Digmus – DGM ICO Decentralized Anti-Counterfeit Blockchain Token?

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.

November 2017

• ICO sale; and
• Product prototype to be developed using a centralized database.

January 2018

• Test launch with partners will be conducted.

June 2018

• Blockchain based Beta version; and
• Issuing GEN currency.

September 2018

• Full integration for certain product categories for partners.

February 2018

• 100,000 products would be registered monthly; and
• SAP integration.

September 2019

• 100 partners would use their system.

September 2020

• 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.

September 2021

• 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.

Digmus Conclusion

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.