What is Diamond Hands Crypto?
Diamond Hands Crypto is a Web3 lockbox platform built on Ethereum. We help you lock your cryptocurrency for 1-5 years so you can resist the urge to sell during market dips. Each user deploys their own personal time-locked vault that only they control.
Do you hold my cryptocurrency?
No! Your funds are locked in your own personal time-locked vault on Ethereum. Only you have access to withdraw the funds once the lock period expires. We never touch or hold your cryptocurrency - it's all controlled by blockchain code and you maintain full custody.
What cryptocurrencies can I lock?
We support wrapped ERC-20 tokens on Ethereum: WETH (Wrapped Ethereum), WBTC (Wrapped Bitcoin), USDT (Tether), USDC (USD Coin), and DAI (Dai Stablecoin). All deposits must be on the Ethereum mainnet.
How long can I lock my cryptocurrency?
You can choose a lock period from 1 to 5 years when you create your vault. Once locked, the funds cannot be withdrawn until the time period expires - not even by you! This enforced discipline helps you build long-term wealth.
Can I withdraw before the lock expires?
No. That's the whole point! The smart contract enforces the time-lock. Even you cannot withdraw early. This is designed to help you resist panic selling and build discipline. Choose your lock period carefully.
What wallets can I use?
You can use any Web3 wallet! We support MetaMask, Coinbase Wallet, Trust Wallet, Rainbow, Argent, and any WalletConnect-compatible mobile wallet. Ledger hardware wallets work via Ledger Live. Simply click "Connect Wallet" and choose your preferred wallet from the options.
What is the points system?
You earn 1 point for every $1 USD you deposit into your vault. Points unlock achievements and help track your Diamond Hands journey. The more you deposit and hold, the more points you earn!
Is this safe?
Our smart contracts are built with security best practices and include time-lock enforcement, automatic fee splitting, and withdrawal protection. However, all cryptocurrency carries risk. Only deposit what you can afford to lock away for the chosen time period.
What happens when my lock expires?
Once the lock period ends, you can withdraw your cryptocurrency from your vault at any time using your connected wallet. The smart contract automatically checks if the time-lock has expired before allowing withdrawals. After expiry, you have full control to withdraw whenever you want.
Can I deposit more after creating my vault?
Yes! You can make multiple deposits to your vault at any time before the lock expires. Each deposit will have the platform fee automatically deducted and the rest added to your locked balance.
What are the gas fees?
You'll pay Ethereum gas fees for three transactions: creating your vault, approving tokens for deposit, and the actual deposit. Gas fees vary based on network congestion. Our platform fee is separate from gas fees.
What is Bitcoin and how does it work?
Bitcoin is the world's first cryptocurrency - a decentralized digital currency that operates without banks or governments. It runs on blockchain technology, where transactions are verified by network nodes and recorded in a public ledger. Bitcoin can be stored in crypto wallets and used for peer-to-peer transfers. Our platform supports WBTC (Wrapped Bitcoin), which is Bitcoin on the Ethereum blockchain.
How do I invest in cryptocurrency?
To invest in cryptocurrency: 1) Set up a crypto wallet (like MetaMask or Coinbase Wallet), 2) Buy crypto through an exchange using traditional currency, 3) Transfer crypto to your personal wallet, 4) Consider long-term holding strategies. Diamond Hands helps with step 4 by providing time-locked vaults that enforce discipline and prevent emotional selling during market volatility.
What is a crypto exchange and how is Diamond Hands different?
A crypto exchange is a platform where you buy, sell, and trade cryptocurrencies (like Coinbase, Binance, Kraken). Diamond Hands is NOT an exchange - we're a behavioral finance tool that helps you HOLD crypto long-term. While exchanges make it easy to trade frequently (often leading to losses), we enforce time-locks to help you resist panic selling and build wealth through long-term holding.
What is a bull market in crypto?
A bull market is a period when cryptocurrency prices are rising or expected to rise significantly. Bitcoin and other cryptos historically move in cycles with bull markets (prices up) and bear markets (prices down). The challenge? Many investors sell too early during bull markets out of fear of losing gains. Our platform helps you set long-term goals and stick to them through entire market cycles.
How do I protect my crypto investments?
Protect crypto with: 1) Non-custodial wallets (you control your keys), 2) Hardware wallets for large amounts, 3) Never share your seed phrase, 4) Use strong passwords and 2FA, 5) Beware of phishing scams. Diamond Hands adds another layer of protection: time-locks prevent you from panic selling during crashes, protecting you from your own emotional decisions.
What is Ethereum and how is it different from Bitcoin?
Ethereum is a blockchain platform that supports smart contracts (programmable agreements) and decentralized applications. While Bitcoin is primarily digital money, Ethereum enables complex financial applications like our vault system. We built on Ethereum because its smart contracts allow us to create time-locked vaults with guaranteed rules that cannot be broken - even by you!
What is HODL and why does it matter?
HODL means "Hold On for Dear Life" - a crypto community term for long-term holding despite market volatility. Studies show that HODLing Bitcoin historically outperforms active trading. The problem? It requires emotional discipline most people don't have. Diamond Hands solves this by making HODL automatic through smart contract enforcement, removing willpower from the equation.
Should I invest during a bear market or bull market?
Successful long-term crypto investors often buy during bear markets (when prices are low and fear is high) and hold through bull markets (when prices rise and euphoria hits). The challenge is controlling emotions - fear makes you sell at bottoms, greed makes you buy at tops. Our platform helps by enforcing time horizons that span multiple market cycles, removing emotional decision-making.
What are stablecoins and why use them?
Stablecoins are cryptocurrencies pegged to stable assets like the US dollar (USDT, USDC, DAI). They combine crypto benefits (fast transfers, blockchain security) with price stability. Investors use stablecoins to: 1) Park profits without leaving crypto, 2) Avoid volatility, 3) Earn yields through DeFi. You can lock stablecoins in our vaults to enforce disciplined savings without price risk.
Is cryptocurrency a good long-term investment?
Cryptocurrency has shown strong long-term growth historically, but it's highly volatile and risky. Bitcoin has increased significantly over the years, but with massive short-term crashes. The key to crypto investing is time horizon - holders who survived 50%+ crashes and held for years saw gains, while traders often lost money. Our platform is built specifically for long-term believers who want discipline to hold through volatility.
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