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with downside protection
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Initial Diamond Reserve
Exchange D1 Coins for diamonds
“D1 is a model innovation in the diamond industry that combines the attributes of the public chain technology with the financial industry to promote the mobility and transformation of diamond values.”
“Diamonds have been a great store of value for centuries. Now with the advent of new digital technologies diamonds enter into a new era that will see the value of natural diamonds reach new heights.”
“Tokenizing an asset is an easy concept. Making the back end work, so that it is is a real, audited, collateralized asset is the hard part. It is even harder if it is a non-uniform asset such as diamonds. D1, as a spin off from a successful Asian asset management business, has the skills to do this and have done it.”
“Diamonds historically were much more rare than gold, more valuable and unique. By taking diamonds on blockchain and enabling fractional ownership D1 Coins will revolutionise the diamond market and create a whole new asset class.”
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D1 coin ecosystem
The ecosystem of D1 Coin consists of Coin Owners, D1 Mint, D1 Reserve, and Diamond Suppliers. The D1 Mint and Diamond Suppliers are overseen and appointed by D1 Reserve, which also acts as a custodian by holding the diamond inventory. D1 Mint issues D1 Coins to Coin Owners, who can purchase and redeem diamonds from D1 Mint. D1 Mint functions as the central party in the D1 ecosystem coordinating the flow of D1 Coins, diamonds, and fiat currency.
Issues new D1 Coins for each new diamond and control overall D1 Coin Supply.
D1 Diamond Suppliers
Reputable suppliers including Alrosa, KGK Group and Kristall Smolensk
Custodian for diamonds stored in secured vaults in Singapore and Antwerp.
WHY TOKENIZE DIAMONDS?
Combining complementary strengths of diamonds and blockchain to overcome
limitations of each asset class.
Each diamond is unique, value can differ across appraisals
Diamond sales are cumbersome and often results in a markdown in value
The high unit price of diamonds is a barrier to potential buyers
Each token is identical
Transfers are quick, with low transaction fees
Large number of units can be minted at a low price
Most cryptocurrencies are valued purely by market forces, resulting in high volatility
Diamonds have displayed price stability and long term appreciation for thousands of years
THE 4“Y”S OF D1 COIN
D1 Coin upholds the 4“Y”s to provide users with the highest level of transparency and security
4 use cases of D1 coin
The value of D1 Coins is a function of both its fractional value of a diamond and crypto market forces, with the fractional value acting as a price floor.
NEW CRYPTO USERS
D1 Coin provides a safer option to participate in the blockchain and cryptocurrency space, while protecting users’ wealth. Backed by diamonds, D1 Coins have a clear intrinsic value.
STORE OF WEALTH
The price of diamonds have appreciated steadily over the past century, and users who seek to enjoy similar capital gains can now do so in a simple, private and secure way with D1 Coins.
CURRENT CRYPTO USERS
Users can temporarily “crypto-out” to D1 Coin, which has lower price volatility, if they are apprehensive of market swings. Converting to fiat currency is time consuming, cumbersome and incurs transaction fees.
BETTER MEDIUM OF EXCHANGE
With greater price stability, D1 Coin functions as a better unit of account. D1 Coin provides a more reliable measure of the value of goods and services.
Members of D1 International Advisory Committee bring a wealth of experience at global leadership positions in the diamonds industry, fintech and blockchain.
Sandeep joined the KGK Group in 1990 and became involved in diamond procurement and processing. KGK Group is one of Top 3 diamond polishing companies in the world with over 12.000 personnel. Now based in Antwerpen, the world’s largest diamond center, he has been instrumental in expanding KGK polished diamonds sales worldwide.
Mr. Chekunkov is the Chief Executive Officer of the Far East and Baikal Region Development Fund and serves on the Supervisory Board of Alrosa – the largest diamond company in the world, and the Board of Directors of Rushydro – the second largest hydropower company in the world. Among his achievements is the establishment of the $2 Billion Russia-China Investment Fund with China Investment Corporation.
Bernard Lunn is CEO of Daily Fintech and the author of Mindshare to Marketshare and The Blockchain Economy. Bernard has worked in ventures in Fintech, media and outsourcing as a senior executive and co-founder and brings this unique perspective to his advisory work.
Julien Auchecorne boasts ample experience in modern fintech industry as well as in blue chip investment banking. As Chief Operating Officer of XBTO International, Julien has first hand exposure to cryptocurrency markets. The firm is involved in systematic trading, market making, OTC trading, asset management, mining, blockchain development, and strategic venture investing in New York, Paris, and Bermuda. Before joining XBTO, Julien ran corporate development for a Peer to Peer lender in the U.K. where he led the firm’s capital raising and acquisition strategies.
Alexander Shulgin is a visionary investor, entrepreneur and a prolific composer with a track record of over three fruitful decades of creative work. As an investor, Mr.Shulgin was one of the first to spot the potential of blockchain technologies and was an early investor in BitFury, dotBlockchainMadia,Clickky, Ticketland, AviaSales, QIWI post, SeoPult Group, Garpun, MFM Solution and others. As an entrepreneur, Alexander co-founded several successful businesses in IT, entertainment and venture capital.
Andrew Yong currently serves as CEO at Coinbank, a full-stack digital bank that provides global digital financial services to younger users.
Mr. Yong has 14 years of experience in management and operations in investment banking, capital markets and internet technology companies. Between 2010 and 2016, he worked as a Senior VP with Morgan Stanley’s investment banking division in New York helping international clients to execute various cross-border IPO and M&A; deals. Prior to that, Mr. Yong had worked as a senior business solutions manager at GE Capital in Dallas, Texas.
D1 was created by a group of seasoned asset managers, software engineers and technology entrepreneurs in Singapore and Tokyo
D1 Founder & Director
D1 Technical Director
D1 Operations Director
D1 Technical Director
Crypto Diamonds Concept Development
D1 Project founded
Diamond Supply Secured
Diamond supply agreements in place with the leading diamond producers (Alrosa, KDK, Kristall)
Smart Contract Deployment
Smart-contract developed by the team and audited by two leading cybersecurity firms.
Advisory Board Established
Diamond industry leaders and tech visionaries joined Project D1.
D1 White paper, Sale terms and other documentation was reviewed by the leading law firms in concerned jurisdiction.
First private sale of D1 completed to pre-placement customers.
Closed Pre-Sale for Accredited Customers
Subscription by accredited large-scale customers (ex- the USA, China, and Singapore).
Engagement with crypto exchanges.
D1 in discussions with several of the top-10 crypto exchanges regarding listing of D1 Coin.
Opening of the White List
Subscription by general customers (ex-USA, China and Singapore).
Introduction to Media & Markets
D1 received positive reviews from the leading financial and tech media
Token Generation Event
D1 coins issued on blockchain and credited to customers.
Project D1 was featured in the leading financial and tech media
Frequently asked questions
- WHAT IS THE EXCHANGE RATIO OF D1 COIN TO DIAMONDS?
Each D1 Coin represents a 1/1000 fraction of a model 1 carat, F color, VS1 clarity Excellent Cut diamond.
- HOW CAN I REDEEM MY D1 COINS?
Customers can redeem their D1 for diamonds in three steps:
One, select specific diamond(s) on the d1coin.io website and book these diamond(s) for redemption.
Two, select a delivery option. The customer can choose global express delivery or pick up the diamond(s) personally at one of the D1 Vaults. Time of delivery may vary depending on availability of specific diamond(s) chosen by the customer.
Three, pay for the diamond(s) in D1 Coins.
- WHAT DIAMONDS ARE IN D1 RESERVE?
D1 diamonds range from 0.3 to 6 carats or higher, Clarity VS1 or higher, Color F or higher, Very Good and Excellent Cut. D1 diamonds strictly comply with GIA Diamond Reports for every single diamond in our reserve.
- WHERE DOES THE D1 PURCHASE DIAMONDS?
D1 buys Diamonds from major integrated diamond producers and diamond polishing companies, including Alrosa, KGK Group, and Kristall Smolensk.
- WHERE DOES D1 STORE THE DIAMONDS?
Diamonds are stored in secure vaults in Singapore (and Switzerland in the future), operated by industry leading safe storage operators Brinks and Malca-Amit.
- HOW DO WE ENSURE SECURITY OF ASSETS?
Our security standards are state-of-the-art. Cold wallets are stored offline and are safe from attacks multi-signature wallets regulate all spendings.
- HOW DO WE ENSURE 100% BACKING OF EVERY D1 COIN BY DIAMONDS?
Every transaction (minting, transferring or burning of D1 Coins) is on the blockchain.
- WHO IS AUDITING THE VALUE OF THE VAULT?
We use a TOP-10 audit firm to audit the diamond reserve on a quarterly basis.
- HOW DO WE CERTIFY DIAMONDS?
All diamonds have GIA Diamonds Reports. GIA is the golden standard of the diamond industry.
- HOW DO WE ISSUE NEW D1 COINS?
As soon as D1 receives funds from the buyer of tokens, D1 procures diamonds from suppliers. After the verification of diamonds by GIA, D1 issues new tokens.
- HOW DO WE TRACE ORIGIN OF DIAMONDS?
We produce diamonds exclusively from Alrosa, the largest diamond company in the World, and its downstream partners. Alrosa doesn't have operations in conflict areas. All the diamonds are verified by GIA
- WHAT IS D1 COIN?
The D1 Coin is a virtual currency built on the Ethereum blockchain. A fractional value of investment grade diamonds backs D1 Coins. With the value of the D1 Coin being a function of not just market forces but also the importance of natural diamonds, owners of D1 Coins benefit from enhanced downside protection as they can exchange their D1 Coins for investment grade diamonds at any time. Also, D1 Coins are a perfect counter-cyclical asset offering contributors to the crypto universe protection against adverse market movements, similar to gold or US Government bonds in traditional markets.
- HOW CAN I BUY D1 COINS?
There are three options: (1) Private sale for accredited early customers for large-scale subscriptions, (2) Public Pre-sale for general customers and (3) Crowd-sale for general customers.
- WHAT ARE THE TERMS OF THE D1 PRE-SALE?
Pre-sale is for general investors except for USA, China or Singapore citizens.
Pre-sale starts on Q1, 2019.
The price per Token in the Pre-Sale is as indicated below.
- $8.5 – for each Token from 1 to 2.500.000
- $9.0 – for each Token from 2.500.001 to 5.000.000
- $9.5 – for each Token from 5.000.001 to 7.500.000
- $10.0 – for each Token from 7.500.001 to 10.000.000
For information on the terms of the Pre-Sale please contact [email protected]
D1 will announce the exact dates of the pre-sale later.
- WHICH PAYMENT METHODS WILL BE ACCEPTED TO BUY D1 COINS?
Bitcoin ("BTC"), Ethereum ("ETH"), "USD", "EUR" and "GBP".
- AM I ALLOWED TO PARTICIPATE?
Different countries have different approaches to crypto assets. Each participant is responsible for determining if they can participate in the token sale based on their citizenship/jurisdiction/place of residence. Persons resident or domiciled in the U.S., Singapore or People’s Republic of China and persons in any location in the U.S. are not allowed to participate.
- WHEN WILL D1 DISTRIBUTE THE PRE-SALE COINS?
D1 Coins will be distributed to purchasers' wallets within 1 month from the date the Crowd-sale ends.
GIA-certified investment grade diamonds back D1coin.
We will take the time mentioned above to get your diamonds delivered to our Vault in Singapore, get checked for compliance and safely deposited in the vault.
- WHEN WILL I GET D1COINS?
Tokens will be locked up until the end of the sale. D1 Coins will be distributed to purchasers' wallets within 1 month from the date the Crowd-sale ends.
- WHAT IS THE TYPE OF D1COIN?
The D1 coin is an asset-backed token, which provides an opportunity to exchange X coins for diamonds from the safe storage facility, which underpin the cost of D1.
- WHEN WILL IT BE NECESSARY TO LINK A WALLET TO A PERSONAL ACCOUNT?
During the invoice creation process, a contributor will have to provide a PUBLIC key to his wallet.
How diamonds will be the future of asset backed tokens
Blockchain and tokenised investment grade diamond opportunity
Inside the D1: look at our diamonds
Interview with D1 advisor Alexei Chekunkov