-- Dumeno's vision is to create more opportunities and empower people all over the globe with great ideas, but no capital to execute them. We hope to bring a new Era to the global Financial world by unleashing the true power of Crypto & Blockchain and show the World how much good can come from it and how Blockchain can serve mankind's best interests. Financial system wants to be changed, Financial system needs to be changed and Dumeno is here to deliver that change!
This article will reveal to its readers the mission and goals of the project, introduce the DMN token and its capabilities.
To begin with, it is worth talking about the problems that people who come to crypto investing often face:
High fees on Crypto to Fiat conversions (vice versa) and withdrawals as well as high fees on ETH & BTC network, causing crypto payment/sending, for small amount holders , highly unfavourable.
A lot of Businesses/Corporations/Banks are not willing to accept Cryptos as means of payment due to leak of trust/liquidity.
Leak of opportunities for those who have the ideas, but don't have capital to execute them.
Dumeno has found a great solution that will suit both parties: Combining & Developing all needed platforms & services needed for Crypto to Fiat route (vice versa), into one platform (Fiat Banking Software , Liquidity Providing Service & Crypto Wallet and Blockchain) as well obtaining all required legal licenses in order to reduce withdrawal costs to as low as 1 % while allowing Crypto related businesses to add % on top of our fee (say 0.2%+1% our fee= 1.2%) which turns their liability into an asset as they are now making money with us as well, while drastically reducing fees for their users. On top of that, our users can send any supported Crypto to other wallets on our platform in a matter of seconds, while saving significant money on network fees.
Dumeno allows Businesses/Corporations/Banks to accept Crypto payments, with instant fiat conversions meaning they receive fiat settlements with no risks of chargebacks and low fees while gaining access to the $25.5 Trillion/year market.
Dumeno is taking a different approach towards the market by involving our partner banks and private lenders into the crypto loan process as well as people who want to put their money into fiat savings accounts and enjoy up to 8% APR against up to 1% APR interest rate in their banks. Even though their money gets issued to us in fiat, thanks to our platform, it instantly gets converted into Crypto Stable Coins and is further used for Crypto loan issuance, Flash Loans (read in addition), Arbitrage Trading, Leverage Trading etc.
The obvious advantages of the platform are in the following details:
Low Fees;
Crypto/Fiat Payments completed in seconds: with BTC & ETH Network fees being super expensive right now, we'll allow our users to transfer Crypto within our platform with 0% fee (although later down the road we do plan to have fees for it);
No currency restrictions;
Cryptocurrency lending/borrowing;
Flash Loans: fully commercializing Flash Loans and making them super simple to use. It will allow our users to get loans up to $1M with no collateral to execute DeFi Arbitrage trade opportunities;
Prepaid cards: plan to issue both digital and physical prepaid Visa/Mastercards which will be connected to our users account. They will be able to spend any crypto they like, wherever they like since we will convert crypto and make settlement to merchant in fiat;
Cash withdrawals: users will be able to send Crypto worldwide and receivers to receive fiat (similar to WU, but only we'll be accepting Crypto as payment as well) or simply walk into our partners shops and exchange Crypto for cash at any time within couple of seconds and then make a settlement in fiat to our partners;
NFT marketplace: with it having friends who play for NBA, we thought it would be a good marketing move to launch our NFT marketplace as well;
Dumeno exchange: plan to connect with major exchanges on the market in order to provide absolute best liquidity and pricing for our users and to make it highly new user friendly
DMN Token features: 30% dividend payouts - every quartal, we'll commit 30% of our profits in order to purchase back our tokens from the market, 0.03% out of each transaction on Dumeno platform is used to buy/burn Dumeno tokens, fees to be fully/partially paid via Dumeno token, fees reduced when paying with Dumeno Token, additional % on Dumeno Savings in case of use of Dumeno tokens in savings account.
The opportunity to earn along with the movement of the value of the DMN token is a great opportunity that will open before you.
Contact Info:
Name: Dumeno
Email: Send Email
Organization: Dumeno
Website: https://www.dumeno.com/#
Release ID: 89023421
Google
RSS