Alan Yong is the CEO of DNotes, a blockchain-powered digital currency and peer-to-peer payment system that empowers users to send money quickly and efficiently, with the vision of building a trusted digital currency that is superior to fiat currency, conveniently available to everyone. Alan, will be discussing the DNotes vision, services and opportunities in this interview.
1) Please tell us your name and about yourself?
Thank you. My name is Alan Yong, and I’m the co-founder and CEO of DNotes Global, Inc., the company behind the DNotes digital currency and its innovative ecosystem of for-profit enterprises, consumer and business solutions, and educational efforts designed to promote and accelerate mass adoption of digital currency technology.
I’ve also been a serial entrepreneur for many decades and have been honored to be on the forefront of several of the most important technological revolutions in the last thirty years. My company, Dauphin Technology, was among the earliest innovators in laptop computing, and was an early competitor to Apple’s mobile technology. Now, I am pleased to be involved in the digital currency revolution that is poised to transform the world, creating new jobs, new wealth, and new opportunities for people everywhere.
2) What is DNotes?
DNotes is a blockchain-based digital currency and peer-to-peer payment system. It is designed to empower people around the world to transfer money to one another without going through an intermediary middleman – quicker, faster, and more securely. In the age of the Internet, everything that can be digitized will be digitized. DNotes is the future of money for this digital age.
3) What problem is DNotes solving?
Most digital currencies are designed to resolve niche problems or are simply tokens created as part of a broader funding scheme for projects that may or may not materialize in the future. DNotes is different. From the beginning, we have positioned DNotes to accomplish what no other digital currency has yet achieved: mass adoption as a trusted supplemental currency.
To do that, DNotes has a strategy to overcome the challenges currently preventing mass adoption. We are focused on ensuring that the DNotes digital currency meets the full functions of money – as a store of value, unit of account, and medium of exchange. By doing this, and creating the digital ecosystem required to bridge the divide between the traditional centralized monetary system and the new systems required for a modern, decentralized, digital age, we will accelerate awareness, acceptance, and adoption of digital currency around the world.
4) What are the major features and services provided by DNotes?
As noted, DNotes is a peer-to-peer payment system and a digital currency. More than that, though, it is a technologically feature-rich currency designed to simplify and enrich people’s lives. And it is supported by a powerful and growing ecosystem that promotes and protects the currency and its stakeholders.
With the recent introduction of DNotes 2.0, the DNotes digital currency is more feature-rich than ever before. That upgrade included a switch to Proof-of-Stake network consensus, a change that moved influence away from miners and put it in the hands of those who own and use the DNotes currency. That empowers those stakeholders, eliminates many governance concerns, and promotes the long-term interests of the coin and network.
DNotes also upgraded its innovative CRISP savings programs, providing automatic interest for funds held during the designated interest-earning periods. Coins can also be staked on the network, providing DNotes holders with even more benefits as their staked coins earn rewards as well.
The DNotesVault continues to be the industry’s standard-bearer for efficient, secure, and easy-to-use digital currency storage and management. Coins maintained at the Vault are held in offline cold storage for added protection and backed by a Guarantee Fund.
In recent weeks, we have also launched the DNotes Pay online merchant script tool, which makes it easier than ever for merchants to accept payments online without the added costs involved with third-party solutions. Soon, we will be releasing a DNotes Pay plugin for WordPress that will ensure that WP users have the full payment and content delivery services they need for their website pages.
5) What is the market size of cryptocurrency payments and the future of the crypto market?
The cryptocurrency market currently includes more than 1,600 coins and digital tokens, with an estimated value of roughly $300 billion. Because this is a young industry, those numbers have been in constant flux, as prices rise or fall based on a wide variety of factors – including speculative activities. We saw much the same thing with tech companies during the dotcom era, until that industry found its footing and the companies with real-world value and potential emerged from the crowd. Companies like Amazon, for instance.
The future of the crypto market is likely to follow a similar pattern. Many of today’s cryptocurrency projects are like those now-forgotten internet firms from the late 90s – companies that entered the market at a time when anyone could add “dotcom” to their company name and draw in millions of dollars of investment capital. When the internet bubble burst, those companies disappeared overnight.
Many of today’s digital currencies and tokens represent projects with no real plan for viability. Eventually, it is likely that most of them will fade away just as those internet firms disappeared. The coins that remain will be those that offer real value to the world. Projects that provide real utility, and real benefits to people. Amazon was that type of company in the aftermath of the dotcom era. DNotes intends to be that type of project as the digital currency industry matures.
6) Tell us more about your cryptocurrency and its goals:
As I noted earlier, DNotes is a blockchain-based digital currency that was designed to be the world’s first truly inclusive, trusted supplemental currency accessible to everyone, anywhere in the world. It’s also a digital currency with a purpose that goes beyond being a speculative asset for traders. To be a true supplemental currency, DNotes must be a store of value, unit of account, and medium of exchange. Unlike most digital currencies, DNotes has a real strategy to fulfill those essential functions of money and achieve mass adoption.
We have focused on developing a comprehensive, integrated ecosystem that will serve as a bridge between digital currency and today’s centralized financial and commercial markets. At the same time, we have worked to ensure that DNotes will ultimately be as easy-to-use and reliable as today’s fiat currencies. That’s one of the reasons why DNotes Global exists. As a for-profit enterprise that shares a unique cross-ownership model with the DNotes currency, DNotes Global is there to promote mass adoption, protect the currency, and provide real-world value that will simplify the valuation process for investors and stakeholders alike.
DNotes’ infrastructure – that ecosystem I referenced – will include a host of services and offerings to ensure that DNotes can be saved, spent, stored, converted, and transferred between any two parties with the same ease with which people handle fiat currencies today – and in many instances, at a lower cost. As mass adoption occurs in the years to come, DNotes will be a reliable, stable, and useful supplemental currency option that helps people around the world enjoy greater financial inclusion and self-empowerment.
7) Do you have any opportunities for investors?
DNotes Global recently launched its first funding round, which utilizes Reg. D 506(c) to raise $5 million from accredited investors. We have done this through the appropriate regulatory channels, with an offering statement filed with the SEC.
Accredited investors can view our Private Placement Memorandum (PPM) and complete the investor verification process on the DNotes Global investor web portal at: https://investors.dnotesglobal.com
This is the first of three planned funding rounds that we are conducting to raise the capital needed to finance our mass adoption efforts. We are already at work preparing for the second round, which will raise up to $50 million through Reg. A+ Mini-IPO Tier 2. Our plan is to use a traditional IPO for the third funding round when that time comes.
Obviously, we have chosen to approach investor funding in a different way than other digital currencies. Many of those projects have relied on controversial initial coin offerings – the ICOs that have drawn so much negative attention from the media and regulators. We opted to work with regulators to ensure that our funding efforts are transparent, legally compliant, and able to withstand regulatory scrutiny.
8) Could you tell us about your team and customer support?
The DNotes and DNotes Global team include experienced entrepreneurs, technology specialists, communications experts, educational specialists, and others who all share the DNotes vision of a better, more financially inclusive world that empowers people to achieve their full potential. All of us are committed to making that vision a reality, creating new opportunities for real people to improve their lives and enjoy the benefits of our modern digital economy.
We are also fortunate to enjoy one of the best and most supportive communities in the industry. Volunteer team members contribute to key components of the DNotes ecosystem as well, with DNotesEDU – an invaluable resource for education about digital currency – and CryptoMoms – a group dedicated to ensuring that women are included in the digital currency revolution.
Customer support is always mission one, of course. Our team provides active responses to questions and concerns from stakeholders, at DNotes Vault, at the DNotes forum, and across social media. As we grow and expand our services in the months and years to come, we will continue to prioritize and improve customer support to meet existing and new challenges.
9) What exchanges is DNotes listed on?
Anyone who wants to be a part of the DNotes revolution can find DNotes at digital currency exchanges like Stocks.Exchange, BiteBTC, Listex, Mercatox, and NLX. We are also in active discussions to get listed on many other popular crypto exchanges.
10) Do you have more information for our readers?
Now that we have entered the Digital Age, we are discovering that anything that can be digitized will be digitized. Our goal is to ensure that DNotes becomes the trusted, secure, and inclusive currency for that digital era – one that empowers people by providing new access to the modern financial system for the untold millions who have previously been denied the benefits of the information age.
Many leading experts predict that the digital currency industry will be a multi-trillion-dollar opportunity for the world in the coming decades. Our mission is to ensure that no one is left behind as this technology creates new jobs, wealth, and individual financial empowerment for everyone who participates in the digital currency revolution. I invite everyone who believes in that more inclusive and prosperous future to join us as DNotes continues to work to make that vision a reality.
Visit the Dnotes website for more information: https://dnotescoin.com/