Diamonds and the DIMND Token: A Stable Industry Giant

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The diamond industry has roots going back thousands of years, so it’s no wonder that to this day it is under strict control. The day-to-day workings which are self-sufficient coupled with the very old, solid traditions of those in the diamond world help to maintain its stability. It is a very closed system in which major diamond producers organize price stability to maintain their profit margins. For them it is a very simple matter; if too many diamonds are produced, mines are closed or diamonds are stored before they are released. If there is not enough demand, stored diamonds are released to stimulate demand. Rarity is created to maintain the high price of diamonds.

This is why investors looking forward to DIMND token; the first alternative currency build on Ethereum blockchain and backed by gem quality, polished diamonds. Because the diamond world is not controlled by governments or financial giants they cannot be affected by local politics or too much government oversight. All diamonds will be stored in secure vaults in a Freeport location, meaning that investors can benefit from being VAT exempted for their initial investment. This also means that investors can rest assured; their investment is in an industry that has always put the privacy and security of their investors first, which is why they have enjoyed such a successful existence throughout the years.

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DMD Coin: An Alternative Wealth Storing Solution

Some of the earliest cryptocurrencies are rebounding this year. There was the GroestlCoin that posted some really good growth in the last several months out of nowhere, its worth increasing several times over. Now Diamond (DMD) is also reinvigorating itself and may offer serious benefits for investors and miners alike.

But what is the Diamond DMD coin?

DMD is one of the oldest cryptocurrencies in the world. It started way back in June 2013, when Ethereum wasn’t even fully conceptualized and other coins like Litecoin were still in the early years.

DMD has a robust system and allows fast, secure transactions at negligible transactions costs. It also functions as an interest-bearing asset that increases your worth over time -- automatically. It aims to empowers more people to achieve financial independence. It is also an excellent storage for the longer period of time that is secured and supported by the network protocols, infrastructure and services.

There is a hard cap on the maximum number of DMD coins that can be mined. It is 4.38 million tokens and right now, after four years of mining, almost 2.5 million tokens have already been created. Block awards will decrease over time as the number of remaining tokens will decrease. Interest rates itself will decrease from 25% right now to 1% within 10 years, ending the era of easily-obtainable DMD coins.

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