DAMT

FAQ

DAMT is a utility token designed to unify the ecosystems of three companies: Fortune Gems, Digital Adamantine Pvt Ltd, and Fortune Arts & Jewels Pvt Ltd. It facilitates secure and frictionless transactions and provides token holders with a 10% discount on purchases of gemstones, fine art, and software services.

Holders of DAMT tokens gain access to several key benefits, including:

  • 10% discount on purchases from Fortune Gems, Digital Adamantine, and Fortune Arts.
  • Access to loyalty rewards and staking programs.
  • The ability to use the token for international transactions seamlessly.

A role in the future governance of the ecosystem through staking.

DAMT tokens can be used to purchase:

  • Luxury gemstones, jewelry, and diamonds from Fortune Gems.
  • Software services such as digital marketing, blockchain development, and SEO from Digital Adamantine Pvt Ltd.

Fine art, customized jewels, and NFTs from Fortune Arts & Jewels

When you use DAMT tokens for payments within the supported ecosystems, you automatically receive a 10% discount on eligible purchases. The discount is applied at checkout on their respective platforms.

DAMT is designed to address specific challenges posed by other cryptocurrencies:

  • Efficient small transactions: DAMT has lower transaction fees and faster confirmation times compared to BTC.
  • Larger supply: DAMT’s total supply of 1 Billion tokens ensures better accessibility and affordability compared to Bitcoin’s limited supply of 21 million coins.
  • Business adoption: DAMT is tailored to be widely accepted across the luxury goods, art, and software sectors.

Eco-friendly: DAMT uses energy-efficient blockchain mechanisms, unlike the energy-intensive proof-of-work model of BTC

The total supply of DAMT tokens is 1 Billion, distributed as follows:

  • 60% – Public Sale
  • 20% – Company Reserve
  • 10% – Team and Advisors
  • 5% – Partnerships and Collaborations

5% – Rewards and Incentives

Funds raised through the Initial Coin Offering (ICO) will be allocated as follows:

  • 60% – Product Development & Purchase of assets (e.g., rare gemstones, diamonds, and art)
  • 10% – Marketing and community building
  • 15% – Legal, regulatory compliance
  • 10% – Partnerships and ecosystem expansion
  • 5% – Operational costs

DAMT is built on Binance Smart Chain (BSC) for scalability, security, and smart contract functionality. The exact platform will be confirmed closer to the ICO launch

By 2029, DAMT aims to:

  • Be a widely accepted payment method in the luxury goods and digital asset industries.
  • Expand its utility with new use cases, such as staking rewards, loyalty programs, and partnerships with global brands.
  • Continue development of blockchain-based innovations to drive sustainability, scalability, and security.

Yes. DAMT leverages an energy-efficient blockchain mechanism, unlike traditional proof-of-work (PoW) systems that consume excessive electricity. Key sustainability features include:

  • No mining requirements to reduce environmental impact.
  • A low-energy blockchain infrastructure for eco-friendly transactions.

Advanced technological innovations to ensure sustainability and minimal carbon footprint.

No. DAMT doesnot offers staking options, while the tokens can be used for Purchase of different kind of product and servicesoffered by parent companies within the ecosystem.

You can participate in the Initial Coin Offering (ICO) by following instructions on the official websites of Fortune Gems, Digital Adamantine Pvt Ltd, or Fortune Arts. After the ICO, DGADMT will be listed on major cryptocurrency exchanges for public trading.

Yes, to comply with regulatory requirements, all participants in the ICO must complete the Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. This involves identity verification to ensure compliance with legal standards.

Yes, once the ICO is complete, DAMT will be listed on major cryptocurrency exchanges, allowing users to trade, buy, or sell the tokens.

Investing in DAMT tokens involves risks, including:

  • Market volatility: The value of DAMT may fluctuate due to market demand and external factors.
  • Regulatory risks: Changing regulations in different jurisdictions could impact the token’s usability.
  • Technological risks: As with any blockchain project, risks like hacking or system failures exist.

We encourage all investors to perform due diligence before investing.

DAMT adheres to strict regulatory requirements, including:

  • KYC/AML protocols to prevent fraudulent activities.
  • Transparency and regular audits to maintain system integrity.

Compliance with local and international cryptocurrency regulations where applicable.

Yes. DAMT is designed for seamless international transactions, making it ideal for global purchases in the luxury, art, and digital sectors.

For more details, visit the following:

ICO site: https://damt.io

Parent Companies

Or contact our support team via email at  support@damt.io