DIW ICO is ending soon and here are some of the details that you need to know if you want to join the community.
The DIW Platform
DIW or Digital Identification Wallet is offering a decentralized digital vault that will enable users to securely store, access and share personal information within their platform. Personal details such as identifications, credit cards, bank details and passwords will be encrypted within the platform and can be shared by all users without the fear of becoming a victim of identity theft or any other fraud-related issues.
Aside from their secured digital vault, the platform will enable users to utilize the exchange and payment service for crypto and fiat currency, rating system to build trust, escrow service (smart contract-based) and health records. And as an optional added protection for prime members, a DIW Hardware Wallet can be acquired.
The secured payment gateway will work the same as other traditional payment mediums such as PayPal and Visa/MasterCard. The only difference, this payment gateway will use DIW tokens in processing the online purchases. And as the group estimated, they see up to 70% savings on the transaction fee that will be charged to website owners. A free integration plugin will primarily be launched for WordPress and Joomla websites. This will be the start of expanding the crypto community by using digital token for purchasing goods and services online.
The Electronic Health Record featured in this platform can serve as an immediate reference for the members’ health needs. Patient records will be kept fully secured within the system and only the DIW account holder can control who can access these medical details.
In their Global Directory, account holders are enabled to list their services and widen their influence. A rating system is in place to build trust within all parties.
The platform promises all members fast, efficient and cost-effective transaction processes within the platform and the ability to conveniently transact using digital or fiat currencies. Secure peer-to-peer sharing of sensitive is also one of its features.
DIW token will be the utility token to fuel the platform. It will be used for rewards and payment for service fees within the system.
ICO Details
Total Tokens in ICO: 700,000,000 DIW tokens
Hard Cap: 28,000,000 USD
Phase One
- Duration: 3 May – 10 May DIW
- Token Price: 1 ETH = 10,500 DIW tokens
Phase Two
- Duration: 10 May – 17 May DIW
- Token Price: 1 ETH = 9,500 DIW tokens
Phase Three
- Duration: 17 May – 24 May
- DIW Token Price: 1 ETH = 8,500 DIW tokens
Phase Four
- Duration: 24 May – 31 May DIW
- Token Price: 1 ETH = 8,000 DIW tokens
The Verdict
The idea of the project is not new, there other competitors who offer the same platform features. However, it seems that their platform is more secured compared to other platforms with similar project model. Based on how their ecosystem has been built, they implemented a higher level of security to fully protect the users’ personal details.
Another feature that makes this platform different from some of its competitors is the ability to conveniently purchase online using different currencies. And the promising savings it will bring to website owners.
If everything will go well as planned in this project, we can all agree that this is a good alternative for traditional payment mediums we have today. However, for this community to be well-established, leniency and consistency in maintaining a safe and secured ecosystem should be taken seriously.
To know more about DIW ICO visit the links below.
Website: https://diwtoken.com/
ANN: https://bitcointalk.org/index.php?topic=2567416.700
https://bitcointalk.org/index.php?action=profile