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Dagcoin Presentation 2
Mission
To educate the masses and help to bank the unbanked
Vision
To become one of the most widely...
Dagcoin Presentation 3
Skype
Online messaging app with video chat service. Purchased by
microsoft for 8.5 billion USD. 1.5...
Dagcoin Presentation 4
History of money
Barter – 6000BC
Mesopotamian tribes started exchanging goods for other goods in re...
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  1. 1. Dagcoin Presentation 2 Mission To educate the masses and help to bank the unbanked Vision To become one of the most widely used cryptocurrencies 1 mil educated customers by end of 2018 Reach to 10 mil dagcoin users by end of 2018 Dagcoin OÜ, Estonia The software company behind the development of Dagcoin cryptocurrency and wallet. Also in charge of creating the ecosystem around Dagcoin. Estonia as a tech innovation hub has excellent environment for creating disruptive technology. DAG Corporation Limited, Hong Kong Educational company focused on educating the masses mainly in Asia and on the Indian subcontinent where cryptocurrency is starting to pick up and the knowledge of it is the most needed.
  2. 2. Dagcoin Presentation 3 Skype Online messaging app with video chat service. Purchased by microsoft for 8.5 billion USD. 1.5 billion downloads and 300 million monthly active users. Transferwise International money transfer service sending 650 million USD every month saving 25 million of transfer fees for customers. e-residency The first country to offer a transnational digital identity available to anyone in the world interested in administering a location independent business online. e-voting Estonia became the first nation to hold legally binding general elections over the internet. Estonia - Well known IT-hub
  3. 3. Dagcoin Presentation 4 History of money Barter – 6000BC Mesopotamian tribes started exchanging goods for other goods in return Metal coins – 7th century BC First coins appeared in ancient Turkey Paper currency – 7th century Paper currency was first developed in Tang dynasty China Cheques – 1659 The earliest known cheque which enabled a customer to draw on the funds that he or she had in the account in a bank Plastic cards – 1958 Bank of America launched the first successful recognizably modern credit card Online banking – 1980-s Banks launched their online banking services Mobile payments – 1997 First Coca Cola drinks were bought via text message Cryptocurrency – 2009 Bitcoin was released
  4. 4. Dagcoin Presentation 5 Cryptocurrency 77% of world’s poor have no bank account. That is more than 2 billion people – Bloomberg Everyone who has access to internet can own and use cryptocurrencies. Cryptocurrencies can be bought from various exchanges and will be stored in digital wallets. Value of a coin is based on supply and demand. The bigger the trust and usability the higher the demand, hence the value. Fix amount of coins are generated from a code and can not be counterfeited. Faster and cheaper transactions for both individuals and businesses regard- less of place and time. Governments have real interest in low cost digital payment solutions – they want to make payments to the poorest. They need to identify them and get the money out to them efficiently.
  5. 5. Dagcoin Presentation 6 Known cryptocurrencies Bitcoin The first and most famous cryptocurrency. Accepted in more than 500 000 stores. Price has risen from 0.0001 USD to 2200 USD. Market capitalization 37 000 000 000 USD. Dash A more private and almost untraceable cryptocurrency. Price from 0.2 USD to 130 USD in three years. Market capitalization 1 000 000 000 USD. Ethereum Price from 2 USD to 230 USD in 1.5 years. Market capitalization 21 200 000 000 USD. Ripple Structured to serve and enhance the existing global financial system. From mid March 2017 to mid April 2017 price rallied from 0.005 USD to 0.2 USD thanks to massive global implementation in banking systems (MUFG, BBVA, SEB, Akbank, Axis Bank, YES Bank, SBI Remit, Cambridge Global Payments, Star One Credit Union, eZforex.com). Market capitalization 9 500 000 000 USD.
  6. 6. Dagcoin Presentation 7 Opinion of business moguls Bill Gates Very efficient digital payment structure set up for all the poorest in the world. Through your cellphone you should be able to send money to your relatives and buy products. It’s the digital revolution. Bitcoin is exciting to me, it is better than currency. Richard Branson I think Bitcoin is working and there will be other currencies like it that may be even better. There is a big industry around Bitcoin and people have made fortunes out of Bitcoins.
  7. 7. Dagcoin Presentation 8 What is blockchain? Most cryptocurrencies are based on innovational blockchain technology. A blockchain is a public ledger of all transactions that have ever been executed. It is constantly growing as 'completed' blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order. To use conventional banking as an analogy, the blockchain is like a full history of banking transactions. Transactions are entered chronologically in a blockchain just the way bank transactions are. Blocks, meanwhile, are like individual bank statements. Blockchain challenges Transactions per second The ever-growing size of the blockchain is a problem for storage and synchronization. Bitcoin network can process 7 transactions per second and the most capable blockchains could theoretically process a few thousand transactions per second. VISA being the largest payments network is capable of processing 56 000 transactions per second. As cryptocurrency should help the unbanked, the need for transactions is much higher than even VISA can handle. Transaction fees Transaction fees rise with the increase of transactions. Users can pay bigger fees to the miners to motivate them to confirm transactions faster. Blockchain is great for smart contracts and corporate bureaucracy, but not for everyday currency. Bitcoin is perfect as digital gold, but not as everyday currency.
  8. 8. Dagcoin Presentation 9 DAG chain In addition to the information of the transaction, a DAG chain unit includes the signatures of one or more users who created the unit and references to one or more previous units (parents )identified by their hashes. Units are linked to each other such way that each unit includes one or more hashes of earlier units, which serves both to confirm earlier units and establish their partial order. The set of links among units forms a DAG (directed acyclic graph). There is no single central entity that manages or coordinates admission of new units into the database, everyone is allowed to add a new unit provided that he signs it and pays a fee equal to the size of added data in bytes. The fee is collected by other users who later confirm the newly added unit by including its hash within their own units. As new units are added, each earlier unit receives more and more confirmations by later units that include its hash, directly or indirectly. Unlike blockchains where issuing a block is a rare event and only a privileged caste of users is in practice engaged in this activity, a new unit starts accumulating confirmations immediately after it is released and confirmations can come from anyone, every time another new unit is issued. There is no two-tier system of ordinary users and miners. Instead, users help each other: by adding a new unit its author also confirms all previous units. References to parents is what establishes the order (only partial order so far) of units and generalizes the blockchain structure. Since we are not confined to one-parent–one-child relationships between consecutive blocks, we do not have to strive for near-synchrony and can safely tolerate large latencies and high throughputs.
  9. 9. Dagcoin Presentation 10 First uses of DAG chain Draft Back in 2015, Sergio Demian Lerner, a cryptocurrency specialist from Argenti- na, posted his draft (drafted already in 2012) of a coin based on DAG chain, which he named Dagcoin. This never became a project and remained just a draft, so no actual coin was created. IOTA In the end of 2015 a cryptotoken optimized for the Internet-of-Things (IoT) industry called IOTA, was introduced. Instead of the global blockchain, the main innovation behind IOTA is a DAG that they call Tangle – a blockless distributed ledger which is scalable and lightweight. IOTA is currently still in Beta. Byteball Byteball was introduced in the middle of 2016. Byteball is a decentralized system that allows tamper proof storage of arbitrary data, including data that represents transferrable value such as currencies, property titles, debt, shares, etc. There is an internal currency called ‘bytes’ that is used to pay for adding data into the decentralized database. Other currencies (assets) can also be freely issued by anyone to represent property rights, debt, shares, etc. Users can send both bytes and other currencies to each other to pay for goods/ser- vices or to exchange one currency for another. Dagcoin Dagcoin is the first asset built on Byteball’s platform and network, apart from Byteball’s internal currency bytes. Dagcoin and Byteball evolve hand-in-hand: Dagcoin benefits from the developments of Byteball and vice versa. The popularity of either one improves the network effect for the other one.
  10. 10. Dagcoin Presentation 11 Dagcoin as a cryptocurrency 1 000 000 000 coins – suitable amount of coins for both big purchases and also micropayments Decentralized – first external cryptocurrency on Byteball peer-to-peer net- work which gives you the control over your money Continuous development – huge community is developing the platform and the wallets Eco-friendly – no mining hence no heavy use of electricity 24/7 transactions - crossbank, crossborder, any time, anywhere Fast transactions – processing time of payments is only a few seconds Cheap transactions – low network running costs mean low transaction fees for users Secure – no risk of exposing your personal or card details Easy to use - everyday currency for paying everywhere with mobile phone Vast ecosystem – games, merchants, financial services, payment solutions Valuable – high demand for this next generation cryptocurrency Strong vision – DAG is the future of financial world and cryptocurrencies Multisignature – possibility of several signature requirement for payments Conditional payments – possible to set a condition when the payee receives the money, otherwise you can take the money back Mobile payments – no need to carry your cards or wallet, just your phone Fair Distribution – smaller amounts of coins are distributed to more people who have completed educational courses, no big speculators or traders
  11. 11. Dagcoin Presentation 12 Building the crypto ecosystem so far People have not been educated about cryptocurrencies and the benefits of using it. They need to understand it before they know how to use it. Marketing budget Mainly due to lack of finances, info and knowledge about crypto projects with great potential do not reach to regular people, only the crypto enthusi- asts know about them. Scams, on the other hand, spend a lot on marketing. Lack of integrity Scams rip people off and ruin the reputation of crypto. 90% of coin companies overpromise and underdeliver. Wrong markets Europeans and americans do not need cryptocurrency as much as developing countries do. More effort is needed for building the ecosystem in developing markets. Acquiring cryptocurrency must be easy and cost effective Today there are only a few user friendly and cost effective exchanges. Cryptocurrency has been mainly used for investments so most exchanges use the situation and they charge higher exchange fees than it would be reasonable to support mass adoption.
  12. 12. Dagcoin Presentation 13 Dagcoin approach Cryptocurrencies need years and years of exposure to the masses before they start accepting and using it. We educate people and reward them with our currency for free. Everybody can purchase the coins, but people who have studied the education materi- als can get coins for free. We create usability through online games, educational games for kids, participation requiring activities, e-commerce, financial services, payment solutions. Discounts for Dagcoin community members (travel, accommodation, shops). We use affiliate system to reach to more people in a shorter time and to build the popularity of the currency. Heavy investments in continuous development to use the most innovative tech.
  13. 13. Dagcoin Presentation 14 Dagcoin core values Every person on the planet has the right to have access to money and financial products. Using cryptocurrency must be easier and cheaper than regular currency – if you have access to internet you can use it. We invest heavily in tech development to support the people in need. Our strong focus is on educating the masses. Positive contribution to the communities and to the environment We support a charity in every country we are present in and our customers choose which one needs our help the most. Corporate We have a clear vision of where we are going with a deep commitment to deliver the best results. We always try to do the right thing with maximum integrity. We have a burning desire to improve and to make a difference.
  14. 14. Dagcoin Presentation 15 May July Aug Oct 4Q ‘17 End of ‘17 2018 End of ‘18 Beta Ready Send/Receive/History Public Exchanges Mobile Wallets Merchant API Public Distribution begins Multisign Several signatures are required for spending money Multiwallet Store money in different wallets Chatbot Online gaming platform 100 000 users e-Commerce Mainstream payment solutions Mass distribution 10 million users The Roadmap
  15. 15. Dagcoin Presentation 16 3 month Prelaunch period starts 1.07.2017 Customers We start building educated user base for Dagcoin cryptocurrency through selling educational courses Public exchanges Dagcoin will be tradeable on various exchanges Competitions There will be different competitions between our sales affiliates till the launch event on 01.10.2017
  16. 16. Dagcoin Presentation 17 Dagcoin offers you 8 Educational Courses Basic – 20 USD This course gives a basic overview of the definitions used in the cryptocurrency and sales industry. Starter – 100 USD This course is great for starting to learn about cryptocurrencies and the foundation of marketing and sales. After completion of this course the attendee is rewarded with 100 dagcoins. Explorer – 500 USD This course gives deeper insight into what cryptocurrency is and how to excel in the art of selling. After completion of this course the attendee is rewarded with 500 dagcoins. Advanced – 1000 USD Advanced course teaches the technical aspects of cryptocurrency and takes your sales skills to advanced level. After completion of this course the attendee is rewarded with 1000 dagcoins. Expert – 2500 USD This course teaches how to be an outstanding public speaker and to present your ideas. After completion of this course the attendee is rewarded with 3000 dagcoins. Pro – 5000 USD This course teaches how to become a professional in sales and gives a thorough guide to psychology and human behaviour. After completion of this course the attendee is rewarded with 6000 dagcoins. Mentor – 12 500 USD An intensive course for becoming a top level leader and a great mentor. After completion of this course the attendee is rewarded with 17 500 dagcoins. Investor – 25 000 USD In depth course on digital assets, markets, trading and investing. After completion of this course the attendee is rewarded with 35 000 dagcoins.
  17. 17. Dagcoin Presentation 18 Weekly reward Rewarded coins will be escrowed for 8 months in the web office During this time the coins will earn 3% weekly reward 50% of this reward will go into escrow for 8 months 50% of this reward will go into coin account in the web office Why should Dagcoin gain value? The price of a cryptocurrency depends on the demand. There can be real demand only if the currency offers a solution to the end user. Technical features Dagcoin enables us to make fast transactions at a very large scale so there is no scalability issue. The transaction fees are minimal and the denomination system makes Dagcoin suitable for micropayments as well. Usability The second major indicator is the ecosystem around the currency. The development team behind Dagcoin has a very big vision and strong strategy for bringing the coins to our wallets. Being one step ahead We do not know what will Dagcoin look like after one or two years, but what we know is that it will always have the best and most innovative features. Our developers are constantly working on the new tech to make it better and better. Compliance More and more countries are coming out with regulations for cryptocurrencies and Dagcoin is committed to always following anti-money laundering laws and regulations and to being in good relations with governments and authorities.
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