diamDEXX
Financial Services - , ,
diamDEXX Employees
diamDEXX Details
Due to increasing diamond transactions and an extended network of diamond manufacturers, diamDEXX enters the era of blockchain with DIAM, first 100% diamonds backed token, offering a stable payment solution to online businesses and a dedicated ecosystem where diamond industry members can carry on daily transactions with limited entry barriers and low transaction costs.Currently, the diamond industry is fragmented with high transaction fees, an inefficient payment system and a difficult process of accepting new members. diamDEXX is looking at solving these frictions by building a blockchain to increase transparency, ease the entry process for diamantaires and charging transaction fees at only 1% compared to the industry standard of 3 to 5%. The ecosystem allows clients to carry out daily transactions using a primary method of payment, DIAM, at a reduced rate.DIAM is backed by a stock of physical stones as a collateral. It will be the main payment method on the diamDEXX blockchain and it gives the opportunity to potential customers to own a tokenized diamond. DIAM token will be used as an escrow solution and transaction memo.Additionally, diamDEXX introduces DiamDrop, the first B2C diamond venture to sell diamonds to the retail market at wholesale prices. The network will work with DIAM as an alternative payment method and costs for purchasing diamonds will be at least 25% less than the ones promoted by main market players such as BlueNile.The DiamDrop platform features a large network of jewelry shops across the US and will offer a drop-shipping approach to buyers. The process includes shipping to preferred jeweler who will set the stone according to the customer's preference.
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