The total supply of DGN is 100,000,000 tokens.
DGN is mined from the remaining pool (100,000,000 – Existing Pool) when a miner node (registered miner node with active balance of 200 DGN) records a new transaction on the DGN blockchain.
20% of the total pool, equivalent to 20,000,000 DGN.
6,000,000 DGN (30% of the pre-mined pool) is allocated to various phases of fundraising, as depicted in the fundraising schedule in the whitepaper. The remainder 14,000,000 DGN is the founders pool and is used to pay for development and initial project costs.
Keep a 200 DGN balance in your wallet and download the mining software here.
The rewards generated per successful mining is equivalent to 0.0000001 of the remaining pool, of which 40% goes to the miner node, 40% is equally distributed to all active and online masternodes (wallets with 1,000 DGN balance or more), and 20% goes to DiGi Holdings Limited to sustain operations.
The rewards generated per successful mining is equivalent to 0.0000001 of the remaining pool, of which 40% goes to the miner node, 40% is equally distributed to all active and online masternodes (wallets with 1,000 DGN balance or more), and 20% goes to DiGi Holdings Limited to sustain operations.
Masternodes that are online at the time of the transaction will equally share the reward.
Masternodes comprise of various individuals with a high vested interest in the DGCoin Ecosystem. They are highly likely to be remittance houses and the DG Pay network of Money Service Operators. In this case, we ensure a portion of the rewards flow to the stakeholder of the system, those whose business contribution play an active part in the growth and development of the entire ecosystem.
DGCoin can be traded at the following exchanges:
• Jubilee Exchange (www.jubileexe.com)
• More listings on exchanges will be announced.
DG Pay, the remittance mobile application that makes use of the DGCoin ecosystem to perform efficient global transaction is set to launch in August / September 2018 in several jurisdictions across Asia. Details are mentioned in the whitepaper.
It is expected that the next 2 years additional products and services will be added. This would include payment capabilities, foreign exchange trading platforms.
The DGCoin Ecosystem will comprise of 4 layers, the first layer being the DGCoin Blockchain, the second layer being Peer-to-Peer Services, third layer being Global Decentralized Wealth Management and the last being a Global Online to Offline Implementation. Details can be found in the whitepaper.
From August or September 2018, DG Pay will provide remittance services across the following regions:
• Hong Kong SAR, China
• Malaysia
• Philippines
• Thailand
• Singapore
We intend to extend our reach to Australia, New Zealand, the Pacific Islands and European Economic Area.
Greater geographic reach, more products and services and larger liquidity as DGCoin gets listed on more exchange platforms.
DGCoin also aims to get listed on Gibraltar Blockchain Exchange, the world’s first regulated cryptocurrency exchange.
DG Pay will launch its first version in August or September 2018.
It can be downloaded from the iOS App Store at the start. Do keep a lookout for the Android release.
As a start, DG Pay will be launched in the following countries where DG Pay has agent partners.
• Hong Kong SAR, China
• Malaysia
• Philippines
• Singapore
• Thailand
The App is supported on iOS11, and it is best viewed on iPhone 7, iPhone 7+, iPhone 8, iPhone 8+ and iPhone X.
The iOS version will be released first. Do keep a lookout for the Android release!
DG Pay can be used anywhere in the world as long as there is internet connection. However, remittance and money changing instructions need to be performed in the following regions where DG Pay has agent partners locally. At the start, DG Pay will be launched in the following countries:
• Hong Kong SAR, China
• Malaysia
• Philippines
• Singapore
• Thailand
Anyone with a Smart phone can download and register a user account. The user will be required to perform a simple process of verification of identity, before remittance instructions can be made. Details are available on the DG Pay website (www.dgpayglobal.com).
DiGi Holdings Limited, a fintech company incorporated in Hong Kong, heads the entire DGCoin Ecosystem, with Jubilee Fintech Holdings Limited, Digi Bank and a network of MSO licensed companies in various capacities of a strategic partnership.
Click here to see the list of Team Members for the project.
Click here to see the list of Advisors for the project.
The executive committee of the DGCoin Project is formed by pooling together top management members from the main or partnering entities, and as such, the existence of multiple appointments.
The Public Sale is scheduled to begin in August 2018 along with the launch of the DG Pay mobile application. The exact date and time of the sale window will be published closer to the date.
Depending on the performance of the business and the need for further funding, the executive committee of the project will decide if or not there will be future token sales.
When the sale window is made public, you can register at token sales page as a subscriber and make the payment for DGN in Bitcoin (BTC), Ethereum (ETH) or US Dollars (USD). The DGN will be issued to the wallet address within the subscription after the token sale closes. The token sales page will be announced soon.
The minimum purchase is USD10,000 equivalent.
• For purchase in BTC or ETH: 3 working days
(Note: Reference to pricing will be taken from https://coinmarketcap.com on the date you execute the DGN Purchase Agreement.)
• For purchase with USD via wire transfer: 7 working days
(Note: USD shall be valued as quoted in the exchange rate published by the United States Federal Reserve at 12pm EST on the date you execute the DGN Purchase Agreement.)
Citizen, resident of, or a person located or domiciled in Japan or any other country where token sales have been banned or are banned, should not purchase or attempt to purchase tokens. Tokens are not being offered or distributed to citizen, resident of, or a person located or domiciled in the United States of America, including its states, territories or the district of Columbia, or any entity. DiGi Holdings Limited is not soliciting purchases by such persons in any way.
DGN tokens are not designed for investment purposes and should not be considered as a type of investment. You should not participate in the Token Distribution Event or purchase of Tokens for investment purposes.
When you buy the Token, you acknowledge, understand and agree that you should not expect and there is no guarantee or representation or warranty by DiGi Holdings Limited that: (a) the Project will ever be adopted; (b) the Project will be adopted as developed by Digi Holdings Limited and not in a different or modified form (c) a blockchain utilizing or adopting the Project will ever be launched; and (d) a blockchain will ever be launched with or without changes to the Project.
Purchase of tokens are non-refundable and cannot be cancelled.
• First disbursement date: will be set at 9 days after you execute the purchase agreement
• Subsequent disbursements: will be at monthly intervals
(Note: if the disbursement is due on a disbursement date which is not a business day, then the disbursement need not be made on such a date but may be made on the next business day.)
DGCoin operates from Hong Kong SAR.
Yes, DGCoin operates under the legal parameters of the laws of Hong Kong SAR, with professional legal advisory from King & Wood Mallesons, one of the top legal firms in Hong Kong with respect to the blockchain and cryptocurrency markets.
Yes. DG Pay is operated by legally licensed Money Services Operators in our various jurisdictions.
DGCoin is not available to citizens and residents of USA, Japan and any country that prohibits Initial Coin Offering (ICO) participation.
No, it is not a security token as no dividends or profit sharing are paid with respect to the performance of the companies.
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