Topic: [preANN] Introducing decentralized dollars. (Read 833 times)

$1 for the value of amount to be transacted : $100.01 to unlimited 

If this is going to have financial inclusion feature, then it needs to have a clear description of how this can be achieved in a practical, easy and friendly use way that any person that is not financially included (financial inclusion), or any person that has no financial literacy, or any person that has no financial education need to be part of this project!

Here is where the wisdom of the crowd and creativity can play an interesting role!

Ico any bounty.

Tether lacks to get established. So far it is just reaching few exchanges and I do not know why merchants are not preferring it to use as a payment system.

Sticking with tether might enable anyone to move fiat vale exchange to exchange no other exact benefits.

I like to have a system which should be used in every where. I mean to say we want a system to be used in real life system rather than holding them as an investments. Simply : I want a currency system not a investment option. Hope you may bring such a system.

Tether ensures fixed and negligible tx fees ? Please take time to read OP.

Still planning on this. The first and rough estimation is giving you 400% returns like you may need to buy a token for 25 cents and you will get 1 unit (which worth $1).
(If tokens value more than 1$ at the time of first distributions then actual value of token will be considered for distributions of units.)

No. It is a not big thing. Any one can do. We welcome you to set up this for this currency and for any currency.

What are the rewards for early adopters?

So why would anyone even look at this...

No thanks I'll stick with Tether (USDT)...

Are there plans to issue debit cards?

Reserving -1

We are excited to give you brief notes on what we are working on last few months.
Have you ever imagined a system which is very similar to PayPal/Okaypay/skrill or any other payment system yet in decentralized way ? We had a such a system in the name of Liberty Reserve but that was not crypto based but your freedom was assured there.

We are coding a complete new system which will allow you to own your money like how bitcoin allows you still we preferred to have values for it to be fixed so that you may start using it as currency right away same way merchants will love accepting payments from you.

Yes, we are not new this way but look at the following proposed plans, you may find why we are here :
1. Fixed tx fees :
  a. $0.01 for the value of amount to be transacted : $0.01 to $10
  b. $0.1 for the value of amount to be transacted : $10.01 to $100
  c. $1 for the value of amount to be transacted : $100.01 to unlimited

2. No mining will be possible (benefits to early adopters will be discussed later)

3. Worldwide data centers to transmit your tx

4. Your wallet will be a full node yet no benefits for you for running it.

5. Dynamic block size. So never need to worry on scalability issues.

5. Instant payments. Zero confirmation will be required (proposed)

6. Threats of 51% will be completed eliminated

7. Double spending will never ever possible.

(More key features will be updated later....)

What will happen if government will intervene here ?  
You never need to worry. Your money will be 100% safer with you. We will come up with new system there you can encash your old assets to start using new units (either by exchanging or just by signing a message). Because your value will be 1 unit = 1 USD always . There will no panic selling if government bans/seizes. You will be always secured.

Why you may trust us ?
You spend $100 (for example) for buying our new currency and when you will be selling them back you will get back your $100 (neglecting tx fees).

This is going to be completely community driven. Early adopters will be identified and will be rewarded to get start with. So, trusting us will not be a significant factor over time.

Why merchants will love us ?
There will be no threat for them losing any value of money they will be holding. So, anyone will not hesitate to start using like how they are doing with PayPal/any other system.

Key Plans :
1. ICO will be announced to identify early adopters and with guaranteed 400% benefits when actual currency will be launched.
2. New system is still on coding. But we want to test fixed valued cryptocurrnecy in real time so we may introduce partially ready system with some units to use in gambling and exchange sites. (we are already working with many ventures for this).
When another new system with improved features will be ready, your exciting units will need to be exchanged. This (introducing a system and exchanging )may happen multiple times. Yet there will be less hassle will be assured for you and there will be no loss of your wealth always.
3. We are hiring. We are already a team of more than 50 crypto experts. Still might need more talents. Please PM on this.
4. We are setting up hubs in more than 180 countries. To buy/exchange this currency and they will also work with merchants to adopt this payment system.
5. World wide Data center will be established in both physically as well in clouds. This will be a continuous progress when more volume of tx will be handled, new hub will be established.  

Answers to few assumed FAQ :
1. Name of system yet to be decided.
2. Team will be introduced here.

We love to hear your opinion. Do not forget to give us new ideas like what you want in your all-perfect monetary system.