In the last decade, cryptocurrencies have become an integral part of the global economy, during which time a huge number of coins and tokens, including stable tokens, appeared. Stable tokens in dollars, euros, gold are represented on the market, and now a stable token is being developed and implemented - a certified diamond coin that contains 0.04 carats of diamonds.
The value of diamonds has been valued for decades, and this industry is worth one hundred billion dollars. Only the annual turnover of the mining industry is more than 12 billion dollars.
The project will contribute to transparency and will determine the mine of origin, the true price of the diamond and ensure the future traceability of the gemstone. The Diamond Network will collect diamond samples from around the world to establish a baseline for every mine in the world, creating a digital DNA library in a database that will track every diamond in the world.
The platform will use a DPT service token and a stable CDC token.
The token utility called DPT - Diamond Platform Token, provides access to the platform and its services; DPT will also be used to pay service fees. DPT is the subject of ICO. Database use will be free for DPT token holders; The token will have a management function - token owners can participate in the decision. Decision making process related to the development of a project by voting.
The CDC, denoting Certified Diamond Coin, is 0.04 carats of diamond. CDC is a hybrid token: a security token + a payment token; serves as a reserve currency and a stable coin.
The goal of the project is to create a fully transparent diamond market that is traceable, reliable and responsible. The Digital Diamond database and the Gemstone origin verification service are being developed in collaboration with the research center SCS Global. An origin authentication technology connects any diamond back to any mine, once the baseline is established, it is supported by sophisticated artificial intelligence software. To date, SCS has tested more than 50,000 diamonds from 7 deposits.
I think to make this platform a great idea, because now there are a lot of speculative instruments on the market, but in any case, every investor has a large part of the assets in less volatile instruments, the value of which has been proven for more than one century.
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