# $BGLDM ![](/files/6tIpgFLM1gSS4gsvEeLd) GoldMint Bonds ($BGLDM) main job is to help incentivize changes in $GLDM supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of $GLDM falls below 1 troy gram of gold, $BGLDMs are issued and can be bought with $GLDM at the current price. Exchanging $GLDM for $BGLDM burns GLDM tokens, taking them out of circulation (deflation) and helping to get the price back up to 1/31 $PAXG. These $BGLDM can be redeemed for $GLDM when the price is above peg in the future, it is also an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for $GLDM when it is above peg, helping to push it back toward 1 troy gram of gold. Unlike early algorithmic protocols, $BGLDMs do not have expiration dates. All holders are able to redeem their $BGLDM for $GLDM tokens as long as the Treasury has a positive $GLDM balance, which typically happens when the protocol is in epoch expansion periods. {% hint style="warning" %} ### [$BGLDM token address](https://etherscan.io/token/0x7D708102986c52133b7bCb536557fb9b26814A92) {% endhint %} --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://goldmintfi.gitbook.io/whitepaper/main-protocol/tokens/usdbgldm.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.