Opening of LKD platform, developed by Swissquote, and the first token buy back offer.

LakeDiamond
LakeDiamond
Published in
1 min readJul 1, 2019

Dear LakeDiamond Token Owners,

Once again, thank you for your trust and for participating in our company’s ICO.

LakeDiamond team is taking a decisive step with the opening of its LKD platform developed by Swissquote, and the first token buy back offer.

This offer was made possible thanks to the purchase order from a major watch
manufacturer, that was executed shortly before the platform opening. As a reminder, the token price is calculated upon the price of diamond, excluding any transformation and product development, divided by the number of minutes it took to grow.

In this case, an equivalent of 16'394 minutes were necessary to grow the diamond. As the diamond value, excluding transformation, was 10’000 CHF, the token price yields 0.61 CHF.

We anticipate very similar batches every coming weeks, for the deliveries to the watch manufacturer. LakeDiamond’s order book is filling up, which will have a positive impact on buy back offers. The sales short-term perspectives include other micromechanical parts for the watch industry, as well as pure diamond plates for the R&D.

We will keep you updated about our technical and business progress on a very regular basis.

Sincerely Yours,

Pascal Gallo, CEO

Théophile Mounier, CFO

Alex Kummerman, CIO

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LakeDiamond
LakeDiamond

Ultrapure lab-grown diamonds for high tech applications.