NFT
Tiamonds: Revolutionizing Diamond Ownership with Blockchain-Powered NFTs
Jan 4, 2025
3 Min
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Tiamonds is an innovative platform that bridges the traditional diamond industry with blockchain technology, enabling the tokenization of real-world diamonds into non-fungible tokens (NFTs). Each Tiamond NFT represents 1:1 ownership of a physical, certified diamond securely stored in a vault in Liechtenstein, near the Swiss Alps. These diamonds are insured by Lloyd's of London, ensuring their safety and authenticity.
Key Features of Tiamonds:
- Tokenization of Diamonds: Tiamonds transforms physical diamonds into NFTs, allowing for fractional ownership and easier transferability.
- Secure Storage: The diamonds are stored in a highly secure environment in Liechtenstein, ensuring their safety and integrity.
- Insurance Coverage: Each diamond is insured by Lloyd's of London, providing additional security to investors.
- TIA Token: Tiamonds introduces the TIA token, a community-driven DeFi token based on the ERC-20 infrastructure. The TIA token is designed to be deflationary, with mechanisms to reduce supply over time, potentially increasing its value. The tokenomics include:some text
- Reflection: A 5% fee on every buy, transfer, or sell is redistributed to all existing holders.
- Rebalancing: A 2.5% fee on every transaction is automatically converted into LCX tokens at Uniswap, with the acquired LCX tokens added to LCX's long-term reserve.
- Burn: A 2.5% fee of the TIA tokens is burned automatically, reducing the total supply.
- "Own to Earn" Model: Tiamond NFT owners receive TIA tokens over a period of 1 million minutes (approximately two years), with each Tiamond earning 1 TIA token per minute. The first generation of Tiamonds will distribute 100 million TIA tokens among participants in this model.
Purchasing Tiamonds:
To acquire Tiamonds, follow these steps:
- Log in to tiamonds.com or make an account on LCX.
- Navigate to the marketplace and select the Tiamond you wish to purchase.
- Choose from the available payment options, including various cryptocurrencies.
- Complete the transaction to receive your Tiamond NFT.
For more detailed information, refer to the official Tiamonds website or the LCX platform.
For a comprehensive overview of Tiamonds and its potential in the tokenization industry, you might find the following video insightful: