9 COMMON MISSIONS
The DIM Foundation is the heart of the DIM Ecosystem
(DIM-E). It is a non-profit organisation that is responsible for the marketing, public relations, customer care the and oversight of DIM brands (DIMCOIN, DIM Currencies, DIM Cryptocurrencies and future DIM denominated coins).
Some of the profits received by the DIM Foundation will be utilised to further improve the brands in order to increase the core value of the ecosystem. The DIM Foundation is registered in Singapore, but regional DIM Foundations can be created if there is enough uptake respective regions.
We are pleased to announce that the Demo trading is now live! Simply go to www.hybse.com and click on “Learn” and then “Start Demo Trading”. We kindly ask the community to help us test the demo trading and functionality of the website as a whole.
Issuers that are interested in the Initial Blockshare Offering (IBO) are encouraged to complete the full Issuer registration. While the due diligence process is extensive, interested issuers can begin the process of submitting documents already once they click on the email activation link after registration.
As mentioned in our previous post, the Demo Trading and HYBSE Whitepaper will be released tomorrow. We are aware of the small typo mentioning Wednesday the 9th, this should have been Wednesday the 10th of October.
The community can expect the following tomorrow:
— Demo Trading — IBO/Issuer registration — HYBSE Whitepaper (includes additional learning material)
The KYC verification will include a new feature to be implemented, so it will not be available tomorrow. This feature will correlate with the upcoming news, kindly remain patient for this to be announced.
Additionally, we are currently waiting for the DIM X domain transfer to be completed. We originally planned to have that released tomorrow, as a surprise, but unfortunately, we did not expect the transfer to be delayed from the service provider. We currently expect a 24–48 hour delay.
We urge the community to help us test and use the above services. For any bugs, errors, issues or general feedback, kindly email [email protected] For any questions, queries or suggestions, kindly email [email protected]
Firstly, we would like to thank you for your patience and continued faith in us and what we’re creating. We believe that we are now able to confidently present to you what we are so proud to have built over these past months. We are aware of insufficient communication, and we sincerely regret the frustration that it has caused you. Our intention was to engage with you without putting your investment at risk by sharing sensitive information with the public.
As an act of transparency, we would like to choose 10 of the most critical investors to have a confidential discussion with the executive team. This discussion can act as an Q&A but will have to be revealed under a Non Disclosure Agreement. The 10 chosen investors can hopefully reassure the community that the reason behind the teams secrecy is a valid one.
Now we are pleased to inform you that, not only have we developed the Hybrid Stock Exchange Software, but we have also created a crypto market, a crypto exchange, DIM X and DIM Currencies. In addition, several stores around the world have expressed an interest in the use of DIM Currencies. This list will be available in December.
We have established and finalised a technical and legal way on how to bring institutionalised investors into the DIM Ecosystem for the very first time. Through that, we will launch a DIM based ETF collateralized by BTC and traded on HYBSE.
At the same time, the HYBSE system serves and accommodates the individual that does not have a bank account because of geographic or financial reasons. The participation of a significant number of such ‘unbanked’ individuals on our network will create the opportunity to semi bank on an individual bases without a bank account.
What we’ve created, of course, is bigger than that. The possible applications for the software we’ve developed are extensive, and the scope of this venture is way beyond what we imagined when we first conceived of it many years ago. Thus, we have created a crypto market franchise system, and anyone, anywhere in the world can apply for a licence.
This will result in the creation of regional crypto exchanges where locals can exchange cryptocurrencies against fiat currencies, bringing them into the DIM Currency system. Once the participants on those exchanges enter the DIM Currency system, they will gain access to stores, The Hybrid Stock Exchange, business services and a range of other solutions related to the DIM Ecosystem.
We have white labelled our crypto market, piloting a project with a well established company in South Africa. The company is privately held and run, and we as a group have no stake in it. DIM TOKEN holders earn through the transaction fees — so every time somebody transfers something anywhere in the world using DIM denominated currencies, DIM TOKEN holders will receive a portion of the transaction fees. Therefore, the more DIM crypto exchanges are opened on a global scale, the more revenue will be generated for eligible DIM TOKEN holders.
As mentioned above, our state-of-the-art exchange software has many possible applications, and we have discovered that beyond the HYBSE, there is also an interest for other kinds of exchanges, such as a sports exchange, an art exchange, a rare materials exchange — among others. The software can easily be adapted to all such use-cases.
Breaking new ground always presents unique challenges, and on the journey to launching the Hybrid Stock Exchange, the biggest and most expensive challenge has been the legal framework in the background, and the best partner that could help us on an international level was Baker McKenzie in Germany.
We are glad to have our early and ICO investors alongside us on this great adventure. Again, we appreciate your participation and patience.
The DIM Team
The Hybrid Stock Exchange (HYBSE), which is a blockchain integrated online global market place where buyers and sellers meet for exchange purposes, is announcing a first to market feature, Initial Blockshare Offering (IBO). An IBO is the first sale of blockshares by a business registered on the Hybrid Stock Exchange. In the same way that telegraphic communication technologies and the internet radically transformed stock markets, so will blockchain technology transform and elevate the way that equities may be bought and sold, globally. Real businesses that have successfully completed due diligence processes are replicated, or dematerialised onto the blockchain through a process called hybridization. They then become cryptonized-equities that are broken down into blockshares and are offered to the public during an IBO. While the term IBO is an innovation, the concept is not at all novel. Those with an interest in financial markets know about an Initial Public Offering (IPO), which is when privately held businesses open up to the public by offering stocks, allowing the public to get a share of the business. And those in the crypto world are familiar with Initial Coin Offerings (ICO), which occurs when startups or businesses offer a new cryptocurrency in exchange for earlier adopted cryptocurrencies such as Bitcoin and Ethereum. An IBO brings together the qualities of both IPOs and ICOs to create a process that has the unique advantages of a sophisticated blockchain, fused with the assuring familiarity of a traditional system. An IBO is essentially a time-limited offer to purchase cryptonized-equities and other cryptonized-instruments such as blockshares from businesses registered on the HYBSE at special discounted rates. Daniel Liu, Operations Manager: “Many traditional institutions regard blockchain and the innovations around it with suspicion, but that sort of thinking is being proven wrong daily as more and more consumers — free people — are choosing blockchain as an alternative storage of monetised value, a payment gateway and investment vehicle. We know the HYBSE will be closely watched by traditional stock markets to see if our gamble pays off. We are confident about the future of blockchain and stock markets, and we welcome traditional institutions that are interested in working with us as we introduce the future.”
In order to participate in an IBO, one has to firstly be successfully registered either as an Issuer or as a User at HYBSE.com. Registering, as an Issuer, who is the party whose business is offering blockshares, must acquire an IBIN (International Blockshare Identification Number), which is the blockchain equivalent of an ISIN (International Securities Identification Number). A User, who is the party that buys the blockshares, must successfully complete the KYC (Know Your Customer) and AML (Anti-Money Laundering) processes and must also have DIM Currencies which can be acquired by converting Bitcoin (BTC) to DIM USD or DIM EUR on the DIM X platform.
One of the core values of the HYBSE is stability, and this is accomplished through the use of DIM Currencies (DIM USD and DIM EUR) as a medium of exchange on the platform. DIM Currencies are not as volatile as other cryptocurrencies because they are stabilised by a weighing of 80% precious metals and 20% Bitcoin. Another advantage when Users convert their BTC to either DIM USD or DIM EUR on “DIM X” is that they bring the value of their BTC to a blockchain with faster confirmation speeds and lower fees.
The first IBO on the HYBSE will be made available in December, and it will be accompanied by a procedure known as “blueprint”, which is comparable to a comprehensive prospectus, of the planned IBO.
The Hybrid Stock Exchange is overseen by the DIM Foundation, a non-profit organisation that co-ordinates and advises the DIM Ecosystem, which is comprised of DIMCOIN, DIM Currencies, DIM Cryptocurrencies, DEPOTWALLET, DIMPAY, DIMWALLET, DIMTOKEN, DIM X, DIM Payout and the Hybrid Stock Exchange. The DIM Foundation is also responsible for the marketing, public relations, customer care and oversight of the entire DIM-Ecosystem.
Today marks the day of the first phase launch of The Hybrid Stock Exchange!
This will be a soft launch (Public BETA) as more features will still be implemented as the testing continues. The community is encouraged to help us explore the usability and website interface as a whole.
A new feature that you may notice is the Initial Blockshare Offering (IBO). More information can be found here.
Current features for testing:
— HYBSE website interface — HYBSE website usability — User Registration — Issuer Registration
Features to be implemented in the upcoming update, soon to be announced:
— Demo Trading — KYC Verification for Issuer and User — IBO Registration — Additional Learning Material — HYBSE Whitepaper
Features to be implemented towards the end of the year:— Full live trading — Full DIM Ecosystem Integration — Additional Learning Material — ???? (New product release)
The DIM Foundation hereby welcomes you to the first phase of the public BETA launch for The Hybrid Stock Exchange:
Please note that the wallets and coins currently on the exchange are on the testnet blockchain and do not form any type of ownership or represent any type of value.
Link: https://mfowethu.hybse.com Username: betatester Password: N7bg65sFe37Hng23Df
For any bugs, errors, issues or general feedback, kindly email [email protected]
For any questions, queries or suggestions, kindly email [email protected]
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