K I M B E R L I T E

FAQ

KimberLite Decoded

Navigate The eDiamond Terrain: FAQs About KimberLite

In simple terms, think of Tokenization of real-world assets as converting legal proof of ownership for real-world assets (physical things), like a house, shares, artwork, or a rough diamond, into digital tokens that can be bought and sold online easily 24/7.

With major players like Blackrock already offering a Tokenized Treasury Fund, it is predicted that the value of tokenized assets on the blockchain will exceed $16 trillion by 2030.

Using blockchain technology to tokenize real-world assets, such as diamonds, creates a host of very exciting advantages. For example: Greater Liquidity, Global Accessibility, Fractional Ownership, Increased Transparency, and 24/7 Market Access.

The current state of the rough diamond market presents an ideal case for tokenization. Traditionally considered a 'closed shop,' the industry has always made it difficult for new investors to enter.

However, by tokenizing diamonds on the blockchain, we can overcome these barriers, addressing the trust and security issues that have long plagued the sector, while democratizing access to one of the best investments on the planet.

We have created KimberMarket, an online store built especially for buying and selling rough diamonds in digital form (eDiamonds). Here, buyers can browse available stones, review their documentation, and even watch professional videos showcasing the natural beauty of each gemstone. They can also exchange their virtual gems for physical assets at no additional cost.

KimberMarket offers both Gold Bullion and Diamonds in digital form (eGold and eDiamonds), these unique digital tokens are backed by physical assets securely stored in real world bank vaults.

Yes, you can exchange your eDiamond for the real stone held in bank storage at any time. We will burn the eDiamond and deliver the physical stone to your nominated address FREE of charge. Exchanging eDiamonds for physical diamonds is managed via our KimberMarket store.

Fractionalization is one of the most powerful advantages offered by Tokenization. It allows investors to purchase a 'share' in a digital asset opening up lucrative markets to a new generation of investors.

Tokenization allows investors of any size to purchase a share in one of our luxurious diamonds through ‘Fractionalization’.

We will offer long-term participants, holding more than 2,000,000 tokens, opportunities to purchase products from our supplier network at dramatically reduced prices well below market value at the time of acquisition.

KimberLite Token is our utility token and the backbone of our entire ecosystem. It has three main use-cases; (1) Purchasing digital eDiamonds in KimberMarket (2) In-Game purchases of equipment and upgrades in KimberRush (3) Executing high value precious commodity transactions.

KimberLite Token operates on the Ethereum (ETH) network utilising the latest ERC-20 Smart Contract protocols offering users and investors the most stable of working environments as well as cost effective transfers.

Plans are in place to take $KIMBER multi-chain soon after initial launch and listing, bringing KimberLite to more networks and increasing ease of use.

For rewarding ecosystem participants through Air-Drops and Bounty campaigns, we have set aside 6% (12,000,000 tokens) of the tokens that were produced (200 million) under our Token Allocation Plan. These tokens will honour both long-term partners and early-stage investors and will be released in stages.

Yes, based on the date of our Token Generation Event (TGE), we have established both "vesting" and "lock" durations. These aim to boost investor confidence and prevent a token oversupply in the market.

Lock terms and token release percentages are calculated to ensure that no more than 4,000,000 of the total 200 million tokens generated will be released monthly in the first 36-months after listing.

To show our dedication to the success of the project, team tokens, which make up 12% of the total supply, are locked for 5 years with an additional 12-month vesting.

We use the UNCX (formerly Unicrypt) Token Locker, the most secure locking technique available, to secure 190 million KimberLite Tokens, thus safeguarding our investors. Over the following ten years, these tokens will be gradually distributed as our ecosystem develops. As a result, a "Pump & Dump" is avoided, and a "Anti Rug Pull" precaution established.

Our plan is to make the buy-back and burn a yearly event in which 20% of operational income will be used to acquire $KIMBER Tokens on the secondary market. This procedure will carry on until 50% of the tokens that were initially produced have been bought back and burnt.

Yes, we have established plans to cater for token life-cycle and buy-back of tokens from producers. These include offering miners the chance to use their $KIMBER to purchase other goods or services. The solutions we have developed will prevent tokens being sold in an uncontrolled manner.

We will set aside 11.5% of our total operating revenue each year to pay dividends to our stockholders. Any wallet address with more than the minimum required number of tokens (1,400,000 tokens) will be given a portion of the total dividend pool based on the quantity of tokens held.

No, KimberLite utilises the ERC-20 protocol, which can be configured to receive and store our token in most standard wallets, like Metamask & Trust Wallet.

Check out the help videos below for details on how to setup Trust Wallet and MetaMask, as well as guides on how to add KimberLite Token to your wallet.

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Fill Your Bag

Load Up Your Wallet With KimberLite Tokens

How To Install Trust Wallet on Your Mobile

How To Add KimberLite Token To Your Trust Wallet

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How To Add KimberLite Token To Your MetaMask Wallet

Complete Installation and Setup of MetaMask Desktop