Overview

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.

Project stage

Beta version

Detailed description

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.

Problem

  • Lack of transparency – The diamond industry lacks clear and transparent pricing, as well as a C2C trading platform. Markups, list prices and a “closed shop mentality” make it very difficult for anyone “not in the know” to understand how a diamond is valued and how to gauge its true worth.
  • Lack of liquidity – Diamonds are mainly sold to end consumers in a one-sided transaction. This skewed market automatically places anyone who owns a diamond at a severe disadvantage if they want to resell their stone. The current market structure is designed to ensure consumers can only resell their diamond at a substantial loss, often up to 50%.
  • Lack of standardization – Unlike gold, platinum or silver, diamonds are not fungible – each diamond is unique

Solution

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.

Features

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:

  • No additional transportation and insurance costs will occur while stones are traded within the ecosystem. 
  • All transactions using the CEDEX Coin will save fiat-currency transaction charges. 
  • The diamond’s origin and all transactions will be documented on the Diamond-Smart Contract. 
  • The execution of trades will be executed quickly and efficiently, or P2P, without any third-party involvement. 
  • Open blockchain technology allows anyone to collect, aggregate and analyze the data for their own purpose and for public use, thereby increasing transparency. 
Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : CEDEX
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :100,000,000 CEDEX
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH, FIAT,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Team and Advisory Board: 10% vested after end of sale, 30% after 6 months, 30% after 12 months and 30% after 18 months
          • Founders: 10% vested after end of sale, 30% after 6 months, 30% after 12 months and 30% after 18 months
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale — Ended
      17 Mar 10:00 UTC
      14 Apr 10:00 UTC
      0.0011 ETH 25% - Uncapped Uncapped
      Pre-sale — Ended
      16 Mar 10:00 UTC
      17 Mar 10:00 UTC
      0.0011 ETH 25% - Uncapped Uncapped
      Public sale

      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.

      Read more about vesting and bonus
      • Team

        • Saar Levi photo
          Saar Levi
          CEO & Co-Founder
        • Ronen Priewer photo
          Ronen Priewer
          Co-Founder
        • Yael Eckstein photo
          Yael Eckstein
          Marketing Manager
        • "PEERCHEMIST" photo
          "PEERCHEMIST"
        • "PEERCHEMIST" photo
          "PEERCHEMIST"
        • Boaz Hilel photo
          Boaz Hilel
          Global Business Development
        • Calvin Hau photo
          Calvin Hau
          Asia Business Development
        • Shigeo Akiyama photo
          Shigeo Akiyama
          Business Development Japan
        • Nissim Agami photo
          Nissim Agami
          Online Marketing Manager
        • Ben Rosanes photo
          Ben Rosanes
          Customer Relations Manager
        • Avner Lewenstein photo
          Avner Lewenstein
          CTO & Senior Blockchain Developer
        • Evgeni Kif photo
          Evgeni Kif
          Head of Product
        • Kateryna Gordieieva photo
          Kateryna Gordieieva
          Senior QA Engineer
        • Aviv Balassiano photo
          Aviv Balassiano
          Development Manager
        • Itay Regev photo
          Itay Regev
          BI Developer
        • Aleksander Rebenok photo
          Aleksander Rebenok
          Database Administrator
      • Advisors

        • David Drake
        • Christopher Bell

      Roadmap

      • Q1 2017
        • Market Research
        • Technical Feasibility Assessment
        • Starting “DEX” Development
      • Q2 2017
        • Team Setup
        • Business Strategy
        • Implementation of the Blockchain Technology
      • Q3-Q4 2017
        • Smart Contract Development
        • Marketing Strategy
        • Token Offering Security Audits<
        • “DEX” Alpha Launch
      • Q1 2018
        • Token Pre-Sale Offering
        • Token Public Sale Offering
        • CEDEX Platform Development
      • Q3 2018

        Launch of CEDEX Platform

      • Q1 2019

        Financial Offering Expansion:

        • Short sale, ETF Trading, Leverage Products & Loans<
      • Q3 2019

        Geographic Expansion

      Activity