One of the greatest limitations of cryptocurrencies is undoubtedly that relating to their real usability. Since the birth of Bitcoin in 2009, 1,500 virtual coins have been placed on the market and very few of them can boast full use within the traditional market. Among these there is undoubtedly the DT Coin by Daniele Marinelli, an innovative cryptocurrency which in its growth foresees the possibility of being exchanged also with traditional currencies as well as being used for the purchase of goods and services.
Another limit of the virtual coins that the DT Coin promises to overcome is that of the fluctuating value inherent in the nature of the crypto. Since it is an economic system not controlled by a central body and basing value on the simple lever of demand and supply, Bitcoins and sisters are subject to continuous speculation and to price peaks that make them inevitably unstable. The DT Coin, on the contrary, does not lend itself to the unpredictable behavior of users, in fact based on a stable and potentially infinite market, that of Big Data.
Daniele Marinelli, a Roman entrepreneur with an important past as an economist, has sensed the importance of data within a world that is now increasingly revolutionized by the Internet and the Internet. They are in fact the new gold of modern democracies: those who own the data, have control and this is especially true especially in the economic and banking sphere. By knowing people’s behaviors, tastes and preferences, it is possible to foresee what will happen in the future and, as is known, anticipating the times is often synonymous with power. Within increasingly interconnected societies, these data flow freely and uncontrollably. Each of us daily in the most trivial actions, loses portions of data in exchange for goods or services, for example, posting a photo on Facebook what happens? We leave our data to obtain consent. The question that Daniele Marinelli asked himself is how much we get in exchange for our data is really comparable to this loss: said in a nutshell, what I get by leaving my data is really enough? Does it repay me for my “loss”? Hence the history of the DT Coin, where “DT” stands for DATA.
The DT Coin, a virtual currency that grows with our data
As we anticipated, the DT Coin is a virtual currency that bases its value on data collection:the more data is collected, the more DT Coin value grows. But what data are we talking about? Answering this question, we enter into the heart of the great revolution promised by Daniele Marinelli. The DT Coin in fact does not represent an entity in itself, it is rather a cog in a much more ambitious economic system: the DT Circle.
DT Circle is the platform through which useful data is collected to the growth of cryptocurrency. Users who join DT Circle can access a range of services, can participate in training courses, buy or sell products, interact with other users and share experiences. Obviously each of these actions produces a quantity of data that enriches the value of the DT Coin. In exchange for these data the user, in addition to using the services, is paid financially in DT Coin and it is for this reason that we talk about data that can finally be monetized.
The DT Circle, what is it possible to do inside?
Let’s see what are the services offered by the DT Circle platform through which you can earn. The DT Circle’s first gear is the DT Live. The DT Live represents the most social space of the economic system designed by Daniele Marinelli, in fact it is neither more nor less than a social network where users can exchange opinions and interact with each other. For each interaction and sharing an economic value is assigned in DT Coin.
The second gear consists instead of the DT Merchant, a real place where sellers and buyers meet. Here you can buy products or put them on sale.
Another section that users can use is the DT Academy, within which it is possible to find many continuously updated training courses.
All these services will be joined in the coming months by additional pieces, such as the DT Card and DT Bank, two entities that will make the DT Coin even closer to traditional currencies.
DT Coin Review: it’s great!
Let’s finish this presentation by talking about the more technical features of the DT Coin. The DT Coin is a currency in continuous evolution, in the initial phase it is managed centrally and this means that the management of the blockchain will be private. The mining of this cryptocurrency works on proof-of-work technology (POW) at least until 2020, the date on which the DT Coin will perform a swap on a decentralized and distributed technology. Finally, we are talking about a forced capitalization currency, in fact it adopts the technology of the Forced Market Cap as an exchange. This means that the DT Coin can never suffer price reductions, increasing its value at every sales cycle in a forced way.