So I went to visit my friend today and when I got there I saw he was fidgeting. Why? He ordered a high value item from an online merchant and the item had not shown up and it’d been days past the due delivery date. Part of the problem was he wasn’t able to track his item again. I had to chide him for ordering something of such high value from a merchant’s site without having a go at the reviews or trust level of the merchant. Another guy who was with us assured him (negatively though) that his item would eother take even longer to appear, he’d been scammed by the online merchant or even if his item appeared it would be a counterfeit/pirated item.
After I got home, I thought long and hard about the problem my friend had and decided to take steps to prevent it. A big part of that reason is because I order a lot of stuff from the internet. While surfing I got the idea of getting an app to check trust levels of different merchant websites and came across DIW.
It was the long term solution to my short term worry
What is DIW?
DIW stands for Digital Identification Wallet and is a token that will eliminate the trust score problem we have on the internet. Online businesses that have fake reviews won’t be able to thrive once DIW kicks off. DIW has a vision to implement the use of cryptocurrencies for online purchase of items. This token ensures transparency due to the nature of its blockchain technology. Every DIW holder will have a trust rating and based on that factor (which I’d love to add, can’t be manipulated), customers can connect to online merchants.
However, this isn’t the only advantage of DIW. It offers a secure vault for storing online information ranging from social media login information, bank information and even forms relating to our everyday life. You can save everything on DIW without fear of a hack. Also, after its launch, DIW will aim to serve as a payment gateway for merchants thereby effectively reducing transaction costs. Wondering how they intend to handle several payments at once? They’re collaborating with the Raiden Network and are now tested to have a million transaction per second rate.
Furthermore, DIW will have a paid escrow service to ensure smooth flow of deals between customer and starting online merchants with no trust ratings or an unknown online merchant
The pre ICO will run from 6th March, 2018 to 20th March, 2018.
The ICO will run from 3rd May, 2018 to 31st May, 2018. Total token supply will be at 1,000,000,000 DIW. It’s an ERC20 token and its participation will be paid for in ETH. The tokens available for crowdfunding is 700 000 000 DIW and the hard cap to be reached is 28 million USD
DIW TOKEN ALLOCATION
700,000,000 DIW will be sold at ICO, tokens for the founders will be 150,000,000 DIW, future partners will hold 80,000,000 DIW, advisors and partners will take 50,000,000 DIW and 20,000,000 DIW will go for the Bounty campaign.
BitcoinTalk thread: https://bitcointalk.org/index.php?topic=2567416
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2037035