Atlantis Blue is a brand new startup looking to create a stable marketplace for a mineral called Larimar that it’s only found in a volcanic region of the Dominican Republic. The gemstone is considered one of the greatest assets in the region since it’s only found on the island. While it’s very cheap to trade and sell between locals on the Caribbean nation the mineral can have a commanding price outside of the country considering the number of legends surrounding it about its healing properties and the obvious beauty it carries that makes it desirable to design and create custom made jewellery with it.
The Choice of Blockchain and the Token Utility
Atlantis Blue is building their ecosystem using the Stellar Blockchain network; the option was hand-picked by the developing team because it offers the best options of scalability as well as one of the most attractive prices for transactions using the in-house platform. The system’s economy is powered by the use of Atlantis Blue Digital Tokens, nicknamed ABDT for exchange purposes. The company will issue 400 million ABDT and will offer at least 75% of them in their public sales. Users who want to partake in the sale and trade of Larimar Gemstones on a global scale can get access to these tokens since a single one will represent a single gram of Larimar graded AA+.
Bringing Balance to a Diverse Playground
Atlantis Blue is taking this course of action because the team behind the company has gathered enough expertise to understand how the market for Larimar stones is expanding with each passing year. The disparities present in the current trade method are affecting the sale of the stone on foreign markets negatively. Atlantis Blue is looking to change the way things are done by letting a digital platform dictate the real value of each Larimar gemstone since the essential trade process creates a parity of a single token with a gram of Larimar. When a buyer makes a transaction, the token holder will create a request to the system’s AB exchange service that will handle automatic payment to every party involved in the process of extracting the stone.
The Way to handle Transactions with the AB Exchange
After paying deductions that will go directly to the arcs of the government of Dominican Republic I the form of taxes that will not go up over 18%, the shipping process will take place. The more tokens are spent, the more Larimar Stones the user gets. Since the gems follow the standardised cataloguing process based on grades, the user can ask for cheap stones with lower grades or first-rate pieces that need little to no polishment. Since the AB exchange will exist in physical form, the user can always choose to deal directly in the country and choose to either handle their shipments on their own or send them using the country’s services. The tokens used to make final sales will be segregated for accounting processes and will not be reused or reissued after they are used.