FAQs

DGCoin Token

What is the total supply of DGN?

The total supply of DGN is 100,000,000 tokens.

How is DGN being mined?

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.

How much of the DGN is pre-mined?

20% of the total pool, equivalent to 20,000,000 DGN.

How is the pre-mined portion distributed?

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.

How can I become a miner?

Keep a 200 DGN balance in your wallet and download the mining software here.

How are miner rewards calculated?

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.

How are masternode rewards calculated?

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.

Why do we give rewards to masternodes?

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.

Where can DGCoin be traded?

DGCoin can be traded at the following exchanges:

• Jubilee Exchange (www.jubileexe.com)
• More listings on exchanges will be announced.

DGCoin Ecosystem

What is the eventual plan for DGCoin?

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.

What are the elements within the Ecosystem?

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.

What are the current regions the ecosystem covers?

From August or September 2018, DG Pay will provide remittance services across the following regions:

• Hong Kong SAR, China
• Malaysia
• Philippines
• Thailand
• Singapore

What are the future target regions?

We intend to extend our reach to Australia, New Zealand, the Pacific Islands and European Economic Area.

What can we expect to see in future?

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 Application

When will DG Pay be launched?

DG Pay will launch its first version in August or September 2018.

Where can I download the DG Pay Application?

It can be downloaded from the iOS App Store at the start. Do keep a lookout for the Android release.

Where will DG Pay be launched?

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

On which iOS phones and versions is the DG Pay Application supported?

The App is supported on iOS11, and it is best viewed on iPhone 7, iPhone 7+, iPhone 8, iPhone 8+ and iPhone X.

On which Android phones and versions is the DG Pay Application supported?

The iOS version will be released first. Do keep a lookout for the Android release!

Where can I use DG Pay?

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

Who can use DG Pay?

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).

Company & Team

What are the Business Entities within the Project?

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.

Who are the Team Members?

Click here to see the list of Team Members for the project.

Who are the Advisors?

Click here to see the list of Advisors for the project.

Why do the Team Members hold Multiple Appointments?

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.

Token Sales

When is the Public Sale for DGCoin tokens (DGN) scheduled?

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.

Will there be further token sales in future?

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.

How do I participate in the Sale?

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.

Is there a minimum purchase?

The minimum purchase is USD10,000 equivalent.

After the purchase is executed, when do I have to deliver the payment to DiGi Holdings Limited?

• 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.)

Can anyone buy the DGCoin tokens?

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.

Is DGN deemed as an investment vehicle?

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.

What happens if I change my mind after buying the tokens?

Purchase of tokens are non-refundable and cannot be cancelled.

When can I expect to receive the DGCoin tokens after executing the purchase agreement?

• 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.)