Certified Diamond Coin is a standard token created on Ethereum blockchain and backed by diamonds of 0.05 carats or more.
CDC can be used for depositing and safeguarding capital, as well as for making payments. CDC pricing is based on diamonds. This delivers a stability guarantee that is absent from similar stablecoins linked to financial instruments.
Cdiamondcoin OU team has developed a hybrid solution to improve the transparency and reliability of the diamond market, as well as a solution for the cryptocurrency market, offering a stable cryptocurrency backed by diamonds.
The stability of our CDC cryptocurrency is ensured by linking CDC cryptocurrency to diamonds with 0,05 carats or more, which are not subject to wild fluctuations and provide steady growth even in the time of crisis.
Transparency is ensured through the use of blockchain technology, which forms the basis of our platform, and the specific feature of gemstones, i.e., a unique identification code, GIA, which is engraved on every diamond of at least 0.3 carats and allows anyone to verify that the diamond exists and is genuine.
Reliability will be delivered through the means of a transparent platform available to anyone to exchange CDC for diamonds. We will create an instrument for safeguarding capital. Every customer will have a choice – to buy CDC and keep them, safeguarding their deposit from inflation, to carry out transactions or to exchange, at any point in time, their stablecoins for a corresponding amount of diamonds, or to convert them into any national currency at a currency exchange office.
The chief aim of the project is to solve the volatility issue and create a transparent diamond market. The first objective will be achieved by offering stablecoins with a more stable asset class – diamonds.
Diamond market transparency will be ensured by the use of blockchain technology and the unique gemstone tracing technology.Read more
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