Diamond Time — Time-based BNB rewards to holders.

2 min readJun 11, 2021

Token value increases as holding time increases. Diamond time token rewarding BNB’s to token holders based on holding time period and volume.

A common misconception with the heavy APY average is the subjectivity of the impermanent loss from staking an LP (liquidity provider) in a farming reward generator. With the explosion of Defi, we have seen too many new cryptocurrency prospectors get sucked into a high APY LP-farming trap, feeling hopeless as they are pushed out by earlier buyers with higher staking rewards. We’ve all been there, seeing those shiny 6 digit figures can be pretty damn tempting to jump in. However, almost always the token suffers from the inevitable valuation bubble, which is then followed by the burst and the impending collapse of the price. This Is why we have seen the mass adoption of static rewards, also known as reflection, a separate concept that seeks to eliminate the troubles caused by farming rewards.

BNB Rewards

DiamondTime aims to implement a time-based BNB rewarding strategy that is beneficial and rewarding for those engaged for the long term. Furthermore, the total amount BNB reward pool is featured on our readout located on the website which allows for further transparency in identifying the current reward pool volume at any given point in time.

Automatic Liquidity Pool (LP)

Automatic LP is the secret sauce of DiamonTime. Here we have a function that acts as a two-fold beneficial implementation for holders. First, the contract sucks up tokens from sellers and buyers alike and adds them to the LP creating a solid price floor. Second, the penalty acts as an arbitrage-resistant mechanism that secures the volume of tokens as a reward for the holders. In theory, the added LP creates stability from the supplied LP by adding the tax to the overall liquidity of the token, thus increasing the token’s overall LP and supporting the price floor of the token.

Tokenomics

Total Supply: 1,000,000,000,000,000

For Sale: 850,000,000,000,000

Team/Marketing/Legal reserved: 15%

Token Protocol

DiamondTime employs 3 simple functions: Reflection + LP acquisition + Burn-In each trade, the transaction is taxed an 10% fee, which is split 2 ways.