Cryptocurrency attributes
Other attributes
Every economic system has a profit motive, so does DECENOMY. But in almost all ecosystems social behavior usually comes at a cost, which is fundamentally wrong. If people are socially secure and behave socially in such an economic system, then such an economic system is much more powerful.
We are talking at DECENOMY about a real market economy and not a communist or socialist economic system. But with DECENOMY, we just turn the parameters around: social behavior does not generate costs, but antisocial behavior generates costs. And social behavior generates returns.
And since a market economy is oriented towards costs and returns, social behavior in such a system leads to higher returns. Market-based competition will then force social behavior.
How we will do this? Smart Contracts will make this possible. We will inform about it in details in the White Paper from DECENOMY and from DASHD. They will be released at the end from Q4/21.
Why the name Dash Diamond?
DASH stands for the idea of masternodes like no other coin and Dash Diamond is a masternode coin. Diamonds stand for something special and we think that a system that rewards social behavior in a market economy is something very special.
MASTERNODES
An interesting way to earn revenue by providing technology is by providing a Masternode that runs on a proof-of-stake (PoS) base.
First and foremost, a Masternode, like any other full node, is a node server within a network. Full nodes are important because they process transactions and store them in the blockchain.
In addition, however, a Masternode operator has tasks and rights that a normal full node operater does not have. For this gets the operator high rewards.
In order to obtain the status of a Masternode, the Masternode operator must deposit a corresponding number of coins. For this and for the performance of the tasks and the provision of computing power and storage space, he receives rewards on base of the corresponding Coins (Proof-of-Stake).
However, to be a Masternode operator, you first need to deposit some coins to the network as per the minimum threshold. The Dash Diamond masternodes will supposedly receive 80% of each block reward.
