The following are major products found within the Diamond Network:
1. DPT utility token
It is important to mention that DPT is the object of ICO. This is a utility token that is not supported by any form of an asset. This token is not derivative hence cannot be exchanged to a different token. As a utility toke, DPT will be used as the primary currency within this ecosystem. This means that it is the key to access to Diamond Network Platform as well asits services on a blockchain based set-up. This token will also give you access to the digital diamond database, CDC diamond coin, origin verification service as well as the marketplace.
It is worth mentioning that this token does not give holders the right to profit but can only be used for governance functions thereby the holders will be allowed to participate in decision making regarding the project development that will be done through voting.
This token will be used as a fee currency to cater for services’ expenses. In simple reality, DPT will be used as a medium of exchange within the Diamond Network but not by third parties, only registered users.
2. Marketplace
Diamond Network create a transparent, traceable, reliable and responsible marketplace that will be used to perform Business to Business as well as Business to Customers thus it will connect sellers as well as buyers as it is a catalog of investment diamonds for sale. This will ensure that stability is created within the Diamond market.
3. CDC Stable Coin
CDC is a hybrid token that acts as a security token as we as payment token that fulfills the role of reserve current as well as stable coin. 1CDC is worth 0.04 carat and has a value of $35. It is also serious to note that this token is derivative and it shall only be released to market after Diamond Network has acquired a license.
The CDC token will be used for the following:
- As a payment token and a small transaction fee will be applied.
- As a reserve currency as holders can acquire it to keep their funds safe, non-volatile cryptocurrency through a small fee will be applied.
- Can be redeemed to physical 0.04 carat from the DN
- You can also exchange CDC for an investment in the marketplace, for instance, you can purchase investment diamonds from certified partners using CDC.
4. Digital diamond database
It is crucial to state that Digital Diamond Database will be established as well as used to store the information regarding diamond that goes through any other service that is available in Diamond Network.
5. Digital origin verification
Diamond Network also offers the Origin verification service that is closely linked with the Database development. It’s also offered as a service for the DPT token holders. This product is going to help with the collection of all diamond samples from across the world thus setting up a baseline for each mine in the world, create digital DNA library within the Database which will be used to trace back to mine of every diamond that you can ever come across
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