The Currency Analytics
By Steven Anderson
COINsistents: What are they, and where do they come from?
Studying COINsistents: DIAM
For How Long Will COINsistents Be Around?
Consensus welcomes the COINsistent movement
Crypto’s most important time of the year is here: Consensus is kicking off in New York City.
While we’ve been celebrating the return of a healthy market and juicy profits, those who preached stablecoins as the crypto market saviours have gone quiet.
In the middle of this climate, the event in New York will welcome a newly coined (pun not intended) term: COINsistent.
It is particularly true that, with the bear market drifting further apart from us, companies and individuals start making better, wiser creative decisions.
COINsistents, among many other advantages, present themselves as a way for investors to secure value over time, instead of showcase it through volatility.
COINsistents are also tied together by following certain guidelines that make them desirable to users.
A project that in particular has embraced and adopted the COINsistent vision is DIAM, a crypto asset that’s backed by diamonds.
DIAM is backed by 150 million US dollars worth of diamonds stored in a vault, and is issued with audits from one of the main diamantaire trading authorities, IDEX.
DIAM, a project rapidly gaining notoriety for its promise of stability in price but consistent growth on asset value is a good example of the COINsistent model: A project…
While it is true that no one can read the future in crypto, COINsistents seem to be aimed towards making the market stronger, and as such there’s no tendency that weakens them.
We’ll need to stay tuned to see if DIAM and other COINsistent projects manage to succeed in this new, exciting market!