Ripple, the blockchain-based digital payment network has been in the headlines recently for its developments and has recently announced the introduction of Diamond Hands (DHANDS) movement presale which begins on the 10th of September, 2024. This presale aims at raising funds for development, for building a community and to support the project growth.
What is Diamond Hands?
The Diamond Hand is a movement created for investors that hold on to their assets despite the market volatility or fluctuations, also referring to those who hold their investments for long-term even when the market gets difficult or rough. The DHANDS movement is created on the Stellar network and and focuses on the HODLers and investors with long term vision.
DHANDS Presale
The DHANDS presale will have a total supply of 10 billion tokens. Out these 10 billion tokens, 90% (9 billion) of them will be sold during the presale and the rest of the 10% (1 billion) will be allocated to the team. Unsold token will be used for staking and for partnerships. The hard cap of the presale has been set at 4 million XLM which will be used to raise funds for project development, staking and partnership.
Recent Developments
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This news comes in right after Ripple’s win in the SEC case, which recognized XRP as a currency rather than a security. This ruling has gained confidence of the investors and leading to surges in XRP’s price.
Furthermore, Ripple’s On-Demand Liquidity has been gaining a lot of attention from financial institutions like SBI Remit adopting the technology. This increase in adoption of XRP and its growing value clearly shows that Diamond Hand movements does have potential growth in the future.
This Diamond Hands presale highlights the growing importance of community-driven projects and long-term vision of Ripple in the crypto world.
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Also Read: Ripple CEO Announces XRP Stablecoin Will Arrive in Weeks
