DéMars Coins (DMC)
Most African fiat currencies are inflationary. What you can buy with the money reduces each year.
Which is why the DéMars Project has issued these unique, stable, digital assets. To provide users of the network with an alternative form of VALUE.
The coins are asset backed. As we invest the majority of the proceeds in gold, oil, cattle and copper. To name but a few of the diversified basket of commodities used. Real input goods.
A limited number, 200 Million, of DMC will ever be issued. With 100 Million of these being sold in the ICO and the remainder set astride to be earned by users.
Earn & Spend
Users may earn up to 20%* of their fees back in DMC. Those fees incurred when they withdraw and deposit fiat cash.
Because every cent counts.
DMC may be in future be redeemed at any merchants accepting DéMars assets e.g. South African Rand (ZAR).
Use of the Sale Proceeds
Eighty percent of the proceeds ($8 Million) will be deposited in the collateral account. The balance of which will be made public on our website and independently audited each year.
Twenty percent of the proceeds ($2 Million) is to be deposited in the regulatory capital and software development account. These funds will be used as regulatory capital for the various licenses we require and will contribute towards the development of our Stellar wallet applications and the integration of our Anchors with regulated “pay-in” and “pay-out” partners. Banks, mobile money companies and merchant processing companies, to name but a few.
Initial Coin Offering
We will be running an ICO from the 15th of May 2019 to the 30 June 2019, where DMC will be sold to the general public, subject to a few exclusions. Please see our whitepaper and legal terms for further details.
DMC is currently available for sale on the Stellar DEX, at a 20% pre-sale discounted price of 0.8 XLM per DMC.