Bitcoin Forum
November 26, 2022, 01:20:58 PM *
News: Reminder: do not keep your money in online accounts
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [ANN] DéMars - 🔥 DMC App - Stellar Wallet and ZAR Anchor  (Read 321 times)
Hatter_MU (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile WWW
October 23, 2018, 05:45:11 AM
Last edit: February 22, 2019, 10:11:52 AM by Hatter_MU
 #1

INTRO

A Stellar mobile wallet, anchor and merchant processing solution for Southern Africa.

THE SOLUTION

Migrants are able to pool their collateral and benefit from collective buying power, so they don't pay high bank charges and remittance fees.

THE BUSINESS

- A simple revenue model of 1% per Fiat ZAR/Crypto Rand exchange.


THE MARKET

- Migrants in South Africa "officially" remit $1.3 Billion a year.
- The average remittance is $55
- At a cost of over 13%

COMPETITIVE ADVANTAGES

- 1 ZAR = 1 Crypto Rand (RAND)
- Users don't need a bank account     
- No technical risk, built on Stellar and exchanges through XLM
- Transparent fee model
- First to market
- A unique stable payment token, Nickels (NKLS), which equal $5c

TOKENOMICS

- All RAND Crypto Assets are collateralised by ZAR fiat
- Nickels are backed by a basket of commodities

VISION

- The first phase is the ZAR stablecoin remittance solution
- Second phase is to provide vendors with a processing solution, so remitters can pay school fees and medical direct
- Phase three is to replicate this solution in East Africa.

https://www.demars.io
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1669468858
Hero Member
*
Offline Offline

Posts: 1669468858

View Profile Personal Message (Offline)

Ignore
1669468858
Reply with quote  #2

1669468858
Report to moderator
5thangel
Hero Member
*****
Offline Offline

Activity: 896
Merit: 508


View Profile WWW
October 23, 2018, 06:17:56 AM
 #2

Who do you see as your main competitor in crypto? I saw a few very similar projects in recent months.
bulala
Full Member
***
Offline Offline

Activity: 574
Merit: 105


View Profile
October 23, 2018, 09:27:49 AM
 #3

this is a great innovation and if u r able make a good use of crypto and fiat money then we will all be happy and it will solve major problems of transfare.
mashort
Member
**
Offline Offline

Activity: 281
Merit: 10


View Profile
October 25, 2018, 10:21:05 AM
 #4

what first impressed me about DMC is there solid infrastructure. it seems to capture the heart of how to make people use crypto- less data
Looking at Africa mass digital consumption/usage market it's been conquered by those companies that have been able to enable users spend less data- operamini and such. If DMC brings this to crypto, it has a great chance. DMC could be crypto-fiat bridge, all done on mobile phones.
phucdigan
Full Member
***
Offline Offline

Activity: 490
Merit: 103


View Profile
October 25, 2018, 10:31:27 AM
 #5

10% of the DMC supply to the dev team is quite high, I expect that money will be locked for at least 6 months.
Why did the team decide not to set up the soft cap?
I think $ 20M is too high expectations, what if it can not be reached?
Spooknow
Sr. Member
****
Offline Offline

Activity: 546
Merit: 253



View Profile
October 25, 2018, 03:48:22 PM
 #6

As time shows, banking projects, though well collected, but then work very poorly. How will you fix it?
After all, in fact, no one will give you a license for banking from regulators, and without it, the whole project simply cannot be realized.
Krezz2017
Full Member
***
Offline Offline

Activity: 560
Merit: 128



View Profile
October 25, 2018, 04:05:43 PM
 #7

I'm worried about the next item. "Limited storage and data transfer requirements allow the network to run on fully autonomous mobile phone nodes." I am confused by the fact that mobile phones are cracked much easier and more often than stationary computers.

Haigha
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
October 25, 2018, 05:24:17 PM
 #8

I'm worried about the next item. "Limited storage and data transfer requirements allow the network to run on fully autonomous mobile phone nodes." I am confused by the fact that mobile phones are cracked much easier and more often than stationary computers.
There are two major components to this - the crypto wallet and the actual infrastructure (P2P network + blockchain processes). Securing the private keys in the wallet is an issue which plagues all mobile wallets. It is often advised to only keep enough currency for normal transactions and keep the rest in cold storage, etc.
Now coming to the second component, there's nothing much an attacker can do except prevent the node from being an active member of the network. All data is encrypted. Every block is validated by a random set of validators which are determined based on the hash of the previous block. In order to really influence the blockchain at a fundamental level, an attacker would have to attain 2/3 majority in that given set, which is practically impossible. The true utility of a P2P network lies in the fact that an attacker needs to attack or influence majority of the stakeholders. Say the network grows to a million mobile nodes, we come to an interesting question: which would be easier - attacking 0.67 million mobile nodes (which are in a DHT and thereby targeted attacks are more difficult) or the 10000 full nodes in Bitcoin?
doedz
Hero Member
*****
Offline Offline

Activity: 1106
Merit: 502



View Profile
November 30, 2018, 01:38:03 AM
 #9

Do I have to believe in the DéMars - Africa's Ripple Project?
Do I have to give a plus for the DéMars - Africa's Ripple project?

NO, because when I open the main website, I directly face the screen like this:
Something's wrong here ...
Uh oh, I can't find a link for the bitly URL you clicked on.
Most Bitlinks are 4-6 characters, and only include letters and numbers (and are case sensitive).


LOL
https://bitly.com/DMC_DeMars/

               ▄█▀ ▄▄▄▄ ▀▀▄▄
           ▄█▀ ▄▄█▀▀   ▀█▄▄▀▀█▄▄
          ▀▀  ▀▀          ▀▀█▄█▀
    ▄▄▀  ▄█▀▀                    ▄   ▄▄
  ▄█▀▄▄█▀           ▄▄           ▀▀█▄ ▀█
 ▄▀ █▀     ▄▄██▄▄   ██   ▄▄██▄▄      █▄ █
 █ ▀█   ▄▄█▀▀   ▀██▄▄█▄▄█▀▀  ▀▀██▄▄   █ █
 █     █▀ ▄▄█▀▀█▄▄ ▀██▀  ▄██▀█▄▄ ▀▀█  █ █
 █  ▄  █ ██▀ ▄▄▄ ▀█ ██ █▀▀ ▄▄▄ ▀██ █  █ █
 █ ██  ▀ ██ █▀▀▀█▄▄ ▀█ ▄▄█▀▀▀▀█ ██ ▀  █ █
   ██    █▀ ▄▄█▄  ▀▀███▀▀  ▄▄▄  ▀█    ▀ █
   ██    ▄▄██▀ ▄▄█▄ ██  █▄▄ ▀▀██▄▄      █
 █ ██    ▀▀ ▄▄█▀▀ ▄▄███▄ ▀▀██▄▄ ▀       █
 █  █      ▀▀▀ ▄██▀▀▄█ ▀██▄▄ ▀▀       █ █
 █  █         ▀▀▀   ██    ▀▀▀         █ █
 ▀█ ▀▄▄             ██              ▄█ ▄█
  ▀█▄ ▀▀▄▄          ██          ▄▄█▀ ▄█▀
     ▀█▄▄▀▀▀        ██       ▄▄ ▀▄▄█▀▀
        ▀▀█▄   ▄▄        ▄▄█▀▀   ▀
            ▀█▄▄▀▀█▄▄▄▄▄▀▀ ▄█▀
               ▀▀█▄▄▀▀ ▄▄█▀
 
E M I R E X
─── إمركس ───
   
...Whitepaper...
   
The Infrastructure for the
New Digital Economy
   
▄▄▄▄▄▄▄▄▄▄
▄▄██████████████▄▄
▄████████████████████▄
████████████████████████
▄█████████▀▀▀▀▀▀▀▀▀▀███████
████████▀           ████████
██████████████████████████████
█████████            █████████
█████████  ██████████████████▀
████████▄           ████████
▀█████████▄▄▄▄▄▄▄▄▄▄███████▀
▀████████████████████████▀
▀████████████████████▀
▀███████████████▀▀
▀▀██████▀▀▀
 
E M R X
 
─ Token ─
 
...LEARN MORE...
   
   
   
   
...Register...
[/cen
Hatter_MU (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile WWW
December 01, 2018, 12:53:45 AM
Last edit: December 12, 2018, 09:41:37 AM by Hatter_MU
 #10

Thanks for picking this up.

Here is a link to our project website

https://www.demars.io







Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!