Dirham (Dah) Project : A Different Regulated Take on Traditional Stablecoin Market - Coindoo

Dirham (Dah) Project : A Different Regulated Take on Traditional Stablecoin Market

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Jun 9, 2021
5 min reading time

Dirham (DAH) ecosystem announced the launch of the world’s first regulated stablecoin pegged against the dirham (AED) governed by smart contracts that ensures transparency of funds along with minimal fluctuation. Building a viable stablecoin is as much of a trust problem as it is a computer science one. While Bitcoin created a system based on cryptographic proof instead of trust, a fiat-pegged stablecoin requires both due to its reliance on a centralized issuer.

For example, in February 2019, JPMorgan became the first bank in the United States to create and test a digital coin that represents 1 USD. As the cryptocurrency industry grows, other banks, financial services companies, and even governments will create stable digital currencies (e.g., Central Bank Digital Currencies), as will large organizations outside of the finance sector.

DIRHAM Token (DAH) is a stablecoin like USDT and others. Acts as a clipboard for exchange and trading on the exchange. Determined by the value of the fiat currency dirham (AED) / dollar (USD) and protects against the instability of cryptocurrencies. The value of a digital asset is 20% secured by AED / USD and 80% secured by the issuance or burning of a token within the framework of the blockchain protocol. Full 100% provision of a digital asset by an external traditional real asset will be completed by the specified path. Dirham is now used as a reduced volatility clipboard. Has a wallet, an exchanger, as well as the Dirham Trade exchange (dirham.trade), trading on which will be open after the ICO on 06/19/2021.

The team behind the project has implemented the dirham as a stable currency, the terms of the DAH protocol are spelled out in the Etherscan smart contract. The next stage of implementation – a simple One-Tap application (onetap.link) – is an instant one-touch transfer of cryptocurrency, regardless of the state of the network. Habicoin (HAB) (Habicoin.app) is a cryptocurrency with an individual blockchain, ideal for mining and “simple” on the network. DIPAY (dipay.org) is a technology that collects and transmits payment information for online payments from customers to acquirers around the world. All this will make it possible to implement a large-scalable project that has not yet been implemented by anyone. These four components will work in tandem to provide a single mechanism for Dirham.

The Habicoin, an Integral Part of DAH Ecosystem

Habicoin (HAB) is a smart cryptocurrency with an individual blockchain, perfect for mining, guarantees fair confidentiality and decentralization, “easy” on the network with minimal fees.

Built-in hardware and cold storage wallet and an individual unique Staking admin panel for each client. HAB ++, open source, easy-to-use GUI based on ultra-fast configurable C ++ node and wallet backend. Supports sending / receiving via file, http(s), and grinbox. Supports Windows, macOS, and Linux. To transfer coins on the HLS blockchain, the sender and recipient must exchange verification information. In this regard, still need Person 1 and Person 2 to communicate, but they do not have to be online at the same time for the transaction to take place.

Among other things, the HLS blockchain will use a function called cut-through, which reduces the amount of data in the block by removing unnecessary information about transactions. So instead of recording each input and output, only one data pair will be recorded in the block.

On the technical side, HLS supports the network and extends the concept of transaction confidentiality (CT). In simple terms, CT is a privacy tool that hides the number of transfers in the blockchain.

Tokenomics, ICO and Roadmap

The total initial supply of 11,000,000,000 DAH would be distributed in the following manner:

  • 83 % – IPO primary listing for use as a stable digital asset “stablecoin”
  • 5 % – ICO to republican investors, accredited and physical investors for crowdfunding, (receiving a low price of $ 0.2025 per coin) and subsequent sale on trading platforms with a profit of 25% (no more than 550000000 million). coins priced at 0.2025$/ 111375000 $)
  • 3 % – Rewards, grants, and funding.
  • 3 % – Dirham Foundation, for engineering, community building, and marketing promotions
  • 6 % – Creators, team, and development

The session duration is 14 days, the sale is available on Finexbox, Coinsbit, and P2PB2B after the end of the IPO session.

  • ICO: start on 05/26/2021. Deadline: 05/26/2021 – 06/19/2021 (24 days).
  • Cost of 1 DAH in ICO 1 DAH – $ 0.2025
  • (The price is reduced by 25% when buying a DAH token during the ICO, for $ 0.2025 user can buy – on the exchange user can sell for $ 0.27).

ICO Stake: 06/20/2021 – 08/29/2021 (100 days). User will receive 0.8% per day of the volume of coins for 100 days. (Withdrawal of profit is available). Further, this program will continue, but the price for the token will already be on the exchange. A fifteen-level affiliate program with favorable interest rates – up to 38%. User also have other rewards from the network – these are rewards and monthly accruals. 

After the development of the One-Tap application (this is a one-touch system for sending any cryptocurrency, regardless of the state of the network, it provides an instant transfer of the payment, the received volume can be used within three seconds), User will not have to pay the commission set by the application.

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* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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