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Hey Folks! If you haven't heard of Diamond (DMD) you may want to check it out. It was up about 80% yesterday at one point.
What makes this cryptocurrency so great?
Diamond uses a Proof of Stake (POS) system for mining. So instead of using up valuable electricity and burning out hardware, they allow you to Stake your coins. All you need to do is to buy coins, place them in your wallet, let them mature for 9 days and these coins will stake and generate new coins. The current PoS rate is 25%, which means you will get 25% interest for your staking coins. In other words, once you acquire DMD, it becomes interest bearing asset with significant returns.
Diamond also has a cloudmining and pool option. If you want to get Diamond, you can pool your resources with a group.
Check out Diamond Home page for more info
https://bit.diamonds/
Best of all is that not only is the marketing for this coin good. We all like diamonds because of their perceived value, but also
There is an extremely limited supply of Diamond. Only 4.38 million coins.
Yesterday on Bittrex Diamond was one of the featured coins because it gained the most percentage out of any coin that day. It is just starting to get people's attention. Today you can buy it on a dip. Right now its about $3.75 per coin.
When Diamond starts to really rock, the low number of circulating coins will make this pop fast, plus the holders will be staking their coins instead of selling them off in the market.
I think Diamond has great potential to grow from here on out!
Upvote, resteem and Follow @linniek
I wouldn't compare DMD coins to real diamonds. Real diamonds are artificially make scarce by the diamond cartel and they are popular very one of the most successful marketing campaigns of the 1900s (think DeBeers)
I am intrigued by the DMD coins. Mostly to see how the staking ends up working.
Wow! Great prediction, this coin is not sitting at $7.33 per coin. :)
The coin is sitting at 16 USD per coin as of this reply :D
Yes very true, there are more reasons. This is kinda short and sweet. Any price predictions? I think $10 easy in the next few months.