Blockchain-Based Diamond Exchange CEDEX Launches Token Pre-Sale

CEDEX guarantees to bridge the hole between the normal diamond business and revolutionary monetary markets. For the primary time, basic traders might have the chance to confidently spend money on diamonds as they might in different conventional property.

Historically, diamonds have resembled gold and different treasured metals as a gentle retailer of worth. That stated, there are just a few important points that proceed to forestall diamonds from being an possibility for the typical investor. Until not too long ago, there weren’t any sensible options to these points, and it appeared that the huge potential of the diamond market would stay largely untapped.

Now, that’s lastly set to alter. With the arrival of cryptocurrencies and their current surge in recognition, innovation is spreading to every kind of different functions. CEDEX is a type of revolutionary tasks – a blockchain-based diamond trade with a novel method to the diamond monetary market.

First, it’s vital to grasp the problems that the diamond business presently faces. Those are an absence of transparency, lack of liquidity, and lack of standardization.

The diamond enterprise has a prevalent “closed shop mentality” that makes it nearly not possible for anybody who’s not “in the know” to grasp how a diamond is valued and to gauge its true value. This leads to an absence of clear and clear pricing, hindering the power of basic traders to buy diamonds with confidence.

There’s additionally an absence of liquidity that plagues sellers who attempt to get a good market worth for his or her stones. The downside is that diamonds are primarily offered to finish shoppers in a one-sided transaction. This skewed market mechanically locations anybody who owns a diamond at a extreme drawback in the event that they wish to resell it. So a lot so, the truth is, that the majority resales incur a lack of 30% – 50% of the market value.

And lastly, it’s vital to notice that diamond pricing has a whole lack of standardization stemming from the truth that diamonds aren’t fungible. Each diamond is exclusive, and its worth can’t be decided from anybody metric by itself.

As a consequence, the typical one that simply needs to find out a diamond’s worth must take it to knowledgeable appraiser. The appraiser then subjectively assesses the worth primarily based on the 4Cs of diamond high quality: colour grade, readability grade, reduce grade, and carat weight.

Those are the three issues which were holding the diamond market again for years. CEDEX addresses all three with an innovation and multi-faceted answer.

Part 1 of the answer is CEDEX.com – the trade platform that brings collectively the 2 sides of the diamond market with no intermediary. CEDEX makes use of Ethereum’s blockchain know-how and sensible contracts to trustlessly implement the phrases of transactions between diamond patrons and sellers.

On the provision facet of the market, the trade platform serves as a brand new distribution channel for present diamond sellers, in addition to a manner for personal diamond holders to resell their diamonds at fairer costs than they might hope to get in the present day. On the demand facet, CEDEX has attraction to basic traders who might purchase diamonds as a hedge in opposition to inflation and the inventory market, in addition to cryptocurrency traders who might spend money on a much less risky crypto asset.

The second, fully novel a part of the answer is the DEX. If diamonds are going to be as straightforward to spend money on and commerce as different conventional property, there must be a manner for anyone to effectively and precisely appraise a diamond’s worth. That’s the position performed by the DEX. It’s a machine studying algorithm that was created as a way of transparently and coherently evaluating diamonds, with a pricing accuracy fee of over 99.5%.

The DEX appraises three predominant components of every diamond. First, it analyzes information collected immediately from the Gemological Institute of America (GIA) to be able to assign diamonds with a gemological “score”, representing its gemological purity. Then it assesses the parallel composite, which signifies how uncommon the actual kind of diamond is. Finally, it accounts for the diamond indices composite, utilizing globally revealed indexes to supply traders with insights in the marketplace’s route.

For cryptocurrency fans and traders, transparency and trustlessness are completely important. CEDEX establishes new requirements for these components within the diamond market, exhibiting the advantages which can be potential for tokenization of further real-world property like inventory, actual property, and different commodities.

CEDEX Coin Token Pre-Sale

Investors who take part within the upcoming token pre-sale will capitalize on the perfect alternative to get CEDEX Coins at a low value earlier than the decentralized trade goes stay in Q3 and transforms the diamond market. Participants who purchase the primary 10% of obtainable tokens will obtain a 30% bonus. After that, patrons of the following 40% of obtainable tokens will obtain a 15% bonus.

The minimal contribution for the token pre-sale is 1 ETH. There won't be a minimal contribution for the following basic token sale.

To analysis extra concerning the CEDEX mission, you possibly can learn their whitepaper and look by means of the mission web site. There’s additionally a lightpaper in the event you’re quick on time. Finally, you may get extra concerned within the CEDEX neighborhood on Telegram, Facebook and Twitter.

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