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.
That 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.
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)
YwysPQkbrQuRbZSEM1N3WdhRVxLcZsWwrh2rrxFwSSPrKtiybuhPuKpgG8L1so53af1nxtJZH3WoRhDCt4hZkJAi1wp6LWvaZ (example of a dinastycoin address)
At this point, let's "take stock" of the situation to analyze all the advantages of this operation:
- the client.
- Save 20$
- the seller:
- He has competitively sold a product to those who do not accept dinastycoin, therefore with greater possibilities to sell
- 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.
- Receives 80$ in legal tender for selling 80 Dinastycoins. (he will pay 'if he wants the taxes on the 80$)
- He receives the payment of 80 Dinastycoins which are returned to his wallet to be able to sell them again! (dinastycoins received are not subject to taxation)
- He receives a cashback of 20DCY so the 80DCY he had becomes 100DCY
- If the merchant is a member of Dynasty of freedom he can register his customer as his downline. For purchases made in the shops of Dinasty of Freedom this is done automatically. If the stores are external to other platforms, it will depend on the shopkeeper and the platform administrators if they want to enable this possibility. So it will happen that that customer, who has already spent 80$, 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.
- 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
Fantastic! We hope that Italians at least for once will be able to seize this great opportunity and innovation that will bring many benefits for everyone!
as a shop I am ready to receive them even immediately because by showing that the dcy is accepted, the community would expand….
good mirella you understand the meaning ... we are finishing the work on the market place, we hope to be able to officially inaugurate it on September 1st. We are now testing the first payment method which will be dinastycoin of course, and bitcoin.
With the formula that you read in the article, we give the possibility to the Merchants to collect even euros, which, however hated, we will still be forced to use them ... but our work is precisely intended to reduce the use of 'EURO everyone!… And only when you can't do without it!
In the meantime, Mirella, I would advise you to start if you haven't already prepared the shop. In the back office everything is formally functional, up to the inclusion in the cart of the products, also chosen in different stores, even the sharing of their products is functional ... it is possible to confirm the cart and you will be able to see it in your Orders. Only the final part we are testing of the payment in DCY and BTC is missing. for the first 100 stores there will be extra Dinastycoin Rewards that we will communicate on the 18th at the next w4ebinar.
We are dwelling on it because we have thought about creating a SINGLE cart for each person, who can go to the market place to make purchases in all the shops and then in the end make a single payment, the procedure we are testing now thinks about dividing the amounts of individual items to individual stores and also to pay any fees if there are shared items (retailer / supplier) in one step. All in real time if done with Dynastycoin or using the Uphold processor.
A great way to get what we want.
Cool, you are doing some really crazy things !! W the DinastyCoin and the whole Community that we are gradually expanding more and more !!
the whole project finally begins to take shape… .. it's up to all of us to allow it to take off as it deserves.
I believe that for any trader who wants to increase their profits they should not hesitate a moment to embrace this unique and to be seized opportunity to say the least.
I think if everyone thought like us the world would be better
It is a great achievement that benefits everyone
It is useful and must become so for everyone in the future.
In the end everyone really gains…. Those who sell can only increase their turnover and those who buy always make a bargain ... Very Cool Really !!!
I am a writer of essays and novels (I mainly sell on Amazon) and I can't wait to be able to sell my ebooks here too, which by the way are in line with the DOF philosophy!
IS FANTASTIC
it is a supersystem
great motivation for a shop!
I'm starting to spread the opportunity in my area.
hello great idea congratulations.
hello I talked about it in a living room with friends and it aroused great interest and a continuation for some.
everything is fine thank you
excellent opportunity I foresee a long period of success
Fantastic!!! we hope that all shopkeepers understand the potential of this project.
lucky "Miner"
surely the advantages for a trader are many compliments.
OK the advantages for the shopkeeper are excellent your question remains how do I turn the DCYs into euros there are some habits let's not forget it, you can explain it keep in mind that the banknote has more time and therefore you must first make an explanation from the beginning for whom first he does not know anything about how money is created unless cryptocurrency so the explanation must be step by step if we know and most we are going to involve is mostly fasting then I ask an offline shopkeeper and see how act thanks
First of all, it is necessary to put the exchange rate of the DCY into euros in the background.
We are also working in that direction but only to reassure people like you so they probably still see the euro as a currency and not as a worthless scam run by private criminals whose sole purpose is to take total control, making people only labor slaves and soulless consumers
Obviously we are creating an awareness and knowledge in the whole community of all that is the money system.
We are aware that it is not an easy path due to the fact that the financial plutocratic oligarchy has now almost completed its work and that most people live in an artfully created matrix… and getting them out is often complicated and sometimes impossible.
So the work of knowledge and self-determination is important to each of you.
As for the shopkeepers, we are creating a circuit, preparing the information material, and the messages that will have to be disseminated.
Let's not forget that we are a decentralized cyrptocurrency for which much more advantageous than complementary currencies which are instead more centralized, they will never be able to increase purchasing power, and can never be easily exchanged in the international cryptocurrency circuits.
a site for a select few it takes a master to be able to manage it congratulations to the developer
Great opportunity for free access for those who want to improve the quality of life.
quoto fully
ok so we can start proposing it to the shopkeepers
I think it is a possibility to offer.
I still don't understand how it works but I trust the prox webinar ...
clear enough
Optimal