What Is Dimcoin (DIM)?
Dimcoin is a tradable speculative cryptocurrency and DIM currencies are fiat-pegged digital currencies for the DIM-Ecosystem e-commerce and merchant purchasing.
It is a decentralized private and cryptographic digital exchange medium, which is proposed to provide fast and secure transactions.
The ownership of the DIM currency provides individuals with access to the service that is to be provided by its ecosystem.
The access tool to the DIM Ecosystem is the Depotwallet, an online wallet that was designed specifically to manage the Dimcoin.
What is DIM?
To fully understand Dimcoin, you will need to know what Dim ecosystem is.
The DIM Ecosystem is a collective of financial and equity service providers that utilize the Data Interchange Module (DIM) cryptocurrencies a means of exchange.
The DIM Ecosystem offers services like cryptonisation (virtualization) of equity, trading in cryptonised shares and assets, cryptocurrency exchanges, crypto-fiat currency exchanges, e-commerce, debit card purchases, business transactions, and commodity trading.
Users can access these services through computers and hand-held devices.
The network provides a means for the exchange of fiat against cryptocurrencies in their portfolio and to exchange between the systems several native currencies (DIM currencies) across the world, eliminating the burden of high exchange fees.
It is also looking to make it more convenient for both users and merchants to monitor their spending effectively.
The platform which was built on the NEM platform makes use of two DIM currencies, the DIMCOIN and DIM Currencies.
The first one, Dimcoin is a speculative coin that can be exchanged against other cryptocurrencies.
The value of DIM Currency meanwhile is equivalent to the fiat currency that it is exchanged from. Users can exchange DIMCOIN for DIM Currencies in order to purchase assets in the DIM Ecosystem.
Asides the DIMCOIN and the DIM currencies, the ecosystem has a third currency, the DIM token.
This was made available to the public during the ICO. The tokens represent a form of ownership in the DIM Ecosystem.
Token holders with +50 DIM TOKENs will receive 30% of the net fee transfers on the DIMCOIN, DIM Currencies and cryptonized assets conducted in the DIM Ecosystem.
The DIM and DIM Ecosystem are currently operating independently of the DIM Foundation.
Hybrid stock exchange
The Dimcoin would also be used on the hybrid stock exchange platform developed by DIM. The Hybrid Stock Exchange (HYBSE) is the online trading platform for global issuers and investors and it provides a range of cryptonized assets.
The securities that are tradable on HYBSE include ICO and IPO, cryptocurrencies and cryptonized shares, forex exchange, index, and pirate markets, exchange tradable commodities, funds, and notes.
Disclaimer: This is not investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your own research and/or consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.