Carats.io and the CARAT Token
Carats.io and the CARAT TokenCarats.io is tokenizing the world's most precious commodity - diamonds. We're building a liquid method to exchange diamonds' digital value with a real-world usage and exposure to the diamond and jewelry industries. CARAT is a diamond-backed digital currency, which can be redeemed in the real-world diamond market. By being linked to a physical commodity averaging an appreciation of 5-6% annually, the CARAT Token remains one of the most stable and promising assets. Beyond being a sound use of capital, the CARAT Token will also function as a means of payment that will help kick-start the diamond and jewelry industries in multiple ways: purchase diamonds and jewellery, peer to peer payment method and a brilliant solution for the diamonds and crypto industries financing and banking issues.
What can you do with the CARAT Token
You can always exchange 100% of your CARAT Tokens to real diamonds.
Kela.cn recently became the first announced diamond and jewelry retailer that will accept the CARAT as a means of payment.
The diamond-backed CARAT will be used as an official means of payment on the IDEX platform - allowing more than 7,000 professional dealers to trade with no middleman.
The CARAT will function as a collateral and financing tool for crypto holders and diamond dealers through the Celsius Wallet.
As the CARAT is linked to diamonds - it is the first viable tool of enjoying the positive appreciation of diamonds without holding them physically.
Diamond Pricing Algorithm (DPA)The Diamond Pricing Algorithm (DPA) is the first technological, fully-automated method that allows accurate diamond pricing. Using innovative machine learning technology and advanced mathematical models, the DPA tracks real world global prices data, and accounts for 14 different parameters of pricing, creating a reliable data-driven benchmark of any diamond's perfect price point, and an unprecedented level of transparency that assures fairness on all sides. THE DPA HAS ALREADY EVALUATED OVER $ 1 BILLION WORTH OF DIAMONDS.
|The Diamond Pricing Algorithm (DPA) is the first technological, fully-automated method that allows accurate diamond pricing. Using innovative machine learning technology and advanced mathematical models, the DPA tracks real world global prices data, and accounts for 14 different parameters of pricing, creating a reliable data-driven benchmark of any diamond's perfect price point, and an unprecedented level of transparency that assures fairness on all sides. THE DPA HAS ALREADY EVALUATED OVER $ 1 BILLION WORTH OF DIAMONDS.|
Diamond Financial Index (DFX)
Diamond Financial Index (DFX)The Diamond Financial Index (DFX) is the first index created to help investors, diamond dealers, or end - users gauge the health of the overall diamond market. As with a stock index, each diamond index publishes a score to reflect the performance of the diamond market as a whole, on a graphic, linear and financial display. The DFX adds over 700,000 stones daily, which will soon grow to more than 1,000,000, and is already running and proving popular on investing.com!
The idea was born
Released Diamond Pricing Algorithm (DPA) Beta
Live data source partnerships
Officially deployed DPA
Officially launched Diamond Financial Index (DFX)
Hold first Token Generation Event
Establish “Diamond Standard” monetary system
Establish CARAT Token based financing ecosystem
DFX listing by leading world financial institutes
Avidar, who served until recently as managing director of the Israel Diamond Exchange and the Israel Diamond Institute, is currently vice president of CIBJO, The World Jewellery Confederation. In the past he held a number of top level positions with the Israel Foreign Ministry and served in several postings abroad. He was also president of the Israel-Africa Chamber of Commerce.
MBA from Recanati Business School at Tel Aviv University. Avishai is the team’s expert in all things management, ensuring that all aspects of the
Carats.io machine are running smoothly. Before diving into the diamond industry, he oversaw the sale of two of his previous companies. ClicksMob, his most recent venture prior to Carats.io, was named among Entrepreneur Magazine’s “Best Entrepreneurial Companies in America.” ClicksMob was sold to online performance marketing giant, XL Media in February 2017.
BA in Economics and Management from The Technion, and an MBA from Tel Aviv University Over the last 10 years, Gaby has risen through the ranks of the executive finance world, ultimately managing a division with an annual turnover of 100M NIS (nearly 30M USD). Most recently, he’s leveraged his experience in profit modeling as a licensed investment consultant and mentor at Technion’s startup accelerator. Gaby is the team’s token-based economy expert.
Masters in Corporate and Business Law from Bar-Ilan University. During his days as a student and intern, Dor immersed himself in corporate management, finance, law, and international trade. He and his twin brother, Or, joined the startup world as eSports gamers before moving into the blockchain space.
As part of Or’s studies and specialization in commercial law, he focused on the establishment of and relationships between companies, finances, the international trade. Both Or and his brother made their way into the fast-paced world of tech startups through their gaming activities.
Industrial and Management Engineer from The Technion. Mor began his journey into the entrepreneurial world at an early age, and by 18, he was managing a local real estate agency. Since graduating from the Technion, Israel’s Institute of technology, he’s been hard at work at several startups in operations management.
Double Major B.A. in Entrepreneurship and Business Administration IDC Herzliya. Daniel is a senior advertising, technology and media executive with over 8 years of experience in sales, business development, and media buying, planning and operations. He boasts a proven track record of expanding new and scalable businesses by building innovative sales strategies, executing strategic partnerships, developing talented teams, and successfully partnering with internal cross-functional departments.
Yuta has experience of user tracking and data analytics in the field of online marketing as a member of Metaps Inc. which is the first Japanese listed company that launched an ICO. Through communication with Asian users at LINE Fukuoka Corp., he also has contributed to overseas expansion of Japanese leading IT companies.
Born and raised in China, Ava graduated summa cum laude from the University of CT, USA in information systems. She moved to Israel in 2015 for her M.Sc. in nutrition at the Hebrew University, and currently doing her Ph.D. in bioinformatics at Bar-Ilan University. At Carats.io, Ava is dedicated to the penetration of our Chinese market, using her expertise garnered from a diverse background in business entrepreneurship and academic research.
B.sc Computer science, B.sc Information systems and now studing for his Masters in Business management. Programming web and mobile apps since the day he started walking, and has created around 50 phonegap apps and websites. Maayan came to our team after a journey through large scale companies such as IBM and HP and in his last position, he worked as a senior FE developer for ebay.
Nathaniel studied Visual Communication at the Avni Institute of Art and Design and User Experience Design at NetCraft Academy. With vast experience in design ranging from print, to web, to mobile applications, Nathaniel is a one-stop shop for everything design.
Molly is our resident English-language authority. She believes that everything written should be entertaining, interesting, and easy-to-read. She handles all aspects of Carats.io’s written content, from this website, to our white paper and beyond — basically, anything that requires words on a page (or in this case, screen).
Alex Mashinsky is a serial entrepreneur and founder of seven New York City-based startups, raising more than $1 billion and exiting over $3 billion. Alex has founded several notable technology firms in the United States and he is one of the inventors of VOIP (Voice Over Internet Protocol), currently leading Celsius Network which has raised $50 million during its TGE.
Daniel Leon is a business and social entrepreneur with a proven track record of growing early-stage companies and building organizations from the ground up. Daniel has co-founded and led multiple companies and not-for-profit organizations. Nowadays, leading Celsius Network is its Co-Founder & COO.
Previous chairmen of Cargal Group, CEO of Eden Springs (where he led the sale of the company to DANONE). Nir Founded Global Factoring, a receivables and debtor financing company and sold it to Isracard Group (a subsidiary of BankHapoalim). Nir holds a Bachelor’s degree in Management and accounting and is a certified CPA (ISR).