DéMars

DéMars

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Created using Figma

Last Update

Dec 19, 2018

DéMars is the first blockchain infrastructure protocol/platform built in Africa, for Africa.  The team is building solutions to enable fast, secure and efficient micro transactions on mobile phones. With the goal of reducing the frictional cost of money and providing affordable and accessible financial services to the under-banked.
Ongoing
TBA
Token Details
Ticker
DMC
Total supply
10000000000
Token Distribution
250m to be sold at pre-sale
The balance is to be used for our remittance solution and will be held by users of the service.
Accepted Currencies
ETH, BTC, EUR
Min Contribution
10
EUR
Company Details
Registered Company Name
DéMars Limited
Registered Country
Seychelles, Mauritius
Company Founded
Aug 24, 2018
Bonus Structure
20% discount on the pre-sale.
Thereafter a "stable coin" at €0.01 per 1 DMC is targetted.
Additional Details
MVP/Prototype
Yes
Platform
We have built a new one
Categories
Platform

About DéMars

TEAM

The founder & CEO, Shaun Burrow, is a seasoned financial services and fintech entrepreneur, with a number of startups and exits under his belt. He has built a very experienced technical team. The company already has community leaders and distribution in the following countries; Nigeria, Kenya, Tanzania, Rwanda, Zimbabwe, Lesotho and South Africa - and the team is growing rapidly.  However to date their marketing and social media presence has been limited, as the majority of their budget has been spent on technical R&D.

TOKENOMICS

DMC is the network’s native currency. It acts as a “signalling tool” within the network and is deliberately pegged at €0.01 per 1 DMC.  10Bn DMC will be pre-mined and bar the 250m being pre-sold, the balance will be retained by the company and slowly released via the partner network - to facilitate real world transactions. Should stakeholders wish to hold DMC in their wallets and not change or spend it, this will represent a wealth transfer from the fiat money system onto the company balance sheet. With the fiat proceeds, DéMars will purchase a basket of commodities and publish their holdings in the media (as proposed by Hayek in his tome, The De-Nationalisation of Money). The EUR peg will gradually erode if the ECB debases the value of their currency.

 

VISION

The DéMars hashtag #Blockchainforgood sums up the team’s rather ambitious goal of using distributed ledger technology to provide access the financial services to those excluded by the current system. 

 

 

Features

PRODUCTS

  • A structured computer network, using a new lightweight blockchain protocol 
  • An open architecture decentralised application engine (3rd parties can build apps in any language)
  • A web application, or e-wallet, for merchant & mobile money partners
  • A mobile application for sending, receiving, buying and spending

Technical Info

DéMars have dramatically reduced the data throughput of a blockchain network, by using a structured distributed hash table and localising the consensus. Thus solved a number of the speed and scalability issues associated with existing blockchain protocols and making the network mobile phone compatible – mobiles distribute, store and maintain the ledger – even in data constrained environments. The “capped proof of stake” – localised consensus system –  is super-fast, extremely secure and infinitely scalable. The network is essentially free. There is a very small, fixed, 0.01 DMC (1 DM Cent,  €0.0001) transaction fee, to protect against DoS attacks.

There are no centralised exchanges, as users can exchange peer-to-peer, within the protocol (via a localised classifieds network, similar to localbitcoins)

There is a US patent pending on the network design and structure.

DéMars Roadmap

  • Dec 2018

  • March Hare & Co Ltd established in Mauritius
  • Aug 2018

  • Delivery of the Alpha Network and ABCI Testnet
  • June 2019

  • Delivery of the Beta Mobile App and live rollout of the remittance solution
    in South Africa and Zimbabwe
  • Jan 2020

  • Smart contract implementation & 3rd party developer support
  • Read More
  • June 2020

  • Additional language support and rollout to the rest of Africa and Europe

Activity

Followers:
275
VERY LOW
Tweets:
439
HIGH
Fake Users Detected:
0%
30 Days Growth:
23
Year commits:
25
Watchers:
2
Stars:
3
Forks:
0
Open issues:
0

Team

Verified 100%

Shaun Burrow
Founder & CEO
verified
Arun Raj
Head of Distributed Ledger Technology
verified
Lindsay Luppnow
Head of Legal & Compliance
verified
Komal Gungah
Head of Projects & Marketing
verified

DéMars Interviews

Shaun Burrow
As a team member, сan you tell us about your role in the ICO project?
I'm the Founder & CEO.

We set out on this journey to build a "Revolut for Africa" mobile phone wallet. However we soon discovered that the existing infrastructure - banks, money transfer agents and every cryptos couldn't support basic mobile apps which people in developed countries take for granted. Why? They used too much data. Nobody had cash for data or could use a credit card.

So we set out to re-invent financial services infrastructure. Welcome to DMC!
What do you think about idea?
With DéMars we have the opportunity to make an incredible contribution towards society.

No only is the technology groundbreaking, but the application has the potential to bring distributed networks and financial services to the masses. Especially those who are currently unserved due to poor banking and telecommunications infrastructure.
Arun Raj
As a team member, сan you tell us about your role in the ICO project?
I'm involved in the technical design and development of the project. Specifically, I work on the P2P network and distributed consensus modules. And I take care of all the other minor things on the side.
What do you think about idea?
To support a complete blockchain on bandwidth constrained networks (and bring it to the people of Africa), reducing the overheads of decentralized consensus is something which needs to be done. And with existing blockchain systems not meeting the criteria, we are building our own. I think it is something great.
Lindsay Luppnow
As a team member, сan you tell us about your role in the ICO project?
I am the head of Legal on the project and assist with marketing here an there.

I am so proud to be working with a highly skilled team on what we believe is a groundbreaking protocol which will literally change the lives of its end users.

As an "adventurous" attorney, working in an ever changing legal landscape around blockchain technology and tech related businesses, there is always something new and exciting happening.

Once a person has worked on a project like this, they will realize its never "business as usual" and that is a brilliant and exciting way to work.
What do you think about idea?
I am originally from South Africa. I have lived, studied and worked with people from all over Africa and have seen their struggle lived out in the real world on a daily basis. I saw particularly those from Zimbabwe who have come to South Africa for a better life, struggle to send money home easily and cost effectively. When we discussed what this protocol could do, I was deeply moved to know that the people I knew, lives could be changed on a real micro level by this technology.

Once the DMC App is live, people who currently spend 10 - 20% of the money they send home on transaction fees, will have more to spend on food, clothing, education and living expenses. This is how a real difference can be made and I believe that this project can achieve this in a very real way.
Komal Gungah
As a team member, сan you tell us about your role in the ICO project?
I am the Head of Projects & Marketing on the team.

My role has been to head up our projects, marketing and work alongside our tech team because of my programming experience.
What do you think about idea?
There are so many mobile money "solutions" out there in the market but none that are truly decentralized, data friendly, lite, fast and facilitate rapid peer-to-peer transactions on a mobile phone.

The brilliance behind the technology has truly fascinated me. ICO marketing is something new and constantly changing and I feel that we are operating in a cutting edge field of technology.

This project has really pushed the boundaries on what many have tried to do and I feel that it will truly provide solutions to the mainly shortcomings in this industry. I am so proud of to be part of this project.

Last News

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