Dear Participants,
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.
Kind regards,
The DIM Team
