KimberLite FAQ

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 just 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 BNB Chain (Binance) network utilising BEP20 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.

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

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.

The "Lock" term and token release percentage were calculated to ensure that within the first four years after listing, no more than 2% (4,000,000 tokens) of the total number of tokens ever generated (200 million) will be released every month.

To show our dedication to the success of the project, team tokens, which make up 12% of the total supply, are locked for 10 years with an additional 12-month vesting term.

We have used a UNCX (formerly Unicrypt) Token Locker, the most secure lock technique available, to lock 190 million KimberLite Tokens safeguarding 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.

A rough diamond, also known as an uncut or raw diamond, is a diamond in its natural state, having been freshly mined and unprocessed. It lacks the smooth and polished appearance of a cut diamond and may have a rugged, textured surface.

A cut diamond is a diamond that has been skilfully cut and polished, transforming an unprocessed rough diamond into a remarkable gemstone. The cutting and polishing process unleashes the diamond's beauty and releases its true potential value.

The value of a rough diamond is significantly increased through cutting, as this process unlocks the diamond's inherent brilliance and sparkle. The carefully crafted facets and polished surface enhance the stone's market appeal, desirability as well as true value.

When buying a rough diamond, you must consider things like; Clarity, Color, Shape and Transparency. Luckily, we take care of this for you.

KimberLite 'cherry pick' the best diamonds exported by our sister company, BSR Global, for tokenization into eDiamonds. Ensuring that the eDiamonds available through KimberMarket are the highest possible quality.

Most people think that diamonds are all clear or white, like the ones we see in diamond engagement rings, but this is not actually the case.

Fancy colored diamonds are rare and captivating gemstones known for their vivid and mesmerizing colors. Unlike traditional white or colorless diamonds, these exceptional stones come in a diverse range of hues such as blue, pink, yellow, and green, making them extremely valuable and highly desirable.

The Kimberley Process Certification Scheme is the process established in 2003 by United Nations General Assembly to prevent "conflict diamonds" or so called "blood diamonds" from entering the mainstream rough diamond market.

Every eDiamond supplied by KimberLite is legally exported by our sister company, BSR Global, they come with a full set of documents, including Kimberley Process Certificates (KPC), Export / Import Permits and a Third-Party Gemology Report.

Investors can rest assured they are buying the real deal when purchasing through KimberLite.

Gemologists are experts in the field of gemology, who are responsible for verifying the origin, clarity, color, cut, and carat weight of gemstones to ensure accuracy in valuation and identification.

Gemologists typically use a combination of visual inspection, magnification, and light performance analysis (UV Light) to check a diamond's characteristics and determine its value.

Rough diamonds are not valued and sold on a conventional price per stone basis, instead they are traded on an 'Average Price Per Carat'.

Meaning that all of the diamonds in a consignment are purchased at the same Average Price Per Carat, regardless of the Clarity, Color or Size of each individual stone.

We sell our eDiamonds based on the industry standard 'Average Price Per Carat' system, allowing investors to grab a bargain.

When cutting and polishing a rough diamond up to 60% (worst case scenario) of the stone size will be lost during the process. This means the size of the final cut piece will be less than the original rough stone size.

No. Data shows that diamond prices and values have increased by an average of 14.47% annually since 1960.

Yes. Cutting a rough diamond into a polished gem can significantly increase its value, often by 30% to 40%. This process, known as diamond cutting, allows investors to maximize their return on investment.

Cryptocurrencies, in simple terms, are digital assets that are used as a medium of exchange to buy goods and services. Today, cryptocurrencies stand the potential to be pegged to underlying assets such as the US dollar, governance tokens, etc.

A blockchain is a public ledger, serving as the infrastructure upon which financial systems can be built. Within a blockchain, every transaction and wallet balance is publicly visible to everyone. The main reason why blockchain technology has become hugely popular over the last few years is due to the speed at which transactions are settled, the low costs when sending international payments, and the security/transparency of the system.

Millions of computers are connected via blockchain. These computers store encrypted data, hence are known as record keepers. There are then millions of record keepers called ‘nodes’. These nodes keep the system running, and validate transactions. Through this system, once a transaction has taken place on the blockchain, it will be recorded on the public ledger in perpetuity.

All those cryptocurrencies that are built on top of the existing blockchains are called tokens. These tokens can be used to purchase goods and services.

In simple terms, crypto wallets are places where you can store digital assets. It is considered to be more secure than holding your cryptocurrencies on an exchange.

Cryptocurrency is largely borderless and censorship-resistant, it can be used by anyone in the world with an internet connection. Fiat currency is issued by a government to be used within a particular geographical location and can be printed in unlimited amounts. Whereas cryptocurrencies are decentralised and typically have a capped supply.

If you lose your wallets seed phrase or private keys, unfortunately, there is no method for retrieving your funds. It is crucial to write down and keep safe all your passwords and seed phrases for both your exchange wallets and hard wallets.

It is becoming easier than ever to purchase or sell cryptocurrency, with centralised exchanges such as Coinbase and Binance offering simple fiat on-ramps for new crypto users.

Blockchain as a protocol itself is safe and can not be controlled or manipulated by any single-point-of-failure. If you own cryptocurrency, you are your own bank, and it is your responsibility to keep your tokens safe.

One of the beautiful things about crypto is that it is decentralised. This means it can not be censored or controlled or manipulated by any single governing or centralised party, and all transactions are mathematically verified by a network of thousands of computers.

The answer is Yes, the value of Crypto Assets can fluctuate significantly and there is a material risk of economic loss when buying, selling, holding or investing in Crypto Assets. You should therefore consider whether trading or holding Crypto Assets is suitable for you in light of your financial circumstances.

We strongly advise you to read our Terms & Conditions page for more details about the risks associated with buying, holding and investing in any cryptocurrency.

The answer is No, but you should always check you local laws and tax implications of owning cryptocurrencies.

Yes. In 2013, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FINCEN) stated that it is legal to invest in Bitcoin and use it as a form of payment as long as the seller is willing to accept it. The Securities and Exchange Commission has designated cryptocurrency as digital currency, the Commodity Future Trading Commission as commodities, and the IRS as property. You can purchase in any state, but certain states have imposed regulations.

In 2014, the IRS issued a notice that virtual and digital currency is treated as property for federal income tax purposes. When you sell cryptocurrency for capital gain or capital loss, this will be recognised. Starting in 2019, the IRS specifically asks about cryptocurrency on the first page of Schedule 1. The expectation is for this to continue going forward and for CPAs to ask this question in their annual tax binder. Even if the exchange you purchased does not provide tax reporting forms, you need to record your transactions.

The answer is Yes, As examples, Square and PayPal are now allowing users to buy, hold, and sell cryptocurrencies via their apps and use them for payments.

Blackrock and several other major players are already offering 'Tokenized Real World Assets'. It is predicted that the value of Tokenized assets on the Blockchain will reach $16 Trillion by just 2030.

Absolutely not, our sister company behind KimberLite (BSR Global Group) has been in business since 1968. Over the last 5 decades they have developed an excellent reputation for success. KimberLite has been created as an extension to the existing services offered within the precious commodities sector.