KSGEMS Tokenomics
  • Introduction
    • Project Background
    • Tokenization of Precious Gems
    • Portfolio
    • Vision
    • Mission
  • Market Opportunity
    • Challenges in the Traditional Gemstone Market
    • Opportunities Through Tokenization
  • Gemstones
    • Transparency
  • KSGEMS Token
    • Tokenomics
      • Token Supply and Distribution
      • Bidding & Auction Mechanism
      • Staking Rewards
  • Roadmap
  • Audits
  • Staking and Distribution
    • Staking
  • Important Links
    • Website
  • Pledged Gemstones
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  • Custodianship and Verification - Role of UBB Trustees:
  • Insurance Coverage by Tokio Marine:
  • Auditing and Verification:
  1. Gemstones

Transparency

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Last updated 1 month ago

Custodianship and Verification - Role of UBB Trustees:

UBB Trustees play a pivotal role as custodians of the KSGEMS gemstone portfolio. Their responsibilities include:

  • Secure Storage: Gemstones are stored in state-of-the-art, high-security facilities with advanced surveillance, restricted access, and environmental controls to ensure optimal preservation.

  • Proper Management: UBB Trustees oversee all aspects of gemstone handling, ensuring that the assets are meticulously cataloged, monitored, and protected.

  • Periodic Verification: Regular inspections and reconciliations are conducted to verify that the physical assets match their corresponding records and certifications.

Insurance Coverage by Tokio Marine:

Every gemstone in the KSGEMS portfolio is comprehensively insured by Tokio Marine, a globally trusted insurance provider.

  • Risk Mitigation: The insurance policy covers the full market value of all gemstones, protecting against risks such as theft, physical damage, or loss.

  • Investor Confidence: Comprehensive insurance ensures that stakeholders are shielded from unforeseen events, reinforcing the security and reliability of the ecosystem.

Auditing and Verification:

To maintain transparency and accountability:

  • Third-Party Audits: Independent auditors are engaged to verify the physical holdings, insurance terms, and compliance with legal and regulatory standards.

  • Transparent Reporting: Audit results and verification records are made available to stakeholders, ensuring that all operations are conducted with the highest level of integrity.