THE FIRST EVER CERTIFIED BLOCKCHAIN DIAMOND EXCHANGE.
AN OVERVIEW OF CEDEX
Over the years, the emergence of financial innovators has issued a wide variety of financial instrument which has given investors the exposure to many asset classes.Today, we have top investors investing in precious commodities such as Gold, oil, and also precious metals. But now, the question is “has anyone given into the thought of diamond investment”.Sure! lots of investors has actually given into this thought of investing in diamonds but they can not invest as a result of the fact that diamonds are not considered as financial asset class and also because the diamond industry is not transparent making investments unsafe because without being an expert, you can not tell the true value of what you possess. Looking into the diamond market with its massive turnover of over $80 billion annually, its actually worth investing in but it is so unfortunate these problems has served as a barrier to potential investments. Now, imagine there was a way you can buy, sell and also invest in diamonds with full transparency of the market? Yes it is possible. On this note, i will be discussing an exchange which proffers solution to these problems.
CEDEX
The name of the platform is Cedex. Cedex is the first ever certified blockchain based diamond exchange platform enabling everyone to buy, sell and invest in diamonds. On Cedex, the value of diamonds are rated based on their asking price or bids. Through the use of blockchain technology, cedex lets you invest in diamonds just like other financial assets out there.
Just as explained earlier, Cedex solves the problem of transparency. How it does this is through Cedex integrated machine learning algorithim called Dex which rates diamond asking price. With this, everyone can transact in the market without being a pro. Also, Cedex solves Lquidity problem. It does this by creating a two sided market by enhancing both the demand and supply side of the market. Lastly, Cedex solves problem of standardization. Obviously there are no two diamonds that are alike, they may differ in shape, size etc.. Now looking into standardization, Cedex will create a single benchmark for each diamond category. With this, the rates of different diamonds in different categories can be easily understood.
On cedex platform, a diamond holder who wants to leverage or liquidate holdings, a single diamond can be uploaded or uploaded as a high-value stone that can be sold as a shared investment or as a basket of diamonds for multiple shareholders. With this being uploaded, a smart contract is created which rates the diamond and makes it simple to invest. One interesting aspect of this project is the fact that diamonds can be delivered to your doorstep through Cedex platform in just one single click. On the Cedex platform, the Cedex coin will be used as a means of trading cryptocurrencies for diamonds, pay for insurance, and also for delivery.
About Token sale and distribution
The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached. The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000. During the public sale offering, up to 50,000,000 Tokens will be offered for sale. CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins.
Currently Cedex token sale will be ending in less than 8 days.
Presale and Bonus
Participants in the pre-sale and sale will receive special bonus as indicated below:
Pre-sale up to 10% of total CEDEX Coin — 0.3 CEDEX Coin for each CEDEX Coin purchased.
First day of sale up to 40% of total CEDEX Coin — 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT).
Use of Funds
To learn more about this project, Visit:
Website: https://cedex.com/
ANN thread: https://bitcointalk.org/index.php?topic=2371651
Telegram: https://t.me/joinchat/Fu9Tng8MwZ574gdVPt1eSw
Brightdhykseen: https://bitcointalk.org/index.php?action=profile;u=1048662
@originalworks
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