Denarii Cash ICO Review

Denarii is a multi-cryptocurrency wallet payment service that is meant for smartphones. This app is downloadable on Android and iOS devices.

Key Statistics

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Premise

4/5 – Excellent

Denarii is a multi-cryptocurrency wallet payment service that is meant for smartphones. This app is downloadable on Android and iOS devices. This ICO uses the Horizon API server for Stellar Network powered with a blockchain technology that can store digital cash deposits and transfers between smartphones.

The Denarii Cash Wallet platform will pave the way for additional third-party blockchain application to create and develop on top of Denarii Cash Wallet Platform. It is beneficial for micro-lending, wealth management, and loyalty.

We like the fact that they are focusing on easing the financial inclusion problem by using the blockchain technology. They made the financial services accessible to access. They even offer integration with other daPPS that could be built on top of their ecosystem.

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Team

4/5 – Excellent

Denarii has a fantastic team who came from different professional industries. They are composed of individuals who have a solid background in entrepreneurship and a corporate setting. They have come from prominent universities.

Their experiences are just the right fit for developing this type of project. However, it would have been better if at least one of them has a substantial background in banking and finance.

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Token

4/5 – Good

The DCASH or Denarii Cash Token is issued in exchange for cryptocurrencies. If you are a token holder, you will be able to access the service and products of Denarii at a meager rate. What we like about it is that you can even earn interest in holding it. This token is a big part of the success of the project.

Since these tokens are multipurpose, it’s getting easier to distinguish the best ways to apply them. The idea of the proposed Token utility of DCASH is smart since there are divided into Role and Purpose. It works by assigning each role with a critical purpose.

The Denarii community is given the right to vote for the new service to include in the wallet. The DCASh serves as a representation of the voting rights. Many users were impressed by Denarii’s proposal that the ecosystem should be rewarded for every transaction that happens from the Denarii wallet. A percentage of it will also get to the funds in support of the Denarii infrastructure.

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Risk

3/5 – Medium Risk

The DCASH project seems like making a proper development in meeting its goals and objectives as one of the ICO platforms in the market. We are hopeful and confident that their project will achieve its technical goals which are practical and useful. The blockchain system is undoubtedly indispensable to all ICO platforms right now.

The only thing that is lacking with them is the integration of their fragmented solutions. Aside from this, the services they are offering are already currently existed. It would be better if they will be able to combine all of these solutions on one platform for easy access and convenience. The risk is that it is not that innovative and their competitors can quickly do the same thing they do.

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Summary

Since the inception of Denarii this 2017, it has already made an enormous leap and progress. The goal of the app includes giving the users a simple user interface. It is also easy for on-boarding users and people new to cryptocurrency to understand the platform.

Denarii allows users on the multi-wallet creation and multi-asset support. To add up to its convenience, peer-to-peer digital currency transfer as well as conversion. Users can view individual wallet transaction history and total transactions that allow them to track and monitor all the operations in their wallet.

Denarii Cash can add financial services like lending, investment, and marketplace. Their framework applies to those who would like to share their white-label digital wallet by staking their tokens via security deposit. The question is, how can they come up with unique ways and out of the box methods in improving their platform.

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Global From Asia ICO Briefing does extremely early-stage research of token offerings. As the project progresses, details may change significantly or completely. Always do your own research and do not invest more than you can afford to lose.

The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.

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Reviews

Simple user interface

★★★★☆

“ Since the inception of Denarii this 2017, it has already made an enormous leap and progress. The goal of the app includes giving the users a simple user interface. It is also easy for on-boarding users and people new to cryptocurrency to understand the platform.”

- Rhea Gonzalez

Risky but remarkable

★★★☆☆

“ They are multi-currency wallet that basically provides different financial services in one platform on top of creating a native token--DCASH--and integration services. DCASH will allow consumers, businesses, freelancers to use their platform either to provide or receive financial services. The utility token functions as a fee/reward. In regards to the reward, they will use the utility token to offset the cost of sending money across the border. This will incentivize users to stick to their platform by reducing the fees and offering a higher foreign exchange rate. They offer integration with other daPPs and Apps which could be built on top of their ecosystem and viewed by their audience, again another incentive for businesses or organizations to work with them. They will require them to stake using their DCASH to use their platforms. The utility token functions as a fee/reward. In regards to the reward, they will use the utility token to offset the cost of sending money across the border. This will incentivize users to stick to their platform by reducing the fees and offering a higher foreign exchange rate. They also plan to do a lot of marketing to promote their service. Most of the services they provide directly or indirectly already exist today, but they are trying to combine all these fragmented solutions in one platform. It’s relatively risky because bigger competitors could easily do the same thing they do.”

- Evan Ezquer

Overall rating: 3.5 out of 5 based on 2 reviews.

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