Home Ico Review Digmus ICO Review : Propose a Way To Store And Verify Product

Digmus ICO Review : Propose a Way To Store And Verify Product

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About Digmus 

Digmus is a decentralized anti-counterfeit platform. propose a way to store and verify product authenticity information that is: easy to use for the buyer, low cost, easy to implement for the manufacturer, and effective in thwarting counterfeit trade. During the upcoming pre-ICO all the early investors will have an opportunity to buy the DGM tokens with a discount up to 48%.

Basic Information

Token Name Digmus
Token Symbol DGM
Social Media Digmus ICO Review : propose a way to store and verify productDigmus ICO Review : propose a way to store and verify product
Platform Ethereum
Token for sale 7,000,000 DGM
Token supply 10,000,000 DGM
Country Russia
Whitepaper Click Here For View Whitepaper
Website Click Here For Visit ICO Homepage

Solution

Digmus solution can be implemented in any industry and in any country. With rare exception, approval from federal agencies is not required, but might be beneficial for expediting systems integration. After passing a certain market threshold, using our system, or one of the same type, will become critically important for market participants, as at that point the lack of authenticity verification on anything except the cheapest products will be considered suspicious.

Transactions

All Digmus transactions, such as creating a new company, adding a new product, updating
product movement history, etc., will require payment using an inside currency system –
‘Genuineness’ or GEN. Most of the coins from the transactions are “burned”, with a small number being transferred to the miner as a reward. The exact share to be transferred is determined by blockchain usage, with additional reward from the author of the transaction. They are currently aiming for an 80/20 rate between currency burned and rewarded.

Features

Manufacturer

Pharm Tycoon AG (PT) is producing a drug, Expenzium, selling 10,000 units a month for $1,000 per unit. They decide to use system to lower Expenzium forgeries in the market. PT can convince their wholesale buyers to sign new contracts, making them report the final retailer the drug was sent to, up to the pharmacy chain or name of the hospital. The PT forgery protection budget is rather large, up to $10 per unit. PT signs a contract with Digmus, receiving an electronic signature certificate as a manufacturer.

Designed

Digmus is being designed with the following requirements in mind: cheap blockchain
transactions (around US$0.05 per life cycle of an item), low miner reward, and low mining
capacity (this means choosing PoS or DPoS). At this time, low confirmation delay is not a priority. In the first few years, quick feature development will be more important than a self-managing community. Accordingly, the protocol will be managed centrally until it is no longer warranted by circumstances.

Lifetime

It is, however, very important to keep the average lifetime cost for a product unit on Digmus negligibly small for the manufacturer. At this point consider $0.05 per product unit lifetime to be a reasonable expense, and very low compared to potential losses due to counterfeit trade, but this amount may need to be adjusted later. For simplicity’s sake, let’s say that an average product unit lifetime cost in Digmus will be 1 GEN. This means Digmus should regulate coin emission to keep the value of 1 GEN at $0.05 or less.

Distributors

After distributors receive their shipments, they update PT regarding movement along the
distributors’ chains. PT adds these movement stages (country, region, individual seller) to
Digmus, spending around 4000 GEN to do so. An Expenzium buyer scans the QR code on the outside of the package to compare the official data with the circumstances of their purchase. Optionally, the buyer registers their purchase using the QR code on the inside of the package, or, also optionally, informs the manufacturer of possible forgeries.

Token

GEN coins will be acquirable either on the exchange from token owners, or through a direct
order from Digmus at a cost of $0.05 per GEN. Ordered tokens will be issued once every 2
months. At that time, token owners will receive 30% of the issued coins in proportion to the number of tokens they own, with the right to sell them at any cost they choose. This means the total amount of coins issued will be equal to 1.3X, where X is the number of coins manufacturers placed an order for.

Team

Member
Victor Petrenko CTO
Shota Rigvava CMO
Mikhail Nazaruk CEO

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 11 June 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- +13098896258

Disclaimer:

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