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Author Topic: ANN [DEC] DECO - Multi-signature transactions. Cryptocurrencies to mainstream.  (Read 827 times)
Kiwihub
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September 12, 2017, 11:17:38 PM
 #1

Hi Everyone,

I’m Sergey, the founder of Esperite Limited and the Kiwi Hub platform. I just opened an account on Bitcointalk to make this announcement and answer all the questions you may have regarding our platform and DECO (Digital ECOnomy) token sale.

We are a self-funded startup company based in Auckland, New Zealand, established in 2015. We are creating a platform that integrates all major city services together around end-user experience in real time. From the very beginning, the technologies, infrastructure, backend and frontend services were built to support global adoption. Up until 2019, we are going to focus on New Zealand. In 2019, when we develop and prove the businesses model we will expand to the other regions.

This year, we released the public transport portion of our platform for three major New Zealand cities, and we have over 20,000 unique daily active users, with that number continually growing.

We position ourselves between consumers and businesses, which is a good place to be to facilitate payment transactions.

When we started talking with takeaway services (e.g., coffee shops, juice, sushi) and taxi companies, we discovered that they are paying enormous fees to banks and payment gateways. In some cases, fees amounted to 15% (with average transactions between $5 to $20) per transaction when including all hidden expenses. There is no way for them to innovate with these fees.

This is the main reason behind the DECO token. We call it DECO currency because we plan to use it heavily within the multi-signature transaction protocol as a medium of exchange that integrates off-chain and blockchain communication to make the use of cryptocurrency as easy as possible for consumers and businesses.

DECO tokens will not belong to us or anyone else; we are not going to pre-mine them or pre-allocate before sale events. We are not going to dilute their value by issuing more of them after the sale events. Token code does not have any backdoors or a way to pause or mint more after the crowdsale ends. The Deco token is designed to be unstoppable, independent, and non-inflationary.

DECO is an ERC223 token that is fully backwards compatible with the ERC20 standard, though it includes some additional features that were needed to properly implement multi-signature transaction protocol. The token code has been audited by Hosho Group, a smart contract auditing service.

DECO currency is going to be traded on major exchanges in December this year.

Resources:

Website: https://decocurrency.com
Whitepaper: https://decocurrency.com/assets/deco-whitepaper.pdf

What we do: https://decocurrency.com/#whatwedo


Token distribution schedule

Presale with 50% discount: (Only 5% is going to be distributed within no more then 30 days)

1 October 2017 00:00 UTC – 31 October 2017 00:00 UTC

1 ETH = 6000 DEC

Crowdsale event: (maximum 180 days)

1 to 30 November  ~25% discount (1 ETH = 4000 DEC)
1 to 30 December - 20% discount (1 ETH = 3750 DEC)
31 December to 29 January ~15% discount (1 ETH = 3529 DEC)
30 January to 28 February ~10% discount (1 ETH = 3333 DEC)
1 to 30 March - 5% discount (1 ETH = 3157 DEC)
31 March to 29 April - 0% discount (1 ETH = 3000 DEC)

Remaining tokens will be gradually distributed as a reward to all the contributors, proportionate to the amounts of DECO tokens received during the sale events.
 
Reward distribution rate is calculated to be no more than 1% per year from the amount of tokens distributed during the crowdsale. Reward tokens distribution may last 80 or more years to keep the currency inflation low.
 
All the participants, including those with the minimum contributed 0.01 ETH, will be entitled to request a reward from the DECO distributor smart contract.
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tsaroz
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September 12, 2017, 11:27:13 PM
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So, there's a token and there's a company (Kiwi Hub by Esperite).
are there any links between them? I mean the promoter may be same but would the token be used for Kiwi Hub?

Kiwihub
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September 12, 2017, 11:34:33 PM
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Thank you for the question Tsaroz. Yes, we plan to use DECO tokens on Kiwi Hub platform in the real environment to facilitate transactions between consumers and businesses, within New Zealand in 2018 and globally from 2019.
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September 13, 2017, 12:10:33 AM
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whether there is a campaign or airdrop reward campaign plan.
participation from many people to succeed this project
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September 13, 2017, 02:00:59 AM
 #5

Bounties programs?

Kiwihub
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September 13, 2017, 06:58:40 AM
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We will consider bounty in October, but DECO tokens won't be given away for this. Like New Zealand we want this token to be 100% pure Smiley with no dilution.
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September 30, 2017, 10:34:16 PM
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Hi Everyone,

The Deco token presale starts in an hour.

Additional Resources:

What is Deco and Kiwi Hub platform — Interview by ICO Alert - https://decocurrency.com/?page_id=3178
Deco token security audit report - https://decocurrency.com/assets/deco-contract-audit.pdf
Crowdsale schedule - https://decocurrency.com

Post-Crowdsale Reward:

The remaining 45% or more will be autonomously distributed as a reward to all the contributors, proportionate to the amount of DECO tokens received during the sale events. Reward distribution rate is calculated to be no more than 1% per year from the amount of tokens distributed during the crowdsale. Reward tokens distribution may last 80 or more years to keep the increase of the currency in circulation very low (less than 1% and decreasing towards ~0 over time).
 
All the participants, including those with the minimum contributed 0.01 ETH, will be entitled to request a reward from the DECO distributor smart contract.

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September 30, 2017, 10:53:57 PM
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So to get that reward we just have to hold that token (automatic) or we need to contact the devs with the proof of our stake?

Kiwihub
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September 30, 2017, 10:57:32 PM
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So to get that reward we just have to hold that token (automatic) or we need to contact the devs with the proof of our stake?

You can think about it like it is mining, but only for those who participated in the crowdsale (some sort of Proof of Contribution). Even if some people contribute only 0.01 ETH, they will be able to release their extra portion from the Deco distributor contract over time. This rewards can be requested ones a day, a week or a year, they are commutative and the distributor smart contract has all public functions exposed to see what the payable reward for the particle address is and how much of them is already released.
 
Contributors just need to call “Request Reward” function starting from 1 May 2018 from their address and the Deco Distributor contract will automatically release a portion of the Deco tokens to them.
 
The Deco Distributor contract has the functionality for changing the ownership for the remaining tokens from one address to another. In other words, anyone can pass the remaining tokens as the inheritance or just simply sell the ability to receive the Deco tokens in the future.
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October 03, 2017, 11:03:58 PM
 #10

For those who are interested in the bounty program or have a bounty program managing experience, please read the initial announcement here: https://bitcointalk.org/index.php?topic=2234906.0
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