January 20, 2018
Dear friends,
I want to thank you for your patience and support during this stage of development. We believe that 2018 will be the year of law and compliance for cryptocurrencies. For us to become a market leader in this space we must fully comply and operate within the law. The logistical burdens of creating a compliant company has slowed the process of development and, with the advice of our attorneys, have been the reason for many delays. To stay on top of this ever changing landscape, we’ve retained a business, securities and patent attorney to help us stay compliant and to protect key intellectual property now and in the future.
Having that said, I am happy to announce that today, January 20, 2018 at 3pm EST (8pm GMT), KYC will be fully functional and open to use on the Duality platform. Please log in to your account, submit the relevant information and, once verified, you will be able to remove your Dynamic (DYN) tokens. Bitcoin (BTC) and Dynamic Account Wallet (1.4) will also be available to withdrawal.
Dynamic Account Wallet (1.5) is still being audited. Thousands of invalid tokens were deposited and we must go through each transaction to make sure the reward is valid. As we verify transactions, we will send the exchanged Dynamic (1.5) in batches to the respective owner. This process may take a couple weeks as many people have deposited and continue to deposit invalid tokens.
Platform and KYC Update
KYC Opens Saturday January 20, 2018 at 3pm EST (8pm GMT) Dynamic Account Wallet (1.5) will not be immediately available for withdrawal Users must complete at least basic requirements to withdraw any tokens
Stage 1 (Basic) Requirements: Name, Address, Gender, DOB
Stage 2 (Enhanced) Requirements: Document ID (passports, license, other forms of ID pertaining to the country you live in)
Stage 1 (Basic) Withdrawal Limit: $3,000 USD per day
Stage 2 (Enhanced) Withdrawal Limit: 100 BTC per day
Dynode Reward Update
Dynode rewards will fully enable within 24 hours of this announcement. The Dynode reward will be 1.618 DYN per block. We will announce the change as soon as it happens.
Business Operations Update
The Duality binary blockchain and its associated protocols allow for uniquely identifying people and things in various contexts. Duality has several exciting opportunities with key leaders in the healthcare, telecommunication, and digital content management industries.
Healthcare: Partnering with HarmonIQ Health Systems, Duality has developed a fully working prototype (NoID) that solves the patient identification problem in the healthcare industry. The NoID protocol privately, accurately, and safely confirms a patient’s identity nearly 100 percent of the time. Our patient identification solution will help save lives while also saving the healthcare industry billions of dollars in administrative costs.
Telecommunications: Duality has entered into an early stage partnership with a U.S. leader in local exchange carrier phone clearing, billing, and settlement services. This company has relationships with over 1,000 telecommunication providers to bill businesses’ toll, enhanced services, and operator assisted call charges. Our blockchain solution aims to settle telecommunication tolls in real time rather than cumbersome batches that are processed less frequently.
Digital Content Management: Duality has signed a memorandum of understanding (“MOU”) with a U.K. based company that distributes digital content. The MOU outlines joint venture terms that would merge Duality’s blockchain technology with their digital content management expertise. The blockchain solution aims to accurately identify image ownership and settle appropriate royalties.
Strategic Investment Update
We’ve had numerous meetings with an investment group out of Sydney, Australia who offers VC, PEG and private placement debt. They are very interested in Duality and our Blockchain as a Service (BaaS) solutions. This partnership will mature slowly over time and I expect by the end of this year we will have the capital and connections to make exciting leaps forward.
Think inside the Block
Blockchain is a technological innovation that will revolutionize how society trades and interacts. Duality Blockchain Solutions is poised to become a leader in the field of Blockchain as a Service (BaaS) and secure an industry specific competitive advantage for many years to come. We’re honored to be in the position we’re in, to be a part of crypto, to spread the creativity, and hopefully change the world.
Sincerely,
Clayton G. Saliba
Chief Executive Officer
Duality Blockchain Solutions, LLC
This article in PDF form: https://goo.gl/oTcddr
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