Photo - Dolla
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Dolla

Custom Blockchain for faster, cheaper & secure payments

Canada
Market: Crypto currency
Stage of the project: Operating business

Date of last change: 20.07.2020
Min investment
$  50.000
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Total required
$ 1.000.000
Rating
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Idea

Dolla is building a custom blockchain project for faster, cheaper and secure payments. We are designed specifically from the group up for use for buying goods and services and sending and receiving money both locally and internationally, While we build our custom blockchain we have launched as a token on the Stellar network so we can work on Partnerships and adoption. Below i have uploaded an outdated version of our business paper as we are working on the pitch deck and Business paper

Current Status

65% complete on Blockchain - have components complete and have running Blockchain but need to optimize and implement a Node network and Smart contracts.

Social networks:
Facebook Page: 1,105
Facebook Group: 4,163
Linkedin Page: 179
Linkedin Group: 3,268
Twitter: 2,176
Telegram Group: 11,920


We have business adoption with 100’s of business and 20 k plus registered consumers

Market

Customers are
1. Anyone wanting to send and receive Money locally or Globally,
2. Any one making a business transaction, making or taking a payment.


Problem or Opportunity

Traditional payment options and Cryptocurrencies are slow, expensive and are often not final.

Dolla will be implementing a payment solution for fast cheap payments that are secure and final.

Solution (product or service)

Dolla is developing a custom blockchain focused on Payments, sending receiving money both locally and internationally.

Dolla solves the problem of speed, cost, finality, security & privacy that greatly affects individuals and corporations that need to transfer money worldwide. We also solve the issue of accessibility as anyone with an internet connection can use our service.

Competitors

DASH https://www.dash.org/, a crypto focused on Merchant use

Visa,

Moneygram

Paypal

Advantages or differentiators

Dolla is being designed and built from the ground up to be a better, more affordable, faster hassle free way of sending and receiving Money locally and internationally.
Transaction confirmation in 4-5 seconds
Transaction fees 1 c and 5c for private transaction
Thruput Aim, 10,000 tps
(a) Great Tech Team with extensive experience in blockchain and in distributed systems and streaming.
(b) Experienced Marketing and Adoption team with past successes.
(c) Great Product: Dolla performance estimation: 10,000 tps plus 4-5 sec transaction confirmation and transactions are final , so great for Merchant use.
(d) A well thought out plan for adoption and the Dolla ecosystem.

Finance

Node operators will earn fees on Transactions carried out on the blockchain, fees are 1c per 2 party transaction and 5c for a private transaction

We will also be setting up a remittance platform for people who do not want to use the Blockchain itself for sending money and the fees for this are higher but cheaper than competitors, will work the cost out once we obtain licenses in different jurisdictions, as this will influence costs.

Business model

Node operators will be making a % of the fees earned by the network, Transactions on the blockchain will cost 1 c per 2 party transaction and 5c for a private transaction. The remittance platform will also charge additional fees on transactions conducted thru its web portal when customers choose to send money internationally or locally.

Money will be spent on

Engineering‌ ‌and‌ ‌R&D‌ ‌‌25%‌ ‌
Marketing‌ ‌and‌ ‌Business‌ ‌Development‌ ‌‌28%‌ ‌
Network‌ ‌Security‌ ‌‌12%‌ ‌
License‌ ‌and‌ ‌Capital‌ ‌Requirements‌ ‌‌11%‌ ‌
Merchant‌ ‌Services‌ ‌‌6%‌
Operational‌ ‌Expenses‌ ‌‌9%‌ ‌
Price‌ ‌Stabilty‌ ‌‌5%‌ ‌
Apps, Plugins, Gaming, integrations 4%

Offer for investor

Token Investment - minimum investment bonus rate of 40% on investment.
To be part of the project purchase a Node: Nodes Available - We are a decentralized Blockchain so earn fees and participate in Business decisions when foundation is active
Cost $1,200,000
Cost $320,000
Cost $215,000
Cost $98,000
Rewards are proportional to stake, everyone gets one vote

Team or Management

Mentors & Advisors

Risks

1. Poor coding implementation leading to blockchain crashing, loss of funds or hacks
2. A successful Hack against Dolla could result in loss of funds

Incubation/Acceleration programs accomplishment

have not participated in either yet

Won the competition and other awards

On Dec 13, 2018, Dolla participated in a startup pitch event in Silicon Valley. Overall there were around 40 startups competing for the opportunity to pitch their token, only 8 were given the chance and Dolla was voted number 1 to pitch. We also received the most votes on the night.

Invention/Patent

Our Custom Blockchain, have not filled patent yet, our code is closed source currently
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video