Diamond the Decentralized Social Network includes NTF World and More
What is Diamond?
Diamond is a new type of social network that mixes
speculation and social media, and it’s built from the ground up as its own
custom blockchain. Its architecture is similar to Bitcoin, only it can support
complex social network data like posts, profiles, follows, speculation
features, and much more at significantly higher throughput and scale. Like
Bitcoin, Diamond is a fully open-source project and there is no company behind
it-- it’s just coins and code.
Buying Diamond
The Diamond blockchain has its own native cryptocurrency,
called Diamond, that you can use to do all kinds of things on the platform,
including buy a new type of asset called “creator coins,” discussed below.
Anyone can buy the Diamond cryptocurrency with Bitcoin in
minutes through the app’s built-in decentralized “atomic swap” mechanism,
available on the “Buy Diamond” page. The supply of Diamond is capped at approximately
10.8 million, roughly half that of Bitcoin, making it naturally scarce.
What are Creator Coins?
Everyone Has a Coin
Every profile on the platform gets its own coin that anybody
can buy and sell. We call these coins “creator coins,” and you can have your
own coin too simply by creating a profile. The price of each coin goes up when
people buy and goes down when people sell.
You Can Buy Your Favorite Person’s Coin
To buy someone’s coin, you simply navigate to their profile
and hit “Buy.” You can find someone’s profile either by searching for it or by
visiting the creator coin leaderboard (shown below). Profiles for the top
15,000 influencers from Twitter have been pre-loaded into the platform, which
means you can buy and sell their coins even though they're not on the platform
yet. These “reserved” profiles have a “clock” icon next to their names,
indicating the owner of the profile has not joined yet.
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