What is diamond ?
Diamond Project is a new decentralized platform based on the ethereum crypto currency, intended for lending. The project uses blockchain technology. The system will allow users to facilitate the process of obtaining loans, which will make this financial service more accessible and in demand. Also, the company plans to develop a trade portal for the exchange and sale of tokens. The work of the platform will be built extremely simply, which will allow absolutely everyone who wants to use it.
In order to get a loan, it is enough simply to provide a crypto currency on the wallet . In the event of compliance with credit conditions, all tokens remain property of the borrower during the period of the loan, but they can not be sold or exchanged.
As with standard lending, arrears must be regularly extinguished to avoid loss of collateral or the imposition of fines. After full repayment of the loan, the pledge is returned to the borrower.
As for the sale and exchange of crypto currency, the system guarantees complete security of transactions and transparency of transactions. All customers will have an authenticated profile and the ability to contact technical support in case of questions or problems.
Project advantages
The Diamond Project uses the P2P network, which implies instant money transfers from the user to the user.
The project will facilitate the process of obtaining a cash loan at each stage. A loan can be taken absolutely for any purpose (personal, business, etc.). For this, it will be necessary to simply leave a certain number of virtual currency coins as collateral as a guarantee of the subsequent return of funds. As a consequence, the system does not completely check the borrower's job and solvency, which speeds up the process of approving the application. Under the similar scheme modern pawnshops work.
Cash is transferred instantly directly to the client's bank account.
It also provides for the possibility of early repayment of the loan and the return of its assets.
A distinctive feature of the platform is the presence of a very interesting function Auto-Trade, which will please very busy users (it copies the algorithm of the best traders, that is, it works automatically).
Tokens and their purpose
DM800 tokens of the ERC20 type are used as the main virtual currency of the Diamond Project platform . The cost of one coin is 0.0002 UNT, that is, 1 ETN = 5 000 DMP. These tokens are put on sale in ICO of the company and with their help it will be possible to pay the commission for transactions at work with a platform.
Bounty campaign
In total, 6 million DMP tokens were allocated for the company's bounty, which equals the cost of 2,000 UNT coins. They will be distributed as follows:
- translation of technical documents and community management - 600 000 DMP (10%);
- Facebook - 1 200 000 DMP (20%);
- Twitter - 1 200 000 DMP (20%);
- YouTube and video - 1 200 000 DMP (20%);
- The reward for attracting users to the bounty company is 1 800 000 DMP (30%).
Details of its conduct can be found on the official website of the Diamond Project .
Stages of project implementation
At this time, the project is at the ICO stage, which will end on May 15.
The first credit platform will become public on July 1, 2018. Demonstration version of the project on crypto-exchange of the Diamond Project is planned to be launched on October 1, 2018, and exactly in a month the project should start working fully.
In mid-2019, the market will begin to function.
Development team
The creation of the project involved specialists from Italy, the United States and Russia. Its founder is Jones Davis, who previously worked with Google for a long time (until mid-2017).
Also the development team includes:
- professional lawyers (for compliance with the legal aspect of the work);
- financiers;
- experts in the field of crediting;
- block-developers.
Conclusion
In the Diamond Project system, both beginners and experienced traders will be able to work, since it is very easy to master and has a built-in training system. The project is very promising, it is actively developed and, in case of a successful start, will turn the credit sphere of activity and bring it to a new level.
OFFICIAL LINKS
Website : https://dmptoken.com
Whitepaper : https://dmptoken.com/whitepaper/
GitHub : https://github.com/DMPtoken
Twitter : https://twitter.com/Projectdiamond_
Telegram Group : https://t.me/diamondprojectANN and https://t.me/diamondprojectChat
AUTHOR.
Bitcoinalk username : Cintashany01
Profile link : https://bitcointalk.org/index.php?action=profile;u=1661845
Facebook : https://www.facebook.com/max.bebasmardeka
Twitter : https://twitter.com/tarjoe_maximum
Telegram username : @TarjoeMaximum
