The current state of cryptocurrency prices has left the world in a frenzy. With billions lost on market capitalization in a matter of hours the crypto world is in a place of “FUD”. Announcements from Governments and prominent financial figures cause markets to collapse but also gain unheard traction depending on views. This trepidation in the crypto markets gives investors a difficult time in deciding if they should buy or sell their crypto assets.
Few people would dispute the notion that future commerce will be digital. But at the present time, digital goods cannot be bought in many countries due to restrictions by processing merchants such as PayPal and high commissions imposed by existing digital marketplaces.
The DIGI Token, a new cryptocurrency, marks an attempt to change this using blockchain technology. Founders of the DIGI Token envision a future of easily downloadable digital goods and services.
DIGI is an upcoming blockchain service for digital goods and services who are hoping to disrupt the multi-billion dollar industry. The focus is on building the worlds largest platform for these services and they feel that a steady growth period will dismiss periods of FUD within their platform, as the larger their platform grows the higher the value of their token. This follows the rules of simple supply and demand, which will work across their platform as DIGI has a limited supply of 98M tokens.
Market research pegs the digital market at over $500 billion, which is more than almost four times the current cryptocurrency market. The increasing number of tablets, smartphones and Internet users has resulted in a high demand for digital content. There are presently more than 3.5 billion Internet users worldwide.
By creating a digital marketplace that is readily accessible to buyers of digital content and profitable for sellers, DIGI will make it possible for digital products to be bought and sold quickly and easily.
What Makes DIGI Different
Some existing digital platforms now take up to 60% of content contributors’ earnings and invoke tier systems where the more the contributor earns, the less commission they receive.
DIGI, by contrast, will create an ecosystem that will not deny content creators their rightful earnings.
The DIGI distributed ledger will also address copyright infringement issues which currently undermine the use of digital platforms. DIGI’s main revenue generation will not be based on commissions from content creators, but from promotional revenue streams of the DIGI Token.
DIGI will focus on what market researchers have identified as the 10 fastest growing digital products: e-books, stock photography, courses, subscriptions, services, apps, themes and templates, digital/gift vouchers, audio and video.
By focusing on these markets, DIGI will allow a scalable marketplace. As digital sectors evolve, the DIGI marketplace will become the platform of choice thanks to its moderated and high quality products.
The DIGI Token
Holders of the DIGI Token, an ERC20 token built on the Ethereum blockchain, will use these tokens within trading and exchange platforms. They will also be able to use the tokens to purchase digital goods or services from the DIGI marketplace.
The fixed supply of 98 million DIGI Tokens ensures that early contributors to the platform will receive a great return of tokens on their contribution.
The DIGI fixed token supply holds an estimated 60% open for distribution within the token sale.
DIGI Token holders will use a DIGI wallet to transfer tokens securely.
The DIGI UI design has already begun and will be completed within the next few months. There will be both web and mobile versions of the DIGI wallet. The full front end and back end UI/UX platforms will be completed in the fourth quarter of 2017.
Development of the DIGI wallet, platform and token will all be completed in the first quarter of 2018. The platform will integrate the DIGI coin, while the token will be added to various cryptocurrency exchanges.
The wallet’s main launch will commence in the second quarter of 2018, following feedback from the alpha release. The main marketplace will also launch at that time with a fully functioning DIGI token and a marketplace APP strategy.
By the third quarter of 2018, strategic marketing will promote the token’s use, including additional cryptocurrency exchange partnerships and the launch of the DIGI Marketplace app.
Token Sale has begun
The token sale began in September and will end on October 19, 2017.
DIGI will only accept ETH for the token sale. Users can exchange other cryptocurrencies for ETH on ShapeShift.io or Changelly.com. Token buyers must send ETH funds from their personal Ethereum wallets such as MyEtherWallet, Metamask, Mist or Ledger, rather than cryptocurrency exchanges that offer ETH.
Citizens of the U.S. and China cannot purchase DIGI Tokens due to challenges associated with different regulations in U.S. states and new regulations imposed by China.
DIGI Tokens are not designed for speculative or investment purchases.
About 64% of the tokens will be available during the token sale period. Half the funds raised will support DIGI development. A quarter will go to marketing,10% to operations, 7% to legal and regulation compliance, and 8% will be earmarked for a contingency fund.
Early contributors will receive a 40% bonus, which means 1 ETH will give 840 DIGI tokens. This bonus ends in the next few days.