Carats.io is tokenizing the world's most precious commodity - diamonds. It's building a liquid method to exchange diamonds' digital value with a real-world usage and exposure to the diamond and jewelry industries. CARAT is a diamond-backed digital currency, which can be redeemed in the real-world diamond market. CARAT is being linked to a physical commodity averaging an appreciation of 5-6% annually.

Although 'CARAT' was the ticker assigned at the deployment of the Carats Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'CARATSTOKEN' has been adopted for this token. This designation ensures that assets are distinctly identified.