The digital goods market is huge, multi-billion dollar industry that is worth about 4 times more than the entire market cap of all cryptocurrencies combined. This is why the DIGI Token team is aiming to build a marketplace to bring the blockchain to the world of digital goods and services. Product Viability There are many projects looking to entirely upend and disrupt entire industries or create their own new industry. DIGI Token has set their sights on an already viable business model that could drastically benefit from the introduction of cyrptocurrency and blockchain technology. The way they see it, even
The digital goods market is huge, multi-billion dollar industry that is worth about 4 times more than the entire market cap of all cryptocurrencies combined. This is why the DIGI Token team is aiming to build a marketplace to bring the blockchain to the world of digital goods and services.
Product Viability
There are many projects looking to entirely upend and disrupt entire industries or create their own new industry. DIGI Token has set their sights on an already viable business model that could drastically benefit from the introduction of cyrptocurrency and blockchain technology. The way they see it, even though the digital goods and services marketplace is a good is already thriving, their coin can make meaningful impacts on it. They want to fix the main problems they see in the current business model.
Fixing Current Industry Problems
The three major problems in the digital goods and service market that the DIGI Token team see are copyright issues, enormous commissions, and a restricted global reach. They think their token (DIGI) can solve all of these in one fell swoop.
In digital marketplaces today, individuals can essentially steal the intellectual property and infringe on copyrighted material by making a few changes alone. They can then sell these services or products on marketplaces, robbing the original developers of hard earned money. By having a blockchain backed platform, it will be easier to flag, report, and address instances of copyright infringement.
Platforms today can also end up taking as high as 60% of the revenue from a digital product or service. That is a ludicrously high number and feels unfair to the sellers and developers of these products. To combat this, DIGI Token’s platform would generate revenue from promotion and other use cases of DIGI Token. This way, the platform does not need to rely on content published by authors and developers, so these entities can keep more of the fruits of their labor.
Sometimes platforms in the current system are also geo-location restrictive. While many payment methods like paypal and credit cards feel like they are ubiquitous, some areas cannot be serviced as easily. This means that the payment systems are not truly global. DIGI Token realizes this problem and solves it by the nature of using blockchain technology. Since it is not centralized, there is no third party to decide whether or not a region can be serviced. This frees both buyers and sellers to transact in a truly global nature.
DIGI Token’s ICO
Currently, DIGI Token is holding a token sale with some impressive early bird specials. Until Wednesday, participants can receive an extra 40% as a bonus for contributing. There is a funding hardcap of 75,000 ETH, meaning that if this is reached before the sale’s end date the token sale will immediately end.
Check out their website here: https://www.digitoken.tech/
This is their Whitepaper: https://www.digitoken.tech/wp-content/themes/digi/digi-whitepaper.pdf
This is a sponsored post and does not necessarily reflect the opinions of any The Merkle employees. This is not trading or investment advice, always conduct your own independent research.