🗣 How to get the DMD Diamond coins? 💥💥

Wondering on how to get rewarded with the DMD Diamond coins? Here, we will guide you on how to get them!

To start, let’s clarify what the DMD Diamond coin is. It is a native coin to the DMD Diamond blockchain, a Layer-1 blockchain. Since 2013, which dated the existence of the first version of the coin and its blockchain, there has been neither an ICO nor premine, nor presale. Each holder of DMD Diamond coins got it through their hard-earned money and contribution to securing the blockchain. Moreover, the community takeover of the project has been its major strength in terms of growth and development over the years. Therefore, nGetting DMD Diamond Coins

To satisfy your curiosity about how to get the DMD Diamond coins, you can achieve that by either being a validator candidate or staking on top of a validator candidate — all to secure the blockchain. You can become a validator candidate with at least 10,000 DMD Diamond coins. 

Other coin holders with a minimum of 100 DMD Diamond coins can stake on top of you or other validator candidates they trust to be reliable. With this, DMD Diamond coin holders can increase a validator candidate’s coin weight, which determines which candidate is finally or often selected to be part of the active validator set. 

The maximum number of coins per node is 50,000 DMD Diamond coins. A node can hold these alone or through the contribution of stakes from other DMD Diamond coin owners. Therefore, up to 438 nodes are possible, based on the number of DMD Diamond coins in circulation (with a minimum of 10,000 DMD Diamond coins as eligibility to be a validator candidate). 

Thanks to the blockchain’s POSDAO election validation ability, which helps in the random rotation of validator candidates, 25 active validator candidates are selected randomly every epoch (12 hours). Therefore, all validator candidates have an opportunity to get a turn twice a day. However, in situations with fewer than 25 candidates, the blockchain can function with fewer validators, too.

During each epoch, the validator nodes utilize the HBBFT (Honey Badger Byzantine Fault Tolerance) algorithm to validate transactions. In turn, epoch rewards are shared equally among all active validator nodes. Each validator then split his share between the coin owners who staked on him — in proportion to the number of coins they staked on that validator. However, misbehaving validators get no rewards — their coins would be locked and cannot become a part of the active set during a few epochs.

How epoch rewards (or block validation rewards) are shared between validators and stakers?

1. There’s an upfront 20% reward to the validator node operator.
2. The remaining 80% of the rewards are shared in proportion to the coin ownership between the validators and stakers (other coin delegators). 

For example, let’s say a validator candidate (who also doubled as the node operator) stakes 25,000 DMD Diamond coins, while the delegated stakes contributed by other coin holders on top of the validator candidate total 50,000 DMD Diamond coins—taking part in the active validator set! 

Result: 

1. There will be an upfront 20% reward to the node operator.
2. The remaining 80% are shared in this manner: 
3. 40% of the 80% reward is given to the node operator (because of his 50% of the total staked coins)
4. The remaining 40% (out of the 80% reward) is then shared among the delegates (owning the remaining 50% of the staked coins)

Exciting, right? While awaiting the DMDv4 release, head to Bitmart and start planning how to stock up on the DMD Diamond coins. That allows you to become a validator candidate or a delegate staking on top of a validator, helping secure the blockchain while getting rewards in return. 

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