In the recent times, if you wanted to invest in digital currency but were not a techy person, you needed to find a brilliant techy to do the mining for you or simply buy what they have pre-mined.
That is just how Bitcoin and most altcoins currently operate.Some people feel such a system is skewed in techy guys’ favor.
So, is DasCoin’s claim of bringing equality to the digital assets trading scene anything to believe in?
Here’s a breakdown of how it works at the heart of DasCoin minting.
That’s right, minting.
- Equality in How DasCoins are “Mined”
They call it DasCoin Minting. How DasCoin works?
To do that, you’ll need to sign up for a decentralized digital wallet on DasCoin’s official website first. Then you’ll need to buy a license (roughly) known as Cycles that you submit to the system to receive a certain number of DasCoins.
So there are no developers to do the pre-mining and then sell the good stuff to you at their price.
Simplyuse Bitcoins or euros to purchase your preferred license directly from NetLeaders, DasCoin’s parent company.
So that’s one way to bring everyone to the same level from the start.
- Get Commissions When you Add to the DasCoin Family
When you buy DasCoins that becomes proof you have added value to the DasCoin Ecosystem. DasEcosystem, as it is known, is built with a referral program—incentivized marketing to encourage word-of-mouth marketing.
Whenever you share DasCoin benefits with your circle of friends or family members and they choose to sign up and use the DasEcosystem, you’ll receive a certain amount of units in your DasCoin e-wallet.
You can then trade DasCoins into bank notes or fiat money via DasExchange.
Alternatively, you can use the funds to buy stuff online and off via supported merchants stores via DasPay.
This is a good thing for anyone looking to make money referring others to DasCoin.
- There are Actual People Behind DasCoin
Is having a central governing body of executives and staff a good thing for the cryptocurrency industry?
A major reason digital currencies are yet to take off is because of their unregulated nature. It feels a tad too risky.They need to be more organized, responsible and transparentto make investors feel safe that someone is responsible for their money.
But diehard cryptocurrency enthusiasts feel having a central body in-charge can ruin the anonymity, no-government or entity interference popular in the industry.
However, if there is a lesson Bitcoin has taught everyone is that cryptocurrencies that allow 100% anonymity are being abused by malicious hackers, terrorists, money-laundering cartels, drugs and human traffickers, for insanely illegal transactions online and off.
After all, there is no responsible entity to ensure everyone is playing fair.
So how does DasCoin seek to help here?
DasCoin is offering to bridge this gap by authenticating its network of users.
They are using banking-standard Know Your Customer (KYC) procedures and smart chip-enabled hardware to verify the identity of DasCoin users. Users will use the hardware to make payments in over 60 million merchant stores worldwide using Near Field Communication devices (via DasPay).
With authentication comes safety.
These are just the first few equalizing factors that DasCoin springs to mind. Now you decide whether they feel like equality to you before investing in DasCoin.