THELOGICALINDIAN - While the Larimar barter has afresh been besmirched by awful actors due to the acceptance of the gemstone the Atlantis Blue Project seeks to use Stellars blockchain to baffle this action and restore its balance
Larimar is a attenuate gemstone begin in the arena of Barahona of the Dominican Republic. The bean is coveted by abounding due to its accounted healing powers, adeptness to access one’s advice skills, and agreeableness as a bean acclimated in accomplished jewelry. Also accepted as the Atlantis Stone, Larimar’s dejected blush comes from its barter of chestnut for calcium in its formation.
In the aftermost two years alone, appeal for Larimar has tripled, and forth with this acceptance came affluence of awful actors aggravating to bold the system. Illegal trading of the mineral has amorphous to breed internationally, and the cardinal of affected stones on the bazaar has added dramatically.
The Atlantis Blue Project aggregation is a aggregate comprised of lawyers, miners, artisans, distributors and more, all associated with both the abstraction and barter of Larimar. Each affair in the Larimar barter allowances from this different move to blockchain technology, acceptance for both a new tracking and clamminess mechanism.
There is abundant amount to tokenizing acceptable assets such as Larimar because you not alone accretion eased liquidity, but tracking becomes as simple as blockage the chain. Participants in the Atlantis Blue Project’s ICO can redeem their tokens for Larimar at any time from the AB Exchange, acting as the alone point of administration of Larimar. When participants ambition to redeem, they accelerate their tokens to the AB Exchange for processing.
This blazon of tokenization additionally allows the bazaar to absolutely adjudge on the amount of the asset, as the badge will barter freely. Whether it’s one cent or one hundred dollars, the Atlantis Blue Project has complete ascendancy of the asset and will attach to the market’s decisions.
The concrete bazaar is entering the agenda age, and there is a abundant accent in onboarding alike alcove markets that would abundantly account from blockchain technology, such as the Larimar trade. The Atlantis Blue Project’s action will not alone change the way the Larimar markets operate, but ability set the accepted in defining how adored gems markets barter in the future.
The Atlantis Blue Digital Token (ABDT) will be awash in six rounds, with bottomward abatement tranches. Each annular appearance fifty actor tokens actuality awash out of a absolute of three hundred actor up for sale. Atlantis Blue is accepting Lumens, Ether, Bitcoin, and accurate currencies through EPay for its sale. After the ICO period, approaching tokens will be awash by the aggregation at bazaar amount in adjustment to assure auction participants.
The accent of architecture out the ABDT on the Stellar blockchain comes from the actuality that it is both scalable and has low transaction fees. Stellar uses a accord apparatus accepted as a amalgamated byzantine agreement, in which quorum slices accredit accord to be bound reached. Along with its scalability, Stellar additionally appearance an on-protocol broadcast barter in which assets minted on the Stellar blockchain can be traded adjoin Lumens. The bazaar makers associated with the Atlantis Blue activity will be reselling through exchanges that host this agreement feature.
Do you anticipate the tokenization of real-world items will be acknowledged asset-type in the cryptocurrency space? How abundant of an appulse do you anticipate Atlantis Blue will accept on the accepted Larimar barter with their new system? Let us apperceive in the comments below!
Images address of Geologyin, Atlantis Blue
