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D1 Coin

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The D1 Coin is a virtual currency built on the Ethereum blockchain. A fractional value of investment grade diamonds backs D1 Coins. With the value of the D1 Coin being a function of not just market forces but also the importance of natural diamonds, owners of D1 Coins benefit from enhanced downside protection as they can exchange their D1 Coins for investment grade diamonds at any time.

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Overview

Project industryBusiness Services & Consulting
Product typeService
FoundedSingapore

What is D1 Coin

WHAT IS D1?

D1 is named after M1, a term from economics, which refers to the base monetary supply, i.e. all the cash and equivalent circulating in the economy. D1 represents the diamonds circulating in the economy, which have an estimated market value of USD 1 trillion. In one US Dollar you own a small fraction of the total M1 of USD 3.62 trillion; in the D1 Coin you own a fraction of institutionally-certified, securely vaulted stock of high-grade diamonds. The D1 Coin is a diamond-backed token, with each D1 Coin pegged to the value of a fraction of an authentic, natural diamond, a proxy for ownership of a share of the world’s diamond reserve that has proven to be 100x more resilient to devaluation than US Dollar.

The fundamentals of the diamond market are impressive. According to Bain & Co, within the next decade a supply gap will emerge that is larger than today’s total global production of diamonds.

Diamonds also have the potentioal to become more sophisticated too. A diamond will carry a lot of precious information about its provenance on the blockchain. Imagine you are a loving father and you’d like to offer your daughter a diamond. What would you say if that were not just any diamond, but a gem that after billions of years underground saw the light of the day exactly on her birthday? This additional information will differentiate individual stones one from another, make possible collections, auctions, emphasise rarity, enrich numerology and astrology, and open up whole new aspects of diamonds resulting in growing demand for natural diamonds.

Last but not the least, demand is set to explode. In the 60-ies Japanese were buying any diamonds; in the 70-ies they acquired the Western practice of buying engagement rings with diamonds and within a decade Japan had become the second biggest diamond market in the world after the US. What is currently happening in China and India is history repeating itself, but on a scale that is 10 times larger.

D1 is using modern technology to make ownership of diamonds easier, faster, and a lot more fun. And it opens the world of diamonds not only to those with USD 10,000 or more to spare, but also to those with USD 10. An important difference between dollars and diamonds is that Governments can’t print diamonds when they need to.

D1 Coin is a digital reflection of a brilliant, valuable and treasured natural wonder – the polished diamond.

Details

Pre-sales: Oct 15, 2018 - Mar 01, 2019
Public sales: Nov 01, 2018 - Mar 31, 2019
Token supply: 10,000,000 D1

Legal

Blockchain Platform: Ethereum

Token info

Ticker: D1
Token price in USD: 1 D1C = 8.5 USD
Accepted currencies: ETH
Bonus program:
$8.5 – for each Token from 1 to 2.500.000,
$9.0 – for each Token from 2.500.001 to 5.000.000,
$9.5 – for each Token from 5.000.001 to 7.500.000,
$10.0 – for each Token from 7.500.001 to 10.000.000,

D1 Coin Roadmap

1
August 2017

Project Idea Soft Market Test

D1 Project has its first media response.

2
September 2017

Diamond Procurement Confirmation

Initial volume of diamonds for tokenization are secured with leading Diamond producers (Alrosa, KGK, Kristall).

3
October 2017

Smart Contract Deployment

Smart-contract developed by the team and passed two independent audits.

4
March 2017

Advisory Board Establishment

Leaders of Dismond industry and seasoned international professionals from the financial and fintech are engaged as advisory board members.

5
May 2018

Approval of the project's documentation

During the June, lawyers approved and verified the whole project's documentation.

6
June 2018

Diamond Reserve Procurement for Pre-sale Customers Completed.

7
July-August 2018

Closed Pre-Sale for Accredited Customers

Subscription by accredited large-scale customers.

8
September 2018

Discussing the listing conditions with crypto-exchanges

D1 team contacts representative of the top 10 exchanges to get additional information about the terms and conditions of the listing.

9
October 2018

Opening of the White List

Subscription by general customers.

10
November-December 2018

Awareness campaign

During 2 mmonths, D1 will be gathering a community among the innovative idea of Diamonds tokenization.

11
Q1 2019

Token Generation Event

The opening of smart-contract, accepting payments of the White-List subscribers, issuing and distributing D1Coins to Customers.

Project team

Hogi Hyun
Hogi Hyun
D1 Founder & Director
Hogi Hyun linkedin
Jeff Wentworth
Jeff Wentworth
D1 Technical Director
Jeff Wentworth linkedin
Bill Claxton
Bill Claxton
D1 Operations Director
Bill Claxton linkedin
William Metcalfe
William Metcalfe
D1 Technical Director
William Metcalfe linkedin

Advisors

Sandeep Kothari
Sandeep Kothari
Advisor
Alexei Chekunkov
Alexei Chekunkov
Advisor
Alexei Chekunkov linkedin
Bernard Lunn
Bernard Lunn
CEO of Daily Fintech
Bernard Lunn linkedin

Social media

D1 Coin web-siteD1 Coin RedditD1 Coin MediumD1 Coin TelegramD1 Coin TwitterD1 Coin Facebook

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