Post
Topic
Re: [ANN] [ICO] (CED) CEDEX 1st Ever certified blockchain diamond exchange
by
cedex.community
on 03/04/2018, 15:11:56 UTC
Tell me, what do holders of tokens get? Do I need to undergo the KYC procedure for participation?

To participate in the ICO you have to go through KYC.
As far as what token holders get, it is a utility token.
There are many values for the CEDEX coin once the platform goes live:
-Traders who want to purchase diamonds via Diamond-Smart Contract on the CEDEX platform will have to purchase CEDEX Coin to carry out their transactions.
-Payment to and for all service providers, such as the gemological labs, custodian, insurance and transportation will only be done using CEDEX Coin.
-Later, once additional financial products are developed, traders opening a short position will use CEDEX Coin to cover the collateral and borrowing fees.
-Traders will be able to use their portfolios as collateral to receive CEDEX Coin loans.
-Purchasing diamond derivatives.
We also believe that that usage of the CEDEX Coin will go beyond just the exchange and into the diamond ecosystem.