Cdiamondcoin is a certified stable diamond coin which comes under the class of cryptocurrencies with each coin weighed at 0.04cts of a diamond. This stable coin acts as a security token which sets into the role of reserve currency and is a part of derivatives.
The main objective of Cdiamondcoin is to create a transparent diamond market that can be traceable, reliable, and responsible. It is a diamond network project with its key purpose to solve volatility problems by using block-chain technology thereby fulfilling the whole diamond industry requirements in a most secured way.
The project is digitally executed through step by step process which involves 5 phrases and 2 tokens for sale- Utility token and security token (stable coin). The process includes;
The expert data will allow every diamond buyer to know exactly what they buy. This project will determine the true price, promote transparency, future traceability of gem, and determine mine of origin. It provides diamond buyers ample of expert level information that makes it easy for all those who do not possess enough knowledge on diamond trading or cryptocurrencies. Let’s have a detailed look on the above process.
Diamond Origin Verification Service
To create a baseline for every mine in the world diamond samples are collected and tested with which information are gathered creating a digital DNA for diamonds. When a buyer wants to trade in diamonds can easily get access to information from the pool of data created.
The key features of Verification Service include;
• Tested in physical laboratory
• Developed in a legal certification center
• After testing and adding to diamond database, a digital gemstone passport/ certificate is provided.
• The time taken to analyse is less than 1 minute.
• Diamond origin once verified adds up to 20% of the value.
• The tested gems are listed in Marketplace
The income model/fees
• The fee for each diamond is framed with the support of SCS
• The amount is collected in the form of DPT (Diamond Platform Token)
Digital Diamond Database
The digital diamond database is closely connected with Diamond verification service by providing complete information about the diamonds to the DPT token holders. The fee amount is formulated in coordination SCS and is collected through DPTs.
The Diamond Verification Service and Digital Diamond Database are being developed by SCS Global Services also called as SCS is a research center based in the USA which fundamentally works on a Non-Disclosure agreement.
The SCS as the ultimate right to use laser technology which is supported with sophisticated, proprietary-software with the help of artificial intelligence. It can link any diamond back to mine. As of now, the SCS has tested 7 mining’s with more than 50,000 diamonds.
The Marketplace is of B2B or B2C platform which acts as a catalog for investment in the diamond sale. It is where buyers and sellers get connected to trade in diamonds. Before selling, the following parameters are followed to list the diamonds in the sale.
• The diamond undergoes a laser test which is then added to the diamond database
• A digital certificate is issues
• The diamond will get evaluated.
Key features of the Marketplace are;
• Only certified partners can sell their products
• The marketplace has its own search engine which shows product category, location, and many other criteria.
• The database consists of two-way link
a) If the gem has been in the database before the relevant information such as digital pass can be reviewed.
b) Once the sales operation has been done, the database is updated for further reference.
• The amount fixed for the diamonds are listed in CDC (and ETH/FIAT)
• The price fixation is mostly done by the seller. If possible, the buyer can check historical prices or compare with similar diamond prices or compare the sales price with the price fixed at the evaluation process.
• Once the diamonds are bought it can either be kept at Diamonds Network Bank Vault or can be directly given to the buyer.
The income/fee can be paid in the form of DPT (Diamond Platform Token).
Diamonds can be viewed free of charge but if require information such as country located, owner, price comparison, and others needed to pay a certain amount which is quite a small charge.
CDC (Certified Diamond Coin) Stable Coin
CDC is a standardized token which each CDC values 0.04cts with a price worth of $35. The price includes Rapaport value + Insurance cost + Packaging costs. The Certified Diamond Coin is a;
• Hybrid token
• Security token + Payment token
• Acts as Reserve currency and Stable coin
CDC is a financial derivative which come under Financial Regulations and the Anti-Money Laundering Act.
Let’s take a look at some of the features of CDC.
(i) Asset description and Physical Asset Management
The worth of CDC market value is always ascertained with a diamond. The CDC requisites include;
The Diamond Network tends to hold asset not just with 0.04 cts but also as investment diamonds. The value of investment diamonds is likely to increase over the period of time and are bit volatile. The assets are reviewed by Diamond Networks once in three months.
If there is an increase in market value of diamonds in stock, the CDC token will be raised and stored in the cold wallet. Also, the Diamond Network uses the gained value and tokens in different ways such as;
• Sell it to gain funding for charity or cover the operational or development cost.
• Pay it to CDC token holders as bonuses to gain trust and licence.
If there is decrease in the value of diamonds in stock, CDC will be burned or additional diamonds are bought equilateral to the CDC amount generated.
(ii) Asset security and protocol of proof of existence
• The diamonds are well packed with highly secured cases produced by Italian company CERTILINE which is then stored in automatic Bank Vault operated wholly by Robot.
• The diamonds are under high level security system with backup of original data which is insured and audited once in three months.
• The protocol of proof of existence consists of hash code of pictures, secured on the blockchain.
• The fees are charged in DPT tokens with a transfer fee of 0.12%, yearly maintenance fee of 0.3%, and Redeem fee of 0.5%.
Diamond Platform Token
Diamond Platform Token (DPT) also called as Utility Token is the object of ICO which gives access to the platform and its services. It is neither a derivative nor is backed by any assets. The main objective of DPT is to serve the purpose of accessing the digital rights to Diamond Network and its services on a blockchain-based infrastructure. With DPT, the buyer can access to various information about the diamond such as origin verification certificate, digital diamond database, CDC diamond coin, and marketplace.
The DPT Token is not an investment option and does not guarantee any profit which means no dividend being paid. Moreover, it also does not guarantee of returning the capital. The token comes under governance function where token holders have the right to participate in the decision-making process on Project Development via Voting.
The amount collected for Utility Token can be used to cover the fees for the services provided. The DPT is accepted as a payment tool only by the Diamond Network and is not acceptable by the third parties. Although it is not applicable as payment tool by others, the owners of the DPT token can change from time to time.
The token will have a precision of 18 decimals which follows ERC20 standard for interoperability and ERC21 for the token supply regulation. With 10,000,000 DPT tokens generated the fee amount for the same will remain the same. However, the new tokens if needed to be issued can be done only after token holder community votes.
- Token Pre-sale-10%
- ICO Main Sale-30%
- Token Sale through time- 30%
- Advisors & Partners- 10%
Pre ICO- Price for Early Investors
30% discount from ICO price (e.g) 3.5$ per 1 DPT
Main Sale Start Price is Planned
5$ per 1 DPT
Step by Step Method of DPT Token process
Diamond Platform Token Chart
The founder of the project has first started his research about crypto currency market in the year 2017. The realisation of the project was first made in October 2017 since then the first Development project phase has started.
Phase-1: Set up of Database (Service 1) and Verification Centre (Service 2) to DPT token holders. Also, Database link to other services is created
2nd Phase: CDC Stable coin (Service 3) is issued (After the Licencing of Financial Market Authority);
3rd Phase: Marketplace platform was made available for DPT and CDC token holders
4th Phase: Charity trust fund
First Phase Development Roadmap
May 1st 2017 Q3 — Project started
Jan 1st 2018 Q1-Q2 (Jurisdiction search)
• Core team formation
• Business concept development for Diamond Network Platform
• Technical specification for Marketing & amp; communication strategy
June 20th 2018 Q2-Q3 (Database Functionality)
• Fee model development
• Webpage development (ecosystem)
• Permission manager/ DPT token/Exchange dev
• Configuration storage/Diamond fingerprint tech dev
July 1st to Aug 15th Q3 (Private & Public token sale)
Sep15th 2018 Q3 (CDC Licensing)
• Project approval from Financial Market Authority (Liechtenstein)
• Incorporation of Diamond Network Ltd
• CDC token/DPass/CDC exchange dev
• Setting up a homepage for sharing information to closed group
• Database Development in cooperation with SCS Global Services
Nov 1st Q4 (Laboratory set up EU)
• Setting up research laboratory and verification centre
• First phase for Database Development Service available.
The Key benefits of having a Stable coin
• Secure CDC tokens in cold wallet which is fully automatic Bank-Vault operated by Robots to avoid risks due to the human factor.
• It is fully managed by Ethereum Blockchain with unique laser technology and artificial intelligence algorithm.
• The CDC stable coin is released only after gaining the Financial Market Authority issued a license. It is a standardized derivative with no chance of avoiding Regulations.
Main Team Description
(Security & IT Manager, Co-founder)
(Strategic Development Lead, Co-founder)
(Backend & Smart Contract Developer)
(Project Managament & QA)
External Experts Team
(Ecosystem & Smart Contract Development)
(Initial Blockchain & Engineering Strategy)
BVBA TOM Ltd
VSAI “LATVIJAS PROVES BIROJS”
(Gemmological Testing & Certification)
(Designer & Corporate Style)
For more information check the links given below
Bounty Thread: https://bitcointalk.org/index.php?topic=5027467.0
Bitcointalk ID: @siva1978
Platform username: sivaa259