KimberLite FAQ

$KIMBER 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.

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

Yes, we already have supply contracts in place with wholesale buyers as well as diamond producers that will utilise the KimberLite payment system. These transactions will start in the first quarter of 2024.

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 five years, 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 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.

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.

Gemmology is the science of studying and valuing precious stones, but the essence of gemmology is in identifying the gemstones, making sure they are real diamonds. People who work in the field of gemmology are called gemmologists.

'AU' is the atomic symbol for Gold in the periodic table (atomic number 79). Although the name 'Gold' is Anglo Saxon, it originated from the Latin word Aurum, or shining dawn, which is then the source of its atomic symbol.