Dear Diamond community,
as you might be aware Bittrex exchange has decided to delist DMD Diamond (https://bittrex.zendesk.com/hc/en-us/articles/360029727892
). The reasons for delisting were very generally excplained in a policy here (https://bittrex.zendesk.com/hc/en-us/articles/360000474232-Bittrex-Market-Token-Removal-Policy
). However, one can only speculate as it's impossible to pin point the exact causes.
It is disappointing to see the exchange with which Diamond has been since 2014 closing its doors to one of the oldest community run cryptocurrencies. Even though it's clear Bittrex wouldn't change its decision we will keep discussing with them how to get relisted in the future.
When such upsets happened in the past i.e. Cryptsy, Cryptopia the community dealt with it by moving their coins and business to the other platforms. No exchange owns DMD Diamond, because we all are our own bank. For DMD Diamond as a project nothing changes, the funding and development are secured and Diamond Foundation team follow what DMD community decided early on - codebase change proposal (https://dmd4.bit.diamonds/
) and voted favourably to implement it (http://voting.blockteks.io/
DMD Diamond foundation cooperates with fabulous teams of lab10 (https://lab10.coop/
) and PoA (https://poa.network/
) to deliver blockchain innovation that will make DMD rise like a Phoenix again. It's good to reiterate changes to come, among others:
- taking blockchain technology to another level Honey Badger consensus an eco friendly scaling solution for Etherum with cheap and fast transaction speed (in seconds) and immediate block finality,
- Web Wallet for greatly simplifying access to DMD blockchian thus boosting its adoption,
- Smart Contracts for decentralised apps of blockchain economy,
- Interoperability Bridge for inter blockchain value transfer,
- Offline Staking for maintenance free experience,
- New on chain Governance and Budgeting System to sow seeds of protocol's growth.
Thanks to DMD 4.0's compatibility with Ethereum based services and a wealth of infrastructure that's already present or being currently built, DMD Diamond will have a great opportunity to derive its value by means other than coin mechanics and trading alone.
Nonetheless, a healthy and robust market with high liquidity is what a coin needs too. Everyone from the community recognises that DMD's place is among large popular crypto exchanges and we believe with the new value proposition for DMD Diamond it will create a great deal of opportunity to open doors and make a difference. Also with positive community engagement there will be plenty more to be a part of in this growing smart economy.
Up until DMD gets back to some more liquid markets please check out the other long standing exchanges and establish market there:
- Livecoin.net (https://www.livecoin.net/
) - with DMD-BTC/ETH/USD pairs
- Crex24.com (https://crex24.com/exchange/DMD-BTC
) - with DMD-BTC pair
- Crypto Bridge (https://wallet.crypto-bridge.org/market/BRIDGE.DMD_BRIDGE.BTC
Diamond is the Phoenix of Crypto, there is much more to come.
DMD team will inform you of the next steps in due course. Stay tuned!
Remember (ending 13 Jul 2019):
Birthday Cake Competition (bonus 1st prize): https://bit.diamonds/community/index.php/topic,167.0.html
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