Diamond Boyz Coin
What is Diamond Boyz Coin?
Diamond Boyz Coin (DBZ) is a decentralized and transparent cryptocurrency designed for real-life use cases, particularly for the jewelry and music industries. The token offers innovative solutions to the supply chain of corporate businesses and small businesses globally. The platform aims to facilitate the distribution, verification, and transactions of assets within the jewelry and music industries through the use of non-fungible tokens (NFTs).
The main problem faced by both industries is counterfeiting, which costs billions of dollars each year. Diamond Boyz Coin claims to solve this problem by introducing NFTs to verify the authenticity of items related to the jewelry and music industry. The project seeks to protect businesses' and consumers' interests while saving millions of dollars annually.
Diamond Swap, the platform's user-friendly marketplace, collects data and information from users to verify media events via NFT tickets. The marketplace is designed to compete with other blockchain-based marketplaces and is open to all artists, musicians, and content creators. These individuals can trade and create NFTs, and users can access concert tickets through NFT trading. The platform also provides built-in ticketing for concerts, events, parties, and much more. Additionally, content creators can create collectible NFTs of concerts, which helps them connect with their community.
The platform is built on the Binance Smart Chain network and utilizes a developed protocol. The platform's native token is DBZ, and the ticker name is also denoted by DBZ. It is a BEP20-based coin that facilitates the transfer or initiation of smart contracts in seconds. Users swap DBZ coins against NFTs available on the platform. The DBZ coin is a utility token used as a payment method and to power the marketplace. It works on the proof-of-stake consensus mechanism.
Johnny Dang and Paul Wall created Diamond Boyz Coin, and the project's whitepaper is named The Diamond Paper. Dang, a celebrity jeweler and international superstar, has been in the jewelry business for almost thirty years and creates jewelry for many artists, influencers, and musicians worldwide. The platform was launched in November 2021.
The maximum total supply of the DBZ token is 1,000,000,000 DBZs, with 500 million unlocked to show the true potential of DBZ coin based on four Cs: charity, count, character, and corners. Platform users receive NFTs from the platform and are rewarded with airdrops, staking, holding rewards, and more. Holders of NFTs are allowed to stake their tokens on the platform and are eligible for 3% of the royalty. Additionally, 20% of all platform fees are distributed to NFT holders who stake their tokens. Liquidity providers are also rewarded with a 5% reward from the supply.
In summary, Diamond Boyz Coin is a decentralized and transparent cryptocurrency that seeks to solve the counterfeiting problem faced by the jewelry and music industries through the use of NFTs. The platform offers a user-friendly marketplace, and its native token, DBZ, works on the proof-of-stake consensus mechanism. Users can earn rewards through staking their tokens or holding NFTs, and liquidity providers are also rewarded. Diamond Boyz Coin was created by Johnny Dang and Paul Wall and was launched in November 2021.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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