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 Below i have uploaded an outdated version of our business paper as we are working on the pitch deck and Business paper
65% complete on Blockchain - have components complete and have running Blockchain but need to optimize and implement a Node network and Smart contracts.
We have business adoption with 100’s of business and 20 k plus registered consumers
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.
DASH https://www.dash.org/, a crypto focused on Merchant use
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.
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.
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.
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
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.
Our Custom Blockchain, have not filled patent yet, our code is closed source currently