Digital Currency powered by Ethreum, represented by Diamonds
Smart contract blockchain
Manoj Patidarr - founder
Mohammad Vashim - founder
DIMND will be developed on Ethereum blockchain. Each DIMND token will be represented by physical diamond (0.001 carat), those will be bough and stored on behalf of investors in secure vaults, with diamonds prices going up at 4%-6% a year, DIMND can be considered as safe long term investment, or short term trading mechanism once its listed on exchanges.
There are also plans to introduce DIMNDs to the diamond industry where is can be an extra security when it comes to trading (most trading is done on credit and DIMND can be a collateral mechanism having real intrinsic value), For all the investors extra security will always will be there as DIMDNs can be redeemed for natural polished diamonds.
DIMND is basically a blockchain and token-based diamond investment. That acts as a possible advantage, as the token won't be vulnerable to cryptocurency market fluctuations. DIMND tokens are represented by a fraction of real diamond. Diamonds will be physically stored in secure vaults. Investors will have the opportunity to change the tokens for equal worth of carats in diamonds at any time. The projects states that "polished diamond prices has been rising constantly over long period of time", therefore it's the investors choice whether or not diamonds are good type of investment. The project looks like one to be trusted, the design and technical information are all on a satisfactory level.
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