Facebook Offers Pre-Sale Discount For Early ‘Diem’ Investors

Facebook Diem has published it is offering a pre-sale discount on its token for early investors.

First published as Libra in June 2019, the project’s original plans for a global cryptocurrency have been scaled down considerably.

This was due to numerous roadblocks along the way, in addition to the withdrawal of significant partnerships, as well as licking at the hands of various political figures; who raised disputes based on Facebook’s less than cosmic data privacy track record.

This pre-sale means the project is close to starting. But viewing Facebook’s fame, is Diem condemned to fail before it even launches?

Facebook Diem – What Is It About?

It’s rare that the agreement surrounding a project, coming from both authorities and the crypto community, is harmful. But Diem has achieved that undesirable accomplishment ever since its presence became public awareness two years ago.

As claimed by the Diem whitepaper, the project is an exceptionally scalable payment method that will enhance independent financial foundations to empower billions.

“Our goal is for the Libra payment system to merge smoothly with local monetary and macroprudential policies and complement existing currencies by allowing new functionality, drastically reducing costs, and fostering financial inclusion.”

Diem has gone to great extents to isolate itself from Facebook. As a result, the program references Facebook only one time and can be a founder of the Association Council.

This is stated with great emphasis on Facebook having no special rights over any other members of the Association Council. Members include Anchorage, Andreessen Horowitz, Coinbase, Lyft, Shopify, Spotify, and Uber.

The Announcements Keep Coming

Last month, the Diem Association reported a transformation in approach to concentrate on the U.S. This signified building a new organization, Diem Networks U.S., and an alliance deal with Silvergate Capital Corp. Moreover, Silvergate Bank will be the sole issuer of the Diem USD stablecoin token.

Diem was initially launched as a token pegged to a basket of multiple different currencies. But with the shift in focus towards the U.S. comes a revised plan to peg the Diem token solely to the US dollar.

It will run on a Facebook app/wallet called Novi, rebranded from Calibra, enabling money transfer similarly to sending a message. Rumors are that this will make its way to WhatsApp, Facebook Messenger, and Facebook Marketplace.

While the crypto community gives little love to Diem, the thing to know is that Facebook users aren’t consequently crypto enthusiasts to begin with.

As much as Facebook is the platform we love to hate, Diem really could be what brings crypto to the masses.

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