Technology-based money has now become a reality and is poised to grow for generations to come. Bitcoin has been the pioneer in this emerging segment, and has demonstrated how it is possible to digitally format a money system – experiencing significant success in the 8 years of its existence. Since its emergence, other cryptocurrencies have sprung up, but few have made real impact on the market.
DasCoin, the Currency of Trust and the store of value within Das ecosystem, is creating DasPay, a revolutionary product in the digital asset space.
Products that offer true utility for cryptocurrencies are currently very uncommon. Today there are currently more than 1,500 of digital currencies. One aspect surrounding the world of cryptocurrency that outsiders find astonishing is how most coins cannot be spent or used meaningfully in everyday life. Experts estimate that in 2016 Bitcoin was approved as a payment method by no more than 150,000 merchants – not exactly a scope that testifies to global acceptance. The cryptocurrency DasCoin is pursuing much more ambitious goals – it aims to be the first cryptocurrency that will be used by the mainstream public.
CEO: Michael Matias
Product: Cryptocurrency that includes smart contracts
Cost: Licences from €100 to €25,000
Key Design Features
“Proof of Value” Distribution Method
The assurance that anyone who is distributed DasCoins directly from the DasCoin Blockchain has presented the system with a defined and recognized form of value (specifically in “Cycles”, a closed-loop, single purpose currency that can only be acquired through the purchase of a system license using either Bitcoin or Euros). There are no parties (neither executives nor developers) who are able to pre-mint, pre-mine or pre-distribute DasCoins to themselves. Cycles can only be received in exchange for value transferred to the system, and Cycles must be submitted to the system in order for there to be a direct distribution of DasCoins through the minting process.
“Proof of License” Consensus Method
DasCoin incorporates a licensing system rather than a mining apparatus. Consensus is reached through an algorithm which randomly defines what licensed node is going to make the next block.
2 to the 33rd power, about 8.5 billion units (distributed over an undefined period – dependent on the internal dynamics of the system – currently projected to last 12 years).
Every user will be authenticated through banking-standard KYC processes performed by a central authority.
DasCoins are minted into circulation through a conversion from Cycles. Once minted, they can be transferred directly or converted into a variety of fiat currencies and Bitcoin. Existing DasCoins will eventually be trading on a variety of exchanges and at that point it will be possible to convert fiat currencies directly into DasCoins.
Supporting the value of the digital asset system is a global network of hardware and software systems, as well as associated products and services that are offered within this system, (including trading exchange functions and payment solutions). This network of systems interconnect many jurisdictions of the world and feature redundancies designed to assure smooth ongoing operations.
A referral-based marketing system to support the development of a global affinity group who recognize DasCoin and are interested in exchanging value through this digital asset system.
WHAT IS DASPAY
Daspay is the payment solution that is the big silver bullet for Dascoin and it is the solution that will allow Dascoin to be accepted in over 60 million merchants through VISA and MasterCard network which is something that no other cryptocurrency has. This will be a system similar to Apple pay and the same team that built the Apple Pay system are doing the same for Dascoin. This technology requires no change to existing POS terminals which means that DasPay is one of the key reasons Dascoin will become mainstream.
WHO ARE NETLEADERS?
Netleaders is the overall company that is responsible for Dascoin and is a registered under the name CL Singapore Pte. Ltd in Singapore.
The leadership behind Dascoin and Netleaders are made up of a group of individuals that bring together years of global experience in fintech, innovation and business management to ensure Dascoin goes to the forefront of digital currencies and remains there. The top board of directors consists of Michael Mathias the CEO, Terry O’Hearn, Soon Hock Lim (former Compaq CEO) and Eberhard Wedekind (former Volvo CEO).
[su_quote]This article is writing on 22 May 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- 918077121282[/su_quote]
The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .