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Ratings CEDEX

Blockchain based diamond exchange

By removing the three main obstacles (lack of transparency, liquidity and fungibility) the CEDEX (CErtified Blockchain Based Diamond EXchange) will disrupt the way diamonds are currently perceived. Using innovative propriety technological solutions – including emerging blockchain technology – CEDEX will create an open and transparent marketplace in which anyone will be able to liquidate diamonds or invest in diamonds as a new financial asset class.

3.6
28 expert ratings
4.0
3.8
3.7
3.2
View rating distribution
~$14,000,000
value of tokens sold in ICO
Ended
Token
CEDEX
Type
Price in preICO
1 ETH = 900 CEDEX
Price in ICO
0.5430 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, Afganistan, Iran, Israel
preICO start
16th Mar 2018
preICO end
16th Mar 2018
ICO start
17th Mar 2018
ICO end
13th Apr 2018
More on ICO
Report

Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Igor Karavaev
ico and sto advisor
Rated on Dec 27, 2017
4
5
3
3%
This rating's weight is reduced by 50% as there is no review added.
Vladimir Nikitin
ADVISOR | CONSULTANT | EXCHANGES Listing
Rated on Apr 6, 2018
4
4
4
3%
This rating's weight is reduced by 50% as there is no review added.
Nathan Christian
Blockchain Technology Consultant
Rated on Jan 2, 2018
5
4
3
6%

Great team. Best of luck guys!

+6Agree
+6
Disagree
Report
Nikolay Shkilev
PhD | Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | Mentor
Rated on Mar 12, 2018
3
3
3
3%
This rating's weight is reduced by 50% as there is no review added.
Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Feb 19, 2018
4
4
3
3%
This rating's weight is reduced by 50% as there is no review added.
Tyler Sanford
Marketing | Campaign and Community Management
Rated on Mar 13, 2018
4
3
3
5%

This one seems like it could be a little though. I like the concept but not directly clear to me how it will be executed.

+1Agree
+1
Disagree
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Paul Mears
ICO investor, cryto trader
Rated on Mar 25, 2018
1
2
2
5%

Not sure I really understand the structure and value here. When I see that the founder has sold an option for 90% of the equity for 40,000, I struggle to see the correllation to the hard cap. If the founder values the company in equity terms at around 45,000 its doesnt suggest a significant cashflow or profit being generated by CEDEX. It is therefore key to me to get a better understanding of the business model. If 10m of the sale at hard cap is being used for dev and going to Tech Financial then buying AIM shares maybe the better investment compared to tokens
The interrelatioship between CEDEX. Tech Financial and key stakehodlers needs to be understood here to be able to properly validate the opportunity. Its interesting that the share price of Tech Financials has gone up 300% or so in last four months. I dont understand some of the recent activty wher 40k was paid for a option to acquire 90% equity and then a couple of months later 200k paid for 2%. Maybe that helps get a new MTM valuation of the option in the AIM company accounts. Just appears without more clarity that maybe the focus is more on the AIM company than the token holders



TechFinancials (AIM: TECH), a leading technology provider to financial trading brokers, today announces it has entered into legally binding heads of terms (the "Heads of Terms") with Saar Levi in respect of a to be incorporated group of companies which will operate under the name CEDEX.com ("CEDEX"). CEDEX will operate what the Company believes will be the first Blockchain based online exchange for diamonds with a long-term vision to turn the traditional diamond industry into a financial tradable asset.

Under the Heads of Terms, TechFinancials will make unsecured loan funding of US$400,000 available to the CEDEX group to develop its technology. The loan bears no interest. TechFinancials can seek repayment of the loan once CEDEX has sufficient funds and the loan therefore has no set maturity date.

In consideration for providing this initial funding, upon incorporation of the CEDEX holding company ("CEDEX HoldCo"), CEDEX HoldCo will grant the Company an option to acquire 90 per cent of CEDEX HoldCo at an exercise price of US$40,000, which may be offset against any amount outstanding under the loan. Exercise of the option is at the sole discretion of TechFinancials and the option can be transferred, sold or disposed of as TechFinancials sees fit. The option period is for three years from the date of grant.

It is envisaged that CEDEX will also utilise the Company's knowledge and expertise. In addition, the Company may provide technical development services on a fee-for-service basis to CEDEX to assist with the development of the trading platform.

The collaboration with CEDEX is a strategic development aligned with the Company's long-term vision of utilizing its expertise and considerable experience in the development of online financial trading solutions and technology systems to further expand into new product areas. It is anticipated that CEDEX will provide a novel way to invest in diamonds, aligned with the Company's vision of simplifying trading instruments.


Under the SPA, TechFinancials will make an equity investment of US$200,000 at a post-money valuation of US$10,000,000, representing 2 per cent of CEDEX’s current capital on a fully diluted basis, taking into account the exercise of the option mentioned below.

December announcement

As at the date of this announcement, TechFinancials holds an option to acquire a further 90 per cent of CEDEX at an exercise price of US$40,000 with an expiry date of three years from the date of grant (i.e. 22 October 2017), giving it a potential maximum holding of 92%.

Also a concren on compliance risk awareness of the team

B.O.TradeFinancials fined by CySEC

TechFinancials (AIM: TECH), a leading technology provider to financial trading brokers, announces that its subsidiary, B.O.TradeFinancials, which is regulated by the Cyprus Securities and Exchange Commission (“CySEC”) has been fined by the Commission for the amount of 138,000 Euros. The fine was disclosed as a contingent liability in the preliminary results for the year ended 31 December 2015, announced on 26 May 2016, and relates to certain regulatory breaches. The Company has implemented measures to ensure these breaches do not recur and expect to have fully implemented any necessary corrective actions by 5 September 2016, as required by CySEC.

The Company does not anticipate that the fine will have a material impact on the results for the current financial year and still expects to meet market expectations


Downgraded team as no response from team or advisors to queries or explanations

Agree
0
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Ilya Anikin
Business strategy, investment deals, investor relations
Rated on Mar 23, 2018
4
5
4
5%

If the cost of delivery of a diamond to the depository and the cost of its storage there will be substantially less than the cost of the diamond, I am sure that it will work fine. Especially if you allow users to use you as a pawnshop.

Agree
0
Disagree
Report
Aly Madhavji
Award-Winning Author | Angel Investor | STO and ICO Advisor | UN Consultant | INSEAD MBA | Advisor Polymath, BitBlock Capital, Fiat Capital Fund |
Rated on Mar 22, 2018
3
2
2
5%

No product prototype or alpha/beta release yet. Doesn't seem to be a commodity type of tradeable asset based on four C's (Carat Weight, Cut, Color, Clarity) and grade of diamonds.

+2Agree
+2
Disagree
Report
Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Mar 12, 2018
4
4
4
5%

Evaluation has been updated based on the team passing KYC and making suggested changes. I still think that a blockchain based diamond exchange is a challenging proposition, however the fact that they are the only players in the space right now could give them an advantage if they are able to execute properly.

+3Agree
+3
Disagree
Report
Francesco Redaelli
Co-Founder & President at Koinsquare | Marketing Manager at AidCoin | Campaign Success Manager at 200 Crowd | Advisory Board Member
Rated on May 10, 2018
4
4
5
5%

Nice idea and unconventional, it could be implemented with a good development in the new future.

Agree
0
Disagree
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Rick Tapia
Blockchain Advisor and Consultant
Rated on Mar 17, 2018
4
4
4
5%

Trying to enter a very niche' field with a not so clear plan of execution

Agree
0
Disagree
Report
George Han
ICO Advisor
Rated on Apr 9, 2018
4
5
4
4%

A very well-thought out business proposition. Clever adoption of blockchain technology in the the transaction of diamonds.

Agree
0
Disagree
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Vlad Skakun
ICO Advisor | Investor| Marketing Specialist| Senior Analyst at Venture Fund
Rated on Apr 8, 2018
3
4
2
2%
This rating's weight is reduced by 50% as there is no review added.
Maksym Vysochanskiy
Founder of ICOExpert | Appsmoment | Blockchain Advisor
Rated on Jan 1, 2018
4
4
3
2%
This rating's weight is reduced by 50% as there is no review added.
Shaf Madina Zaman
Founder - Crypto Society, ICO Advisor, Marketing Consultant, DayTrader, BlockChain Enthusiast,
Rated on Mar 24, 2018
4
3
2
4%

No prototype, information is all over the place

+2Agree
+2
Disagree
Report
Irina Nikitina
Lawyer
Rated on Apr 8, 2018
4
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Eugene Podkovyroff
Investor, Decentralized Economics Researcher, Crypto Visionary, FinTech Pro, Startup Mentor and Advisor
Rated on Mar 14, 2018
4
3
3
4%

From the pure economical standpoint creating an effective secondary market for an artificially priced asset will fix the the gap between the perceived and intrinsic values. That, most likely, shall hurt its professional manufacturers and distributors. I really doubt that it will be the case, but would love to see what CEDEX will really become. At the moment it looks more like an attempt to use ICO hype for the purposes of dragging in more amateur traders into an arguably most overvalued asset of the modern times. It's a double trouble or/and a mother-load in terms of Risk/Reward Ratio.

Both the vision and the product concept don't look much appealing for me, too many diamond market problems and token economics difficulties are either not address or oversimplified in the White Paper (e.g. variety of standards and classifications, gemologists trustworthiness, regional taxation, token classification and reporting etc.).

+2Agree
+2
Disagree
Report
Simon Cocking
Editor in Chief, Cryptocoin.News
Rated on Mar 15, 2018
4
4
3
4%

Are diamonds a girls best friend? How do we avoid blood diamond? These are all questions and challenges that this ICO could help to solve - it is potentially a good example of a use case where blockchain is an ideal partner.

Team looks good - though listing the same advisor twice seems a little over enthusiastic?

Overall will be an interesting one to watch.

+1Agree
+1
Disagree
Report
itay regevICO team member replied on 15 Mar 2018
Dear Simon,

This was a mistake. now he is listed only once :)
Artem Kharchenko
Advisor, IT entrepreneur, information security expert.
Rated on Mar 12, 2018
4
4
3
3%

Let's see what will come out of it.

+1Agree
+1
Disagree
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Abhijith Naraparaju
Co-Founder iCognitive Global | Blockchain Solution Architect
Rated on Mar 12, 2018
4
5
4
1%
This rating's weight is reduced by 50% as there is no review added.
Joan Vallès
Wealth Manager and Advisor, Angel Investor
Rated on Dec 28, 2017
4
3
2
1%
This rating's weight is reduced by 50% as there is no review added.
Sanket Agrawal
ICO Advisor, ICO Management & Strategies, Blockchain Technology, DLT, Digital Transformation
Rated on Apr 29, 2018
4
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Ricardo Ruiz
Ricardo
Rated on Jan 17, 2018
4
3
2
1%
This rating's weight is reduced by 50% as there is no review added.
Peter Bergstrom
CEO BitBlock Ventures
Rated on Apr 6, 2018
3
3
3
1%
This rating's weight is reduced by 50% as there is no review added.
Lluis Saltó

Rated on Jan 2, 2018
4
3
2
1%
This rating's weight is reduced by 50% as there is no review added.
Amarpreet Singh
Blockchain & ICO Advisor | Fintech | Innovation | Machine Learning | AI | Speaker & mentor
Rated on Mar 15, 2018
5
5
5
2%

Great team and vision! Saar is a leader to watch for and is leading the team with an example.

+1Agree
+1
Disagree
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Remigio Bongulielmi
Chief Compliance Officer @ Trade.io AG | DLT Advisor | FinTech | ICO Advisor
Rated on Jan 28, 2018
4
5
3
1%
This rating's weight is reduced by 50% as there is no review added.
Benchy
ICO analyzer bot
4.0
12%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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ICO KYC Report
2 members invited
Saar Levi
Passed
Ronen Priewer
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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