Topic: [ANN][DIGI] 2015 - 2017 (and currently) laboratory phase - page 16. (Read 16952 times)

Again scrypt , why not fresh or nist5 and damn to much premine 138 mil wtf

We've opened a Pool:

https://digi.maxminers.net

Please add to OP !

haha, fan on suse ?

I am using suse from 15 years

Yasc, yet another scam coin

~65% premine.

LOL. Rip.

i was reading until 7. Pre-mined amount (as number) : 138 million
and stop


BTC slowly grow, and the scamers are back !!!

Extremly slow filehost.

OK, so you have a capital trading market which you've already established, or at least set up structurally even if no meaningful trade is happening there yet. I have to look into that yet to see how legitimate it is.

However your assignment of value is too much of a risk to any sane investor.

You've premined 65.7% of your coin's supply...

You're assigning a rate of 761.1 BTC per DIGI, assuming a price peg of 0.00131389 BTC per DIGI...

This attempts to assign a marketcap to DIGI of about $42 million USD. (This would put unproven DIGI at the 4th place for most valuable cryptocurrency, very closely behind LTC.)

It looks like you're trying to create a captive market at capitaldigi.com, in the assumption that the crypto-to-crypto trading against the DIGI there, plus the three total tradable capital assets I see in your ticker (dSTAMPLAY, dINAVENUE, dVEEQO). According to that ticker, your best bid/offer for DIGI in BTC is 1349 satoshi by 1355 satoshi, or about 1/100th of your proposed peg value.

So this is how it works, according to the "How To Begin" graphic on coindigi.org.

1. I register.

2. I deposit BTC. Let's say I deposit 10 BTC to you.

3. I exchange BTC to DIGI at your posted rate, giving me 7611 of your premined DIGI to play with.

4. Now I can buy virtualized shares on your exchange. Let's say I do some profitable trading, and I end up with 10000 DIGI.

5. This 5th step is "Have a profit". I want to take out my profits and original investment, so I sell my 10000 DIGI on your exchange for BTC and end up with 0.1349 BTC. On my original investment of 10BTC.

YOU certainly have a profit! I personally lost 99% of my investment the moment I bought your premine so I could trade on your marketplace.

No matter how fantastic your "crowdtrading" back end is, there is currently nothing to justify centimating (not just decimating) my BTC holdings just to trade there. If I 100x my DIGI investments on your exchange, I break even.

If this isn't how it works, then please enlighten us.

Update June 21, 2017:

We have been after about 15 months of development the new features for DIGI. We developed a multi-algo, example pool, a MPPT emulator and a new version of future (maybe if we decide to rollout it) ecoDIGI - the first ever coin which can be mined only of the eco-energy (water, wind, solar).
Everything is presented on Github - https://github.com/capitalDIGI

In next days we will BURN all pre-mined coins - as you can see we keep what we promised in January 2015 - the pool of 138,000,000 premined coins was dedicated for digital VC features. The market didn't understand it in 2015 and the market didn't accepted it, so the coins were unused. Currently in time of tokens and ICO on Ethereum - there is no sense to keep still the pre-mined coins:
http://5.196.28.91/DIGI/address/DPDus6mV9G5xgSwZ32mhyXJQR1Y7So4abT
http://5.196.28.91/DIGI/address/DE5pvr4m6NQ6VTvQSfW8qvgSiwmaFYPa5v
http://5.196.28.91/DIGI/address/DMvfdAfaJifY7vjmKdSsnehRmSg9MTEzNH
http://5.196.28.91/DIGI/address/DJtYefPZCd867DAjhcwPb1axgxNt2bkWKm
http://5.196.28.91/DIGI/address/DLbNxZ2cLGi9eKnjKQCNRWbFiJyrit9VB5
http://5.196.28.91/DIGI/address/DUUZUUKP3QmAN4tYfHbsmmq1Q2Mnfyz2Rn

Overview:

DIGI is not a geek coin, this is a laboratory scrypt coin based on Litecoin ready to make some interesting laboratory development.

If you are interested to take part into MOVING DIGI FROM "LABORATORY PHASE" TO THE REAL BETA PHASE - please contact us.

DIGI - a script coin based on Litecoin 0.10.4 (DIGI source on GitHub) which was initially for crowdtrading* (today named ICO) and discounts in the DIGI business framework. It was much premined, but it came from a purpose of overall DIGI 'treasury house' amount designed to fill in the market of crowdtrading on capitaDIGI.com. The premined amount of DIGI was deposited under the cold-hot wallets structure of capitalDIGI.com. As said before -
In next days we will BURN all pre-mined coins - as you can see we keep what we promised in January 2015 - the pool of 138,000,000 premined coins was dedicated for digital VC features. The market didn't understand it in 2015 and the market didn't accepted it, so the coins were unused. Currently in time of tokens and ICO on Ethereum - there is no sense to keep still the pre-mined DIGI coins.

"TRAILER" phase - it was about 30 days since 24th January 2015 to estimate real business approach.

"COMING SOON" phase - it was about 3 months since 20th February 2015 to start proof-of-concept real concrete business approach, you could mine DIGI and use it as a normal script altcoin (like Litecoin, DOGE, Feathercoin) and obviously in capitalDIGI.com for crowdtrading.

* - 'crowdtrading', 'crowdtraded', 'crowdtrade' - a new business class of names to link together {investment into crowdfunded startups on the fiat market} and {the altcoin industry} by the exchange. The author of this ever new term was Mario Spercz (MarioSPGroup here).As said before -
In next days we will BURNT all pre-mined coins - as you can see we keep what we promised in January 2015 - the pool of 138,000,000 premined coins was dedicated for digital VC features. The market didn't understand it in 2015 and the market didn't accepted it, so the coins were unused. Currently in time of tokens and ICO on Ethereum - there is no sense to keep still the pre-mined DIGI coins.

As you can premined coins have been never used to be crowdtraded.

PART 0 - conclusions after TRAILER phase

1. DIGI was not often used in TRAILER phase as a profitable mining scrypt coin, profitability was many times better than relevant mining of LTC (as a daily production converted to BTC), but number of active miners has not been growing up significantly during the TRAILER phase. Also we have faced that very profitable mining of this coin isn't a driver to improve a number of DIGI users.
2. Crowdtrading was to be reconfigured during COMING SOON phase as mentioned in below description of "PART 1 - COMING SOON - scope of work"
3. There  were many new business approaches which have to be explored during COMING SOON phase.

PART 1 - conclusions after COMING SOON phase

0. It was still supporting the mining activity on DIGI .

1. It was not achieved a new UK licensed crowdfunding platform integrated with capitalDIGI.com, where DIGI was planned to be the most important element to execute the whole process.

As a summary of that phase we were not able to get the UK licence to adjust more business adoption of DIGI than only mining.

PART 2 - laboratory phase

We have been after about 15 months of development the new features for DIGI. We developed a multi-algo, example pool, a MPPT emulator and a new version of future (maybe if we decide to rollout it) ecoDIGI - the first ever coin which can be mined only of the eco-energy (water, wind, solar).
Everything is presented on Github - https://github.com/capitalDIGI

  
PART A - technical data

1. Name of Coin : DIGI (not Digicoin)

2. Abbreviation of Coin : DIGI (not DGC)

3. Max number of coins: 72 Million (after burning the pre-mined 138 Million, as mentioned above)

4. Timings of block (in seconds) : 60

5. Coins per block : 15

6. Version of Litecoin to base it on : Litecoin 0.10.4

7. Was pre-mined amount (as number) : 138 million and will be burnt in next days

PART B - source links for current (not multi-algo and not ecoDIGI) version

- GitHub sources - https://github.com/capitalDIGI/DIGI-v-0-10-4

- main website http://www.capitalDIGI.info

- Windows QT download - https://github.com/capitalDIGI/DIGI-v-0-10-4/tree/master-0.10/release/windows

- Linux QT download - https://github.com/capitalDIGI/DIGI-v-0-10-4/tree/master-0.10/release/linux

- iOS QT download - https://github.com/capitalDIGI/DIGI-v-0-10-4/tree/master-0.10/release/osx

- block explorer of DIGI - http://5.196.28.91/

[OLD - NON ACTUAL CURRENTLY] QUESTIONS ABOUT DIGI:

Q: What is the reason for the DIGI step in between? Wouldn't it be easier (and more concentrated) to just buy/sell the stocks for Bitcoin and leave the altcoin business to others? A: We would like to promote our coin by which we can develop a trusted value of them in a rational way within years. If bitcoin grow up then DIGI will fall in DIGI/BTC by official rate by cancelling of virtualized-shares, if bitcoin falls then DIGI will grow-up by official rate by cancelling of virtualized-shares. For our new business we would like to come from 'white page' as potential 'virgin' coin ready to mine them by everybody who knows that DIGI ever will have value linked to traditional capital market.

Q: Will DIGI a main coin for crowdtrading on capitalDIGI.com? A: The need of DIGI has got very simple reason (and there is full explanation). Please look at this imagined example - there is a perspective startup with finished crowdfunding ($300.000) where several investors ($45.600) want to convert their shares into crowdtraded units on capitalDIGI.com. They transfer their shares to capitalDIGI.com and they get DIGI coins from the 'DIGI treasury house' for such amount which is equivalent to the current rate of DIGI/BTC and average price on the outside market of USD/BTC. capitalDIGI.com lists their startups by the debut price comply to this $45.600. Everybody on the world having DIGI can buy now this crowdtraded startups (what initial owner can too by deposited DIGI). And the crowdtrading can develop later. Naturally the startup can be removed from the capitalDIGI.com by repayment from capitalDIGI to owners paid in 'public currency' BTC - look into information on capitalDIGI.com please. Following the above process you can see that technically could it be possible by BTC (as at the beginning in capitalDIGI.com), but the main problems are: - to have amount of thousands BTC in the 'treasury house' ready for crowdtrading process, - to define fixed 'cap' of capitalDIGI.com as the market ('treasury house') to enable all participating traders to have profit from deflation (growing amount of crowdtraded companies vide defined and fixed amount of 'treasury house'). Regarding buying BTC to give them recent co-owners of startups for their shares. We are not a VC which would like to invest own money into startups. We are only a platform which offers digital currency as a legal and technical instrument to be listed on the exchange and what isn't possible for any new startup on DAX, AIM, Nasdaq, etc.. Moreover it isn't possible by BTC too (because BTC must be purchased due to astronomic difficulty of mining). We hope you find this explanation as rational solution to open and develop serious DIGI value. We appreciate every suggestion and we are ready for discussion which we open.

Q: People will think that we want to buy company shares for nothing because we have all the premined DIGI? A: The dilemma of startup's shareholders isn't a problem for altcoin community. If DIGI contracts with shareholders that they (not altcoin community) change their shares into DIGI, then the whole altcoin community which mines DIGI should be happy due to the fact they can immediately buy these shares for the mined DIGI. There will be naturally our business advantage on the market if we can contract agreements for such transformations - from shares to crowdtraded units and DIGI.

Q: At what point does the startup get the money and how do you set the price at which you sell the stocks? I'm not sure anybody will be willing to buy DIGIs for BTC if you have millions of them premined, even if that allows to buy stocks. A: DIGI - this coin is a token of crowdtrading (a second step) what isn't crowdfunding (a first step made outside of capitalDIGI). capitalDIGI is only a platform to list the startups and to trade their crowdtraded shares. So it is a platform to trade, not fundraising startups. About the price - please go to our website link of any example stock currency which we present in capitalDIGI.com (for example dSTAMPLAY). You will be on seedrs.com website where the price is calculated in GBP. We are converting it by debut into BTC/DIGI using current BTC/GBP and DIGI/BTC. We understand that people don't like to buy DIGI to save it in private house wallets for long time. But no everybody can mine altcoins (remember please that this service links people from cryptocurrencies industry and typical traditional capital market investors). But if anyone doesn't have DIGI (because he can't mine it) then he can buy DIGI and in a moment to buy a stock currency. This is what uses UK legal framework to enable people from traditional capital market to trade shares in startups online without FCA regulations and brokerage house license. This is a solution to link two worlds together - crypto- and fiat- capital investments, so it is compromise between habits of both worlds. We understand that no everybody will like it (especially a strong fan of only one of these two worlds), as it is typically by compromises. But if people from traditional capital investment go to this compromise then we will have something new in business economy and a lot of new money in cryptocurrency business from traditional capital markets.

DO STARTUPS GET ANY FIAT MONEY AT ALL FROM YOU? From DIGI Fund (not from capitalDIGI.com) at the crowdfunding stage. Imagine situation that a startup comes to us and request a) investment b) trading online. So we request them to prepare crowdfunding proposal - in the largest systems like on seedrs.com, crowdcube.com or in our beginning crowdondigi.com. After starting their crowdfunding campaign if there people invest their money into the startup then we (DIGI Fund) will do it same. So investment is during the stage no.1. If this startup contracts with us earlier that they interest for stage no.2 then we will have agreement how many shares and whose shares will be crowdtraded.

WHAT IS THE INCENTIVE FOR A COMPANY TO GET LISTED ON CAPITALDIGI? If any company wants to be listed publicly soon and isn't able to meet requirements of DAX, AIM and Nasdaq then our platform is ready for them. Public listed company is more valueable than a full-private company. So the desire comes from startups and I know many startups around the world who are ready to be a part of British innovative companies movement and be listed there for British investors.

OTHER NEW ALTCOINS? capitaDIGI.com will issue more new altcoins than DIGI, because of there are two types of methods (products) to be crowdtraded on capitalDIGI.com:

-   Standard (no-additional cost) via token listed on capitalDIGI.com - a script currency
-   Premium (a special cost of development and maintenance) for all altcoin fans and there investors who want to have it as a new altcoin.