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Customer Bill of Rights and Protection

Last Revised: December 20, 2023
 
  1. Freedom to Buy, Sell, Trade, or Gift your collectible NFTs.
  2. Right to see an audit of custodianship of the physical coins.
  3. There is no leverage or loans on the coins. All equity belongs to the shareholders. 
  4. Right to Vote with DAO (Decentralized Autonomous Organization). 
  5. 30-Day Money Back Guarantee
  6. Right to verify the location of your asset
  7. All assets are fully licensed and insured. Your assets at secure 
  8. KYC / AML compliant 

Eliminate Counter-Party Risk:

When the physical items that back an NFT go into a vault, it’s crucial to be crystal clear on who will have the rights to take it out again. External auditors could also be tasked with assessing the background behind a transaction, and information about the condition of an item could be woven into metadata.

Chat GPT Question:

You are a professional writer with detailed knowledge of blockchain technologies, NFTs, and cryptocurrencies. Our company, BlockCoin, sells asset backed NFTs. The NFTs are backed by pre-1933 US Minted Rare collectible coins. Write a “Customer Bill of Rights,” numbered 1-10, on the protections that will be provided to the owner of the NFTs. 

1. All owners of BlockCoin NFTs will have the right to a transparent ownership process. This includes full disclosure of the rare coins used to back the NFTs and a clear explanation of any associated fees. 

2. All owners of BlockCoin NFTs will have the right to a secure storage system for their NFTs. This includes the use of top-level encryption, a safe storage facility, and protection against cybertheft. 

3. All owners of BlockCoin NFTs will have the right to receive prompt and timely payments when they sell or exchange their NFTs. 

4. All owners of BlockCoin NFTs will have the right to receive timely and accurate updates on the value of their NFTs. 

5. All owners of BlockCoin NFTs will have the right to receive a safe and secure trading platform for their transactions. 

6. All owners of BlockCoin NFTs will have the right to receive a fair and transparent market price for their NFTs. 

7. All owners of BlockCoin NFTs will have the right to receive a full refund in the event of a fraudulent transaction or any other form of malpractice.

Miscellaneous

3-year hold redemption of the actual asset.

USA Bill of Rights

  1. Freedom of speech, religion, press, assembly, and petition
  2. Right to bear arms
  3. Quartering of soldiers not allowed in private homes without the owner’s consent
  4. Search and seizure regulated
  5. Right to due process and protection from self-incrimination
  6. Right to a fair and speedy trial, including the right to confront witnesses and have representation by counsel
  7. Right to a trial by jury
  8. Protection against cruel and unusual punishment
  9. Rights not enumerated in the Constitution are retained by the people
  10. Powers not delegated to the federal government are reserved for the states or the people.