Frequently Asked Questions

A gold-backed digital commodity credit is a prepaid, fully backed contractual right to a fixed weight of physical gold. Each $GIFT token represents one milligram (1 mg) of physical gold and may be redeemed, on demand, for physical gold of 99.9% fineness in accordance with the platform's redemption terms.

How it works in practice:

1. Backing. Every circulating token is matched by physical gold of the corresponding weight, held in segregated, allocated vault custody with an independent custodian.

2. Peg. The token tracks the spot price of one milligram of gold with 99.9% fineness. It is not a currency, not a deposit, and not a share in any company or fund.

3. Redemption. Holders may exchange tokens for physical gold in standard minimum lots, plus delivery and insurance charges where applicable.

4. Not a security. Because $GIFT is a commodity credit redeemable in kind and is not offered as an investment opportunity, it does not pay interest, dividends, or any return based on the efforts of others.

5. Transparency. The circulating supply and the vaulted reserve are published live and reconciled under an independent quarterly attestation by an external assurance firm.

Yes — economically. When you hold $GIFT, you hold a beneficial interest in the physical gold pool that backs it. But the legal ownership is shared in a specific, deliberate way:

1. What you hold. Each $GIFT token is a prepaid right to one milligram of physical gold of 99.9% fineness. Your claim is against the whole segregated pool — you hold a pro-rata share as a beneficiary of the trust, rather than title to any specific bar.

2. Who holds the gold. The physical metal is vaulted by a professional custodian and held on trust for all $GIFT holders by Ophir Ubuntu International under Mauritius trust law. The custodian acts only as bailee — it never owns the gold, and the pool cannot be claimed by the custodian's or the trustee's creditors in an insolvency.

3. What this means in practice. You can verify the pool exists at any time (the circulating supply and the vaulted reserve are published live and independently attested each quarter), and you may redeem your tokens for physical gold in accordance with the platform's redemption terms.

In short: you economically own gold through the trust, while legal title sits with the trustee for safekeeping and independent supervision — the standard structure used by regulated gold platforms.

Yes. The price of $GIFT is pegged to the spot price of one milligram of physical gold of 99.9% fineness. This is a reserves-backed peg, not an algorithmic peg and not a fiat peg:

• The peg is maintained by a physical backing guarantee — every circulating token corresponds to one milligram of gold held in segregated, allocated vault custody under an independent trustee.

• The price feed follows the global spot price (e.g. XAU via major LBMA market venues), averaged and refreshed continuously, so the token always tracks the live metal price rather than a fixed fiat reference.

• Because redemption against physical gold is available at all times (in standard minimum lots), market forces keep the token price anchored to the underlying metal — holders can always convert at the peg if a market price ever drifted below it.

The independent auditor of record for $GIFT is HT Digital Ltd.

Frequency: quarterly attestation (every calendar quarter).

Methodology: HT Digital performs an ISAE 3000 (Revised) attestation — an independent-assurance engagement that verifies two distinct things each cycle:

• Proof of Reserves — that the physical gold in segregated, allocated vault custody equals or exceeds the total circulating token supply (weighed, verified against custodian statements and the underlying bar inventory).

• Proof of Circulating Supply — that the on-chain token supply recorded on the public blockchain matches the figure used in the PoR reconciliation.

Each quarterly report is published on the uTribe /gift/reserves page with the attestation date, the block height of the on-chain reading, and the independent auditor's signed conclusion. Crowe performed the underlying physical-gold agreed-upon procedures under ISRS 4400 as part of the Q1 & Q2 2026 cycles.

The independent auditor of record for $GIFT is HT Digital Ltd. — engaged by Ophir Ubuntu International to perform reasonable assurance under ISAE 3000 (Revised), the international standard for assurance engagements other than audits of historical financial information.

Frequency: quarterly. Each calendar quarter produces a new Independent Assurance Report for the reporting date.

Methodology. Each cycle covers three verifications:

1. Proof of Reserves — verifying that the physical gold held in segregated, allocated vault custody at Sequoyah Vaulting (Copenhagen, Denmark) equals or exceeds the $GIFT circulating supply at the contractual 1 milligram-per-token ratio. This includes confirming the completeness, accuracy, purity and fineness of the gold reserves, and the segregation of Ophir Ubuntu International's account at the custodian.

2. Proof of Circulating Supply — verifying that the on-chain $GIFT token supply recorded on the public blockchain matches the figure used in the PoR reconciliation.

3. Component procedures — HT Digital engages a component auditor to perform physical inspection of the gold holdings and to confirm gold fineness certificates; reliance is placed on the component's report for the physical verification elements.

Each quarterly report is published on the /gift/reserves page with the attestation date, the block height of the on-chain reading, and the independent auditor's signed conclusion.

Yes. The physical gold backing $GIFT is insured under an all-risks of physical loss or damage policy issued by a global specialty insurer through the professional vaulting operator's Danish branch.

What that means in practice:

1. Coverage. The policy insures the allocated precious metals held in the vault against accidental physical loss or damage, including while in storage, on exhibition, and in transit.

2. Sum insured. The current certificate attests a sum insured covering the $GIFT backing pool's allocated goods. Certificates are re-issued at each policy renewal period and filed to the compliance evidence store.

3. Structure. The insurance runs through the vaulting operator (the bailee that physically holds the gold) and names the goods of the legal holder of record. The certificate is informational — it does not itself confer payout rights on token holders — it evidences that the custodian carries the industry-standard specie coverage.

4. Standards. This is the standard Jewelers Block / Specie policy form used by professional vaulting operators worldwide, the same class of coverage used for bank gold custody and central-bank reserve holdings.

The current certificate of insurance is on file with the compliance portal and is available to auditors and regulators on request.

A Declaration of Trust is a unilateral legal instrument by which Ophir Ubuntu International — the Gold Custodian — formally declares that it holds the $GIFT backing pool not for itself, but on trust for the pro-rata benefit of all registered $GIFT holders as beneficiaries. The declaration is made under the Mauritius Trusts Act 2001.

Why this matters for $GIFT holders:

1. Proprietary interest, not just a promise. Holders acquire equitable (beneficial) title to an undivided pro-rata share of the gold pool — not title to specific bars. Their claim survives the custodian's own insolvency: trust property never forms part of the trustee's own estate.

2. Licensed operators hold a licence to run the $GIFT platform in their country and nothing more — they have no ownership of, or beneficial interest in, the pool, and no trustee, protector, or enforcer role.

3. Segregated, allocated custody. The trust attaches to segregated vault accounts held with the custodian. The custodian acts only as bailee and never takes title to the gold itself. The gold is independently attested on a quarterly cycle and reconciled to the on-chain supply.

In jurisdictions whose law does not recognise common-law trusts, holders' rights flow contractually from the same declaration; the per-country terms disclose this.

Sources:

• Sequoyah Vaulting Agreement (5 June 2026, §18–19: Title & Bailment; Segregation and No Rehypothecation).
• Mauritius Trusts Act 2001 (Act 14 of 2001), hosted by the Mauritius Financial Services Commission: https://www.fscmauritius.org/regulatory-framework/legal-framework/our-enabling-laws

The physical gold backing $GIFT is held in secure, segregated vault custody with Sequoyah Vaulting in Copenhagen, Denmark, under the legal ownership of Ophir Ubuntu International (Mauritius) as legal holder of record and trustee for $GIFT holders. Sequoyah is a professional vaulting operator; it holds the metal as bailee only and never owns the gold.

For transparency the specific vault accounts are disclosed under the applicable tier of the uTribe disclosure policy: retail-facing materials state the custodian and country; institutional and audit-facing materials include the vault account identifiers under the audit NDA.

The published Proof-of-Reserves attestation performed under ISAE 3000 independent-assurance standards confirms the existence and weight of the vault pool each quarter.

KYC ("Know Your Customer") is the identity-verification check every $GIFT holder completes before their wallet can send, swap, or redeem tokens through the uTribe platform.

The process:

1. Sign up. Create an account and accept the global Terms and Conditions.

2. Verify. Complete identity verification through our onboarding partner — a government-issued ID, a selfie match, and proof of address are collected and screened against global sanctions and Politically Exposed Person lists.

3. Tier assignment. Your wallet receives a KYC tier that determines your transaction-size eligibility. Higher tiers unlock larger limits and require enhanced due diligence (source-of-funds; institutional tiers additionally require source-of-wealth and beneficial-ownership review).

4. Ongoing. Your compliance state is continuously monitored and periodically refreshed; a material change in your status (for example, an expired ID or a screening hit) will place a temporary hold until refreshed.

The on-chain ComplianceRegistry contract records each wallet's approval state, so any reader can verify whether a wallet has passed KYC before transacting with it. Full detail on the tier structure and controls is in the $GIFT Whitepaper, Section 8 (Compliance and KYC/AML).

$GIFT has integrated AML/CFT controls at the application layer, so every transfer that goes through the uTribe platform is screened before it reaches the blockchain.

Our controls include:

• Know-Your-Customer approval before any wallet can participate — no unverified wallet may send, swap, or redeem.

• Sanctions and Politically Exposed Person screening against OFAC, UN, EU, and UK lists at onboarding and on a continuous-monitoring basis.

• Transaction-size eligibility checks tied to the holder's KYC tier, so limits match regulatory expectations for the holder's residence.

• Travel Rule information capture and transmission for qualifying virtual-asset transfers, in line with FATF Recommendation 16.

• Record retention in accordance with applicable AML law, and Suspicious Activity Report procedures handled by the designated compliance officer under the relevant licensed jurisdiction.

• Independent attestation of the on-chain compliance register and control operating effectiveness is published quarterly.

The whitepaper's Section 8 (Compliance and KYC/AML) and Appendices carry the full controls inventory and the contact route for regulator inquiries.