What is DIBCOIN?
Launched in 2016, DIBCOIN “dibcoin” is a Security Token Blockchain-enabled digital asset designed to facilitate mergers and acquisitions with the use of digital currencies, instead of traditional stocks. DIBCOIN works to disrupt the conventional financial structure, via a more modern approach to money. DIBCOIN (DIBC), is the first cryptocurrency that has been used to acquire a real company with real assets.
Did DIBCOIN had an Initial Coin Offering (ICO)?
No ICO! We just launch open trading to the public on Livecoin Exchange on April 04, 20016
How does DIBCOIN work?
DIBCOIN exist as digital tokens built on bitcoin (Omni). The OmniLayer transport protocols consist of open source software that interface with the bitcoin blockchain to allow for the issuance and redemption of cryptocurrency tokens, in our case, “dibcoins.”
DIBCOIN is created to use the Bitcoin network as its transport protocol—specifically, the Omni Layer—to allow transactions of tokenised traditional assets. Since DIBCOIN uses the Bitcoin blockchain it inherits the inherent stability and security of the longest established blockchain network.
Where do I stash my DIBCOIN for safety?
https://www.omniwallet.org is a convenient way and the safest way for you to store your DIBCOIN’s. Each omniwallet has a Wallet ID. When you create a new omniwallet, its generates a brand new random Wallet ID for you. This ID enables you to login and access your wallet. Your Wallet ID is the way Omni know which wallet is yours. You need your Wallet ID to login and access your wallet
So Please BACKUP/SAVE your Wallet ID and your Wallet Password somewhere safe, but separately. If you lose your Wallet ID or Wallet Password, you could lose the addresses and the funds in them.
Who can use DIBCOIN?
DIBCOIN enable business to conduct transactions with an encrypted currency to acquire profitable businesses – including exchanges, wallets, payment processors, financial services and ATMs – can easily use dibcoin.
Is DIBCOIN a Security Token?
Yes! According to the “Howey Test” , a test created by the Supreme Court for determining whether certain transactions qualify as “investment contracts” , DIBCOIN is considered a security Token. Under the Securities Act of 1933 and the Securities Exchange Act of 1934, possibly DIBCOIN transactions are considered securities and therefore subject to certain disclosure and registration requirements.
A security is found to exist in the case with DIBCOIN because of these elements:
- Ownership of asset
- Investors expecting profits
- The efforts of others