HOW COALX WORKS
CoalX connects real-world commodities with digital trading tools — simply and securely.
STEP 1 — VERIFICATION
Coal is tested and certified by independent laboratories. Each batch includes documented specifications and provenance records, ensuring absolute quality assurance before it enters the ecosystem.
STEP 2 — TOKENISATION
A digital asset (CAT) is created to represent that verified coal. Every token is linked directly to a specific batch.
STEP 3 — TRADING & REDEMPTION
Tokens are traded on CoalX for instant settlement or redeemed when delivery is requested. All ownership transfers are recorded on-chain, providing a secure and auditable history.
THE TOKEN ECOSYSTEM
The Asset (CAT)
Each CAT represents a defined allocation of physical coal, directly linked to specific mine production with verified quality specifications. These asset-backed tokens provide stable exposure to the commodity market and are fully redeemable for physical delivery.
The Utility (CLX)
CLX is the native utility token that powers the ecosystem, aligning incentives between producers and traders. It is the fuel for the platform that is used to pay trading fees, secure the network through validator staking, and participate in governance voting.
Is CoalX backed by real coal?
Yes. CATs represent allocated or committed coal supply, supported by verification data and contractual frameworks.
Is this a stablecoin?
No. CATs are asset-backed allocation tokens, not currency-pegged stablecoins.
Can CATs be redeemed for physical coal?
Redemption mechanisms depend on the allocation structure and counterparty agreements. Some CATs may support physical delivery; others may be financially settled.
Is CoalX regulated?
CoalX is designed to operate within applicable regulatory frameworks and will evolve compliance structures as jurisdictions require.
Is CoalX promoting coal usage?
No. CoalX improves efficiency and transparency within existing supply chains. It does not incentivise increased extraction.