When considering what to write in my next blog I came across the idea to present a cryptocurrency called DNotes in more detail. Especially where I see differences between DNotes and other coins in the market and within my portfolio.
I have been monitoring the Dnotes Bitcointalk forum thread (link: https://bitcointalk.org/index.php?topic=1924858.0) for some time and also their Telegram channel that they recently created (link: https://t.me/joinchat/FB-UaUjrQiji-EBatHLsuA) and I must say that information they share there is really valuable and always accurate.
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Of course, I’m not writing about DNotes, just because I have nothing better to do, but first of all because I have invested in them and want to see them succeed and grow. I admit that much :))
That is not all, however. I invested in Dnotes because I honestly believe that DNotes is one of the most undervalued coins out there at this time. But of course, do check for yourself. As I have said in my previous blogs: in crypto do not believe anything just on what other people have said, but do your own research and decide for yourself.
Here is the link to their homepage, where you can find out more about DNotes and read their whitepaper: https://dnotescoin.com/.
Hereinafter I will write about some of the advantages that I see in comparison to the other coins. First one is definitely the team, who in my opinion is very trustworthy and has a great vision. As some of you probably already experienced at some point, it is not easy to find trustworthy teams in the crypto space. Many of them just want to make some fast money and stop development as soon as they fill their pockets, after making it on large exchanges. The DNotes team is working since 2014 and have talked publicly about how they want to avoid such pump & dump scenarios, and rather build sustainable value. Furthermore, they are constantly in touch with their community and investors on their Bitciontalk forum thread and other social channels. They value their community and want to grow together for everyone’s benefit.
This value building vision goes far beyond just building a good cryptocurrency. The DNotes team have the ambition to build a massive network of businesses to drive cryptocurrency adoption to go along with it. These include creating their own cryptocurrency exchange, bank, and releasing debit cards.
They are not trying to solve only niche problems, but have a plan to become a real, usable currency.
I understand that it is one thing is to speak about big plans, but to achieve them is much harder. The DNotes leadership have experience in ambitious projects, and they frequently talk about the importance of leadership qualities to make projects successful, even in the development of decentralized currencies.
DNotes is not just a cryptocurrency, but it will be supported by integrated business ecosystem via DNotes Global. DNotes Global is a for-profit, incorporated company that develops DNotes’ global payment network and blockchain application deployment platform that will allow the issuance of tokenized assets. The company also develops and manages a business ecosystem that will support the payment network by offering additional functionality.
DNotes Global will serve as the DNotes payment system’s bridge to the existing centralized financial world. Building the whole ecosystem will also add more intrinsic value, which will make coin more resistant to downwards trading pressure, in the pursuit of making it a better and safer long-term investment.
When we come to financing cryptocurrencies, we can see that today most companies decide to do it by doing an ICO. But at the same time ICO’s are getting more and more attention from regulators, with some companies receiving subpoenas from authorities. Many of these companies and projects could have serious problems in the future. On the other hand, DNotes has chosen different method for funding. Their plan is plan is to use two rounds of funding – Reg. D 506 (c) for $5 million in the coming months, followed by Reg. A+ Mini IPO Title IV Tier 2 to raise up to $50 million from accredited and non-accredited investors worldwide, within a 12-month period to be initiated by the end of the year. The raising of money in a manner compliant with regulations could be a deciding advantage in the long-term over competitors if regulators continue their current path of investigating ICO projects and classifying them as illegal securities.
One thing that is well known is that many ICO’s raise money not to pay to build for a quality product, but just to pay for marketing and exchange listings, making them more marketing gimmick coins than projects that produce anything of value. Once they are listed on the exchanges, they wait for the coin to go up and dump their holding of the coin. This would likely explain many of the rapid rises in price, followed by swift corrections that I’m sure so many of you have experienced. I unfortunately have had this frustrating experience numerous times. Of course that is good if you are in for pure speculation and are just a trader, but for investors who want to find long term value from a project that plans to be successful and use winning strategies, I would argue that DNotes could be a far better option!
I also really like the CRISP savings program rewards, which stands for Cryptocurrency Investment Savings Plan. These reward rewards DNotes owners with 0.5% interest, every month (6 % annually). This is on top of the staking reward you can earn through Proof Of Stake. Currently the team are working on cold staking to make it extremely safe to stake your coins, which will minimize risk for users.
A feature that I think will be huge going forward, and that I haven’t really seen in other projects is the automated invoicing feature that DNotes have built into their blockchain itself, and can be used through the wallets. Invoices can be automatically generated from the merchant or software and tied to the end of the DNotes address, making it easy and seamless for the end user use and pay.
The DNotes team are always trying to find useful things, rather than ‘gimmicky’ things to add to their network, because those are the things that will help the currency go mainstream.
DNotes was initially forked from the Stratis blockchain and the team made numerous changes to the code to take it the way they wanted. I’m really looking forward to smart contracts on the platform, and the issuing of tokenized assets through DNotes future investment wing that will launch after their funding rounds.
There is also a great bunch of other features and advantages, but I often think they are better explained by the team themselves, so I recommend people go read their Bitcointalk forum and go say hello in the telegram channel.
Best of luck researching!