Initial Diamond Offering (IDO)

Step 1: Diamond Selection and Custody

The IDO journey begins with our community-driven approach to selecting diamonds. Members of our DAO vote on potential diamond acquisitions, ensuring that each selection aligns with our collective investment criteria and values. Once a diamond is selected, it is securely acquired and placed into custodial storage. This phase ensures that each diamond is not only chosen by consensus but is also kept safe and secure before, during and after its tokenization.

Step 2: Appraisal and Token Creation

Following secure storage, each diamond undergoes a rigorous appraisal by expert gemologists to affirm its value and quality. Post-appraisal, a unique digital token is created for each diamond, with a supply representing the appraised value of that diamond. For an example, a diamond appraised at $1mil would have a token created with a fixed supply of 1 million tokens - each token would represent $1 of the diamond’s value. These tokens are securely recorded on the Hedera hashgraph, ensuring each transaction and ownership detail is transparent and immutable.

Step 3: Launch of IDO

The IDO represents the initial sale of tokens, where investors have the opportunity to purchase tokens at an inaugural price directly correlating to the diamond's appraised value - at a discount to incentivize participation. Detailed diamond profiles—including high-resolution images, full gemological reports, and token availability—are provided to ensure informed investment decisions.

Step 4: Registration and Verification

Investors wishing to participate in an IDO must register on the Brilliant Diamond Exchange platform and undergo a comprehensive KYC and AML verification process. This step is crucial to maintaining compliance with global regulatory standards and ensuring the security of all transactions.

Step 5: Investment and Trading

Post-IDO, investors can choose to hold their tokens or trade them on the Brilliant Diamond Exchange to secondary buyers. Our platform offers real-time updates on token value, influenced by market demand and the intrinsic value of the underlying diamond, stabilized by our social liquidity pool (SLP), allowing for dynamic investment strategies. As these tokens are permissionless tokens, they can then also be traded on secondary DEX’s like www.SaucerSwap.finance and leveraged for lending on platforms like www.Bonzo.finance.

Step 6: Redemption Options

As this is an open exchange, the only way a Token holder would be able to redeem the tokens for the actual diamond is if they are able to acquire 100% of the minted tokens. This feature seamlessly connects the digital investment with the physical world, offering a tangible outcome to the investment.

Step 7: Ensuring Security and Transparency

The entire lifecycle of the token—from issuance to trading, and potential redemption—is recorded on the Hedera Hashgraph distributed ledger. This not only ensures the utmost security but also upholds our commitment to transparency and trust in the diamond investment process.

By participating in our IDO, you are entering a new realm of investment that combines the physical security of diamonds with the liquidity and accessibility of distributed ledger technologies. At Brilliant Diamond Exchange, we are dedicated to offering a straightforward, secure, and equitable investment experience.