DIMPAY ICO analysis and rating. DIMPAY is a global payment system that is built on the NEM blockchain.

DIMPAY rated by ICOnow

Updated: by new rating system DIMPAY ICO Rating 84 out of 100 points!

The idea of the project is actual and of current interest. Based on the roadmap and comprehensive approach to project implementation, tokens will be interesting both in the short and medium terms.

The cost of the token will be raised with implementation of the first stages of the roadmap or statements about cooperation with certain traders.

The main, explosive, growth of token cost will be for the period immediately after the launch of the project. Token will increase its value with each new involved merchant and with each new transaction.

The DIMPAY Foundation is a separate entity from the DIM Foundation. The DIMPAY Foundation will have its own board members and employees. The DIM Foundation will offer full support to the DIMPAY Foundation as a pilot project. DIMPAY will operate independently within the DIM Ecosystem. The DIM Foundation has permitted the development of DIMPAY to be outsourced exclusively to the DIMPAY Foundation. This is to ensure that the DIM Ecosystem is decentralized, not just at the foundational blockchain level but the operational level too.

The idea of the project is of current interest and actual at the present moment. If to implement all of its integral parts correctly, there will be a really excellent product.

DIMPAY comprises of DEPOTWALLET, mobile DEPOTWALLET and DIM Debit Cards. The three applications are interconnected and their functions supplement each other.

DIMPAY is a payment system that can raise the payments market to a new level by means of low commissions, transaction speed and decentralization. DIMPAY is oriented for such areas:

traditional peer-to-peer (P2P)

business-to-business (B2B)

business-to-consumer (B2C)

consumer-to-business (C2B)

DIMPAY comprises of DEPOTWALLET, mobile DEPOTWALLET and DIM Debit Cards. The three applications are interconnected and their functions supplement each other.

Let’s briefly run through the integral parts of DIMPAY project.

DEPOTWALLET

DEPOTWALLET is a web app blockchain based wallet that permits users to buy, sell, hold and manage various cryptocurrencies together with cryptonized assets. The wallet allows users to make P2P transfers and companies to make B2B transactions.

DEPOTWALLET also contains access functions to use HYBSE (Hybrid Stock Exchange). HYBSE provides access to international capital for small and medium-sized enterprises.

Mobile DEPOTWALLET

The mobile DEPOTWALLET contains the basic functions of DEPOTWALLET. Two types of accounts can be used in this wallet: Private Account and Business Account.

The launch of mobile DEPOTWALLET will be carried out in several stages during 2018-2019 (from beta version till full implementation of all functions). Thus, the use of the basic functions of mobile DEPOTWALLET will be already available in 2018.

For private users, mobile DEPOTWALLET will allow to make payments in different currencies, to manage crypto-currency assets and many other functions.

Business Account is intended for processing business needs with appropriate functions.

Merchant account – allows accepting payments via QR code. When a merchant creates an invoice, QR code is generated, and it can be used both on the site and in offline store.

Dispute Resolution Dialogue (DRD) is a system that allows solving disputes between buyers and sellers.

DIM Debit Card

Debit card holders will be able to convert their DIMCOIN and other cryptocurrencies into selected DIM Currencies such as the DIM GBP and DIM EURO. he DIM Currencies will enable debit card holders to walk into brick and mortar merchants and swipe for goods and services. The debit card will also enable the holders to engage in e-commerce shopping.

When DIMPAY is officially launched anyone in the world will be able to use DIM Debit Card. People in countries that accepts VISA or Mastercard will possibly be able to receive funds.

In the future, it is planned to use ATMs in the project.

Token holders will receive a share of the 30% net fees earned through DIMPAY according to the proportion of DIM TOKENs they hold (if you have more than 50 DIM TOKENs).

Fee Earnings

DIMCOIN: 0.1% of transfer volume for transferring DIMCOIN P2P

DIM Currencies: 0.1% of transfer volume for transferring DIM Currencies P2P

Cryptonized Assets: 0.5% of transfer vo- lume for transferring P2P

DEPOTWALLET/ WISE: Consulting Cash payout account fee: Minimum $50.00 or 1% (one percent) per action

Roadmap

The project road map shows a period until 2019.

According to plans software beta version will be available in the second quarter of 2018. And the official launch is scheduled for the 3rd quarter of 2018.

The road map shows very extensive stages, without particular details. Nevertheless, the plan is realizable and understandable.

Marketing

The marketing company of the ICO project is impressive and there are a lot of publications and advertisements for a short period of time. Since the ICO timeframes are sufficiently short, then this strategy is the best becoming one.

Team

Leading Advisory Team consists of DIMCOIN Executive Team.

The rest of the team is represented by more than 15 specialists with wide experience in various spheres. Despite the fact that most of the team does not have profiles on LinkedIn, it’s easy enough to find them and look at their experience.

All this allows to say that presented team is qualified enough for developing such product.

ICO terms

However, the payment system is not only for consumers and merchants; it has the potential to be financial solution for the 2 billion adults who do not have bank accounts around the world.

Pre-ICO Dates: 4 December (12:00) – 6 December (23:59) 2017

ICO Dates: 7 December (00:00) - 18 December (23:59) 2017

Maximum ICO Target: 1,500 BTC (Bitcoin)

Bonus:

25% (35% for using NEM) 4 – 6 December 2017

10% (20% for using NEM) 7 – 12 December 2017

5% (15% for using NEM) 13 – 18 December 2017

Short ICO terms with aggressive marketing be explained by compliance with deadlines that were declared in the previous ICO (DIMCON).

DIMCOIN will be available on exchanges at the end of December as stated in the DIMCOIN whitepaper.

Rating

Total DIMPAY ICO rating: 19/20

No SCAM rate: 5 shows the level of trust in the project team and clear allocation of funds.

Marketing rate: 5 this rate shows the level of marketing activities.

Tech rate: 5 the level of technical team.

Business rate: 4 shows how is business model applicated to realities and how it is worked out.

The idea of the project is actual and of current interest. Based on the roadmap and comprehensive approach to project implementation, tokens will be interesting both in the short and medium terms. The cost of the token will be raised with implementation of the first stages of the roadmap or statements about cooperation with certain traders. The main, explosive, growth of token cost will be for the period immediately after the launch of the project. Token will increase its value with each new involved merchant and with each new transaction.

Updated: by new rating system DIMPAY ICO Rating 84 out of 100 points!

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