[ANN] DéMars - 🔥 DMC App - Stellar Wallet and ZAR Anchor

Hatter_MU

copper member

Activity: 3

Merit: 0

Quote from: phucdigan on October 25, 2018, 05:31:27 AM

10% of the DMC supply to the dev team is quite high, I expect that money will be locked for at least 6 months.
Why did the team decide not to set up the soft cap?
I think $ 20M is too high expectations, what if it can not be reached?

Your comments have been noted and addressed

See our medium post on the subject here

https://medium.com/démars/dmc-tokenomics-an-ico-is-not-for-us-3fde111a91d9

wiserico

copper member

Activity: 217

Merit: 0

Demars project has been added to blockchain BASE.INFO

Hatter_MU

copper member

Activity: 3

Merit: 0

Hatter_MU

copper member

Activity: 3

Merit: 0

Quote from: Spooknow on October 25, 2018, 10:48:22 AM

As time shows, banking projects, though well collected, but then work very poorly. How will you fix it?
After all, in fact, no one will give you a license for banking from regulators, and without it, the whole project simply cannot be realized.

Thanks for the comments Spooknow.

Just to clarify, we're not starting a bank, nor do we have any intention of every applying for a banking license. We're busy building a Banking NETWORK. Like VISA, Mastercard, Swift (and I guess Ripple, Stellar) etc.

Banks and other companies use the NETWORK to transact.

VISA and Mastercard operate centralised networks. Ripple and Stellar operate decentralised networks.

DéMars differs from all of the above. Because we are building a distributed network and our technology is heavily geared towards the network being able to function on mobile phones, in data constrained environments - i.e. most of the developing world.

scrivenorr

full member

Activity: 219

Merit: 105

CHECK ICO Rating Video! Even ICOBench doesn't have such kind of video!

Hatter_MU

copper member

Activity: 3

Merit: 0

Hatter_MU

copper member

Activity: 3

Merit: 0

Thanks for picking this up.

Here is a link to our project website

https://www.demars.io

doedz

hero member

Activity: 1106

Merit: 502

Do I have to believe in the DéMars - Africa's Ripple Project?
Do I have to give a plus for the DéMars - Africa's Ripple project?

NO, because when I open the main website, I directly face the screen like this:
Something's wrong here ...
Uh oh, I can't find a link for the bitly URL you clicked on.
Most Bitlinks are 4-6 characters, and only include letters and numbers (and are case sensitive).

LOL
https://bitly.com/DMC_DeMars/

Haigha

newbie

Activity: 1

Merit: 0

Quote from: Krezz2017 on October 25, 2018, 11:05:43 AM

I'm worried about the next item. "Limited storage and data transfer requirements allow the network to run on fully autonomous mobile phone nodes." I am confused by the fact that mobile phones are cracked much easier and more often than stationary computers.

There are two major components to this - the crypto wallet and the actual infrastructure (P2P network + blockchain processes). Securing the private keys in the wallet is an issue which plagues all mobile wallets. It is often advised to only keep enough currency for normal transactions and keep the rest in cold storage, etc.
Now coming to the second component, there's nothing much an attacker can do except prevent the node from being an active member of the network. All data is encrypted. Every block is validated by a random set of validators which are determined based on the hash of the previous block. In order to really influence the blockchain at a fundamental level, an attacker would have to attain 2/3 majority in that given set, which is practically impossible. The true utility of a P2P network lies in the fact that an attacker needs to attack or influence majority of the stakeholders. Say the network grows to a million mobile nodes, we come to an interesting question: which would be easier - attacking 0.67 million mobile nodes (which are in a DHT and thereby targeted attacks are more difficult) or the 10000 full nodes in Bitcoin?

Krezz2017

full member

Activity: 560

Merit: 128

I'm worried about the next item. "Limited storage and data transfer requirements allow the network to run on fully autonomous mobile phone nodes." I am confused by the fact that mobile phones are cracked much easier and more often than stationary computers.

Spooknow

sr. member

Activity: 546

Merit: 253

As time shows, banking projects, though well collected, but then work very poorly. How will you fix it?
After all, in fact, no one will give you a license for banking from regulators, and without it, the whole project simply cannot be realized.

phucdigan

full member

Activity: 490

Merit: 103

10% of the DMC supply to the dev team is quite high, I expect that money will be locked for at least 6 months.
Why did the team decide not to set up the soft cap?
I think $ 20M is too high expectations, what if it can not be reached?

mashort

member

Activity: 281

Merit: 10

what first impressed me about DMC is there solid infrastructure. it seems to capture the heart of how to make people use crypto- less data
Looking at Africa mass digital consumption/usage market it's been conquered by those companies that have been able to enable users spend less data- operamini and such. If DMC brings this to crypto, it has a great chance. DMC could be crypto-fiat bridge, all done on mobile phones.

bulala

full member

Activity: 574

Merit: 105

this is a great innovation and if u r able make a good use of crypto and fiat money then we will all be happy and it will solve major problems of transfare.

5thangel

hero member

Activity: 910

Merit: 508

Who do you see as your main competitor in crypto? I saw a few very similar projects in recent months.

Hatter_MU

copper member

Activity: 3

Merit: 0

INTRO

A Stellar mobile wallet, anchor and merchant processing solution for Southern Africa.

THE SOLUTION

Migrants are able to pool their collateral and benefit from collective buying power, so they don't pay high bank charges and remittance fees.

THE BUSINESS

- A simple revenue model of 1% per Fiat ZAR/Crypto Rand exchange.

THE MARKET

- Migrants in South Africa "officially" remit $1.3 Billion a year.
- The average remittance is $55
- At a cost of over 13%

COMPETITIVE ADVANTAGES

- 1 ZAR = 1 Crypto Rand (RAND)
- Users don't need a bank account
- No technical risk, built on Stellar and exchanges through XLM
- Transparent fee model
- First to market
- A unique stable payment token, Nickels (NKLS), which equal $5c

TOKENOMICS

- All RAND Crypto Assets are collateralised by ZAR fiat
- Nickels are backed by a basket of commodities

VISION

- The first phase is the ZAR stablecoin remittance solution
- Second phase is to provide vendors with a processing solution, so remitters can pay school fees and medical direct
- Phase three is to replicate this solution in East Africa.

https://www.demars.io

Topic: [ANN] DéMars - 🔥 DMC App - Stellar Wallet and ZAR Anchor (Read 363 times)