D1 is named after M1, a term from economics that refers to the base money supply, i.e., all money and equivalent funds circulating in the economy. D1 represents diamonds traded in the economy, which is valued at US$1 trillion. In one US dollar you have a small fraction of the total M1 of US$3.62 trillion; in the D1 coin you have a portion of the officially certified reliable storage of high quality diamonds.
The D1 Coin is a diamond-based token, with each D1 Coin pegged to the value of a share of a genuine natural diamond, a proxy for ownership of a share of the world’s diamond reserve that has proven to be 100 times more resistant to devaluation than the US dollar. The fundamentals of the diamond market are impressive. According to Bain & Co., over the next decade there will be a supply shortage that will be greater than today’s total world diamond production. Diamonds also have the potential to become more complex. The diamond will carry a lot of valuable information about its origin on the blockchain. Imagine that you are a loving father and want to offer your daughter a diamond. What would you say if it was not just a diamond, but a precious stone that, after billions of years underground, saw the light of day on the very day of her birth? This additional information will differentiate individual stones from each other, enable collections, auctions, highlight rarity, enrich numerology and astrology, and reveal entirely new aspects of diamonds, leading to a growing demand for natural diamonds. Last but not least: the demand for explosions
. In the 60s, the Japanese bought any diamond; in the 70s they adopted the Western practice of buying diamond engagement rings, and within a decade Japan became the second largest diamond market in the world after the United States. What is currently happening in China and India is history repeating itself, but on a scale that is 10 times larger. D1 uses modern technology to make diamond ownership easier, faster and more fun. And it opens up the world of diamonds not only to those with $10,000 to spare, but also to those with $10. An important difference between dollars and diamonds is that governments can print diamonds when they need them. The D1 coin is a digital reflection of a brilliant, precious and precious natural wonder & ndash; polished diamond.
