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CEDEX is the First Certified Blockchain Based Diamond Exchange
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change � enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond�s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot!
(for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange.
The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
CEDEX has a seven-stage roadmap summarized below.
CEDEX COIN TOKEN OFFERING
The pre-sale offering will be conducted over a 10-day period beginning on March 16th, 2018 at 10:00 GMT. The main-sale start date will be dictated by the completion of the pre-sale. If the pre-sale is completed within 24, hours main-sale will open at 10:00 GMT on March 17th, 2018. If the pre-sale is not completed within 24 hours the main sale will commence at 10:00 GMT on April 13th, 2018. In either event the main sale will last 28 days or until the maximum cap is reached.
– The CEDEX project will issue a maximum of, 100,000,000 CEDEX Coins. Due to the high volatility of ETH/USD rate CEDEX will cap the dollar value that will be sold throughout the Token-Sale to a maximum of USD $40 million. According to this adjustment the value of 1 CEDEX Coin will not exceed $0.8
– The public token sale will offer 50,000,000 CEDEX Coins. Currently, the CEDEX Coins are to be sold for 100,000 ETH.
– Up to 25,000,000 of the coins will be sold in the pre-sale and the remainder in the sale.
– All of the token supply will be created during the token sale and distributed once it is completed. Any tokens offered for sale to the public and not sold will be destroyed.
– As the Hard Cap for the Token-Sale will be published in ETH, prior to the Token-Sale, on March 14, 2018 08:00 GMT CEDEX will be locking and publishing the final ETH amount to be sold in the Token-sale
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 15% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonuses as indicated below:
– Pre-sale up to 25% of total CEDEX Coin � 0.3 CEDEX Coin for each CEDEX Coin purchased.
– First day of sale up to 25% of total CEDEX Coin � 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT).
– Further information and updates will be posted ahead of time on cedex.com.
The net proceeds collected in the token sale will be used as follows:
– Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below.
– Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry.
– Up to 20% for regulation, licenses, legal and operational purposes.
– Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
EXECUTION & BUSINESS ROAD MAP
The CEDEX project was launched at the beginning of 2017. The CEDEX team has already achieved extensive business and technological milestones, as illustrated in Fig. 10.
On October 2017 Tech Financials announced the project to the public. AIM Announcement October 23,2018 Below we have detailed the four milestones that are the building blocks of the CEDEX project.
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