there're a lot of project similiar to that one a years ago,
and also it's not the first time i heard a project backed so called 'diamond' or something like that.
even them who has delievered it in the end they ran away with costumer money.
it's a cover just to gain an attention from people and want to collect money in an easy way.
how can a project based and backed by the diamond running an ICO or IPO or something like that?
trully ridiculous in my opinion
and also it's not the first time i heard a project backed so called 'diamond' or something like that.
even them who has delievered it in the end they ran away with costumer money.
it's a cover just to gain an attention from people and want to collect money in an easy way.
how can a project based and backed by the diamond running an ICO or IPO or something like that?
trully ridiculous in my opinion
Hey, let me explain to you how we are different
First of all, look at the parent company - Live Rates Feeds. Who have created the world's first tradable diamond index. So we're not talking about a fly by night company, nor are we talking about a company that doesn't have it's basis in the diamond world. www.liveratesfeeds.com
Second, if you look at the info on the site, you will see that we start purchasing diamonds as soon as money comes in. Were we to run away with the money, then our entire company would close and what we created - the only tradable diamond index (the IDXUSD) would be completely useless and gone. And for what? For an ICO? God no. We're in the process of having some of the world's biggest stock exchanges do Due Diligence on the company since we already have 3 of the world's biggest stock brokers interested in adding this to their portfolio. If the ICO in any way endangered that, we would immediately close the ICO simply because it would not be worth it.
Third, regarding how a project can be backed by a diamond. The project is not. As in every industry, there is a small difference between the retail and wholesale price. That little difference is what gives us the cash to expand our day to day operations at Live Rates Feeds. The diamonds are there to give security to the coin holders in a manner that is completely unrelated to the Project being funded.
I am certain that as a smart thinking man (or woman) if you look at the details and the information on the site you would find the company and its projects to be far from ridiculous.