Dimecoin is an electronic cash system that has been designed as free and open-source for the benefit of its users. It is a P2P cash system in which the users have the crypto keys with them and have the facility and freedom to transact money with each other directly. The coin operates almost on the same lines as the more popular cryptocurrency Bitcoin.
Dimecoin has gone through a period of high uncertainty as the original developer and team had created the cryptocurrency solely with a commercial intent. They wanted to make fast money from the platform. The currency associated with the platform, DIME was pre-mined by the developers at 8 per cent. Everything was then gradually dumped at CoinedUp. It is a cryptocurrency platform where trading of digital currency is conducted without the involvement of any real money.
This is a classic case of pump and dump which is not a new thing in the digital currency marketplace. However, Dimecoin was not consigned to history as a case of a scam. Dimelord had a closer look at the currency and its system and saw some potential. He spoke to many people, conducted meticulous research and arranged for the resurrection of the coin. His effort included setting up the coin as a foundation so that the market share of Dimecoin could get a boost. The idea was to get it on more cryptocurrency exchanges and prepare a future through a well-defined roadmap.
The new team has strived hard to bring the coin back to glory by making arrangement for its development. Every possible resource has been tapped including business associates, friends, and favors that included monetary assistance. The team is always on the lookout for some extra help, tapping other cryptocurrency developers or those who are keen to take a plunge into the industry and believe that Dimecoin could present them with the platform and opportunity to make it big in the world of cryptocurrency.
Dimecoin has the potential to hit the big time and can definitely survive in a market full of cryptocurrencies. According to its new owners, Dimecoin is in a unique position of being a People's Coin. It will most likely thrive in the right niche wherever the right opportunity presents itself. It will come back with a bang when there is a good idea and time to push the project with all the efforts possible.
The DIME in circulating supply are 539, 096,740,560. Their market cap is $6,191,472 and they are trading at $0.000011.
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