DINEROCOIN BRIDGING THE GAP BETWEEN CRYPTO- AND FIAT CURRENCIES

Transcription

1 DINEROCOIN BRIDGING THE GAP BETWEEN CRYPTO- AND FIAT CURRENCIES

2 PREAMBLE The aim of this document is to provide information about the Dinerocoin project. It describes and analyses the conceptual idea, the business plan, the Initial Coin Offering (ICO) details, and the roadmap. It is meant to give a detailed, concise overview of the DNC project in order to enhance understanding of it, and particularly how it works in relation to the DNC Initial Coin Offering (ICO) launch.. The document is a culmination of various efforts from different entities working on the project. This whitepaper has been published on 22 01, All the other information about the project can be found on our ICO website ( The dinerocoin, will hereinafter be referred to as dinerocoin. Page 1

3 DINEROCOIN WHITEPAPER VERSION 1.0 JANUARY 22, 2018 TABLE OF CONTENT Overview of dinerocoin 3 Introduction to cryptocurrency.. 4 Advantage of cryptocurrency.. 5 Centralized vs decentralized.. 7 About dinerocoin. 8 Our mission 9 The need for dinerocoin 10 Dinerocoin specification 10 Outstanding features of dinerocoin 11 Initial coin offering. 16 Token information. 16 Crowd sale phases 17 Ico structure 18 Road map.. 19 Affiliate program Faq.. 21 Summary 23 Disclaimer Page 2

4 OVERVIEW OF DINEROCOIN DINERO COIN Bridging the gap between crypto- and fiat currencies A decentralized BLOCKCHAIN technology based crypto currency, designed for the financial market, Global E-commerce and Crypto currency trade. Page 3

5 INTRODUCTION TO CRYPTOCURRENCY The Global demand of cashless payments continues to rise at such a rate that the end of cash as the payment of choice is now a stark reality. The number of worldwide cashless transactions was over 430 billion in 2015 whilst the rise of mobile payments is expected to exceed $3.8 trillion by As people change the way that they interact with money, we have also seen the introduction of a brand-new form of money, called cryptocurrency. It is less than 9 years since the creation of the Bitcoin, the world s first digital currency that in turn built a brand new financial ecosystem called the blockchain. Today there are over 1,200 digital currencies, known as cryptocurrencies, and that number is growing every day. The cryptocurrency market with blockchain technology is proving its potential and superiority. This is promising to be the trend of modern finance civilization. The cryptocurrencies in particular are growing at a phenomenal rate. It is estimated that by 2020 the cryptoeconomy will exceed three trillion dollars and that by 2022 it could be equal to 10% of world GDP4. Only time will tell whether these predictions are correct, but what is certain is that cryptocurrencies have passed their point of no return. They are here to stay, and their importance will only increase. Page 4

6 ADVANTAGE OF CRYPTOCURRENCY Anonymity - Transactions with cryptocurrencies can be done without divulging much, if any personal information about yourself. This ties in very closely with identify theft, the conventional way of transacting opens us up to identify fraud where one s credit card and all associating information can be skimmed and copied. Credit card purchases pull a payment from a person and this can be initiated without your authority whereas cryptocurrency payments are pushed by the payer. Cryptocurrency payments cannot be pulled by a merchant. However recurring payments can be set up using cryptocurrency, but this is still a push, not a pull. Cheaper fees - cryptocurrency transactions cost a fraction of regular banking transactions. Ownership - cryptocurrencies cannot be taken away from you by anyone unless you give it up. Cryptocurrencies prevent this from happening as no one can take control of your money without your permission or without holding a gun to your head. Global recognition - The cost of doing business across countries includes the process of converting from 1 currency into another - often at a cost that eats into profit. Cryptocurrencies can be sent from 1 country to another with very low cost and no exchange rates applied. Speed - The average cryptocurrency transaction can take anywhere between 1 and 20 minutes to complete from sending to spending the received amount. Conventional banking can often take days to complete. An international wire can take up to 7 working days to be complete. Accessibility - There are many countries with rural areas where the residents have little or no access to conventional banking. In the world Page 5

7 of cryptocurrencies, anyone with a wallet on their mobile device, laptop or desktop can have access to money without the need of a conventional bank. Even if you do not own a mobile device or computer - your cryptocurrency bank can be accessed from any internet cafe or library with a computer (Although this is not recommended as key loggers may be installed on public computers and your passwords can be accessed) Fraud prevention - Many online merchants and sellers have been subjected to buyer fraud where the buyer charges back to their credit card once they have received an item they purchased online. Cryptocurrencies prevent this because you cannot charge back. Anti-counterfeiting - A cryptocurrency cannot be counterfeited because every coin in the system is accounted for. This alone plays a major role in economics because often the cost of counterfeiting is passed back to tax payers to recoup any losses due to counterfeiting Page 6

8 CENTRALIZED VS DECENTRALIZED? Centralized Network Single point of failure Easy to censor by government and block by content owner No privacy Keeping all data in a single server Not global, only available in some countries Making profit only for the owner of network Decentralized Network High availability Not possible to be censored by governments Respected privacy Keeping encrypted data on different nodes Availability in different countries, cities, and regions Making profit for all users in the network Page 7

9 ABOUT DINEROCOIN Due to the increasing adoption and acceptance of cryptocurrencies, more and more people still perceived cryptocurrencies as an investment instrument, rather than its original idea of a means of payment. The single most important step in moving benefits from the conceptual and into the practical mainstream is to enable people to use cryptocurrencies in the same way as they can to any other fiat currency, and this is the basis for the development of Dinerocoin. Dinerocoin is the next generation of a hybrid decentralized cryptocurrency, designed to building a payment solution for the blockchain industry different from all cryptocurrencies. It utilizes a value transfer protocol to achieve the transferring of payment on peer to peer basis and to build up a decentralized application platform, which brings blockchain technology into the global payment industry, global E-commerce and financial market. Building a lightning fast, secure and more anonymous cryptocurrency, including infrastructurefor debit cards, a wallet system with an exchanger that will feature more than 50 Crypto currencies and merchant services. We are building a bridge between the cryptocurrency world and the real world. Though cryptocurrencies have brought a whole new dimension in creating value, consumers regularly face the same problem: how can I easily change my cryptocurrencies into fiat currency? Additionally, consumers are also looking for easier and more secure ways to get their hands on cryptocurrencies in the first place. The goal is to satisfy the demand for convenient ways to convert fiat currency into cryptocurrencies and vice versa, without abandoning safety. Page 8

10 OUR MISSION At Dinerocoin, we believe that the underlying factor that will continue to define blockchain products is the ability to give people more power and control over their finances. This is the driving force behind Dinerocoin, providing a platform to the people, where they can freely move between crypto- and fiat currencies in a secure, fast and affordable online environment The ability to instantly convert currencies through our exchange or mobile application at a favorable rate. To build a lightning fast, secure and more anonymous cryptocurrency A conducive Merchant Gateway Services for the ecommerce industry. The ability to use our card at any ATM worldwide for reduced fees. Cryptocurrency online wallets for convenient storing, trading and selling DNC. Dinerocoin offers all payments and withdrawals for crypto wallets free of charge. Aim to create a safe and trustworthy environment for the community to trade and access their cryptocurrencies and convert it to fiat currency. Page 9

11 THE NEED FOR DINERO COIN DINERO COIN is the most secure and easiest crypto currency to manage. DINERO makes it easy to access and use a super secure crypto currency that has all of the benefits of BITCOIN and more. Transactions in DINERO happen faster, significantly cheap and are more anonymous. Dinerocoin have developed a hybrid decentralized blockchain technology, where People will be able to store, spend and exchange any Cryptocurrency in the same way as they could any other currency, but in a quicker, cheaper and more secure environment than it is possible in any cryptocurrency, traditional bank or fiat currency. DineroCoin is accessible and readily available to its users anytime and any day. There are no limits to your transactions. You can buy or sell your products and services, transfer money to your family and friends at an extremely low cost by an instant confirmation network without any interruption. DINEROCOIN SPECIFICATION Blockchain Technology Decentralized System Peer to peer network Highly anonymous Highly secure offline wallet Low cost User friendly app Algorithm script (POW/POS) Coin Abbreviation: DNC Maximum Coin Supply : 9 Million Page 10

12 OUTSTANDING FEAUTURES OF DINERO COIN 1. Highly Secure Unhackable OfflineWallet/Exchanger There are lots of touching stories on the internet about bitcoin hack or etherium hack which results to high loss of crypto currencies. We re currently developing an offline wallet with an exchanger that will feature more than 50 Crypto currencies.. Our Wallet will be 100% secure and almost impossible to hack, the odds against someone getting into a DINERO offline wallet/exchanger is like going to heaven or hell without dying, you can imagine that?. Dinerocoins users will be provided with a mobile (Ios, Android) and desktop apps (Macs, Linux, Windows) for fast and easy storage or exchange of Dinerocoins. Page 11

13 More features to come Dinerocoin is permanently and actively working on improving the existing systems and services. Online wallet support for additional cryptocurrencies will soon be added, together with an ever-growing list of tradable cryptocurrencies. 2. Anonymity: The main reason why decentralized currency such as Bitcoin is popular among people is because of its believed inherent privacy, but that is not all true.. Did you know that anyone with your public BITCOIN wallet address can see your entire transaction history? Surprised!! Dinero Coin protects your transaction history and wallet contents from prying eyes, whilst leaving publicly accessible transaction hashes available for the technically discerning to authenticate transactions. That means dinerocoin transactions are totally anonymous and never being tracked. 3. Borderless Transactions Whenever one or group of people required to send money outside the country, It s mostimportant thing is to receive payment as soon as possible on receiver s side. In this termsdinerocoin payment solution is available to solve the issue. This platform is totally dedicated for the people of an online economy where people transacts using fiat currencies. To successfully enable borderless payments in a real term, One have to send money usingdinerocoin web or mobile wallet to another person. The receiver will get an instant notification of new incoming payments. Page 12

14 Now to withdraw that money receiver can withdraw that amount in fiat currency through our debit card system, for use. There are several benefits of using borderless payments, the first and foremost importantbenefits is the faster transactions without involving any intermediate banks or third party persons. It saves time. 4. Debit card system The DNC platform allows you to easily fund your Crypto Debit Card via our exchange, as well as a smartphone app that will be released in The Dinerocoin prepaid Card will be usable worldwide with FREE standard delivery and express delivery for a small additional fee. Acceptable for payments online, in stores, and take advantage of cash withdrawals at ATMs anywhere Visa is accepted (40M merchants worldwide), making it ideal for daily use. Due to advanced in-app security, state-of-the-art chip technologies and the added safety of a PIN code, the Dinerocoin Crypto Card is safer than carrying cash. Support for the card s functionality on our platform and payment system is already in development. Page 13

15 Dinerocoin s prepaid card,can be used at any ATM around the globe and in shops as an ordinary payment card. You do not have to worry about spending your dinerocoin in advance - your cryptocurrencies will be auto-converted to USD, EUR, or GBP before loading your denerocoin card. Cards can be denominated in dollars (USD), euros (EUR), or pounds (GBP). Merchant Gateway Services There are many payment gateways/merchants in the industry of Blockchain. However, the services of Dinerocoin payment are totally different, unique, secure, fast & better with extra facilities. Extra services of Dinerocoin includes payment gateway services, merchant payment solutions, invoicing management, product Page 14

16 management, order management & product support tools as well. To maintain transparency in Dinerocoinblockchain based payment gateway, we are assigning unique payment transaction ID to every payments made. With our instant Invoice Status tool, you can check your invoice status, either being paid, cancelled or rejected. Dinerocoin also provides full access to the merchants with more than 12+ ecommerce store integrations with plugins compatibility. Our payment gateway does not requires any special skills or certificates to manage. Barely having sufficient knowledge of using crypto currency is enough for you. Just get your DNC merchant account and integrate the payment solution within your website. Page 15

17 INITIAL COIN OFFERING Starting ICO is a way which enables Dinerocoin to fund our activitiesincluding building and developing our core Team, the ecosystemfor our apps, and running marketing campaigns, so that Dinero Coinbrand-awareness and reputation would be successfully built.the sooner the investors buy Dinerocoin, the higher earningpotentials they would gain, both in the short term and in the long term. Buying DNC at the ICO stage, at the best price, enables you to optimize your investment. TOKEN INFORMATION Token Name Dinerocoin (DNC) Token Price Fixed to $0.85 $1.05 ICO start date February 4 th, 2018 (12:00 GMT) ICO end date April 30 th 2018 (23:59 GMT) Token Amount Up to 9,000,000 DNC Maximum tokens DISTRIBUTED VIA ICO 100%/no further tokens will be generated Page 16

18 Minimum Token Purchase 50 DNC Maximum Token Purchase 5000 DNC Eligibility Anyone except permanent residents from Hong Kong and the People s Republic of China due to legal restrictions or trade sanctions. TOKEN SALE PHASES We accept ONLY BTC AND ETH during the Token sale. Our Token sales will have two sales phases PHASE 1 SALES Phase 1(pre-sale) 3,500,000 DNC will be sold In Phase 1 PHASE 2 SALES Stage A ($0.95): 1,000,000 DNC will be sold in the first stage Stage B ($1): 2,000,000 DNC will be sold in the second stage Stage C ($1.05): 2,000,000 will be sold in the 3 rd stage After the ICO: All further payments are refunded and Unsold Coins Will Be Destroyed. Page 17

19 ICO Structure Funds raised during the ICO will be used solely for the development of the Dinero Coin network. The following distribution of funds is preliminary and can be a subject to change. Core Development: 50% Fund Blockchain research and improvement: 10% Fund Marketing & Campaigns: 15% Fund Operational work: 7% Fund 7% General and administration: 8% Fund Legal fees and Licenses: 10% Fund ICO FUND DISTRIBUTION 15% 8% 10% 10% 50% Core development Blockchain research and improvement Marketing & Campaigns Operational work General and Administration Legal Fees and Licenses TOKEN DISTRIBUTION ICO(Crowd sales) TEAM ADVISORY BOARD AND PARTNERS Page 18

20 ROAD MAP Steps in the roadmap demonstrates our commitment and effort to ensure that everything would be done correctly at the right time. This road mapwould provide you with the most user friendly way to use dinerocoin. Steps below: Page 19

21 AFFILIATE PROGRAM Affiliate program is a great way to expand our Dinerocoin user and investor community. DNC affiliate bonus is our recognition to your contribution to the development of the whole DNC community. With all of the technology out there along with our Affiliate program, it costs no money to get started and it could not be simpler to earn money with dinerocoin. By referring new members to buy dinerocoin during ICO, you will get 5% bonus on the quantity of coin that your referred members purchase. Therefore, the more members you could refer, the more money you could earn, which means you do not need to buy DNC with your own money Page 20

22 FREQUENT ASKED QUESTIONS WHERE IS DINERO COIN FROM? Our team is made up of 107 members. We have managers and consultants who come from several countries, mainly from Europe, Hong Kong, We also have members from the US and Uk. Our Advisors are the Best you can ever think of. We will put in our best to offer DNC users with highly advanced solution for money transaction and userfriendly apps WOULD DINERO COIN GIVE FINANCIAL SUPPORT FOR LEADERS OF DNC IN EACH COUNTRY? Dinerocoin have been established with a long term mission and vision. Our objective is to build a good reputation in digital asset field. We hope that all DNC users and investors would convey accurate, honest messages while building referrals and earning commissions with DNC. We believe that individuals who trust and invest in DNC would gain a long term profit WHAT IS THE EXACT DATE AND TIME OF ICO? ICO Date: February 4 th 2018 to April 30 th 2018, starting time is 12 pm London Time (GMT). On our website, we provide you with a countdown timer. You should see the seconds tick down to ICO day, and when it counts down to 0, you can start buying DNC. HOW WILL THE COINS BE DISTRIBUTED? 500,000 DNC will be distributed among the team, advisory and partners of Dinero coin 8,500,000 DNC Will be sold during the ICO What payment methods do you accept? We accept ONLY BTC AND ETH Page 21

23 WHAT ARE THE STEPS IN BUYING DINERO COIN? 1. SIGN UP ON DINEROCOIN.IO 2. LOGIN INTO YOUR BACK OFFICE 3. CLICK ON BUY DINERO COIN 4. SELECT WHICH COIN YOU WISH TO PAY WITH (ETH OR BTC) 5. CLICK PROCEED 6. ENTER THE ADDRESS YOU ARE PAYING FROM 7. ENTER AMOUNT OF DNC YOU WISH TO PURCHASE, OUR CALCULATOR IS THERE TO GIVE YOU A FINAL COST OF TOTAL DNC YOU WISH TO BUY 8. CLICK ON PROCEED 9. AN ADDRESS WILL APPEAR, PAY INTO THE ADDRESS WITHIN 8 HOURS 10. ONCE THE FUND IS RECEIVED, DNC WILL BE CREDITED IN YOUR BACK OFFICE Page 22

24 SUMMARY A revolution is taking place with technology at its heart. This will allow us to help millions of people around the world to easily navigate the financial aspect of being an entrepreneur whilst taking away the complexity and high costs typically associated. Join us on our journey and be part of this success story by participating in the Dinero Coin token sale. We are looking forward to welcoming you on board and engaging you to the future of a brand-new form of money, called Dinero Coin. Page 23

25 Disclaimer This white paper is for information purposes only and is not an offer or a call to sell stocks or securities. Dinerocoin tokens are not securities: User acknowledges, understands, and agrees that Dinerocoin tokens are not securities and are not registered with any government entity as a security, and shall not be considered as such. Absence of guarantees of income or profit: There is no guarantee that Dinerocoin tokens will grow in value. There are no guarantees that the price of dinerocoin will not decrease significantly, due to some unforeseen event, or events over which the developers have no control, or because of force majeure circumstances. Regulatory uncertainty: Blockchain technologies are subject to supervision and control by various regulatory bodies around the world. Dinerocoins and tokens may fall under one or more requests or actions on their part, including but not limited to restrictions imposed on the use or possession of digital tokens such as Dinerocoins, which may slow or limit the functionality or repurchase of DNC tokens in the future. Risks of using new technologies: Dinerocoin tokens are a new and relatively untested technology. In addition to the risks mentioned in this document, there are certain additional risks that the team of the Dinerocoin cannot foresee. These risks may manifest themselves in other forms of risk than those specified herein. This English language White Paper is the primary official source of information about the DNC Token. The information contained herein may from time to time be translated into other languages or used in the course of written or verbal communications with existing and prospective customers, partners etc. In the course of such translation or communication some of the information contained herein may be lost, corrupted, or misrepresented. The accuracy of such alternative Page 24

26 communications cannot be guaranteed. In the event of any conflicts or inconsistencies between such translations and communications and this official English language White Paper, the provisions of this English language original document shall prevail. Page 25