Introduction:
At the heart of the LabGemTraders website lies a cornerstone of transparency and accountability — the FairCarats Token. This token not only represents a revolutionary approach to digital assets but also embodies our commitment to openness in every facet of our operations.
“carats in stock“
The figure displayed here reflects the current inventory of moissanite gemstones, measured in Diamond Equivalent Weight (DEW). It’s essential to note that these gemstones, always moissanites, weigh approximately 10% less than diamonds. In our commitment to transparency, we’re on a roadmap to provide a detailed inventory, including each gemstone’s registration number and carat weight for your verification.
“carats in cash“
When gemstones are introduced into the blockchain, whether through ICOs or the DEX exchange, the corresponding funds received are diligently recorded in our blockchain account. The balance in this account should minimally match the product of the mentioned carat quantity and the current cost, set at $20 per carat for manufacturing and importing.
polygonscan.com/address/0xb2f1918E7ca88807ed0B1B9ad78AC6efB00eF135
“carats in order“
Upon placing an order, the “carats in cash” are adjusted, deducting the amount required to fulfill the order. It’s crucial to recognize that the ordered carat quantity might not precisely match the number of gemstones, given the potential variation in carat weight (ranging from 0.5 Carat to 10 Carats).
“tokens in circulation“
The total number of tokens in circulation should ideally mirror the sum of carats in stock, carats in cash, and carats in order. While a slight discrepancy may occur due to manual updates on this page and the DEX exchange liquidity provider’s activities, our commitment to transparency ensures that all trades are meticulously documented in our transparency blog.
polygonscan.com/token/0x13f812237bcad602a524d399618c467d49dd080c#balances
“held by AMM“
Referring to tokens held by the Automated Market Maker at the DEX, these can be released and bought back as market dynamics fluctuate.
“max buy back in $“
When fulfilling customer delivery orders, we engage in buyback transactions from the DEX with a predetermined maximum price limit. Typically, this limit is set at the release price plus a 25% premium for our valued investors. If the current token market price surpasses this value, we reserve the right to buy back from ICO investors at their original price plus the agreed 25% premium.
Follow Trades on the Transparency Blog:
For a detailed chronicle of all trades and transactions, our transparency blog is the go-to resource. Here, you can meticulously track each step we take, ensuring absolute clarity and trust in the FairCarats Token system.