Bitcoin Forum

Hi, do you plan any airdrops?
Thank you.

I heard the diamonds only have value because of the fake market monopoly

There is Etherereum Diamond airdrops, is this also different from it?  Before I see an Ethereum back by gold and its XAU but it is heavily dump right now.. Hope Devs here present a good and clear explanation about its roadmap and whitepaper. I am eager to review it, as this is promising project.

Diamonds have been known to hold intrinsic value for 1000s of years and there is no indication that it will
change in the near future. Obviously its a lot to do with people perception, as if people will stop consider
diamonds or gold valuable, it will lose all its appeal, but lets face it its not going to happen simply because humans
always need some asset of intrinsic value in times of crisis, inflation, as diversification of their investment, etc.

As for monopoly, its a quasi-monopoly where prices are controlled by few, so in this regard value/prices are unlikely to
drop as it will simply mean no profits and bankruptcy for companies involved. In this situation investors are more
safe, as market is not likely to fluctuate a lot due to speculation.

1) Supply and future emission will be strictly limited to support value of DIMND, so no airdrops will be available
2) All future emissions will only be exclusively available for initial investors in the project, this is also done to secure investors interest in the future
3) DIMND will not only be backed by diamonds. Investors will be able to redeem DIMND for physical diamonds (each DIMND will be 0,001 carats worth) so in case of price drops investors will be able to avoid loses by transferring DIMND to diamonds and selling diamonds.
4) Prices of polished diamonds are expected to grow at a rate of 4%-6% annually up until 2030. So for those who don't want to be involved in everyday trading, DIMND can also mean long term investment.

I didn't found information about airdrop (i just read about airdrop in the post above) or bounty campaign.. Do you want run anything like that in the future?
Such campaigns are always very helpful in promoting the project.
Good luck!

Nice project with best good idea.

Thanks Dev

interesting too, surely it will be very much on the lookout for airdrop. airdrop planning is likely to be very influential on the market and the investors, see the number of projects now in airdrop, whether this project will also be like that ;D

Good project. I'll Be Watching  :-*

There is no plans to introduce airdrops before or during Pre-ICO, but depending on general interest it is something we do also consider in the future.

interesting project sir. reserve indonesian translation if needed

So who hold the diamonds physically and any token can redeem this to get real diamonds or not?
I didn't find any information about dev please share this important details who is behind this?

And what is the soft and hard capt of the project? And Is it predicted date to be listed  exchange after the token sales? What is the project roadmap?

1) Diamonds will be stored in vaults in Freeport location.
2) Minimum number of tokens to redeem is set to 400. This amount can be redeemed for 0.4 ct diamond. Diamonds purchased and stored will be from 0.4 to 1.5 cts. Those are most in demand and therefore will have better liquidity for investors.
3) Information about dev is available in the whitepaper. Team consists of blockchain and website developers, as well as diamond industry professionals. Project will be overseen, advised by Lucid Rocks limited (retailer/wholesaler of polished diamonds). Lucid Rocks Limited will also handle diamond purchase, storage and management in the future.

PRE ICO dates  - 7th of November - 10th of December
PRE ICO hard cap - 20.000 DIMND tokens available worth 20 carats. Price of each DIMND is set at 0.025 ETH


ICO dates - mid January
ICO hard cap: 2 000 000 DIMND tokens (representing 2000 carats) will be issued (100 000 of which will allocated to key partners and developers). The rest 1 900 000 of DIMNDs will be available during ICO.Price is 0.03 ETH

ICO will be held in January, exact dates will be available before 1st of December 2017.

Further emission will be limited to 200 000 tokens annually. Only those who participated in pre-ico and ico (and some hand picked industry professionals) will be available to purchase tokens after emission.

Here is Road Map:
2017 4TH QUARTER:
Development of pre-sale website
Preparing ICO
Pre ICO limited sale.
2018 1ST QUARTER:
ICO Launch and sale of limited number internal tokens
2018 1ST / 2ND QUARTER:
Start of full-scale platform development
Purchase and storage of physical diamonds in a secure vault
2018 4TH QUARTER:
Alpha testing of the platform
Launch of beta version
Listing of DIMND token on digital currency exchanges
2019 1ST QUARTER:
Full-scale platform launch
Emission and sale of yearly limited amount of DIMND tokens

OmG. I think you guys just captivated me with this your project. Is there any minimum requirement aomunt to invest into the upcoming pre ICO

This'd be a case of two Decentralized Assets, Cryptocurrency and Precious  metal merging together to offer a more secure asset ownership and further  strengthen decentralization.
  Brilliant idea I must confess!

Wondering if your company would be the sole owner and distributor of the diamonds for the DIMNDS. And how you plan to deal with the case of investors's total tokens exceeding the total number of  diamonds owned by the company.

You are selling real or artificial diamonds in ICO? If you could guarantee the safety of your vault where you are keeping them and prove they are not artificially produced in labs, It would help with noob investors like me :D
Do they cut diamond with diamond or use something else? because diamond is the hardest thing in the world.

This is valid question how to prove these diamonds are real and have good value to invest in them. When the details will be out for shipping procedure what it will be cost and how you will make this process to deliver the original product to a person?

This is a very good project I just want to say hopefully this project will be successful.

1)Minimum investment is 1ETH
2)All diamonds will be natural diamonds, every single diamond will be certified by Gemological Institute of America (most trusted non profit organisation in the industry). thus ensuring that every diamond is natural and not treated, as GIA des not certify artificial or treated diamonds.
3) Vaults are located in Switzerland Freeport location, the centre for keeping diamonds and precious assets. It features top security and safety regulations. Furthermore there will be yearly vault audits by third party and those audit results will always will be available to investors to check so that everything is transparent and investments are secure.
4) Number of DIMND tokens will never exceed number of diamonds stored, emission and supply will be strictly limited so each DIMND token will always be represented by 0.001 carats.
5) In case investor will want to redeem DIMND tokens for diamonds we will ensure that he gets the diamonds via secure courier service, investors will be responsible to cover shipping cost, however due to small size and light weight of a package, the shipping cost will not be high at all, it will vary from around 50USD-150USD depending on the country of destination.

Exiting project, any plans of an airdrop?

Not during Pre-ICO no, airdrop may be available after ICO itself, depending on general level of interest

Looks nice. Any bounty program ?

There will be a discount, as one DIMND token will cost 0,025 ETH during pre ICO and 0,03 ETH during ICO.
There are no bounty programs planned, since every DIMND token will have some intrinsic value and represent 0.001ct.
Today average market price of 0.001 ct is around 10 USD -12 USD, so as you can see the price of each token is very very market competitive.

Looking at the Op, something caught my attention and that is the part where reference was made about the delivery of live diamond all over the world for dmind tokens. My question is however centred on the fact that, diamond itself is an expensive product which people oil to even have a portion as small as a finger. How do you intend to ship it across the world with the various ports being manned by individuals that their behavior cannot be guaranteed.

The standard practice in the industry is to ship via insured courier service. So we intend to use the same method. Its fast, cost efficient and secure.

Unusual project
Do you plan to base your tokens on real diamonds?

Yes, real certified natural diamonds, each token will represent 0.001 ct

Thank you for your response and being timely as well. In the course of doing that, I mean implementing the process of getting those diamonds to me, do you have some specific businesses like the shipping company and the insurance company you are purposely partnering with to make this happen at the cheapest amount considering the value of that is being transported from one place to another.

This will be beautiful if Dimnd teams keep they words. I like the place I read that the physical diamond will be distributed or deliver wordwhile and this will also attract others to invest in this great coin. I have read the white paper to some level and after completing I will do explain to my teams if we can invest on this token for long term interest. I believe this is another face of our cryptocurrency development.

We all know that the biggest % of ICOs do not have a chance for success, but this project seems to me interesting and perspective. It is something unique! I can't wait for the start, unfortunately I didn't safe to much for some promising investment yet, but I would really like to participate in it.

DIMND CEO is Managing Director of Lucid Rocks Limited, a company that is wholesaler and retailer of loose diamonds.
So all necessary connections and infrastructure is already set up for the project to succeed.

Good to hear that everything have been setup in other for this great project to succeed but the pre ICO day why isn't it up to at least a week?

The diamond industry has roots going back thousands of years, so it’s no wonder that to this day it is under strict control. The day-to-day workings which are self-sufficient coupled with the very old, solid traditions of those in the diamond world help to maintain its stability. It is a very closed system in which major diamond producers organize price stability to maintain their profit margins. For them it is a very simple matter; if too many diamonds are produced, mines are closed or diamonds are stored before they are released. If there is not enough demand, stored diamonds are released to stimulate demand. Rarity is created to maintain the high price of diamonds.

This is why investors looking forward to DIMND token; the first alternative currency build on Ethereum blockchain and backed by gem quality, polished diamonds. Because the diamond world is not controlled by governments or financial giants they cannot be affected by local politics or too much government oversight. All diamonds will be stored in secure vaults in a Freeport location, meaning that investors can benefit from being VAT exempted for their initial investment. This also means that investors can rest assured; their investment is in an industry that has always put the privacy and security of their investors first, which is why they have enjoyed such a successful existence throughout the years.

https://coinidol.com/dimnd-token-a-stable-industry-giant/


https://coinidol.com/upload/resize_cache/iblock/6e8/900_900_1/6e886bfcfce681a80bd997e52fbe2059.jpg

Where is your team located btw?

Unsold tokens will be eliminated by smart contract to ensure value of all tokens sold

We are located in UK and India.

DIMND token offers a different kind of investing experience within the alternative currency arena

As fear about governments stability rise, so does an investors desire to move their money into investment vehicles backed with a solid rise in earnings and free from government reach. Alternative currencies are one of these investment vehicles, giving individuals the ability to put their money into markets which have seen a dramatic rise in value. For example, a $100 investment in Bitcoin in 2011 would see an increase by the end of the year of $1,573.32. Because of this the excitement about the new DIMND token backed by physical diamonds is palpable. “Diamonds are bought for adornment. However, people can consider investing in diamonds from a long-term perspective as demand is only likely to grow,” says Bacchraj Bamalwa, Director, All India Gems and Jewellery Trade Federation.

The DIMND token is a Ethereum token on a blockchain network. Its difference lies in the fact that each token is backed by a gem-quality, polished diamond held in a secure vault located in a Freeport location. What this means is that investors will benefit from being VAT exempted for their initial investment. And while financial crisis may hit in many different forms, the diamond market remains stable as the supply and demand is tightly controlled. The forecasted rise in demand for diamonds means that a savvy investor can see a rise in their investment by 4% to 6% annually. Because the DIMND token is backed by a luxury commodity, it’s possible to see a faster rate of return on the digital currency exchange than the traditional methods of investing.

Smart contracts are used for the DIMND tokens, assuring a secure, trusted and privacy oriented platform. Eliminating the need for third-party intervention, smart contracts will calculate the amount of yearly DIMND token release and its price based on industry averages. Using smart contracts and blockchain technology gives the investor complete privacy, and assurance of a secure transaction.

The new DIMND token offers a different kind of investing experience within the alternative currency arena. Investors can exchange their DIMND tokens for gem-quality, polished diamonds whenever they wish.


https://www.coinspeaker.com/2017/11/01/dimnd-token-blockchain-technology-brings-investment-diamonds-together/ (https://www.coinspeaker.com/2017/11/01/dimnd-token-blockchain-technology-brings-investment-diamonds-together/)

Alternative currencies are becoming a part of everyday life, particularly in countries that become unstable. Take for example 2009, when the currency in Zimbabwe collapsed and its citizens began using talk-time minutes as a way to purchase and barter for goods. But it doesn’t take the collapse of any one currency to understand why alternative currencies can be useful and even in some cases safer than a government currency. The DIMND token has taken the idea of alternative currency and added extra value, by using gem quality diamonds as its backing.

The DIMND token is what is known as an Ethereum based token, adhering to the standards of the Ethereum network. The large and considerable difference between other Ethereum tokens and the DIMND token is the fact that each token is backed by a gem quality diamond. You may ask, why use an alternative currency? And the answer can be many; for some, the privacy of an alternative currency is their goal. Unlike traditional currencies where every move is tracked and traced, alternative currencies can be used anonymously. For others, it is a question of profit. For example, BerkShares is a currency that the people of the Berkshires region of Massachusetts have created for their local economy. You may only use these BerkShares in Berkshire County, and you can purchase one full dollar share for only 95 cents. That five cents can add up if you purchase enough shares; buy $475 worth of shares and you have $500 of buying power.

In the case of DIMND tokens, your investment is backed by gem quality diamonds which are forecasted to rise in value by four to six percent annually. You also have the advantage of the diamonds being secured in a Freeport location. For investors, this means they will benefit from being VAT exempted for their initial investment. And while the industries surrounding diamonds may be affected by financial crises, the diamonds themselves often remain stable. This is in large part because the supply of diamonds is heavily dictated by the suppliers themselves; unlike gold which can be recycled and resold.

Once the function becomes available, those who purchase DIMND tokens will be able to use them for daily trading on digital currency exchanges. One may also choose to diversify their investment portfolio with DIMND tokens because, as stated above the expected annual return is between four and six percent.  Because DIMND tokens are backed by physical property (diamonds), potentially it can also be adopted and used as collateral for purchases in the industry. Each DIMND token will represent a fraction of a diamond carat; a carat is a unit of weight, and is equal to 0.2 grams. Each carat can then be subdivided into 100 points. If an investor wishes to redeem their tokens, they may do so for the equal worth of carats in diamonds at any time they wish.

http://www.newsbtc.com/2017/11/02/alternative-currencies-dimnd-token/ (http://www.newsbtc.com/2017/11/02/alternative-currencies-dimnd-token/)

DIMND limited pre ICO sale has begun
visit https://dimnd.io (https://dimnd.io) for details on how to participate.

Need german translation? contact me!

Fact about Diamond. To produce a single one-carat diamond, 250 tonnes of earth
needs to be mined which is a testament to just how precious and rare diamonds are.

DIMND, the pre ICO is on and you have the opportunity to exchange your DIMNDS into physical diamonds which will be deliver worldwide and the pre ICO will end in 4days.

Note : Invest into your kids future

Having visted the website and realize that its just less than 4 days before the pre-ico will end, I tried participating but the only way to do that is through ETH which is something I found a little bit stress because I have to go through an exchange to have some of those. Also, the minimum amount of investment which is 1ETH and that is about $300+ which is equally high. But you have your reasons to have chosen that as a bench mark though.

What is the next thing after the end of the pre-ICO?

There plan for 2017 4th quarter are preparing ICO and pre ICO limited sale. However, you will the information you're looking for at the road map section on their website and their pre ICO date have been extend to 10th Of December or until hard cap is reached if you haven't enroll yet.