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The World’s First Blockchain-assets Backed By Diamonds

By Author: Al Kasir Portal
Total Articles: 1

Established in 2018, Al Kasir Portal is the world’s first platform which provides Blockchain-Assets backed by equivalent value of certified Diamonds. The Diamonds are certified by the Gemmological Institute of India (GII). Al Kasir Portal is the first to offer three unique Blockchain-Assets simultaneously: Al Mas, Al Falah and Al Haqeek. Our Blockchain-Assets are Diamond-Backed, with each Blockchain-Asset pegged to the value of an authentic, natural diamond, as determined by the market pricing algorithms. Diamonds are an ideal asset backing for a Blockchain-Asset since they are rare, taking a billion years to develop, have several millennia of history as a recognized store of value, and are small and therefore easily stored and transported.

All our three Blockchain-Assets are Shariah-compliant and built upon the most promising Ethereum Blockchain which helps us to create a clear and transparent layer of trust for all our users. Owner of our Blockchain-Assets benefits from enhanced downside protection as their Blockchain-Assets can be exchanged for real products on completion of the Initial Blockchain-Asset Offering (IBAO). Al Mas can be used to purchase certified Diamonds. Al Falah can be used to purchase premium quality Oodh, Bakhoor and Attar. Al Haqeek can be used to purchase certified Precious Gemstones. Our Blockchain-Assets are perfect counter-cyclical assets offering investors in the blockchain universe protection against adverse market-movements similar to gold or bonds in conventional markets.

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