DMD Diamond started in June 2013 and went through several revisions and improvements, and has never changed its fundamental values of being a digital currency not controlled by the government. It has fast, secure transactions at almost zero cost and, at the same time, it is an asset that generates interest at a high annual interest rate that allows people to achieve financial freedom. This crypto innovation of the modern blockchain era is an excellent storage of wealth backed by network protocols, infrastructure, and services.
The amount of DMD coins is finite. In just over 4.5 years since the first block was extracted, the system produced almost 2.5 million coins, equivalent to half of its final total of 4.38 million coins. The stage of the first to adopt it is supported by the generous rewards scheme of the protocol, which follows a decreasing curve rate, the block rewards are reduced without problems over time without an abrupt reduction in half. Within the next 10 years, the interest rate will gradually fall from the current 25% to 1%, ending the era of easily obtainable Diamond DMD currencies.
Backed by a company with a storefront i.e. BuyHatke Pvt Ltd, Bitbns offers a safer solution to cryptocurrency trading in India. But it is to be noted that because of the low trading fees, Bitbns is acquiring the most competitive status quo among early adopters, miners and investors.