FuraCoin tokens will be redeemable into physical emeralds twice a year. The first redemption round starts from November 18th to December 18th (2022), and the second redemption round starts from May 18th to June 18th (2023). The owners of the Fura Individuals who purchase FURA can go to the website to view each emeralds most recent price alongside its copy of the GIA certificate and other related government documentation.

KYC/AML

Customers must pass through our verification system which adheres to the KYC / AML guidelines.

The purchaser of the emerald then selects which stone he/she wants to redeem. Once the decision is made, we are notified of the user wishing to complete the order, and do so by authorizing the transaction.

The emeralds are then sent using whichever desired mail service the receiver chooses to be sent through. In this transaction, the receiver will be responsible for the shipping of the stones. It is up to the purchaser of the emeralds to adhere to the guidelines of their country’s/state/local ordinance when determining if a VAT is required for the purchase.

Once an emerald is redeemed, it is then burned from the token supply using ERC-20’s burn feature to stabilize the supply of currently available FuraCoins, which accurately reflects all available tokens on the market.

Emerald Trade realized there was an opportunity to allow investors, traders, and producers to participate in a more decentralized market and reduce the cost for transactions between the parties. Furthermore, Emerald Trade wants to eliminate the middleman from the process, connecting retailers, traders, and investors directly in contact with the miners.

Initially, FuraCoin will be a utility token, with a total supply of 600 million tokens. There are currently 300 million Furacoin tokens created which are located on Etherscan. It is part of our plan to create 300 million more Furacoin tokens to complete the figure of 600 million Furacoin Tokens that establishes the total supply. Additionally, we will accumulate sufficient funds over time, with the ultimate goal of transitioning from a utility token to a currency by establishing our own blockchain network. This will allow us to transact on our own network, which will allow us to have lower fees, expedited transaction times, and support for other ABTs via other stablecoins.

The gold, silver, and diamond markets have been securitized and have reached global saturation and market growth maturity. It means that the global demand for global production has reached the ebb-and-flow balance of supply-and-demand. The emerald market has only recently been securitized/tokenized and made its way to public stock exchanges and the cryptocurrency realm. Its entry into the market as an asset-backed token has found favor with investors.

Due to the rapid growth of consumer wealth, especially in Asian countries where emeralds are preferred over diamonds. The growth potential for tokenizing the emerald market is monumental and decades away from reaching the saturation levels which gold, silver, and diamonds have reached. World demand for emeralds substantially exceeds current production. In the past 20 years, the price of emeralds rise in value has outpaced the average price increase of gold, silver, and diamonds. Emeralds have been known to increase in value an average of 12% to 15% annually. Emerald Trade is making participation in this expanding market available to investors worldwide, by way of Digital Currency.

Emerald Trade keeps certificates from laboratories from the countries where the emeralds are purchased and then recertifies the gems through the prestigious GIA laboratories located in New York once the emeralds enter the United States. Unlike our competitors, which only have certificates from countries outside of the United States. Emerald Trade uses GIA certified certificates, and the Emerald Report price list system to evaluate the price of gems. Market Value includes a very detailed description, precise measurements and grades, color, digital image(s), and determination of the value within the appropriate market. The appraisals for each emerald are verified by a GIA certified master gemologist who provides a fair market value price for each stone. It is also important to note that the appraisals are independently conducted by a non bias third party service unaffiliated with Emerald Trade. Appraisals of each emerald are done on a recurring quarterly basis.