Monday / December 17.
HomeChannelsFeaturedWorld’s largest ICO opens for private sale

World’s largest ICO opens for private sale

|By Arabian Post Staff|

New York: Demby Coin, the world’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 world’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 ‘pump and dump’ 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 tech­nol­ogy en­tre­pre­neurs, ex­perts in fi­nan­cial ser­vices and man­agers of lead­ing brands from around the world, who have come to­gether to launch a new global mar­ket­place that will fulfill a long-felt need. The mar­ket to be known as Demby will run on the Ethereum pow­ered plat­form and rev­o­lu­tionise the re­tail in­dus­try, which has so far been slow to adopt the emerg­ing blockchain tech­nol­ogy.

With Demby, hold­ers of cryp­to cur­ren­cies will be able to buy any­thing from daily use itmes to high value lux­ury brands, in­clud­ing gold and di­a­monds, us­ing cryp­tocur­ren­cies. 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 be­ing able to ser­vice the $800 bil­lion cryp­to cur­rency ecosytem, Demby is ex­pected to bring un­prece­dented lev­els of trans­parency and ef­fi­cien­cies in the on­line re­tail­ing in­dus­try through the Blockchain tech­nol­ogy and Ethereum-pow­ered Smart Con­tracts. It will ef­fec­tively ad­dress the prob­lem of coun­ter­feits as well as lo­gis­tics is­sues such as ship­ping, wrong de­liv­er­ies etc. The Smart Con­tract will au­to­mat­i­cally trig­ger a re­fund in case of any is­sues with prod­uct de­liv­ery.

A unique fea­ture of the Demby mar­ket is that the goods and ser­vices on of­fer can also be bought us­ing fiat cur­ren­cies. This is achieved through the mar­ket’s in­house ex­change, which will con­vert the value of the or­dered goods into Demby coins, with­out the need for a third party ex­change, which usu­ally makes con­ver­sion pro­hib­i­tively costly. This en­sures that mer­chants who are out­side the cryp­tocur­rency ecosys­tem can also be brought on board.


Also published on Medium.