Living in the 21st century London or schooling in a cosmopolitan city like New York comes at a cost…yes, our pockets. We basically have to spend money, from purchasing flowers for loved ones or buying grocery or even taking a drink in a pub, we are constantly faced with the issue of loose change. — What exactly is the loose change you may wonder?.., To simply put, loose change are coins or cash in our pockets leftover from transactions made for that day or the previous. It’s a commonly held belief that we all at one stage or the other in our lives have either lost or misplaced money and coupled with the high cost of printing physical currencies, Digitize steps in to ride the wave of the recent crypto adoption by introducing a platform that helps us convert seamlessly our loose change at point(s) of purchase to virtual currency which can either be used later for purchase or converted to Ethereum.
Digitize aims to link the average joe to the cryptocurrency world by launching an ecosystem which serves as a platform that allows users convert their loose change on a user-friendly environment into digital currencies, thereby removing the inconveniences associated with carrying loose change around.
To be a member of this ecosystem,
a. The individual must download the Digitize mobile application from online stores either the Ios app store or google play store.
b. Open an account either as a retailer or consumer,
c. Complete the KYC and AML .
With the completion of the above steps, the individual or user will have a profile and wallet, with the wallet securing data on a decentralized database as well as allowing users to interact with other via smart contracts. The picture below gives an apt description of how Digitize works — even the average joe will have no issues using it.
In order to achieve these goals and objectives, Digitize will be launching a mobile application and website for both businesses(e.g Walmart, Harrods, Tesco etc) and users(you and i), Thus bridging the gap between users and retailers,via a platform that is user friendly (great interface), uses the blockchain and allows a seamless conversion of loose change
Consumer Mobile App:
Consumers will be able to access their wallet, transaction history, as well as viewing the discounts and promotions from retailers.Business Mobile App:
Businesses especially retailers, will be able to access their wallet, view dashboard and know the balance of their Digitize token. The value in their local currency either USD, Eur etc will also be available to check in the mobile application. Meanwhile, setting up discounts, promotions, rewards for customers and also getting feedback from consumers will be seamless.
Token Sale details:
Token will be referred to as DTZ
Softcap : 600 ETH
Hardcap : 4000 ETH
Type : ERC20
Token rate: 1DTZ = 0.0002 ETH
Token Supply : 200,000,000
MinimumPurchase:: 0.1 ETH
Payment : Ethereum
Also worthy of note, all unsold tokens will be burnt or distributed equally to token holders (this will be announced later).
Also, no token will be created in the future.
Token transfers will be available 2weeks after the end of ICO.
ICO will end once the hard cap is reached and if softcap is not reached, funds will be returned back to investors.
Conclusion:
The Digitize project is actually one that aims to solve a real life challenge/issue and unlike most projects that are filled with tech jargon's thus getting the average Joe more confused. The issue of loose change is one that affects everyone and Digitize is tackling it head-on. In one move, digitize aims to help you convert your loose change at purchase points to virtual currency- safe and securely via their mobile digital wallet. it can then be used to trade for Ethereum or for future payments. Thus removing the risk of you misplacing or totally loosing your money
with a host of partners.
Having taken a cursory look at the team, I do believe they will deliver on this project. A great team is as good as its coin…therefore I wholeheartedly endorse digitize
For More Information:
Website: https://digitizecoin.com/
Whitepaper: http://digitizecoin.com/whitepaper
Telegram: https://t.me/digitizecoin
Twitter: https://twitter.com/DigitizeCoin
Facebook: https://www.facebook.com/digitizecoinico
Bounty: https://bountyhive.io/browse/Digitize%20Coin
Bountyhive Username: Farouk