Crowdsale Set Jan. 18 For PinkCoin, The First Diamond – Backed Cryptocurrency
BitGem Asset Management Ltd. (BAM) and its parent company, Precious Investments Inc., will launch a crowdsale for what they call the first diamond-backed cryptocurrency, PinkCoin, an Ethereum-based cryptocurrency backed by a pool of fixed-colored diamond assets. The crowd sale begins on Jan. 18, 2016 at 9 a.m. The escrowed diamonds are insured by Lloyds of London and have been independently appraised.
A PinkCoin token initially will represent a fraction of the diamond pool’s set valuation. The fraction will represent 1 USD of the initial set valuation.
The companies said the diamond pool will be valued on a regular basis.
https://www.cryptocoinsnews.com/crowdsale-set-jan-18-pinkcoin-first-diamond-backed-cryptocurrency/
