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Token represents a natural diamond, GIA graded and GCAL verfied; stored in an insured vault at 580 Fifth Avenue, NYC.
Buyers are required to read full terms and conditions. Purchase of token constitutes acceptance of full terms and conditions, and as may be modified. Tradeable or redeemable per terms.
Brief Summary of Terms & Conditions
- Notice: Existing or new regulations may be found to apply to Icecap's services. Icecap will adjust terms and conditions as needed to comply with applicable regulations.
- Ownership of Token represents an exclusive claim on the physical diamond shown (see links to grading reports for full detail).
- Token itself may be re-offered for sale by owner on OpenSea or any ERC721-supporting platform that accepts Icecap tokens. OpenSea currently charges a 1% trading fee on transactions involving Icecap tokens.
- Token may be redeemed, in which case actual diamond will be shipped to token's owner. Redemption process involves:
Payment of Fees
- $50 (additional payment to redeem.)
- Sales tax (if applicable) Sales tax will be computed based on the price at which Icecap sold the original token + redemption payment ($50).
- Any unpaid storage fees (check metadata for fees owed, if any. Storage fee is currently $10/year, subject to change.)
- Shipping & Insurance
Shipping Details (Must be provided.)
- Full name of owner
- Email address
- Shipping Address
- Shipping preference
Delivery of Token to Icecap
- Icecap will specify a public key for return of token prior to diamond shipment.
- Redemption will not be allowed if Redeemer is in a country in which transactions are prohibited by U.S. Law, or Redeemer is on a prohibited list under U.S. Law.
Icecap, LLC sells Non-Fungible Tokens each representing claim on a specific diamond, stored in an insured vault at 580 Fifth Avenue, NYC. The ERC721-based tokens may be bought, sold, or redeemed (exchanged for the actual diamond.)