XAUgGold-Backed Digital Right
ZHENES
R1R2R3R4R5R6R7R8Likelihood →Impact →HighModerate

R1 Separated title · R2 Lease expiry · R3 Uncertified reserves · R4 5%% not gold yield [High] · R5 Coverage · R6 Compliance [High] · R7 Custody [controlled] · R8 Liquidity.

Risk Disclosure

Both digital assets and mining operations carry risk, including possible loss of part or all of principal. The matrix above plots key risks (non-exhaustive); each risk is tagged with severity and the control in place.

8
Key risks
6
Active controls
2
High impact (market/reg.)

Key Risks & Controls

R1 Separated Title Med

Concession belongs to a cooperative; operator holds use rights only; disputes or failed review may disrupt production.

Control: Leases and annual-review process documented; renewal history traceable; ownership disclosed on the Entity page.
R2 Lease Expiry Med

Mine to 2034, El Chileno to 2030, Yarumo to 2037; renewal execution remains an operating risk.

Control: Three leases staggered; all exceed the 24-mo lock-up; Yarumo renewed to 2037.
R3 Uncertified Reserves Med

No NI 43-101 / JORC / S-K 1300 report; any figure is not a proven reserve.

Control: Independent resource assessment planned; no uncertified reserve figures used pre-issuance; coverage limited to disclosed materials.
R4 5% Not Gold Yield High

Return from mine surplus, with operating, geopolitical and price risk; principal may be lost.

Control: Quarterly disclosure of output and coverage; lock-up smooths redemption; docs state no principal/return guarantee.
R5 Coverage Volatility Med

Mine-backed (not 100% vaulted); capacity or price swings affect coverage.

Control: Coverage disclosed truthfully with a floor-trigger disclosure; not presented as full vaulting.
R6 Compliance & Regulatory High

Cross-border raise, tax and securities characterization are multi-jurisdictional; policy change may affect issuance/redemption.

Control: Qualified-investor gate + KYC/AML; multi-jurisdiction counsel; issuance/redemption per official docs with a policy-change playbook.
R7 Contract & Custody Low

On-chain logic and key management carry technical risk; multisig/timelock reduce but do not remove it.

Control: Treasury 3/5 multisig + 48h timelock; technical team excluded from keys; contracts open-source and auditable.
R8 Liquidity Med

Secondary liquidity depends on ecosystem build; may be thin early, redemption is locked-up.

Control: 24-mo lock-up reduces early runs; ecosystem and market-making phased; redemption by rule.

Risk-Controllable Factors (controls in place)

These controls are designed or operating and keep principal risks within a manageable range.

C1 Treasury Multisig + Timelock

3/5 multisig + 48h timelock; no single point can move funds.

C2 Team Token Safeguards

5.5% milestone vesting with cliff and clawback, tied to performance.

C3 Qualified-Investor Gate

KYC/AML required to participate; limited to eligible investors.

C4 Quarterly Coverage Disclosure

Output, price and coverage disclosed quarterly and traceable.

C5 Independent Attestation

Gold delivery claims and reserves independently reconciled periodically (planned).

C6 Gold Transit Insurance

Physical gold insured in transit, reducing in-transit loss.

C7 Lease Renewal Track

Three staggered leases; Yarumo to 2037; operational continuity controlled.

C8 LGPD Data Compliance

PII hashed, minimal retention, compliant with Brazil's LGPD.

C9 Lock-up Against Runs

24-mo lock-up smooths redemption, easing liquidity shocks.

Term Blacklist

FuturesStablecoinPrincipal-guaranteedRisk-free gain
This is a risk summary, not a full disclosure. Read the official documents and seek independent legal/financial advice; do not misleadingly excerpt or share yield figures alone.