What is the NatGold Contingency Fund, and what is its purpose?
What is the NatGold Contingency Fund, and what is its purpose?
The NatGold Contingency Fund is a form of industry self-insurance that helps protect the integrity of tokenized Certified NatGold Resources. When NatGold Tokens are minted, 5% of each minting is set aside into the contingency fund. Administered by NatGold Integrity Vault™ LLC, these tokens are held in escrow and accumulate over time, creating a reserve that can address unforeseen events, such as illegal mining or other activities that might jeopardize previously tokenized gold resources.
If such a situation arises, the affected mineral rights title would be removed from the NatGold Integrity Vault along with the corresponding NatGold Tokens issued at the time of minting. These tokens would then be “burned” to ensure the integrity of the ecosystem, effectively removing both the compromised title and its related tokens from circulation. This fund serves as a safeguard, ensuring the ongoing trustworthiness and stability of the NatGold Digital ecosystem.
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