold-mining throughput reported by Minerales San Hilario. One AYNI is associated with 4 cm³/hour of throughput. It does not represent ownership of gold, mining revenue, the concession, or either company. See Tokenization Model and Tokenomics for supply, staking, and reward-cycle details.

PAXG (Paxos Gold)

A gold-backed ERC-20 token issued by Paxos Trust Company. Each PAXG represents ownership of one fine troy ounce of allocated London Good Delivery gold, subject to Paxos terms. AYNI uses PAXG to denominate eligible digital rewards. See PAXG, Storage, and Trust for how PAXG works and how to verify your rewards on-chain.

Staking

Locking AYNI for 12, 24, 36, or 48 months to become eligible for variable PAXG rewards. Early withdrawal is generally not permitted.

Gold Unit

A distinct digital reward position offered in a fixed participation tier. Each Gold Unit has its own 90-day cycle and can be listed on the AYNI Marketplace when eligible. See Gold Units: Overview and How They Work for tiers, pricing, and step-by-step purchase guidance.

Target VR

An indicative annual variable-reward rate. It is an estimate, not a guaranteed yield, and actual rewards may be lower or zero.

Minerales San Hilario S.C.R.L.

The Peruvian company that holds and operates mining concession No. 070011405 in Madre de Dios.

Concession

A state-granted mining right for a defined area. AYNI’s current public materials identify one concession, No. 070011405, covering 8 km².

INGEMMET

Peru’s Geological, Mining and Metallurgical Institute, whose public registry records mining concession titles.

Phase 1 Scoping Study

An independent preliminary technical study published in May 2025. It supports a conceptual exploration target of approximately 9–11 metric tonnes across the concession. This is not a declared mineral resource or reserve.

PAXG Reward

A variable digital reward calculated by reference to mining-linked results and applicable programme rules. Accrued rewards become claimable in 90-day cycles and are not automatically distributed.

OPEX

Operating expenditure, including items such as labour, fuel, consumables, and plant maintenance.

Programme Fee / Success Fee

The applicable fee deducted in the reward calculation. Rates vary by format, allocation, and term and may be updated under the applicable terms.

Smart Contract Audit

An independent code review intended to identify vulnerabilities and implementation issues. AYNI publishes PeckShield and CertiK review materials. An audit reduces risk but does not eliminate it.

Buyback and Burn

A planned, discretionary mechanism under which AYNI may be repurchased and permanently removed from circulation. The current Terms state that it is not yet implemented and does not guarantee price appreciation or liquidity.

DAO / Governance

A planned governance framework, currently targeted for Q4 2026. No DAO governance framework is live under the current Terms.

KYC / AML

Identity-verification, sanctions-screening, transaction-monitoring, and related compliance controls. Requirements may differ at purchase and at platform withdrawal. See Legal Framework and KYC/AML for the full compliance requirements.

Virtual Wallet

A platform-provided non-custodial smart wallet accessed through the registered email and one-time-password verification.

External Wallet

A self-custodied wallet controlled by the user’s private keys. The user is responsible for securing and recovering those keys.

Liquidity

The ability to sell an asset without unacceptable delay or price impact. AYNI and Gold Unit liquidity is not guaranteed; Marketplace or third-party markets may have limited or no liquidity.

Reward Formula

Gold extraction value − operating costs − applicable Programme or Success Fee = estimated reward. Actual calculations remain subject to programme rules and available data.

Did this answer your question?