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1 INFINITY DIAMOND TOKEN

INFINITY DIAMOND TOKEN Whitepaper 08052020...each diamond tested (its’ test results and base line, historical data - if available, certificate data), each IDM diamond, and each diamond

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Page 1: INFINITY DIAMOND TOKEN Whitepaper 08052020...each diamond tested (its’ test results and base line, historical data - if available, certificate data), each IDM diamond, and each diamond

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INFINITY DIAMOND TOKEN

Page 2: INFINITY DIAMOND TOKEN Whitepaper 08052020...each diamond tested (its’ test results and base line, historical data - if available, certificate data), each IDM diamond, and each diamond

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TABLE OF CONTENTS

Disclaimer 4

Executive Summary 5

Introduction to Diamonds 6

Introducing Infinity Diamond Token 8

IDM Ecosystem 10

IDM Platform 11

Service Description 12

Decentralized Finance (DeFi) 15

Token Mechanics 16

The Team 17

Roadmap 18

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DISCLAIMER

This paper is a Whitepaper and its purpose is to present the Infinity Diamond Token (IDM) for token holders and platform users in connection with the proposed token launch.

The information set forth below may not be exhaustive, the products and innovative technologies described in this document are still under development and are yet to be incorporated.

Further, you acknowledge that circumstances may change and that this Whitepaper may become outdated as a result; and the IDM can update it as the changes occur, but is under no obligation to update or correct this document in connection therewith. This document does not imply any elements of a contractual relationship. Its sole purpose is to provide relevant and reasonable information to potential token holders in order for them to determine whether to undertake a thorough analysis with the intent of acquiring tokens.

Nothing in this Whitepaper shall be deemed to constitute a prospectus of any sort or solicitation for investment, nor does it in any way pertain to an offering or a solicitation of offering to buy any securities in any jurisdiction.

Nothing contained in this Whitepaper is or may be relied upon as a promise, representation or undertaking as to the future performance of the IDM Network. The agreement between the Distributor and you, in relation to any sale and purchase of IDM is to be governed by only the separate terms and conditions of such agreement.

By accessing this Whitepaper or any part thereof, you represent and warrant to the IDM, its affiliates, and the IDM Team as follows:

(a) in any decision to purchase any IDM, you have not relied on any statement set out in this Whitepaper;

(b) you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be);

(c) you acknowledge, understand and agree that IDM may have no value, there is no guarantee or representation of value or liquidity for IDM, and IDM is not for speculative investment;

(d) none of the IDM, its affiliates, and/or the IDM team members shall be responsible for or liable for the value of IDM, the transferability and/or liquidity of IDM and/or the availability of any market for IDM through third parties or otherwise; and

(e) you acknowledge, understand and agree that you are not eligible to purchase any IDM if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card holder of a geographic area or country:

a. where it is likely that the sale of IDM would be construed as the sale of a security (howsoever named) or investment product and/or

b. in which access to or participation in the IDM token sale or the IDM Network is prohibited by applicable law, decree, regulation, treaty, or administrative act, and/or (including without limitation the United States of America, Canada, New Zealand, People’s Republic of China, and the Republic of Korea). Prospective purchasers of IDM should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the IDM token sale, the IDM, the Distributor and the IDM team.

The information set out in this Whitepaper is for community discussion only and is not legally binding. No person is bound to enter into any contract or binding legal commitment in relation to the acquisition of IDM, and no virtual currency or other form of payment is to be accepted on the basis of this Whitepaper. The agreement for sale and purchase of IDM and/or continued holding of DPT shall be governed by a separate set of Terms and Conditions or Token Purchase Agreement (as the case may be) setting out the terms of such purchase and/or continued holding of IDM (the Terms and Conditions), which shall be separately provided to you or made available on the www.infinitydiamondtoken.com website. In the event of any inconsistencies between the Terms and Conditions and this Whitepaper, the Terms and Conditions shall prevail.

Infinity Diamond Token reserves the right to change the Terms and Conditions set forth in this Whitepaper, and the general Terms and Conditions as published on the Website at any time without prior notice.

All contributions will be applied towards the research, development, design, promotion, advocacy and licensing for a new blockchain-based Diamond Network Platform and its products.

This Whitepaper may be translated into a language other than English and in the event of conflict or ambiguity between the English language version and translated versions of this Whitepaper, the English language version shall prevail. You acknowledge that you have read and understood the English language version of this Whitepaper.

No part of this Whitepaper is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the IDM.

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Cryptocurrencies have been part of the world economy for almost a decade now, and a lot has changed since the year 2009 when Bitcoin was introduced to us. There are more than 2000 cryptocurrencies nowadays, more than 20 markets and the market cap has reached $208 billion, with a daily volume of more than 123 billion. Despite of the rapid growth of Bitcoins supremacy in the past two years, it has fallen to 63.7 percent.

Bitcoin and Ethereum are the two dominant cryptocurrencies, but their values are very volatile, which is perfect for speculation, which hinders their widespread acceptance in the long term. It is where the safe coins come to the game. Stable coins are a class of cryptocurrencies that aim to preserve price stability in relation to the value indicator.

Infinity Diamond Token (IDM) Project is about connecting the Diamond Industry by establishing Authority, Credibility and Traceability throughout the entire value chain.

One of the key goals of the Infinity Diamond Token (IDM) Project is to address the uncertainty issues, using blockchain technology, in order to establish a new form of cryptocurrency – a decentralized coin in which each released coin is backed by a diamond of 0.00005 carat.

IDM platform will provide the following services:

1) Diamond Origin Verification Service

2) Digital Diamond Database

3) Marketplace

4) Infinity Diamond Token

EXECUTIVE SUMMARY

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AN OVERLOOKED COMMODITY

Agricultural Commodities

Energy

Metals

Diamonds are

MORE THAN MERE JEWELLERY AND ORNAMENTS!

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In addition to use in the gemstone and jewellery industries, diamonds are highly valued for their hardness and thermal conductivity, having a wide range of industrial, medical and specialized applications within the realm of scientific research.

INDUSTRIAL APPLICATIONSUse as cutting and grinding tools such as:

Diamond-tipped Drill bits

Diamond-tippedSaws

MEDICAL APPLICATIONSUse in surgical instruments:

Scalpel for soft tissue surgery

SPECIALIZED APPLICATIONSUse in scientific laboratories:

Diamond Anvil Cell

In fact, 80% of all mined diamonds, amounting to approximately 135,000,000 carats annually are used in industrial or specialized scientific applications!

In fact, diamond is an important key commodity like precious metals with great economic significance.

• Employs 10 million people worldwide

• Global diamond jewellery sales alone is

worth more than USD 72 Billion,

increasing three-fold in the past 25 years.

AN ECONOMICALLY SIGNIFICANT & VALUABLE COMMODITY

Diamonds, being such an important commodity are being overlooked by market investors!

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INTRODUCING

INFINITY DIAMOND TOKEN (IDM)

Infinity Diamond Token (IDM) seeks to change the current situation and make diamonds more investor-friendly by revolutionizing the entire diamond supply chain from extraction, grading, authentication, cutting, polishing to retail and distribution through the effective application of blockchain technology and creating a tokenomic ecosystem within the diamond industry. IDM is a spin-off tech project from renowned diamond mining corporation, Infinity Baba Diamond Group.

The Infinity Diamond Token (IDM) will be diamond-backed token that is at the core of a tokenomy for the diamond industry. The token would allow holders to bid and purchase diamonds and can be used for settlement, with market prices decided by secondary markets.

The effectiveness of this approach comes into play when diamonds and the IDM token can both be exchanged and traded in their own markets.

The transparency of the source of each particular diamond as well as transactions can also be ensured due to the use of blockchain technology. The team has also implemented technology that ensures the authenticity of diamonds. Due to this, and the immutable nature of the blockchain, risks like purchasing fakes can be minimized.

GOLD VS PLATINUM VS DIAMONDS

Annual Supply

Current Investment Use

$146 Billion

28%

$4 Billion

19%

$40 Billion

1%

Diamond Extraction Grading & Authentication Cutting & Polishing Retail

FROM MINING TO END CUSTOMERS

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INTERNATIONAL DIAMOND COLOR CHART

COLORLESS NEAR COLORLESS FAINT YELLOW LIGHT YELLOW

The Infinity Diamond Token will focus on building a token economy around the centered upon itself. In addition to being used within our own platforms, the Infinity Diamond Token (IDM) can also be used as a mode of settlement for goods and services throughout the network as well as in real-life transactions at physical retail outlets eventually.

The Infinity Diamond Token can be traded through a decentralized exchange platform. Diamonds and tokens can be exchanged with each other. This exchange aims to grow into one where token holders can not only buy diamonds but also exchange fiat or cryptocurrency with other token holders.

The Infinity Diamond Token is issued in concurrence with the value of a real diamond, allowing for a more stable value than traditional cryptocurrencies. Also, by doing so, this would greatly facilitate trade and investment in diamonds, particularly for retail investors as issues such as transport and storage of physical storage of diamonds are effectively resolved.

Also, the ecosystem of the IDM token will be built with organic growth of user base in mind. As such, there will be a particularly strong focus on tie-ups with merchants, APPs offering games, chat and even user to user token transfer capability.

CREATING A TOKEN ECONOMY AROUND THE INFINITY DIAMOND TOKEN (IDM)

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THE INFINITY DIAMOND TOKEN ECOSYSTEM

Blockchain services and consultancy for diamond

authentication and grading

Listing on other major digital asset

exchanges

APP with Chat & P2P transfer capability

Mining of IDM through Diamond Tycoon

Game APP

Tie-ups with Diamond retailers & Jewellers

where the IDM Token may be used

Secure storage facility for diamonds to save

as repository for IDM’s diamond reserves

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INFINITY DIAMOND TOKEN PLATFORM

Infinity Diamond Token network is a platform with four services which will be running on the Ethereum blockchain. 1 token will be issued, a utility token called IDM (Infinity Diamond Token - described in the previous section), which grants access to the IDM Network services which is also a diamond-backed token itself. This project is in an early development stage and the total development phase will take up to 2 years, each service is described according to the existing understanding and vision, it will be improved and described in detail through time.

The project is driven by the market and dependent on demand. We strongly believe that long-term success for a blockchain project can only be accomplished by good networking with established diamond market players and collaboration with other blockchain projects.

Digital Diamond Database

Diamond Origin Verification Marketplace

Infinity Diamond Token

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The service is about connecting the Diamond Industry by establishing Authority, Credibility and Traceability throughout the entire value chain.

SERVICE DESCRIPTION

DIGITAL DIAMOND DATABASE

The Digital Diamond Database, will stores the information about each diamond which goes through any other service provided by the IDM Network.

It will store the data about:

each diamond tested (its’ test results and base line, historical data - if available, certificate data),

each IDM diamond,

and each diamond listed in the Marketplace.

CHARACTERISTICS The database will be compatible-it will contain the same criteria lines/parameters based on the data obtained by the laser-4C parameters specified in existing certificates

Will have a search engine with several parameters;

Search engine will also support a search by existing certificate number, issued by GIA and others

Will have an automatic data upload system, that will collect the data from other services (decentralized, Ethereum blockchain, proof of existence; not possible to type in manually);

Will be cumulative, recognizing the parameters of a diamond which already exists in the Database; If the diamond is tested by the IDM Network – a digital (and physical) certificate will be issued and stored in the Database; The list of previous owners can be displayed, if data available (Could be possibly a service of extra charge);

A historical price chart can be displayed - (Could be possibly a service of extra charge);

Comparable prices can be displayed – like Rapaport price, Market place price of similar products listed, an algorithm calculated sales price which takes in to consideration all the factors including the place of origin.

DESCRIPTION

Usage of the basic database service will be free of charge for the IDM token holders;

In-depth data about the diamond can be displayed for a fee. The model will not differ from the way most data basis work, for example, company registers - information like company name, legal address, VAT status can be acquired free of charge, but every next information category has a fee, like – list of owners and their data, collateral register, access to balance sheets etc.

The fees will be collected in IDM tokens. After IDM network receives the token, it will be burned.

The amount of fees and the categories are not set yet.

INCOME MODEL/FEES

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At least one physical laboratory will be established;

Can be developed in a legal certification center;

Digital (and physical) gemstone passport/certificate will be issued after testing and added to the Database;

Gemstones tested can be listed in the Marketplace;

Certification maximizes the value of diamond jewelry by using the only testing which can prove origins; Origin verified diamonds can add as much as 20% in value;

VERIFICATION SERVICE CHARACTERISTICS

Fees are collected in IDM

INCOME MODEL/FEES

It is a hybrid token: utility token + payment token; fulfils the role of reserve currency and stablecoin;

A standardized token: 1 IDM is 0.00005 carats and its value is US$0.10

DESCRIPTION

The diamonds are packed in a security case produced by the Kenya company ASCON (www.asconsl.com),

Insured and audited at least once in the quarter;

High level security system;

A protocol of Proof of Existence, which includes hash code of pictures, stored on the blockchain;

Backup of original data.

ASSET SECURITY AND PROTOCOL OF PROOF OF EXISTENCE

IDM Tokens are generated by the IDM network according to the amount of diamonds stored in the stock of the IDM network and according to the market demand;

IDM Tokens which are generated, but still owned by the IDM network, are stored in the cold wallet;

TOKEN MANAGEMENT

DIAMOND ORIGIN VERIFICATION

INFINITY DIAMOND TOKEN

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The IDM token holders can:

Use the IDM as a reserve currency, to keep their funds in a safe, non-volatile crypto currency – a small yearly fee will be applied to cover the storing of the asset;

Use the IDM as a payment token, a small transaction fee will be applied; Redeem IDM to physical 0.00005 carats diamond from the IDM network any time;

Exchange the IDM for an Investment diamond on the Marketplace, e.g. buy investment diamonds from certified partners using IDM

If the token holder redeems the diamonds from the IDM network – the tokens will be burned, because it will not be covered by the underlying asset anymore;

CHARACTERISTICS Only certified partners can list their products; Has a search engine by product category, location and other relevant criteria;

Has a two-way link to the Database – e.g. If the gem has been tested or has been in the Database before – relevant information about the gem, like it’s digital pass, is displayed;

After the sales operation is performed, the transaction information is added to the Database keeping the record of the gem. If it is a gem which is already in the database, a new record line is added (transaction amount, date, owner’s data.)

Prices of the products are listed in IDM (and USDT/FIAT)

The price of the diamond is determined by the seller. But the buyer will have the possibility to check historical prices if available, compare to other similar diamond prices, compare the price to Rapaport price and compare the sales price to the price set up at the evaluation process.

Diamonds bought can either be stored in IDM Networks Bank Vault or delivered to the buyer;

TOKEN USABILITY

Service can be paid in IDMs.

The list of diamonds can be viewed free of charge, but detailed information, like country located and owner, price comparison can be viewed for a small charge.

Diamond Listing fee for the sellers 0.05% of the sales price.

INCOME MODEL/FEES

MARKETPLACEThe marketplace will be a B2B/B2C platform, which connects buyers and sellers, it is a catalog of investment diamonds for sale. To list a diamond for sale:

The diamond has to have a certificate or it has to be issued;

The diamond has to be evaluated;

The diamond will be added to the Database for future tracking;

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DECENTRALIZED FINANCE (DeFi)

Decentralized Finance (DeFi) is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries. The Decentralized Finance (DeFi) or Open Finance movement takes that promise a step further. Imagine a global, open alternative to every financial service you use today — savings, loans, trading, insurance and more — accessible to anyone in the world with a smartphone and internet connection.

This is now possible on smart contract blockchains, like Ethereum. “Smart contracts” are programs running on the blockchain that can execute automatically when certain conditions are met. These smart contracts enable developers to build far more sophisticated functionality than simply sending and receiving cryptocurrency. These programs are what we now call decentralized apps, or DApps.

IDM Project will have some DeFi concepts to be introduce into the ecosystem. Some possible DeFi concepts such as:

DeFi MarketplaceAn online marketplace (or online e-commerce marketplace) is a type of e-commerce site where multiple third parties provide products or services. IDM Marketplace can move into this DeFi version for further fair and transparency of products exchange.

DeFi Asset Management ToolsIn the traditional financial system custodian, it is a specialized institution responsible for safeguarding a firm’s or individual’s financial assets and is not engaged in commercial or consumer/retail banking. In DeFi you and only you are a custodian of your own funds and assets.

DeFi Tokenization of AssetsThrough tokenization, investing is cheaper, faster, more secure and available every hour of the day. This opens up real-world assets and the world of cryptocurrencies to people who previously may not have been able to invest due to geographic or financial restrictions, and offers an alternative to traditional and largely outdated investment methods. IDM can provide other gemstones tokenization in future.

DeFi LendingDecentralized lending platforms provide loans to businesses, or the public with no intermediaries are present. On the other hand, DeFi lending protocols enable everyone to earn interest on supplied stable coins and cryptocurrencies. When IDM token becomes widely recognized, it can served as a collateral for taking loans.

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TOKEN ALLOCATION

TOKEN MECHANICS

Ticker

Token Type

Total Supply

IDM

ERC-20

1,000,000,000

FOUNDERS TEAM

PARTNERS AND ADVISORS

COMMUNITY DEVELOPMENT

MARKETING AND AIRDROP

TECHNOLOGY DEVELOPMENT

DIAMOND TYCOON

REWARDS

10%

20%

20%

20%

10%

20%

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THE TEAM

Matthew ChapmanFounder, CEO

Matthew has a long record of accomplishment in the cooperative IT sector in South Africa. After several years on the board of a IT firm, he switched to the IT segment and became Chief Program Manager Credit Solutions and Chief of Strategy Development at Andela – one of Africa’s biggest IT Service Providers.

Due to his many years of working in the field of technology, Matthew is highly experienced in all matters concerning regulatory frameworks. Matthew has a Master’s degree in computer engineering and wrote his thesis on formal soft- and hardware verification.

Jessica LektovahnDirector, Ecosystem & Community

Jessica is digital strategist at Disrupt consulting and has more than 10 years experience in IT businesses. She advises finance and telecom enterprises on digital strategy. In 2015, she was part of the of the UBS crypto 2.0 innovation lab at Level39 in London. Jessica has been working on digital currencies since 2008 and likes to play with blockchain.

Andrei ManovichLead Blockchain Engineer

Experienced in the Solidity programming language, design principles of smart contracts, and security of DApps, Andrei is responsible for building the core of the IDM blockchain and smart contracts protocol.

He started his career in the IT industry as a student, working with UI for web and mobile applications. For now, he can boast of 7+ years experience and a profound knowledge of both front- and back-end technologies. One of the key Andrei’s interests is decentralized economy.

Natasha TinaCommunity & Ecosystem Manager

In this role, Natasha is responsible for keeping track of community interest in blockchain and cryptography.

She organized the first ever decentralized finance developer conference for IDM and gathered together 100+ crypto enthusiasts in DeFi. Natasha manages 20+ blockchain communities in the USA and Europe. So far, Natasha has organized 50+ blockchain meetups.

OTHER KEY POSITIONS

Peter Hu | Marketing Director, Asia Pacific

Peter is a highly motivated, resourceful, energetic and confident marketing professional with a passion in delivering broad and integrated marketing programs that drive visible business results. He is able to distill and synthesize complex technology concepts, and market them meaningfully across traditional and disrupted domains. Exceptional work ethic and determination.

Jennifer Elizabeth | Marketing Director, Americas

Jennifer is a creative and highly strategic financial and professional services marketer with 25 years of experience developing and implementing a broad range of revenue producing and brand strengthening initiatives to drive business growth in both US and non-US markets.

Christian Rosenberg | Marketing Director, Europe

Christian has a wealth of experience from implementing digital strategy to supporting business objectives of the different product organizations in collaboration with the product marketing directors and product managers to provide strategic direction and to help meet digital marketing targets and deliverables.

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ROADMAP

IDM Token and Network Setup1Q 2020

Private Sales of IDM Token 2Q 2020

IDM Token Mining through Apps3Q 2020

IDM Token Listing on 1st Exchange4Q 2020

IDM Network Launch with Diamond Partners1Q 2021

IDM Blockchain Beta Launch2Q 2021

IDM DeFi Apps Launch3Q 2021

IDM Token Listing on 2nd Exchange4Q 2021

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infinitydiamondtoken.com