The first
cryptocurrency backed by
investment grade diamonds
Read White PaperPrivate sale is live
1 ETH = 4,983D1$5,000,000
$130,000,000
Documents
Initial Diamond Reserve
NEWS
Exchange D1 Coins for diamonds
Advisors speak
“Diamonds have been a great store of value for centuries. Now with the advent of new digital technologies diamonds enter into a new era that will see the value of natural diamonds reach new heights.”
“By establishing a global hub for blockchain-technology and virtual currencies known as the “Crypto Valley” in Zug, supported by the development of forward-looking regulation by the Swiss Financial Market Supervisory Authority (FINMA), Switzerland is home of one of the world’s leading ecosystems for crypto, blockchain and distributed ledger technologies. With asset-back coins and tokens playing an increasingly important role in this area, I believe that the diamond-backed D1 Coins represent an interesting diversification opportunity in this eco-system.”
“Diamonds historically were much more rare than gold, more valuable and unique. By taking diamonds on blockchain and enabling fractional ownership D1 Coins will revolutionise the diamond market and create a whole new asset class.”
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D1 coin ecosystem
The ecosystem of D1 Coin has a few main parties, namely Coin Buyers, D1 Mint, D1 Reserve, and Diamond Suppliers. The D1 Mint and Diamond Suppliers are overseen and appointed by D1 Reserve, which also acts as a custodian by holding the diamond inventory. D1 Mint issues D1 Coins to Coin Buyers, who can purchase and redeem diamonds from D1 Mint. D1 Mint functions as the central party in the D1 ecosystem coordinating the flow of D1 Coins, diamonds, and fiat currency.
D1 mint
Issues new D1 Coins for each new diamond and control the overall D1 Coin Supply.
D1 Diamond Suppliers
Reputable diamonds dealers, initial suppliers include Alrosa, KGK Group and Kristall Smolensk
D1 Reserve
Custodian for diamonds stored in secured vaults in Singapore and Antwerp.
WHY TOKENIZE DIAMONDS?
Combining complementary strengths of diamonds and blockchain to overcome
limitations of each asset class.
PROBLEMS
SOLUTIONS
DIAMONDS
HETEROGENEOUS
Each diamond is unique, value can differ across appraisals
ILLIQUID
Diamond sales are cumbersome and often results in a markdown in value
EXPENSIVE
The high unit price of diamonds is a barrier to potential buyers
Tokens
FUNGIBLE
Each token is identical
LIQUID
Transfers are quick, with low transaction fees
ACESSIBLE
Large number of units can be minted at a low price
Tokens
VOLATILE
Most cryptocurrencies are valued purely by market forces, resulting in high volatility
DIAMONDS
STABLE
Diamonds have displayed price stability and long term appreciation for thousands of years
THE 4“Y”S OF D1 COIN
D1 Coin upholds the 4“Y”s to provide users with the highest level of transparency and security
TRANSPARENC“Y”
VERIT“Y”
CUSTOD“Y”
CONVERTIBILIT“Y”
4 use cases of D1 coin
The value of D1 Coins are a function of both its fractional value of a diamond and crypto market forces, with the fractional value acting as a price floor.
NEW CRYPTO USERS
SAFER OPTION
D1 Coin provides a safer option to participate in the blockchain and cryptocurrency space, while protecting users’ wealth. Backed by diamonds, D1 Coins have a clear intrinsic value.
STORE OF WEALTH
The price of diamonds have appreciated steadily over the past century, and users who seek to enjoy similar capital gains can now do so in a simple, private and secure way with D1 Coins.
CURRENT CRYPTO USERS
DIVERSIFICATION
Users can temporarily “crypto-out” to D1 Coin, which has lower price volatility, if they are apprehensive of market swings. Converting to fiat currency is time consuming, cumbersome and incurs transaction fees.
BETTER MEDIUM OF EXCHANGE
With greater price stability, D1 Coin functions as a better unit of account. D1 Coin provides a more reliable measure of the value of goods and services.
Advisors
We have an astonishing advisory board with the people
who are expert in various fields such as Fintech, Blockchain and Legal
who will be helping us in the development
Sandeep Kothari
Founder of CarPrice (raised $80m from key industry investors), an online auction for used cars with 50+ offline offices. Attracted $10m+ into CarMoney. IT startup investor in the field of artificial intelligence and robotics.
Alexei Chekunkov
Mr. Chekunkov is the Chief Executive Officer of the Far East and Baikal Region Development Fund and serves on the Supervisory Board of Alrosa – the largest diamond company in the world, and the Board of Directors of Rushydro – the second largest hydropower company in the world. Among his achievements is the establishment of the $2 Billion Russia-China Investment Fund with China Investment Corporation.
Thomas Borer
Dr. Borer Consulting in representing the strategic interests of companies and private individuals in the public sector and the economy. In 1999-2002 Dr. Borer was the Swiss Ambassador in the Federal Republic Germany.
Bernard Lunn
Bernard Lunn is CEO of Daily Fintech and the author of Mindshare to Marketshare and The Blockchain Economy. Bernard has worked in ventures in Fintech, media and outsourcing as a senior executive and co-founder and brings this unique perspective to his advisory work.
Team
With our team members stemming from diverse fields like
Digital Marketing, Software Development, Blockchain/Cryptography,
we have achieved a competitive market position
Hogi Hyun
D1 Founder & Director
Jeff Wentworth
D1 Technical Director
Bill Claxton
D1 Operations Director
William Metcalfe
D1 Technical Director
Roadmap
Project Idea Soft Market Test
D1 Project has its first media response
Diamond Procurement Confirmation
Initial volume of diamonds for tokenization are secured with leading Diamond producers (Alrosa, KGK, Kristall)
Smart Contract Deployment
Smart-contract developed by the team and passed two independent audits.
Advisory Board Establishment
Leaders of Diamond industry and seasoned international professionals from the financial and fintech industries and fintech are engaged as advisory board members.
Diamond Reserve Procurement for Pre-Sale Customers Completed
Diamonds for the full amount of Pre-Sale subscription value certified, checked and deposited in Antwerp.
Closed Pre-Sale for Accredited Customers
To participate please contact D1 Agent managers
Subscription by accredited large-scale customers (ex- USA, China and Singapore) with minimum subscription amount equivalent to USD 1 Million.
Open Pre-Sale
Subscribe to our newsletter to get updated or participate in Open Pre-Sale
Subscription by general customers (ex-USA, China and Singapore) with minimum subscription amount equivalent to USD 1,000.
D1 Coins Credited to Customers
Pre-Sale participants to receive D1 Coins at designated addresses.
D1 Coin to Diamonds Redemption Available
Customers can redeem D1 Coins for Diamonds via courier delivery or personal pick up in Singapore & Antwerp (by prior appointment).
Whitelist opening
Building community and start of the accepting application in the Whitelist
Listing
D1 Coin will be listed on major cryptocurrency exchanges
Secondary Offering
Additional D1 Coins will be minted and backed by a new supply of diamonds.
Publications
The D1 Project has been covered by the leading international media.
Partners
Frequently asked questions
We've been covered by some of the big
cryptocurrency/blockchain news websites.
- WHAT DIAMONDS ARE IN D1 RESERVE?D1 diamonds range from 0.3 to 6 carats or higher, Clarity VS1 or higher, Color F or higher, Very Good and Excellent Cut. These characteristic strictly comply with GIA Diamond Reports for every single diamond in our reserve.
- WHERE DO DIAMONDS COME FROM?Diamonds are sourced from major integrated diamond producers and diamond polishing companies, including Alrosa, KGK Group and Kristall Smolensk.
- DIAMOND STORAGEDiamonds are stored in secure vaults in Singapore (and Switzerland in the future), operated by industry leading safe storage operators Brinks and Malca-Amit.
- WHAT SECURITY MEASURES WILL BE IN PLACE FOR THE FUNDS THAT ARE RAISED?Our security standards are state-of-the-art. Cold wallets are stored offline and are safe from inside attacks by making sure all spending is regulated by multi signature wallets.
- AUDIT?Diamond reserve is audited by an international audit firm on quarterly basis.
- DIAMOND CERTIFICATION?All diamonds have GIA Diamonds Reports.
- WHAT IS THE RATIO OF D1 COIN TO DIAMONDS?Each D1 Coin represents a 1/1000 fraction of a model 1 carat, F color, VS1 clarity Excellent Cut diamond.
- HOW TO REDEEM D1 COINS FOR DIAMONDS?Customers can redeem their D1 for diamonds in three steps:
One, select specific diamond(s) on the d1coin.io website and book these diamond(s) for redemption.
Two, select delivery option. The customer can choose global express delivery or pick up the diamond(s) personally at one of D1 Vaults. Time of delivery may vary depending on availability of specific diamond(s) chosen by the customer.
Three, pay for the diamond(s) in D1 Coins. - AT WHAT POINT DOES D1 PURCHASE MORE STONES AND USING WHAT FUNDS?As soon as D1 receives funds from the buyer of tokens, they start the process of buying diamonds from suppliers and their subsequent audit in the D1 repository is started. After the audit of diamonds, D1 issues new tokens.
- WHICH COMPANY CONDUCTS AUDIT OF STONES ONCE A QUARTER?Audit of stones in the repository will be carried out by TIER 1-2 auditing companies
- WILL THERE BE INFORMATION ABOUT THE ORIGIN OF THE STONES ON THE BLOCKCHAIN?No, only movement of tokens will be stored on blockchain. GIA certificates will be openly available.
- WHAT IS D1 COIN?The D1 Coin is a virtual currency built on the Ethereum blockchain. D1 Coins are backed by a fractional value of diamonds. With the value of the D1 Coin being a function of not just market forces but also the value 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. In addition, D1 Coins are a perfect counter-cyclical asset offering investors in the crypto universe protection against adverse market movements, similar to gold or US Government bonds in conventional markets.
- HOW TO PARTICIPATE?There are two options: (1) Closed Pre-sale for accredited early customers for large-scale subscriptions and (2) Public Pre-sale for general customers.
- WHAT IS PRE-SALE?Pre-sale is for general investors except USA, China or Singapore persons. Minimum subscription is USD 1,000.
Pre-Sale
Pre-sale starts on Q4, 2018.
The price per Token in the Pre-Sale is as indicated below.- $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
The Company is pre-selling Tokens at a discount equal to 5% on a wholesale basis for larger volume purchasers – more than 100.000 Tokens.
For information on the terms of the Pre-Sale please contact [email protected]
The dates of the pre-sale will be announced later. - WHAT CURRENCIES CAN BE USED TO SUBSCRIBE FOR D1 COINS?Bitcoin ("BTC"), Ether ("ETH") or US Dollars ("USD").
- WHEN WILL D1 COIN COME TO MARKET/EXCHANGES? DO WE HAVE PARTNERSHIPS WITH EXCHANGES YET?D1Coins may be used, kept, or exchanged online wherever parties are willing to accept D1Coins. D1Coins are fully redeemable in exchange for gem-quality polished diamonds certified by GIA (“Diamond(s)”) at a price in D1Coins published on the Site.
For example, if you purchase 100 D1Coins, you can exchange them for a diamond priced 100 D1Coins (or less) by choosing a specific diamond on the Site and transferring the appropriate amount of D1Coins to D1 Mint (subject to customer verification as stated below and redemption fees as stated in the Fees Schedule).
Each diamond will be priced at the sole and absolute discretion of D1 Mint using the D1Matrix, which is proprietary pricing algorithm, comprising of a neuron network which will analyze Diamond prices from multiple market participants. The relationship between the 4Cs (carat, color, clarity, cut) and another 7 characteristics of a diamond and its price are analyzed, determining statistically the appropriate price in D1Coins for each diamond.
D1 Mint will not issue D1Coins without the equivalent purchase of diamonds or instruments (contracts) redeemable for diamonds, and will not redeem D1Coins for anything but diamonds. In order to cause D1Coins to be issued or redeemed by D1 Mint, you must be a verified customer of the Site. No exceptions will be made to this provision.
D1 Mint must and does at all times reserve the right to refuse to issue or redeem D1Coins, without limiting the generality of the foregoing, if any act, conduct, transaction, omission, or misrepresentation:- violates;
- attempts or conspires to violate;
- causes, aids, or abets the violation of;
- involves a Prohibited Jurisdiction or Sanctioned Person under;
- is suspected or believed to be blocked property, frozen assets, or economic resources, or the proceeds of any crime, terrorist financing, or corruption related to any Person or Government Official under; or
- exposes D1 Mint and its Associates to sanctions, restrictions, or penalties pursuant to any applicable Laws, including but not limited to Applicable AML/CTF Laws, Applicable ABAC Laws, or Applicable Sanctions Laws. D1 Mint also reserves the right to issue or redeem D1Coins upon receipt of any subpoena, request for information, or order under applicable Laws or from any Government or Government Official, including but not limited to any domestic or international law enforcement authority. Absent a reasonable legal justification not to redeem D1Coins, and provided that you are a fully verified customer of Site, your D1Coins are freely redeemable.
Persons ordinarily resident in, and nationals of, Prohibited Jurisdictions or Sanctioned Persons under Applicable Sanctions Laws; Persons and Government Officials believed or suspected to be transacting in the proceeds of corruption, bribery, or other crimes under Applicable ABAC Laws; and Persons believed or suspected to be engaged in money laundering or terrorist financing under Applicable AML/CTF Laws are not permitted to be customers of D1 Mint; are not permitted to cause D1Coins to be issued or redeemed; and, are not permitted to hold or transact in D1Coins.
D1 Coins are not to be issued to persons resident or domiciled in the United States of America, Singapore, People’s Republic of China, or any person purchasing D1 Coins from a location in the United States of America. - WHEN WILL PRE-SALE COINS BE DISTRIBUTED?D1 Coins will be credited to purchasers' wallets within 1 months from the date the Public Pre-Sale ends. As every coin is backed by GIA-certified high quality diamond we will take this time to get your diamonds delivered to our Vault in Singapore, checked for compliance and safely deposited in the vault.
- AM I ALLOWED TO PARTICIPATE?Different countries have different approaches to crypto assets. Each participant is responsible for determining if they can participate in the token sale based on their citizenship / jurisdiction / place of residence. Persons resident or domiciled in the U.S., Singapore or People’s Republic of China and persons in any location in the U.S. are not allowed to participate.
- WILL THERE BE TOKENS LOCK-UP?Tokens will be locked-up until the end of the sale. Token distribution will be conducted within a month after the token sale.
- WHAT IS THE TYPE OF THE D1COIN?D1 coin is an asset-backed token, which provides an opportunity to exchange X coins for diamonds from the safe storage facility, which underpin the cost of D1.
- WHEN WILL IT BE NECESSARY TO LINK A WALLET TO A PERSONAL ACCOUNT?During invoice creation process
Video
Contacts
Singapore (189675)
