The Atlantis Blue exchange has been set up for exclusive distribution of the Larimar stone. It would be the exchange where companies would need to register to become authorized resellers of the stones. Digital tokens are also offered on AB exchange which can be physically exchanged for Larimar stones. The platform also has provision for auctions to be held for bigger stones that are found at mining sites.
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When it comes to Atlantis Blue assuring a fair price to the miners, this is the digital platform designed to help achieve this objective.
Features of Atlantis Blue
This block chain based platform for Larimar stone distribution offers the following features:
- It is linked to the only Larimar mine that is part of the Caribbean region, known to be volcanic in origin. These stones are brought to a warehouse where they are graded and then weighted. Their valuations are put up in the Stellar Distributed Exchange. Rough stones are moved to Artisan Camp where they are cut and polished as well as regarded before storage.
- International buyers who have taken advantage of an unorganized approach towards Larimar stone pricing have been able to source the stones at prices that were not fair or equitable. With the exchange set up in this framework, they need to pay the trade prices for sourcing theses stones as determined by the Stellar Distributed Exchange.
- This is done by interested parties who become token holders in the system. They can control the price by their demand, but the arbitrary pricing of the stones is prevented by the control of the exchange system on the network.
- Besides helping to regulate the trade prices, Atlantis Blue also has a mechanism to ensure that the Larimar stones are traded after certain cut and polishing procedures are completed.
- The community comprises of a receivership warehouse whose operations are controlled by the platform. Here the stones are weighed and recorded. There is an artisan camp where stones are evaluated and given legal status before they are exported. Atlantis Blue Exchange is set to become the single distribution point for the stones.
- The platform comprises of tokens limited to 400 million. Every token as per valuation is one gram of Larimar. The ICO event saw the sale of 300 million tokens. The prices have been set at nominal rates at this initial stage and those who invest and hold tokens of Atlantis Blue would be able to trade the same for equivalent number of stones in grams.
- Atlantis Blue project is associated with several international standards and organizations that are involved in the trade and distribution of Larimar stones such as Atlantis Blue SRL, Cooperative of Larimar Services La Filipinas, Larimar Association Las Mercedes, and Cooperative Bahoruco.
- The stones are then made ready for distribution through AB Exchange. Companies can become authorized resellers on this platform.
- The platform would also house auctions of the stones found at mining sites.
- Atlantis Blue has been created to ensure that the stones do not leave the country without polishing and cuts so that the stones are accounted for and distributed in a fair manner.
- The tokens of this platform are about 400 million and represent a single gram of the semi precious gem each.
Team of Atlantis Blue
The team comprises of Odalis Holguin Espinosa who is the CEO and AB Personnel manager as well as part of the mining liaison unit. Carlos Manuel Jimenez is CFO and group director of the project while Fredy Jose Atencia Diaz acts as chief operating officer of mining and logistics. Kuldeep Singh is lead developer of another enterprise, Codinggang while he acts as CTO of this enterprise; Gladys Henriquez acts as strategy manager at the company, having graduated from Seton Hall University. Though not every member’s profile details are available on the website or LinkedIn pages, the team is a comprehensive one that showcases the commitment of the members in ensuring that the AB Exchange is able to perform the functions that it has been designed for.
Should you invest in Atlantis Blue?
This is a platform formed to ensure that miners and artisans who work on Larimar stones as mined get a fair price for the same and that the stones are legally distributed after they are mined and cut or polished. Every token on the platform comes in exchange for a single gram of Larimar. That leads to tangible benefits for all who invest in this project and platform; businesses that deal in this gem can transact with each other using these tokens and exchanging the same for the gems.
The coin breakdown is as follows:
Total number of tokens - 400,000,000
Number of tokens to be sold during 1st ICO - 300,000,000
Accept payment method - Bitcoin, Etherum, Epay
INITIAL TOKEN DISTRIBUTION
ICO - 300 Mn
Bounty - 6 Mn
Rebate and Bonuses - 26 Mn
Strategic Partnerships - 32,000,000
Internal Operations - 36,000,000
Links
Website: https://atlantisblue.org/
Whitepaper: https://atlantisblue.org/Atlantis_Blue_White_Paper.pdf
Telegram: https://t.me/AtlantisBlueDigitalToken
Posted from my blog with SteemPress : https://icoshrimp.com/atlantis-blue-exchange-formed-for-larimar-stone-auction-and-distribution-2/