What is DENcoin?
The position of cryptocurrency in today’s world grows rapidly. The combined market capitalization of all cryptocurrencies has increased more than fivefold since early 2014, reaching almost $150 billion in August 2017.
Since Ethereum was introduced and rapidly developing for these several years, people found that Ethereum has more potential than just being a kind of virtual currency. The invention of blockchain, being the underlying technology of Ethereum & Bitcoin, has proven its unlimited capacity to be more valuable than Ethereum and even Bitcoin itself. As it can be applied in the development of diverse kind of applications in any marketplace.
Built based on the ERC-20 algorithm, “DENCOIN BUSINESS SYSTEMS” or “DENcoin” will be the first of its kind globally, designed to be a stable global form of payment acceptable firstly on the Diamond Empire Network (DEN) platform and subsequently on global marketplaces. This incentive is an attempt to tap into the good advantages of decentralizing digital payment systems: a system that is completely controlled by the community as a whole & not any single individual. Our soon-to-be-released DENMart allow just about anyone to create an online store which utilizes the most advanced technologies in the e- commerce field, creating an option to pay for goods and services (offered both by DEN and premium entrepreneurial users of the platform) with DENcoin, FIAT and a range of other stable cryptocurrencies. Our service will offer great opportunity to entrepreneurs, small scale manufacturers/retailers, family businesses and a whole lot of businesses. Alongside this, we will service our customer base with a comprehensive twenty-four (24) hour customer support.
The promise of crypto is to enable fair and open systems; DENcoin was designed with this goal in mind. The utility tokens (DEN) willstay stable as its linking utility makes it a usable currency globally. Like other successful crypto projects, DEN will generate support from the community through demonstrating alignment with these principles.