What is iCoin about?
iCoin is tokenizing the most valuable commodity in the world - diamonds, symbols of eternal love, commitment and romance, as well as excellent industrial elements. The symbolic meaning is related to the eternal historic conversation, the name of the stone which comes from the Greek word adamas, which translates to "invincible".The Impact of Blockchain Technology on the Diamond Industry.
Like other large industries, blockchain has a lot to offer the diamond industry from its various breakthrough features. This can be summarized into three Qs: transition, traceability and tokenization.
Transparency
In an age where the global diamond market is taking the steps necessary to ensure sustainability and the environment with members of the conflict (or blood) of the diamond trade and become 'ecologically obligatory', blockchain technology has sought - and has proven - to be the best solution.
The diamond trade continues to increase for the industry, even by implementing the Kimberley Process. The Kimberley Certification Process Scheme asks local governments who work with international organizations to ensure each batch of diamonds from the area is certified.
But, let's face it: humans generally don't trust (centralized) organizations today; they trust technology more, because they can get insight into what's happening behind the scenes. In addition, it requires complicated and complicated certification, with many processes and players leaving a lot of room for bad actors - while they claim to have a 99.8 percent success rate.
The process can be more efficient by applying blockchain technology to send real-time data, from mines to jewelry stores. Blockchain Allows central authority to use sources of truth where work relationships must work together (reach consensus) for transaction approval. This will complete the mining process, transparent.
Traceability
Blockchain offers perpetual records of stored data, which implies that after the whole process, it cannot be tampered with. All data mining (timestamps, outputs, values) will be returned permanently on the blockchain. Thus, diamond collections can be easily traced back to where they were obtained in full while reading their 'clean' diamonds.
In addition, auditing is very important for building resources throughout the diamond supply chain, and blockchain provides a platform for auditing and regulatory regulation.
Tokenization
For some people, the fact that Bitcoin springs to mind about the mention of blockchain proves the fact that technology 'does not yet exist'. However, blockchain technology is not synonymous with Bitcoin; one of the many applications is in the development of digital currencies (cryptocurrency), Bitcoin is an example.
Based on the blockchain technology when it was developed, a large ledger published by the public to be published and published, Bitcoin, is now clear about the blockchain technology which offers unlimited applications of the P2P digital currency system: it can be used to store the required information, which at at that time the value of the Internet was being developed.
Blockchain technology uses a large distributed book system to store data safely and forever in a container called a block. Several use cases continue to be discovered, with new blockchain platforms popping up now and then. One of the innovations developed to exploit the full potential of blockchain technology is a smart contract. Smart contracts are self-executable blocks of code that can be moved to a smooth, automatic and secure token block.
Stemming from the need to eliminate third parties, smart contracts and tokenization work together, allowing node to carry out transactions without trust. This implies that contracts can be made between individuals and actions that have been taken automatically as needed, without the need for a third party to be approved by the contract. So, for example, a landlord who can rent a house can cancel the lease agreement and make a smart contract to execute after the funds are sent to a unique wallet address. Tenants will then get a digital access key after payment is received.
In 2013, Vitalik Buterin proposed Ethereum, an open-source platform with a low entry barrier to allow programmers to easily develop and use decentralized applications (dApps). This development was carried out through a crowdsale between July and August 2014 and the platform aired before the end of July 2015.
Digital Digital. Decentralization applications began to be developed in various industries, ranging from agritech, health care, starting, government, and even the diamond industry.
Tokenization
Gold is generally preferred as a store of value by investors, mainly because there are easier ways to standardize its value. Diamonds are also a valuable natural resource, and they can easily overtake gold as a top choice for investors because they are easily carried and provided easily.
Blockchain provides a viable solution, with a decentralized irreversible ledger designed to track each diamond's data (including value and origin). For the streamlining process, diamonds can be grouped into sets with the same value, and each set is packaged and verified on the blockchain. After this is done, users can track diamond trading and movements throughout the supply chain using a unique ID on each set.
In another scenario, after information about each batch of diamonds has been registered on the blockchain, it can be agreed to be pegged. The token can then be used as a transfer value to buy diamonds. That way, traders can prove the origin of diamonds and prove they are sourced ethically.
Overall, blockchain technology can help overcome the current shortcomings in the diamond industry, mostly sustainability and resources. This will definitely open more ways to divert the attention of the entire industry to trust clean and sustainable diamonds.
The company is launching an initial offering (IEO) with the aim of accessing collaborative diamond extraction. IEO provides what is needed to get the engine and power needed to do the operation. By doing this, the token owner can play an active role in the story of Millennium Mining Corp by directly involving an important part of the company turnover.
Duration 1 June 2019 - 1 July 2019
Token Name: ICOIN
Total supply of tokens: 1,550,000,000 tokens
Minimum purchase per address: 100 ICOINAccepted currencies: BTC, ETH, USD through WorldMarkets.io
Token emission price: 1 USD / token
Distribution: Will happen instantly. After the IEO period has passed, investors will be able to trade or withdraw tokens.
Soft cover: 3,500,000 ICOIN
Hard stamp: 10,000,000 ICOIN
Sales Token Bonus: 3% of the total supply of tokens
YEAR Profit% Estimated cash
(USD / million)
Impact on ICOIN
(% Transition)Year 1: 100% $ 3,500,000 200% ($ 3)
Year 2: 100% $ 6,000,000 400% ($ 5)
Year 3: 80% $ 25,000,000 1000% ($ 11)
Year 4: 70% $ 50,000,000 3000% ($ 31)
Year 5: + 50% $ 50,000,000 5000% ($ 51)
ROADMAP
2019 Q3
Launch of iCoin InternationalInitial Kickoff Exchange Offer
Q4
Machine acquisition
Site preparation
Labor Mobilization
River diversion
Extraction kickoff
2020Q1 - Q4
Return on investment
First market injection
Mining growth potential
Identification of other mining locations
2021+
sustainable market injection
Other types of natural resources
Operating expansion
Team
Joseph Goldblatt: Manajer Proyek
David Hauck: COO
Solomon Bleier: CFO
Sherman Cheung: CSO
Anders Johnsson: Penunjukan
Sam Levin: Penunjang
Tudor Vesa: Penunjukan
For more information, click the link below:
Website: http://bit.do/e3VkH
Whitepaper: http://icoin.ws/whitepaper
Telegram: https://t.me/projecticoin_group
Facebook: https://www.facebook.com/projecticoin
Twitter: https://twitter.com/projecticoin
Thank you for my success
Author: JANGANGALAK
Link Profil: https://bitcointalk.org/index.php?action=profile;u=2604214
ETH: 0xb0cE36EC082A15E3000bb080381E6E4e166dc3E0
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