I absolutely LOVE DMD. Hardcore fan here. Snooping around, I found this post that just fueled my fire. I hope you enjoy it, fellow DMD fanz!
Hey guys,
about 3 months ago, I have run into a coin which I think s got a quite bright future and this has caused me to shift significant amount of my crypto investments into this coin and related assets. Please do take a look, maybe you find it interesting as well.
What I like about DMD Diamond coin:
Great name – Diamond, suggest something rare and expensive
Grostl Algorithm – no Asic mining for now
POW reward
POS rewards (50% annually) – Yay!!!
4.38 million total supply, current market is under 1 million coins mined/minted so far – quite scarce, especially when taking into consideration POS hoarding effect
Very active and transparent development team
Cloud Mining option which pays in DMD Diamonds
DMD Diamond is designed to be a store of value and a great investment vehicle; think of it is a gold bar which generated more gold bars via its 50% annual POS ability. Long term price charts show that the price has been quite stable for the last 6 months, due to DMD coin scarcity and general tendency of users to hoard their coins in order to obtain POS reward. Even more important is the fact that some time early April POW rewards is going to be reduced 90% which means even fewer coins are going to be offered for sale. Guess what it is going to happen with the price? I might be wrong but I do expect a significant price increase after that.
This is still small and undervalued coin IMO but this is exactly something I have been looking for during the last 6 months. Something which might have a potential to explode.
This supporting DMD Cloud mining option which I also use not only provides stable and steady income but it also pays in DMD which brings dual benefit to its users. You get your dividend and that dividend stakes in your wallet and generate more coins for you. One of the best examples of win-win situation I have seen in a long time. Just to be clear, DMD Cloud mining investments are used to buy SHA 256 and POS contracts from other reputable suppliers and not to mine DMD directly. Do not expect miracles from this option, this is not going to make you rich but you are going to get steady every day payout. Also DMD Cloud mining operation pays 70% of their mining receipts to its shareholders while 30% is being used for reinvestment which ensures partial sustainability of the entire project. In other words, the number of mining shares increases at the end of each month so it is a form of multiplication of your shares.
Additionally, Cloud mining shareholders get paid coins from DMD reactor as well which is a basically huge DMD staking wallet. Coins which are received by staking get divided among DMD Cloud shareholders at the end of each month based on their share in the entire cloud mining operation. Also, you get a 7 days refund period where you can cancel your cloud mining contract for whatever reason.
For more info, take a look at DMD home page . You ll see the whole operation is quite transparent, you can find data about dev team there, LinkedIn profiles, photos, everything which adds to their credibility.
I think this might be a nice addition to your investment portfolio, I have invested into both DMD Diamond and its cloud mining asset (50%:50%) but please understand this investment carries a potential risk, as everything else related to crypto, and I CANNOT BE HELD RESPONSIBLE for your investment decisions. Do your own due diligence and analysis before you invest. Also, get as much as possible info about the coin and the community via their website contact the dev team and ask questions here to get the full picture about DMD Diamond potential.
Also, this post is not related to any kind of referral related promotion, I do not get anything from you using it or not using besides the fact that I would like to see DMD Diamond community and crypto economy in general grows even faster in the future.
**You can see the original post here: https://cryptocurrencytalk.com/topic/32303-dmd-diamond-%E2%80%93-why-i-love-this-coin/ **
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