The cryptocurrency industry is designed to alleviate problems with traditional banking, but there are still a number of kinks in the system, particularly when it comes to stability, transparency, and liquidity. At Carats.io, we’re working out those kinks with a solid solution. The CARAT Token acts as a new, innovative tool that allows holders to transact and store value. Plus, that value is backed by real, certified diamonds, providing the CARAT Token with full liquidity and true intrinsic value.Our diamond standard monetary system incorporates data from our state-of-the-art Diamond Pricing Algorithm (DPA) and the Get-Diamond Index (GDX), the official diamond index of the Israel Diamond Exchange. To make our system as transparent as possible, the contents of our Diamond Vault are regularly audited by Ernst & Young.
The CARAT Token allows us to breath a whole new life into the diamond industry. By applying blockchain’s distributed ledger technology to the diamond industry, we’re combining the reliability of a highly traditional space with the latest 21st-century innovations to get the best of both. While the diamond industry provides a solid foundation with practices already in place, it opens up a new menu of possibilities for token holders.
For more information on $CARAT tokenomics, download pdf here.