With the introduction of the ICOs, anyone is able to invest into the up and coming potential Fortune 500 companies. Until then, you would've needed some financial standing and a lengthy verification process before you could invest in the traditional IPOs, but not anymore thanks to the decentralized blockchain technology.
Here's an up and coming company who is going to provide a solution to one other problem that is relatable. As of now, the markets of equity trading, forex, etc. was limited to the professionals and institutional investors, but this player is going to open the doors for those ordinary investors who were on the sidelines so far.
Meet DIMCOIN, the player providing a financial package for most of your financial exchange needs.
What is DIM?
The Data Interchange Module is a digital medium of exchange built upon the NEM network by a nonprofit organization called DIMCOIN Foundation, who will be responsible for the management of the DIM ecosystem.
Unlike the traditional trading exchanges, DIM is a financial ecosystem which will provide a platform for anyone that wants to get into the financial markets regardless of their financial standing. It is peer to peer, secure and private which gives its users a peace of mind and an ease of functionality. With hassle-free registration, users will be able to utilize the platform's multiple features like:
- Stock exchange trading.
- Cryptonisation of equity.
- Digital equity trading and management.
- Commodity trading and management.
- Crypto currencies exchanges.
- Crypto-fiat currencies exchanges.
- E-commerce.
- Inter-business transactions.
- Debit card purchases.
- Built-in blockchain wallets.
To put it all together, their ecosystem comprises of the DIM, DEPOTWALLET, WISEConsulting, and HYBSE (Hybrid Stock Exchange).
But let's talk about the DIM coin, DIM currency and the DIM token first so we can get a clear picture.
The DIM Crypto Currencies.
DIMCOIN: According to DIM, the DIMCOIN will be hitting the exchanges like Poloniex, Bitfinex, Bithumb, etc. and will be used as a speculative coin. There will be 9 billion coins in existent with the starting price of $0.01. The coin will be immune to 99.9% of fraudulent activities and will keep fast confirmations speeds. If their project picks up, I can see their coin to grow exponentially.
DIM Currencies: The DIM currencies will be the fuel of the DIM ecosystem. It will also be used for e-commerce and merchant purchasing on platforms that will accept the DIM currency. The value of the DIM currency will stay the same as the fiat currency that you purchased it with to protect merchants and consumers from fluctuations. For example, if you purchase DIM currency with USD, then the value of your cryptocurrency will stay attached to the USD. $50 worth of DIM currency will stay the same as $50. And there won't be any conversion fees attached to it. As of now, only the DIM USD and DIM EUR are available. They have plans to add the Indian Rupee, Japanese Yen, and Chinese Yuan in 2018 and in 2019, they are planning to add the British Pound and Russian Rubble. Users will be able to trade their DIM currencies through DEPOTWALLET based on the fiat market prices.
DIM Token: DIM tokens will be available to buy throughout their ICO that is currently going on. According to DIM, if you own 50 plus tokens, then you will be eligible to receive their generous 30% commission of the net fee transfers on the DIM Currencies, DIMCOIN, and the cryptonised assets. The commission will be distributed according to the percentage amount of tokens each token holder holds. The token holders will have to hold at least 50 tokens for them to keep on receiving their commission. Keep in mind every token is worth 100 DIMCOINS, so every token is worth $1.
The token holders will also get the advantage of voting on the DIM Ecosystem. DIM will use the same voting structure as on the HYBSE where the shareholders have a yearly meeting to vote for or against proposed changes to their ecosystem. The token holders will be able to send their suggestions concerning the DIM ecosystem to the DIM Foundation for mere 10 DIMCOINS.
And not just that, the token holders will also be able to apply to become DIM Ambassadors kinda like 'Witnesses' here on Steemit. They will be recognized as official local backers and experts of the DIM ecosystem. One DIM Ambassador term will be 2 years.
HYBSE (Hybrid Stock Exchange).
HYBSE is an online stock exchange that provides small and medium enterprises a platform to seek international investments. Recently, to avoid the over-regulation, red-tape, long waiting time and excessive fees, HYBSE is moving towards the blockchain technology where they will start trading through crypto currencies. Trading on the platform will be done peer to peer, which will eliminate any third party complications. HYBSE will recognize and permit the exchange of DIM currencies on their exchange, which will also give DIM more credibility. HYBSE will also cryptonise the users' assets before they are listed on the platform.
What is WISEConsulting?
WISEConsulting will be in charge of exchanging the DIMCOIN and DIM currency for different crypto currencies. They will soon be implementing an option to exchange fiat currency to DIMCoins, but they will have no obligation to reconvert DIMCoins to fiat.
They will also conduct public relations for the DIM crypto currency. Finance meta-data companies will be providing the exchange rates for fiat currencies against the DIM currencies. Users in different countries will be able to get prices of different DIM currencies on their DEPOTWALLET. WISEConsulting will administer the exchange after users have filed an exchange request on their DEPOTWALLET.
What is DEPOTWALLET?
DEPOTWALLET is a blockchain based wallet with online banking grade encryption that will allow users to buy, sell, manage, and hold cryptonised assets and DIM crypto currencies. There won't be a need for a bank account to utilize the wallet, and to eliminate the need for financial recording, users can view their transactions history through their wallet. Users will also be able to loan finances amongst each other, which I think is a great feature. There will be debit cards issued for the wallet which will greatly help with online and walk-in participating merchant shopping.
The wallet can also be used by big businesses through multi-signature accounts. They will be able to do their day-to-day tasks like paying invoices through the wallet.
The users will be in charge of their own wallet security like any other decentralize application, where they will have to keep their private information safe possibly in cold storage.
DIM Token Sale.
DIM's initial coin offering is currently going on which started on the 1st of July and will go on until August 27th (23:59 CET). As early investors, we will be able to grab some bonus tokens that they are providing on the time limit. We might have missed most of the bonus period, but we can still catch the 15% bonus from 29th of July until the 12th of August. And then 10% bonus from 13th to 19th August and 5% from the 20th to 27th August.
With a cap of 10 million tokens, every token will cost $1. If all of the total supply of 10 million gets sold and there's still demand, then DIM will issue the DIMCOIN which will have a starting price of 0.01. And as the coins deplete, the price will keep on going up until 30 million coins are sold and then the price will stay constant at .012. Do keep in mind that the DIMCOIN will not provide the same commission advantage as the token.
All and all, we can say that this is world's first that offers all these services together in one ecosystem. What makes it a beauty is that it's decentralized, so anyone can participate and it will have the lowest fees out there thanks to no bullshizz from any third party. If you guys think that it's a great concept, do check them out and conduct your own in-depth research before anything.
For more information, check out their official website, https://www.dimcoin.io/
For in-depth details, check out their whitepaper HERE.
WALLET
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Always do your own research and use your own due-diligence before making any investments in any startups.