Transparency and Trust: Diment Dollar’s Audited Diamond Reserve Sets New Standards

3 min readMay 1, 2024

Diment Dollar is the world’s pioneering pre-audited and pre-backed stablecoin. This groundbreaking stablecoin introduces a fusion of modern financial technology with the timeless allure of diamonds. Our mission is to break down barriers between traditional diamond markets and cutting-edge digital finance, ushering in a new era of innovation and opportunity.

Diment Reserve serves as the cornerstone of our platform, embodying a strategic blend of traditional diamond assets and cutting-edge financial technology. Comprising a robust diamond reserve and dynamic liquidity pool, Diment Reserve provides the foundation for the stability and reliability of Diment Dollar. With diamonds securely stored in bank vaults and accompanied by rigorous evaluations and audits, Diment Reserve ensures the tangible backing of each Diment Dollar, offering users a level of assurance unmatched in the cryptocurrency market.

Blending Tradition with Technology

At Diment, we recognize the intrinsic value of diamonds and seek to harness their stability to revolutionize the cryptocurrency landscape. Diment Dollar (DD) is uniquely anchored in a 1:1 ratio to the value of our diamond reserve in USD. This innovative approach ensures that each Diment Dollar is backed by tangible diamond assets, offering a level of stability unparalleled in the cryptocurrency market.

Assurance through Audits

Transparency and accountability are at the core of our operations. Our diamond reserve undergoes rigorous audits to ensure its integrity, while DD smart contracts are subjected to thorough technical reviews. Results of all audits are made publicly available on the Diment website, providing users with peace of mind and confidence in the stability of Diment Dollar.

Resilient Reserve Processes

Diamond Reserve Composition

Our diamond reserve comprises two primary components:

Diamonds in Vault (Value in USD): 80%
Liquidity Pool (in USD): 20%

This strategic allocation ensures that the Diment Dollar is supported by a robust reserve, minimizing risk and volatility.

Secure Storage and Evaluation

Diamonds within our reserve are securely stored in bank vaults, accompanied by Safe Keeping Receipt (SKR) documents and insured by leading global insurance companies. Furthermore, our diamond assets undergo evaluation by accredited institutions, providing independent validation of their quality and value.

Dynamic Liquidity Management

1. Liquidity Pool Management

The Liquidity Pool plays a pivotal role in stabilizing and bolstering the value of Diment Dollar. Comprising liquid funds or assets such as fiat currencies, the pool is strategically managed to ensure sufficient liquidity for Diment Dollar transactions. Our Reserve Tracking System meticulously monitors the pool’s level, taking proactive measures to maintain over-collateralization and stability.

2. DD Company Wallet

At the heart of our platform operations lies the DD Company Wallet, an exclusive digital vault dedicated to managing Diment Dollar liquidity. In addition to serving as a token-burning supply during events leading to token burning, the DD Company Wallet acts as a buffer during periods of heightened token demand, ensuring seamless service to users.

3. Future-Focused Monitoring and Optimization

Our Reserve Tracking System continually monitors the quantity of Diment Dollar and fiat money within the liquidity pool. Predefined levels trigger alerts, prompting specific operations to maintain the liquidity pool at optimal levels. This proactive approach ensures the ongoing stability and reliability of Diment Dollar, safeguarding the interests of our users.

Join the Diment Revolution

As the premier destination for diamond services and expertise, Diment Dollar invites you to step into the future of stablecoins with Diment Dollar. Explore the innovative features and unparalleled stability of Diment Dollar today, and experience a new paradigm in digital finance.

About Diment Dollar

Introducing the Diment Dollar, the pioneering pre-audited and pre-backed and pre-backed stablecoin. Anchored by the value of diamonds in USD, it ensures financial stability and trust. Through regular audits before issuance, its diamond reserve integrity is assured, setting a new transparency and trust standard. Each Diment Dollar unit is supported by real diamond value, providing users with a stable and reliable digital currency.

Write to us: support@diment.io