INTRODUCTION
On a daily basis, the world is being transformed by different technological innovations that make living better and smarter, making the achievements of the past twenty years alone dwarf the combined technological leap of the past centuries put together.
A LITTLE THROW BACK:
Since the inception of bitcoin in 2009, which was introduced by certain Mr. Nakamoto Satoshi, the idea of using a cryptographic ledger called the Blockchain become the new and innovative way of doing financial transactions. The acceptance increases on a daily basis and today, it is on record that there are over 1580 different cryptocurrencies globally and available market to the number of 11220 market caps reached at the sum of $254 040 853 775. Either way, today, the cryptocurrency world is birthed and is now with us and also gradually bringing a revolution in the way the various aspects of life are been accessed and used.
THE CHALLENGE:
Reflecting on the figure reached as stated above, one could be tempted to become very excited to have our confidence in cryptocurrencies boosted but the sad news is that crypto market is not stable; it is very fickle in terms of prices. As much as there is high profit, there is also high loses.
THE WAY FORWARD: DIAMOND
Stable coin has to be injected into the market and Diamond Network Project has this as the solution to offer an end to volatility problem faced in the crypto-community. Each of the said stable coin will be secured by a diamond of 0.04carat.
There are four services rendered by Diamond Network Limited and they are as follows:
Before I proceed to give details of the services, I like to bring to your notice that there are two tokens on the Diamond Network, First is the DPT (Diamond Platform Token) this is a utility token and will serve as a gateway pass and also other services for users to enable them pay fees. It is the main token of the Initial Coin Offering.
Second token is known as CDC (Certified Diamond Coin) which is valued at 0.04 carats, a homogeneous yet crossbreed security token. CDC has double functionalities; used as a security and payment token, satisfies the role of reserve currency and stable coin. CDC also inspires the Financial Market Regulations and the Anti-Money Laundering Act. Token will be issued by Diamond Network after getting the license to do so.
Now let’s get the detail of each service
• Digital Diamond database: this serves as storage of data for every diamond that is linked with Diamond. It stores information for each tested diamond, those listed on market and each certified Diamond Coin.
• Diamond origin verification service: The Origin Verification advantage is very much connected with the Database progression and besides offered as a deal for the DPT token holders. Gem Network will accumulate the valuable stone models from all over the world to set the measure for each mine on the planet, making an electronic DNA library in the Database, which will allow to track back to mine each gem on the planet.
• Marketplace: Marketplace will be a B2B/B2C platform, which interfaces purchasers and dealers, it is an index of catalogue of diamond available to be purchased. To list a jewel available to be purchased these means must be made: Parametrization. Laser test, the standard for the particular precious stone is set up and added to the Database etc. for additional details refer to link: https://cdiamondcoin.com/media/Strategic_White_Paper_DN_V.3.pdf
• CDC stable coin: CDC is an acronym for Certified Diamond Coin. It is a crossbreed token: it has a dual purpose as security and payment token; satisfies the job of holding cash and stable coin; CDC is an institutionalized token: 1 CDC is 0.04 cts and its esteem is $35, the cost dependably speaks to the Rapaport appreciation in addition to the bundling costs, protection costs; CDC is viewed as a subordinate, it underlies the Financial Market Regulations and the Anti-Money Laundering act as such can only be launched after acquisition of license.
In conclusion, the positive changes we desire in the crypto market and community annot be achieved overnight, investing in this project is a step in the right direction ensuring that the goal is stabilizing the market is reached for all.
Thanks for reading, don’t forget to follow us on the different social media usinf the provided links below.
Terminology:
• Stable coins: They are class of cryptocurrencies that seek to maintain price stability with respect to a value indicator and the indicator in this case is the USD.
• Rapaport: Rapaport (the measure of worth of a diamond)
DIAMOND NETWORK:
https://cdiamondcoin.com
https://cdiamondcoin.io
https://facebook.com/Cdiamondcoin
https://medium.com/@Cdiamondcoin
https://twitter.com/cdiamondcoin
https://github.com/trialine
https://www.reddit.com/user/Cdiamondcoin
#CDiamondCoin @cdiamondcoin
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