One of the many questions I get is this:

What are the advantages for a trader / craftsman to accept DinastyCoin? even now that it is not directly exchangeable with other cryptocurrencies?

So I decided to write this article which can be useful for everyone.

Dinastycoin is a great opportunity for everyone as it is a truly NEW open source based cryptocurrency Cryptonote.org in turn based on Bitcoin.org, which uses algorithm cryptonight and method of mining Proof of Work. (go up Dinastycoin.com for more info). It is an opportunity for Customers and Traders, Artisans and farmers and even more now that it has not yet been brought to the cryptocurrency exchange lists (it will be in the next 6 months or less) now I'll explain why:

The miner of the dinastycoin it was released in mid-June 2016 to the first lucky "miners", who are now certainly gloating over mountains of mined coins. But for a few more months, everyone, even new miners, will be able to take advantage of a relatively easy daily extraction of Dinastycoin.

dinstycoin accepted hereThat said, the first advantage for entrepreneurs who want to start organizing themselves to accept payments in Dinastycoin becomes clear.

The advantage is the possibility today to set aside a substantial amount of DCY to be used then for the exchange with one's customers.

The default official exchange rate before going to the official exchange circuits has been established that 1 Euro is worth in this first phase 1 Dinastycoin

So what is the seller's advantage to accepting Dinastycoins as a payment? The second advantage is more articulated and to make you understand I will give a practical example of what it could be.

I show you that the advantage is for both the customer and the seller:

I give a generic example of an online shopkeeper (but it also applies to those offline when we have one ready app to receive and send from smartphones), which could be either one present in the market Place from Dinasty of Freedom, both in any other e-commerce that has integrated with Dinastycoin API the Payment Gateway, to accept online The Dinastycoin as a form of payment:

The shopkeeper has a product that costs 100$, and in the online store, a user can pay for it in various methods: paypal, credit card, bank transfer .. and Dinastycoin.

Ok! but to have Dinastycoin there are still few, so I, who do not have dinastycoin, take 100$ and pay with a credit card ... but wait! rewind the tape!

 

Next to Dinastycoin I see 80$ instead of 100$, that is, it tells me that if I had 80 Dinastycoin I could buy that product with a saving of 20$.

Optimal! pity that I don't know how to buy the Dinastycoin and I have no time to waste (as usual everyone runs but where you don't know), so it's a pity I can't save ... and patience I spend 100$ ... but no!

 

Wait! what's that button next to "buy Dinastycoin“?.

I press it and a window pops up telling me that for 80$ He gives me 80 Dinastycoin.. nice! perfect I buy them now!

but how can I receive them? wait I see another button "create your Dinastycoin address "

 

OK I click the button and it gives me my address which is also recorded directly in my shop profile, I copy it and follow the instructions, which explain what to do to receive them, I confirm and I receive the Dinasty coins to use to pay for the desired product.

At this point what do I do?I click on the button Pay in Dinastycoin. The procedure takes the 80DCYs from my Virtual Wallet at the address just created and sends them to the Retailer

pool mining dinastycoin

For the merchant, the transaction is concluded.

Done!

Now I just have to wait to receive my product. The transaction Dinastycoin it is immediate and international (you can send to anyone and anywhere in the world who also has his Dinastycoin wallet) and to zero costs. The trader receives his money instantly dinastycoin, but not only the difference of the discount applied in this example of 20Euro, the merchant receives them immediately as cashback from the system and therefore the merchant finds himself at the end of the process to have 100DCY (cashback is a promotion that remains in effect until Dinastycoin is present in the first cryptocurrency trading list)

 

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At this point, let's "take stock" of the situation to analyze all the advantages of this operation:

  1. the client.
    1. Save 20$
  2. the seller:
    1. He has competitively sold a product to those who do not accept dinastycoin, therefore with greater possibilities to sell
    2. It produces the coin itself dinastycoin which then sells to its customers at the current exchange rate of 1DCY to 1Euro today, but tomorrow when it is also present in the official trading lists it will be able to sell it at even higher prices.
    3. Receives 80$ in legal tender for selling 80 Dinastycoins. (he will pay 'if he wants the taxes on the 80$)
    4. He receives the payment of 80 Dinastycoins which are returned to his wallet to be able to sell them again! (dinastycoins received are not subject to taxation)
    5. He receives a cashback of 20DCY so the 80DCY he had becomes 100DCY
    6. If the merchant is a member of Dynasty of freedom he can register his customer as his downline. For purchases made in the shops of Dinasty of Freedom this is done automatically. If the stores are external to other platforms, it will depend on the shopkeeper and the platform administrators if they want to enable this possibility. So it will happen that that customer, who has already spent 80$, becoming his downline, and who then wants to participate in the mining of dinastycoin , can also pay the merchant an additional additional commission, paid in this case 60% bitcoin and 40% dinastycoin.
    7. Last but not least the merchant (like the customer) will be able to continue to generate new ones dinastycoin (nothing like a bank). The most visionary traders immediately started (Now) to unload the Miner and to mine dinastycoin to have many to sell Unlimited to their customers and to use them in turn in purchases and later also to exchange them for other cryptocurrencies such as Bitcoin in the official exchange lists.

 

The shopkeeper has everything to gain and nothing to lose! the customer saves

 

 

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