DamasCoin (DAMAS) - Scam or Other Issues | Coinopsy
DamasCoin (DAMAS) - Dead Coins

DamasCoin (DAMAS)

DamasCoin was founded in 2018, it is not trading on any exchanges. DamasCoin was added to the dead coins list due to being Scam or Other Issues. Founder/CEO is Unknown.


  • Main reasons for dead coin listing Scam or Other Issues.
  • Started 2018, Ended 2018.
  • Social media ended 2018.
  • Trading ticker (DAMAS).
  • Total tokens unknown.
  • Not available to trade on any exchanges.
  • Was built on Ethereum blockchain.
  • Website is down.
  • The Founder/SEO is Unknown.

Further Details


ICO Scam and Website down.


http://web.archive.org/web/20181125144623/http://damascoin.com/ https://twitter.com/Damascoin


Screenshot Archived:


About DamasCoin

The cryptocurrency market with blockchain technology is increasingly demonstrating its potential and superiority. This will be the trend of modern civilization. Understanding that trend, we have built and developed the project of DamasCoin. DamasCoin is built in accordance with the standards for cryptocurrencies with complex mining algorithms, operations on a blockchain platform to ensure maximum reliability and security for transactions. We look forward to a vibrant DamasCoin community in the future. DamasCoin will be used as a means of digital assets exchange through smart contracts, which helps reduce transactions fees and saves time, ensures high reliability.

DamasCoin’s goal is to solve this issue by utilizing the Blockchain technology to create a completely new type of Cryptocurrency to Support Multi Level Business & Marketing. The aim of this currency will be to grow the coin to open market after initial launch.

DamasCoin will solve the problems of volatility that have been faced by other cryptocurrencies and regulations that have been a major stumbling block for its adoption. This is because of the unique spot that Bitcoin holds in our society where it is widely accepted as a store of value. Digital currencies have notoriously become unstable and volatile because of the fact that despite their popularity their market size is relatively small. With growth in their market capitalization, they will continue to gain some level of stability. The future of most of the cryptocurrencies remains the challenge of hyper volatility. This is largely because of the conditions of limited supply. The value of most of these cryptocurrencies is directly related by the subjective altitude of their users which can change with changing human needs and preferences.

As in the case of fiat currencies, controlling volatility is a challenge since most of the coins are created as fast as processing networks can solve these blocks. Another issue that is challenging to the future of cryptocurrencies, is the problem of adoption in the mainstream economy. Even though major strides have been made in adopting cryptocurrencies in the mainstream economic ecosystems, more needs to be done.

The intention of this coin is that it will bring the unique characteristics into the Blockchain space. This will bring Investment Funds, with its long-established role of value with cryptocurrency’s global payments network technology. This will ensure convenience, ease of use as a native digital currency pegged to Multi Level Marketing while at the same time solving challenges facing Cryptocurrencies such as price volatility by pegging it to the value of Other Commodities, which is the oldest and most stable form of money in the world. Also, the attractiveness of Bitcoin as a store of value will increase the acceptability of the DamasCoin coin.

Bitcoin has historically been held up as safe haven assets because of its long, established history of being highly valued and rare, where it is taken up as the safest medium where to store wealth. Previously, the global monetary system used a gold standard where Fiat currencies were pegged to the value of Gold but Future will be Bitcoin.