What is Diamond Boyz Coin (DBZ)? A detailed overview of the DBZ . coin

• Overview of Diamond Boyz Coin (DBZ)
• What is Diamond Boyz Coin (DBZ)?
• What problem does Diamond Boyz Coin solve?
• Highlights of the Diamond Boyz Coin project
• Founder of DBZ
• Roadmap of Diamond Boyz Coin project
• Overview of Diamond Boyz Coin (DBZ)
• Basic information about the DBZ . token
• DBZ . Token Allocation
• Functions of the DBZ . token
• Where can Diamond Boyz Coin (DBZ) be traded?
• Should I invest in Diamond Boyz Coin (DBZ)?
• summary

Overview of Diamond Boyz Coin (DBZ)

What is Diamond Boyz Coin (DBZ)?

Diamond Boyz Coin (DBZ), launched in June 2021, is a decentralized cryptocurrency built to BEP20 standards on Binance Smart Chain . It is one of the projects built with the goal of bridging the gap between blockchain technology and the real world. 

Diamond Boyz Coin is widely known by the Crypto investment community in Vietnam thanks to the name of the project Founder, Johnny Dang (Dang Anh Tuan), a Vietnamese-born diamond millionaire.

Johnny Dang created Diamond Boyz Coin for concert ticket transactions, verification assistance and jewelry distribution. Currently, DBZ is mainly used in the diamond business in his jewelry chain.

Johnny Dang's goal is to build his company into a leader in the field of payment and verification for diamond transactions, making DBZ a specialized cryptocurrency for use in real diamond transactions.

What problem does Diamond Boyz Coin solve?

Billion-dollar industries such as the entertainment industry and the jewelry industry have many problems such as fake tickets, fake diamonds, fake certificates, etc.

It is difficult for non-specialized customers in the jewelry market in general or the diamond market in particular to be able to assess the quality, as well as verify the product's origin, in addition to trusting the seller.

As for small retailers, the problem they face is creating trust with customers about the quality and origin of the jewelry.

Diamond Boyz Coin (DBZ) wishes to provide a solution to the above problems by using NFT ( Non-fungible Token ) to verify the authenticity of these items. NFT is a type of proof of ownership of an encrypted asset (music tickets, digital diamond certificates, etc.), ownership information will be kept on the blockchain. 

Diamond Boyz Coin is a blockchain project, built on the BSC network. According to Mr. Johnny Dang's plan, in the future when the Diamond Boyz Coin platform is completed, diamond buyers will be able to know where the origin of this diamond product came from and which owners have passed through. … by applying blockchain technology. 

Highlights of the Diamond Boyz Coin project

Payment methods

DBZ is the currency on the Diamond Swap NFT Marketplace of Diamond Boyz Coin. It is used as a means of payment, exchanged for collectibles, concert tickets, and anything else available on Diamond Swap.

Users can buy and sell NFT safely and securely on Diamond Swap.

Diamond Swap is also one of the first marketplaces to offer concert ticketing services via blockchain. 

Now, musicians and performers will be able to create shows and sell NFT tickets. This is creating a new way for artists to interact with their fans.

When Diamond Swap is fully built, entertainment and jewelry related features will be enhanced to meet needs such as: Small musicians looking to sell tickets for a show or a producer multinational jewelry exporter looking to verify product authenticity.

Entertainment

Diamond Boyz Coin has built a special reward system for DBZ token holders. Users can redeem their DBZ or NFT tokens to gain access to special events, concerts and VIP experiences hosted by Johnny Dang. 

Holding DBZ tokens or NFT collections will open the door to users to experiences that very few of the general public can access.

Verify authenticity

As mentioned in the previous sections, in the jewelry and diamond market, it is very difficult for customers to determine the origin and real valuation of assets. 

Diamond Boyz Coin was created to verify the authenticity of these assets. This is the most special feature of the Diamond Boyz Coin (DBZ) project.

The project will do this by issuing a DBZ Diamond Digital Certificate on the blockchain, which cannot be tampered with. 

After going through the physical validation processes of the verifiers, the data is fed into the DApp to encrypt the DBZ Diamond Digital Certificate in the form of NFTs. DBZ will ensure safety through the entire transaction: From the mine, gem research center, sales staff… 

Founder of DBZ

Johnny Dang real name Dang Anh Tuan is Founder of Diamond Boyz Coin project. He is known as a Vietnamese-American businessman who owns the famous jewelry store chain Johnny Dang & Co.

Johnny Dang is famous as a man who made gold-plated braces and jewelry for teeth. He has been famous in the US since the 2000s. In Vietnam, Johnny Dang is praised by the media as a successful diamond billionaire, the golden king...

This Vietnamese-born businessman has many relationships with famous figures. Many superstars in the American music industry such as Kanye West, Jay Z, Beyonce, Nicki Minaj, Lil Wayne, Cardi B, Rick Ross... are Johnny's customers. Even the American press praised Johnny as "the king of gold".

Roadmap of Diamond Boyz Coin project

Before June 2021: Market and user research

June 2021: Launch of DBZ

July 2021: Listing DBZ on exchanges

Q4/2021: Platform development, cryptocurrency wallet, App building on iOS and Android

Quarter 01/2022: Expand distribution partners, launch Airdrop program, strengthen marketing campaign and become a Top 10 cryptocurrency

According to the development roadmap, in the fourth quarter of 2021, DBZ has completed the Diamond swap platform, connected with a number of cryptocurrency wallets, and can buy NFT music tickets with DBZ. But currently Diamond Boyz Coin still has no App on IOS, Android.

Overview of Diamond Boyz Coin (DBZ)

Basic information about the DBZ . token

• Symbol: DBZ
• Network: Binance Smart Chain (BSC)
• Token Standard: BEP-20
• Contract: 0x7a98…dfd3f71db
• Total Supply: 1,000,000,000 DBZ
• Exchange rate at the time of writing (January 2022): 0.005621 USD (according to CoinMarketCap).
• Circulating Supply: 500,000,000 DBZ 
• Locked supply: 500,000,000 DBZ
• Liquidity Provider Reward: 5%
• Holders Reward: 3%

DBZ . Token Allocation

Right from the release, 500,000,000 DBZ has been put into the available liquidity pool so that people can buy or get rewarded tokens through Johnny Dang's diamond airdrop program to be given DBZ tokens.

The remaining 500,000,000 DBZ has been locked to allocate to other works such as: Marketing, project development, community building, airdrop and other incentives in the future.  

On 01/01/2022, 250,000,000 locked DBZ will be burned immediately and any DBZ rewarded to that address (Holders Reward) will be donated to charities. However, on the current onchain data, the project has yet to transfer 250,000,000 DBZ tokens to the wallet ( 0x000..0Dead ) to “burn” the token as mentioned in the whitepaper.

Functions of the DBZ . token

DBZ tokens can be used to: 

• Receive rewards from owning DBZ tokens (Holders Reward)
• Get access to Johnny Dang's special events, concerts and VIP experiences
• Used to buy and sell diamonds at Johnny Dang's store

Where can Diamond Boyz Coin (DBZ) be traded?

Investors can buy, sell, exchange or swap DBZ tokens on exchanges such as: PancakeSwap , Bibox , BitMart...

Should I invest in Diamond Boyz Coin (DBZ)?

Currently, the Diamond Boyz Coin project is only in the early stages of issuing tokens on Binance Smart Chain, there is not much information about the project. The original purpose of the DBZ token is to help customers pay when buying diamonds at Johnny Dang's stores.

The idea of ​​the project is to solve the problem of the diamond market. The parties in the diamond buying/selling will know its past formation and transaction process, everything will become more transparent to everyone. 

However, according to information from the project's Whitepaper, a Blockchain-based Digital Certificate (DBZ Diamond Digital Certificate) is still just an idea, the future intention of the project. Meanwhile, this is the core point that the project must focus on.

An equally important point is information about the development team. Johnny Dang is the only representative name related to the project. For investors who care a lot about the direct programmers of the project, perhaps this is a minus point.

In addition, DBZ has quite strong price fluctuations, but it is only used in the ecosystem of Johnny Dang company, so the demand and liquidity of this cryptocurrency is not high, it is easy to have many problems such as manipulation. price. Most recently, less than 2 months after peaking at $0.145 (evening September 28, 2021), the Diamond Boyz Coin (DBZ) cryptocurrency has lost more than 80% of its value or 0.021 US dollar/token on the evening of November 30, 2021 after the conflict between Khoa Pug and Johnny Dang.

Investors can refer to more information about this incident on TraderH4: Khoa Pug reflects Johnny Dang's Diamond Boyz Coin (DBZ) has signs of fraud .

It is also not possible to draw conclusions about the development potential of the project, as well as the DBZ coin. Johnny Dang himself also commented, holding cryptocurrency is completely risky, Johnny Dang & Co company will not be responsible for any loss or gain. 

summary

Hopefully through the article, investors have learned what Diamond Boyz Coin (BDZ) is through the detailed information compiled by TraderH4. If you are interested in the DBZ cryptocurrency, then you need to constantly update the news related to the Crypto market on TraderH4 to be able to give the most accurate assessment for your investment process.

• Khoa Pug hid from assassins after accusing Diamond Boyz Coin of fraud
• Khoa Pug reflects Johnny Dang's Diamond Boyz Coin (DBZ) has signs of fraud again