Digital Currency
How can I access this digital currency?
It is available through their Capital Bank. Download the app, select your account type, and a wallet will be generated for you. Once you have been onboarded into the bank, you will have access to everything you need to receive, send or acquire the digital currency.
Why am I being asked to register and account type?
Upon registering for an account, new users will be directed to select one of three account type options. Each account is customized with features to serve unique needs.
• Individual: For personal use and without association to any organization.
• Business: For businesses actively receiving and sending funds.
• Charity: For a not-for-profit organization with a clear social mission. Once you have selected your account type, you become eligible for a variety of rewards-based features.
What is the transaction link?
This digital currency utilizes smart-contract-enabled-network-logic to move e the industry forward and bring decentralization and monetary transparency to bear in the 'trustless' world of digital currency. The transaction link is an intelligent contract superstructure that directs value back to token holders.
"These smart contracts are open, yet immutable programs that define the business rules that underpin all the transactions that take place in their ecosystem."
Availability/Security
Jurisdictions list. Restricted Jurisdiction includes:
(i) any Financial Action Task Force (FATF) high-risk jurisdiction or a FATF jurisdiction with strategic deficiencies;
(ii) Cuba.
(iii) Democratic People's Republic of Korea (North Korea)
(iv) Iran.
(v) Syria.
(vi)The Crimeregion of Ukraine.
(vii) any jurisdiction for which the sale of Tokens or Redeemable Trust Units, or any offer or solicitation in respect of the Tokens or
Redeemable Trust Units would require registration or licensing not obtained by this digital money system or otherwise would be unlawful.
What are some security features unique to this system?
This digital currency system has implemented a critical storage model that incorporates enterprise systems and data encryption to protect users from potential system attacks that could jeopardize their keys. A user's public and private keys are tied to a self-selected email address, and their system password can always be regenerated if an individual forgets their password so that they will never lose access to their funds. This system allows their holders to recover their existing keys if lost or forgotten.
How do I know that my private keys and "Hot" and "Cold" wallets are secure?
Its partner, Balance, provides Wallet services, ensuring that your private keys are secure by generating and managing them on dedicated hardware throughout their entire life cycle. The hardware operating the offline (i.e. "cold") wallets are kept offline in bank-grade vaults that are access controlled, monitored and guarded 24/7. The hardware ultimately working the warm wallets is provided by a cloud infrastructure provider and physically kept in a data centre subject to similar protections and restrictions.
What is the Ecosystem?
The Ecosystem comprises all the different applications and wallet-connected features available via an app, including a Communications Suite and more. This is changing the current monetary paradigm through its dedication to constant value creation; in other words, delivering free or low-cost services where value is generated and shared among not only the individuals using a
service, but by all connected parties within the Ecosystem.
What is the benefit of offering services via this digital currency system and connecting it into their Ecosystem?
What is the benefit of offering services via this digital currency system and connecting it into their Ecosystem? Besides the benefit of accepting a better form of money/currency that reduces a merchant's embedded service fee costs, all business and charity adopters gain access to the Rewards Platform. By gaining access to this system, a merchant will have the ability to create their dedicated cashback or loyalty points program.
Such programs are typically offered at an ongoing cost to a business, but this program and infrastructure are provided free. The program offerings are dynamic and allow merchants to set the reward they want to distribute to the participants. The time they would like to have the offering in place for, etc. and then deliver back a form of direct purchase cashback or dedicated points program that can grow as the system itself grows. These services are available to everyone through an intelligent contract infrastructure. They can change and shift through the decentralized participation of the users themselves, as tools have been established to allow companies that typically cannot afford programs such as these to manage these features seamlessly, with little required knowledge of blockchain or innovative contract features.
What happens as the Ecosystem grows?
The more applications that rely on this digital currency, the more value will be generated into the Ecosystem.
This is based on a "shared prosperity" economic model that provides fundamental value to its users through participation. So more participation equals more transactions, allowing users to deepen connections between people and generate additional value back to the overall users.