The Digitize Coin ICO presale has just a few days left before the main token sale starts at a higher price.
If you stopped to look at the insane level of loose change that there is in circulation, then you would understand how much money is constantly swirling around in various pockets and bags in the world. So, what would you say if you could effectively cut the amount of loose change that you have in your possession, and turn it into something that is able to work for you rather than just being a pain? Well, that is something that is entirely possible, and it is thanks to a service called Digitize Coin.
What is Digitize Coin?
Digitize Coin has caught onto the concept that people are fed up of collecting all of this loose change that just appears to build and build over time. So, what better way to attack that problem than by offering individuals an alternative approach, which involves using the blockchain and cryptocurrencies to provide individuals with something that is substantially better.
The key here is that individuals will be able to convert their loose change into a cryptocurrency on their digital wallet at the point of the transaction rather than being handed the change itself. You can then change it into a different cryptocurrency or use it to make payments in the future, so it is certainly far more flexible than you may have initially thought.
Clearly, there are a number of huge advantages to this, but we need to think about the technical side of things first.
The Technical Aspect of Digitize Coin
The way in which the entire process works is simple. An individuals goes to a retailer that has a Digitize reader and they pay for something at the store. The change that is left over from their payment can then either be handed to them in physical cash, or they can use their smartphone and tap it onto the reader so the change is then sent to their digital wallet. This is all achieved via a decentralized approach providing additional security to all of those involved.
Once the phone has been scanned, it sends the information to the blockchain and the Digitize platform. You can then either send it on to the Digitize exchange for it to be converted, or it can be stored and then used for those payments later on. Each step is done via Smart Contracts providing you with added security for each stage of the transaction.
The entire platform is also built on Ethereum which does bring with it a number of absolutely clear advantages. Not only is this regarded as being the most stable of platforms, which is always key when people need it to work at any point, but it is also regarded as being secure and easy to scale.
This operates in the same way as people using a digital app to make a payment at a retailer. The value is sent from the reader to the account that is linked to the phone and this smooth and easy approach does mean that there will be no chance of fraud thanks to using the blockchain and those Smart Contracts.
The Advantages of Digitize Coin
There are a range of substantial advantages of using the platform for both the consumer as well as the retailer. Clearly, the retailer still receives their payment and, at the same time, they can reduce the amount of loose change that they need to keep if more people switch to this as an alternative.
Also, the individual can get their money to work for them in cryptocurrency and they can either leave it there so it can grow or spend it somewhere else. Forget about the fact that it stops you from being bogged down in all of that money rolling around your pockets because this is clearly going to be a better way of tackling things especially if you understand digital currencies and the way in which the markets move.
The Financial Aspect and the ICO
From a financial point of view, then there are 200,000,000 tokens made available and they are only looking at accepting ETH as the currency of note. This is not unusual by any means and they have also included a minimum investment of 0.1 ETH which is also not that high that it is going to have a negative impact on the number of people that could invest in the ICO.
For this part, they are also looking at setting a price of 1 DTZ equating to 0.0002 ETH giving you an indication of the value that they are looking at for their platform. They have included a soft cap, which is 600 ETH while the hard cap is slightly different as it represents 10% of the total supply of tokens. Finally, there is a bonus of up to 25% if you get in early enough, which is rather healthy compared to some other options out there.
Overall Conclusion About Digitize Coin and the ICO
The concept of the project is rather cool, and you can see why it could prove to eventually be rather popular especially with the way in which we are gradually moving more towards a cash-less society. Their main difficulty will be in getting enough retailers to work on the platform to make it viable as a main idea, but if they can achieve this then there should be no other real issues.
What they are doing is more simple than you think, and yet the impact it could have is enormous. From an investment point of view, then you can immediately see that this could very well be worth giving it a go as those individuals that are already using apps to pay for things, and understand cryptocurrencies, could change to this simply to get their money to work for them in the long-term.
With a minimum investment of 0.1 ETH, you are going to get a substantial number of tokens and it is anticipated that this coin could increase in value quite quickly if the platform proves to be a success. They have a strong team behind them and the possibilities are out there if only they can harness them correctly.
Website: https://digitizecoin.com
Whitepaper: Can be found on the top bar of their website for download: https://digitizecoin.com
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