NYBlue Pty Ltd
ABN: 78 653 933 889
Terms of Tokenized Asset Redemption
The initiation of a redemption request via the transfer of ZIRC digital assets to the designated fulfillment wallet constitutes an irrevocable acknowledgement and binding acceptance of the terms set forth herein.
NYBlue Pty Ltd (ABN 78 653 933 889), acting exclusively as the physical fulfillment partner, maintains no fiduciary duty toward the ZIRC token’s market valuation or its issuance, serving strictly as the conduit for physical commodity exchange. Each individual ZIRC token represents a specific claim against the Retailer’s curated catalog of genuine 1.00-carat (1ct) Blue Zircon gemstones. Upon the successful verification of a token transfer, the redeemer is granted a non-transferable right to a physical asset of equivalent weight, provided that the mandatory shipping, handling, and insurance surcharge of $50 USD is settled in full. This flat-rate fee ensures that the asset is dispatched via an express, tracked, and fully insured international carrier to any globally accessible jurisdiction, though the recipient remains exclusively liable for any statutory import duties, value-added taxes, or customs levies imposed by the destination country.
NYBlue Pty Ltd recognizes the technical nuances of distributed ledger technology, specifically the involuntary erosion of token balances due to network-level fees or gas costs incurred during the transfer process. Consequently, the Retailer provides a Fractional Integrity Provision wherein a token received at a decimal deficit—such as 0.99 ZIRC—will be processed as a whole unit, provided that a forensic audit of the blockchain confirms the missing fraction was consumed by transaction costs rather than prior partial divestment. This provision is intended to protect the consumer from network volatility and ensure the 1:1 parity remains functional in a real-world environment.
This redemption facility is characterized by its perpetual nature, as NYBlue Pty Ltd imposes no expiry date on the validity of ZIRC tokens for the purpose of gemstone exchange, nor are there any arbitrary ceilings or volume limitations placed on the quantity of redemptions a single holder may execute. This commitment is contingent only upon the continued operational status of the underlying blockchain protocol and the availability of 1.00-carat inventory within the Retailer’s holdings.
Any gemstone provided through this redemption process is subject to the rigorous quality control and authenticity standards of NYBlue Pty Ltd, and once a token is committed to the redemption address, the transaction is deemed a Final Sale and is non-reversible. This agreement is governed by the laws of Australia, and any disputes arising from the physical fulfillment of these assets shall be subject to the exclusive jurisdiction of the courts therein.