Certified Diamond Coin is a Stable coin that is focusing on creating stability in Cryptocurrency market. Each of this coin is backed up with 0.04 cats of the diamond. This coin acts as security token hence plays the role of the reserve currency that is why it is considered as a derivative.
Diamond Network is mainly committed to creating a totally transparent diamond market through the adoption of blockchain technology hence the involved partners will be able to trace their transactions hence making this market reliable as well as responsible.
The diamond project is also focusing on solving the volatility problems through blockchain technology of which it is targeting to create a new cryptocurrency which will be regarded as “stable coin.” As a matter of fact, each of this will be secured by a diamond of 0.04 carat.
According to a research conducted by Diamond Network, it is clear that most people in Diamond market understand the concept of stable coins, but it is clear again that a good percentage of these people do not understand the technology behind the stable coins.
That is why the Diamond Network project will look into the diamond industry needs as well as services as well as digitalize the services one by one. The project is going to be executed in 4 Phases, and two types of the token will be availed for sale; security tokens as well as utility tokens.
This project is going to offer the following services:
- Diamond origin verification service
- Marketplace
- CDC stable account
- Digital Diamond database
The utility coin will be referred to as DPT, and it will be the medium of exchange within this ecosystem, and it will be used as well to pay the fees for the services.
The standardized security token will be referred to as CDC and is equal to 0.04 carat of diamond. This is a hybrid token that is considered a derivative. The token will only be released after its license has been acquired.
It is worth mentioning that Diamond Network cares for other people as well that is it is working on a charity Trust Fund which is going to invest in the development of the diamond origin countries such as India and South Africa.
As mentioned earlier, cryptocurrency is quite volatile and also one of the most lucrative markets out there. You can invest today and become a billionaire the next minute, and you can also invest your billions today and lose everything the next minute that is why Diamond Network is going to make a big difference by introducing a standardized, stable coin that is slightly volatile and has a value of 0.04cts.
As mentioned earlier, the Diamond Network project is offering a suitable solution which will be a transparent diamond market that is traceable, reliable and responsible.
Its system will be powered by other than blockchain; it will also employ artificial intelligence to make sure that your safe and your assets as well especially when on this market.
Official links for more details,
Website Link : https://cdiamondcoin.com
Whitepaper Link : https://cdiamondcoin.com/media/Strategic_White_Paper_DN_V.3.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4981604.0
Twitter Link : https://twitter.com/cdiamondcoin
Telegram Link : https://t.me/cdiamondcoinru
Reddit link : https://www.reddit.com/r/cdiamondcoin
Facebook Link: https://www.facebook.com/Cdiamondcoin
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2386203
