ATLANTIS BLUE

Nyosop

https://bitcointalk.org/index.php?action=profile;u=1876033

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.

ABOUT LARIMAR GEMS

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?

MINE

It starts here at the mine. The only Larimar mine in the world.

RECEIVERSHIP WAREHOUSE

This is the receivership warehouse. The stones are graded here and weighted. The values are digitized in the Stellar Distributed Exchange before moving on to the next station.

ARTISAN CAMP

The rough stones are transported to the Artisan Camp. This is were the stones will be cut, polished, regraded and most of them stored. This process prepares the stones for distribution and the physical sale.

AB EXCHANGE

The AB Exchange will be the only point of distribution of Larimar. Companies must register with this exchange in order to be an authorized reseller. This is also where the physical exchange of digital tokens for Larimar happens. Auctions will also be held at the AB Exchange for the bigger stones found at the mining site.

STELLAR DEX

When token holders want to exchange for physical blue stones, they will send their tokens to the AB Exchange for processing.

How Does Atlantis Blue Help Miners Receive a Fair Price?

An outsider actually offered the solution to the miners of Larimar, changing the currency to change the buyers by going digital. The previous international buyers who took advantage of the lack of organization in Larimar mining will no longer be able to purchase the gem like this. They can still show up to the location and buy physical Larimar in person, but they will have to pay the most recent trade price found on the Stellar Distributed Exchange. Token holders will be in control of the price, not these international buyers who previously abused the system.

How Does Atlantis Blue Ensure Stones Are Cut and Polished?

To prevent the problems associated with Larimar leaving the country without being cut and polished first, Atlantis Blue will be creating the infrastructure to ensure all Larimar stones go through the proper process. The community will be constructing a receivership warehouse where all the stones will be collected when they leave the mine. At this location, stones will be weighed as well as recorded. The community is also building an artisan camp, which is where the stones will get their legal status, so they can be exported. They will also create the Atlantis Blue Exchange, the single distribution point.

What Are the Tokens, and How Do You Get Them?

The ICO is currently in progress, so you can purchase your tokens on the Atlantis Blue website, using the form near the bottom of the homepage. During the ICO, those who plan on purchasing more than 50,000 tokens can contact Atlantis Blue directly for a discount. Following the ICO, any sale will use the market price, regardless of size.

There is a total of 400 million tokens, each of which represents one gram of Larimar. During the ICO, 300 million of the tokens will be sold. The first 50 million will be sold at the price of $0.10 each, with the next 50 million sold at $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 groups of 50 million. As such, the sooner you invest in the ICO, the more tokens you will receive for your contribution.

How Will Atlantis Blue Work?

The entire process begins at the Larimar mine. Mined gems go to the receivership warehouse for grading and weighing. This is also where the values get digitized into the Stellar Distributed Exchange. The stones then go to the Artisan Camp, where they are cut, polished, and regraded. Most are also stored here. From there, they head to the AB Exchange, the only distribution point for Larimar. To become an authorized reseller, a company must register with the exchange. This is where auctions for larger stones will take place. If a token holder wants to exchange their tokens for physical Larimar, they will send their tokens here.

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.

ATLANTIS BLUE

Report Page