Dagcoin and the future of currencies
We believe that cryptocurrencies are here to be a step up from regular money. This means improving the speed of transactions while reducing the cost, giving access to money to more people with lesser restrictions and limitations, giving more freedom to transact. And at the same time preventing fraud and illegal activities. Dagcoin was created to fulfil all of these criterias – to become a digital version of money that people can use all around the world.
Near-zero transaction fees
Fixed transparent transaction fee without any hidden fees or exchange rates. Does not matter whether sending 10 or 10 000 dags, the cost will always be around 0.0005 dagcoins.
Almost instant transactions
Regular transactions can take weeks or days, several cryptocurrencies can take hours or tens of minutes. Dagcoin transactions are fully completed within 30 seconds on average.
Freedom to transact
People around the world have the freedom to make fast and cost-effective transactions with their Dagcoin wallets. No limits, no restrictions. You have control over your money.
Dagcoin has been granted government licenses for cryptocurrency and is strictly following KYC and AML laws to reduce illegal or criminal transactions of the financial world.
Find merchants all around the world
Dagcoin is meant for using. Everything you do with regular currency, you will be able to do with dagcoins. This includes getting paid, going shopping, exchanging, taking loans, paying for services, travelling, and almost everything else that comes to your mind.
500 000+ members
The Dagcoin community is growing rapidly all around the world. Instead of creating a group of speculating traders who are chasing the price movement, we are building an educated community of cryptocurrency supporters who understand the long-term vision and are passionate about the true value of cryptos – the reasons they were created and how people worldwide can benefit.
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Quick specs and the whitepaper
|Transaction fee:||Around 0.0005 DAG|
|Avg transaction time:||30 seconds on average|
|Total distribution:||9 000 000 000 dags|
|Coin distribution:||5% – team, founders, advisors 95% – community|
|Distributed coins:||~2,78B dags (0.45B + ~2.33B)|
|Market cap:||1 722 500 000€|
|Available in (exchange)||SwipeX|
The 3-step strategy for growth
Create an ecosystem
The biggest innovators are flexible and can adapt to changes faster than the industry giants. It takes a while for the biggest companies to start accepting cryptocurrency. The best way to start is by creating an ecosystem and build the main products and services ourselves.
Build the community
Once the ecosystem has been developed, we will grow the community and integrate the products and services into our everyday lives. A currency becomes strong once people and businesses start trusting and using it. We can show the world how cryptocurrency is truly meant to be used.
Scale & co-operate
Scaling the community to millions of people assures that the ecosystem is working and gives insight for perfecting the products. This is required in order to begin cooperating with the biggest brands in the world, eventually leading to mass adoption.
DagWallet or WebWallet, which is best for you?
For those of you that are new to Dagcoin or perhaps cryptocurrencies in general. Deciding which Dagcoin wallet to choose might seem a bit confusing. Thankfully, in this week’s post, we will talk about the two different Dagcoin wallets, their advantages and disadvantages, as well as (most importantly) help you to decide which is best for you. But let’s start by learning a little about crypto wallets in general… What is a Crypto Wallet? We all have wallets and purses, where we keep our cash and cards. Crypto wallets serve exactly the same purpose, providing a safe place to store and access our money. Allowing us to buy goods and services, as well as transfer money to family and friends quickly and easily. Where they differ from a regular wallet, however, is that no money is actually stored in a crypto wallet. What they do store are unique keys that are used to communicate with the blockchain (or similar technologies such as Dagchain). It is from these that you can make transactions or check your balance. Broadly speaking, there are three main types of cryptocurrency wallets: Online Wallets – These are wallets that store your unique keys in the cloud. Mobile or Desktop Application – These apps store the keys solely on your PC or mobile device. Hardware Wallet – These store the unique keys completely offline in devices similar to USB sticks. Below we will discuss the two types of crypto wallets provided by Dagcoin. The DagWallet, which is a mobile/desktop application, and the Webwallet, which is an online wallet. DagWallet The main aim of Dagcoin is to provide a digital currency that is as useable as possible and accessible to everyone – especially those on the lower end of the economic ladder. That is why the free DagWallet application can be downloaded on both Android and Apple mobile devices (via the Google Play and App Store, respectively), as well as on Windows, Apple, and Linux PCs. The Android app works on devices from version 5.1 up, meaning that almost all smartphones developed after around 2014 or so, should support the app. As for Apple, any device from the iPhone 5 up will run the app. This means that it is possible to use DagWallet on cheap and old second-hand devices that can be bought for as little as $10. It is great to say that DagWallet is available and accessible to so many people, but what does it actually do? As described above, it is an app that enables you to check your balance, transfer money, and even buy products from a shop or café in person (if they accept Dags), all from your mobile device. This makes DagWallet a digital wallet that you can carry in your pocket. However, unlike a regular wallet, where if your cash is stolen, it is gone forever, if thieves steal your phone, they will not be able to access your DagWallet or use your money. This is because only you hold the passwords to access and use your Dags. This makes DagWallet even safer than credit and debit cards, which can often be used to buy things online or make small purchases in person without a pin code or other protections. You also don’t have to wait many days or weeks to get access to your DagWallet again if your device is stolen, all you have to do is download the app to a new device, log in, and you are good to go. Because your unique keys are stored on your device, this makes it very safe. However, there is one small downside — you can only access your Dags from one device. But what if you want access to your money from multiple devices or you don’t have your own smartphone, tablet or PC, or your device is shared by everyone in the household? We have a better option for you… WebWallet Where the WebWallet differs from the DagWallet is that you can access your Dags from any internet-enabled device, at any time. This is because the WebWallet stores your unique keys in the cloud. This is the perfect choice if you have multiple devices you want to use to access your money. For example, your smartphone, laptop, and work PC. Likewise, if you do not own a compatible device yourself, this can be shared by your entire family, or even by your whole community. Because the WebWallet can be accessed from any internet-enabled device, this gives people in the poorest and most remote regions an alternative to cash for the very first time. And this is more people than you may think. In 2019, more than 2 billion people around the world still didn’t have access to a bank account, equating to a mindblowing 1 in 4 people. The WebWallet doesn’t just provide an alternative to cash, it is also a safe place to save money and earn interest. But best of all, both the DagWallet and WebWallet can be used to help people build a credit history. The only small downside to the WebWallet is that because your unique keys are stored in the cloud, they are slightly less secure than if they were stored on an individual device, which is what the DagWallet provides. Which Dagcoin wallet is best for you? To make this choice easier, let’s break it down into a few categories: Security – if you want your money to have an extra layer of security, choose the DagWallet. Use on Multiple Devices – If you would like to have access to your Dags using multiple internet-enabled devices, choose WebWallet. You do not have your own smartphone, tablet or PC – choose WebWallet You want to make in-store purchases – choose DagWallet Best of all, whichever Dagcoin wallet you choose, it is free to download and use. In turn, with each transaction taking just 10 seconds (wherever it is sent in the world) and costing just 0.0005 Dags, you have access to a much faster and cheaper alternative to the regular banking system. To download your Dagcoin wallet, click here. Alternatively, if you would like to learn more about getting starting with Dagcoin, read our how-to guide. Join a growing community of nearly 600,000 people using Dagcoin.
Uber CEO States the App is Open to Crypto Payments
Uber’s CEO, Dara Khosrowshahi, said in a recent interview that the ride-sharing giant will consider accepting cryptocurrency payments through the platform in the future. "Just like we accept all kinds of local currency, we are going to look at cryptocurrency and/or Bitcoin in terms of currency to transact(...)" Khosrowshahi said in an interview with CNBC. “That's good for business, that's good for our riders and our eaters, so we'll certainly look at that. And if there's a benefit there, if there's a need there, we'll do it, we are just not going to do it as part of a promotion." he went on to say, highlighting the importance of this type of payment needing to be necessary if implemented. Uber’s consideration of cryptocurrency payment methods echoes the sentiment of many other merchants around the world that are very quickly moving towards similar models.
SWIPEX — THE WORLD’S BEST CRYPTO EXCHANGE PLATFORM
If you’ve spent some time exploring the wider dagcoin ecosystem you may have come across the name ‘SwipeX’. But what exactly is SwipeX? In short, it’s a way to convert your fiat currency to Dagcoin quickly, cost-effectively, and most importantly, securely. The way it works is very straightforward: after creating an account, you can start trading various cryptocurrencies. Yes, that’s right: Bitcoins, Bitcoin Gold, Bitcoin Cash, Dagcoins etc. The more, the merrier we say. SwipeX runs on all devices and has a dedicated customer support team ready and able to assist you at any time. In addition, SwipeX has been granted two important licences by the Estonian Government: Licence number FRK000053 – Providing a virtual currency wallet service. Licence number FVR000071 – Providing services of exchanging a virtual currency against a fiat currency. Great! How do I get started? For you to start using the platform and make the most of it, i.e., trading your crypto money and doing it successfully while you’re at it, there are two very simple things you need to do. First ‒ create an account. Second ‒ go through a quick verification process. For that you need to have your ID card and proof of address at hand. NB! This is mandatory for everyone who’d like to use SwipeX. After you’ve finished signing up, we also recommend activating the two-way authentication control, just to be on the safe side ‒ better safe than sorry! Check out other great projects we have, like the Merchant Finder, WebWallet and DAG-chain. If you have questions or you would like to know more about cryptocurrency or SwipeX get in contact ASAP! We’d love to hear from you.
PRIVATE CRYPTOCURRENCIES TO FACE A POTENTIAL BAN IN INDIA
A bill seeking to outlaw the sale and purchase of private cryptocurrencies within India is soon to be considered by the nation’s parliament. The bill, known as the Cryptocurrency and Regulation of Official Digital Currency Bill, doesn’t just seek to regulate private cryptocurrencies, but instead enact an outright ban of them, teeing India up to be the only major nation in the continent of Asia to do so. Although private cryptocurrencies would be banned under this bill, the underlying technology would not. This is in part due to the bill being enacted in order to pave the way for the Reserve Bank of India (RBI)’s planned digital currency rollout. Despite the bill outwardly seeming likely to pass due to the BJP’s majority control in Indian parliament, the specifics of the bill still remain largely unknown to the public. We will provide updates on the situation as it progresses.
Dagcoin 2020 Year in Review
2020 saw many changes for the wider Dagcoin ecosystem. From exciting updates on existing platforms to the launch of brand new ones, it's been a bumper year for the Dag-family. This year alone has seen a staggering number of dagcoins distributed to both new and existing users, resulting in almost three billion coins (~2.7B) in circulation. We're also thrilled to announce that over 130,000 new dagcoin users have jumped aboard since the start of 2020, as well as around 800 new merchants now officially accepting the currency in-store. Beyond this, we've launched a variety of new platforms that all accept dagcoin. Some of the highlights include Dagmarket Jobs, a new job listing platform allowing skilled workers to provide services to anyone that needs it in exchange for dagcoins, as well as TwiceDice, a new online casino and betting platform which utilises Dagchip — a digital chip that exists alongside Dagcoin! That's not all though! For the full lowdown, including all the exciting developments for merchants, check out the video above, and don't forget to keep your eyes peeled for all of the exciting things to come this year — 2021 is going to be even bigger!
Bitcoin Sees Largest Daily Price Loss in Almost 1 Year
It seems there’s no end in sight for Bitcoin valuation turbulence, with the world’s best-known cryptocurrency seeing its most dramatic drop in value over the past 10 months in just one day. On Thursday 21st Bitcoin ended 13% down by EOP. Many experts are claiming this is an anomalous dip, and that the currency will regain its value swiftly. This drop in value has nullified almost all year-to-date gains, bringing the Bitcoin 2021 total increase in value to just +6%. This is a devastating blow considering the cryptocurrency’s tremendous boost in value to around 42,000 USD earlier this month.
EU Parliament to Assess Petition for Crypto Fraud Victim Superfund
Last Wednesday a petition was formally sent to the European Union parliament to have the body consider the option of establishing a ‘Crypto Assets Fund’ for those who have fallen victim to a cryptocurrency-related crimes and/or theft. Jonathan Levy, lawyer and creator of the petition, is representing clients who together have lost a total over €50 million, and is supported by class representatives of the individuals adversely affected by the high-profile Bitsane exit scam. “Every day $100 billion in unregulated cryptocurrency transactions take place. Much of that activity involves organized crime and represents the largest transfer of wealth to criminals since the Second World War. Billions of dollars have been siphoned from victims of criminals schemes. Our goal is nothing less than the establishment of a Cryptocurrency Security Fund to compensate victims.” - Jonathan Levy According to Levy’s petition, he and his clients wish for the EU to implement a .0001 cent per euro fee on all cryptocurrency transactions within the union in order to generate a pool of funds to aid victims of related crimes. To date, the petition has generated 46 supporters. The EU Parliament has yet to discuss the matter, or provide an official response.
How does Dagcoin and V-ATM Benefit Merchants?
2020 was a turbulent year to say the least. However, as 2021 dawns, so does the hope of a slow return to normality. The beginning of the year is always important for businesses, with January sales a big part of that. Did you know that on average consumer spending in January is higher than in December? In this blog, we have talked about the many benefits of accepting Dagcoin as a payment method and how it can help improve sales, including: The free Merchant Finder tool that provides free advertising for your business to a growing community of more than 500,000 Dagcoin users worldwide. The free Point of Sale (POS) app that makes it possible to accept Dagcoin payments in your shop just as quickly as card payments. The free Webshop Plugins that make it possible for you to accept Dagcoin payments quickly and easily at your online store. The free email Invoicing tool that enables you to create and send invoices in seconds, and get paid in the same timeframe too. In this article, we will talk about yet another benefit of accepting Dagcoin, V-ATM! But what is V- ATM and how can it help you improve sales in 2021? Let’s find out… What is V-ATM? Put simply, V-ATM is a Virtual ATM that allows you to sell Dagcoins to your customers so that they can buy products from you at a discounted rate using Dagcoin. Where this gets good is the fact that we will reward you in Dags and Euros for selling the coin. This means you will get paid twice, once from the customer and once from us. Giving you the opportunity to offer your customers discounts that your rivals won’t be able to compete with, even the big boys. This is a real win-win for everyone involved. You will attract more customers by offering bigger discounts and earn twice (from us and them). Your customers will get a fantastic deal too, which will make them want to use you again, and Dagcoin will get more users. Moreover, your customers will be buying Dags from you at the current exchange rate. Making your V-ATM a fair place to buy Dags, adding further to your trustworthiness as a retailer. Interested? Keep reading… How it Works – For Merchants Signing up to V-ATM and offering discounts to your customers is a simple 3-step process: Step 1 – Signing up As with almost anything these days, the first thing you will need to do is sign-up online. To do this you will need to go to the Dagpay page and login to your account (if you don’t have Dagpay yet, don’t worry, you can also sign-up here too). Once you are in your account, all you have to do is click on the V-ATM section and follow the on-screen instructions. Step 2 - Print and present the QR code We will review your application, and if all is good, we will send you approval along with everything you will need to get started. In this acceptance pack, you will receive QR banners that you can print out and display in your shop or business location alongside your discount offer. Step 3 - Sell your products using the V-ATM QR code and double your profits This is the easiest part, and what you do best – selling! Encourage your customers to take advantage of the discount they will get by using the V-ATM QR code to buy Dagcoins and pay for the product they want. Because you will be paid by both the customer and us for each sale, you don’t just have the chance to double your profits, but to offer discounts that your competition won’t be able to match. Attracting more customers, reducing churn, and maybe even getting back some old customers that you lost to rivals in recent months or years. How it Works – For Customers In this section, we will cover the process from the customers perspective so that you can guide them if they need any help. Step 1 - Scanning the QR Code The very first thing your customers will need to do is scan your V-ATM QR code using their smartphone. If they do not have an app on their phone to scan QR codes, there are many such apps available for free on both the Google Play and App Stores. Step 2 - Downloading DagWallet The next thing your customers will need to do is download DagWallet. This is the virtual wallet where they can store their Dagcoins and make/receive payments using the coin. They can download DagWallet (and learn more about it) here. Step 3 – Buying Dagcoins Now that your customers have a DagWallet and have been verified, they can now buy Dags from you using the V-ATM at the current exchange rate. This is the same process as a regular Dagcoin transaction, and they will receive Dags to their wallet within 10 seconds of making the purchase. Step 4 – Paying for their Products They are now at the final (and best) part of the process – the purchase of the discounted products. This discount will make your customers happy and more likely to return in the future. In addition, you will receive double the profit too because we will also pay you. It truly is a Win-Win! Conclusion V-ATM is a Virtual ATM that allows you to sell Dagcoins directly to your customers so that they can buy discounted products from you using Dagcoin. We will then reward you in Dags and Euros for selling the coin. Meaning you will get paid twice, from the customer and from us. Because you are getting paid double, this means that you can offer discounts that will make you cheaper than your rivals, maybe even the big boys like Amazon. With such discounts, not only will you be able to make more sales, you will also attract new customers, reduce churn, and even get back those clients that you lost in previous months and years. Setting up V-ATM is simple and easy. All you have to do is: Go to the Dagpay page and log in to your account (or sign up if you don’t have an account) click on V-ATM and follow the online instructions. Print your individual QR code and display it with your discount promotion in your store or business Sell the discount your clients will get from using Dagcoin V-ATM to buy products from you. Start 2021 the way you want to continue, with more sales and higher profits. Click here to get started. Join a community of more than 1300 merchants and 500,000 clients using Dagcoin.
China Doubles Shenzhen Digital Yuan Giveaway in Newest Trial
We’ve previously covered China’s creation and rollout of the ‘Digital Yuan’ in the tech-focused city of Shenzhen, however, the journey of the latest state-approved digital currency has taken a turn. As of the 1st of January 2021, the government opened a lottery up to the public through the ‘iShenzhen’ platform, allowing citizens to enter a drawing to win one of 100,000 prizes of 200 Digital Yuan (equivalent to around $3 Million). The previous distribution, taking place in late 2020, put 10 million Digital Yuan in the hands of citizens, meaning the latest lottery is set to triple the total amount in circulation at the moment. This is a testament to the Chinese government faith in the Digital Yuan, as well as their resolve to persuade the public to place their faith in the burgeoning digital currency scene. For those of you that may have missed the news, the government-run People’s Bank of China (PBoC) has begun rolling out its very own digital currency known as ‘DCEP’ last year. This move came in part due to the reliance of the dollar in international finance, and the PBoCs desire to break this standard and create a new ‘battlefield of competition’ between major countries.
4 Ways Dagcoin Is Protecting The Environment
As I write this, an iceberg the size of Jamaica is on a collision course with the South Atlantic Island of South Georgia. This is the largest iceberg ever recorded and is another worrying sign that global warming is speeding up. It is becoming clear that when we get in our cars to hop around the corner, turn the heating up one or two extra degrees or jet off on our summer holidays, we are playing our part. Even if we recycle, conserve energy, walk, or ride our bikes, we are still consuming goods and services that are causing global warming and sea-level change. It is only when we all work together and play our part that we can save our planet. Not only for future generations, but also for the diverse flora and fauna that we share this wonderful planet with. One of the biggest driving forces behind creating Dagcoin was to play a part in securing this better future. In this week’s post, we will explain how Dagcoin is helping to save the planet. Dagcoin reduces the need for paper Fiat currencies, such as the dollar, pound, and euro all use paper money. This means that many millions of trees are needed each year just to make money. This is made worse because paper money doesn’t last very long. The average one-dollar bill is in circulation for just 18 months. Compared to 25 years for a 1 cent coin. And it gets worse. If you visit your bank, you will probably be asked to fill in forms or sign documents. In addition, you might also receive bank statements and offers in the post - using yet more paper. On top of this, the chemicals that are used in the money-making process pollute local water sources, poisoning natural habitats and farmland. Dagcoin’s cashless system removes the need for paper money and documents. Meaning fewer trees are cut down, and less poisonous chemicals enter our water sources. Reducing CO2 levels and protecting vulnerable habitats Dagcoin reduces the need for plastic Countries do not just use paper to make money, they also use plastic. In fact, some countries, like Australia, use money that is entirely made out of plastic. Although it lasts longer than paper money because it doesn’t rip or tear. Its consequences for the environment are very clear. Plastic takes around 1000 years to decompose in a normal landfill site. Not only does it take a long time to decompose, it also releases dangerous chemicals when it does. In a landfill, these chemicals can be contained, but when you see the countless news reports about the amount of plastic in our oceans, the future consequences seem very bad indeed. Credit and debit cards have made it quick and easy for us to make payments both in person and online, and reduced the need to carry cash. However, because they are made almost entirely out of plastic, they are having a negative effect on our planet. Because Dagcoin is a virtual currency and all payments are made online, there is no need not just for paper money, but also debit and credit cards. Reducing plastic waste and the hazardous chemicals released when it degrades. Dagcoin promotes nature conservation Earlier this year, Dagcoin teamed up with the Clean World Conference to help plan the cleaning of our planet. In 2018, over 17 million people from 157 countries simultaneously came together on World Cleanup Day to clean waste from beaches, streets, rivers, and forests. People and businesses can take part in the event as volunteers, sponsors or partners. Because this is a cause that Dagcoin is passionate about there was only one choice. To partner with the conference and event, not just helping to organise the event, but to spread the word and get more people involved. The next World Cleanup Day is on the 18th of September 2021. Click here to find out more and get involved. Dagcoin creating awareness Just 50,000 people took part in the first World Cleanup Day ten years ago, and look where it is today. It has grown into a massive worldwide event purely by one person bringing a friend and one business attracting another. Dagcoin was created from the ground up, not just as a groundbreaking digital currency that anyone can use anywhere. But as a currency that champions the protection and preservation of our planet. Partnering with the Clean World Conference didn’t just help people to become aware of the event, but also encourages more businesses to join the cause. The more people and businesses that are working together to save our planet. The cleaner our oceans will be, the less waste we will create, and the more habitats we will preserve. Conclusion We have reached a critical point in the story of our planet. No other species in history has changed the earth so much. Human-induced climate change and the destruction of habitats has killed of countless species, and many more are on the brink of extinction. By creating a virtual currency, Dagcoin has reduced the need for paper money. Preserving forests so that they can absorb CO2 and reduce the effects of climate change. In the process, saving the homes of many threatened species. On top of that, the virtual nature of the currency reduces the need for plastics in the form of debit and credit cards. Our landfills and seas are full of plastic that will not just take thousands of years to degrade, but when it does, it will release hazardous chemicals. Reducing the use of plastics will reduce the effects of these chemicals on our planet. Dagcoin has partnered with the Clean World Conference to help plan and promote World Cleanup Day. This partnership has encouraged more people and businesses to join the cause. And this is just the beginning. Join us in preserving our beautiful planet! Have we missed something? Do you have any questions? Get in touch…
Ford study finds Blockchain-type technology can help improve air quality
A 3-year study conducted by the Ford Motor Company has yielded some very promising results around the viability of blockchain-type technology integrated into smart cars. The study, conducted across Cologne, Valencia, and London, tested Ford’s new plug-in hybrid-electric vehicles (also known as PHEVs) which utilise ‘dynamic geofencing’. This geofencing technology allows the vehicles to automatically switch to an zero emission mode when entering a low-emission zone, without any intervention from a human being. This technology, coupled with blockchain-based data storage, allows this data to be safely stored and assessed by government bodies city councils. “Our research has shown how plug-in hybrid vehicles, and emerging connected technologies such as dynamic geofencing and blockchain, can play a major role in transforming cities,” said Mark Harvey, Ford’s director of enterprise connectivity in a recent press release. With more and more major cities now adopting or expanding low-emission zones, this type of vehicle functionality will become more and more necessary, however, due to each blockchain entry requiring each ‘block’ along the chain to be checked from latest to earliest, over time the server power required to carry this out becomes larger and larger. This has meant that today, the transfer of a single bitcoin is extremely environmentally unfriendly. This means that the widespread implementation of blockchain-based technology for dynamic geofencing may eventually nullify any positive impact it may initially have. Fortunately, there are alternatives. With Dagchain technology, only the previous ‘block’ requires checking before a new entry is successfully added to the digital ledger, meaning the environmental impact is static, and minimal.
WITH CRYPTOCURRENCY YOUR MONEY IS YOURS ALONE
Doing stuff together is great — a necessity even (albeit a slightly difficult one given the current global situation). Cooperation allows us to understand each other better and takes us forward. But there’s one thing that should only be for ourselves. Money. It should always be a party for one. It should always be you who’s the sole owner of your finances. Not banks, and certainly not other institutions. And guess what? Cryptocurrency makes that a reality. Unfortunately, it’s rather common that money has many “owners.” What does it mean? When your funds are stored in a bank (chances are yours is), the bank is a tertiary owner of that money — your money. Some people even go as far as saying that once your money is in the traditional banking or credit card system, you turn over your stewardship of the funds to a third party. As we all know, three’s a crowd. The issue here lies in the fact that the third party, or bank in this case, will have power over your assets. Ouch. But cryptocurrency is different Do you know what makes cryptocurrency better than anything else out there? It’s just so easy. Unless you’ve willingly given access to your crypto wallet over to a third party, it’s you who’s the sole owner of anything within it, including the public encryption keys! If it wasn’t enough that only you, and you alone, can move your cryptocurrency around, it’s also ultra-safe. The future is now It almost sounds silly to say outright, but this finally means that you can own your own money. The era is cryptocurrency is finally upon us, and very soon we’ll be doing away with the financial institutions that have forced us to relinquish control of our own assets to them for far too long. If you feel like taking control of your own capital, then be sure to grab a Dagwallet of your very own. We can’t wait to have you aboard!
Uncertainty grows as Bitcoin sees a turbulent month
Seeing an unprecedented increase in value, followed by a catastrophic drop mere days later, Bitcoin has once again proved itself as one of the most volatile cryptocurrencies on the exchange. The start of the month saw those sitting on BTC jumping for joy due to the currency propelling itself to a high of $19,464 on December 3rd. With the U.S. Dollar’s slump serving as a backdrop during the same period, many began to see crypto as a safer investment than fiat. However, this uptick was short lived, with BTC crashing down to a concerning $17,630 mere days later. Although there’s since been some recovery for the world’s most well-known digital currency, this short-term turbulence has yielded much uncertainty for its future. Andrew Tu, of crypto trading firm Efficient Frontier, attributed this fluctuation to “bullish exhaustion”, stating “After failing to break the all-important $20,000 psychological figure several times, having been held down repeatedly between $19,000 and $20,000 over the last two weeks, we are now seeing a correction for BTC.”, a sentiment echoed by many others in the field. Bitcoin’s immediate future may be thrown into question due to recent events, but fortunately, this degree of uncertainty isn’t standard for all cryptocurrencies. Being entirely centralised, currencies like Dagcoin continue to grow in value with steady momentum. Ideal if you’re wanting to get started with digital currency. To find out more about Dagcoin and the wider ecosystem, head here.
3 Things to Look Out For When Choosing Your Cryptocurrency
So, you’ve decided that it’s time to start utlising an alternative currency, whether it be for investment, or simply for day-to-day payments. It may seem daunting at first. After all, cryptocurrencies are in constant flux — some might fail, and some might prevail. So, what you should be looking out for when choosing one to invest in? Longevity is key ‘Decentralize Today’ is a blog that brings together experts on tech and digital currency, and although their focus lies in blockchain-type currencies like Bitcoin, it can be a handy insight into the industry as a whole. An article published at the height of Bitcoin’s popularity, titled ‘An Investor’s Guide To Cryptocurrencies: Picking The Winners & Avoiding The Losers’, states that the rule of longevity, which is crucial in more common types of investments, is significant when investing in cryptocurrency as well. Longevity means taking a long perspective in your investments, and as the article notes, not only in the product itself but those producing it as well. Your investment should be something which will be used long into the future. You should also take care to note any competitors and whether they have the potential to outperform your investment. Finally, there has to be a commitment from the developers that constantly improve on the product or service you’ve invested in. To put it in short, as the article suggests, your cryptocurrency of choice should: Have a current or growing need for it Have few or insignificant threats or competition Have a team that puts great effort into developing it The article thereon outlines several options of cryptocurrency to choose from, which are all based on the blockchain technology. Our suggestion is to take a look at Dag-chain instead. Why choose a Dag-chain cryptocurrency? ‘Dag-chain vs blockchain cryptocurrencies’ is a debate that is only now getting momentum and with good reason – the former aims to improve on the latter, after all. If you take a look at the three characteristics outlined beforehand, the Dag-chain technology can easily be submitted to the rule of longevity. There is a need for it – fast and easy transactions are always in demand and Dag-chain is built with exactly these qualities in mind. Threats are low – DagCoin is currently the primary cryptocurrency based on the new technology and unique among its direct competitors. Development is ongoing – behind the Dag-chain technology is a team of committed developers and source code is open to outside talent as well. In summary, when choosing your cryptocurrency, it can help to see it as picking a worthy investment – longevity means a certain kind of stability and can lead to great profit in the end.
Investors now increasingly preferring crypto to hedge against inflation
According to top-level analysts at Germany’s largest investment bank, Deutschebank, investors are now increasingly choosing to hedge against inflation with Bitcoin rather than gold. This news was broken via Deutsche’s bank own Jim Reid via ZeroHedge, who stated the following - “There seems to be an increasing demand to use bitcoin where gold used to be used to hedge dollar risk, inflation, and other things(...)” This is in part due to bitcoin increasing in value by a whopping 144% this year, whereas gold has seen just a 22% spike over the same period. While not insignificant, when compared with BTC, the winner is clear. According to Reid, another contributing factor has been the breakthrough development of COVID-19 vaccines by pharmaceutical companies Pfizer and Moderna. This sudden development led to the redistribution of money from haven assets such as gold into higher-risk ones. With precious metals slowly becoming less reliable as value assets, it’s fair to assume that cryptocurrencies such as Bitcoin and Dagcoin will see forward momentum in this area, and continue to leak into mainstream usage as a result.
Dagcoin Gift Card - A Perfect Christmas Gift
With the holiday season fast approaching, and many brick and mortar stores closed due to the effects of the COVID-19, we’re sure that many of you are struggling to find the perfect gift for your friends, family, and loved ones. Even without the pandemic bearing over us this winter, attempting to find the perfect, personalised gift for certain people can often prove to be a gargantuan task. It’s for these reasons that gift cards prove to be so popular. They enable the receiver to get whatever it is they’d like, and relieve a lot of unnecessary stress on the buyer. You’re probably wondering what on earth gift cards have to do with cryptocurrencies. For those of you in the crypto sphere, the advantages of cryptocurrencies are clear, but it’s fair to say that the majority of the population is still very cautious about using them. The Dagcoin gift card gives your chosen person/people that helpful little nudge to give crypto a try and see it for themselves, but it doesn’t stop there… Getting Started Is Easy A quick google search of “how to buy cryptocurrency” will result in a long list of crypto exchanges, many new and confusing terms and worst of all conflicting information on how to get started. This is made worse by the most popular YouTube how-to videos on the topic being well over 30 minutes long. One of the main obstacles to getting started and mass adoption of cryptocurrency, in general, is the complicated process to acquire it. You need to choose which cryptocurrency you want to use, the exchange you wish to buy from, sign up and set up an account with them, choose the wallet you wish to use (and there are many), verify your identity and configure your security settings, to name but a few. And it’s very fair to say that it is a daunting process and amount of information for any newcomer, no matter how keen they are. The Dagcoin gift card is the perfect entry point for those who are completely new to cryptocurrencies because it removes almost all of these complicated steps. When your chosen person receives their gift card all they have to do is redeem it, download the DagWallet and they are ready to start spending, saving or earning (Dagcoin Grow) their newly acquired dags. Suitable for Any Occasion There are so many occasions to give a gift. A birthday, Christmas, wedding, graduation, valentine’s day, to name but a few. And finding a suitable present can always be a bit of a minefield. The Dagcoin gift card is a suitable present for any occasion for a number of reasons. You may have a friend, family member or work colleague who is interested in cryptocurrency but hasn’t got started yet. The gift card is, therefore, a little nudge in the right direction and a risk-free way for them to give it a try. We all have friends and family who live far away, and who we may be unable to see in person this festive season. Sending gifts internationally is very expensive, as is transferring them money. Because the Dagcoin gift card is virtual – the physical card is coming soon – this means that you can send the gift to anyone, anywhere in the world, and at any time – even at the last minute! A regular gift card locks you to a certain store, it could be a clothes store, tech store, grocery store, etc. There are nearly 1,000 businesses around the world who accept Dagcoin as a payment method. This means that the receiver of a Dagcoin gift card has an incredible amount of places to spend these on whatever it is they may like. And last, but not least, they can exchange these dags back to the currency of the nation they live in if they wish, but of course, we would not recommend that! A Gift that Grows in Value In the UK, of the £6 billion worth of gift cards bought each year, around £300 million are never redeemed. The biggest reason for this is that the expiry date or period is often not well advertised and different companies offer different periods – some as short as six months, but most not exceeding one year. I am sure I am not alone in having had a number of gift cards expire before spending them. This is why with the Dagcoin Gift Card we have made the unprecedented step of creating a 50-year expiry date. This means if it accidentally ends up at the bottom of a drawer, falls down behind something, or life is just too busy to redeem your dags, you can still do this many months or even years later. With the value of dagcoin steadily increasing in value, this is a gift that could easily change someone’s life in a dramatic way down the line. The Dagcoin Gift Card is available in both physical and digital forms, and can be purchased with most standard credit or debit cards. If you’d like to purchase your first Dagcoin Gift Card in time for the holidays, simply head to https://giftcard.dagcoin.org/ to get started!
Dag Tech Day: Step on the future train, we’ve got some news!
Were you with us on this week’s Dag Tech Day? Yes? Then you already know what we are about to dive into. No? Then buckle up, as we have some surprises in store for you! If you’ve been following the journey of Dagcoin, you know that an important part of our mission is to secure financial services for those who need it the most. There are about 2 billion people in the world who do not have access to traditional banking. Therefore we find ourselves in a situation where a critical mass of the world’s population cannot deposit or purposefully use their finances. There are too many countries that suffer from inflation or even hyperinflation. In some cases, economies are going back to barter trading due to lack of faith or lack of value in traditional currency. There are too many people and businesses, potential unicorns suffering because of these issues. And yes, we know we are in the long run here, but it’s our mission to solve these problems and provide a better standard of living for everyone, no matter where they live in the world. In 2017 we began with Dagcoin with the aim of giving the world what we believe it needs: a reliable, everyday cryptocurrency. An easy to use cryptocurrency which would give billions of people the possibility to store and use their money in an accessible and affordable way. Just like money, just like banking - but faster, smarter and without any middlemen. During this challenging year of 2020, a lot has shifted. The wish for a change in the financial world has emerged into a need for transformation in the industry. We as well have come to a point in our journey where we see that adaption to this new world is necessary. Over the last six months, we have been in contact with countless external parties, such as governmental entities, financial institutions, exchange platforms and different business establishments, all of them interested not only in our digital currency and the ecosystem concept, but also in our proprietary technological developments, with e-governance perspectives, and legal experience. What we have come to understand through these exchanges, is in order to secure these joint projects and collaborations and grow as a community, we need to bring about some changes. Dagcoin is currently in the phase of distributing its coins — 9 billion in total. The community as well as the value of the coin have been growing steadily. By now, around 2.65 billion coins have been distributed, including those reserved for the company. So what do these numbers tell us? They tell us there’s still a long way to go before all are distributed and we’re ready for the usability phase. Yet, the changes and challenges people have seen this year worldwide demand an accessible and easy to use digital currency like Dagcoin to be out there and usable as soon as possible. So that’s what we’re intending to do! We’ve decided to establish a new limit on the coins that will be distributed through our referral program. This will now be fixed at 3 billion in total which means only 350 million coins are left to distribute, and then, we can finally go to the next phase. The remaining 6 billion coins, which are not going to be distributed, will be used in what we call the Usability Partnerships. Meaning they’ll be available for the next 2 years for a limited number of activities by the company as previously mentioned: partnerships with governments, exchanges, e-commerce platforms, global businesses, charities, green initiatives, token projects, etc. The aim of all of this is to bring wider usability to Dagcoin. It also means that these coins will not be added to circulation unless they come through added usability for the community. After the 2-year period, all unused coins will be burned — something that will be visible to all. It’s important to keep in mind that this is especially beneficial for the community who already owns dagcoins! On one hand, successful completion of international projects, for which the frozen coins will be used, will have a positive effect on the credibility and the usability of the coins. On the other hand, once the leftover coins are burned, the value of the coins in circulation will grow. So taking all of this into account, we truly do believe that bringing the usability phase closer is definitely the right thing to do. After distributing the last 350 million coins, there will be no more coins going out without usability. The preparations for this are almost over, with less than 12% to distribute. Once that happens, we’ll be entering the next phase of the Dagcoin (r)evolution. It’s always been our dream to bring Dagcoin to wider communities and have the world benefit from the usability that comes with it. The ongoing year has increased the need and the desire to reach this destination sooner rather than later. The ongoing distribution would hold us back from achieving this. By limiting the inflow of new coins and partnering up with third parties, the situation will change rapidly, and this is something the whole community will benefit from. With outside help and a push from our side, that dream is now a little closer to reality. So let’s go and spread the news together. Welcome to the future! If you’d like to hear and see the news being brought to you by our founders Kris and Nils - click on the video below. Other important topics being discussed are Dag cards, identity verification systems, Dag Grow and Decentralised Finance aka DeFi. Tune in and see you next Saturday, 21st of November at 6 PM (GMT +2).
One step closer! Estonian formula driver Jüri Vips heads to the Turkish GrandPrix
What wonderful news for all Estonian formula fans! Our own Jüri Vips, aged 20, has gotten ahold of his FIA Super Licence and will be taking part in the Turkish GrandPrix this upcoming weekend as the reserve driver for AlphaTauri and Red Bull. This goes just to show that the young Red Bull Junior Team driver Vips is on the right path in fulfilling his dream of becoming a fully-fledged F1 driver. The reserve driver position by the AlphaTauri and Red Bull team means that Jüri now has a chance to really race on the F1 track. This includes taking part in the free practice, however, if any racers are affected by COVID-19, Jüri will have the opportunity to get behind the steering wheel himself. Due to the circumstances in 2020, FIA decided to change the Super Licence points scoring system. Now drivers can acquire points for the licence from the last four seasons rather than the earlier three. 40 Super Licence points would make a driver eligible for Formula 1 and three best out of four seasons, that include 2020, will be considered. Also, drivers who have not gathered 40 points due to circumstances out of their control will still have the opportunity for their case to be considered by the FIA. This means that those who’ve scored a minimum of 30 points and have consistently demonstrated outstanding driving ability in single-seater cars are able to apply under this new regulation. In addition to the points requirement, the driver also has to have at least 300 km of driving history in an F1 machine. Thanks to the immense support of Red Bull, Jüri just broke through the 300 km mark on the legendary Silverstone track in the UK, and has 32 driving points in total, so the road to the FIA Super Licence was well paved. Marko Asmer, a former formula driver himself and now responsible for the wellbeing of Jüri, said getting the Super Licence seems easier than it really is: ”It is not just a simple application. It is foremost a good driver, financial support, a lot of paperwork with different institutions and connections, even just to get your driver in a F1 car”. But nonetheless, Jüri’s proven his mettle, and the Austrian lifestyle brand has shown just as much as faith in him as we have over here in Estonia! We couldn’t be happier for Jüri and his whole team, and we’ll definitely be anticipating everything that’s about to unfold from this weekend onwards. Stay tuned, as there’ll be a lot to hear from Vips and Co!
New Huawei Devices to Ship with Digital Wallet Pre-Installed
According to the company’s official Weibo channel, new Huawei Mate 40 devices are to ship with a Digital Yuan Wallet pre-installed. This news follows the announcement of China officially launching its own state-created digital currency. With new Mate 40 device bundled with the hardware capabilities and necessary software out of the box, all signs points towards China’s Central Bank Digital Currency (CBDC) being very close to reaching the public. This marks a turning point in the journey of digital currencies becoming accessible to the wider public, rather than just crypto aficionados. Trials of the currency have already taken place, with 10 million digital yuan given away to citizens of Shenzhen as part of a state-run lottery. The luckiest among the almost 2 million entrants were able to spend their currency at thousands of points of sale dotted throughout the city. This trial proved to be a success, paving the way for the currency’s official rollout, and its apparent integration with soon-to-be-released devices. It remains unclear as to whether Mate 40 devices outside of China will be arriving equipped with digital yuan wallets, but either way, this will likely prove to be an interesting litmus test to assess the likelihood of this type of payment outpacing Apple Pay, et al. If you’re interested in getting started with a digital currency mobile wallet of your very own, today, check out the Dagcoin wallet app! With dagcoin being accepted at over 1,000 merchants across the world, there’s nothing stopping you from getting ahead of the curve!
Dagitally — Digital Products Made For You
10 years ago we used our phones for just 1.5 hours per day, today this figure is well over 3 hours. What are we doing with all that extra time? Facebook, Instagram, Twitter, YouTube, Spotify and Netflix to name but a few. If you take just the last two examples, Spotify has over 100 million users worldwide and Netflix over 150 million – all of these paying for content each and every month. For this reason, it is very likely that you are paying for digital content from one or perhaps multiple providers. Digital content goes far beyond video and music too, to news, art and design. But what if you want to buy digital content with your dagcoins? Or you’re an artist who wants to share your work with more people, and get paid in the process? That’s exactly why we built Dagitally… What is Dagitally? Dagitally is a platform where can you buy and download digital content from your favourite musicians, writers and artists, and where artists can upload, share, and be paid fairly for their work. The platform includes songs, audiobooks, designs, virtual services, and many other great digital products. Best of all? You can buy all these with your dags! It sounds great, right? But what else does it offer users and artists? Let’s find out… For Artists For musicians, artists, writers and designers one of the biggest issues is getting paid fairly for your work, and, in some cases, even getting paid at all. One high profile example of this was Taylor Swift’s dispute with Spotify. For some, she was seen as a moaning millionaire, but the reality was a much deeper issue for all artists on the platform. This is because Spotify pays less than 1 US Cent per play, and of that tiny sum, all or almost all of it goes to record labels. Even though she was unable to get the streaming platform to pay more per play this was seen as a big step in the right direction. This is because Swift’s subsequent new record deal saw all artists on her label receive a fair share of this albeit small payment. But despite this, small artists on other labels continue to suffer most as they may get many hundreds of thousands or a few million plays and receive nothing or next to nothing in return. But, it isn’t just an issue in the music industry, talk to any writer, designer, photographer and they will all tell you very similar stories. Another big issue artist’s face is the high fees they have to pay after they have sold a product. Take the example of Upwork, where individuals can sell their artistic services to others – where the commission is 20%. Some may say that is not so much, but when you factor in the incredibly low fees paid for work (ca. $5 to write 1000 words – clearly many hours work) it just becomes untenable. This is why all artists on the Dagitally platform will not have to pay any fees or commission to use the platform. Meaning more money in your pocket to do the work you love! And, it doesn’t stop there! As artists and creators, you want to share your work with as many people as possible. So what would you say if you could share your work with the population of Iceland, instantly? Well, Dagcoin has more users than the whole of Iceland and that number is growing every day… Dagitally is your chance to share your work with a wider audience and receive the payment you deserve. For Dagcoin Users For all those who currently use Dagcoin, and for those thinking about using it, one of the biggest questions is ‘where can I spend my dags and what kind of things can I buy?’ In recent months, the number of businesses accepting the coin has risen to well over 1,000. In turn, a number of great new services have also been introduced and are on the horizon that give you even more possibilities and options to spend (and even earn) dagcoins such as Dagmarket, Dagcoin Games and the Dagcoin Card. Today, we’re introducing yet another new service — a service that will allow you to buy music from your favourite artists, audiobooks from your favourite writers and much, much more. This means that no longer will you need to buy these in fiat currencies from the likes of Amazon and Apple, or pay monthly subscriptions for these services. This is another big step forward in the journey of Dagcoin — to be a currency that people can use every day, and for anything. Maybe there are some creators already in our community who can’t wait to share their work or perhaps you know someone artsy who would jump at the chance? It is up to all of us to spread the word about Dagitally as it truly is a win-win for everybody. Users get the chance to buy great digital content from the musicians, writers and artists they love. And creators get access to a big community who will pay them fairly for their work. Conclusion Most of you pay subscriptions each month to access digital content. That content could be music from sites like Spotify or Apple, videos from providers like Netflix and Amazon, or online news from sites like The Guardian or New York Times. However, to access these services you have to pay subscriptions with fiat currencies. With Dagitally you will be able to buy music from your favourite artists, audiobooks from your favourite authors and much more – all with your dags. And, it doesn’t stop there. For artists, you will be paid fairly for your work because you won’t have to pay any fees to upload your work or pay commission from sales. Giving you more money in your pocket to do what you love. If you are a musician, writer, designer, or photographer, this is your chance to sell your work to a growing community of more than 400,000 people. And, for those of you who have artistic friends or family, a chance for them to take their career to the next level. Dagitally is a win-win for everyone, users will get great digital content they can buy with their dags and artists a fair price for their work. Dagitally is live now, so hit the button below to join a growing community of buyers and sellers! https://dagitally.com/
Discover the fastest growing Explore the ecosystem
1. Download wallet
Download the free DagWallet application to your phone or computer, or set up a Dagcoin webwallet account.
2. Get dags
There are many ways to get dagcoins – purchase from SwipeX, receive a Dagcoin Gift Card, or start accepting dags with your business. Find out all the options!
3. Discover the ecosystem
We are building the widest ecosystem for a crypotucrrency ever. This will fuel Dagcoin on the road of becoming the biggest and most usable cryptocurrency in the world.