Update on Funding:
Our funding campaign has been going well – as good as we have anticipated. It has generated a lot of interest from potential investors, fund raising professionals and venture Capital (VC) groups. As expected, this is a long process that requires great patience and persistence. It has been keeping me very busy; at times impossible to keep up.
I am confident that we will get funded. In the meantime, I will not take anything for granted but instead continue to pursue new possibilities until we are sufficiently funded. The best our supporters can assist our efforts is to keep our community engaged and continue to get our message out.
Apart from raising the necessary capital this turns out to be a great PR campaign giving me a great opportunity to communicate with many key people in our industry. This opens opportunities for collaborative partnership and potential prospects for NextGen VC. Overall, it has been very positive including quite a few high-level professionals who would love to work for us given the opportunities. I can feel that DNotes is gaining a lot of respect, though not yet reflected in the price of DNotes.
My messages are very clear to those who could be help to us – get us funded and have DNotes listed on a major exchange. Together, we will continue to pursue that relentlessly. Thank you for your support.
Alan, We are sure you are out there tirelessly working all of your contacts and we appreciate it. Keep pushing brother!!! Here are a couple of words of encouragement for you when you feel down or tired because of the long hours. "WHEN YOU FEEL LIKE QUITTING, THINK ABOUT WHY YOU STARTED!!!!" That will keep anyone going when they have their eyes on a goal. Lastly "Our greatest weakness lies on giving up, The most certain way to success is always to try one more time" Thomas Edison but in your case make one more call. Build it and they will come. Thank you for all you do. This message isn't just for Alan it's for the whole DNotes team. Great job everyone your hard work will pay off. Interesting. That quote from Edison used to be my signature here. And, it's true, never, ever give up! Excellent quote! Agreed, stay the course. We have a solid direction we are headed in, a great foundation, a fantastic team and community, and the guiding principles for long term success. Tenacity and perseverance will pay off in the long run. Thank you for your continued support! |
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what happened to the coin. i saw few wallet maintenance but someone still mining the coin somehow. maybe solo. or any working pool. ty
Welcome kamarul.jutawan, we have upgraded our blockchain to DNotes 2.0 earlier this year which is now proof of stake and there is no more mining. You can trade DNotes 2.0 on Mercatox.com or Stocks.exchange. |
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Here is an interesting statistic for everyone, and one that highlights the importance of staking. Here is how many coins (as a % of total supply) you would need to 51% attack the following POS coins: Blackcoin has 23.9% of their total coins staking, therefore you would need 24% of all Blackcoin to successfully perform a 51% attack and become the sole validator of transactions. https://chainz.cryptoid.info/blk/#!extractionNavcoin has 27.1% of their total coins staking, you would need 27.2% of total outstanding supply to perform a 51% attack. https://chainz.cryptoid.info/nav/#!extractionStratis has 35.6% of their total coins staking, you would need 35.7% of the total outstanding supply to perform a 51% attack. https://chainz.cryptoid.info/strat/#!extractionDNotes has 53.2% of total coin supply staking, therefore it is mathematically impossible for an outside user to accumulate enough coins to perform a 51% attack against DNotes. https://chainz.cryptoid.info/note/#!extraction I would imagine the % of total coin supply that is staking will skyrocket once DNotes implements cold staking and all DNotes stored on the vault become stakable by deferring rights to a hot wallet. I'm really excited about cold staking feature  Do you maybe already have any approximate date at which that feature could be implemented? Your guess is as good as mine Amadeus! I would assume that it is largely dependent on smooth integration with the Vault, because while the software for delegated proof of stake already exists, it would be safe to say that incorporating it with the vault back end will be a tremendously large job for our software development team. That is correct, there are many factors surrounding cold staking. Another fork and making sure we include everything we can for that fork, funding timeline, DNotesVault. My best guesstimate is early 2019. |
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Wondering what DNotes is all about? Here’s the basics: What is DNotes?• DNotes is a digital currency with a purpose: to serve as a real currency that people can use in their daily lives - unlike other digital currencies that focus on solving niche problems, with no plan to become a real, usable currency. • The DNotes goal is simple: achieve mass adoption and become the world’s first accessible, inclusive, and financially empowering digital currency that benefits everyone around the globe. What are DNotes’ Benefits as a Currency?• DNotes is managed as a business – but not controlled as one. • DNotes success is driven by a profit-generating company, DNotes Global, created to promote mass adoption, protect the currency, and ensure sustainable growth. • DNotes’ unique CRISP savings program rewards DNotes owners with 0.5% interest, every month • DNotes offers staking rewards for stakeholders – at 2% a year. • DNotes provides blockchain invoicing features to simplify merchant acceptance and adoption of the digital currency. What Benefits Does DNotes Global Provide?DNotes Global protects DNotes and its stakeholders, promotes mass adoption, and creates value and utility for the digital currency, including a fully integrated ecosystem. The company provides a unique cross-ownership model, with DNotes owning 25% of DNotes Global (pre-dilution), while the for-profit business maintains a stake in the digital currency. DNotes Global generates profit, creating intrinsic value for the DNotes currency to help create a “floor” for the digital currency’s value. DNotes Global has plans to build a long-term competitive advantage by offering services that utilize DNotes. That strategy will also help to facilitate awareness and adoption of the DNotes currency. Long term competitive advantage DNotes Global will provide in offering services that utilize DNotes. What’s Next? Fully compliant Reg D 506 (c) crowdfunding followed by a Reg A+ Mini-IPO. DNotes Payment Solution Integration into Existing eCommerce Platforms Cold Staking Implementation & More Where can I learn more? Pitch Deck - https://dnotesglobal.com/PitchDeck.pptxPitch Deck Video - https://www.youtube.com/watch?v=XculeWKdbbEWhite Paper - https://dnotesglobal.com/white-paper/Website - http://dnotescoin.com/Blog - http://dnotescoin.com/blog-main-hub/ DNotes PayDNotes Pay DigitalUse: Selling individual products from a website that can be delivered automatically via a download link or directed to a specific webpage without collecting any information from the buyer. Integration: Can be integrated into any PHP website. Instructions: Edit address.txt and add your DNotes addresses, 1 per line. Edit index.php and change the 6 Config values at the top. Upload all files to your web site. Link to this page via hyperlink or button to accept payments. https://www.youtube.com/watch?v=4tLDY3RPSbc&t=545sFeatures: Universal PHP/Javascript script. No database required. Automatic payment confirmation and product delivery. No buyer information required. Script: https://github.com/DNotesCoin/dnotespay-digital-pocDNotes Pay Digital - Wordpress PluginUse: Selling any number of individual products from a Wordpress website that can be delivered automatically via a download link or directed to a specific webpage without collecting any information from the buyer. Integration: Can be integrated into any Wordpress website. Instructions: Download the plugin and install on your Wordpress website. Configure your DNotes Pay payment button. Place the shortcode where ever you would like on your Wordpress website to display the purchase button. https://www.youtube.com/watch?v=OqKmqHiIXGkFeatures: Easily install on any Wordpress website. Sell any number of individual products. Automatic payment confirmation and product delivery. No buyer information required. Download Plugin: https://github.com/DNotesCoin/dnotespay-wp-digital-poc/releasesSource: https://github.com/DNotesCoin/dnotespay-wp-digital-pocDNotes Pay SoftwareUse: Selling software on a Pay Per Period or lifetime purchase automatically and without collecting any information from the buyer. Integration: Can be integrated into any program, C# example provided. Instructions: For C# and .NET applications, modify the code example and integrate into your program. https://www.youtube.com/watch?v=9myDnwR7SF0Features: Automatically accept payments for use of your software. Novel Pay Per Period model. Add in any additional security your program may require. No additional requirements. Script: https://github.com/DNotesCoin/dnotespay-sw-pocWhat's next?PHP script for custom shopping cart integration. DNotes 2.0 Frequently Asked Questions: Q: What is new with DNotes 2.0?A: DNotes 2.0 is a major improvement on the original DNotes blockchain. The new blockchain will allow DNotes and its partner company DNotes Global to achieve its objective to connect DNotes to the modern world of finance and commerce. The new blockchain is faster, more secure, and consumes only a fraction of the electricity. It also allows custom invoices to be created and attached to transactions, and changes the economic incentives of the network to one that encourages savings with the switch to the Proof-Of-Stake algorithm, and paying 0.5% interest on balances that haven’t moved from a wallet address in a 30 day period (~6% per annum). Specifications POS 2% Annualized Staking Reward Individual blocks reward will be Current Total Coins / 525,600 * 0.02 60 Second Block Target 0.005 Transaction Fee Source: https://github.com/DNotesCoin/DNotes2.0Download Wallet: http://dnotescoin.com/#DownloadDirectory DNotes2 (C:\Users\USERNAME\AppData\Roaming\DNotes2 on Windows) CONF dnotes.conf (all lower case) DNotes 2.0 Features Switch to PoS CRISP Reward - 0.5% interest every 30 days. Awarded by address. Calculated on a 30 day cycle. Automated Invoicing (First Phase) - Integrated blockchain invoice number There will be a soft deadline where DNotes mined after that block will not be redeemable for 2.0 coins: 4/16/2018 Block# 2180897 133,574,552 Will be the total swappable amount of DNotes we create +20,000,000 Allocated to DNotes Global, Inc for Development & Growth Fund 153,574,552 Total DNotes 2.0 Created The next update (TBD) will include: Deferred Staking Q: How do I swap my coins? (after April 16th)A: The DNotes coin swap process will now be done through a private fork of the legacy DNotes blockchain. We have created this fork to ensure that legacy DNotes holders are still able to swap their legacy DNotes for DNotes 2.0 long after the deadline, in the event they missed the swap. This also ensures we will not be accepting newly purchased or mined DNotes, protecting our users and network. In order to swap your coins, you will need the following DNotes v1.3 wallet, which you can download here: http://dnotescoin.com/DNotes/dnotes-qt1-3.zipYou will need to copy your wallet.dat or wallet backup file to C:\Users\USERNAME\AppData\Roaming\DNotes1-3 directory, open the wallet application and allow it to update. Next, you will need an address to send your legacy DNotes in to for the coin swap, you can generate a legacy address with the following instructions: Create a DNotesVault.com account if you don’t already have one. Login to your DNotesVault.com account, and click the HISTORIC tab at the top. Click Create Address, and send your DNotes to the address you just created. Coin swaps will be processed once a month until further notice. Q: What is the cutoff date for mined DNotes that can be swapped to the new DNotes blockchain?A: We have set April 16th 2018 as the soft deadline. No DNotes mined after this date will be eligible to be swapped to DNotes running on the new blockchain. We will continue swap DNotes after that date, however the process will not be as easy and will take more time. Any DNotes 1.x purchased on exchanges after the 16th will not be eligible for the swap. Q: Will DNotes 2.0 be listed on new exchanges?We are currently listed on: https://mercatox.com/exchange/NOTE/BTChttps://stocks.exchange/trade/NOTE/BTChttps://www.nlexch.com/markets/notebtchttps://bitebtc.com/trade/note_btcBeta or Future Exchanges we are working with: https://blockbid.io/Q: Are the new DNotes 2.0 coins worth the same as the old coins?A: Yes, they are worth exactly the same. However we can not predict what price movements will occur at exchanges once DNotes is relisted using the new coins. Q: I have Mac or Specific Linux OS, will there be wallets for these? A: Yes! We currently have Windows / Mac / Linux Mint / Ubuntu Desktop wallets at DNotesCoin.com. If you need something else, please let us know. Q: Where is the block explorer? A: https://chainz.cryptoid.info/note/StakingQ: What is Staking?A: Staking your coins helps to support the DNotes network, and the network currently pays out roughly 5 DNotes every minute to one address on the network based on a probability that centers on how many coins the user is staking with as a percentage of the total number of coins being staked on the network. The DNotes network pays out ~2% of the total number of coins per annum. If 100% of DNotes were being used to stake on the network, then by probability each user could expect 2% growth in the number of coins they have. If only 50% of coins are used to stake, then those users could expect approximately 4% growth that year. Q: Can I stake my coins on the DNotesVault?A: You cannot currently stake your coins that are on the DNotesVault, you will need to withdraw your DNotes 2.0 to a local wallet and stake your coins from your local wallet. We will in a future release incorporate cold staking, which will allow you stake your coins while they are safely tucked away inside the DNotesVault. However, we do not have an ETA, it will be one of our highest priorities for next upgrades. Q: How do I stake?Disclaimer: It is recommended that you properly secure your computer and wallet, as well as make proper backups, before attempting to run your own staking wallet. Failure to properly secure your DNotes may result in loss or theft. If you are not familiar with the process, please start off small and familiarize yourself with the process. You will need to download the DNotes QT wallet here: http://dnotescoin.com/#DownloadInstall the wallet (and we recommend creating a backup, after encrypting your wallet) Go to settings, and then ‘encrypt wallet’. Enter your password twice (and do NOT forget it, or you will not be able to access the wallet and we can not help you). Go to settings, and then ‘unlock wallet’, enter your password, and select “for staking only”. This will prevent any transfers from being made from your wallet without the password while you stake your coins. Soon the arrow at the bottom will turn green. This means that your coins are now staking. Video: https://youtu.be/bR66LWPRzAUQ: How do I get the most out of my staking efforts? A: There is no trick to staking efficiently. The factors involved are your coin weight versus the network coin weight and coin weight is the number of coins currently staking. The age does not matter, nor does how you divide or move your coins around. Q: How much can I earn staking? A: That depends on how many coins you are staking and how many coins are being staked on the network. The blockchain distributes Current Total Coins / 525,600 * 0.02 every block, or every 60 seconds. You may calculate how often you are chosen to receive the block reward by dividing your network weight verse your weight. If network weight is 100, and your weight is 5, then you would be chosen for block reward 5 blocks out of every 100. CRISPQ: Can I get CRISP reward AND stake at the same time? A: Yes, the system is designed to allow you to receive CRISP on a wallet you are staking Q: What is the CRISP reward structure? A: CRISP periods are every 43,200 blocks (30 days). Payments start 10,080 blocks (1 week) from the end of the CRISP period. Q: What do I need to do to earn CRISP? A: Keep your coins in the same address for the full CRISP period 30 days, set every 43,200 blocks. Q: When will I receive CRISP payments? A: The next payouts are as follows: May 1 - Ends first CRISP period. May 8 - Payout starts. (Virtually no one will receive this payout) June 2 - Ends second CRISP period June 10 - Payout starts Roughly. Q: Do I get CRISP payments at the DNotesVault? A: Yes! You get CRISP inside the DNotesVault, or at any address you control, such as a Desktop wallet. Though I won't suspect you will be able to get CRISP rewards from the exchanges or other online providers. Q: Where do the CRISP coins come from? A: The blockchain, these are newly created coins and have now become part of the new coin distribution, just like the staking reward. Q: How do I earn the interest reward?A: Our Cryptocurrency Investment Savings Plan (CRISP) payouts occur approximately once per month. All coins that haven’t moved address during that month period will accrue a 0.5% interest, which compounds to roughly 6.17% per annum. If you move your coins during that time, those coins will not receive the interest for that month. |
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Though we frequently receive glowing comments about the level of service and protection provided at the DNotesVault, we also occasionally receive a comment critical of the additional security steps and time involved in making a withdrawal. I can certainly relate to that concern, so I wanted to take a minute to explain in a bit more detail the DNotes model, how DNotesVault fits into that model, and why it benefits every user whether they use the service or not.
DNotes’ Holistic Approach
DNotes takes a holistic approach to digital currency, recognizing that every individual component - including every user and service on the network - has an impact on the system as a whole. This is why our unique cross-ownership model is so important to DNotes Global. The model ensures the entire system works as one cohesive machine, empowering us to offer greater services to our community – services like the DNotesVault.
You may recognize this systems approach, especially if you’ve read DNotes founder Alan Yong’s book: “Improve Your Odds: The Four Pillars of Business Success”. The principles outlined in the book are critical to the future of DNotes and DNotes Global, serving as a rule book of sorts and providing the guiding principles for DNotes and DNotes Global.
DNotesVault Benefits Everyone
Regardless of whether you choose to use DNotesVault to store your DNotes, the service benefits all our stakeholders. The fact is that most people naturally take the path of least resistance. By making it easy to safely store DNotes in cold storage at the DNotesVault, fewer people will end up storing their DNotes in locations where they are at a higher risk of being stolen - such as exchanges or wallets that are not properly secured. Stolen coins pose a huge risk of being dumped on the market without any regard for everyone else on the network.
More Than Money
It's not just the price and market that is impacted by stolen or lost coins, but the user experience of everyone in the community. Imagine investing your hard-earned money to buy some DNotes only to see them lost or stolen!? If the lost sum was a significant amount of money, you would be much less likely to continue to use and trade DNotes because you would no longer trust its underlying security. DNotesVault helps to preserve that trust, for everyone’s benefit.
Manual Review, Confirmation, and Additional Hold
Cold storage and account security are not enough to ensure the protection of your coins in every instance. That is why we intentionally have a hold time, undertake a manual review and audit of withdrawing accounts and recent history, and sometimes even require manual confirmation before releasing your funds from the DNotesVault.
It is our view that mass adoption requires simplicity, and that before we worry about simplicity, we need the best security.
Options and Choices
None of that means that you are without choices, however. While our goal is to provide an online vault environment that offers maximum protections for your hard-earned holdings, we also recognize that some users may feel comfortable managing their own assets outside the vault. There are options that you can use to forgo the security features offered by the DNotesVault, including our Electrum Wallet and Desktop Wallet. These options provide quick access and full control over your funds.
The main point is that DNotesVault was designed and created to serve as a safe and easy-to-access coin storage and management option for our users. Our goal was to simplify DNotes account management in a way that removed technical burdens while maximizing coin security and user peace of mind. However, that additional protection does involve a compromise, trading some speed for security. As time goes on and these systems continue to evolve, we expect to eventually offer a solution that combines speed, security, and user control.
This is great. You've been saying this since the first DNotes block was hashed in 2014 and DNotesVault built in 2015. Hope you don't mind that I took the liberty of turning this into a blog post on DNotesEDU. https://dnotesedu.com/2018/08/dnotes-holistic-approach/Of course! I will likely use some of these concepts for articles for DCEBrief as well. Thanks! |
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Though we frequently receive glowing comments about the level of service and protection provided at the DNotesVault, we also occasionally receive a comment critical of the additional security steps and time involved in making a withdrawal. I can certainly relate to that concern, so I wanted to take a minute to explain in a bit more detail the DNotes model, how DNotesVault fits into that model, and why it benefits every user whether they use the service or not.
DNotes’ Holistic Approach
DNotes takes a holistic approach to digital currency, recognizing that every individual component - including every user and service on the network - has an impact on the system as a whole. This is why our unique cross-ownership model is so important to DNotes Global. The model ensures the entire system works as one cohesive machine, empowering us to offer greater services to our community – services like the DNotesVault.
You may recognize this systems approach, especially if you’ve read DNotes founder Alan Yong’s book: “Improve Your Odds: The Four Pillars of Business Success”. The principles outlined in the book are critical to the future of DNotes and DNotes Global, serving as a rule book of sorts and providing the guiding principles for DNotes and DNotes Global.
DNotesVault Benefits Everyone
Regardless of whether you choose to use DNotesVault to store your DNotes, the service benefits all our stakeholders. The fact is that most people naturally take the path of least resistance. By making it easy to safely store DNotes in cold storage at the DNotesVault, fewer people will end up storing their DNotes in locations where they are at a higher risk of being stolen - such as exchanges or wallets that are not properly secured. Stolen coins pose a huge risk of being dumped on the market without any regard for everyone else on the network.
More Than Money
It's not just the price and market that is impacted by stolen or lost coins, but the user experience of everyone in the community. Imagine investing your hard-earned money to buy some DNotes only to see them lost or stolen!? If the lost sum was a significant amount of money, you would be much less likely to continue to use and trade DNotes because you would no longer trust its underlying security. DNotesVault helps to preserve that trust, for everyone’s benefit.
Manual Review, Confirmation, and Additional Hold
Cold storage and account security are not enough to ensure the protection of your coins in every instance. That is why we intentionally have a hold time, undertake a manual review and audit of withdrawing accounts and recent history, and sometimes even require manual confirmation before releasing your funds from the DNotesVault.
It is our view that mass adoption requires simplicity, and that before we worry about simplicity, we need the best security.
Options and Choices
None of that means that you are without choices, however. While our goal is to provide an online vault environment that offers maximum protections for your hard-earned holdings, we also recognize that some users may feel comfortable managing their own assets outside the vault. There are options that you can use to forgo the security features offered by the DNotesVault, including our Electrum Wallet and Desktop Wallet. These options provide quick access and full control over your funds.
The main point is that DNotesVault was designed and created to serve as a safe and easy-to-access coin storage and management option for our users. Our goal was to simplify DNotes account management in a way that removed technical burdens while maximizing coin security and user peace of mind. However, that additional protection does involve a compromise, trading some speed for security. As time goes on and these systems continue to evolve, we expect to eventually offer a solution that combines speed, security, and user control.
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Wondering what DNotes is all about? Here’s the basics: What is DNotes?• DNotes is a digital currency with a purpose: to serve as a real currency that people can use in their daily lives - unlike other digital currencies that focus on solving niche problems, with no plan to become a real, usable currency. • The DNotes goal is simple: achieve mass adoption and become the world’s first accessible, inclusive, and financially empowering digital currency that benefits everyone around the globe. What are DNotes’ Benefits as a Currency?• DNotes is managed as a business – but not controlled as one. • DNotes success is driven by a profit-generating company, DNotes Global, created to promote mass adoption, protect the currency, and ensure sustainable growth. • DNotes’ unique CRISP savings program rewards DNotes owners with 0.5% interest, every month • DNotes offers staking rewards for stakeholders – at 2% a year. • DNotes provides blockchain invoicing features to simplify merchant acceptance and adoption of the digital currency. What Benefits Does DNotes Global Provide?DNotes Global protects DNotes and its stakeholders, promotes mass adoption, and creates value and utility for the digital currency, including a fully integrated ecosystem. The company provides a unique cross-ownership model, with DNotes owning 25% of DNotes Global (pre-dilution), while the for-profit business maintains a stake in the digital currency. DNotes Global generates profit, creating intrinsic value for the DNotes currency to help create a “floor” for the digital currency’s value. DNotes Global has plans to build a long-term competitive advantage by offering services that utilize DNotes. That strategy will also help to facilitate awareness and adoption of the DNotes currency. Long term competitive advantage DNotes Global will provide in offering services that utilize DNotes. What’s Next? Fully compliant Reg D 506 (c) crowdfunding followed by a Reg A+ Mini-IPO. DNotes Payment Solution Integration into Existing eCommerce Platforms Cold Staking Implementation & More Where can I learn more? Pitch Deck - https://dnotesglobal.com/PitchDeck.pptxPitch Deck Video - https://www.youtube.com/watch?v=XculeWKdbbEWhite Paper - https://dnotesglobal.com/white-paper/Website - http://dnotescoin.com/Blog - http://dnotescoin.com/blog-main-hub/ DNotes PayDNotes Pay DigitalUse: Selling individual products from a website that can be delivered automatically via a download link or directed to a specific webpage without collecting any information from the buyer. Integration: Can be integrated into any PHP website. Instructions: Edit address.txt and add your DNotes addresses, 1 per line. Edit index.php and change the 6 Config values at the top. Upload all files to your web site. Link to this page via hyperlink or button to accept payments. https://www.youtube.com/watch?v=4tLDY3RPSbc&t=545sFeatures: Universal PHP/Javascript script. No database required. Automatic payment confirmation and product delivery. No buyer information required. Script: https://github.com/DNotesCoin/dnotespay-digital-pocDNotes Pay Digital - Wordpress PluginUse: Selling any number of individual products from a Wordpress website that can be delivered automatically via a download link or directed to a specific webpage without collecting any information from the buyer. Integration: Can be integrated into any Wordpress website. Instructions: Download the plugin and install on your Wordpress website. Configure your DNotes Pay payment button. Place the shortcode where ever you would like on your Wordpress website to display the purchase button. https://www.youtube.com/watch?v=OqKmqHiIXGkFeatures: Easily install on any Wordpress website. Sell any number of individual products. Automatic payment confirmation and product delivery. No buyer information required. Download Plugin: https://github.com/DNotesCoin/dnotespay-wp-digital-poc/releasesSource: https://github.com/DNotesCoin/dnotespay-wp-digital-pocDNotes Pay SoftwareUse: Selling software on a Pay Per Period or lifetime purchase automatically and without collecting any information from the buyer. Integration: Can be integrated into any program, C# example provided. Instructions: For C# and .NET applications, modify the code example and integrate into your program. https://www.youtube.com/watch?v=9myDnwR7SF0Features: Automatically accept payments for use of your software. Novel Pay Per Period model. Add in any additional security your program may require. No additional requirements. Script: https://github.com/DNotesCoin/dnotespay-sw-pocWhat's next?PHP script for custom shopping cart integration. DNotes 2.0 Frequently Asked Questions: Q: What is new with DNotes 2.0?A: DNotes 2.0 is a major improvement on the original DNotes blockchain. The new blockchain will allow DNotes and its partner company DNotes Global to achieve its objective to connect DNotes to the modern world of finance and commerce. The new blockchain is faster, more secure, and consumes only a fraction of the electricity. It also allows custom invoices to be created and attached to transactions, and changes the economic incentives of the network to one that encourages savings with the switch to the Proof-Of-Stake algorithm, and paying 0.5% interest on balances that haven’t moved from a wallet address in a 30 day period (~6% per annum). Specifications POS 2% Annualized Staking Reward Individual blocks reward will be Current Total Coins / 525,600 * 0.02 60 Second Block Target 0.005 Transaction Fee Source: https://github.com/DNotesCoin/DNotes2.0Download Wallet: http://dnotescoin.com/#DownloadDirectory DNotes2 (C:\Users\USERNAME\AppData\Roaming\DNotes2 on Windows) CONF dnotes.conf (all lower case) DNotes 2.0 Features Switch to PoS CRISP Reward - 0.5% interest every 30 days. Awarded by address. Calculated on a 30 day cycle. Automated Invoicing (First Phase) - Integrated blockchain invoice number There will be a soft deadline where DNotes mined after that block will not be redeemable for 2.0 coins: 4/16/2018 Block# 2180897 133,574,552 Will be the total swappable amount of DNotes we create +20,000,000 Allocated to DNotes Global, Inc for Development & Growth Fund 153,574,552 Total DNotes 2.0 Created The next update (TBD) will include: Deferred Staking Q: How do I swap my coins? (after April 16th)A: The DNotes coin swap process will now be done through a private fork of the legacy DNotes blockchain. We have created this fork to ensure that legacy DNotes holders are still able to swap their legacy DNotes for DNotes 2.0 long after the deadline, in the event they missed the swap. This also ensures we will not be accepting newly purchased or mined DNotes, protecting our users and network. In order to swap your coins, you will need the following DNotes v1.3 wallet, which you can download here: http://dnotescoin.com/DNotes/dnotes-qt1-3.zipYou will need to copy your wallet.dat or wallet backup file to C:\Users\USERNAME\AppData\Roaming\DNotes1-3 directory, open the wallet application and allow it to update. Next, you will need an address to send your legacy DNotes in to for the coin swap, you can generate a legacy address with the following instructions: Create a DNotesVault.com account if you don’t already have one. Login to your DNotesVault.com account, and click the HISTORIC tab at the top. Click Create Address, and send your DNotes to the address you just created. Coin swaps will be processed once a month until further notice. Q: What is the cutoff date for mined DNotes that can be swapped to the new DNotes blockchain?A: We have set April 16th 2018 as the soft deadline. No DNotes mined after this date will be eligible to be swapped to DNotes running on the new blockchain. We will continue swap DNotes after that date, however the process will not be as easy and will take more time. Any DNotes 1.x purchased on exchanges after the 16th will not be eligible for the swap. Q: Will DNotes 2.0 be listed on new exchanges?We are currently listed on: https://mercatox.com/exchange/NOTE/BTChttps://stocks.exchange/trade/NOTE/BTChttps://www.nlexch.com/markets/notebtchttps://bitebtc.com/trade/note_btcBeta or Future Exchanges we are working with: https://blockbid.io/Q: Are the new DNotes 2.0 coins worth the same as the old coins?A: Yes, they are worth exactly the same. However we can not predict what price movements will occur at exchanges once DNotes is relisted using the new coins. Q: I have Mac or Specific Linux OS, will there be wallets for these? A: Yes! We currently have Windows / Mac / Linux Mint / Ubuntu Desktop wallets at DNotesCoin.com. If you need something else, please let us know. Q: Where is the block explorer? A: https://chainz.cryptoid.info/note/StakingQ: What is Staking?A: Staking your coins helps to support the DNotes network, and the network currently pays out roughly 5 DNotes every minute to one address on the network based on a probability that centers on how many coins the user is staking with as a percentage of the total number of coins being staked on the network. The DNotes network pays out ~2% of the total number of coins per annum. If 100% of DNotes were being used to stake on the network, then by probability each user could expect 2% growth in the number of coins they have. If only 50% of coins are used to stake, then those users could expect approximately 4% growth that year. Q: Can I stake my coins on the DNotesVault?A: You cannot currently stake your coins that are on the DNotesVault, you will need to withdraw your DNotes 2.0 to a local wallet and stake your coins from your local wallet. We will in a future release incorporate cold staking, which will allow you stake your coins while they are safely tucked away inside the DNotesVault. However, we do not have an ETA, it will be one of our highest priorities for next upgrades. Q: How do I stake?Disclaimer: It is recommended that you properly secure your computer and wallet, as well as make proper backups, before attempting to run your own staking wallet. Failure to properly secure your DNotes may result in loss or theft. If you are not familiar with the process, please start off small and familiarize yourself with the process. You will need to download the DNotes QT wallet here: http://dnotescoin.com/#DownloadInstall the wallet (and we recommend creating a backup, after encrypting your wallet) Go to settings, and then ‘encrypt wallet’. Enter your password twice (and do NOT forget it, or you will not be able to access the wallet and we can not help you). Go to settings, and then ‘unlock wallet’, enter your password, and select “for staking only”. This will prevent any transfers from being made from your wallet without the password while you stake your coins. Soon the arrow at the bottom will turn green. This means that your coins are now staking. Video: https://youtu.be/bR66LWPRzAUQ: How do I get the most out of my staking efforts? A: There is no trick to staking efficiently. The factors involved are your coin weight versus the network coin weight and coin weight is the number of coins currently staking. The age does not matter, nor does how you divide or move your coins around. Q: How much can I earn staking? A: That depends on how many coins you are staking and how many coins are being staked on the network. The blockchain distributes Current Total Coins / 525,600 * 0.02 every block, or every 60 seconds. You may calculate how often you are chosen to receive the block reward by dividing your network weight verse your weight. If network weight is 100, and your weight is 5, then you would be chosen for block reward 5 blocks out of every 100. CRISPQ: Can I get CRISP reward AND stake at the same time? A: Yes, the system is designed to allow you to receive CRISP on a wallet you are staking Q: What is the CRISP reward structure? A: CRISP periods are every 43,200 blocks (30 days). Payments start 10,080 blocks (1 week) from the end of the CRISP period. Q: What do I need to do to earn CRISP? A: Keep your coins in the same address for the full CRISP period 30 days, set every 43,200 blocks. Q: When will I receive CRISP payments? A: The next payouts are as follows: May 1 - Ends first CRISP period. May 8 - Payout starts. (Virtually no one will receive this payout) June 2 - Ends second CRISP period June 10 - Payout starts Roughly. Q: Do I get CRISP payments at the DNotesVault? A: Yes! You get CRISP inside the DNotesVault, or at any address you control, such as a Desktop wallet. Though I won't suspect you will be able to get CRISP rewards from the exchanges or other online providers. Q: Where do the CRISP coins come from? A: The blockchain, these are newly created coins and have now become part of the new coin distribution, just like the staking reward. Q: How do I earn the interest reward?A: Our Cryptocurrency Investment Savings Plan (CRISP) payouts occur approximately once per month. All coins that haven’t moved address during that month period will accrue a 0.5% interest, which compounds to roughly 6.17% per annum. If you move your coins during that time, those coins will not receive the interest for that month. |
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Thank you sarabanda, we will look into it. Do you have information regarding the founding company, it's registration information, and who is running the exchange? 2018 Artis Turba (Pty) Ltd, Registration Number 2012/127321/07, South Africa. Please send him message to talking about details: info@artisturba.comThanks! We will take a further look into it. |
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Got the key points. Dnotes can help entrepreneur get successful bussiness with its game-changing platform which mainly based on blockchain technology and develop further with amazing ideas from Dnotes team. Thank you for the given Youtube video. Thank you futurecapitano! You're absolutely correct, Four Pillars, business consulting services, and NextGenVC will be major contributors to the success of DNotes. |
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Good article Brandon, interesting concept. There is certainly a correlation between your current financial state and the economic power it yields. |
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Thank you sarabanda, we will look into it. Do you have information regarding the founding company, it's registration information, and who is running the exchange? |
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I read through the whitepaper of DNotes, it made me excited and saw the value of the token. How can we exploit the DNotes token? Does bounty or airdrop happen? And what is the next intended team?
Welcome aovu3k, thank you. DNotesEDU is currently holding a giveaway, https://dnotesedu.com/2018/08/making-dnotes-accessible-to-all-giveaway/. If you are interested to help us promote DNotes you may email tim@dnotescoin.com to join our promotional program. We are currently working on a few additions to DNotes Pay, our Reg D 506 (c) funding effort for DNotes Global, Inc, and the Four Pillars audio book. Once we have successfully acquired funding, we intend to ramp up rapidly and begin working on our Reg A+ Mini-IPO crowdfunding for accredited and non-accredited investors. |
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Just a heads up, I will be working on moving Four Pillars of Business Success website. It is possible it may be down temporarily.
https://fourpillarsofbusinesssuccess.com/ is back up and running, please let me know if you run into any issues. |
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Just a heads up, I will be working on moving Four Pillars of Business Success website. It is possible it may be down temporarily.
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 Making DNotes Accessible To All (Giveaway) https://dnotesedu.com/2018/08/making-dnotes-accessible-to-all-giveaway/In the spirit of DNotes Global Inc‘s push toward digital currency mass adoption, DNotesEDU is making a concerted effort to get DNotes into the hands of the people. DNotesEDU is giving away 100 DNotes to 100 people, and multiple entrants will also receive 1000 DNotes. All you have to do is leave a comment below this article ( https://dnotesedu.com/2018/08/making-dnotes-accessible-to-all-giveaway/) with: -Your first name -Your country -The story of how you make your living -How you heard about cryptocurrency -Your DNotes address to receive payment For beginners, the easiest and safest way to create a DNotes address is to sign up at https://dnotesvault.comThe entries DNotesEDU find to be most inspirational will receive an additional 1000 DNotes, and we will also publish your own featured DNotesEDU article, telling the world your story, and sharing your DNotes address to help fund your dreams. This giveaway is intended for low average income nations whose people may not have money to buy cryptocurrency of their own. The following nations qualify:Afghanistan, Albania, Algeria, Angola, Armenia, Azerbaijan, Bangladesh, Belarus, Belize, Benin, Bhutan, Bolivia, Bosnia, Burkina Faso, Burundi, Cambodia, Cameroon, Djibouti, East Timor, Egypt, El Salvador, Eritrea, Ethiopia, Fiji, Gambia, Georgia, Ghana, Guatemala, Guinea, Guyana, Haiti, Honduras, India, Indonesia, Iran, Iraq, Ivory Coast, Jamaica, Jordan, Kenya, Kiribati, Kyrgyzstan, Laos, Lesotho, Liberia, Madagascar, Malawi, Mali, Marshall Islands, Mauritania, Micronesia, Moldova, Mongolia, Morocco, Mozambique, Myanmar, Namibia, Nepal, Nicaragua, Niger, Nigeria, North Korea, Pakistan, Papua New Guinea, Paraguay, Philippines, Republic of Macedonia, Rwanda, Samoa, Sao Tome and Principe, Senegal, Sierra Leone, Solomon Islands, Somalia, South Africa, Sri Lanka, Sudan, Swaziland, Syria, Tajikistan, Tanzania, Togo, Tonga, Tunisia, Tuvalu, Uganda, Ukraine, Uzbekistan, Vanuatu, Vietnam, Yemen, Zambia, and Zimbabwe. This is an ongoing giveaway and there will be no set deadline.*This post is Bitcointalk forum rule compliant https://bitcointalk.org/index.php?topic=780979.0Great job on the giveaway, there are about 40 responses so far. Very interesting to read through. There is one comment of a person who got some bitcoin from a friend, taught him about trading so that he can earn some money. He worked several jobs and started trading, saved his money, all of which allowed him to open several local stores and now employs 4 employees. https://dnotesedu.com/2018/08/making-dnotes-accessible-to-all-giveaway/ |
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