Dether — redefining the new mobile of cryptocurrency

This is a repost from my medium (since they no longer support ico / bounty campaign) blog dated January 6, 2018.

As of August 1, 2015, Philippines population is 100,981,437 according to data from Philippine Statistics Authority (PSA) or about 103M in 2017. The number of mobile phone users is expected to reach 72.6 million in 2018 to 75.6M user in 2020, from 62.8M in 2014. In span of 6 years, that’s 12.8M net added mobile users according to Statistica.

Number of mobile phone users in the Philippines from 2014 to 2020 (in millions)

As technology improves, the number of Filipinos using smartphone also continue to increase. According to Statistica, the number of smartphone users in the Philippines is estimated to reach 34.44 million. This number is expected to rise to 46.04 million by the year 2022.

Number of smartphone users in the Philippines from 2015 to 2022 (in millions)

According to two telecom giants, mobile subscribers (based on latest 3Q 2017 quarterly report), PLDT Inc. (TEL) have a total of 58,218,034 while Globe Telecom, Inc.(GLO) have 59,331,366 mobile subscribers. With 95.71% of the total subscribers are prepaid while the remaining are postpaid users. Complete details are as follows.

Philippines Mobile subscribers

55% have a mobile broadband subscription, >10%have a broadband subscription, 80% are subscribed to the lowest speed tier plans (1–3Mbps. But despite that, Philippines is still rank #14 countries with the highest internet users worldwide.

Truly, the Filipinos are always connected to their families, friends, and to the world.

Now, let’s discuss a bit about cryptocurrency in the Philippines and its future. According to BSP Governor Nestor Espenilla, in a financial technology event he said that "He see a rapid increase in the trajectory. It is coming from a small base but increasing — that is why we decided to require them to register. He also said that local bitcoin trade, that exchanges are seeing as much as $6 million in volume a month — a figure that represents three times the $2 million per month seen last year.” A good move from the central bank to regulate these Bitcoin exchange in the Philippines.

These two approved Bitcoin exchange and these are considered as remittance companies and are required to meet rules on anti-money laundering, reporting requirements among others.The two companies, namely Rebittance and Bitour or Coins.ph, showed a big jump in Virtual Currency (VC) transactions in the domestic economy, noting that these only amounted to USD2 million per month in 2015; then rising to USD6 million a month the following year then to an average of USD8.8 million a month in the first half of 2017. In which the central bank issued, BSP Circular №. 944 series of 2017, regarding the “ Guidelines for Virtual Currency (VC) Exchanges.”

On the part of future cryptocurrency, I’m actually switch Bitcoin to Ethereum sometime in November 2017, since I looking a good growth trajectory of ETH. Exactly 29 months and 10 days since ETH was tracked by coinmarketcap, ETH Compounded Monthly Growth Rate is 22.58% (See growth table below). And I expect that this growth rate continues due to Ethereum mass adoption worldwide.

ETH Compounded Monthly Growth

However, with regards to exchanging Ethereum to fiat / other cryptocurrencies, I personally used Abra wallet. But, the disadvantages are; the cash-in merchants are limited (only Unionbank and selected Tambunting shops in the provinces), you can’t withdraw ether using Abra ( you need to exchange them to Bitcoin or fiat currencies), and the deposit via Philippine banks (UnionBank) takes 1–2 business days. So I’m looking for crypto wherein these will be addressed.

Introducing Dether! Dether is the world’s first decentralized mobile application that enables anyone on Earth to buy and sell ether using cash and spend it at physical stores. Dether creates a worldwide ecosystem of ether buyers, sellers and physical stores willing to trade ether for fiat cash and accept it as a means of payment. Dether provides the infrastructure for people to embrace the Ethereum technology in their everyday lives. Dether is available on any smartphone. No bank account is needed to buy and sell ether. No credit/debit card is needed to spend ether at physical stores.

For sellers aka tellers— any ether owner can become seller on Dether for local fiat, just like a mobile ATM / can be an Uber who will meet the buyers at the pick-up point anywhere in the world. Sellers are also free to set up their own ETH/fiat rate and their own fees.

For buyers — meet trusted sellers near you, their ETH/fiat rate, the fees they take, and pay with local currency.

For shops , stores , businesses — add your business to Dether map to expand your visibility. Easily accept and manage payments in cryptocurrency. Since cryptocurrencies are volatile, shops should switch it to local fiat currency right away.

For Dether’s future development, please see details below or refer to https://whitepaper.dether.io/ or visit https://dether.io/

At the mainnet launch in March 2018, Dether will support buying and selling of Ether. Ethereum have been continuously rising and more and more demand from supporters, backers, and ICOs are using it. As more and more people all over the world used smartphones/mobile, more demand will be created to used Ether as a widely accepted currency. And that will create Dether’s future demand!

Also in the future pipeline of Dether is a plan to add ERC-20 tokens and other tokens in the future. Keep yourself updated, join Dether’s telegram now at https://t.me/Dether_io

A few important information about Dether crowdsale

Total supply: 100 000 000 Dether

Allocated as follows:

60% Token sale
3% Bounty program
18% Team (vested for 3 years with a 6-month release program)
3% Advisors (vested for 6 months)
5% Early contributors (vested for 6 months)
11% Strategic Partnerships

Acceptable currency: Ethereum (ETH) only

Start of token Sale: February 7, 2018 at 2:00 pm Paris time (UTC +1).
MinCap: 3.000 ETH (already reached via Dether’s private presale)
MaxCap: 15.000 ETH
1 ETH = 4 000 DTH

Only whitelisted participants will be able to purchase tokens. Contributions will be capped according to the number of participants that have been whitelisted. The token sale whitelist will be open for 3 weeks, starting on January 15, 2018. However, the token sale whitelist may close before the end of the 3 week period if the maximum number of participants registered is reached before the deadline.

Participants can already register here:

REGISTER FOR WHITELIST (SUCCESSFULLY FINISHED)
Dether is one of the ICOs I’ve been supporting and will also personally invest.
JOIN NOW and BE PART of the NEW MOBILE OF CRYPTOCURRENCY!

Other important information about Dether:

Official website: https://dether.io/
Whitepaper: https://whitepaper.dether.io/
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2043651 or new ANN: https://bitcointalk.org/index.php?topic=2620895

Official channels at social media:
Facebook: https://www.facebook.com/dether.io/
Twitter: https://twitter.com/dether_io
Reddit: https://www.reddit.com/r/Dether/
Instagram: https://www.instagram.com/dether.io/?hl=fr
Steemit: https://steemit.com/@dether
Medium: https://medium.com/@DETHER
Kakao: https://open.kakao.com/o/g4gQYgD
Telegram: https://t.me/Dether_io
Youtube: https://www.youtube.com/channel/UCXkA5w4KdpnBMeIsu62ZS8w
Github: https://github.com/dethertech

Happy Investing!

Disclaimer: I am writing this with a possibility of receiving rewards from doing so. And I only express my own opinions, views, insights and research. Risk is always part of any investment vehicle. So I advised that you should also do your part to understand it before investing and always managed the risk involve in order to maximize your returns.

Acknowledgement: I’m very thankful to the Lord for all the blessings and challenges he has given me. I would also like to thank my family, friends, critics, fellow investors at all other people who help me finish this project.

Sources: Dether, Statistica, Philippine Statistics Authority (PSA), Statistica, PLDT Inc. (TEL), Globe Telecom Inc. (GLO), Internet World Stats, Rappler, Bangko Sentral ng Pilipinas (BSP), Rebit, Coins.ph, Abra

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Comments and suggestions are also welcome.