The DNotes Strategy to Overcoming Obstacles in Cryptocurrencies Acceptance

At a surface glance, DNotes sounds like just another "cryptocurrency and payments system", however after taking a closer look, you'll find there is a lot more beneath the surface. DNotes have a comprehensive plan to bring the benefits of cryptocurrency to every day people, by bridging the gap between the money we know, and the better, democratized money of the future.

Overcoming Challenges

2.2 billion people around the world lack access to basic financial services, such as a standard savings account, let alone the possibility of a small business loan or credit opportunities. Cryptocurrency can provide the democratization of money, which the world needs in order to enable everyone a fair chance to access these basic services. DNotes plan to position their digital currency in a way so to meet this need and empower every individual, no matter where they are in the world by access to DNotes.

DNotes fulfils all the basic functions of money, by creating a decentralized payment system with a way to securely save and store assets that pays a generous interest rate, as well as access financial services via their supporting DNotes Global Incorporated Company who integrate the DNotes cryptocurrency.

Cutomers can securely store assets is via the DNotes Vault, a secure cold storage system that holds users funds in an offline wallet, eliminating the risk of hackers and online threats. Additionally by customers holding their assets in the vault, they're paid 0.5% interest (6% annually).

The DNotes Strategy

The DNotes strategy is to create an all encompassing ecosystem that is dedicated to the currency’s success. DNotes Global Inc, plays a critical role in this ecosystem to work in cooperation with all of the individual features the currency provides, as well as their own services, and by educating the community about cryptocurrency. DNotes Global is a profit generating company that endorses DNotes, not only by application, but financially - with 25% equity of their initial profits going back into the cryptocurrency to support the market, giving DNotes intrinsic value.

Sustainability

DNotes realise that for long term sustainability, it is important that mechanisms are in place to ensure the value of the DNotes coin is supported by those who have an invested interest. This is why they're converting to the Proof-of-Stake verification method, as opposed to Proof-of-Work. If miners want to gain the rewards from verifying the blockchain algorithm, they must first hold DNotes coins in order to stake them. Typically with P.O.W, anyone is permitted to mine for coins, which ultimately gives them more control and manipulation of the market. Those with no genuine or invested interest in the coin are likely to sell their DNotes reward immediately after winning them, which obviously has a negative affect, particularly when the goal is to acquire a reliable and predictable value.

Future Plans

Moving forward, DNotes plan to convert the platform code to C#, which is most commonly used in the corporate environment, which will allow for greater mainstream participation so that businesses can easily implement DNotes into their systems. As well, DNotes are planned to eventually launch a cryptocurrency exchange, an online bank, and marketplace to compliment the vault and further support the growth of the ecosystem and stability in the DNotes currency. These plans along with much more can be found in their whitepaper and website.

DNotes is an inspiring mission and if implemented will have massive ramifications to the global economy, and hopefully fulfil their goal of a financial democracy and providing fair opportunities to all.