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Fair Diamond Mining

Fair Diamond Mining

Last update of this project: 22.08.2018

Ico Quality

Main Info:
Finance:
Product:
Team:
Marketing:
ICO score

Summary

Type: Reviewed by CCBeast.com
Category: Trading & Investing
Whitelist of investors: No
KYC of investors: Yes
Goal of funding (Soft cap): USD
Goal of funding (Hard cap): 16800000 USD
Tokens for sale: 48000
Token price: 0.85 ETH
Airdrop program: No
Bounty program: Yes
Have escrow agent: No
Have working prototype: No
White paper: No
Currencies:
Platform: Ethereum
Location: 0x86fa049857e0209aa
Website: https://fairdiamondmining.com:
Links:

Description

Fair Diamond Mining (FDM) is a decentralized platform, based on the blockchain. FDM will invest in a real diamond mine in Liberia (West-Africa) which affords the local diamond miners greater share of the revenue. At the same time, Fair Diamond Mining allowing investors to earn money on selling these diamonds with less overhead due to the elimination of a middle man. FDM tokens will be used to buy equipment for the miners in Liberia. For this investment the FDM platform gets a great return of their investment of all diamonds that are mined for the next 6 years of the concession issued by the government. The platform implements state of the art equipment to scan and upload all mined diamonds on the spot. FDM platform knows for 95% what the final retail price will be and our investors will also know what we earn on this diamond real time. After scanning and engraving the diamonds we will safely store the diamonds and transport them by a helicopter. Mining in their current form are fraught with inefficiencies, security risks, and unreasonable middleman fees.

Funding Information

Start time
2018 Sep 30th
1
2
:
0
0
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0
0
End time
2018 Dec 31st
1
2
:
0
0
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0
0
Distribution
maximum allocation to investors through entire crowdsale with burn of unsold 51%
allocated to a reserve fund, the use of which is voted on by investors 29%
allocated to the development team (frozen by contract for 1 year) 15%
allocated to bounty program for community engagement 2.5%
allocated to advisors 2.5%
Bonuses and discounts
Private sale 15%%
1st round crowdsale 10%%
2nd round crowdsale 5%%

Roadmap

01.01.1970 Private sale 15% bonus until September 29th 2018

01.01.1970 Crowdsale up to 10% bonus.

01.01.1970 Investing in machinery and developing the core.

01.01.1970 Start digging in the mine.

01.01.1970 Adding more services for investors such as e-commerce platform for selling diamond

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