This autumn China has banned ICO and shut down the cryptocurrency exchanges, South Korea began fight against anonymous cryptotrading and many countries keep saying that bitcoin is just a ponzi scheme. But fortunately, there are other examples. The most progressive country to regulate cryptocurrency is Japan , the Japanese freely buy goods and services for cryptocurrencies since may 2017 . Smart government - intelligent solution. Instead of delaying the inevitable - the japanese government took legal regulation of cryptocurrency, with the result that there is the highest culture of using digital currencies, the network cryptomate across the country and the payment by bitcoin is common thing. In this moment, i'm sure, many of you wanted to live in Japan.
Why do we need digital money?
Digital money has a number of important advantages over fiat money, because it can solve many problems related to the centralized nature of paper currency.
There is almost no inflation in the cryptocurrency world. It is present to some extent to financially stimulate miners, but the most important thing here is that the inflation level is known and no one is hiding.In the case of a centralized system, the inflation rate is unknown, and central banks can print any amount of money without the approval with population. This is one of the main reasons why cryptocurrencies are getting more and more supporters.
- Cryptocurrency transfers have no borders: if you need to send money from United Kingdom to Zimbabwe, you will realize that cryptocurrency is the best option. The usual transfers will cost not only expensive, but also require you to fill in set of documents. Compared to VISA / Mastercard, the speed is slower, but the progress does't stand still and over time this problem will be solved.
- Due to the transparency of the system, it is impossible to deceive it or to do something so that others don't know about it.
- Finally, your cryptocurrency wallet cannot be blocked or frozen. It is only yours, as well as the money on it.
But cryptocurrencies have another big problem that prevents them from reaching a new level and getting widely used.
The liquidity problem of cryptocurrencies
In the context of cryptocurrencies and tokens, liquidity is the ability of virtual assets to be bought or sold on the market without affecting the base price.
The popularity of digital money as a means of payment directly depends on the liquidity of the cryptocurrency, and it is because of the low level of liquidity that many trading companies refuse to accept them as payment. Only after solving the existing problems with the liquidity will they be recognized as a safe and reliable tool for payment of goods and services.
At the moment, absolute monopolists in the payment field - banks, they provide high variability of payments and high speed, which is the most obvious problem for cryptocurrency - transaction confirmation technology doesn't yet allow them to be used for payments in stores.However, in the near future this problem will be solved.
Denaro will increase the liquidity of your crypto assets. The role of Denaro token.
DENARO is a payment system that is designed to improve the liquidity of the cryptocurrency assets. It will allow us to store and spend cryptocurrencies with the help of a web wallet and debit card. You just need to create your wallet or download a mobile application. The user's funds are found on the wallet, but at any time can be transferred to the debit card. If you lose or somebody steal this card, you can block it yourself, without fear of losing money . Each category of users will find benefits:
Vendors:
- receive payments in BTC, ETH and DNO through a common interface.
- instant conversion from cryptocurrency to fiat and back.
- provision of a free terminal on special terms and conditions
- IBAN
Customers (in addition to the above)
- purchases in online / offline stores without additional fees using the Denaro card
- withdraw fiat money from ATMs
DNO - utility token on the basis of Ethereum, by means of which will happen all the payments on the platform. To the token holders will be available various bonuses, the main are :
- distribution of part of the network transaction fees.
- free token transfers over the network
ICO Details and future plans.
The team needs initial funds for the development and scaling of the platform, for this DENARO launches ICO.
ICO will run until March 15 , if you want to take a part just go to the website
Total emission: 100 ' 000 ' 000 DNO
Investor's share : 65' 000' 000 DNO
Price: 3000 DNO/ETH
Hard cap: 65 ' 000 ' 000 ETH
According to the road map there will be many events in March that can have a positive impact on the price of DNO token:
- developing a smartphone application
- the development of the cryptocurrency payment terminal - a unique and most important Denaro product.
The CEO Ron Ramsey sees great prospects represented by tens of millions of people using the card Denaro daily to buy goods and services, whether it happens or not - only time will tell! If you are interested in the Denaro project, follow the links below.
Thank you for your attention and don't forget about the risks of investing!
Yes encrypted currencies can solve many problems As inflation
But on the other hand, if they become heavily dependent
We will be in front of a great global economic crisis Bombing humanity
Gold and silver will be the solution
This is short
Thank you for reading, i share your concerns, but I hope apocalypse won't come.
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Thank you for publishing. A very necessary project.
Very interesting project! Thanks!
Very useful product for further development of blockchain and cryptocurrency