The WAIT for Diamond-Backed Cryptocurrency is over NOW
The wait is over now as the world's most awaited world’s first Diamond-Backed Cryptocurrency is to launch on the 18th January, as per the launching company’s sources. The instigators of the Pink Coin announce the employment of colored diamonds in the asset class as they state have not lost value since tracking started in 1959.
The world’s first diamond-backed Cryptocurrency that was proclaimed to be the launch of the company would shortly begin selling the digital coinage from January 18. The pioneer of the Pink Coin has claimed to apply the colored diamonds in the asset class as since 1959 they did not lose their value. Granting to the statement stated in the January 4, the precious investments and its subsidiary BAM (BitGem Asset Management) would shortly launch the Pink Coin crowd sale. Further, a crowdfunding process the investors would obtain PinkCoin tokens on January 18. Based on the Ethereum cryptocurrency platform, PinkCoin is backed by a group of a fixed colored diamond assets reserved in trust by BAM. The statement too states that all escrowed colored diamonds have been autonomously evaluated as well as certified and are covered by Lloyds of London. The preliminary crowd sale would include 5M PinkCoin tokens, and the opening diamond asset collection has been valued at $5 million, that means each token would worth $1 to begin with. The diamond pool would be evaluated on a regular interval. Further, the PinkCoins are redeemable for a digital currency came into the market in 2009, Bitcoins or for the individual gems based on the current rating of the diamond syndicate. Holders of the currency would be capable of switching it to acquire other assets, expected to be accessible in 2016's Q2.