The True ‘Diamond’ of Crypto

Argyle Coin
Aug 31, 2018 · 6 min read

Current Euphoria of the Fancy Colored Diamond Market

The fancy colored diamond industry is always popular among investors. For centuries they were a source of profits and true portable wealth as an asset tradable in any major city. There is a 1 in 10,000 chance that a diamond will possess any natural color. Carbon must interact with other trace elements deep inside the earth. Over millions of years, extreme pressures come together to create one of the Earth’s natural wonders. Rarity and their beauty are key reasons they are so highly valued. Fancy colored are the most valuable gemstones on a price-per-carat basis. All of this often makes investment in fancy colored diamonds a long-term strategy with investors receiving sustained financial gains. This great history was recently fueled with fancy colored diamonds dramatically increasing in value in the last 15 years — in some cases up to 300% and consistently reaching new market heights.

For example, fancy pink diamonds increased by 443% from 2003 to 2011, and fancy intense blue diamonds increased by 110% between 2006 and 2011.

Blockchain & the Diamond Industry

Currently, the diamond industry is implementing blockchain technology because it enhances security and reliability making transactions global and 24/7 from any laptop or smartphone in the world. Then with Argyle Coin’s smart contracts, blockchain technology will make fancy colored diamond investing even more popular with investors who never before owned or even wore a diamond. Investment in the diamond industry will be a viable option for a whole new pool of investors who now can make purchases through blockchains that supply the tools for price-tracking, authentication, transferability and create an online market of buyers and sellers from all over the world.

Current Market Problems

Some of the current tokens focused on diamonds rely on incremental worth based upon market speculation. Purchasers have a ‘best guess’ as to a token’s worth with no inherent value that can be correlated to fancy colored diamonds themselves.

Investors need to evaluate a token’s real value and the risks undertaken with their assets with any purchase.

These risks include:

  • lack of security for token buyers and holders
  • compromised anonymity of founders behind projects
  • lack of tangible values

Solutions

In order to create a platform to truly globalize, commercialize and track diamonds, a token must first satisfy the necessities of today’s current financial environment with a decentralized coin offering providing users with a range of incentives, such as:

  • increased transparency
  • enhanced security
  • assets available for redemption
  • easy-to-use platform for trading

What Is the Argyle Coin, and What Does It Offer?

The Argyle Coin is the first cryptocurrency correlated with natural fancy colored diamonds. The project’s platform also aims to provide purchasers access from their laptop or smartphone anywhere in the world to directly purchase, trade, and invest in fancy colored diamonds.

Based on blockchain technology, the Argyle Coin offers a fast, highly secure, advanced system that creates a global market for fancy colored diamonds. The templates provided simply create smart contracts controlling management and execution, which ensures fair trading conditions among parties.

With the Argyle’s smart contracts, it is possible to arrange:

  • providing a digital provenance (like a digital “fingerprint” showing the origin and chain of title) of each diamond from the moment it comes out of the ground
  • providing a worldwide marketplace for multilateral financing
  • enabling smart contracts to allow for whole and fractional purchases & sales

Unique and Real Economic Solutions

Today, hundreds of new altcoins are cropping up. Many of them are likely to fail. According to DeadCoin, by May 2018, over 800 altcoins had come and gone. Of those some never even reached ICOs, failing to overcome the difficult process of development or adverse market issues.

The main differentiator of Argyle Coin is that it correlates with a real commodity-backed asset without relying upon an incremental market-speculation. The Argyle Coin also bypasses the myriad of issues that can crop up during the ICO process by delivering a completed cryptocurrency to the market. In addition, the token’s connection to real fancy colored diamonds, will over time potentially increase the value of the token in-line with the value of the fancy colored diamond market that historically had significant gains.

Unique Argyle Coin Features

The Argyle Coin’s features include:

  • its own blockchain platform used for processing transactions
  • proof-of-work implementation to provide better security and verify all types of transactions
  • a decentralized storage unit holding physical RGL
  • RGL will trade with fiat currencies according to relevant coin value
  • smart contract tools to facilitate diamond transactions and tap into a worldwide market of investors
  • opportunity to possess the first coin created for the globalization of fancy colored diamonds

We determine that a purchase of Argyle Coin is worthy of being marked in the ‘Win’ Column. Acquiring the Argyle Coin is a great solution for your business strategies. With Argyle’s smart contracts the user is getting an alternative coin that is transparent, stable and secure.

The Argyle Coin is built on the private Ethereum-based blockchain, it encrypts. This secures all transactions and provides an environment based upon proof-of-work. It is also ASIC (Application-Specific Integrated Circuit)-resistant. This ensures equality and value for all Argyle Coin miners in their mining efforts.

Additionally, you can track, rate and allow anyone to buy and/or sell fractional ownership interests of a diamond gemstone through Argyle’s smart contracts.

Argyle also allows you to track the timeline of a fancy colored diamond ownership via blockchain technology. The accompanying software tools contain the physical properties of a diamond as well as its paper certification of origin. This primarily helps prevents fraud at all levels. It also enables wholesalers, retailers and even border agents to access actual certification with an electronic ledger. The ledger provides access to a secure digital vault and the origins of where a fancy colored diamond was mined.

Argyle Coin ICO Details

Argyle will issue a maximum of 5,770,000 RGL (RGL’s Sale Offering).
Argyle will offer 3,462,000 RGL at a price of $10.00 per coin.

  • 446,200 RGL via pre-sale
  • 3,000,000 RGL via crowdfunding

All Tokens will be allocated after the ICO offering. Crowdfunding will be completed through use of the Argyle Wallet. Buyers will be able to purchase tokens using:

  • USD during the Pre-Sale stage
  • Bitcoin, Ether, Litecoin during the ICO

Additionally, pre-sale, Pre-ICO, and ICO participants will receive a bond that helps insure functionality of the token. After crowdfunding is finished all unsold tokens will be burned.

Argyle is proud to announce that on August 28, 2018 it purchased a Guarantee Bond creating a new class of ICO.

A New Class of ICO: a Guarantee Bond for Investors

The founders, after undertaking all the technical and legal steps to bring Argyle to the market, also took out a bond that will pay back money in the event the token’s transferability is unrealized. Argyle Coin purchased a surety bond, which is a financial instrument. In the event the cryptocurrency cannot be traded from the company’s wallets due to technical issues or other unforeseen problems, purchasers will receive money back from this bond.

Thus, the Argyle Coin has created a new class of ICO that guarantees the performance of its blockchain platform. Taking into account that many cryptocurrencies fail to have a viable token traded among other purchasers, it is impressive the company seized this opportunity with buying such a bond.

These efforts will help make sure that all purchasers receive a token capable of transacting not just with other token buyers, but with other cryptocurrencies. In the unlikely event that the token does not perform as designed, the original investors will receive their pro rata portion of the bond’s value back.

This will help:

  • jump-start pre-ICO sales
  • ignite the ICO
  • garner investments from a group of educated, experienced investors

Interested? Don’t lose your chance to invest in fancy colored diamonds and potentially receive all kinds of benefits. Visit Argyle homepage for more details.

Argyle Coin

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Argyle Coin is the first cryptocurrency correlated to fancy colored diamonds. https://www.argylecoin.io

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