"Black Diamond" in cryptocurrency is not a single project — it's a name used by multiple, unrelated tokens and platforms. This guide cuts through the confusion, explaining the different Black Diamond projects, their tokenomics, market data, and the significant risks involved. No financial advice — just the facts to help you understand this corner of the crypto space.
Black Diamond is not a single cryptocurrency. It is a name used by multiple distinct projects across different blockchains, each with its own goals, tokenomics, and risk profiles. The most prominent include:
Additionally, the name "Black Diamond" has been associated with a high-profile SEC lawsuit against crypto entrepreneur Richard Heart, who was accused of using misappropriated investor funds to purchase a 555-carat black diamond[reference:6]. This is a separate legal case involving a physical diamond, not a cryptocurrency token.
The most well-known Black Diamond project is the DIAMONDS token on the Binance Smart Chain (BSC). It was created by a team of Veteran and Active Duty U.S. Servicemembers.
The token operates on a reflection tokenomics model:
The project claims several safety measures:
The contract is based on the Safemoon blueprint, with anti-whale functions that cut the max transaction amount in half.
The Black Diamond Token (BLKD) is an ERC-20 token on the Ethereum blockchain, launched on August 5, 2022[reference:17][reference:18]. It takes a very different approach from the DIAMONDS token.
BLKD aims to revolutionize the cannabis industry by leveraging web3 technology[reference:19]. The platform seeks to provide a blockchain solution for tracing cannabis throughout the product lifecycle, from cultivation to consumption[reference:20][reference:21].
Using NFT smart contracts, the platform documents data points throughout the cannabis plant's lifecycle, providing insights for quality control and research[reference:22]. The project aims to close the gap between cultivators and consumers, creating a secure, stable, and legitimate production ecosystem[reference:23].
BLKD is available on centralized and decentralized exchanges[reference:31]. However, with zero trading volume, the token is effectively illiquid.
Beyond the two main tokens, "Black Diamond" appears in other contexts:
This is a Chinese user-generated content (UGC) blockchain rating vertical community. It claims to be China's first blockchain rating community, aiming to create a decentralized, fair, and transparent rating system for digital assets. The project has a maximum supply of 10,000,000,000 tokens.
A token named "Diamonds" or "Black Diamond" exists on the XRP Ledger, with a price of approximately 0.197765 XRP per token[reference:35].
The name "Black Diamond" has also been used in cryptocurrency mining scams. In one case, a criminal group in Vietnam defrauded over 200 victims using mining contracts with names including "Black Diamond"[reference:36].
All data is approximate and subject to change. Always verify current prices, fees, and market data using live platforms like CoinMarketCap, CoinGecko, or CoinPaprika.
BEP-20
ERC-20
BEP-20
BEP-20
📌 How to verify current data: Use live aggregators like CoinMarketCap, CoinGecko, or CoinPaprika. Always double-check the contract address and blockchain to ensure you are looking at the correct asset.
Given the multiple projects sharing the "Black Diamond" name, a rigorous evaluation framework is essential:
Always get the contract address from the project's official website or documentation. For DIAMONDS, the BSC contract is 0x37c4bcf0b8fC6f074be933Af7fb9D1DDe55f979C[reference:54]. For BLKD, the Ethereum contract is 0x229418e78EDf6e9b6FF9a74F9Ba611824671B3b1[reference:55].
Review the project's whitepaper. The DIAMONDS project has a whitepaper at whitepaper.blackdiamond.gold[reference:56]. BLKD's whitepaper is available via Coinpaprika[reference:57].
Check the liquidity pool size and 24-hour trading volume. Both DIAMONDS and BLKD have extremely low liquidity and zero or near-zero volume[reference:58][reference:59]. This makes it difficult to buy or sell without significant slippage.
DIAMONDS claims to have liquidity locked for 79 years, ownership renounced, and a doxxed team. Verify these claims on-chain using BSCScan. BLKD does not make similar safety claims.
DIAMONDS claims to be created by Veteran and Active Duty U.S. Servicemembers. BLKD's team is described as a "conglomerate of cannabis industry professionals"[reference:62]. Look for verifiable identities and track records.
DIAMONDS is primarily a reflection token with a charitable mission. BLKD aims to solve real problems in the cannabis supply chain[reference:65]. Assess whether the use case is realistic and whether the project has any traction.
| Project | Blockchain | Token Symbol | Max Supply | Primary Use Case | Liquidity | Risk Level |
|---|---|---|---|---|---|---|
| Black Diamond (DIAMONDS) | BSC (BEP-20) | DIAMONDS | 1,000,000,000,000 | Reflection token + veteran charity | Very low | Extreme |
| Black Diamond Token (BLKD) | Ethereum (ERC-20) | BLKD | 1,000,000,000,000[reference:69] | Cannabis supply chain tracing[reference:70] | Near zero | Extreme |
| Black Diamond Rating | Unknown | HZT | 10,000,000,000 | Blockchain rating platform | Unknown | Extreme |
| Black Diamond (XRP) | XRP Ledger | Diamonds | Unknown | Token on XRP[reference:73] | Unknown | Extreme |
| Black Diamond (BSC — alt) | BSC (BEP-20) | BlackDiamond | Unknown | Unknown | $0.02[reference:74] | Extreme |
📌 Note: All Black Diamond projects are micro-cap tokens with extremely low liquidity and high risk. Most have market caps under $1,000 and negligible trading volume.
Before engaging with any Black Diamond project, use this checklist:
Scenario: You come across a social media post about "Black Diamond" crypto and decide to investigate.
Outcome: By following a structured research process, you avoided a potentially illiquid or manipulated trade.
Black Diamond projects face severe risks and limitations:
⚠️ Black Diamond cryptocurrency projects carry extreme risk. You can lose all of the funds you invest. These are micro-cap tokens with extremely low liquidity, zero or near-zero trading volume, and minimal adoption. Many have no active market, making it impossible to buy or sell without significant losses.
This guide does not provide personalized financial, legal, or tax advice. Nothing in this article constitutes a recommendation to buy, sell, or hold any Black Diamond token or any other cryptocurrency. Always conduct your own research, verify current market data, and consult with qualified professionals before making any investment decision.
Past performance is not indicative of future results. The data presented here is for informational purposes only and may not reflect current market conditions.
Black Diamond is not a single cryptocurrency but a name used by multiple distinct projects. The most prominent are: (1) a BEP-20 token on BSC with reflection tokenomics (DIAMONDS), (2) an ERC-20 token focused on the cannabis industry (BLKD), and (3) a Chinese blockchain rating platform (Black Diamond Rating). Each has different goals and risk profiles.
Reflection tokenomics is a mechanism where a percentage of every transaction is redistributed to all existing token holders. For the Black Diamond (DIAMONDS) token on BSC, 10% of each transaction is reflected to holders, and 2% is added to the liquidity pool. This model aims to reward long-term holders and create a price floor.
BLKD is the Black Diamond Token, an ERC-20 token on Ethereum launched in August 2022[reference:93]. It is a blockchain platform aiming to revolutionize the cannabis industry by providing supply chain tracing from cultivation to consumption using web3 technology and NFT smart contracts[reference:94][reference:95].
Prices vary by project. The DIAMONDS token (BSC) trades at extremely low fractions of a cent with minimal liquidity. The BLKD token (Ethereum) has an all-time high of approximately $0.00000063 and currently trades near that level[reference:96][reference:97]. However, trading volumes are negligible, and liquidity is extremely thin. Always verify current prices on live data platforms.
This guide does not provide investment advice. Black Diamond projects are micro-cap tokens with extremely low liquidity, minimal trading volume, and high risk. Most have market caps under $1,000 and liquidity pools under $20[reference:98][reference:99]. These are highly speculative assets that can lose all value. Always conduct your own research and consult a financial professional.
Key risks include: extremely low liquidity (making it difficult to buy or sell without significant slippage), minimal trading volume, potential for price manipulation, lack of regulatory oversight, smart contract vulnerabilities, and the project's small, unproven teams. Some associated projects have also been linked to scams or regulatory actions[reference:100].
The DIAMONDS token can be traded on PancakeSwap (BSC) using the contract address 0x37c4bcf0b8fC6f074be933Af7fb9D1DDe55f979C[reference:101]. The BLKD token can be traded on decentralized exchanges on Ethereum using contract address 0x229418e78EDf6e9b6FF9a74F9Ba611824671B3b1[reference:102]. Always verify contract addresses from official sources to avoid scams.
The SEC sued crypto entrepreneur Richard Heart in 2023, alleging he used misappropriated investor funds to purchase a 555-carat black diamond called 'The Enigma' for $4.3 million[reference:103]. This is a separate legal case involving a physical black diamond and is not directly related to the Black Diamond cryptocurrency tokens, though it has brought the name into the crypto spotlight.