What Is Digitize Coin?
Digitize is a blockchain-based ecosystem and cryptocurrency that allows consumers to convert loose change into virtual currencies at the point of transaction. Users can tokenize their loose change into digital currency so they can use it for payments, loyalty programs, or exchange it for Ethereum.
The Problem Digitize Coin Seeks To Solve
Truly, no one likes loose change! Whether it’s crammed in your wallet or moving and jingling around in your pockets, loose change is a burden everyone has to deal with because it’s valuable and throwing it away doesn't make sense. Digitize seeks to solve this problem by letting you save your change at the point of transaction, straight into your own digital wallet and allow you to convert it to other currencies or use it for future payments.
At a time when many governments around the world are looking to digitize their national currencies due to the costs of creating, circulating, and securing their currencies, Digitize is the channel for the world's loose change.
Digitize Coin Has A Mission
Digitize aims to help the world transition from a cash-based society to a digital one. The platform targets the public and consumer directly by solving a real world problem. Most cryptocurrencies today are tech heavy and hard to understand for the average consumer, which is a barrier for the mainstream adoption of the technology.
Digitize plans to solve this by developing a service that helps consumers convert loose change to crypto and remove the frustration of carrying and saving loose change entirely. By making this process a simple and seamless experience, they aim to bring the public into the crypto world one transaction at a time.
Statistics reveal that in a survey of more than 2000 individuals, almost half do not prefer to carry coins. Besides, research reveals that Australian adults lose on average sixty dollars a year in loose change, which amounts to $466 million dollars annually.
How Digitize Coin Token Rewards, Payments & Exchange Works
Digitize is a native token for cryptocurrency that allows consumers to convert their loose change into Digitize tokens. Digitize tokens can then be used for payments, to contribute in retailer loyalty, or reward programs.
The concept is simple: Imagine walking down to your nearest grocery store and buying $22.50 in groceries. You pay for your total with $30 cash. The $7.50 change you will receive, can be sent straight to your digitize wallet by taping your phone on the Digitize scanner. The change will then be instantly saved straight to your digitize wallet. Holders of the saved Digitize tokens can use them as payments, to contribute to rewards programs, or to exchange for Ethereum.
Benefits To Retailers
- Eliminates the need to hold and to transact change
- Service provided likely to increase consumer demand
- Provides program rewards with an instant payment solution
- Retailer receives a percentage of the transaction fee when cash is deposited in digital currencies.
For the economy, the system will reduce dependence on physical currency and costs to produce. Besides, it will eliminate the need to hold and transact change.
Digitize Coin DTZ ICO Details
Digitize Coin is launching a Pre-ICO starting March 10th.
- Symbol: DTZ
- Initial Value: 1DTZ = 0.0002 ETH
- Type: ERC20
- Maximum Pre-Sale Cap: 10% of Total Supply
- Pre-Sale Softcap: 600 ETH
- Pre-Sale Bonus: 25%
- Token Supply: 200,000,000 DTZ
Digitize Coin Is Mobile Device Compliant
Finally, the Digitize platform can operate on any portable mobile device for the merchant to use independent of their POS system. This will enable merchants to embrace Digitize without having to undergo changes to their payment setup. The Digitize device will allow users to be able to pay and deposit funds to and from the merchant's cryptocurrency wallets. Merchants will also be able to allocate and provide Digitize tokens to consumers as part of their loyalty programs and promotions.