DIM Monthly Update

DIMCOIN
4 min readAug 31, 2018

There has been a wonderful energy in the DIM-isphere this August with the release of products in the DIM Ecosystem, and preparations for a highly anticipated launch. We continue to be in conversation with the community through our social media platforms, and we’re pleased to share more Q&As with you this month, addressing concerns that have been brought forward by members of our community through the Ambassadors and Promoters.

But first things first, we’re pleased to announce that version 1.6.0 of DEPOTWALLET was released today! In this updated version, DEPOTWALLET has an address book and invoice creation, which will work in tandem with DIMWALLET. As you know, the DIM Foundation also released the DIMWALLET mobile app this month. These releases are significant, and it is satisfying to see the different facets of the DIM Ecosystem fall into place because each element has a vital role to play in the holistic vision of the ecosystem. DIMWALLET has all the basics one expects to find in a sophisticated wallet, and some of its stand out features include two-factor authentication, the ability to attach more than one kind of mosaic to transactions, and the option to either scan or import a .wlt file. The app has a functionality to remember a login password, and users have the option to view their account balance either in USD or Euros — however this particular function applies only to DIMCOIN, DIM Currencies and XEM. Mosaics other than the ones mentioned will show a zero fiat balance. As mentioned earlier, different mosaics may be stored in DIMWALLET, however, the wallet is specifically designed for DIMCOIN, DIM Currencies, and XEM, and over time with each update the app will evolve to reflect and accommodate the particular requirements of DIM Ecosystem participants as their feedback and recommendations will in part guide the development process.

We care about the concerns of our community, and strive to give clarity wherever we can. In last month’s update, Daniel (OM) answered questions from the community, and this month our Ambassadors and Promoters collated more questions. Here are Daniel’s responses to some of them:

1) I’m confused about voting rights.

This is fully functional now on DEPOTWALLET. The testing has been successful, but there will still be further tests.

2) Why is the new WP missing the 1.5% fee in the assets transfers?

The DIM Ecosystem is breaking new ground in a highly competitive, fast moving and rapidly evolving domain. For this reason, the Ecosystem is constantly being developed and aligned to respond to, and to withstand market forces beyond our control. We will be able to look back at the changes in the future to learn from them. We see the WP as a living document that evolves according the growth of the Ecosystem and its environment. Our commitment is to be transparent and give clarity where necessary.

3) Why was the WP changed without voting?

Please see the answer to question 2.

4) Is HYBSE still on track for September

YES.

5) How many companies have signed up?

Due to the sensitive nature of due diligence processes for companies listing on the HYBSE, this information must be held in confidence.

6) When is the next payout for DIM TOKEN holders?

The voting works, but we wish for all stakeholders to first participate in a test run of voting. We want to see if everyone will be satisfied with the outcome of that function before we act upon a change that will define the course of action going forward.

7) DIMX and its current state?

DIM X is in its second round of testing, but everything is actually running very smoothly.

A message from Daniel:

To our true believers, we appreciate your patience. The time for us to showcase the heart of the DIM Ecosystem is near, and over the coming weeks as the summer ends, we look forward to going into this much anticipated new season with you as we unveil what you’ve all been waiting for. The DIM Ecosystem and various products and services will firstly come online, but the full capacity of the HYBSE will become more available in periodic waves. We strategically choose to do the content release in this way in order to involve the community in shaping the final product for all those who will benefit from it. Many delays and hurdles held us back, and we sincerely apologise for that, but we believe the impact of what is coming out will be worth the wait. Although we won’t make exact dates available, on behalf of the Executive Committee, we want you to know that your faith in the future of this great ecosystem will be rewarded with the power to be empowered.

Over the coming months, our Ambassador network will strive to put as many listing opportunities as possible onto the platforms, which will fuel the DIM Ecosystem’s growth and put the brand in a steadfast position to globally and innovatively succeed in mass adoption.

A more detailed brief will be made available in the September DIM Update as at that stage we will be at liberty to comment on live data.

Like ice-cream on a hot summer’s day. It’s that good.

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DIMCOIN

The Data Interchange Module cryptocurrency is a peer-to-peer, quantity committed, secure, private and robust digital medium of exchange. https://www.dimcoin.io/