Fancy colored diamonds are amongst the most valuable and rarest diamonds in the world. They have been utilized for centuries for investment and as a status symbol. In recent times, the fancy colored diamonds have been setting records in price appreciation. Right now, the super-only the super-rich can access these rare and valuable diamonds. They sell for millions if not tens of millions of dollars in major auction houses globally.
What Is Argyle Coin?
This project wants to make sure that these diamonds are not just available to the super-rich. With the help of the blockchain, Argyle Coin Corp wants to open up investment in these rare diamonds to the masses.
The Problem And Argyle Coin Solution
Diamonds are a globally accepted asset. However, up to now, there has been no way to transact these assets in a fast manner in line with the modern economy. The Argyle Coin will fill this need. It will create a global crypto coin that will be complemented with a proprietary wallet, an exchange, and multilateral financing. This will create an online marketplace for financing, trading, and paying for valuable diamonds that use the blockchain. It is worth noting that only one in 10,000 diamonds is fancy colored.
The Fancy Colored Diamonds Market
The Argyle Coin will focus on the market of fancy colored diamonds. Their attractiveness and rarity have led to centuries of inherent worth. The demand for colored diamonds has led to a price increase of up to 40% per carat in the past 10 years. In 2017, over $1.1 billion worth of extreme top-end diamonds, colored gems, and jewelry were sold at auctions. Some of the notable examples of fancy colored diamonds sold were:
- 12.03-carat Blue Moon at $48.4 million (November 2015)
- 14.62-carat Oppenheimer Blue at $57.5 million (May 2016)
- 59.60-carat Pink Star at $71.2 million (April 2017)
In the last eight years, starting in 2009 to 2016, the pink diamonds saw their price grow by almost 180%. Blue diamonds had seen a price increase of 70% in the same period. These diamonds have been the preserve of royalty and the ultra-rich for centuries. However, Argyle Coin wants to change all that. Anyone will be able to own and invest in these amazing assets.
About The Argyle Coin
The Argyle Coin will be the first coin to issue an ICO that is based on over $25 million of fancy colored diamonds. The diamonds will be held in a vault of Malca-Amit. This is a globally recognized leader in the vault services sector. Third-party auditors will conduct access to these diamonds.
Argyle RGL Token ICO Details
Parameters Of The ICO
- Token: Argyle Coin
- Ticker: RGL
- Maximum Token Supply: RGL 100,000,000
- Tokens to be sold: RGL 3,462,000
- Tokens at the Pre-ICO: RGL 300,000
- Hard Cap Pre-ICO: $3,000,000
- Tokens at the ICO: RGL 2,700,000
- Token Price: $10
- Token Date Sale: August 27, 2018
- Sale Duration: 60 Days
- Type: Ethereum Private network with their own Genesis Block
- Sale Time: 13:00 UTC
- ICO Soft Cap: $15,000,000
- ICO Hard Cap: $27,000,000
- Currencies Accepted: ETH, BTC, BCH, and LTC
- Max Decimals: 18