DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[R-J-F]

Nd now, something completly different:

Smokey's Daylilies doing well in Maryland. Happy by the Bay:

https://drive.google.com/drive/folders/1oty1oiHssvUOZ5i-3ndQDL_k2S_noZ9W?usp=sharing

[TeeGee]

Whooo I have seen there is a really nice increase in price and volume of DNotes It is by my opinion still undervalued, but it is nice to see it gaining value and volume.

It seems that finally more people started to notice the great work of the team behind the coin and recognized that they know what they are doing and can be trusted, as I was saying for a long time now

There could be a bunch of reasons why DNotes is beginning to rise at the exchanges. My main guess would be that high net-worth potential investors in our Reg D may be taking notice, and deciding to invest in DNotes currency. We have been filming for the blockchain super stars documentary which could also play a role. That said, given the price rises, DNotes still remains incredibly undervalued, and DNotes will continue to grow as we gain increased exposure and list on more exchanges.

[DNotes]

Nd now, something completly different:

Smokey's Daylilies doing well in Maryland. Happy by the Bay:

https://drive.google.com/drive/folders/1oty1oiHssvUOZ5i-3ndQDL_k2S_noZ9W?usp=sharing

Awesome RJF, thanks for sharing! It is just about blooming season, I hope to have time to visit the gardens in full bloom.

[MiningHabit]

We have been filming for the blockchain super stars documentary

https://bitcoinmarketshare.com/blockchain-superstars-tv-series/

I just saw this today. Super cool! Anything more you can mention on the show? The article gave a nice teaser, but there was little on detail. Documentary or journalistic type show? Reality TV type of thing? Apprentice style competition? Other?

[DNotes]

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/DNotes2.0
Download Wallet: http://dnotescoin.com/#Download
Directory 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.zip
You 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/BTC
https://stocks.exchange/trade/NOTE/BTC
https://dashboard.listex.io/trading/notebtc
https://www.nlexch.com/markets/notebtc
https://bitebtc.com/trade/note_btc

We are actively working with and in active communication:
https://www.coinexchange.io

Beta 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/


Staking

Q: 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/#Download

Install 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/bR66LWPRzAU

Q: 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.



CRISP

Q: 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.

[DNotes]

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.pptx
Pitch Deck Video - https://www.youtube.com/watch?v=XculeWKdbbE
White Paper - https://dnotesglobal.com/white-paper/
Website - http://dnotescoin.com/
Blog - http://dnotescoin.com/blog-main-hub/

[bitcoinmarketshare]

We have been filming for the blockchain super stars documentary

https://bitcoinmarketshare.com/blockchain-superstars-tv-series/

I just saw this today. Super cool! Anything more you can mention on the show? The article gave a nice teaser, but there was little on detail. Documentary or journalistic type show? Reality TV type of thing? Apprentice-style competition? Other?

That's all we know so far but will update the information as we find out more. Perhaps someone at DNotes can fill in the blanks for us?

[DNotes]

We have been filming for the blockchain super stars documentary

https://bitcoinmarketshare.com/blockchain-superstars-tv-series/

I just saw this today. Super cool! Anything more you can mention on the show? The article gave a nice teaser, but there was little on detail. Documentary or journalistic type show? Reality TV type of thing? Apprentice-style competition? Other?

That's all we know so far but will update the information as we find out more. Perhaps someone at DNotes can fill in the blanks for us?

Recognizing the considerable exposure opportunity and their interest in DNotes and DNotes Global, we made the difficult decision to go ahead despite our already over full plates. They are very interested to feature DNotes along with other solid blockchain projects that deserve and need to be highlighted in our industry. It is very clear they have a deeply rooted interest in the industry and wish to make everyone aware of the amazing things that are happening in blockchain.

We are currently in the process of working with their team and filming the interview segments. As soon as we have more information to share, we will let everyone know.

[wiser]

Recognizing the considerable exposure opportunity and their interest in DNotes and DNotes Global, we made the difficult decision to go ahead despite our already over full plates. They are very interested to feature DNotes along with other solid blockchain projects that deserve and need to be highlighted in our industry. It is very clear they have a deeply rooted interest in the industry and wish to make everyone aware of the amazing things that are happening in blockchain.

We are currently in the process of working with their team and filming the interview segments. As soon as we have more information to share, we will let everyone know.

I agree it was a good decision to go for it. I think it will give DNotes and DNotes Global the type of exposure beyond the current group of people involved in cryptocurrencies, and that will help pave the way for mass adoption worldwide.

[DCEBrief]

Allianz Analyst El-Erian: Bitcoin Unlikely to Become Currency

https://dcebrief.com/allianz-analyst-el-erian-bitcoin-unlikely-to-become-currency/

[DNotesEDU]

The State of Global Cryptocurrency Regulation

https://dnotesedu.com/2018/07/the-state-of-global-cryptocurrency-regulation/

[Dyna]

The State of Global Cryptocurrency Regulation

https://dnotesedu.com/2018/07/the-state-of-global-cryptocurrency-regulation/

Thanks, DNotesEDU.

Technologies always evolve and often get ahead of regulations. It is even more apparent in the cryptocurrency space, thanks to ICOs (Initial Coin Offerings). Maintaining a delicate balance is crucial to allow for innovations with reasonable consumer protection.   

[TeeGee]

The State of Global Cryptocurrency Regulation

https://dnotesedu.com/2018/07/the-state-of-global-cryptocurrency-regulation/

Thanks, DNotesEDU.

Technologies always evolve and often get ahead of regulations. It is even more apparent in the cryptocurrency space, thanks to ICOs (Initial Coin Offerings). Maintaining a delicate balance is crucial to allow for innovations with reasonable consumer protection.   

Not only that, but it's a delicate balance that pioneers and innovators must follow if they want to get ahead without repercussions. Kind of like how the first man through the door gets shot.

Everyone needs to follow thorough cost/benefit analysis to see whether their chosen strategy is truly beneficial to them. A lot of ventures have decided that their decentralised nature makes them somewhat impervious to government oversight once created, and have ascertained funding with that mindset. I can't say for certain if that is wise or not-- but these groups may end up being wrong in thinking that decentralised networks make them exempt from laws designed to protect users in centralised environments.   

[AlCamus]

Third CRISP period ends today?

[TeeGee]

At the time of writing, we are at about block 124,150, this CRISP period will end at block 129,600. By my estimate that will take another three or so days to reach.

[DCEBrief]

DNotes Smart Invoicing - Merchant Services Built into the Blockchain

https://dcebrief.com/dnotes-smart-invoicing-merchant-services-built-into-the-blockchain/

[DNotes]

DNotes Smart Invoicing - Merchant Services Built into the Blockchain

https://dcebrief.com/dnotes-smart-invoicing-merchant-services-built-into-the-blockchain/

Well done Brandon! Good timing as well.

We have just added a few invoice API's to the ABE block explorer. You may view them here:
https://explorer.dnotescoin.com/chain/DNotes/q

Invoice related API's added:
invoice - amount paid and number of confirmations for a particular invoice and recipient address.
invoiceamount - amount paid for a particular invoice and recipient address.
invoiceconfirmation - number of confirmations for a particular invoice and recipient address.

We've also added:
address_history - returns the history of the address balance and transactions.

Example:
https://explorer.dnotescoin.com/chain/DNotes/q/invoice/DNOTESADDRESS+INVOICENUMBER
https://explorer.dnotescoin.com/chain/DNotes/q/invoice/SZ84u9Riadtq6WQAxj7MGgtfXae7f91f96+213091203012983asdjasdnasidn
Returns
10,2674
Meaning that 10 DNotes were paid to that address and invoice number and there are 2674 confirmations.

This will make it easy to verify an invoice from a simple Abe block explorer API call. The invoice number integration has multiple applications and will assist in automated multiple facets of business, payments, and accounting, however we are focusing on a narrow range of simplified use cases right now. They will make it possible to accept decentralized payments while keeping your wallet safely offline, create new payment models that were previously not possible, and make accepting automatic payments available to a greater number of people especially those with more limited resources.

One of the most amazing things about decentralized digital currency is it provides people with many choices and options that can fit their needs.

There will be different options and proof of concepts made available on our github open source directory.

The first proof of concepts will be the highest ease of use and integration capabilities, with the least possible requirements. I will describe the process in more detail below.

The second proof of concepts will be slightly more complicated to use and integrate, however we will add in some security features needed for more commercial use applications. These will still be easier to integrate than most payment system available today, still won't require a third party, however won't have the same requirements and overhead as the corporate version of cryptocurrency payment integration.

Then we will work on integration into popular payment systems already available and move into the third round of proof of concepts.

The third round of proof of concepts will be the full blown integration that will be needed for corporation and big business integrations. This is where most of the industry is focused right now, as well as middle man integrations, in terms of creating solutions, because that is where the big money is. However, we are more interested in making access available to everyone with the least hassle and least cost as our first objective.

Just a note, I cannot provide a timeline just yet, we will likely have to work on other things in between.

First Round of Proof of Concepts Examples

Selling a digital product online:
Examples - Ebooks, Audio and Music, Information Products, Software, virtually anything digital works.
Description - As with below, this will allow the seller to sell a product for whatever they want, even it's only a $0.05 product, that was not previously possible with traditional payment models unless you wanted charge $0.80 with $0.75 paid in fees.
-The seller will need a website, easily configure 5 variables in the script and upload the script to their website, and add any design to it that they like. This can be done in just a few minutes of time, and there is nearly no technical experience required.
-The buyer will be directed to the webpage where the script is located, be shown a payment address (with the invoice number attached), and an amount of DNotes to pay (on the back end it will determine and convert the dollar amount configured into an amount of DNotes to pay via exchange API calls). The website will continue to call the explorer API and determine if the payment has been made and how many confirmations, once it reaches the number of confirmations specified by the seller, it will release the digital product to the user to download immediately. If the confirmations is set to 0, it will be instantly delivered.
Though 0 confirmations is not very secure, because theoretically that makes it vulnerable to double spend attacks, it may not matter to the seller. There is no guaranteed way to secure digital products right now, if they want to steal it, they will find a way. 0 confirmations just makes it more convenient for those that are willing to pay for the product.

Selling Software Pay Per Use / Period
Description - This is the part I mentioned before about new payment models that were not previously possible or feasible. If you are a software developer and your users would like to use your software occasionally, you can have an option that allows them to pay for 1 hour / 1 day / 1 week / 1 month / forever or whatever they want. This is a superior and potentially more profitable model for the seller while offering the buyer the ability to use and pay on their terms. It gives them the ability to use a fully functioning software the way they want, without having to worry about fees, processing micro payments, and actually making it possible to sell $1.00 worth of something without it costing you more in fees and middle men than you get out of it.
-The seller in this case incorporates our open source scripts and configures a couple variables. Doesn't even need a website or a server.
-The buyer will be prompted with the payment options and then be presented a payment address (with the invoice number attached), and an amount of DNotes to pay (on the back end it will determine and convert the dollar amount configured into an amount of DNotes to pay via exchange API calls). The program will continue to call the explorer API and determine if the payment has been made and how many confirmations, once it reaches the number of confirmations specified by the seller, it will release access to use the software immediately.

[Dyna]

DNotes Smart Invoicing - Merchant Services Built into the Blockchain

https://dcebrief.com/dnotes-smart-invoicing-merchant-services-built-into-the-blockchain/

Well done Brandon! Good timing as well.

We have just added a few invoice API's to the ABE block explorer. You may view them here:
https://explorer.dnotescoin.com/chain/DNotes/q

Invoice related API's added:
invoice - amount paid and number of confirmations for a particular invoice and recipient address.
invoiceamount - amount paid for a particular invoice and recipient address.
invoiceconfirmation - number of confirmations for a particular invoice and recipient address.

We've also added:
address_history - returns the history of the address balance and transactions.

Example:
https://explorer.dnotescoin.com/chain/DNotes/q/invoice/DNOTESADDRESS+INVOICENUMBER
https://explorer.dnotescoin.com/chain/DNotes/q/invoice/SZ84u9Riadtq6WQAxj7MGgtfXae7f91f96+213091203012983asdjasdnasidn
Returns
10,2674
Meaning that 10 DNotes were paid to that address and invoice number and there are 2674 confirmations.

This will make it easy to verify an invoice from a simple Abe block explorer API call. The invoice number integration has multiple applications and will assist in automated multiple facets of business, payments, and accounting, however we are focusing on a narrow range of simplified use cases right now. They will make it possible to accept decentralized payments while keeping your wallet safely offline, create new payment models that were previously not possible, and make accepting automatic payments available to a greater number of people especially those with more limited resources.

One of the most amazing things about decentralized digital currency is it provides people with many choices and options that can fit their needs.

There will be different options and proof of concepts made available on our github open source directory.

The first proof of concepts will be the highest ease of use and integration capabilities, with the least possible requirements. I will describe the process in more detail below.

The second proof of concepts will be slightly more complicated to use and integrate, however we will add in some security features needed for more commercial use applications. These will still be easier to integrate than most payment system available today, still won't require a third party, however won't have the same requirements and overhead as the corporate version of cryptocurrency payment integration.

Then we will work on integration into popular payment systems already available and move into the third round of proof of concepts.

The third round of proof of concepts will be the full blown integration that will be needed for corporation and big business integrations. This is where most of the industry is focused right now, as well as middle man integrations, in terms of creating solutions, because that is where the big money is. However, we are more interested in making access available to everyone with the least hassle and least cost as our first objective.

Just a note, I cannot provide a timeline just yet, we will likely have to work on other things in between.

First Round of Proof of Concepts Examples

Selling a digital product online:
Examples - Ebooks, Audio and Music, Information Products, Software, virtually anything digital works.
Description - As with below, this will allow the seller to sell a product for whatever they want, even it's only a $0.05 product, that was not previously possible with traditional payment models unless you wanted charge $0.80 with $0.75 paid in fees.
-The seller will need a website, easily configure 5 variables in the script and upload the script to their website, and add any design to it that they like. This can be done in just a few minutes of time, and there is nearly no technical experience required.
-The buyer will be directed to the webpage where the script is located, be shown a payment address (with the invoice number attached), and an amount of DNotes to pay (on the back end it will determine and convert the dollar amount configured into an amount of DNotes to pay via exchange API calls). The website will continue to call the explorer API and determine if the payment has been made and how many confirmations, once it reaches the number of confirmations specified by the seller, it will release the digital product to the user to download immediately. If the confirmations is set to 0, it will be instantly delivered.
Though 0 confirmations is not very secure, because theoretically that makes it vulnerable to double spend attacks, it may not matter to the seller. There is no guaranteed way to secure digital products right now, if they want to steal it, they will find a way. 0 confirmations just makes it more convenient for those that are willing to pay for the product.

Selling Software Pay Per Use / Period
Description - This is the part I mentioned before about new payment models that were not previously possible or feasible. If you are a software developer and your users would like to use your software occasionally, you can have an option that allows them to pay for 1 hour / 1 day / 1 week / 1 month / forever or whatever they want. This is a superior and potentially more profitable model for the seller while offering the buyer the ability to use and pay on their terms. It gives them the ability to use a fully functioning software the way they want, without having to worry about fees, processing micro payments, and actually making it possible to sell $1.00 worth of something without it costing you more in fees and middle men than you get out of it.
-The seller in this case incorporates our open source scripts and configures a couple variables. Doesn't even need a website or a server.
-The buyer will be prompted with the payment options and then be presented a payment address (with the invoice number attached), and an amount of DNotes to pay (on the back end it will determine and convert the dollar amount configured into an amount of DNotes to pay via exchange API calls). The program will continue to call the explorer API and determine if the payment has been made and how many confirmations, once it reaches the number of confirmations specified by the seller, it will release access to use the software immediately.

Thank you, Brandon and Joe.

Another big step forward towards mass adoption of DNotes as an inclusive trusted digital currency in global commerce. We are relentlessly committed to making DNotes useful and purposeful so that everyone worldwide can participate and benefit from our success.

[DNotes]

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/DNotes2.0
Download Wallet: http://dnotescoin.com/#Download
Directory 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.zip
You 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/BTC
https://stocks.exchange/trade/NOTE/BTC
https://dashboard.listex.io/trading/notebtc
https://www.nlexch.com/markets/notebtc
https://bitebtc.com/trade/note_btc

We are actively working with and in active communication:
https://www.coinexchange.io

Beta 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/


Staking

Q: 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/#Download

Install 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/bR66LWPRzAU

Q: 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.



CRISP

Q: 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.

[DNotes]

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.pptx
Pitch Deck Video - https://www.youtube.com/watch?v=XculeWKdbbE
White Paper - https://dnotesglobal.com/white-paper/
Website - http://dnotescoin.com/
Blog - http://dnotescoin.com/blog-main-hub/