🔴🚀♦️ [ANN] DIAM - Consistent Coin 100% Backed by Redeemable Diamonds! ♦️♦️♦️

[mv1986]

Haha this is funny. Backed by real diamonds and needs some cheap bumping services to raise awareness. Would love to see proof or verification of the diamonds in possession.

Here you go! The greatest ever concern of all time made by this person who like others did not bother to read previous replies and uttered the same questions on here so he could report back to that hired third party team and earn few cents from this paid ANN bumping service.

How to check the quality of the physical diamond?

This just goes to show you how people are so blind to even read the OP Title properly!  

what asset in particular do you have to back up for your project ?

And this one actually got a merit for raising this serious issue!  

Good morning! I see this is another very good project to invest even now the cryptomarket is down. how can you maintain the price when diamcoin list in the market. do you have back up plan?

You know, usually as soon as you hear diamonds or real gold or what not, just take your money and run. It is almost safe to say it's a scam and has nothing to do with decentralization either. Whenever backing is involved, you are dealing with a highly centralized service that you need to put a lot of trust into. Not what we are here for.

[carloscancab]

If your project is indeed different and a strong one like you have written in the OP that it is backed by real diamond and different from other stable coins then why you need to hire a third party to pay Ethereum to people to bump your ANN thread by replying all those one line shit replies/questions?

Here is your hired third party is telling bounty hunters to ask those silly questions on here for earning a few USD worth of Ethereum.


https://i.imgur.com/ORHAwzw.jpg?1

And again the admin of that group asking people to reply on this thread as task number 7.


https://i.imgur.com/EbnzEnq.jpg?1

Here is the spreadsheet containing that people have indeed participated in this ANN bumping service and reported back to that third party ANN bumping service provider with their reply links.

https://docs.google.com/spreadsheets/d/1QzM6virV2Iy7PgF6hMVaS-jlwVi2UOk0t-kMLUUkUlQ/edit#gid=2145778498

Don't you think if other people see most of those one sentence stupid question then they are probably going to stay away from your project?

Haha this is funny. Backed by real diamonds and needs some cheap bumping services to raise awareness. Would love to see proof or verification of the diamonds in possession.

Regarding verification of diamonds possesion, we'll make our first auditing public as soon as it's conducted, which will be before the public can purchase any DiamCoin. So you don't have to worry about that.

Now, regarding the thread bumping that has been in discussion in this thread, all we can say is that the people running our bounty campaign unilaterally decided to do this and that we're looking into it. For now, we've given instructions to remove everything related to BitcoinTalk from the bounty. We've also made a point to take a good hard look at how the bounty is being done to avoid more episodes like this. We never intend to break any rules (either BitcoinTalk's or any others), and deeply care about investors' trust.

If you have any follow up questions, we're always monitoring this thread to answer them.

Thanks!

-Carlos Cano, Social Media Manager
DiamCoin

[btcurrencies]

How Diamcoin will help the investor in real life ??
when i can take diamcoin ??

Actually, the diamcoin is fully backed by diamonds, means that you will be able or to buy diamonds with it or to exchange it.

they are also building the diamdrop, a diamond marketplace where you will be able to purchase diamonds with it.

[Teawhalee]

I understand that this coin is a stable coin which means there won't be any volatility issues . I will like to know what method will be used to stabilize the token price at any market conditions . ?

[btcurrencies]

ow investors are expected to make profit if the coin is stable and what's going to be the total supply ?

its not about profits, its about stability, a token is equal to a value in diamond, so you will be always able to purchase diamonds with your tokens

[btcurrencies]

What will be the future value of Diamcoin?

the same value always, Diamcoin is a stable coin so they will do everything to avoid the volatility, in fact as they say, the tokens are backed by diamonds , means that you will always be able to buy diamonds with your tokens and always at the same rate.

its a good thing.

[Teawhalee]

This is such a great project , what will be the benefit of holding any amount of your token and also will the token be tradable on exchanges ?

[invincible49]

Regarding verification of diamonds possesion, we'll make our first auditing public as soon as it's conducted, which will be before the public can purchase any DiamCoin. So you don't have to worry about that.

Now, regarding the thread bumping that has been in discussion in this thread, all we can say is that the people running our bounty campaign unilaterally decided to do this and that we're looking into it. For now, we've given instructions to remove everything related to BitcoinTalk from the bounty. We've also made a point to take a good hard look at how the bounty is being done to avoid more episodes like this. We never intend to break any rules (either BitcoinTalk's or any others), and deeply care about investors' trust.

If you have any follow up questions, we're always monitoring this thread to answer them.

Thanks!

-Carlos Cano, Social Media Manager
DiamCoin

So you are saying you did not have any idea about this ANN Bumping Service that Wapinter Bounty Management team launched? Looks like You have been exposed with this ANN Bumping, and you are trying to blame it on others.

Diamcoin is running ETH paid bounty campaign.You can join their campaign here

This is not something any bounty manager does unless he is offered some high payment. They instructed their bounty hunters to do this DiamCoin ANN Bumping tasks for TWICE which is surely goes against the forum rule. Looks like the damage has already been done and you are now blaming bounty managing guys who will most likely deny what you've written if the DT members and high ranked member finds out about this.

Looks like the spreadsheet containing people's report links who has participated in the task 6 and 7 for this illegal activities has been erased. And no mention of that in their telegram group too! But for proof I downloaded the spreadsheet https://docs.google.com/spreadsheets/d/12aK_yjnFFvA385bzk-rXmFk2m8x7ijacP1S35XyP2kE/edit#gid=869326499 with those details 2 days. Looks like they have been exposed now too with their telegram group having no proof of Bitcointalk reply tasks!  

[carloscancab]

This is such a great project , what will be the benefit of holding any amount of your token and also will the token be tradable on exchanges ?

Hey, good question!

Basically, we want to design a token for holders, not for speculators/traders. Our users can benefit from 0 volatility, thanks to our smart vault system that will automatically take advantage of diamonds' stability to provide a perfect 1:1 proportion. They also benefit from our partnerships, that make available the option to pay with a perfectly stable coin.

-Carlos

[Hello Diamonds]

We believe in a future the need of stable coin in the blockchain will be a big part of our economy.

We have our own wallet where you convert your btc/eth/usdt/pax/usdc/bnb

Considering that this is stable coin, it will be convertable to usdt/pax/usdc with a 1:1 ratio ? Did I understand correctly ?

That's correct, yes!

This is so that we can simplify the experience for our users. We want them to be able to use DiamCoin as a safe storage of value, without them having to get confused or worried about what the price of one carat of a diamond is today, even if it doesn’t vary that much.

Also, determining what the price of one carat of diamond is right now is not as straightforward as for an ounce of gold, since there are many factors that come at play when determining the value of every individual diamond. At Hello Diamonds we have extensive experience in dealing with diamonds, so we can use these assets to ensure the value of our token to keep the 1:1 proportion.

The benefit of such a system is that, in the case of a financial crisis, diamonds are one of the most crisis resistant-assets.

[tunapa]

Will there be a token sale of any kind either for private investor or ICO, IEO , STO ?

[tunapa]

Will the token price continue to be at 1$ ? and how can this be sustained for long time?

[carloscancab]

Will there be a token sale of any kind either for private investor or ICO, IEO , STO ?

Correct, IEO!

[msap100]

90% discounts are not uncommon on http://DiamDrop.com , our retail diamond platform
Connecting manufacturers and customers transparently benefits everyone and makes the market more competitive!

[Huucrypto1]

Every Diamcoin will ALWAYS be equal to one dollar backed by a real, physical, certified diamond, therefore eliminating the investors’ concern about a crypto market crash. 1DIAM = 1 USD! . If this were true then it would be great for me. Thanks.

[mv1986]

If your project is indeed different and a strong one like you have written in the OP that it is backed by real diamond and different from other stable coins then why you need to hire a third party to pay Ethereum to people to bump your ANN thread by replying all those one line shit replies/questions?

Here is your hired third party is telling bounty hunters to ask those silly questions on here for earning a few USD worth of Ethereum.




And again the admin of that group asking people to reply on this thread as task number 7.




Here is the spreadsheet containing that people have indeed participated in this ANN bumping service and reported back to that third party ANN bumping service provider with their reply links.

https://docs.google.com/spreadsheets/d/1QzM6virV2Iy7PgF6hMVaS-jlwVi2UOk0t-kMLUUkUlQ/edit#gid=2145778498

Don't you think if other people see most of those one sentence stupid question then they are probably going to stay away from your project?

Haha this is funny. Backed by real diamonds and needs some cheap bumping services to raise awareness. Would love to see proof or verification of the diamonds in possession.

Regarding verification of diamonds possesion, we'll make our first auditing public as soon as it's conducted, which will be before the public can purchase any DiamCoin. So you don't have to worry about that.

Now, regarding the thread bumping that has been in discussion in this thread, all we can say is that the people running our bounty campaign unilaterally decided to do this and that we're looking into it. For now, we've given instructions to remove everything related to BitcoinTalk from the bounty. We've also made a point to take a good hard look at how the bounty is being done to avoid more episodes like this. We never intend to break any rules (either BitcoinTalk's or any others), and deeply care about investors' trust.

If you have any follow up questions, we're always monitoring this thread to answer them.

Thanks!

-Carlos Cano, Social Media Manager
DiamCoin

Alright, let's wait for the audit! I am curious to see who your auditor is and how that audit is going to prove your claims and overall business to be valid.

[carloscancab]

If your project is indeed different and a strong one like you have written in the OP that it is backed by real diamond and different from other stable coins then why you need to hire a third party to pay Ethereum to people to bump your ANN thread by replying all those one line shit replies/questions?

Here is your hired third party is telling bounty hunters to ask those silly questions on here for earning a few USD worth of Ethereum.


https://i.imgur.com/ORHAwzw.jpg?1

And again the admin of that group asking people to reply on this thread as task number 7.


https://i.imgur.com/EbnzEnq.jpg?1

Here is the spreadsheet containing that people have indeed participated in this ANN bumping service and reported back to that third party ANN bumping service provider with their reply links.

https://docs.google.com/spreadsheets/d/1QzM6virV2Iy7PgF6hMVaS-jlwVi2UOk0t-kMLUUkUlQ/edit#gid=2145778498

Don't you think if other people see most of those one sentence stupid question then they are probably going to stay away from your project?

Haha this is funny. Backed by real diamonds and needs some cheap bumping services to raise awareness. Would love to see proof or verification of the diamonds in possession.

Regarding verification of diamonds possesion, we'll make our first auditing public as soon as it's conducted, which will be before the public can purchase any DiamCoin. So you don't have to worry about that.

Now, regarding the thread bumping that has been in discussion in this thread, all we can say is that the people running our bounty campaign unilaterally decided to do this and that we're looking into it. For now, we've given instructions to remove everything related to BitcoinTalk from the bounty. We've also made a point to take a good hard look at how the bounty is being done to avoid more episodes like this. We never intend to break any rules (either BitcoinTalk's or any others), and deeply care about investors' trust.

If you have any follow up questions, we're always monitoring this thread to answer them.

Thanks!

-Carlos Cano, Social Media Manager
DiamCoin

Alright, let's wait for the audit! I am curious to see who your auditor is and how that audit is going to prove your claims and overall business to be valid.

We sincerely appreciate when people voice their concerns about trading safety issues, and strive to showcase our reliability up to the highest level. This is why we're making public audits of our vault (monthly, indeed!), to be transparent and responsive to even the most inquisitive investors. So far we're looking into a firm to audit our smart contract, and it seems like IDEX (the leading authority when it comes to diamonds) will audit our vault.

At the end, we're all here for trustless, democratic systems!

-Carlos

[Hello Diamonds]

What will be the future value of Diamcoin?

the same value always, Diamcoin is a stable coin so they will do everything to avoid the volatility, in fact as they say, the tokens are backed by diamonds , means that you will always be able to buy diamonds with your tokens and always at the same rate.

its a good thing.

Almost got it 100% right, but missed a small detail... we're launching our platform DiamDrop.com which will allow users to exchange their DiamCoin for real diamonds... at prices way lower than the market! This way, your coin is always worth more than it's dollar value in Diamonds.

It's a win win!

[LbtalkL]

I saw a bunch of stablecoin just last year pop out on the market how does diamcoin differ with them? You said there is no ICO or STO so investors will invest or buy directly from exchange or are you going to create your own market?

[carloscancab]

I saw a bunch of stablecoin just last year pop out on the market how does diamcoin differ with them? You said there is no ICO or STO so investors will invest or buy directly from exchange or are you going to create your own market?

So, we're doing an IEO, which is slightly different. You can find a lot of information online about it, but the basic idea can be summarized here: https://coincentral.com/what-is-an-initial-exchange-offering/

Initial Exchange Offerings are very popular in several parts of the world, including Korea.

On the differentiation side, it's important to understand that our currency is backed by assets, which makes both adoption and stability easier than the methods we normally observe in the market. We've explained this in other questions so I won't go too long about it, but the basic idea is that, since diamonds perform better than dollars, our currency is protected against inflation, crises, and several other flaws of fiat and cryptocurrencies.

-Carlos