Crown
What feature miss our Bitmonds to make them real digital diamonds?
To answer this question we continue the comparison with physical diamonds. So let's ask ourselves: what is another aspect that can make our diamond precious? Definitely the cut.
The cut represents the man's contribution to the beauty of a diamond; the way in which the stone is cut can have repercussions on its purity, color and therefore on the final value. Quiet important detail right?
How did the founders of the Bitmonds project digititalize this important feature of physical diamonds? Simple, introducing the concept of crown.
So what is the crown in a Bitmonds and how is it represented? Let's try to understand it with a graphic example.
Just looking at this amazing Black Russian, you can see that the number enclosed in the red square, just next to the letter that represents purity, is the crown.
In the world of Bitmonds there are 5 possible crowns and each one it is associated with one of the following numbers: 1,2,3,4,5. The number 1 represents the best crown (the perfect cut), the number 5 instead the worst crown.
But how important is the crown when it comes to evaluating a Bitmonds? This always depends on the characteristics that a collector is looking for, but I would like to offer you an interesting example that could make you think. As you have already noticed in the photo of each Bitmonds there is a recommended value, which is calculated by an algorithm created by the founders of the Bitmonds project. This algorithm should help us to estimate our Bitmonds, but as I will explain in the section "recommended value: does it really make sense?", this is absolutely not to be confused with the true market value of a Bitmonds. However, it can give an idea of the importance which the creators of the Bitmonds world wanted to give to the crown.
Here is an interesting example which, as I hope, will make us think on the value of the crown.
Have you noticed? A Bitmonds of purity H with crown 1 has a higher recommended value than a Bitmond with purity E and crown 5, and this is not due to the ID because I choose on purpose to compare two Bitmonds with essentially the same ID.
How to interpret this fact? Simple, in the original idea of the developers the crown had to be treated on a level very similar to that of purity and ID.
But as I said, be careful not to confuse a Bitmonds true market value with its recommended value! This example should just make you think, on the value, that according to the original idea of the developers of the Bitmonds project, the crown should deserve.
And what do you think of the crown? Do you take it into consideration when you are evaluating a Bitmonds? Let me know below in the comments.
To answer this question we continue the comparison with physical diamonds. So let's ask ourselves: what is another aspect that can make our diamond precious? Definitely the cut.
The cut represents the man's contribution to the beauty of a diamond; the way in which the stone is cut can have repercussions on its purity, color and therefore on the final value. Quiet important detail right?
How did the founders of the Bitmonds project digititalize this important feature of physical diamonds? Simple, introducing the concept of crown.
So what is the crown in a Bitmonds and how is it represented? Let's try to understand it with a graphic example.
Just looking at this amazing Black Russian, you can see that the number enclosed in the red square, just next to the letter that represents purity, is the crown.
In the world of Bitmonds there are 5 possible crowns and each one it is associated with one of the following numbers: 1,2,3,4,5. The number 1 represents the best crown (the perfect cut), the number 5 instead the worst crown.
But how important is the crown when it comes to evaluating a Bitmonds? This always depends on the characteristics that a collector is looking for, but I would like to offer you an interesting example that could make you think. As you have already noticed in the photo of each Bitmonds there is a recommended value, which is calculated by an algorithm created by the founders of the Bitmonds project. This algorithm should help us to estimate our Bitmonds, but as I will explain in the section "recommended value: does it really make sense?", this is absolutely not to be confused with the true market value of a Bitmonds. However, it can give an idea of the importance which the creators of the Bitmonds world wanted to give to the crown.
Here is an interesting example which, as I hope, will make us think on the value of the crown.
Have you noticed? A Bitmonds of purity H with crown 1 has a higher recommended value than a Bitmond with purity E and crown 5, and this is not due to the ID because I choose on purpose to compare two Bitmonds with essentially the same ID.
How to interpret this fact? Simple, in the original idea of the developers the crown had to be treated on a level very similar to that of purity and ID.
But as I said, be careful not to confuse a Bitmonds true market value with its recommended value! This example should just make you think, on the value, that according to the original idea of the developers of the Bitmonds project, the crown should deserve.
And what do you think of the crown? Do you take it into consideration when you are evaluating a Bitmonds? Let me know below in the comments.
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