Bright future for DasCoin mapped out in Dubai

Published by Carlos Almeida — 11-30-2017 at 11:02 PM UTC

We had an amazing time at our Dubai Global Leadership Summit last weekend.
John Pretto announced the arrival of NetLeaders USA, which will be launched in Las Vegas next year. Offices have been secured and a Global Leadership Summit will be held in Vegas in June 2018.

NetLeaders advocates in Dubai last weekend were treated to some spectacular announcements concerning the immediate future of the DasEcosystem. We have compiled a bitesize digest of the 12 most important strategic projects going forward.

A NetLeaders USA office operating out of Las Vegas is due to be opened in 2018 while a major global leadership event will be scheduled for the summer in the Nevada city often described as the entertainment capital of the world.

A specially commissioned short film charting the personal journey and core beliefs of DasCoin Founder and CEO Michael Mathias was shown to wrapt delegates in Dubai. Watch it here:

Michael outlined a new approach in which the DasEcosystem would be underpinned by a triumvirate of equally important and influential networks: The first of these was explained as “the network of technology on which we can organise this whole thing, and we call that DasCloud – that’s the servers, all the technology nodes in our network. Then we have the customers and the advocates, that’s a very important network of people and that’s NetLeaders, and we also have the beginnings of our partners network, our EcoPartners: this is an alliance with entities and institutions which we call DasInternational. When you look back a year ago and look where we are now and look what’s happening we have grown a ton in a year since the last time we were here in Dubai but now we want to focus on what the next year is.”

Michael said DasFoundation, which has a largely ethical standpoint, is going to be “at the heart of everything we are doing.” He explained: “DasFoundation has an incredible mission to continue and build on the beginnings of what we are doing in our business and take it to the next level. We are going to put up Blockchain technology for nations around the world, taking unusable land and applying innovative restoration. We want to make this whole thing better and this foundation is going to be at the heart of everything we are going to be doing.” He then went on to explain the arrival of enhanced democracy via “voting nodes” within the ecosystem. “People with a certain level of holding will be voting on proposals, they’ll vote on what changes to bring in. It’s an important change to the environment. It will be a very vibrant community and we need your voices.” Both these proposals attracted plenty of applause from delegates, so too did the announcement of DasChains. In essence these will be bespoke Blockchains built from within the DasEcosystem which EcoPartners can use to operate their businesses. Michael said: “This platform can be used for all manner of ICOs and we can launch the first ones next year. These include utility tokens, which are a new realm, and security tokens which are more for accredited investors. We are working with some very interesting people around unlocking and tokenising illiquid assets on our Blockchain. We believe the real story is in utility tokens because that’s opening things up to non-accredited investors. That realm is where anybody can put any amount of money in; it’s not restricted to any levels of wealth. We don’t want to lock people out of participating in these things.” He continued: “Our network is going to grow so fast this year that other businesses are going to want to share in our community and that’s a way of strengthening our network. We have a consortium model that is optimised to run dedicated Blockchains very cost-effectively for a wide, wide spectrum of different applications. These include business and consumer apps, and we are going to launch them next year.”

Building up protection against the threat of quantum computing is also at the forefront of the DasEcosystem. Michael said: “We’re doing a lot of research and we want to be at the forefront of this. People are always talking about quantum computing, saying all this cryptocurrency is great but what about modern computing and how can that ruin the party? We have the ability to respond very quickly. We have a lot more deployment control than an open system and we have been doing some preliminary work in this field. We can be very assured of a quantum-proof future. We are going to be doing quantum-proof computing, there are also quantum-proof encoded algorithms that use techniques like lattice encryption to ensure quantum computing is not effective against us.”

Terry O’Hearn, Director of DasFinancial, told leaders that the global expansion of Blockchain and its wider adoption outside cryptocurrency could unlock real value for the DasEcosystem. He said: “You can transfer value through Blockchain very easily. You can store value. This is going to grow exponentially over the next few years. A lot of new banking products will be introduced – both in pure cryptocurrency and hybrid models. Land Value is an opportunity to do a lot of special things. We have been talking about that in terms of helping in Africa, but it will be growing right up to commercial loans and mortgages. Insurance and managing risk is one of the most inefficient sectors quietly operating under the radar: there’s an opportunity to save 30% to 50% very easily by cutting out the middle man and doing things more efficiently with Blockchain and smart contracts. We are going to see that industry disrupted and there will be big opportunities.” He said DasFinancial would look at ways of bringing value to members, such as car insurance at half its retail cost, while sustained growth in the network “can bring value to all of us in several different ways.” He added: “If there’s something we can do that could have a positive impact on price appreciation we will do it. There are things we can do which will elevate the demand for DasCoin and that will be good for all of us and will have the knock-on effect of providing liquidity.”

When a business from outside seeks to do business with DasCoin, it will have to meet a series of criteria, to be known as the “third-party checklist”. Terry explained: “We need to make sure that whatever entity is coming in is providing value to the system. It doesn’t have to be just be financial, there are social aspects and many other ways of providing value. Does it provide utility for the ecosystem? What can we do with it? Is the application/business/product or service legal? We will ask these questions and will be doing what we can to make sure that illegal activities aren’t conducted on our network. There are other networks out there and when you have a platform which is open to illegal activities it erodes trust. We have earned trust over time. Has the architect of the application/business/product developed a firm business plan? We want to make sure they’ve done their homework.”

Terry was keen to stress that a “tremendous amount of activity” is taking place to ensure DasCoin is ready to trade on public exchanges by the end of March 2018 and outlined a series of milestones and deadlines put in place between now and then to ensure readiness. He said there would be a third-party entity enlisted to serve as a clearing platform to carry out the transactions. He explained: “We are deep into discussions with a deeply professional team who will be able to operate the exchange and this will be finalised by the end of this year. He said he would be working directly with a team in Belgrade ahead of the public exchange launch. Terry added: “There will be other digital assets and fiat currencies on the exchange and we will do a soft launch in Q1. We have no date on that yet because there too many variables but probably in Rio [January] we should have a date for the soft launch. I think the date for London [main public exchange launch] has been moved to March 24 and we will hopefully have more than one exchange by then.”

DasPay, our mobile payment solution is going to be the first payment solution where you are actually spending cryptocurrency; others use a pre-pay version where you are loading the card and you are actually using fiat currency. In this one you are really spending DasCoin. It’s the most advanced mobile solution and there is no change for the merchant to worry about so it’s super easy for them to accept it. DasPay is one of the main reasons for people joining the network.

George Sarcevich, Director of WebWallet, believes 2017 has been an “incredible year” in the digital asset world in general with WebWallet enjoying “an even more incredible year”. Volume on the DasExchange has increased through the wider distribution of validators but growth would be controlled. “As we add new functions to the system we try to adhere to the WebWallet design principals. We try to have a minimalist easy-to-understand user interface and we want to be compliant across jurisdictions.  

The WebWallet marketplace has an important future too.  There will be a lot of exciting developments in the coming year and we look forward to building it all with you.”

Pavle Lekic, in charge of customer service at DasCoin, revealed that his group are in the final stages of preparing a secondary support centre in Kuala Lumpur, specifically to support the Asian market. “This will be dedicated to markets like China, Malaysia, Vietnam, Japan and communicate with customers in their native languages.” The addition of this centre to complement the existing customer service hub in Belgrade will provide extra benefits. “There will be more live chat coverage, very close to 24-hour coverage, and we will improve the e-mail response time.” The Belgrade offices will be staffed by 26 support agents by the end of the year. The options to access customer service are e-mail or live chat.

Ed Rosso, Brand Manager of Marketing at NetLeaders, announced a number of major updates in terms of communicating the DasEcosystem. The new DasCoin website features the brand vision prominently and the next stage would be to reveal more about the DasCoin board members. “We have been interviewing them, asking them why they believe in the DasEcosystem, what their history is and why we should listen to their opinions and we have some incredible stories from these people. In about two weeks we will start uploading all of these videos so you can understand their motivations, their reasons for being part of DasCoin and why they believe in what they’re doing.

Ed also reflected the importance of the DasPay launch. “We think DasPay has the potential to be one of the biggest ICOs of all time and we are already working with top creators to make sure this lands with a huge, huge bang.”

About Carlos Almeida


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