Smart contract-powered wallet provider Denaro has embarked on a crowdfunding campaign to raise funds for the development of its blockchain-based products. After successfully passing the stage pre-sale, the company is now running the general token sale, which has started on February 9th, 2018.
While the cryptocurrency market has already matured for cross-chain movement, via the exchange of one coin or token to another, a simple and unrestricted bridge connecting cryptocurrency and blockchain assets to the conventional world of fiat currency is still one that has yet to properly materialize.
Traders and crypto holders have all become too familiar with the complicated and time-consuming process of exchanging out cryptocurrency for fiat money. For one, the majority of exchangers, willing to buy crypto for fiat, only accepts top cryptocurrencies, forcing holders of more “exotic” assets to exchange them into a more recognized tokens, losing out to exchange fees and commissions at least twice.
Then, they remain at the mercy of centralized exchanges, waiting for unclear confirmations and wallet maintenance times before finally receiving their fiat. Simply put, exchanging cryptocurrency is too impractical and complicated to be picked up by newcomers. The lack of liquidity with cryptocurrency still remains a serious barier on the way to mass adoption.
Taking the challenge of crypto liquidity, blockchain solutions provider Denaro will soon reveal all the details of the company’s new multiple cryptocurrency-supported wallet and accompanying debit cards, primed for release in 2018.
Denaro’s solution is straightforward: users can receive, send and store cryptocurrencies on a simple-to-use wallet or physical debit card, accessing it either through the web or via offline payment terminal. They can use either Bitcoin (BTC) and Ether (ETH), or Denaro’s own native digital asset (DNO token) to load their cards, which are ready to be used immediately, without having to convert their holdings.
Powered by smart contracts, the Denaro wallet provides the ultimate security and funds protection, either as a storage, or as a peer-to-peer payment gateway.
Users can even receive their own IBAN numbers on Denaro and to treat their Denaro wallets like bank accounts for crypto and fiat. Merchants, on the other hand, will be able to utilize seamless and customizable API/SCI functions and payment terminals to accept payments in crypto.
Recognizing that every user has different needs, Denaro also offers high-volume users personalized debit cards. For merchants this will include a free payment terminal from Denaro, in order to foster adoption and use.
Besides being a means to conduct all transactions over the Denaro network, the DNO utility token also opens up other benefits for users, such as discounts, bonuses and premium merchant services. Additionally, once certain achievements have been met, DNO token holders will receive a portion of Denaro network transaction fees.
Having successfully concluded the stage of pre-sale, Denaro is now running its public token sale, which has officially started on February 9th, 2018. Contributions are accepted in BTC, ETH, LTC and fiat via epay.com. DNO is rated at a price of 1 ETH per 3000 DNO.