‘In Bitcoin We Trust Ring’ is now available on OpenSea
Diamond Hands, a limited collection of 100 tokens by the jewelry brand DESIRED, got listed as an NFT on OpenSea, the preliminary NFT marketplace. In Bitcoin We Trust (IBWT), the token represents proof of ownership once the IBWT token has been redeemed in the platform for a physical ring of 750th gold purity, inlaid with 3.6-carat diamonds and 1.5-carat emeralds.
NFTs are a method to increase the value of already precious items and render ownership permanent. This listing will validate Diamond Hands collection’s uniqueness, making it available for buyers to access exclusive high-quality. jewelry. In addition to this, the edition counts on a bonding curve that raises the token’s price after every sale by 6 percent.
This is a sales mechanism adopted to motivate early investors and allow them to boost revenues as purchases increase. In Bitcoin We Trust (IBWT) is an ERC-20 token that can be traded like any other token.
In this scenario, the token can be swapped on the platform to get a physical ring. Furthermore, the Diamond Hands collection is designing necklaces (1.5 IBWT), watches (2 IBWT), and two unisex rings with a cost of (0.7 IBWT) and (0.5 IBWT), depending on the size.
These new products create an additional deficit for IBWT tokens by redeeming small parts of them. Therefore, each IBWT sold stimulates the token’s value by creating a beneficial price curve for In Bitcoin We Trust.
How to Redeem Diamond Hands Token
A Diamond Hand Collection token, IBWT holder, can be swapped for a physical diamond. Redeeming the token involves burning to create artificial scarcity and following these simple steps.
- Purchase IBWT tokens
- Order a customized ring from Diamond Hands.
- Go to the website https://app.diamondhands.ai/, click the “Redeem Button” on the top right hand. A window will open.
- Enter your IBWT token to burn it. If you have burnt your token but have not requested a delivery, enter your ‘Transaction Hash” in the box to validate.
About Diamond Hands
DESIRED is a company based in Bali, Indonesia, that relies on its manufacturers in Hong Kong to handcrafted their jewelry for the limited collection Diamond Hands. As such, this edition symbolizes a new era, the era of crypto.
Aligned with its inspiration in the crypto-world, Diamond Hands developed In Bitcoin We Trust (IBWT), which promotes crypto adoption and jewel significance. It was founded by Roman Burch, a premium jewelry expert, and Yevgeniy Sarayev, a crypto expert. Diamond Hands were created in honor of Bitcoin and aims to be a leading crypto platform.
Disclaimer: This is a paid post and should not be treated as news/advice.
This article was first written on yusmid.com