Frequently Asked Questions

With the ongoing harmonization of the QAAA processes in the background we have decided to align the purchase process for QAAA with our ongoing efforts of integration to a single market. From Friday February 3rd 2023 it is no longer possible to buy QAAA directly in the back office of Qommodity Tech. QAAA can be purchased through the website of Qommodity.io (https://www.qommodity-qaaa.com/buy-qaaa) or through Lbank (https://www.lbank.info/) directly on the exchange. On a daily basis at 04.00PM UTC time the price of the QAAA in the back office of Qommodity Tech will be fixed to the market price on the exchange. On all QAAA purchased in this manner there is NO vesting applicable. All these tokens can be freely traded through the exchange and stored in a wallet of own choice. Whenever is chosen to hold the QAAA in a wallet in the back office of Qommodity, they WILL be automatically vested according to the terms and conditions, so that is important to know when obtaining QAAA.

This is an ongoing process and we will immediately advice on changing status

The demand of the token is achieved through various actions, which can be found in our Whitepaper. We briefly list a few here: - It has been stated on several of our publications, that the QAAA will not just remain traded as a token but will also receive an ISIN so that traditional (institutional) markets are also able to invest in the project. - We see a huge interest from traditional investors in our project but they are not willing or able to invest in tokens. The moment the ISIN is published, we expect a significant buying interest from the traditional financial domain. - The demand from other countries with resources and companies with mining licenses is significant and the more resource licenses we add to the QAAA the larger the value will become and the higher the interest in the token will be. - Potential Integration of the QAAA as payment token in the countries we are active in will give it another dimension in demand. - The value of the QAAA will further increase by the underlying assets through the expansion of the ongoing, NI43-101 certifications on the already existing, and new allocated areas.

in the beginning of the activity of Qommodity there were 4 areas, out of which only 1 was evaluated to a small extent through the accredited geologists of ABMAV with the NI43-101 standards, that revealed an in-ground value of resources of 5 billion USD. As we decided to issue the token at USD 0,10 we generated a total of 50 billion tokens. The price of the token is based on Real World Assets values as the supply and demand in the market . At this stage we have not even evaluated 20 % of the total areas in possession despite adding new areas on an ongoing basis

A total of 50 billion tokens have been created of which 10 billion will be sold on the market. The rest will be held by the treasury of the company for further purchases of prospective licenses, Acquisition, expansion of exploration/ mining companies etc.

QAAA can not be transferred to a bank depot unless it has been purchased through the ISIN. If you want to see your QAAA in your bank depot together with your other traditional financial products, you need to exchange your QAAA against the ISIN.

The ISIN number is for specific investors who are not willing or able to buy the QAAA as an Asset Backed Securitized Token, but need to buy a traditional financial instrument. The Asset Management of Qommodity is licensed and located in Switzerland. When a potential buyer indicate the purchase of the ISIN, we arrange a meeting with the Asset Management in Switzerland, confidentiality and individually.

We will advice the moment of finalizing this process

The ISIN is a traditional financial instrument which is issued bank- to bank through the Swift protocol. The QAAA is a securitized Asset Backed utility token. Both are representing the asset values behind the Qommodity project. On a monthly basis there is a fixing between the value of the ISIN and QAAA for future seemingly exchange of both instruments

https://www.lbank.com/trade/qaaa_usdt/

When an Investor wants to buy the ISIN financial instrument, a meeting is been setup with our Asset Management in Switzerland to discuss the details for the purchase. This process is done individually and confidentiality.

Those partners are mentioned on the website.

No

Dubai

Do you hold your QAAA in the backoffice of Assetbench, ie office.assetbench.io? Over the last few months, we have been made aware of new information, and we discovered a lot of disturbing facts. Facts that not only disappoint us but also force us to act to protect Qommodity and the righful token holders. For people who hold their QAAA in the back office of Assetbench will most likely be confronted with the effects of the reversal of the QOMX/QAAA conversion, as explained in the October Newsletter. Qommodity will establish who is a legitimate Qommodity QAA/QAAA token holder. A legitimate token holder is a token holder whereby the sale of the tokens resulted in revenues within Qommodity or one of its subsidiaries. Any exchange transaction of QOMX into QAA/QAAA without generating revenues within Qommodity will be reversed. For all questions related to the QAAA/QOMX reversal, people need to turn to the issuer of the QOMX and NOT to Qommodity. Every “old” QOMX investor knows where they have transferred their investment or who was in charge/responsible for the QOMX project. In this case, to our information, it is Mr. Michael Ungar as the legal representative of GBI/SBG and/or Red6 as back-office administrator. Contact details for Mr. Michael Ungar-GBI-SBG: micha@gbi.technology Do you hold your QAAA in the backoffice of Qommodity, ie my.qommodity.tech? For people holding their QAAA in the back office of my.qommodity.tech, there was an initial vesting period of 12 months communicated. Due to the irregularities with QOMX and irregularities with the transfer of accounts between the office.assetbench.io and my.qommodity.tech backoffice Qommodity is forced to extend the vesting period in order to protect Qommodity and the token holders. As explained in the October Newsletter, Qommodity is in the process of cleaning up the irregularities and reverse the QOMX/QAAA conversion as part of it. The implementation of a new back-office is part of this process. A new release date will be announced after the new back-office is implemented.

For people holding their QAAA in the back office of my.qommodity.tech, there is an initial vesting period of 12 months from the date of the official swap from QAA to QAAA, ie 1st of November 2022, such is conditional to volume and liquidity in order to safeguard the position of all investors and guarantee of the asset backed value as foundation of the token. So as of 2nd of November 2023, you would be able to send out your tokens to any other wallet of yours or to exchanges, where you can then trade the token

To reset your password, you need to send the following details by email to: info@qommodity.io - Account Username - Official ID copy - To specify if account is in Assetbench or Qommodity

Qommodity fully obeys the GDPRS requirements at any time. So there is no blocking at any stage from the side of Qommodity. In case Qommodity was made aware of fraudulent activities and received the necessary proof for that, only then Qommodity will block the access to the account.

Qommodity wallet value is always aligned as per the Exchange rate on Lbank at 16:00 UTC.

Go to www.qommodity.io and click on register

You can sell QAAA OTC, ie you can find someone who is willing to purchase them from you and you do the transaction via “send to a friend”. In such deals we do not take any responsibility for the counter party and no party from this OTC deal can hold us liable for, in case one of the parties in the transaction is not fulfilling their part of the transaction obligation

For people holding their QAAA in the back office of my.qommodity.tech, there is an initial vesting period of 12 months from the date of the official swap from QAA to QAAA, ie 1st of November 2022, such is conditional to volume and liquidity in order to safeguard the position of all investors and guarantee of the asset backed value as foundation of the token. So as of 2nd of November 2023, you would be able to send out your tokens to any other wallet of yours or to exchanges, where you can then trade the token.

For people who hold their QAAA in the back office of Assetbench, there is no defined date at this moment when the wallet will be opened for sending QAAA to the blockchain or sell the tokens on an exchange (eg LBank). We will advise you the moment the decision has been made, for when the tokens are unblocked.

Yes, your conclusion is a correct one. We are determined to “protect” the community for a significant price erosion on the token. On the other hand, if the community would prefer this to happen, we will concede at the end of the day when the time would be right. There would be a tremendous erosion of value if people want to cash all at once. Especially those who were favored from the QAAA as a result from the QOMX and Protector era. That’s why these token are segregated in AssetBench at this stage.

The tokens are tradable. So when people want to sell they can do so within the backoffice. That facility is supported. Your qualification of coins stuck is a matter of perspective. Those tokens can’t be traded on the exchange for distinctive reasons that have been explained multiple times.

Qommodity wallets are not blocked. Those wallets have nothing to do with the AMC.

The ambition is to open the backoffice at that date. The tokens would then be tradeable on the open market against market value.

There is no timeline defined for the QAAA in AssetBench at this stage. The QAAA in AssetBench are a liability taken by Qommodity for the investments done in QOMX and Protector long before Qommodity was in existence. None of this invested money have been received by Qommodity . It's a tremendous investment of Qommodity to sustain these tokens. Qommodity has all the liabilities and no upside on any of them. We have done this to protect previous investments in previous token. It's a suggestion of Qommodity where we see little or no gratitude for.

The majority of the complaints are done by people who want things that are not possible. The company who is responsible for the AssetBench backoffice is the same company who is responsible for the Qommodity backfoffice. All requests for Qommodity are handled by the team of Qommodity and there are no outstanding issues. With regard to questions for AssetBench and the questions that cant be adhered to, there probably will be not coming any answers. When the markets are opened for both Qommodity and AssetBench the facility can be merged technically.