The first ICO secured by diamonds. Reger Diamond ICO rating – 60
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Ended ICO : 01/09/18 – 31/12/18
Roadmap: 5/10 Legal: 2/5 ICO terms: 3/5
Team: 12/20 Token applying: 3/5 Promotion: 13/20
About Reger Diamond ICO (token sale)
RegerDiamond jewelry collection is designed to emphasize such customer’s qualities as an individuality, a lofty style, a delicacy of taste!
Creating our ICO project we plan to combine and use the advantages and minimize the disadvantages of two different business streams: the market of precious stones (diamonds) and jewelry trade, on the one hand, and crypto- business, on the other hand, carrying out the activity proceeding from different principles and approaches sometimes being divergent!
Nowadays, the diamond industry is one of the most conservative and little- changing that due to the traditionalism of its foundations is one of the most “closed” and specific types of business, where the prices of raw diamonds and the final product (faceted diamond) are determined by individual negotiations between the seller and the buyer, rather than by using a standard market assessment tools of the product.
The final value of products in the jewelry industry is based on the combination of subjective factors such as the status of the jewelry brand, the level of the store and the prestige of the sales outlet, and sometimes even on the seller’s mood rather than, a real market value of the product. Therefore, purchasing jewelry the buyer usually loses a significant part of its value in the subsequent resale.
Obvious advantages of participating in the business with diamond assets are as follows:
- Financial stability of assets.
- Low-risk and secure financial investments.
- Guaranteed dividends in the long term.
We cannot ignore its shortcomings such as:
- High threshold of entry into the business, which makes it almost inaccessible to a wide range of investors.
- Low profitability of production due to the high level of conservative approach.
- Secrecy and non-transparency of the business, which makes it purely family- owned or crony only, which equally does not provide a clear prospect for public investors.
- High threshold of entry into the business.
- Low profitability of production. Conservatism.
- Secrecy and non-transparency of business
RDS tokens will be used for settlements between participants on the Reger Diamond platform, as they are an integral part of our business model, enabling us to fulfill the project goals and objectives.
This token offers potential participants and investors the possibility of financial participation in the project on the creation and promotion of the jewelry brand “Reger Diamond” that will be implemented on the basis of the blockchain platform: investors the option acquisition makes it possible to get the yield of up to 20% (approximate average future income per year); the obtained derivative RDS is, secured by a real high-demand asset, diamonds, and diamond products that in case of currency fluctuations “protected” by the value of constantly high quality liquid asset.
The Smart Contract is valid for 12 months. The project initiator returns the principal amount of investments invested in the project after the expiration of the Smart Contract, and accrual of interest is made quarterly on the electronic purses of Investors.