The DIM Foundation is the heart of the DIM Ecosystem. It is an organization that produces and creates two different kinds of cryptocurrencies, the DIMCOIN and the DIM Currencies (together: “DIM”). It initiates and launches Initial Coin Offerings (“ICOs”) and issues the DIM TOKENs. Furthermore, it also allocates DIM to the entities forming the DIM Ecosystem in accordance with the respective Whitepapers.
Its functions also include the digitization of assets and the creation of future products and services under the DIM copyrights. All profits received by the DIM Foundation will be utilized to further improve the DIM Ecosystem in order to increase the acceptance, use and value of the DIM on a global scale.
In the future, a progressively increasing number of people from all over the world are going to use digital-currencies as a means of payment. This is particularly true for countries where people do not even have bank accounts. But, even in the more developed world, the transfer of FIAT currencies is currently burdensome, time consuming and expensive. The DIM Currencies, however, facilitate a worldwide real-time transfer of payment means on a low cost basis. Since the DIM Currencies are linked to the value of the respective FIAT currencies which are mentioned in the denomination of the DIM Currencies, the exchange risk in case of acceptance is limited to that of the respective FIAT currencies.
The DIMCOIN, which is a speculative cryptocurrency, has the potential to increase its value and to substantially contribute to the wealth of its owners. The value of the DIMCOIN depends on the number of people investing in it. The more people purchase the DIMCOIN, in particular, in exchange for Bitcoin, Etherium or other tradable cryptocurrencies, the more the value of it increases.
In addition to traditional payment systems, the DIM Currencies may be used for trading in virtual shares, commodities and other assets. For the time being in the world of trading today, the buying and selling of listed shares in even strongly developing countries is limited. For example, buying shares in listed companies in India on an exchange outside India is restricted or even impossible, e.g. in Frankfurt. These restrictions will no longer exist as soon as stocks are virtualized and associated with digital currencies. The DIM Ecosystem facilitates the exchange of securities, commodities and other assets into digitalized assets, and provides for platforms which allow the trading in such digitalized assets.
Besides this, the DIM Foundation pays great importance and attention to transparency, usability and security (e.g. block chain technology) as well as the fulfilment of regulatory standards worldwide to the extent applicable.
The DIM Foundation is also engaged in charity. It invests mainly in the field of education of people from less developed countries.
The DIM Foundation’s vision is that the DIM becomes the pre-dominant payment means worldwide, accepted by a global and wide network of points-of-acceptance for all kinds of goods and services. Furthermore, nearly everybody shall have the chance to invest in intrinsic values like stocks, bonds, gold, diamonds and other commodities, but also in intellectual property rights, like soccer, football and other sport professionals, art and race horses, and to participate in the value increase of such assets to which currently only wealthy people have access to. The DIM Foundation and the DIM Ecosystem will provide for exchanges that facilitate the digitalization and, thereby, fractionalization of all of these assets in to pieces affordable for everybody. The digitalized assets will be made tradable globally at real-time and for affordable costs on platforms operated by companies belonging to the DIM Ecosystem. It is our vision to contribute to the worldwide welfare of mankind by offering these new facilities and systems.
Eligible DIM TOKEN holders were paid out on Friday 29th of June. There was a total of 833443.029053 DIMCOIN distributed amongst all 50+ DIM TOKEN holder wallets.
The voting structure that was mentioned before is in its final stage of testing and will still be implemented. Below are the details of the second DIM TOKEN holder payout:
Payout start date: 29/06/2018
Payout end date: 30/06/2018
Total 50+ DIM TOKEN holders: 6692
Total Levy amount: DIM 833443.029053
Total Payout amount: DIM 250032.908716
HYBSE account: DIM 333377.211621333
DIM Foundation: DIM 250032.908716
Reason for exclusion: This account has been hacking DIMCOIN basic wallet holders multiple times.
Please remember to never send your DIM TOKENs to exchanges as they are not eligible for payouts.
Exchanges with DIM TOKENs:
NANOXGYIH52QCQEMEP5LAF36UMVT3JFCWNGWENCB — Nemchange
ND2JRPQIWXHKAA26INVGA7SREEUMX5QAI6VU7HNR — Bittrex
NBJZL2BAN2VQMIYTVHPJZUFKJEOT4DOBQF2NSFDD — HitBTC
NC7ROGDITAJRT57CK27MQBSNBLNTUZTFKVXAILXQ — Exrates
NBZMQO7ZPBYNBDUR7F75MAKA2S3DHDCIFG775N3D — Poloniex
2QO6UHZD7PHGFNCPISDL — Indodax
This amount will start growing gradually as more companies register on the HYBSE and/or adopt DIMCOIN and DIM Currencies within their systems. The expansion of the DIM Ecosystem will benefit
DIM TOKEN holders more and more.
Regarding the fee structure for DIM TOKEN holders, a new graphic (see below) has been created to clarify the structure for the payouts.
Lastly, as some have already noticed, Richard Lendrum is no longer our Head of Communications and his photo has been removed from the DIMCOIN website. Mr. Lendrum is still involved with the project
as a whole and still believes in our vision.
Last week, the DIM Ecosystem Update and DIM Ecosystem Whitepaper were released, and we just want to thank you all for your feedback.
Please be aware that from now on, DIM updates will be posted monthly, instead of weekly. This decision was taken based on feedback we got from the DIM Midyear Update, which reflected the general
feeling that most people prefer a comprehensive update rather than getting it in bits and pieces. We will, however, post information and announcements on the platform whenever the need arises.
The DIM Africa back office is eagerly awaiting the arrival of our #Go2DIM winners! We are glad to have the opportunity to host them, so that they may have a better understanding of our organisation.
There was a wording inaccuracy in the recent DIM Ecosystem Whitepaper on page 13, under figure 5. It was written “DIM Token holders with 50 or more tokens will receive 30% net profit portion of the col-
lected fees”. Please note that it should have been written as “30% of net transaction fees” as originally stated in the DIMCOIN Whitepaper.
Thank you to the members that pointed this out, we will edit and re-upload the DIM Ecosystem whitepaper.
As expected, below is the DIM Midyear Update and latest DIM Ecosystem Whitepaper:
DIM Ecosystem Whitepaper:
DIM Midyear Update:
For any queries or questions, kindly email [email protected]
The #Go2DIM campaign has created a wonderful buzz in our community! Thank you to everyone who entered and to everyone who voted. Your votes have been tallied and we are pleased to announce to
you our winners:
Zura — @zedela
Wasi — @Wasimalik
Ineff — @IneffableKoD
CryptoMatt — @cryptomatt83
Garett — @Grsalter01
Congratulations to you all! The DIM team in the administration back office in Africa is looking forward to hosting you. The winners will be spending two days in July in the back office, where they will
have an opportunity to see for themselves the work that goes into the DIM Ecosystem and also ask questions so that they can go back and give clarity and re-assurance to the greater community.
We are also pleased to inform you that we have created 1 billion DIM:EUR, for which and through which we are constructing the architecture for DIM Currencies to pave the way for a non-volatile,
Also, please be aware that on Wednesday 20 June, the DIM Ecosystem Midyear Update and the DIM Ecosystem Whitepaper will be released, which will hold the latest information regarding HYBSE.
We continue to show that we value your trust, so our services have no hidden costs.
We believe that centralization of money supply leads to corruption and exploitation.
We offer security through the use of the blockchain protocol, ensuring safety of your data.
Participate in the annual planning process for DIM Foundation.
Receive access to exclusive discounts for foundation partner events and products.
Receive a yearly members-only operational update report.
Take the opportunity to earn DIMCOIN.
Become a recognised figure in the DIM Ecosystem.
Build and grow DIM Foundation's global community.