Counterfeit products are a scourge to society. They hurt both the manufacturers and the consumers.
Counterfeit products hurt the manufacturers by taking away sales. And they hurt customers by supplying them with products of inferior quality. All the famous brands in the world have counterfeit products. And the worse thing is, many of these counterfeit products are inseparable between the original products.
This leads to many unsuspecting customers to buy counterfeit products, thinking they got them at a discount. Counterfeit markets have an estimated turnover of $600 Billion annually.
Digmus is having an ICO sale to mitigate this problem.
What Is Digmus?
Digmus is a new anti-counterfeit platform.
Its goal is to minimize the sale of counterfeit products, by implementing special QR codes and developing a QR reader to read those codes. Appropriate feedback will be sent to the customer according to a product’s authenticity.
Digmus is a tool to separate genuine products from forgeries. It is a proven Blockchain based technology, with a decentralized database that is impossible to tamper with.
How Does Digmus Work?
The manufacturer adds the product information in the Digmus database. A QR code or a Digmus NFC code is attached to the product. A one-time verification code is added to the product, so that the customer can make a purchase.
An App read the QR code. If the product is genuine, feedback is sent to the customer indicating that the product is authentic. If the product is fake, feedback is sent to the customer indicating that the product is fake.
The one-time code gets destroyed. It is very safe and useful because, since the code is temporary, the people making fake products will never be able to tag the correct QR code or the Digmus NFC to their fake product.
What Does Digimus Provide?
To the consumer:
- Detailed information regarding the product;
- An instant check for authority; and
- The ability to register purchases.
To the manufacturer:
- An independent communication channel with buyers;
- Protection of their reputation; and
- Increased profit.
Development Plan Of Digmus
The development plan of Digmus is as follows.
- ICO sale; and
- Product prototype to be developed using a centralized database.
- Test launch with partners will be conducted.
- Blockchain based Beta version; and
- Issuing GEN currency.
- Full integration for certain product categories for partners.
- 100,000 products would be registered monthly; and
- SAP integration.
- 100 partners would use their system.
- The number of partners using their system would increase to 200;
- 4 million product units would be registered in their system monthly; and
- Its Blockchain would be upgraded for better scaling.
- 300 partner would be registered; and
- 30 million product units to be registered a month.
Digmus ICO Sale
Digmus was able to successfully raise $10246 in its pre-ICO sale. It sold 300 Tokens. There will be 4 batches of sales once the ICO starts. A total of 6.7 million Tokens will be sold. The Softcap for the ICO is set for $1 million or 1650 ETH. The starting date of the ICO sale is not yet confirmed.
The Digmus ICO and its vision looks very promising. It will be able to lessen the amount of fake or counterfeit products bought. This will attract manufacturers to invest and create partnerships with Digmus. This, in turn, will turn out to be very profitable for whoever buying the Tokens in this ICO sale.
However, this is not a foolproof plan. The ICO sale may not be a success. In this case, you are likely to lose your money.
It should be noted, that, DGM tokens will not be considered as securities. Citizens of the USA, Canada and Singapore cannot be members of this ICO sale. So, please be cautious before investing in this, or, any other ICO sale.
QLink QLC: Mobile Telecom Blockchain Communication Token?
Cryptocurrency is a method of transacting universally-accepted currency, and its popularity is quickly growing. Most people see this currency as...
Ethfinex Nectar Token NEC ICO: Crypto Asset Trading Financing?
What Is Ethfinex? With the bitcoin blockchain slowly saturating, Ethereum is now being viewed as the new home for crypto innovation....
Cryptectum: Swiss Real Estate Blockchain Crowdfund Investing?
What Is Cryptectum? Cryptectum is a new company based on blockchain technology that has been highly refined to work with...
LoopX LPX ICO: Advanced Loop-Algorithm Trading Software?
LoopX claims to be the most advanced loop trading software to date. Find out how it works today in our...
CryptF CPTF ICO: Blue-Chip Stocks & Bonds Backed Cryptocurrency?
What Is CryptF? The company CryptF is a new simply designed mechanism that a person can use to invest into...
Adverx AVX ICO: Real Time Bidder Advertising Platform?
Adverx is a supposedly legitimate cryptocurrency platform that is in the first round of its ICO or initial coin offering....
Viola Ai- AI Driven Relationship Dating Marketplace VIOLA ICO?
VIOLA AI is the world’s first AI-driven marketplace that focuses on dating, courtship, and marriage. Operating on the Ethereum blockchain,...
Mavro: Bitcoin Network Marketing MLM Crypto Lending Coin?
Although the cryptocurrency market didn’t simply appear overnight, to call it an uphill trend would be an understatement. It is...
Qurito QURO: Blockchain Education For Learning & Sharing?
With the unstable global economy, many millennials and baby boomers are always seeking investment opportunities. Most sectors require a lot...
Crypto Capital: Stansberry Churchouse Secret Bitcoin Investing?
Crypto Capital is a $3,000 per year email subscription service that promises to give you top investment advice from crypto...
Blockchain5 months ago
USI Tech Coin – New Bitcoin MLM Cryptocurrency ICO Tokens?
Blockchain6 months ago
WePower Network Review – Green Energy Trading Blockchain Platform?
Blockchain4 months ago
Skycoin – Bitcoin Alternative For Better Consensus Blockchain?
Blockchain6 months ago
Streamr Review – DATA ICO P2P Streaming Data Blockchain Coin Tokens?
How To Make Money3 months ago
EtherLab – 10% Daily Short Term Ethereum Mining Contracts?
Cryptocurrency6 months ago
Cryptocurrency MasterClass by James Altucher – Trade & Invest?
Blockchain3 months ago
DataWallet – DXT ICO Powerful Data Exchange For Crypto Assets?
Blockchain3 months ago
Budbo – BUBO ICO Supply Chain Cannabis Blockchain Utility Token?