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The best of crypto collected in 100 rings

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Cryptocurrencies have grown exponentially since their inception to become one of the richest and most successful industries. Cryptocurrencies have created new opportunities for new blockchain projects by optimizing different sectors such as marketing, transportation, art, music, jewelry, etc. 

One of the best solutions that have come out of the blockchain so far is NFTs . NFTs can integrate physical assets into the world of cryptocurrencies and make them permanent. They help to deal with various problems like property theft, copyright infringement, poor marketing skills, etc. Diamond Hands is a collection of NFT jewels of DESIRED which drew 100 rings inspired by Bitcoin and tokenizzati them to create the perfect memorabilia for the crypto world. 

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What are NFTs?

NFTs are non-fungible tokens that are assigned to physical assets such as a piece of art, music, sports memorabilia, and in the case of Diamond Hands , diamond rings. NFTs are non-fungible, unique and assign permanent ownership as they are registered on the blockchain. These NFTs can be sold, bought and traded with other preferred NFTs or cryptocurrencies.

One of the best examples of NFT capabilities was shown by UniSocks . UniSocks, two years ago, launched a limited edition pair of socks that in itself doesn’t have much value. The real value was in the SOCKS token assigned to the pair of socks to facilitate trade. The SOCKS token operated on a bond curve pricing mechanism where the price of the token increased after each sale. The initial price of a pair of socks was $ 12, but it has risen and is currently trading at $ 65,000.

Diamond Hands works with the same selling mechanism and increases the price of the IBWT (In Bitcoin We Trust) token by 6% on each sale to incentivize early holding. 

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Why Diamond Rings?

Rings are one of the most underrated pieces of jewelry while being the most popular. DESIRED and Diamond Hands founder Roman Burch is a jewelry expert who believes that jewelry is more than just a commodity. By creating an NFT collection of Bitcoin-inspired rings, Roman wanted to celebrate the importance of jewelry and at the same time pay homage to cryptocurrencies. 

Diamond Hands founders Roman Burch and Yevgeniy Sarayev believe in the potential of cryptocurrencies and want to create an NFT collection that can show their appreciation of the Bitcoin journey. All elements in the design of the ring represent the ideals of the founders and represent a part of Bitcoin’s journey. 

“Our new limited edition diamond hands collection is dedicated to the world of cryptocurrencies. I was inspired by the history of Bitcoin, how it integrated into our lives, how it resisted all economic models. I have been following his ups and downs closely, waiting for the whole world to finally accept him. And in the first link, “In Bitcoin We Trust”, I tried to show this story, to convey the principles of diamond hands. Putting ideology into physical form, ” said Roman Burch.

Design elements

The most obvious element of the design that indicates the importance of Bitcoin is its logo engraved on the top of the ring with the ideals of cryptocurrencies (Peer to Peer, Decentralization, Anonymity and Freedom) engraved on the circumference. 

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On one side, the words Satoshi Nakamoto (the founder of Bitcoin) and 2008 (the founding year of Bitcoin) are engraved with Katsushika Hokusai’s legendary “Great Wave off Kanagawa,” representing Bitcoin sweeping away centralized finance. 

All the elements of the ring, including the diamond and the emeralds, are chosen and strategically positioned to represent a principle of the crypto world, such as robustness, solidarity and transparency. 

Diamond Hands also has a special surprise for all token holders in the form of a secret message engraved under the morse code ring. This message is hidden from prying eyes and is an unspoken reminder of the value and power of cryptocurrencies. 

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Conclusion

Diamond Hands is an exclusive collection that has only 100 rings associated with the IBWT token. Anyone can buy the token on Uniswap v3 and keep the token. Since IBWT works with a bond curve, the price of the token will increase after each purchase giving the maximum advantage to the first holders. Token holders can redeem IBWT tokens to get a physical ring on the website.

Diamond Hands is a great initiative to celebrate the journey of cryptocurrencies to become a billion dollar industry. Currently, the collection includes diamond rings, but will soon add more items such as watches and necklaces all inspired by Bitcoin. 

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Bitcoin Drops as China Declares Crypto-Businesses Illegal

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  • China declared that cryptocurrency-related businesses are illegal
  • Bitcoin, Ether, and stablecoin Tether do not qualify as legal tender in China
  • BTC drops in price as the announcement went out

Once again, China reiterated its antagonistic stance on Bitcoin and the cryptocurrency industry as a whole.

In an announcement, the People’s Bank of China (PBOC) mentioned that BTC, ETH, and USDT are not legal tenders in China. They added that these cannot be used in the currency market.

Additionally, the central bank deemed all crypto-related businesses as illegal. This includes overseas exchanges serving residents within China and derivative transactions.

Following the news, Bitcoin’s price fell by almost $2,000 as the news circulated. This has been a common pattern whenever China FUD comes out.

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Earlier, China also reiterated its stance on crypto trading and mining while testing the Digital Yuan. According to the PBOC, it will continue releasing regulatory pressure over the crypto trading industry.

Despite the negative news, many analysts remain bullish on Bitcoin and the cryptocurrency industry as a whole. According to analyst Lark Davis, this is not new and will happen again in the future.

In a tweet, Davis mentioned that “The year is 2025, #bitcoin has just corrected from 400k to 250k on China banning BTC fears.”

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Can Bitcoin Surpass $6,000,000? Ethereum and Polkadot Creator Details Possible Future of Crypto

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Early Bitcoin developer and co-founder of Ethereum and Polkadot, Gavin Andresen, is outlining a future where BTC rises to a staggering $6,000,000 per coin.

Gavin Andresen, who took over as Bitcoin’s lead maintainer from founder Satoshi Nakamoto in 2011, just published a new blog post detailing how BTC’s theoretical evolution could look.

Andresen describes a “possible” scenario where Bitcoin hits a price tag of $6,000,000 by 2061, transaction fees 326x higher than they are now, and the blockchain is used chiefly by whales.

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“Imagine: it is the year 2061. The BTC price is six million US dollars – equal to about a million 2021 dollars because of inflation.

Miners are being rewarded 0.006103515625 BTC per block, plus transaction fees of about 5 BTC for 4,000 or so transactions ($7,500 per transaction).

But most BTC transactions don’t happen on the BTC network. Most BTC is locked up in multi-signature outputs secured using multiparty computation and mirrored on another chain as ‘wrapped’ tokens.”

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In his scifi scenario, Andresen says those who do remain on Bitcoin’s network will be incentivized to keep it alive.

“The transactions that do occur on the main BTC network are high-value, mostly between super-whale-size holders…

These whales maintain the BTC network forever. They are the miners and the transaction creators; they don’t care how high transaction fees go, because they receive as many fees as they pay.”

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However, Andresen says that by 2100, even those users would likely leave the blockchain.

“In the year 2100 the whales notice that the mining reward is basically zero… Eventually, there are zero new BTC being produced on the BTC network, and zero BTC circulating on the BTC network. There is nothing left to secure, and the chain stops.”

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Top Analyst Maps Bitcoin and Cardano Price Trajectories, Warns Best Entry Point for ADA May Be Gone

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Top Analyst Maps Bitcoin and Cardano Price Trajectories, Warns Best Entry Point for ADA May Be Gone

Crypto trader Michaël van de Poppe is looking at what’s ahead for Bitcoin (BTC) and the smart contract platform Cardano (ADA).

The analyst tells his 420,000 Twitter followers that the best entry point for Cardano may be gone after the asset bounced off a key support level at $1.86.

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“If you want to get into Cardano, this was the region where you would want to get into it, and the higher low that might be created.

So based on the daily timeframe, the best entry might be gone, but you’re still getting a better entry than the ones who have been buying around $2.80.”

Van de Poppe is now looking to see if ADA can turn resistance at the $2.37 level into support.

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If the markets correct further, he is keeping an eye on the $2.15 level as a potential buy zone.

“When you’re looking at the four-hour time frame, I think you’re getting the exact same view as what you have right now on Bitcoin and [Ethereum], actually. So you’re going to look for an entry point which is around the fact of $2.15, so anything in this region might be a good entry point if we get a corrective move.”

Looking at the Bitcoin pair, van de Poppe thinks that ADA will most likely consolidate briefly after retesting support at its previous all-time high.

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“We can see that we’ve had a beautiful retest of the previous high here too, and therefore some consolidation is most likely going to take place before we’re going to have new impulse waves.

So both the USDT and BTC pair are looking for continuation, and I think that’s just great, and I think that’s just what we want to see with the markets right now.”

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