This past year has been a truly amazing year for DMD Diamond and cryptocurrencies as a whole. Increasing levels of worldwide adoption and acceptance of this new type of asset class have driven market caps to all time highs. This positive trend is likely to continue in 2018, despite recent market corrections, creating tremendous opportunities and new possibilities. As the cryptocurrency industry matures, we anticipate a greater market focus on established coins and long term quality projects. With its 4.5 year history and experience as a rock solid coin, DMD Diamond is poised to make history.
Please Note: This is a Press Release
In 2017 DMD Diamond performed better than Bitcoin as an investment in terms of gain. While BTC rose from $963 to $14581, a fifteen-fold increase, DMD Diamond increased from just twenty cents to a little over twenty Dollars, an astronomical 91-fold increase in value. Such gains are unheard of in conventional investment products, particularly those open to ordinary (non-accredited) investors who were not directly solicited. Also, while Bitcoin’s gains have been quite volatile with lots of ups and downs, DMD Diamond’s gains have been more stable, making it a far better store of wealth.
DMD Diamond’s gains are not based on mere speculation, but on fundamental improvements to the coin’s infrastructure. In July of 2017 DMD Diamond released a second layer network (Masternodes) on top of its blockchain. The development team also improved Proof of Stake mechanics to make the Diamond network more useful, robust and safe. This development, which is actually the second major upgrade in the coin’s history, proves the DMD Diamond team is constantly striving to make the coin not only a better solution as a storage of wealth and profit generation, but also a product that’s great for investing, hedging and trading.
Masternodes
The recently implemented Masternode technology will be a centerpiece for creating an extended DMD Diamond ecosystem. DMD Masternodes will be turned into utility nodes which will facilitate additional services for DMD Diamond and affiliated projects.
None of this would be possible, however, without the Masternodes themselves. The DMD Diamond project relies on individual investors who host one or more Masternodes. Participation in the Masternode program has been a huge success with 140 nodes running on any given day. Masternode owners are rewarded for their efforts and expense by one node receiving 65% of each block reward. With the rewards distributed equitably across all nodes, each individual node gets four to five payouts per day, resulting in a current investment return of above 20% per year. An added benefit of the Masternode program is that with 140 nodes running, more than 50% of all DMD coins currently in circulation are locked up and unavailable for trading, providing enormous indirect market support for the coin.
DMD Masternodes Stats, Image from Masternodes Pro.
The other 35% of each block’s reward goes to Proof of Stake consensus protocol participants. Running wallet that is open for staking can mint new coins with any amount of DMD, giving smaller DMD holders a chance to also gain rewards. Wallets holding at least 200 DMD can get PoS rewards that are just slightly lower for the same amount of coin tied up in a Masternode.
2017 was also the year that the DMD Diamond project became fully self sufficient. The team launched a program to co-finance community based initiatives that add value to DMD Diamond. Some of the value-added projects we have supported include shared DMD Masternodes (where people can combine their DMD into one Masternode and share the rewards), Masternode hosting, and a soon to be released book chronicling the rise of DMD Diamond. The DMD Diamond Foundation anticipates supporting many more projects that will add value to the coin.
DMD Diamond was far better represented in the media in 2017 than in any other year thanks to a coordinated and sustained advertising campaign across multiple platforms and channels. This has raised awareness of this mature crypto gem. The result? The DMD Diamond community grew from 2000 followers on Twitter last January to over 13,000 by the end of January this year. The DMD Diamond official Slack channel is now followed by over 700 people and rising. We are most proud of the community that has formed around the idea of DMD Diamond because it’s not just about the technology, the code, and the mechanics, but even more so, about the people who support, contribute to and participate in the project.
2017 has indeed been a phenomenal year for DMD Diamond. We anticipate 2018 being an even bigger year of growth and development for the DMD Diamond project, coin and its community.
