Announcement
Dear Community, it’s time for our monthly update, we hope that you’re all doing well.
ArabianChain is on the right track
We have signed an MoU (Memorandum of understanding) with our first major and influential investor in the region, we will share the details as soon as the final agreement/contract is ready by July 2017. This took a great deal of preparation, traveling, presenting, explaining, negotiating and finally achieving. So Thanks to all of those who made it possible.
We are in the process of finalizing the plans for our own Palmex which is to be one of the first Realtime, multi-currency exchanges in the region. We heard that bitoasis is feeling a “bit” lonely, so we are here to help.
We are advising couple of businesses in KSA and UAE to construct their tokens and contracts on ArabianChain, this is a magical event as they will be shifting from a well-known chain “said to be the 2nd in coinmarketcap” to our chain in the near future and thus supporting our efforts to grow ArabianChain little by little.
DBIX is available now on coinpayments.net , merchants can use the provided APIs to integrate and accept DBIX as payment.
Why do Prices fluctuate?
I get this question quit often and there is no right answer to it.
DBIX is a decentralized* currency and just like any other decentralized currency in the market, it’s subject to fluctuations and the cause for such movement could simply be: supply and demand, someone with vengeance in a basement somewhere shouting the project is dead the project dead every now and then, or it could be climate change which is a very serious thing. “we are helping with a solar mining initiative in the region”
My mom has invested in her first 150 DBIX and she keeps asking me about prices too, I probably should have told her about bitcoins and let her go bother Satoshi.
*Decentralized: no central authority can issue, distribute or dictate a cap on the movement of the currency up or down.
Updates
If you can wait for our monthly update then it’s cool, but if you feel that you need a more frequent fix, then please go and follow us on twitter @arabianchain
Upcoming events
ArabianChain will be a sole speaker at the first blockchain event organized by Riyadh-Geeks on June 14th 2017. Riyadh, Saudi Arabia.
Thank you everyone,
Mohammed Alsehli
CEO @ ArabianChain
