Firstly, we would like to thank you for your patience and continued faith in us and what we’re creating. We believe that we are now able to confidently present to you what we are so proud to have built over these past months. We are aware of insufficient communication, and we sincerely regret the frustration that it has caused you. Our intention was to engage with you without putting your investment at risk by sharing sensitive information with the public.
As an act of transparency, we would like to choose 10 of the most critical investors to have a confidential discussion with the executive team. This discussion can act as an Q&A but will have to be revealed under a Non Disclosure Agreement. The 10 chosen investors can hopefully reassure the community that the reason behind the teams secrecy is a valid one.
Now we are pleased to inform you that, not only have we developed the Hybrid Stock Exchange Software, but we have also created a crypto market, a crypto exchange, DIM X and DIM Currencies. In addition, several stores around the world have expressed an interest in the use of DIM Currencies. This list will be available in December.
We have established and finalised a technical and legal way on how to bring institutionalised investors into the DIM Ecosystem for the very first time. Through that, we will launch a DIM based ETF collateralized by BTC and traded on HYBSE.
At the same time, the HYBSE system serves and accommodates the individual that does not have a bank account because of geographic or financial reasons. The participation of a significant number of such ‘unbanked’ individuals on our network will create the opportunity to semi bank on an individual bases without a bank account.
What we’ve created, of course, is bigger than that. The possible applications for the software we’ve developed are extensive, and the scope of this venture is way beyond what we imagined when we first conceived of it many years ago. Thus, we have created a crypto market franchise system, and anyone, anywhere in the world can apply for a licence.
This will result in the creation of regional crypto exchanges where locals can exchange cryptocurrencies against fiat currencies, bringing them into the DIM Currency system. Once the participants on those exchanges enter the DIM Currency system, they will gain access to stores, The Hybrid Stock Exchange, business services and a range of other solutions related to the DIM Ecosystem.
We have white labelled our crypto market, piloting a project with a well established company in South Africa. The company is privately held and run, and we as a group have no stake in it. DIM TOKEN holders earn through the transaction fees — so every time somebody transfers something anywhere in the world using DIM denominated currencies, DIM TOKEN holders will receive a portion of the transaction fees. Therefore, the more DIM crypto exchanges are opened on a global scale, the more revenue will be generated for eligible DIM TOKEN holders.
As mentioned above, our state-of-the-art exchange software has many possible applications, and we have discovered that beyond the HYBSE, there is also an interest for other kinds of exchanges, such as a sports exchange, an art exchange, a rare materials exchange — among others. The software can easily be adapted to all such use-cases.
Breaking new ground always presents unique challenges, and on the journey to launching the Hybrid Stock Exchange, the biggest and most expensive challenge has been the legal framework in the background, and the best partner that could help us on an international level was Baker McKenzie in Germany.
We are glad to have our early and ICO investors alongside us on this great adventure. Again, we appreciate your participation and patience.
The DIM Team
The Hybrid Stock Exchange (HYBSE), which is a blockchain integrated online global market place where buyers and sellers meet for exchange purposes, is announcing a first to market feature, Initial Blockshare Offering (IBO). An IBO is the first sale of blockshares by a business registered on the Hybrid Stock Exchange. In the same way that telegraphic communication technologies and the internet radically transformed stock markets, so will blockchain technology transform and elevate the way that equities may be bought and sold, globally. Real businesses that have successfully completed due diligence processes are replicated, or dematerialised onto the blockchain through a process called hybridization. They then become cryptonized-equities that are broken down into blockshares and are offered to the public during an IBO. While the term IBO is an innovation, the concept is not at all novel. Those with an interest in financial markets know about an Initial Public Offering (IPO), which is when privately held businesses open up to the public by offering stocks, allowing the public to get a share of the business. And those in the crypto world are familiar with Initial Coin Offerings (ICO), which occurs when startups or businesses offer a new cryptocurrency in exchange for earlier adopted cryptocurrencies such as Bitcoin and Ethereum. An IBO brings together the qualities of both IPOs and ICOs to create a process that has the unique advantages of a sophisticated blockchain, fused with the assuring familiarity of a traditional system. An IBO is essentially a time-limited offer to purchase cryptonized-equities and other cryptonized-instruments such as blockshares from businesses registered on the HYBSE at special discounted rates. Daniel Liu, Operations Manager: “Many traditional institutions regard blockchain and the innovations around it with suspicion, but that sort of thinking is being proven wrong daily as more and more consumers — free people — are choosing blockchain as an alternative storage of monetised value, a payment gateway and investment vehicle. We know the HYBSE will be closely watched by traditional stock markets to see if our gamble pays off. We are confident about the future of blockchain and stock markets, and we welcome traditional institutions that are interested in working with us as we introduce the future.”
In order to participate in an IBO, one has to firstly be successfully registered either as an Issuer or as a User at HYBSE.com. Registering, as an Issuer, who is the party whose business is offering blockshares, must acquire an IBIN (International Blockshare Identification Number), which is the blockchain equivalent of an ISIN (International Securities Identification Number). A User, who is the party that buys the blockshares, must successfully complete the KYC (Know Your Customer) and AML (Anti-Money Laundering) processes and must also have DIM Currencies which can be acquired by converting Bitcoin (BTC) to DIM USD or DIM EUR on the DIM X platform.
One of the core values of the HYBSE is stability, and this is accomplished through the use of DIM Currencies (DIM USD and DIM EUR) as a medium of exchange on the platform. DIM Currencies are not as volatile as other cryptocurrencies because they are stabilised by a weighing of 80% precious metals and 20% Bitcoin. Another advantage when Users convert their BTC to either DIM USD or DIM EUR on “DIM X” is that they bring the value of their BTC to a blockchain with faster confirmation speeds and lower fees.
The first IBO on the HYBSE will be made available in December, and it will be accompanied by a procedure known as “blueprint”, which is comparable to a comprehensive prospectus, of the planned IBO.
The Hybrid Stock Exchange is overseen by the DIM Foundation, a non-profit organisation that co-ordinates and advises the DIM Ecosystem, which is comprised of DIMCOIN, DIM Currencies, DIM Cryptocurrencies, DEPOTWALLET, DIMPAY, DIMWALLET, DIMTOKEN, DIM X, DIM Payout and the Hybrid Stock Exchange. The DIM Foundation is also responsible for the marketing, public relations, customer care and oversight of the entire DIM-Ecosystem.
Today marks the day of the first phase launch of The Hybrid Stock Exchange!
This will be a soft launch (Public BETA) as more features will still be implemented as the testing continues. The community is encouraged to help us explore the usability and website interface as a whole.
A new feature that you may notice is the Initial Blockshare Offering (IBO). More information can be found here.
Current features for testing:
— HYBSE website interface — HYBSE website usability — User Registration — Issuer Registration
Features to be implemented in the upcoming update, soon to be announced:
— Demo Trading — KYC Verification for Issuer and User — IBO Registration — Additional Learning Material — HYBSE Whitepaper
Features to be implemented towards the end of the year:— Full live trading — Full DIM Ecosystem Integration — Additional Learning Material — ???? (New product release)
The DIM Foundation hereby welcomes you to the first phase of the public BETA launch for The Hybrid Stock Exchange:
Please note that the wallets and coins currently on the exchange are on the testnet blockchain and do not form any type of ownership or represent any type of value.
Link: https://mfowethu.hybse.com Username: betatester Password: N7bg65sFe37Hng23Df
For any bugs, errors, issues or general feedback, kindly email [email protected]
For any questions, queries or suggestions, kindly email [email protected]
The Hybrid Stock Exchange launch will commence on Monday, 1st of October 2018.
This will be BETA Version 2.X and will be Phase One of the scheduled launch. We are currently doing one last round of testing with all the Ambassadors and Promoters, with the demo trading testing happening internally. We envision the demo trading with DIM X to be live 2 weeks from now, on Wednesday 9th of October.
The commencement of the first phase will also include the launch of other superior products yet to be announced.
The feeling of elation in the DIM offices can be felt from every department and person as we come closer to the first phase of our launch. We are delighted to begin sharing the product of our work this past year. You have all been very patient with us and we aim to show our appreciation through our efforts.
July has been a busy month for the DIM team as you all know. From hosting four DIM Ambassadors and Promoters in our Johannesburg back office to listing on some strategic exchanges, we’ve seen some good results from our efforts! This monthly update is a round-up and recap of what most of you who keep up with DIM announcements are already aware of. We also introduce you to our Operation Manager.
Firstly, we want you to know that we appreciate your constant engagement with us on our various social media platforms. There will be an interactive PDF available with all the platforms where you can get in touch with us and interact with other community members. We hear everything you say, and we’re also always working on improving our products. So, you’ll be glad to know that among the other fixes and updates, an extra layer of protection, in the form of recaptcha, has been added to the latest version of DEPOTWALLET.
Also, true to our objective of listing on exchanges that are stable and secure, we announced to you this July that DIMCOIN listed on four diverse exchanges. We are listed on Cryptopia, CryptalDash, Antriex and EXCONCIAL. In a bearish market that is steadily on a recovery, DIMCOIN has strategically positioned itself to take advantage of the market recovery as we head towards the third quarter of the year. Listing on Cryptopia gives DIMCOIN holders access to the Australasian market that is ripe for the market recovery (the DIM Foundation intends to expand in this region). While listing on CryptalDash gives DIMCOIN traders access to different platforms that provide trade liquidity. Of course, the HYBSE still remains the main priority of the Listing Department, but we are careful at the same time not to neglect opportunities to strengthen and add value to DIMCOIN.
Also, as you all already know, the #Go2DIM campaign was a success! Four community members — CryptoMatt, Garrett, Ineff and Clinton — were hosted by the DIM team at their Africa back office for two days in July. There were five original winners who were expected to visit the DIM back office, but unfortunately, two of them were unable to get their visas processed in time, and so Clinton, who had garnered a high number of votes in the competition and was located nearest to the DIM back office in relation to the other entrants, was invited in their place.
From this interaction, we feel that it would be wonderful to meet all the Ambassadors and Promoters one day, but for now we are grateful even for this small, but significant opportunity to engage with some of them in person. You can see the official #Go2DIM video, as well as each of the four’s individual videos here.
The DIM Foundation would like to introduce to you our new Operations Manager, Daniel Liu. Dan brings a wealth of experience to the DIM team, having fulfilled multiple operational roles over the course of his career in hospitality, gaming, and construction and property sales in different nations. He proudly claims his heritage of being a third generation South African Chinese who, having lived through South Africa’s political transition, is particularly drawn to the DIM Ecosystem’s democratic spirit of a blockchain ecosystem that is built for the people and managed by the people.
Dan took up the position of OM at the start of June, and hit the ground running with his plans to restructure company operations to align with the vision and desired future outcomes of the company. The purpose of the restructuring is to create a base template upon which the various new regional DIM Foundations will be modelled. He has the task of reviewing existing models and policies, and creating new ones, as well as ensuring compliance, so that at the operational level the DIM Ecosystem is functioning at its best. Dan is a big believer in the DIM Ecosystem and the impact that it will have on global traditional systems. He believes that despite the challenges and setbacks, the company as a whole, and not just operations, will deliver an unprecedented display of a true blockchain ecosystem that empowers people from all walks of life.
Yannick Zehnder, one of DIM’s faithful promoters as well as a popular crypto enthusiast and blogger had a few questions for Dan. The interview can be found here:https://medium.com/dimcoin-coverage/interview-with-dan-operations-manager-of-dimcoin-d6517912bed2
Additionally, we asked Daniel to answer some commonly asked questions from the community in the month of July, and aim to do this with every monthly update going forward. The questions and answers can be seen below:
1. Any time-frame for releasing the new WP for DIM-X?
DL: We do not have a specific time-frame, but it is on the way and in the pipeline. Our focus right now is to refine the latest HYBSE WP first as this is connected to DIM-X.
>2. Do the Tokens represent some form of ownership? If yes, can you explain what that form of ownership means?
DL: Holding DIM TOKENs can be deemed as ownership, although, not to its full capacity. A payout against the TOKEN Holders resembles a monetory ROI but should not be confused as a dividend of a share. Also, TOKEN holders have voting rights within the DIM Ecosystem which is reviewed by the core team.
3. If Wise Consulting will no longer be acting as our crypto to fiat exchange, what will replace Wise Consulting to fill in this much needed aspect?
DL: We are still the proprietary owners of the software. Wise Consulting was a service level partner. We are currently working on merging with other global parties on future collaborations.
4. Where is the DIM Foundation registered?
DL: The DIM Foundation is registered in Singapore. See below:
5. Why is DIMCOIN not participating in Crypto events around the world, and will DIM start to be more present in these events or not?
DL: We are not focusing on those events until the HYBSE is up and running. We have discovered from previous experiences that the results depend on the product that we are showcasing. So, yes, we are definitely planning to attend these events once the HYBSE is live.
6. Where do the DIM Foundation donations go and what are they used for?
DL: The DIM Foundation donations got to the various donation wallets and will be used to improve and maintain the infrastructure within the DIM Ecosystem.
7. Why are documents and plans changing since the original WP?
DL: Creating a true ecosystem is not done within a year, because this is not an ecosystem that comes and goes like others. No ecosystem has been built in a year. DIM is a long-term investment and not a quick money scam. A stable foundation in an ecosystem is the most important part for sustaining stable growth for all members joining the ecosystem. So yes, there are things that have deviated from the original roadmap, but this is due to the potential of the ecosystem. All amendments are carefully analysed and executed. We prefer to bring quality that is sustainable for a long future instead of rushing ahead and falling hard. For more information, kindly email us at [email protected]