Perhaps you have never heard of Larimer. But, if you heard about Larimer, you probably heard about his relationship with the Dominican Republic. Some people also believe that Larimar is related to Atlantis, for example, alleging that Larimer will arise from "Atlantis blue stone was lost" and so on. They can only be found in former volcanoes of the Dominican Republic.
Atlantis Blue shows yet another real-world application of cryptocurrency, securing Larimar, a semi-precious gem. This stone is found only within a particular dead volcano on the Caribbean island of Hispaniola, alongside the Dominican Republic. Larimar is also known as the Blue Stone of Atlantis, hence the name for the platform. The Atlantis Blue Project exists on the Stellar Network, which is already well established and has a strong reputation in the crypto community. The new currency will be Atlantic Blue Digital Tokens, and it will dramatically improve the entire process of mining and selling Larimar.
Larimar are some of the rarest gemstones found on our planet Earth today. These renowned gemstones are only found, in a select one square km of Land in the Caribbean, in what was once a volcano. In terms of gem stone popularity within the World today, it’s unanimous that Larimar, are definitely highly sought after. It’s immense popularity Globally (in the West and East), is very understandable once you have witnessed the changing & shifting eternal hues of blue and green within the gemstone.
FACTS ON LARIMAR
The number one problem within the current operations of the Larimar industry, are the fluctuating price differences which can be easily spotted around the world.
Larimar , is able to settle at higher prices of 20 USD / gram and upwards (depending on the quality and color) compared to the disparity of illegally sold / grams of Larimar, selling as low as $3-4 USD a gram. It is important to know that just like diamonds, that not every stone of Larimar is the same color or contains the same quality of carat in the stone.
Actually Larimar is much brighter in colder climates, and darker in warmer climates. On average Larimar jewelry is more commonly worn during the summer months. As previously mentioned, Larimar is a semi-precious gem that is only found in an extinct volcano, on the Caribbean Island of the Dominican Republic. Its rareness is what’s pushing its price upwards, with its soaring demand.
HOW IT WORKS ?
Mining: Atlantis Blue states that it is associated with the world's only larimar. It is located in the old volcano of the Dominican Republic.
Warehouse: After mining from the mine, the larimar is sent to the warehouse, where it will be graded and weighed. The value of each stone is digitized and added to the decentralized exchange system before moving on to the next station.
Craft camp: Rough stones go to the "Craftsmen's Camp", where they undergo processing, polishing and various changes. This also means that most of the larimar will be preserved. This process prepares stones for distribution and physical sale on a decentralized exchange.
Stellar Decentralized Exchange: Atlantis Blue has a Stellar Decentralized Exchange where tokens holders can trade their digital assets in exchange for physical larimar stones. You send your tokens to AB Exchange for processing.
AB Exchange: AB Exchange is the only larimar distribution point. Companies must register on this exchange to be able to participate as an authorized reseller. There will also be physical trade of the larimaras for digital tokens. AB Exchange will also hold auctions for some of the major gemstones found on the mining website.
All transactions on the platform are carried out using the digital icons Atlantis Blue or ABDT. The exchange will place your ABDT in the Stellar wallet. You can set up your own Stellar wallet before purchasing ABDT from the company.
The company sells Atlantis Blue Digital Token or ABDT during the ICO. Will be implemented about 400 million ABDT, of which 300 million tokens will be implemented in the ICO.
ICO has six stages of development: on each of them 50 million tokens are sold. The token will increase from $ 0.10 at the initial stage to $ 0.60 in the finish phase ($ 0.10 per step).
What is a Token, and How Do You Get It?
There are a total of 400 million tokens, each representing one gram of Larimar. During ICO, 300 million tokens will be sold. The first 50 million will be priced at $ 0.10 each, with the next 50 million selling for $ 0.20. The following 50 million will have a price of $ 0.30 each, then $ 0.40, $ 0.50, and $ 0.60 for the next group of 50 million. Thus, the sooner you invest in ICO, the more tokens you will receive for your contribution.
How Will Atlantis Blue Work?
The whole process begins at the Larimar mine. The mined gem goes to the curator's warehouse for judgment and weighing. This is also where values get digitized into Stellar Distributed Exchange. The stones then go to the Artisan Camp, where they are cut, polished, and regretted. Most of them are also stored here. From there, they head to AB Exchange, the only distribution point for Larimar. To become an authorized reseller, the company must register with the exchange. This is where an auction for a bigger rock will take place. If the token holder wants to exchange their tokens for Larimar's physical, they will send their tokens here.
Conclusion
Atlantis Blue must make sure the craftsmen and miners behind Larimar receive a fair price for their work and prevent rough stones from leaving the country illegally. Since each token can be exchanged for one gram of Larimar, there are real benefits to investing in the project, in addition to the ability to help the community and protect these gems.
CONCLUSION
Atlantis Blue should ensure the artisans and miners behind Larimar receive a fair price for their work and prevent rough stones from illegally leaving the country. As each token can be exchanged for a gram of Larimar, there are tangible benefits to investment in the project, in addition to the ability to help a community and protect this gem.
FURTHER INFORMATION
Website: http://www.atlantisblue.org/
Whitepaper: http://www.atlantisblue.org/Atlantis_Blue_White_Paper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3325465.0
Telegram: https://t.me/joinchat/H7zoMBAZDRlCIIxCQ0RlfQ
Facebook: https://www.facebook.com/atlantisbluelarimar
Twitter: https://twitter.com/AtlantisBlueDT
My profile:https://bitcointalk.org/index.php?action=profile;u=2071847
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