As the world keeps changing, digital markets continue to rise and gain more adoption levels. The success of digital marketplaces today can be due to the introduction of technological advances.
Users currently access trading services for commodities via social media or other digital trading markets. To make compensation on the commodities, users require a mode of payment suitable and reliable to everyone.
On the other hand, utility tokens pose a valuable asset that gives holders unlimited access to goods and services. The Dettapay network is a one-stop platform that integrates the two concepts—one as a utility token(Detta) and the other as a global marketplace.
An Insight on Dettapay
The Dettapay company is coming up with an impressive innovation that seeks to become a payment system in both digital and traditional sectors. Every remittance made is paid through the network's native token, DETTA. Besides being a utility token, it gives users access to a broader market spread throughout on a global scale.
As a security measure, Dettapay aims to join forces with cybersecurity firms to ensure the safety of a user's identity together with their money. Safeguarding the platform gives users some peace of mind when conducting their trading endeavors. Furthermore, making compensations after a purchase consequently grants you lucrative rewards.
Dettapay has put in place measures that ascertain DETTA will be the primary currency on the ecosystem. The first measure involves offering discounts for initiating payments with DETTA, as mentioned earlier.
Although Dettapay is a new ecosystem, it is still pursuing analyzing the best technical unfoldings to change fiat currencies to Dettapay's native token, through the marketplace.
After conversion, by using DETTA to make purchases, a user can avail of discounts on goods and services while at the same time creating the demands for the token. Lastly, the other mechanism entails charging fees on sellers via the DETTA token. Goods and services offerings are in the form of DETTA and fiat money.
What Significance Does Dettapay Hold?
Dettapay holds a couple of benefits that explains its relevance towards the crypto community and the world as a whole:
Privacy
Like other cryptocurrencies, Dettapay also ensures the utmost security. The management of any crucial data lies entirely on the DETTA owner. Privacy protection defends Dettapay customers from issues like loss of funds resulting from hacks.
Accessibility
DETTA token facilitates the easy availability of goods and services on the ecosystem's marketplace. Furthermore, the collaborating parties also boost the Dettapay system to provide an avenue that gives users unlimited access to chattels.
Zero Limitations
The majority of countries impose spending restrictions that limit users from buying and spending their funds. Dettapay eases the payment limits by giving users unprecedented freedom of trading with any amount, whether big or small. Individuals under the Dettapay system can trade with the partners together with the network's partnering companies.
A Store of Value
The utilization of fiat currency has become the most common mode of payments. However, physical currencies are usually risky to carry around since it can result in theft. DETTA tokens work the same way as fiat currencies, only that, DETTA tokens represent digital currencies. DETTA elevates in value depending on the marketplace's usability levels in conjunction with the number of partners Dettapay registers.
DETTA Tokenomics
The supply of 1,000,000 DETTAs is going to take place in October 2020. However, the exact presale dates are not specified yet. The Dettapay team is responsible for sending an Ethereum address for people to deposit their contributions via telegram.
In case the platform doesn't reach a certain amount of ETH coins, every unsold token goes directly to the Marketing Tokens. The division of the tokens comes in several phases.
The tokens to be sold amount to 30%. 20% of it goes to the Dettapay founding team, 10% goes to staking rewards, 30% is divided amongst the partnership firms, and finally, Uniswap Listings amounts to 10%.
Dettapay's Plans for the Future
Forty-eight hours after the presale event, Dettapay plans to list DETTA on Uniswap. The Uniswap's 10% portion is going to be locked for one year. 20% of the team's shares are held for six months.
The next step for Dettapay involves submitting an application and listing details to CoinMarketCap and Coingecko. At the end of 2020, Dettapay has arrangements to list DETTA on major crypto exchanges.
Every participant in the ecosystem has the opportunity to trade the native Dettapay tokens to other currencies. Coming to the first quarter of 2021, Dettapay looks forward to revealing the potential partners it seeks to work within the future.
Other partnership reports and exchange listings happen further during the third quarter of 2021. During the last quarter of 2021, Dettapay plans to unveil its mobile app.
Parting Shot
Traditional payment systems are becoming outdated since technological advances have taken over the financial sector. In most cases, traditional modes tend to lack adequate access to international markets.
The demerits eventually bring inefficiencies in the trading sector. Dettapay comes as an innovative solution that aims to become the safest and largest digital network market.
DETTA intends to become a scarce token, with a probable increase in value due to high demand. After the presale, raising enough funds enables the platform to achieve its objectives, including marketing counterparts and getting onboard the topmost exchange systems.
