The ZapTrap Coin Appraisal Authority is an internal three (3) member commission appointed by the governing body of the Prescott Preserve, the property upon which the ZapTrap Club is located.
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The CAA is responsible for appraising wagering coins, setting initial wagering coin values, as well as monitoring, reporting, and (when it becomes necessary) adjusting the current market value of the ZapTrap Wagering Coins.
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The three (3) appointed Governors on the Coin Appraisal Authority are the only authorities with the power to approve, deny, suspend, or terminate the licenses of club proprietors and investors on the Round Values Market (RVM).
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The Governors of the CAA are the only authorities with the power to issue fines for violations of the ZapTrap rules and the regulations of the RVM.
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The CAA operates with complete transparency, reporting it’s earnings from licenses, fines, and other levies on earnings or payouts every month.
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Once per year, the CAA will issue a State of the Round Values Market report where it will summarize it’s official data for the previous 12 months. This will often include the total number of cases for the year, a summary of the most prolific case for the year, a list of all official decisions and against whom, month to month breakdown of wagering coin values, total of all wagering deposits, total of all payouts, highest and lowest payouts and to whom, and detail any changes in regulations within the previous 12 months as well as any upcoming changes to rules or regulations.