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The UK-based company Denaro looks to solve one of the largest problems in cry
cryptocurrency: liquidity. While exchanging one crypto to another has become extremely accessible, the same cannot be said for exchanging crypto to fiat, and vice versa.
Issues WIth Crypto-to-Fiat Exchanges
Typically, only major cryptocurrencies are accepted, so users will have to exchange their altcoins into Bitcoin, Litecoin, or Ethereum if they are already not holding these. After that, there are typically many confirmations that users must go through to start the selling process, which can take another couple of days depending on the deposit method.
Denaro will be implementing a wallet that supports multiple cryptocurrencies, as well as a linked physical debit card. Users will be able to access the funds through a web wallet or through the card, allowing Denaro users to pay through any offline or online terminal.
The wallet will be powered through smart contracts, in order to ensure safety and security of user funds. Since the wallet will be used to send and receive both cryptocurrency and fiat currencies, the wallet must be able to protect against hackers and other malicious actors.The card Denaro will be offering will accept BTC, ETH or Denaro’s native token DNO allowing merchants to accept a multitude of cryptocurrency payments through POS terminals as well as API/SCI functions.
Denaro’s hope is to make cryptocurrency usage as easy as inserting a card or clicking a button.The DNO token offers advantages compared to Bitcoin and Ethereum like bonuses, discounts, as well as access to premium merchant services on the network.In part of their mission for high user adoption, personalized cards are available for users with high volume, with free POS terminals given out to merchants as well.
Start of development will begin in April, for both the web platform as well as iOS and Android apps. March should see the development of crypto payment terminals, with May an especially monumental month. The marketing campaign will begin in May, as well as the attendance of the Consensus conference, and launching of the finished DENARO project. By the end of May, DNO should be listed in the biggest exchanges, with June 2018 and onward dedicated to the continued improvement of the Denaro project.
Denaro Token Sale Event
To support the development of the platform, Denaro have announced a Token Sale Event. The DNO token sale will launch February 9th, and participants can contribute using BTC, ETH, LTC for crypto contributions, and users can use epay.com for any fiat payments.The price will be set a rate of 3000 DNO tokens per ETH, with a total supply of 100,000,000 tokens and a hard cap set at 65,000,000 for the sale.
A 25% bonus will be given for the first 15 million tokens sold, 10% for the following 20 million sold, and then a 5% bonus for the 25 million sold after that. Denaro will also incentivize community participation through a referral commission system, which will give referrals a 3% bonus for every purchase made through the referral.
To find out more about Denaro, visit the Website: https://denaro.io/Follow us on Telegram or subscribe to our newsletter here.
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