Place/Date: - November 1st, 2017 at 9:00 am UTC · 2 min read
As fear about governments stability rise, so does an investors desire to move their money into investment vehicles backed with a solid rise in earnings and free from government reach. Alternative currencies are one of these investment vehicles, giving individuals the ability to put their money into markets which have seen a dramatic rise in value. For example, a $100 investment in Bitcoin in 2011 would see an increase by the end of the year of $1,573.32. Because of this the excitement about the new DIMND token backed by physical diamonds is palpable. “Diamonds are bought for adornment. However, people can consider investing in diamonds from a long-term perspective as demand is only likely to grow,” says Bacchraj Bamalwa, Director, All India Gems and Jewellery Trade Federation.
The DIMND token is a Ethereum token on a blockchain network. Its difference lies in the fact that each token is backed by a gem-quality, polished diamond held in a secure vault located in a Freeport location. What this means is that investors will benefit from being VAT exempted for their initial investment. And while financial crisis may hit in many different forms, the diamond market remains stable as the supply and demand is tightly controlled. The forecasted rise in demand for diamonds means that a savvy investor can see a rise in their investment by 4% to 6% annually. Because the DIMND token is backed by a luxury commodity, it’s possible to see a faster rate of return on the digital currency exchange than the traditional methods of investing.
Smart contracts are used for the DIMND tokens, assuring a secure, trusted and privacy oriented platform. Eliminating the need for third-party intervention, smart contracts will calculate the amount of yearly DIMND token release and its price based on industry averages. Using smart contracts and blockchain technology gives the investor complete privacy, and assurance of a secure transaction.
The new DIMND token offers a different kind of investing experience within the alternative currency arena. Investors can exchange their DIMND tokens for gem-quality, polished diamonds whenever they wish.
Disclaimer: DIMND is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.