Topic: [ANN] [ICO] KELA: DIAMOND BACKED CRYPTOCURRENCY (Read 1527 times)

How is ICO going? What are the last news of the project? Is there anything new, interesting and profitable? 

Now I have KELA coin in my portfolio 

I think this is nice Project sir! Reserve indonesian translation if needed

Bitcointalk account URL: https://bitcointalksearch.org/user/arteezyrtx-1059021
Bitcointalk name: Arteezy.rtx
language: Indonesia
Rank: Full Member
Your choice to translate: (ANN, BOUNTY and WP)
Are you ready to post and moderate: yes
Translation portfolio link:
https://bitcointalksearch.org/topic/ann-pre-ico-heardbeats-langkah-berikutnya-di-konser-live-2338162
https://bitcointalksearch.org/topic/ann-ico-florio-platform-kesehatan-berbasis-blockchain-pertama-2350640
https://bitcointalksearch.org/topic/annicoorio-kryptocurrency-yang-paling-stabil-dan-aman-oleh-zvr-mechasm-2316515
https://bitcointalksearch.org/topic/ann-veritium-token-pre-sale-aktif-sekarang-2312258
https://bitcointalksearch.org/topic/bountyico-arousal-tokenars-global-exchange-memberikan-5-token-2309928


regards!

I find this project interesting and it may suit some investors needs. Not everyone is interested in 100X returns ICOs like Tezos  

I find it ironic that the ONE crypto that offers a redeemable asset is the one that you have an issue with

But you ask a very good question. As we write on the site and in the video explanation, we will be posting all of the diamonds' certificates up on our site so that they can be publicly viewed. A diamond certificate is like its ID. It gives you all of the information about it so you can check for yourself its value without having to trust us.

How can we be sure that the diamonds are real? Cryptos is about trustless environment, should we trust that the diamonds are real?

Thanks mate! Don't forget to check out the competition page for some free coins
https://www.kela.io/competition.html

Am happy for the enthusiasm. Please tell a friend to tell a friend. Get them to review the ICO and make investments in this big project. Look forward to having you on the team.

Thanks!

You can read more about it on the site. For some free coins, check out the video and competition page

https://youtu.be/Yd4N9Ebzf5w

https://www.kela.io/competition.html

And of course, if you have any questions, ping me.

Sounds like a good plan

Did you see the competition we have going to get some free coins?
Here's the link to the video: https://youtu.be/Yd4N9Ebzf5w
Here's the link to the page: https://www.kela.io/competition.html

Let me know if you have any questions.

As a trader in fx and now focusing on cryptos I am going to get me some!

No need to apologize my friend. When developing a crypto, you can let the pricing be fixed by the supply and demand or you can fix it (pegging the price is the term that we use) to an external price.

In this case, the external price is the IDXUSD which is the tradable diamond index. You can read about it here www.liveratesfeeds.com/idxusd.html if you want.

I hope this answers your question. If not, let me know and I'll explain differently.

Dont you think when it hit exchange, the price will be based on supply and demand?
Why do you say the price will be 100℅ of physical asset (red : diamond)

Please explain, I dont understand at this point. Sorry for my bad.

Don't forget to put it in your calendar. In the meantime, you can read this article which gives a quick and easy to read overview - https://medium.com/@ludovic.vuillier/the-coin-that-wont-make-you-rich-dd3cf218430a

Feel free to share and comment on it.

Thanks

Hello, thanks. The ICO commences in less than a month now. Just counting the days. We will be glad to have you on board. 

What we are creating is a coin with the following characteristics:

a) Stability. The price is pegged to the IDXUSD. The volatility of Bitcoin and other cryptos can be very exciting while it’s going up but many analysts agree that something that goes up that fast will have an even faster reversal. Will it go back up later, some will and some won’t. That means people are putting their money into a very volatile asset, in other words a very risky asset. By pegging the price to the IDXUSD, it is giving the coin price movement but not extreme volatility. Meaning there is inherent stability in the coin. This also blocks people’s ability to pump and dump the coin which has been a problem for a number of coins.

b) Security. Kela is backed 100% by real diamonds. Because, unlike even fiat currencies, there is a use for the physical asset itself. Not only are diamonds used in jewelry, they are also used for industrial purposes, in medicine, in food and in energy. This means that even in a worst case scenario of a financial apocalypse worldwide, the diamonds themselves still have value since they can be used and traded. The diamonds will be held in a secure vault (all certificates of the diamonds will be made publicly viewable) so that should something happen, the coins will be redeemable for diamonds. Because the price is pegged to the IDXUSD which is based on the price of diamonds being traded, at no point will the crypto not be fully backed by diamonds, unlike some coins that limit the backing only to a certain price.

Read our white paper here: https://www.kela.io/whitepaper.html


Over the past 10 years, diamonds have increased an average of 4% per year. It’s expected that diamond prices overall will increase by an average of 6% per year until 2020. Unlike other gemstones, there is a benchmark price for diamonds making it easier to determine its trading and market value. This then makes diamonds a great hedge against inflation.


We propose an exchange built on the blockchain for all tradable financial assets, not just cryptocurrencies.
1) You, the trader, connect directly to our exchange
2) You can then trade stocks, commodities, currencies, etc.
3) Payments are taken directly from your account when you purchase an asset; payments are made directly to your account when you sell an asset. All payments are dealt with in real time and directly between the end accounts.
If you have a business that you want to take public, the requirements and costs for listing your company on an exchange are incredibly high! By connecting traders and companies directly worldwide we reduce all of this. The requirements and fees will be much lower thereby making it easier and more viable for you to take your company public.


The Kela Token Sale will begin on November 6, 2017 12:00:00 UTC and end on December 5, 2017 12:00:00 UTC. There will be a total of 90 Million Kela coins. 85 Million Kela coins will be issued during the token sale while 4 Million will be apportioned to the team and the remaining 1 Million will be set aside for marketing and bounty campaigns. The Kela coins will be valued at 1.2 USD per token. After the sale, the Kela coins will be added to major exchanges allowing members to trade freely and easily.



85% of the money raised from the ICO will be used to buy the diamonds (we can buy at a discount of 15% on average) so they will still be worth the full 100%.
5% will be used to cover the cost of buying diamonds and distribution for the campaign and bounty.
10% will be used in the development of Kela's blockchain infrastructure.
These funds will be distributed as follows:


LUDOVIC VUILLIER-CEO
Ludovic has over a decade of experience in the financial markets as a consultant and advisor. Ludovic has mostly worked with the sales side of the industry hiring, training and managing sales teams and call centers. As an advisor to companies, Ludovic has helped management teams improve their work with their sales teams thereby increasing their revenue while helping them negotiate better deals with their suppliers and partners. In the past year, more focus has been given to the operational side of the industry for the purpose of integrating and operating the tradable diamond index (IDXUSD) worldwide.
https://fr.linkedin.com/in/ludovicvuillier

JORGE SEBASTIAO-CTO
Jorge is an International ICT speaker. Seasoned managed services, cloud computing, cyber security, blockchain, big data, IoT and ICT innovation professional focused on business value; brings experience, creativity, structure, motivation, & agility. Over 30 years of ICT experience, covering, managed services, cyber security, innovation, architecture as well as risk management, compliance, auditing, certification, business continuity, & disaster recovery. Served sectors include Telecom, Oil & Gas, Financial , Government, Defense, HealthCare, & Education. Created the process A6 of security: Assess, Architect, Apply, Administer, Awareness & Agility. He architects practical & business focused solutions using standards & industry best practices.
https://ae.linkedin.com/in/sebastiao

Talk to us and follow our conversations on:
Telegram: https://t.me/kela.io
Facebook: https://www.facebook.com/kela.io/
Twitter: https://twitter.com/liveratesfeeds
Linkedin: https://www.linkedin.com/company/live-rates-feeds