The Digitize ecosystem will become the first global decentralized consumer ecosystem assisting the transition to virtual currencies through the conversion of loose change. Through Digitize, consumers will have a platform to convert and exchange their loose change for Ethereum to invest in a crypto index token. Digitize also offers retailers a rewards platform, where they can award feedback rewards or offer discounts through the use of Digitize tokens. To become an ecosystem participant, a user downloads the Digitize mobile application, which will be available on all popular app stores.
The user then creates an account on the Digitize platform, either as a consumer or a retailer. During the registration, the user will undergo a complete know your customer (KYC) and anti-money laundering (AML) and then the system will create a user profile and a wallet for the user. Each user will be provided with a wallet that preserves all data in the decentralized database and allows interaction with other parties, utilizing smart contracts. We plan to also place the Digitize token on cryptographic token exchanges, giving an opportunity to openly buy them (to residents of countries where the purchase of digital tokens does not violate local laws)