- ABSTRACT
Buying and selling ether remains a centralized process that’s long and difficult: • It takes time and costs money. Registering online, depositing money and getting verified takes days or weeks. And time is money. • Decentralization is at the core of blockchains value proposition; yet, central entities still play a major role in the process of buying cryptocurrencies. • The overly complex buying process creates barriers to Ethereum mass adoption, as more than 2 billion adults are unbanked and don’t have the necessary bank account to buy ether. • The last mile issue in cryptocurrency transactions has yet to be solved. How to transform cryptocurrency into cash in only minutes.
That’s why we created Dether.
WHAT IS DETHER?
Dether provides a decentralized peer-to-peer ether network that enables anyone on Earth to buy ether with cash and spend it at physical stores nearby. No bank account is needed, just a mobile phone with internet access. Our belief is that the beauty and power of the Ethereum technology should be easily accessible to all.
We’ve decided to put all of our energy and that of the Ethereum community into helping us build the first trustless solution that will allow anyone to be able to interact with the Ethereum blockchain no matter who you are, where you are, and without the need for a middleman.
CROWDSALE DETAILS
ÐTH token total supply: 100.000.000 ÐTH max will be minted during the crowdsale. Maximum cap on crowdsale: 15.000 ETH Method: ETH accept
Dether’s team has been focusing on building a trustless mobile app since 2016, and all the lights are green to launch a ground-breaking blockchain app in a favorable economic context. That’s the reason we’ve been focusing on studying and understanding our market targets in order to know which ones will most likely be Dether’s early adopters, early majority and late majority.
6.2 A RISING INTEREST IN CRYPTOCURRENCY ALL OVER THE WORLD FOR POLITICAL, SOCIAL AND ECONOMIC REASONS
The volatility of cryptocurrency is sometimes described as a disadvantage for its adoption. If this may be true in some situations, it hasn’t stopped many nations from all over the world from beginning and continuing to invest in cryptocurrency, due to economic, social and political factors. Overall, there’s an increasing interest in cryptocurrency that is very much related to one of the following reasons:
• The (hyper)inflation that a country’s population can undergo due to the currency fixation by the government. In 2016, fourteen countries had inflation levels above 18%. According to the International Monetary Fund (IMF), the Venezuelan economy will see an inflation rate of 1,600% in 2017. Nigeria is also a pertinent example of a country whose inflation of the local currency was caused by the decision of the government to fix the exchange rate of the naira, leading its population to consider cryptocurrency as a safe-haven currency.
• In countries where freedom of speech is not guaranteed, the anonymity that a cryptocurrency offers has made it widely popular. This represents a powerful tool for migrants and refugees leaving their home country because of war or unrest, and who may wish to eventually speak out against a regime or the government. It also functions as a powerful tool during revolutions and demonstrations. The Arab Spring is a pertinent example of a time when social media was used by both rioters to organize demonstrations and also by authoritarian governments to prevent unrest by identifying demonstrators.
• In a time in history where populations can easily move from one country to another, high trading fees and commissions taken by remittance companies represent a rising and tremendous business, and cryptocurrency has the power to lower these financial barriers by proposing almost no fees and commissions on cryptocurrency transactions. This trend is particularly important among diasporas of workers who go abroad to find a better economic situation and who allocate a percentage of their income for their family back home.