Divi Project Update

Welcome to another Divi weekly update, and a big shout-out this week to all of our Patreons that have been joining to contribute to the channel. Thanks a lot to all of them and if you want to join in on that and access our private Discord channel just follow this link: https://www.patreon.com/join/CryptoTube/checkout?rid=5325764

Over on the markets, Divi has maintained the market cap of 100 million however dropping quite a bit in ranking. All in all it is still not a bad position to be in, holding the 5 cent level. Looking at volume we see a big improvement. Finally Bithumb is showing good volume, having shot up 4 times the volume of last week to $124k a day. This makes it the main exchange for Divi now and might be reflecting a success in catching the interest of the Asian markets. Also Bitrue showed good volume, particularly the XRP pair that has been seeing a lot of activity lately. With high market volume and this dip in prices I’d say we’re looking at an excellent level to buy in at an optimal level.

I feel like the reason the price has gone down a little bit can be found in the cost of Divi’s masternodes. At $5.5k, the Copper masternode, which is also the cheapest, is a huge commitment for many individuals and completely unaffordable for many others. Remember that this masternode was costing around $1200 3 to 4 months ago. Staking also requires a minimum of 10000 Divi which is worth $500 or so. Again this is a big amount, particularly in less developed regions where wages are a lot lower. This makes the idea of buying up Divi and using it as a second income harder to achieve. With the new staking vaults in development we could see a change on this front. Once that’s online I will probably create one so that you all can participate even with small amounts of Divi while keeping the keys to your own coins.

I recently spotted on the twitter of Anna Ginzburg the promotion of the partnership between Divi and Zap through the blockchain center lead by Nick Spanos. This shows that there is ongoing marketing efforts with the blockchain center and that things are picking up for those partnerships with new ones announced every week. All this marketing will add visibility for the project, which means more people will be brought to the Divi sphere.

This week there were three important pieces of news. The first one is that the wallet has been slightly delayed, since it was promised for the end of Summer, however they have been fully transparent with us about it and there is no reason to think it won’t be coming soon. The second one is the new website that has been released, and the third one the launch of the Divi venture fund. Through Divi ventures, they make use of a pool of funds to invest in upcoming developments for the Divi ecosystem and others. It is like having a research and development arm. Divi has a full marketing arm, and the finances to push these ideas forward. This will greatly expand the ecosystem in the long term, because for every new good idea there will now also be the funding.

Let’s take a quick look at the new website. The number of people registered for the Divi wallet release is now over 12000. We can see here some screenshots from the app, with different ways to earn from within. You can become a validator by running a node, get staking or participate in the lottery. The lottery is a huge block reward that is paid to 11 winners when solved. The top winner gets 252000 Divi, which is a life-changing amount for quite a few people.

The app will also have an exchange to trade between different cryptocurrencies or fiat, with USD, EUR and Costa Rican Colones. It features all sort of charts and notifications so that you can easily keep track of your Cryptos. Another roadmap item that’s very exciting is the debit card. Funding it with your Divi, you will be able to use it for your daily payments. All if this provides a great first impression and looks really slick, go have a look yourself following this link: https://diviproject.org/

Divi has announced a new partnership in Xaya, a blockchain gaming dapps platform. Last week we were discussing the jump into the gaming world with Siege Worlds, where they organize tournaments where you can earn Divi. Now this new partnership indicates that they’re looking to get serious in their involvement with the gaming sector. They also communicated that in Siege Worlds they will add many other coins, including Divi’s partners, so that you can also earn those currencies. The gaming sector seems to be primed for a boom, so this is a great opportunity for Divi.

Regarding marketing there was supposed to be the announcement of the new listing but we don’t have any additional details yet. However we see a route to market now, we had an initial update for the main website and many new ambassadors and influencers will be onboard to spread the word about Divi. There are also some updates related to Instagram. They will be doing a behind the scenes video covering the life of different team members. This is quite a common thing in other industries but we haven’t seen it done so much in Crypto. All of these new ideas probably have something to do with the new marketing officer Zoe Cox whose Linkedin account you can check here: https://uk.linkedin.com/in/mszoecox

As you see she has won quite a few awards and it seems that she really brought some firepower for the marketing side of Divi.

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