Pratiwi Kusumaningtyas: CDIAMONDCOIN

We will provide Article to present the “ CDIAMONDCOIN” project to potential platform participants and those who are interested in contributing to its development. The information listed below may not be complete and does not imply any contractual relationship. The main purpose is to provide information to everyone, so that they can determine whether they are willing to analyze the company with the intention of obtaining token or invest.

Global polished diamond demand at wholesale level was accounted for almost $22 billion in 2014. The total value of the diamond jewelry market worldwide was some 80.1 billion U.S. dollars in 2016, showing an increase of approximately one billion U.S. dollars from the previous year. Unfortunately, diamond industry is still known for its problems and human rights abuse. Diamonds have funded brutal wars in countries such as Angola, Central African Republic, the Democratic Republic of Congo, Liberia, and Sierra Leone, resulting in the death and displacement of millions of people. There is a reason they are dubbed ‘Blood Diamonds’ or ‘Conflict Diamonds’.
Due to difference in social costs and natural costs the diamond price per carat, depending of the country of origin, can vary even 300% from the average, but after grading it is almost impossible to tell where it is from if the origin is not known. We believe that the diamond buyers have the right to know exactly what they buy — The Project will promote transparency and allow to determine the mine of origin, the true price of the diamond and provide future traceability of the gem.

The hope of joining the This project is very big for us, before you join it will be better if you understand the project besides it will add to your insight and improve information for you especially understanding the project’s vision and mission so that it adds to your trust in.

Video about CDIAMONDCOIN :

Main purpose of Diamond Network Project is to solve the volatility problems, using blockchain technology, in order to create a new type of cryptocurrency — stable coin, where each issued coin will be secured by a diamond of 0.04 carat.

Which stands for Certified Diamond Coin is equal to 0.04 cts of diamond. CDC is a hybrid token: security token + payment token; fulfils the role of reserve currency and stable coin. CDC is considered a derivative, it underlies the Financial Market Regulations and the Anti-Money Laundering act. Diamond Network will release the token only after acquiring the License.

SOLUTION

Totally transparent diamond market that will be traceable, reliable and responsible. Digital Diamond Database and Gemstone Origin Verification service is being developed together with the SCS Global Services (Further SCS) research centre based in USA.
Origin Verification Technology links any diamond back to any mine, once baseline is established. SCS has the exclusive right of using this laser technology. It is backed by sophisticated, proprietary-software powered by the artificial intelligence. With the common goal of setting up the baseline (Diamond DNA) of each mine in the world SCSand DN are establishing a cooperation. So far more than 50 000 diamonds from 7 mining’s have been tested by SCS.

Diamond Network

DPT utility token
Marketplace
CDC Stable Coin
Digital diamond database
Diamond origin verification

Benefits

Socially responsible ICO — registered Company and Financial Regulator approved token generation event for DPT
No avoidance of regulations — CDC stable coin is a standardized derivative and will be released only after obtaining Financial Market Authority issued license.
No centralized Database management — fully managed by the Ethereum blockchain;
Secure Cold Wallet storage for CDCs;
Physical asset safe storage in fully automated Bank-Vault managed by a robot. No human factor;
Asset digital and physical traceability — proof of existence protocol, safe case packaging and quarterly audit;
Unique laser verification technology and Artificial Intelligence algorithm used, instead of simple empirical data and 4C algorithms, to evaluate and establish the origin of the diamond.

DPT Utility Token

Diamond Platform token is the object of ICO. DPT is a utility token and is not backed up by an asset, neither is considered a derivative, and is not meant to be exchanged to a di erent token later. The sole purpose of the token is to confer digital access rights to the Diamond Network Platform and its services on a blockchain-based infrastructure. DPT gives access to — the digital diamond data base, origin verification service, CDC diamond coin and Marketplace. More detailed information about the services can be found in the next section — Platform business model description.

The token has no investment function and does not give the right to profit (no dividends are paid), also does not promise to return the capital with or without a guaranteed return. The token will have a governance function — the token holders can participate in decision making process related to the project development via voting.

The token will be used as a Fee currency to cover the Fees for the Services. DPT is accepted as a payment tool only by the Diamond Network, but not by the third parties, it is not meant to be a payment tool, although the owners of the token can change. More information about the Fees can be found by each service description.

10 000 000 DPT tokens will be generated, the amount is meant to be fixed, but the function of issuing new tokens and burn existing ones will be integrated. New tokens can be issued only if the token holder community votes for. According to this, the token will follow the ERC20 standard for interoperability and the ERC621 standard for token supply regulation, the token will have a precision of 18 decimals. The owner’s data will be stored in the blockchain.

CDC Stable Coin

The standardized security token called CDC which stands for Certified Diamond Coin is equal to 0.04 cts of diamond. CDC is a hybrid token: security token + payment token; fulfils the role of reserve currency and stable coin. CDC is considered a derivative, it underlies the Financial Market Regulations and the Anti-Money Laundering act. Diamond Network will release the token only after acquiring the License.