DIM Monthly Update

July has been a busy month for the DIM team as you all know. From hosting four DIM Ambassadors and Promoters in our Johannesburg back office to listing on some strategic exchanges, we’ve seen some good results from our efforts! This monthly update is a round-up and recap of what most of you who keep up with DIM announcements are already aware of. We also introduce you to our Operation Manager.

Firstly, we want you to know that we appreciate your constant engagement with us on our various social media platforms. There will be an interactive PDF available with all the platforms where you can get in touch with us and interact with other community members. We hear everything you say, and we’re also always working on improving our products. So, you’ll be glad to know that among the other fixes and updates, an extra layer of protection, in the form of recaptcha, has been added to the latest version of DEPOTWALLET.

Also, true to our objective of listing on exchanges that are stable and secure, we announced to you this July that DIMCOIN listed on four diverse exchanges. We are listed on Cryptopia, CryptalDash, Antriex and EXCONCIAL. In a bearish market that is steadily on a recovery, DIMCOIN has strategically positioned itself to take advantage of the market recovery as we head towards the third quarter of the year. Listing on Cryptopia gives DIMCOIN holders access to the Australasian market that is ripe for the market recovery (the DIM Foundation intends to expand in this region). While listing on CryptalDash gives DIMCOIN traders access to different platforms that provide trade liquidity. Of course, the HYBSE still remains the main priority of the Listing Department, but we are careful at the same time not to neglect opportunities to strengthen and add value to DIMCOIN.

Also, as you all already know, the #Go2DIM campaign was a success! Four community members — CryptoMatt, Garrett, Ineff and Clinton — were hosted by the DIM team at their Africa back office for two days in July. There were five original winners who were expected to visit the DIM back office, but unfortunately, two of them were unable to get their visas processed in time, and so Clinton, who had garnered a high number of votes in the competition and was located nearest to the DIM back office in relation to the other entrants, was invited in their place.

From this interaction, we feel that it would be wonderful to meet all the Ambassadors and Promoters one day, but for now we are grateful even for this small, but significant opportunity to engage with some of them in person. You can see the official #Go2DIM video, as well as each of the four’s individual videos here.

The DIM Foundation would like to introduce to you our new Operations Manager, Daniel Liu. Dan brings a wealth of experience to the DIM team, having fulfilled multiple operational roles over the course of his career in hospitality, gaming, and construction and property sales in different nations. He proudly claims his heritage of being a third generation South African Chinese who, having lived through South Africa’s political transition, is particularly drawn to the DIM Ecosystem’s democratic spirit of a blockchain ecosystem that is built for the people and managed by the people.

Dan took up the position of OM at the start of June, and hit the ground running with his plans to restructure company operations to align with the vision and desired future outcomes of the company. The purpose of the restructuring is to create a base template upon which the various new regional DIM Foundations will be modelled. He has the task of reviewing existing models and policies, and creating new ones, as well as ensuring compliance, so that at the operational level the DIM Ecosystem is functioning at its best. Dan is a big believer in the DIM Ecosystem and the impact that it will have on global traditional systems. He believes that despite the challenges and setbacks, the company as a whole, and not just operations, will deliver an unprecedented display of a true blockchain ecosystem that empowers people from all walks of life.

Yannick Zehnder, one of DIM’s faithful promoters as well as a popular crypto enthusiast and blogger had a few questions for Dan. The interview can be found here:

https://medium.com/dimcoin-coverage/interview-with-dan-operations-manager-of-dimcoin-d6517912bed2

Additionally, we asked Daniel to answer some commonly asked questions from the community in the month of July, and aim to do this with every monthly update going forward. The questions and answers can be seen below:

1. Any time-frame for releasing the new WP for DIM-X?
   DL: We do not have a specific time-frame, but it is on the way and in the pipeline. Our focus right now is to refine the latest HYBSE WP first as this is connected to DIM-X.

2. Do the Tokens represent some form of ownership? If yes, can you explain what that form of ownership means?
   DL: Holding DIM TOKENs can be deemed as ownership, although, not to its full capacity. A payout against the TOKEN Holders resembles a monetary ROI but should not be confused as a dividend of a share. Also, TOKEN holders have voting rights within the DIM Ecosystem which is reviewed by the core team.

3. If Wise Consulting will no longer be acting as our crypto to fiat exchange, what will replace Wise Consulting to fill in this much needed aspect?
   DL: We are still the proprietary owners of the software. Wise Consulting was a service level partner. We are currently working on merging with other global parties on future collaborations.

4. Where is the DIM Foundation registered?
   DL: The DIM Foundation is registered in Singapore. See below:
   

5. Why is DIMCOIN not participating in Crypto events around the world, and will DIM start to be more present in these events or not?
   DL: We are not focusing on those events until the HYBSE is up and running. We have discovered from previous experiences that the results depend on the product that we are showcasing. So, yes, we are definitely planning to attend these events once the HYBSE is live.

6. Where do the DIM Foundation donations go and what are they used for?
   DL: The DIM Foundation donations got to the various donation wallets and will be used to improve and maintain the infrastructure within the DIM Ecosystem.

7. Why are documents and plans changing since the original WP?
   DL: Creating a true ecosystem is not done within a year, because this is not an ecosystem that comes and goes like others. No ecosystem has been built in a year. DIM is a long-term investment and not a quick money scam. A stable foundation in an ecosystem is the most important part for sustaining stable growth for all members joining the ecosystem. So yes, there are things that have deviated from the original roadmap, but this is due to the potential of the ecosystem. All amendments are carefully analysed and executed. We prefer to bring quality that is sustainable for a long future instead of rushing ahead and falling hard.

For more information, kindly email us at info@dim.foundation