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LakeDiamond launches an Initial Coin Offering (ICO) to increase its production capacities of lab-grown diamonds for high-tech industrial applications. Powered by Swissquote, LakeDiamond’s ICO is the first ever to be powered by an established banking group.

LakeDiamond tokens are issued following the technical standard used for smart contracts on the Ethereum blockchain. LakeDiamond is issuing tokens worth 60 million Swiss francs in total.

LakeDiamond plans to use the money raised within the ICO to ramp up its production capacities by buying 50 further reactors. Minimum purchase consists of 60 LakeDiamond tokens (LKD) which is equivalent to 33 Swiss francs.

During the pre-sale from October 22 to December 11, 2018, the bank clients can benefit from a bonus: when buying 10 tokens, they receive one free token until 4 million Swiss francs are globally raised. During the pre-sale as well as during the following public ICO (from mid-January to mid-February 2019), 1 LKD equals CHF 0.55. After the ICO, the conversion rate will fluctuate based on demand for tokens and/or diamonds as well as the performance of the diamond reactors operated by LakeDiamond.

After the bank sale LakeDiamond ICO will be open to the general public in early 2019..