Argyle Coin, a blockchain-based platform to buy and sell fancy colored diamonds, will protect its investors with two measures, viz. a bond and $ 25,000,000 of fancy colored diamonds. It will also be the first cryptocurrency in the world designed specifically for the execution of smart contracts for efficient online trading of fancy colored diamonds.
26 August 2018
Following the recent announcement of its blockchain and token (RGL), Argyle Coin has now emerged as the first cryptocurrency in the world that fully supports investors with a bond as well as fanciful colored diamonds that are worth a huge $ 25,000,000. The goal of this platform is to create an efficient online market for financing, exchanging and paying valuable diamonds, leveraging the power of blockchain technology.
Diamonds have always been extremely popular among the richest investors in the world. However, the industry suffered due to the lack of a global currency capable of facilitating these multi-million dollar international transactions at the desired speed. Argyle Coin is ready to overcome this industry limitation with its blockchain-based online market complemented by a proprietary portfolio, a currency exchange and a multilateral funding structure.
Argyle Coin also has the distinction of being the first cryptocurrency to be designed specifically for the purpose of facilitating smart contracts for superfast online trading of colored diamonds. In addition to the normal purchases and sales, these intelligent contracts will also open the way to the fractional ownership of the most expensive fancy colored diamonds. This will undoubtedly expand the global diamond market with the inclusion of interested retail investors and collectors who are unable to afford a multi-million dollar diamond.
Argyle Coin's RGL token stands out from its rivals by supporting the value of its pawns with something tangible, fancy colored diamonds worth millions of dollars. To be precise, $ 25 M purchased by principals and 60% from ICO funds in fancy colored diamonds will be held by Malca-Amit's leader in classifying management. The storage and access to these diamonds will be verified by an independent auditor who will publish a semi-annual access report and an annual insurance declaration.
In the near future, Argyle Coin plans to create the company's coin exchange to ensure a convenient and secure online access to RGL tokens for clients. Users will also have their digital portfolios to interface with other cryptocurrencies like Bitcoin, Ethereum and Litecoin. By building a complete trading infrastructure, Argyle Coin is looking to offer a robust and always available global trading market for colorful fancy diamonds.
Based on the Ethereum network, Argyle Coin token (RGL) is ERC-20 certified and uses a new blocker based on Ethereum Code to develop smart contracts. In order to provide the initial inventory for smart contracts, Argyle Coin has recently partnered with renowned diamond color traders such as H. Siegel Fine Auctions, Rare Colored Diamonds and many others.
Argyle Coin Corp is the brainchild of Jose Aman, an international financier with over twenty-five years of experience in the diamond industry. It was introduced in the crypto currency in 2013 by its now Chief Information Officer Anthony Eusebio. Argyle Coin arises from the need of Jose to increase the footprint of the e-commerce of the industry and the vision of diamonds to offer a stable cryptocurrency based on fancy colored diamonds.
Expressing optimism about Argyle Coin's future, Jose said: "I see a future with Argyle Coin thriving as an e-commerce token used online and in the real world not just for diamonds, but for every possible scenario in which to monitor , commitment, investment, purchase and sale will be done efficiently. "
To learn more about Argyle Coin, visit https://www.argylecoin.io/
About Argyle Coin: Argyle Coin it is the first cryptocurrency to offer the public the opportunity to buy and invest directly in the growing market of colored diamonds. The company is creating a new platform to buy and sell fancy colored diamonds through a safe, effective and fast system. It is an end-to-end solution with its own token and diamond verification, negotiation and tracking systems.
Anthony Eusebio – [email protected]
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