DNotes started in 2014 as a blockchain-supported cryptocurrency, and on the surface seemed to share much in common with other such coins. Of course, anyone who is familiar with the DNotes project understands that there is one major difference that separates DNotes from most other coins: it is backed by a partner company, DNotes Global Inc. That company is focused on developing the technology and generating the profits that will allow it to aggressively grow, further support the DNotes network, and return the confidence shown by its investors.
Cryptocurrency is about more than just fundamental value, it’s about consumer trends too.
In a recent Fox Business interview, Warren Buffet was critical of Bitcoin, describing it as ‘rat poison squared’ in reference to the cryptocurrency’s rocketing growth in the last five years.
There is a blockchain “solution” for everything these days — from value exchange to asset registration. There are even coins devoted to praising garlic bread or paying tribute to Vladimir Putin. Even the porn industry, where privacy and anonymity are at a premium, has produced a range of crypto tokens. An enormous diversity of blockchain businesses and startups have risen on the coattails of Bitcoin and Ethereum.
ICOs or Initial Coin Offerings are used by cryptocurrency startups as a way of getting around the heavily regulated capital-raising process demanded by banks and investors. ICOs offer a percentage of the cryptocurrency for sale to early investors in exchange for fiat – or crypto – currency, but most commonly for Bitcoin. Because it is unregulated, it’s very popular in today’s crypto industry. According to Coinschedule, more than US $2bn was raised in March 2018 alone, and nearly US $5bn in the first financial quarter. Basically, they function like Initial Public Offerings (IPOs) or crowdfunding.
One of the most economically significant events of recent times is Brexit, the United Kingdom of Great Britain’s withdrawal from the world’s single wealthiest trading bloc, the European Union. The UK has been a part of the EU since 1993 and part of its forerunner, the European Economic Community, for twenty years before that.