Carats.io is a diamond marketplace
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What is Carats.io
Carats.io is creating the first financial market for diamonds. Using their state-of-the-art algorithm, Carats.io have developed a means to standardize prices for these non-homogeneous gemstones, creating the foundation for a diamond-backed digital currency.
Carats.io applies a sophisticated algorithm that compares individual diamond grade to daily market conditions, thereby achieving the often-elusive goal of objective and consistent pricing. Carats. io’s partnerships with international diamond dealers are used to amass safe, audited reserves of diamonds. These are used to issue digital credit quickly and effectively, audited resreves are quickly and effectively issued thier due in digital credit. The digitization achieves highly reliable accountability, stability, and fungibility, allowing the polished diamond industry to establish a consumer crypto currency, the CARAT Token, backed by our private, digitized reserves of diamonds.
By commoditizing the diamond market, Carats.io allows end users to redeem their tokens in the real-world diamond market without relying upon the hard-to-find expertise. Rather, they can trade with a more familiar less volatile, and entirely asset backed CARAT Token. The global ledger of the blockchain further detaches dealers and institutions from banks, affording previously impossible forms of value exchange.
CARAT is an ERC-20 standard-based Ethereum token.
DetailsToken supply: 2,000,000 CARAT
Soft cap: 2,000,000 USD
Hard cap: 30,000,000 USD
LegalBlockchain Platform: Ethereum
Country limitations: USA, China
Registration country: United Kingdom
Token infoTicker: CARAT
Token standard: ERC20
Token price in USD: 1 CARAT = 1 USD
Accepted currencies: ETH, Fiat
The idea was born.
Released Diamond Pricing Algorithm (DPA) Beta.
Announced Israel Diamond Exchange (ISDE) partnership.
officially deployed DPA.
Officially launched Diamond Financial Index (DFX).
Hold first Token Generation Event.
Establish Diamond Standard monetary system.
Establish CARAT Token based financing ecosystem