What is Atlantis Blue Digital Token?
Atlantis Blue is a digital asset exchange that will specialize in the trading of larimar. Larimar is a rare gemstone. It’s rare because it’s found in just one square kilometer of land in the Caribbean.
You’ve probably never heard of larimar. However, if you have heard of larimar, you’ve probably heard of its connection to the Dominican Republic. Some people also believe larimar is connected to Atlantis, claiming that larimar comes from the “lost blue stones of Atlantis”, for example. They’re only found in a former volcano in the Dominican Republic.
Larimar is also known as dolphin stone, Stefilia’s Stone, blue pectolite, and Atlantis Stone.
The AtlantisBlue.org website makes a big deal out of the fact that demand for larimar is rising. The website claims that demand has lifted prices over the last few years. Many are attracted to larimar for its beauty and its rarity. Today, larimar is priced anywhere from $4 to $20 USD, depending on the quality of the gemstone.
With that in mind, Atlantis Blue aims to be the preferred exchange for larimar. Atlantis Blue was created as a collaborative effort between miners, exporters, distributors, and others involved in the larimar supply chain.
How Does Atlantis Blue Digital Token Work?
Atlantis Blue consists of all the following core features and functions:
Atlantis Blue claims to be connected with the world’s only larimar mine. It’s located in an old volcano in the Dominican Republic.
After being extracted from the mine, larimar heads to the warehouse where it’s graded and weighted. The value of each stone is digitized and added to the Stellar decentralized exchange before moving onto the next station.
Rough stones head to the “Artisan Camp” to be cut, polished, and regraded. This is also where most of the larimar will be stored. This process prepares stones for distribution and physical sale on the Stellar decentralized exchange.
Stellar Decentralized Exchange:
Atlantis Blue has a Stellar decentralized exchange where token holders can trade their digital assets in exchange for physical larimar stones. You send your tokens to the AB Exchange to be processed.
The AB Exchange is the only point of distribution of larimar. Companies must register with this exchange in order to be listed as an authorized reseller. This is also where the physical trading of larimar gemstones for digital tokens will occur. The AB Exchange will also host auctions for some of the bigger gemstones found at the mining website.
All transactions on the platform take place using Atlantis Blue Digital Tokens, or ABDT. The exchange will deposit your ABDT in a Stellar wallet. You’ll want to setup your own Stellar wallet before purchasing ABDT from the company.
Each Atlantis Blue Digital Token is the equivalent of 1 gram of larimar.
The Atlantis Blue Digital Token ICO
The company is selling Atlantis Blue Digital Tokens, or ABDT, during an ICO. There’s a total supply of 400 million ABDT, with 300 million tokens sold during the ICO.
There will be six stages to the ICO, with 50 million tokens sold during each stage. Tokens are rising from a price of $0.10 apiece during the first stage, all the way up to $0.60 per token during the final stage (they rise by $0.10 each stage).
Who’s Behind Atlantis Blue?
Atlantis Blue claims to be a collaboration between the miners, distributors, and other members of the larimar supply chain. Here’s how the company explains itself in the whitepaper:
“We are the miners that extract the stones. We are the artisan workers that polish and craft the stones. We are the distributors that take the stones to the market.”
The company united as a collaborative project between the miners, artisans, channel distributors, and exporters. These groups came together under the banner of “The Atlantis Blue Project”. The group also includes lawyers, accountants, biologists, and more. Major industry organizations like the Cooperative of Larimar Services La Filipinas, Cooperative of Bahoruco, and Larimar Association Las Mercedes, are all part of the group.
Atlantis Blue Digital Token Conclusion
Larimar is a popular gemstone found exclusively in the Dominican Republic. The gemstone can be found in jewelry across the country. It’s known for its distinctive light-blue, green-blue, deep blue hues.
Atlantis Blue claims to be partnered with the one mine that produces the larimar gemstone. The company is a collaboration between the miners, artisans, distributors, and exporters that bring the gemstone to market. Together, these participants transform rough larimar into the polished gemstones worth $5 to $20 per ounce on the open market.
Now, Atlantis Blue is creating a decentralized exchange where you can purchase Atlantis Blue Digital Tokens (ABDT) in exchange for one ounce of real larimar. The company claims that each ABDT represents the value of 1 gram of larimar.
To learn more about larimar, Atlantis Blue, and the unique project, visit online today at AtlantisBlue.org.