Recently, an announcement leaked in skipjack community reveals that Skipjack Cooperation will issue “IDO Platform” Initial Dime Offering which is known as Initial Coin Offering (ICO) in the crypto world. However, the crypto coin to be released by Skipjack Cooperation is codenamed DMC.
As of today, Skipjack now offers two products – Encrypblock and Skipjack Encryp Distributed Ledger. Launched last 19 December 2018, Encrypblock is an innovative financial technology designed to help banks and other financial institutions achieve faster interbank transactions and verification. Currently, Encrypblock holds a 2-microsecond transaction speed with each transaction secured and verified.
1. Encrypblock platform is designed for individuals and banks. it is designed based Jacks law with a record speed of 2 millisecond per transaction scaling up to more than 1 million transactions per second. It also features low transaction fee ranging from 0.01 % to 0.1%.
Encrypblock produces encrypcurrency known SJK dimes which are encrypted digital currency with supply of 100 billion sjk dimes. This SJK dime will be used as a virtual currency for future transactions. Encrypblock is also designed for banks to adapt in this fast paced environment and compete with visanet and swiftnet.
Encrypblock Banking is a digital payment platform that operates within a zeta centralized operating system. It is intended for the deployment of industrial-scale zeta centralized applications through an autonomous corporation model. This new platform aims to minimize or even eliminate transaction and other fees usually associated with international bank transactions. Powered by Jack’s Law, it is predicted that Encrypblock can process up to one million transactions per second.
2. SKIPJACK ENCRYP Distributed Ledger Technology ( DLT) is an improvement to blockchain protocol. The protocol emulates most of the attributes of a real computer including hardware (CPU(s) & GPU(s) for processing, local/RAM memory, hard-disk storage) with the computing resources distributed equally among DMC cryptocurrency holders. DMC Encryp platform operates as a smart contract platform and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. It is an integration of Distributed Ledger with Encrypblock technology.
The DMC will be the new cryptocurrency.
Encryp Distributed Ledger, on the other hand, is designed for cryptocurrency consumers and traders. It allows old and new Skipjack users to trade Skipjack Dime into any crypto and/or fiat currency within the platform. This is due to Skipjack technology adapting the current blockchain technology which enables Skipjack to enter the Coin Market Cap.
Estimate open price is 1$ per DMC and 50 Billion DMC would be issued. However, hard cap during the crowdsale of DMC is targeted to hit at least 1Billion USD as company confirmed they’ve large investors anticipating from the Middle-east region.
This is great news for every dime owner as there would be an option to exchange dime for DMC for dimers that wish to liquidate. Also, for all dime holders, you are advised to acquire more dimes so you gain privilege to own more DMC during crowdsales.
Don’t get confused. If you’re a dime owner, for instance you own 1000 dimes, which is worth 73$ for each dime (as of the time of publishing this article). If you wish to liquidate just 50 dimes, then it can give you 50 x 73 = 3650 DMC = 3650$. As known, we dimers are the owners of DMC, so as we convert the amount of dimes we wish to liquidate at early stage, we get DMC and the investors that wish to acquire DMC gets from us dimers through the company. You can also choose to save your DMC and keep because it’s also a great asset backed by SJK dime and would definitely grow at the long run as it’s gateway connection from dime market to coin market and vice versa creates a smart usability.
So, let’s anticipate DMC crowdsale, its scheduled to begin late February and this is a gateway for dime owners to liquidate their dimes while we wait for other facilities to be opened. In the coming months, we will publish more information on the Skipjack DMC platform which will be released as an open-source software by the second half of 2019.
It’s advised we buy as much dimes as we can afford to purchase at this time. Soon, the price of dime would jump again. We already see so many positive impacts, even an interview with Paulius on Forbes reveals that Encrypcurrency would be the best opportunity for disappointed crypto investors.