After looking into the Diamond market, a group of Diamond and Blockchain experts realized that the market faced volatility and lack reliability, transparency and the history of transactions were not easy to trace. That is why the Diamond Network platform was established. Their main purpose was to create a suitable market for its users, a market that is transparency and offers traceability, reliability as well as responsibility. The platform went further ahead to improve the experience of its users implementing the use of smart contracts that are fulfilled through the utilization of a utility token, known as DPT Tokens. This platform also has the other type of tokens, the security token that is referred to as CDC.
It is worth mentioning that this token is compliant to ERC20 as well as ERC 621 standard for token supply regulation and it will have a precision of 18 decimals. All the data regarding the owner will be stored in the Ethereum blockchain.
Why you need to purchase DPT Tokens:
- This token entitles the holder to digital access rights to the Diamond Network Platform as well as its services on a blockchain-based infrastructure.
- This token also gives access to the diamond database, if you want all your data regarding the origin, value, price among other information regarding your diamond to be stored on the Digital Database, you have to pay a fee in the form of DPT.
- DPT token will also give you access to Origin verification service that is offered within the platform as well as access to Diamond Network Marketplace.
- It is also important to purchase DPT tokens because it will give you governance function for instance, as a token holder, you will be able to participate in the decision-making process regarding the project development, and this will be done through voting.
Why you should purchase CDC
CDC Tokens is equally important within the Diamond Network Platform. As mentioned earlier, this is a hybrid token that acts as a security token as well as payment token that fulfilled the role of reserve currency as well as stable coin. The platform is going to use this Token to enhance stability in the Diamond market.
The following are some of the reasons why you need to buy CDC:
- CDC will be used as a reserve currency that enables holders to keep their funds safe, non-volatile cryptocurrency. You can use this coin to secure your investment when the market is volatile.
- CDC will be used as payment token within the platform. In other words, all the team behind this amazing concept will be paid using the CDC Tokens.
- CDC can be redeemed to a physical 0.04-carat diamonds from the DN at any given time.
- CDC can also be exchanged for an investment diamond on the marketplace. For instance, you can use the toke to purchase investment diamonds from certified partners that are using CDC as well.
In those above, it is clear that it is important to purchase Diamond Network Platform Tokens for the reasons well illustrated above.
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