BITCARBON BCC IN PRE-SALE: Bid: $9,950 Ask: $10,150 Last: $10,000 Volume: $25,000,000

HOW IT WORKS

STEP
1
Submit your order for Diamond Standard coins (USD $10,000 Initial Value).
STEP
2
The Bitcarbon token is instantly delivered to your Ethereum wallet address.
STEP
3
Upon delivery of the Diamond Standard Coin (to you or to your custodian), transact the token using the Bitcarbon App.
Token BCC (Bitcarbon Coin)
Type Asset
Delivered with one Diamond Standard Coin
Initial Price 1 BCC = $10,000 USD
Live Yes
Platform Ethereum
Type ERC-20
Accepting ETH, Fiat
Site/White Paper diamondstandard.co
Tokens for sale 2,500
Tokens to be Distributed 100%
Tokens Reservedfor Team etc 0%
Hard cap 25,000,000 USD
Country USA/Bermuda
KYC Required YES
Restricted Countries Cuba, Iran, North Korea, Syria, Crimea, Region of Ukraine
Diamond Standard Coin Issuer Diamond Standard LLC (USA)
Bitcarbon Token Issuer Diamond Standard Ltd (Bermuda)

The Initial Asset Token Sale

Bitcarbon (BCC) is the ERC-20 asset token delivered with the Diamond Standard Coin, a fungible, physical commodity.

When you purchase a Bitcarbon token, you also receive a physical diamond commodity—a Diamond Standard Coin. You take delivery of your commodity, or have it sent to an independent custodian. Unlike stable coins, there is no centralized party to trust.

This sale determines the permanent content for the commodity. Each coin contains a commodity set of certified natural diamonds, with a wholesale market value of $10,000 as of the initial issue date. Subsequently, every Diamond Standard Coin, made now or in ten years, must contain an identical geological scarcity of natural diamonds, regardless of the cost of those diamonds.

After the initial sale, the value of the Diamond Standard Coin is set by the market, not by the Diamond Standard Co.

Token BCC (Bitcarbon Coin)
Type Asset
Delivered with one Diamond Standard Coin
Initial Price 1 BCC = $10,000 USD
Live Yes
Platform Ethereum
Type ERC-20
Accepting ETH, Fiat
Site/White Paper diamondstandard.co
Tokens for sale 2,500
Tokens to be Distributed 100%
Tokens Reservedfor Team etc 0%
Hard cap 25,000,000 USD
Country USA/Bermuda
KYC Required YES
Restricted Countries Cuba, Iran, North Korea, Syria, Crimea, Region of Ukraine
Diamond Standard Coin Issuer Diamond Standard LLC (USA)
Bitcarbon Token Issuer Diamond Standard Ltd (Bermuda)

How is this a commodity? Every day, we transparently bid on every permutation of natural diamonds across a broad range of gemological grades, via a regulated diamond exchange. We are one of many members (owners) of the exchange, which collects a 3.5% fee (net of liquidity provider rebate). The company must purchase a statistically valid sample, proportional to global supply. The diamonds are parceled out by an optimization system to create the Coins, so that each contains an identical geological scarcity. The public standard for the diamond content remains constant.

Like gold bars, each commodity has the same total scarcity of the natural resource, and there is no human subjectivity in the process. The diamond certificates for every coin are public, and anyone can confirm that each set adds up to the fixed scarcity expected in every Coin.

Diamond Standard will also produce a Bar with a starting value of $100,000, to be used by institutional investors and funds.

How is this a token? Each Diamond Standard Coin contains the actual diamonds, and a military grade wireless encryption chip. This chip enables real time auditing and instant authentication, and also stores a blockchain token—a Bitcarbon, enabling proofof- asset transactions. Trade the token, and you traded the Coin.

To create a Bitcarbon token, we first bid on diamonds to create a commodity set, and then assemble a Diamond Standard Coin. There is only one token per commodity. No tokens are reserved for the team or anyone else. Owners of Diamond Standard Coins always own 100% of the existing Bitcarbon tokens.

And there is no cap. The Bitcarbon token supply is constrained by the supply of natural diamonds.

How do you use a Bitcarbon? The Bitcarbon token and the Diamond Standard Coin are inseparable. The Bitcarbon is initially delivered as a fungible ERC-20 token, which you can access in any compatible wallet, and it represents a specific Diamond Standard Coin. To transact the token, the physical commodity must always be authenticated—that’s called proof-of-asset. When your Diamond Standard Coin is held by an approved custodian, they store it in a smart cabinet.

This cabinet audits and authenticates the commodity, performing the proof-of-asset. The custodian has no ability to falsify or transact the inventory. You, the owner, retain control of your private key. Using it, you can sell your Bitcarbon on an exchange, or pledge it via smart contract.

To sell it, you deposit your Bitcarbon ERC-20 token with a compatible exchange and offer it for sale.

When the Diamond Standard Coin is held by the owner (not by a custodian), the Bitcarbon token is frozen, and online transactions are blocked. But you can still sell your Diamond Standard Coin to a buyer face-to-face. Both the buyer and seller use the Bitcarbon mobile app, anywhere in the world, to authenticate the Diamond Standard Coin.

Future proof The Bitcarbon proof-of-asset protocol is designed to be compatible with any blockchain platform. Using the open API, developers can create applications or services that incorporate proof-of-asset, like an ETF, currency, or debit card. If the Diamond Standard Coin is held by an approved custodian, and there is no blockchain recorded pledge, the Bitcarbon token can be moved to any public or private blockchain, or be attached to any smart contract. There are never any fees to Diamond Standard for using the proof-ofasset protocol. Bitcarbon and the Diamond Standard Coin together form the first universal asset.

The Decentralized Reserve
Together, the Diamond Standard Coin and its Bitcarbon token are a unique physical and digital commodity, with global liquidity and a single market value, compatible with any blockchain. Only diamonds can provide a Decentralized Reserve: a deliverable commodity, owned by tens of thousands of individuals and institutions, held globally by a large variety of custodians, audited constantly, and transacted via a distributed ledger.

Delivery
Upon KYC/AML approval and payment, purchasers will receive their Bitcarbon ERC-20 token at the address of their choice. For the initial Asset Token Sale, the Diamond Standard Coin will only be delivered in the USA, although in the future, production and delivery will be offered in many more countries, and to hundreds of custodians. Purchasers may select delivery to an approved, licensed custodian in Delaware, or to an office or residence address. No P.O. Boxes. Signature with positive identification is required. For deliveries to most states, shipping and sales tax will be collected. For delivery to the Delaware custodian, there is no state sales tax, but the first year custodial fees will be collected with the execution of a custody agreement.