Looking at the reviews of those, who are interested in the project, we realized that we need to create a compact and as clear as possible article describing the main idea of the project and all the advantages, because our participants have questions even after reading the «White Paper». This is quite normal, because any new business is not clear at first and requires a clarification of the many aspects.
This article will be a brief and concise information about all the advantages of our ideas. However, if you still want to immerse yourself in the study of the material without any abbreviations and simplifications, then we strongly recommend you to get acquainted with «White Paper» and pay your attention to our streams (which are available only in Russian). If you still have questions after studying all this or you just don`t want to spend a lot of time on streams, then this article is for you.
Each Certified Diamond Coin (CDC) coin is provided with a 0.05 carat diamond. 95% of the ensuring consists of INVESTMENT DIAMONDS (about which a little bit later). Their price starts at $ 5,000 and higher (much higher). In the future, it is planned to enter the partnerships with banks, which will allow paying by CDC and exchange coins for your national currency in one click, without any help of exchangers or stock exchanges. It will be possible to place diamonds to various jewelers on the platform, which will be very profitable for them.
This is a brief description of the scheme of our project, so we will talk about this in more detail.
Idea of CDiamondCoin
The project has several goals:
• To bring a stable and reliable tool to the cryptocurrency market.
• To create a tool for the most secure capital preservation. Investors should not worry about the fact that at one moment their account will be frozen or part of their money will depreciate the inflation / financial crisis.
• To allow payments with a cryptocurrency at the household level, without any help of exchangers or stock exchanges.
• To create a convenient platform for jewelers who will be able to place their gems on it and enjoy the benefits of the platform (this will be a separate service).
Let’s go in order and talk about first item.
Of course, at the moment, cryptocurrencies have gained a huge share of popularity not because of their breakthrough technology, but because of the huge volatility and opportunity to earn tens and hundreds of thousands of percent. However, volatility at the same time became a deterrent to the development of a new class of digital assets and their adoption in the «real world». In general, this is fair, because of the high fluctuations of prices in the transaction there will always be a party, that loses during the exchange. Today you sold the car for bitcoins and received 10 BTC, which cost $ 80,000, but tomorrow, when converting cryptocurrency into fiat, you can easily get not $ 80,000, but $ 75,000 or less. There were cases in the history of Bitcoin, when it fell by 17% in just 3 hours or 27% per day. Yes, such abrupt failures have not been observed recently, but there are no guarantees that they will not be repeated again. Even now, Bitcoin has enormous volatility and therefore is not suitable as a means of payment.
Therefore, the goal was to create a stable and reliable coin for trading, mutual settlements and capital preservation.
There are already many stablecoins, so why not use them and «not reinvent the wheel»?
At the moment, there are a lot of stablecoins in the cryptocurrency market, but all of them have significant drawbacks that overlap the advantages.
The most popular of them is Tehter (USDT). It does not fall into the role of a stable and reliable coin, we have described the reasons in this article.
If it is very brief and abstract, then:
– Low level of company frankness.
– Constant problems with audits.
– The technology, that Tehter uses, does not allow to demonstrate maximum openness and transparency.
– The product makes many questions. Yes, it has been buried for a long time, but this is not unreasonable. Clouds are gathering stronger above the dollar. As many know, it is afloat as long as it is used by the whole world, but for a long time many countries have wanted to abandon it, for example Russian Federation, China, and Brazil. But if they really start to get rid of the US currency, how will this affect the value of stablecoins like USDT? Let them have the same binding in the 1×1 ratio, but their purchasing power will clearly become several times less.
– Tehter is ensured by the dollar, but the dollar is secured … How is it secured? US economy? I think there is no need to explain that ensuring the dollar (whatever it is) is extremely unreliable.
Ensuring of our coin and why this is the best solution
Why the choice fell on diamonds and why this is the ideal subject of collateral – we discussed in detail in this article, we highly recommend reading this.
– Investment diamonds have very low volatility, sometimes even quarterly (the price changes once a quarter).
-In times of economic upheavals and crises, diamonds lose the least value and save their value. For example, during the crisis of 2008, gold lost approximately 30% in price, platinum 60%, and the fall of diamonds did not reach more than 15%, while the indicator of high quality is even lower.
– Each diamond is unique as a fingerprint. They may have the same characteristics (weight, faceting, etc.), but each stone has a personal identification code. Due to this, the market becomes completely transparent, which is impossible to achieve with gold or dollar. The platform will feature all the diamonds ensured by the CDC. Each diamond will have its own identification code and you can order each (of course, in exchange for your CDC).
When you receive a stone, you can check this code (scan the barcode) and thus verify that the diamond was sent to you. This system completely excludes the fact of fraud, because if a diamond is not sent, but it is listed on the platform, then the company is manipulating capitalization and it will immediately reveal.
100% transparency is achieved through this approach, which cannot be achieved with other traditional assets like fiat currency or gold.
– Diamonds are not a renewable resource, the amount of which is finite. There is need to put a lot of effort for the extraction and processing of a diamond. All this makes value to the asset.
– There is is the fact among the already less significant dignity that the gems are not large and the state of $ 100 million can be placed in a small safe or conveniently transported somewhere.
In the interim result, I would like to note that gold, dollar and other assets are more volatile, more susceptible to economic shocks and do not allow for full transparency.
At this point, we would like to stop in more detail. Probably most of you have never heard of Investment Diamonds. For many, this is just a decoration, costume jewelry, but certainly not a financial asset that allows saving money or even increase it.
Indeed, small diamonds that are inserted into jewelry lose more than half the price after they are purchased from a jeweler. But there are also «investment diamonds», the name of which speaks for itself. Such gems cost, as a rule, from $ 5,000,but very high quality ones cost from $ 100,000.
For quite a long time, many competent investors hold a substantial part of their assets in these stones and they have never failed in their entire history. Why do you still not know about this asset if it is so good? Maybe because it is not beneficial for influential people of this world to advertise such tools? They are much better off if fewer people know about such assets. We need to understand, that the financial markets do not receive money from nowhere and do not disappear into nowhere. If you have somewhere less money, then someone they added. This is a trivial law of the redistribution of capital, which works especially well in crises. It would seem that everyone is losing at this time, but it is not so, it is at this very moment that someone has more money.
Cryptocurrency in daily life
I think that every cryptoinvestor who sometimes puts money in Fiat faces problems or at least inconveniences. In order to bring cryptocurrency into your national currency, you need to use exchanges, exchangers, and sometimes you need to use both at the same time. Firstly, it takes a lot of time, and secondly, you need to spend money on a commission, which sometimes reaches 5%.
Our company will enter into an agreement with banks and will give you the opportunity to pay by CDC at the household level, even without any help of exchangers. Everything will happen by using the application. However, even if you need exactly your national currency, you can exchange the CDC for it in a few clicks and with a minimum commission. This will be a huge step towards of the cryptocurrency development in the «real world».
Safety and security of your funds
Security is a key requirement when it comes to finances. We understand this as no one else and therefore we paid great attention to that, so you do not worry about your money.
The company is registered in Estonia and fully operates in the legal field. Therefore, if you want to exchange CDC for diamonds, then you will need to go through the verification procedure. If you only keep electronic coins, it is not required.
The collateral diamonds will be stored in the heart of the diamond industry – in Antwerp – in a safe under security. For even higher security in the future, assets will be placed around the world. In any case, they will be insured, of course.
Your funds cannot be freeze or reset (as in traditional banks), because the blockchain, on which we work, does not allow this. In which case, the person who owns the CDC should receive a diamond when applying by law. The company has no right to give it back, because from the point of legislation, the owner of the CDC also owns a precious stone.
Exchange of CDC for diamonds
As we have already mentioned, one CDC equals one diamond 0.05 carat (approximate price – $ 40). But 0.05 carats of diamonds will be 10% of the total circulation, the remaining 90% will be investment diamonds (with a price tag of $ 5,000). But, for example, if you have 200 CDCs and for some reason you wanted to get a diamond in your hands, then there is an opportunity to exchange 200 CDCs for both 200 diamonds, 0.05 carats, and several expensive investment diamonds. For example, you can get one stone for $ 7,600 and 10 stones for $ 40.
CDC coin and DPT token
All this time we have been talking about the CDC stablecoin, however, the project has another token- DPT. It was one who was distributed to investors as part of ICO and it is available for purchase on stock exchanges now.
DPT is the project’s internal volatile currency. It was created to raise funds during the ICO. Essentially, DPT is a link between investors and the platform, because it is necessary for:
• Commission fees;
• Placing diamonds on the platform (Jewelers will be able to place their gems on a separate service platform).
• It is also planned to launch a number of other services that require the use of DPT.
DPT can be considered as an investment tool. We appreciate our investors and will make every effort to support this asset. For this, the commission received in the DPT tokens will be burned.
Thus, together with the growing popularity of the platform, the demand for DPT will grow, but at the same time, its supply will be directly proportional to decrease.
At the moment, DPT is trading on several exchanges, the functioning of the platform is basically impossible without it.
What does our project offer?
• The ability for each person to keep assets in truly reliable instruments.
• Pay for cryptocurrency and exchange money for the national currency in a few clicks, without any risks of locking the wallet.
• Minimal chances that your money will loses its value.
All this will soon become a reality. All world jewelers will have the opportunity to place diamonds (certified) on the platform with minimal commissions and great amenities for sale. Ordinary people will be able to keep their funds in truly reliable assets and without any risk of blocking the account, besides, there is no more necessity to sell CDC on the exchange for getting the fiat currency that you need. All this can be done in the application in a couple clicks.
I really hope that with the help of the above information, you will be able to assess the prospects of this direction. Combining the latest blockchain technology, a highly reliable asset and the real world, we are getting a financial instrument of a completely new level, which nobody can offer now.
UPD: A demo version of the platform is available now and you can test it following the link: https://demo.cdiamondcoin.com/marketplace/