Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Pre sale] Digicash Bank: Decentralized cryptobank w/ stablecoin bkd by eth
by
decentralizedcapital
on 14/06/2017, 16:54:19 UTC
A bank for crypto currency?
how will it count the exchange rate of any money that will be deleted to the bank? please inform us any more detailed info.

Hello Anafiene,

Digicash Bank is not a bank for all cryptocurrencies. It is a decentralized bank with the goal of creating a stable ethereum asset known as digits. Digicash Bank exists outside of the legacy banking system all together. It achieves the goal of a stable decentralized currency by holding reserves in ether, making loans in digits and integrating with decentralized apps that will accept digit payments at the target value regardless of what price they are currently trading. These dapps that accept digits will receive profit sharing from the bank in return for accepting the digits at the target value.

Along with the methods above, Decentralized Capital is also building decentralized products that will only accept digits for fee payment. We have already launched the mvp of our decentralized exchange and have plans to greatly increase its usability to be on par with centralized exchanges. When the upgraded version is live users will only be able to pay their trade fees in digits, creating a demand for digits early on.

The product is detailed much greater in the whitepaper.