WHAT IS DETHER
Dether is a global innovation in the field of decentralized software for mobile devices, which allows the user to purchase ether for cash and pay them in traditional supermarkets and boutiques. No bank account will be required. The only thing you need is a smartphone with internet access. All the beauty and functionality of Ethereum technology must be understood and accessible to all. To this end, all the forces of like-minded Ethereum were involved, to develop a system that would allow users to work with the blockade Ethereum, without the need for mediation, from anywhere in the world.
ADVANTAGES
Dether will give any user with a smartphone the ability to buy and sell ether for cash, and spend it in ordinary stores on the Dether card. This project will create a worldwide system of sellers, buyers and real stores using ether in essence as cash and accepting it as payment means. This is an innovative software for the worldwide distribution of Ethereum.
PARTNERS
WHAT PROBLEMS HE SOLVES
The use of blocking technology is still an incomprehensible and non-trivial process. Network registration, investment and verification take a long time, which is so expensive for everyone. In order to work with the blockbuster Ethereum, the user must easily and without risks acquire ether at any time, without losing funds on high commission payments.
Financial institutions are still as important in the purchase and sale of ether in the exchange of crypto currency. The most famous and applicable option for buying crypto currency is online exchanges that require bank transactions, while the main goal of technology is to pass through the central institutions. There are systemic risks that these large-scale central institutions are the only points of failure.
The flow of financial institutions or the use of credit cards pose an obstacle to mass circulation. The given problem is global, after all more than two billion people of bank accounts do not start. The important issue of crypto-currency transactions remains unresolved.
When a user from Europe transfers ether to another user in Africa, it will take a few seconds, and the only thing necessary for a transaction is a mobile phone. But when ether goes to a man in Africa on his electronic wallet, he can not convert it into cash needed to pay for his needs. Including, this person will not be able to quickly find shops and other businesses that accept ether as a means of payment.
HOW DOES HE WORK
In this project, a reputation system was programmed in autonomous and decentralized programs.
The platform is designed to be:
1) make services accessible to all;
2) analyze the seller's reputation without using other persons or tools that may be biased or hacked.
The developed platform Dether has created a "reputation system". A small fraction of the ether sold is reduced in each transaction. This allows you to avoid Sybil attacks and raise the cost of a possible hacking system.
The developed system Dether is based on the flow of transactions and the amount of ether that was implemented on the platform. Both of these pieces of information will give buyers a decision and will provide an opportunity to analyze the sellers available in the Dether system. The system uses a traditional wallet with encryption of personal code on the smartphone, which will ensure reliable ether transactions.
For security purposes, it is proposed to create a password on a personal one and secure access to it. A reserve phrase for 12 words is created and associated with the user's wallet. Protecting your account with a password will prevent hacking if the user loses his device. The encrypted key is applied to its smartphone and no more to any central object or server is sent. To facilitate transactions, Dether integrates a decentralized trade-system of escrow.
The system seeks to implement all kinds of online payment options (Paypal or bank deposits) to facilitate peer-to-peer transfers from fiat to a crypto currency, without the need to meet with the parties to the transaction. Decentralized courts, such as Aragon or Cleros, will be added to Dether and will serve as a trusted third party in charge of the implementation of the transfers.
TOKEN
The ÐTH is an ERC20 token, which provides the opportunity to participate in the development of Dether. Dether offers a freemium model in which the user can use the .TH tokens to unlock the bonus functions on the Dether for a greater overview of the Dether cards.
As a vendor or a stationary store, you need to bet ON tokens to increase visibility on the map. Each ether seller will become a Person Teller Machine (PTM) on the Dether card after it transfers the ether to its Dether wallet.
The ÐTH is the key token required to unlock the add. functions and for the visibility of more objects on the map. For greater fame on the map of Dether as a seller or other person, you need to make a bet of THK tokens. The radius around the point of location increases depending on the rate, which allows you to show yourself on other cards offered to users.
It is planned to launch redemption of .t tokens in order to reduce the number of tokens available in the mass market. The worldwide success of Dether is growing and increasing liquidity in the market. Also, Dether represents a model in which, thanks to the buy-back program, the quantity of NTH in circulation will become deflationary over time.
TERMS OF ICO
The main token is ÐTH: up to 100,000,000
The ÐTH will be sold during the period of mass sale.
The maximum mass sale: 15.000.000 USD.
Method: ETH.
Distribution:
Mass sale: 52%.
Tokens are distributed directly between users, upon completion of mass sales. Heads of the company, consultants and other members of the team will receive 15%, and the founders will receive tokens for two years with a semi-annual release program.
Tokens for the first system partners will be allocated in the semi-annual period. The bonus will be 3%: Members of the bonus program will be given tokens upon the completion of mass sales. Provision for future use: 30%.
Tokens will be blocked for two years. After that, the system will either save them for future developments, distributed each half-year for four years, and either they will eventually lose value depending on the number of previously purchased and spent tokens. The decision to distribute is taken exclusively for the purpose of material gain.
TEAM
More information can be found here:
Facebook: https://www.facebook.com/dether.io/
Telegram: https://t.me/joinchat/GkdUjUQ4jx_Apxmz2km4ww
Twitter: https://twitter.com/dether_io
Reddit: https://www.reddit.com/r/Dether/
WebSitе: https://dether.io/
AUTHOR
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1102634
Vkontakte Group: https://vk.com/club137785347
Telegram channel: https://t.me/tonyfatnews
Youtube: https://www.youtube.com/channel/UCNAbegYrCzi9X77i63rvMWQ
0x9ca23235728ce9eF5bc879A9Abb68aF3a003551C