Overview.
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?
Digitze is a Blockchain-based ecosystem and cryptocurrency which allows consumers to convert loose change into virtual currencies at the point of transaction. The loose change is tokenized into Digitize currency, allowing it to be used for payments, rewards programs and exchanged for Ethereum or to invest in the crypto index.
DIGITIZE ECOSYSTEM
The Digitize ecosystem will become the first global decentralized consumer ecosystem assisting the transition to virtual currencies
through the conversion of loose change. Through Digitize, consumers will have a platform to convert and exchange their loose change for Ethereum to invest in a crypto index token. Digitize also offers retailers a rewards platform, where they can award feedback rewards or offer discounts with Digitize tokens.
How it works:
Consumer Wallet
The consumer will have a wallet set up for conducting the transaction for security and easy use. The consumer wallet address will be stored on their smart phone app (as a QR code) and would liaise with the retailer wallet to receive and transfer digitize tokens.
Rewards
Rewards will be given to retailer to motivate them to encourage consumer adoption of Digitize. These rewards will be provided through a percentage of the transaction fee, as well as through reaching certain milestones i.e. the more consumers they refer to Digitize platform the more tokens they will receive.
REFERRALS
Digitize tokens will be generated during the token generation event which will be given to consumers who refer other consumers to the Digitize platform which will help market running and create awareness for Digitize.
Digitize coin consumer eco system:
Digitize will manage the following
things:
· Digitize token creation and the token. launch to fund development and expansion
· Establishment of a decentralized, fair and secure model for token execution.
· Development of smart contracts to run the order payment and fulfilment process. Release of the website and mobile app for retailers and consumers.
· Creation of an effective incentive model for all parties to join the Digitize ecosystem.
· Development of an active marketing campaigns to ignite initial traction.
· Elaboration of the ecosystem’s regulatory aspects.
TOKEN DETAILS
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.
Advisors
VERDICT:
Considering everything, digitize will make the cryptocurrency space more robust than before by bringing new revenue streams. Having a dedicated mobile app, this platform’s adoption rate will definitely go to a whole new level and will soon become the
mainstream tech to convert loose change into digitized cash. And, eventually, if the process of converting change into usable crypto coins works as intended, it’ll bring
the crypto world closer to public. However, as usual, users should go to the project’s website and analyse its credibility before buying some DTZ tokens for themselves.
Useful links:
Telegram Group: https://t.me/digitizecoin
Twitter: https://twitter.com/DigitizeCoin
Follow on Facebook: https://www.facebook.com/digitizecoinico
Website: https://digitizecoin.com/
Whitepaper: http://digitizecoin.com/whitepaper
Bounty: https://bountyhive.io/browse/Digitize%20Coin
Bountyhive referal link: bountyhive.io/r/Lynks