Fair Diamond Mining ICO (FDM)
We'll change the diamond industry
"Fair Diamond Mining (FDM) is a decentralized platform, based on the blockchain. FDM will invest in a real diamond mine in Liberia (West-Africa) which affords the local diamond miners greater share of the revenue. At the same time, Fair Diamond Mining allowing investors to earn money on selling these diamonds with less overhead due to the elimination of a middle man. FDM tokens will be used to buy equipment for the miners in Liberia. For this investment the FDM platform gets a great return of their investment of all diamonds that are mined for the next 6 years of the concession issued by the government. The platform implements state of the art equipment to scan and upload all mined diamonds on the spot. FDM platform knows for 95% what the final retail price will be and our investors will also know what we earn on this diamond real time. After scanning and engraving the diamonds we will safely store the diamonds and transport them by a helicopter. Mining in their current form are fraught with inefficiencies, security risks, and unreasonable middleman fees."
(https://fairdiamondmining.com)
Start Date
01 Aug, 2018
End Date
20 Jan, 2019
Fair Diamond Mining Use of Token
Fair Diamond Mining brings investors and miners together in a single decentralized network, using blockchain technology. The platform implements state of the art equipment to scan and upload all mined diamonds on the spot. FDM platform knows for 95% what the final retail price will be and our investors will also know what we earn on this diamond real time. To start, we need at least $ 1.500.000,- to buy equipment so that the miners can mine at least 45 carats per day and 300 days per year. If they can reach that goal our platform will earn $ 2.8 million each year by cutting out the fees of the Intermediaries in the chain. Once we have a polished diamond we could decide if we sell this to our platform investors or to end-customers to realize more added value.
Organization
Your Own Coin
Platform
Ethereum
Coin type
App Token
Category
Finance
Max cap
16,800,000 ETH
Max supply
48,000 FDM
Price
0.85 ETH
Fair Diamond Mining Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
- Discount
Fair Diamond Mining Distribution
Fair Diamond Mining Use of Proceeds
Fair Diamond Mining Team Members
Fair Diamond Mining Past Events
- 30 September, 2019
Private sale 15% bonus until September 29, 2018
- 31 December, 2019
Crowdsale up to 10% bonus
- 31 March, 2019
Investing in machinery and developing core
- 30 June, 2019
Start digging the mine
- 30 September, 2019
Adding more services for investors such as e-commerce platform for selling diamond