SUCCESSFUL COMPLETION OF LAKEDIAMOND BANK SALE IN PARTNERSHIP WITH SWISSQUOTE; START OF THE ICO, WITH A FOCUS ON HNWI and INSTITUTIONAL ACTORS

After raising more than 2MCHF during its pre-ICO, LakeDiamond has increased by 2.5MCHF the amount thanks to its successful Bank Sale, officially launches its ICO, which will focus on answering the high demand from HNWI and institutional actors.

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LakeDiamond main strengths

Lab-grown diamonds: the ultimate material poised to unlock a new technological era

An EPFL spin-off, LakeDiamond produces, transforms and sells lab-grown diamond as the ultimate material for increasingly complex high-value applications in micro-mechanics and robotics, photonics, electronics and biotech. Lab-grown diamonds have been described as “the new silicon” due to their unique physicochemical properties, i.e. most transparent to light, heat best conductor, eco-friendly, chemically inert, hardest and most elastic material, highest breakdown electric field, and biocompatible.

High-tech industry graphic

Ultra-pure lab-grown diamonds: a market with a bright future as industrial uses continue to expand

LakeDiamond total potential serviceable addressable market is expected to reach CHF 18.4bn by 2022 according to the company, as the market for ultra-pure lab-grown diamond products expand from micro-mechanics and robotics (e.g. micro-mechanical parts for watch making), to photonics (e.g. lasers for energy transfer), electronics (e.g. high-power transistors) and biotech (e.g. sensitive magnetometers).

Major milestones in micro-mechanics and robotics

LakeDiamond collaborates with EPFL's prof. Niels Quack on the production of lab-grown diamond-based micro-mechanical parts . The company’s associated technology has recently been highlighted in a Nature article. LakeDiamond already collaborates with a major Swiss watchmaker to incorporate diamond-based micro-mechanical parts in watch mechanisms.

Solid partnerships in place to accelerate go-to-market in photonics, electronics and biotech LakeDiamond collaborates with EPFL's prof. Eli Kapon on remotely charging drones and satellites thanks to lab-grown diamonds for energy transfer and a partnership is already in place with a drone manufacturer on this application.

The company is also collaborating with EPFL's prof. Elison Matioli on high power transistors with lab-grown diamonds to manufacture the best devices for high-power applications..

Moreover, LakeDiamond collaborates with EPFL's prof. Christophe Galland on diamond-based magnetometers and got an EPFL Innovator project funding this activity.

In January 2019, TAQA, an global leader in the energy industry in the middle east, and LakeDiamond partnered to write the future of energy distribution. Power beaming will allow to leapfrog costly investments in electricity infrastructure for sustainable energy distribution and economic development. In fact, energy transmission via laser can be used to supply the least developed areas on the planet with electricity, and to channel electricity to remote areas without the need for building costly infrastructure, which is one of the current limiting factors development in certain countrie.(read more).

An innovative blockchain crowdfunding opportunity to contribute to LakeDiamond industrial production capacity

The ICO intends to provide LakeDiamond with the resources it needs to develop, both the company itself and its next generation of products. The company currently grows diamond in its two Micro-Wave Chemical Vapor Deposition (MWCVD) reactors, with a production capacity of 15,000 plates per year. The objective of LakeDiamond ICO is to acquire fifty additional MWCVD reactors to meet the production capacity of 300,000 plates per year by 2020.


Token logo

Initial offering token distribution

Number of tokens: Issue of 110’000’000 tokens for sale
Token issue price: 1 LKD: CHF 0.55
Soft cap: 3 M CHF (reached in November 2018)
Hard cap: 60.5 M CHF

LKD is LakeDiamond time-based token sold during its ICO, each representing one minute of diamond production. Owners of tokens can use their LKD to produce diamond for their own use or capture production value when the company receives an order from an industrial customer. LakeDiamond token lifecycle marks the first time a virtual token buys actual machine time.


Three ways of using LKD tokens graphic

A Purchase LakeDiamond products

LKD tokens can be used to pay for diamond products (plates or round brilliant stones) on our e-commerce website.

B Capture LakeDiamond industrial orders

When a customer purchases diamonds with a fiat currency, LKD token owners are given an opportunity to capture the proceeds of the sale.

C Secondary Market

Because LKD tokens are Ethereum-based, they can be sold at any time to another ERC20 compatible wallet. We do not manage such resales of LKD tokens and we have no control whatsoever over the secondary market. It is possible that centralized and decentralized exchanges will list LKDs, which could facilitate their trading.

ROADMAP

Roadmap

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