$ 0.0018 USD
$ 0.0018 USD
$ 1.638 million USD
$ 1.638m USD
$ 402.60 USD
$ 402.60 USD
$ 30,685 USD
$ 30,685 USD
0.00 0.00 CARAT
Issue Time
2023-04-21
Platform pertained to
--
Current price
$0.0018USD
Market Cap
$1.638mUSD
Volume of Transaction
24h
$402.60USD
Circulating supply
0.00CARAT
Volume of Transaction
7d
$30,685USD
Change
24h
0.00%
Number of Markets
11
Current Rate0
0.00USD
WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
3H
0.00%
1D
0.00%
1W
0.00%
1M
+9.94%
1Y
-48.81%
All
-94.18%
CARAT is a cryptocurrency that represents a novel approach in the digital asset space by tokenizing diamonds, one of the world's most precious commodities. Each CARAT token is backed by a real, high-quality diamond, providing investors with a unique opportunity to own a portion of the trillion-dollar diamond market through a secure, blockchain-based platform .
The CARAT token aims to bring liquidity to an illiquid market by allowing the digitization of diamonds. This not only offers an alternative investment option but also brings the benefits of blockchain technology to a traditional asset class. CARAT tokens are designed to be an electronic receipt for a physical diamond, providing immediate delivery rights to the token holder .
Investing in CARAT tokens could be seen as a way to diversify one's investment portfolio with a hard asset that maintains its value over time. The value of diamonds typically appreciates gradually, making them a potentially stable addition to an investment strategy .
CARAT tokens are built on the Ethereum blockchain and are classified as ERC-20 tokens. This ensures that they are compatible with most Ethereum wallets and can be traded on various exchanges. The tokenization of diamonds allows for fractional ownership, making it easier for investors to buy, sell, and store their digital assets.
Diamond Standard, the company behind CARAT, has taken steps to ensure the integrity and transparency of their tokens by undergoing annual audits by Deloitte. This provides investors with confidence in the project's legitimacy and the value of the underlying assets .
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