(MENAFN - The Arabian Post) |By Arabian Post Staff|
New York: Demby Coin, the worldâ€™s biggest ICO, has debuted at an investor conference in New York, eliciting keen interest from investors looking for alternative investment opportunities. Demby Coin, which will power the worldâ€™s first ever all-inclusive marketplace with the combined effect of the likes of Amazone and Ebay, seeks to bring the much-needed liquidity into the crypto currency ecosystem, by enabling purchases of all goods and services using cryptocurrencies.
The Demby market place where all transactions will be carried out through the Demby Coin seeks to tap the $800 billion crypto currency assets, which are now virtually stuck in a system that lacks any kind of liquidity. This has been leading to large-scale holders of crypto currencies to indulge in a â€˜pump and dumpâ€™ operation, seriously hurting the interest of small holders. The Demby market and the Demby Coin will thus unshackle the real power of crypto currencies, a feature that has led to much excitement in investment circles.
The $150 million DembyCoin ICO is currently in a private sale phase and is expected to open for public subscription shortly.
The Demby marketplaced has been launched by techÂnolÂogy enÂtreÂpreÂneurs, exÂperts in fiÂnanÂcial serÂvices and manÂagers of leadÂing brands from around the world, who have come toÂgether to launch a new global marÂketÂplace that will fulfill a long-felt need. The marÂket to be known as Demby will run on the Ethereum powÂered platÂform and revÂoÂluÂtionise the reÂtail inÂdusÂtry, which has so far been slow to adopt the emergÂing blockchain techÂnolÂogy.
With Demby, holdÂers of crypÂto curÂrenÂcies will be able to buy anyÂthing from daily use itmes to high value luxÂury brands, inÂcludÂing gold and diÂaÂmonds, usÂing crypÂtocurÂrenÂcies. As the market reaches its full potential, the demand for Demby Coin is expected to multiply and with limited availability as the total number of coins is fixed, this is expected to lead to an active secondary market for the coin, creating the potential for the intrinsic value of Demby Coin to go up exponentially. Crypto circles are keenly awaiting the launch of the market place as this will introduce a paradigm shift to the digital economy.
Apart from beÂing able to serÂvice the $800 bilÂlion crypÂto curÂrency ecosytem, Demby is exÂpected to bring unÂpreceÂdented levÂels of transÂparency and efÂfiÂcienÂcies in the onÂline reÂtailÂing inÂdusÂtry through the Blockchain techÂnolÂogy and Ethereum-powÂered Smart ConÂtracts. It will efÂfecÂtively adÂdress the probÂlem of counÂterÂfeits as well as loÂgisÂtics isÂsues such as shipÂping, wrong deÂlivÂerÂies etc. The Smart ConÂtract will auÂtoÂmatÂiÂcally trigÂger a reÂfund in case of any isÂsues with prodÂuct deÂlivÂery.
A unique feaÂture of the Demby marÂket is that the goods and serÂvices on ofÂfer can also be bought usÂing fiat curÂrenÂcies. This is achieved through the marÂketâ€™s inÂhouse exÂchange, which will conÂvert the value of the orÂdered goods into Demby coins, withÂout the need for a third party exÂchange, which usuÂally makes conÂverÂsion proÂhibÂiÂtively costly. This enÂsures that merÂchants who are outÂside the crypÂtocurÂrency ecosysÂtem can also be brought on board.