The diamonds? What are you talkink about? Are they just suporting by them or what?
From the whitepaper:
CEDEX is built on four pillars: The DEX proprietary technology, blockchain technology, diamond tokenization and the CEDEX Coin.
Section 3.1 presents the way the DEX establishes transparency and standardization in diamond trading. Section 3.2
discusses the tokenization of diamonds. Section 3.3 maps the CEDEX solution in the domain of blockchain-based
exchanges. Finally, Section 3.4 outlines the CEDEX Coin.
Please take a moment to read those sections, it explains the entire process in just 3 pages:
https://cedex.com/img/Whitepaper.pdfThis really confused where to get complete information about the cedex to understand because you are mentioning diamonds and DEX, but how are these two different in real time environment.
The Dex: What determines the price of a diamond.
The 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: the gem composite, which represents a diamond’s gemological perfection; the parallel composite indicating the rarity of a diamond category and the indices composite, giving potential traders market directions for the diamond industry. 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.
After a set value of a diamond has been determined, a diamond token is created. All this is is a digital representation of that diamond on the Cedex platform.
Cedex Coin: The CEDEX Coin will be the only means of payment used on the CEDEX exchange.
The CEDEX Exchange will be powered by the CEDEX Coin. This ERC-20-compatible token will be traded over the public Ethereum blockchain and will allow users to purchase diamonds on CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX Exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on major exchanges (to be announced) and will be transferable to other cryptocurrencies and fiat currencies.