CEDEX is a blockchain-based asset-class trading platform for diamonds. CEDEX.COM is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial market.
By removing the three main obstacles (lack of transparency, liquidity and fungibility) CEDEX (CErtified Blockchain Based Diamond EXchange) will disrupt the way diamonds are currently perceived. Using innovative propriety technological solutions – including emerging blockchain technology – CEDEX will create an open and transparent marketplace in which anyone will be able to liquidate diamonds or invest in diamonds as a new financial asset class.
CEDEX is creating a platform to bring together diamond supply and trader demand for diamond investments.
On the supply side, CEDEX is targeting two main sources of supply:
a. Diamond Dealers – CEDEX has already signed agreements creating access to the inventories of over 1,600 diamond suppliers on the CEDEX Exchange.
b. Private Diamond Holders – Private diamond owners hold hundreds of billions of dollars' worth of stones. In 2016 alone, approximately US $20 billion was purchased at retail. We believe the opportunity to sell at market price will create an unprecedented flow of diamonds on to the CEDEX Exchange.
On the demand side, there are two main trader groups:
c. Commodity Traders – Those traders currently investing in commodities such as precious metals seeking exposure to the sector or using these commodities as a hedging tool for currency or market fluctuation will be excited to discover diamonds a new asset class with low volatility and with very low correlation to the stock market.
d. Cryptocurrency Holders – Cryptocurrency holders looking to reduce volatility will use the CEDEX Exchange as an opportunity to lock in and realize the value of their crypto assets.
The CEDEX project uses blockchain technology to tokenize diamonds. In the first phase, Diamond-Smart Contracts will be issued via a simple process initiated once a diamond holder lists a diamond for trade. The simple interface will create a smart contract on the CEDEX-platform backend. This contract will represent a diamond’s gemological data and additional information to allow the creation of a financial product that represents the underlying asset, i.e., diamonds. As the blockchain-based CEDEX ecosystem evolves, we anticipate the investment market will adopt Diamond-Smart Contracts as the new means of trading diamonds. Tokenizing diamonds will be beneficial to the entire ecosystem in many ways:
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Public sale —
17 Mar 10:00 UTC
14 Apr 10:00 UTC
16 Mar 10:00 UTC
17 Mar 10:00 UTC
First day of sale up to 25% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 10:00 GMT on the following day).Pre-sale
Pre-sale up to 25% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased.
Launch of CEDEX Platform
Financial Offering Expansion: