Do you know that most government bodies make huge budget in the production of physical currencies?
Carrying coins in your wallet or purse is just hectic. Trust me, the coins can be bulging in your wallet or jingling around in your pockets. These loose changes cause many problems ranging from taking up space in your wallet or purse, being easily lost or dropped to the hassle taking it out and spending. ING bank conducted a study in Australia and found that, an average Australian adult lose $60 in loose change a year. Similarly, Americans throw away $62 million in coins each year and Britons have £342 million pounds in loose change stashed around their homes.
DIGITIZE IS THE ULTIMATE SOLUTION!!!!!!
Digitize solves the problems of loose change by letting you convert your change at the point of transaction straight into your own digital wallet and allows you to trade it for Ether or use it for future payments.
What is Digitize
Digitize is a blockchain-based ecosystem and cryptocurrency that allows consumers to convert loose change into virtual currencies at the point of transaction. The loose change is converted into Digitize tokens, allowing it to be used for payments, loyalty programs and exchanged for Ether.
Digitize allows your loose change to be converted into crypto on its mobile digital wallet at the retail point- of- sale. This mobile wallet will be available on android and IOS platforms to be downloaded and used by all. The main focus of Digitize is on performance which will be provided through the predictability, stability, and ease of implementation of smart contracts.
Digitize Ecosystem
The invention of Bitcoin in 2008, brought the digitalization of currency into lime light. Yet, mass adoption of cryptocurrencies continues to be low. The ecosystem of Digitize is one of its kind as it is the first in the world of crypto in converting your loose change to something worthy. The ecosystem consists of the platform, retailers and consumers. Digitize also has smart contracts, payments and exchange platforms as some examples of blockchain applications on the network.
Platform:The Digitize platform is a decentralized marketplace that allows retailers to join, offer Digitize tokens for sale, carry out promotions and receive feedback from consumers. It also enables consumers to purchase cryptocurrencies at the point of sale and participate in rewards programs.
Retailers: Retailers are companies or individual retailers in the business of selling products and services, directly to the public.
Consumers: Consumers are the individuals that will use Digitize services who will be required to download the mobile application and complete a KYC process to access the Digitize platform. They will also be able to access an online suite of tutorials and manuals to learn how to use Digitize.
Benefits of Digitize
· The platform allows retailers to use QR codes and Blockchain technology to help users convert their change to crypto.
· The mobile wallet solves the challenge of handling private and public keys.
· Digitize provides large scale benefits to the retailer through the publicity, marketing and consumer demand received by announcing a crypto-partnership.
· Digitize allows consumers to participate in rewards, receive promotion, referral and feedback rewards.
· Allows retailers to be rewarded to motivate them to encourage consumers to adopt Digitize.
· Allows consumers and businesses to receive much incentives.
Digitize Tokens
DTZ is the symbol of the tokens on the platform which will be used for all exchanges and transactions. Tokens will used internationally and can be exchanged for local currencies and other popular currencies.
Pre-sale
Start date: 11:00 AM (GMT) on 06 April 2018
ICO
Roadmap
Roadmap includes the development of all features within the Digitize platform, including support and interface for ecosystem participants.
Team
Digitize founders and team members have firsthand practical experience working within the IT and banking industry. The team has extensive experience working with payment systems in both back end infrastructure and front end user design. The team also has extensive experience with digital currencies, and understands the behaviors influencing consumer push towards digital currencies. View here to know more about the team
Visit the following link addresses to know much about DIGITIZE.
Authorship
Bountyhive username: MinaEsi