Audited Reserves
We are committed to enhancing transparency of our stablecoin reserves, as outlined in our BUBURUZA BANK Product and Service Launch Roadmap:
- Stablecoin Backing: Audited reserves for Synthetic Dirham (sAED) and Synthetic Yuan (sCNY) will be published online once this feature rolls out, confirming total reserves match all issued stablecoins, ensuring a 1:1 backing.
- Periodic Audits: Independent audits will be conducted regularly (e.g., quarterly), with cumulative results shared publicly after implementation.
- Client Assurance: Once available, you’ll be able to check the latest audited reserve report online to confirm the overall backing for your sAED or sCNY deposits, providing trust in every transaction as per our plan.
Operational Clarity
Our operations are visible through AI and blockchain:
- Blockchain Logging: Key activities—stablecoin conversions, token buybacks, and profit distributions—are recorded on a blockchain, providing a traceable record of your $50K transfer or reward payout.
- AI Oversight: AI calculates daily revenue (from fees, subscriptions, interest) and redistributes 100%—70% to token buybacks, 20% to share buybacks, 10% as cashback—with 99.8% accuracy in anomaly detection.
- Clear Operations: Track your $100K deposit or referral rewards through your account dashboard—key actions like conversions and distributions are logged on the blockchain for visibility.
- Smart Contract Efficiency: AI-driven contracts automate escrow, loan disbursements, and rewards, reducing processing times by 80% and logging each key step.
Audited Shares
Transparency extends to our capitalization structure, as per our roadmap:
- Share Details: Our 100 million shares—80% (80 million) held by the bank, 20% (20 million) public—will be audited and published online once this feature is rolled out, offering insight into our ownership and market presence.
- Capitalization Cycle: Daily token buybacks, driven by our 20% token stake, boost share value—audited data will reflect this growth, visible to all after implementation.
- Institutional Insight: Once available, audits will provide clarity for institutional investors tracking our expansion, as per our plan.
Why This Matters to You
- Verified Reserves: Future access to audited reserve reports will confirm the total backing for your stablecoin holdings, ensuring reliability.
- Clear Operations: See key actions—like deposits or rewards—logged on the blockchain, accessible in your dashboard.
- Trusted Ownership: Upcoming audited share reports will give you a clear view of our structure, empowering your decisions.
How We Ensure It
- Global Standards: We adhere to international regulations like FATF, Basel III, and others, ensuring compliance with anti-money laundering, capital adequacy, and financial stability frameworks.
- Blockchain Records: Key operational data is stored on a blockchain—tamper-proof and reviewable.
- AI Precision: Real-time oversight, aligned with regulatory standards, maintains accuracy and flags issues instantly.
- Future Audits: Online publication of reserve and share audits will keep us accountable once rolled out as planned.
Transparency in Action
- Deposit: Inject 5 BTC—AI logs the conversion to sAED or sCNY, with future audits confirming total reserves.
- Transact: Send $50K in sAED—blockchain records it, verifiable in real time.
- Earn: Refer a friend—AI credits your 5% reward, tracked and logged.
- Grow: Stake BUBURUZA Tokens—watch buybacks lift capitalization, with audited share data forthcoming.
Built for Your Confidence
Transparency at BUBURUZA BANK means audited reserves, clear operations, and verified shares—all backed by global standards like FATF and Basel III. With AI and blockchain providing visibility into key actions, and upcoming audits enhancing trust, you can bank with certainty. Ready to experience this level of openness? Join BUBURUZA BANK today.