DéMars Coins (DMC)
DéMars coins are digital assets, issued on the Stellar network and tradable on the Stellar Decentralised Exchange (DEX).
Only 200 Million DMC will ever be issued, with 100 Million of these being sold in the ICO.
DMC are a reward token. Users of DéMars Anchors may earn up to 50%* of their Anchor fees back in DMC. Those fees incurred when they withdraw and deposit fiat cash.
Because every cent counts.
DMC may be redeemed at any merchants accepting DéMars stablecoins, e.g. South African Rand (ZAR)
Use of the Proceeds
Eighty percent of the proceeds ($8 Million) will be deposited in the collateral account. Were it will be utilised to purchase a basket of basic commodities. The underlying physical commodity ETFs will be held in a regulated broker nominee account, the balance of which will be made public on our website and independently audited each year.
Twenty percent of the proceeds ($2 Million) is to be deposited in the Anchor regulatory capital and application development account. These funds will be used as regulatory capital for the various licenses we require and will contribute towards the development of our Stellar wallet applications and the integration of our Anchors with regulated “pay-in” and “pay-out” partners. Banks, mobile money companies and merchant processing companies, to name but a few.