Mint and Redeem Functions

The Creation of DD begins with the storing of physical diamonds. These diamonds are cut, processed, and certified by accredited institutions, forming the foundation of their intrinsic value. Each diamond's market value becomes the basis for DD issuance, with a 1:1 DD-to-USD (Diamond) ratio.

Redemption of DD is straightforward. Holders of DD can redeem them for USD by visiting Diment’s website. The equivalent USD amount (after fee reduction) is then transferred to the user's bank account.

This process is transparently executed on the blockchain, and the entire system undergoes regular audits to ensure accuracy and maintain the 1:1 DD-to-USD (Diamond) ratio. Diment's "Flows of Funds Process" blends real-world diamond value with digital tokens, creating a secure, seamless, and innovative financial ecosystem.