DNotes Global, Inc. has announced that its cryptocurrency under management, DNotes is now trading on the Mercatox digital currency exchange. DNotes, which received a major technological upgrade earlier this year, has been listed under the ticker symbol ‘NOTE’.
DNotes Global Chief Technology Officer, Theodore Hauenstein, expressed his company’s appreciation for the Mercatox team’s efficient listing process. “It has been a true pleasure to work with the folks at Mercatox,” Hauenstein said. “Their team has been professional and responsive at every step of the way. We look forward to a long and mutually beneficial relationship with their exchange.”
Mercatox markets itself as a universal market platform that combines the best features of automated trading, smart contract-based peer-to-peer sharing, payment services, and more. The company says that its goal is to “create a new financial market in the digital world” and currently offers trading for popular digital currencies like Bitcoin and Ethereum, as well as a large selection of altcoins.
DNotes 2.0 is the most current version of the DNotes digital currency which includes new technological features and expanded benefits for the currency’s stakeholders. According to DNotes Global CEO Alan Yong, the upgrade marks the beginning of his company’s accelerated push to achieve its broader goal of gaining global acceptance and adoption as a mainstream currency.
“Our mission has not changed,” Yong said. “DNotes was never designed to be a niche solution for a niche problem. From the beginning, we have been committed to creating a trusted digital currency that people around the world can rely on for greater financial inclusiveness and empowerment. Digital currency must be able to improve people’s lives. At DNotes Global, we are committed to ensuring that DNotes fulfills that promise.”
The upgraded DNotes includes new features and improvements to existing benefits. The most noticeable is the currency’s switch from proof-of-work to a proof-of-stake network consensus model. That change was prompted by the company’s desire to reduce the influence of digital currency miners and empower the currency’s stakeholders. The DNotes blockchain now also rewards savers with 0.5% interest per month for all balances that are not moved during that month’s CRISP period.
Yong believes that the new proof-of-stake and saving models will better reflect the company’s commitment to maximize DNotes’ benefits for those who hold and use the currency. As Yong noted, it is the currency’s stakeholder community that have the most concrete interest in DNotes achieving its adoption and utility goals.
Yong pointed to DNotes’ other newly-added features and benefits are just as critical to achieving these goals. For example, the company implemented a new blockchain invoicing system that will provide each DNotes transaction with its own unique identifier – to simply merchant use of the digital currency and help them reduce the need for third-party transaction-management options. The company taking charge of DNotes’ development, DNotes Global has other blockchain software in development, and is currently upgrading its supporting business applications that the currency operates on to simplify the digital currency user experience.
A company spokesperson has confirmed that DNotes Global is currently in talks with other cryptocurrency exchanges, to provide DNotes users with a growing array of trading options.
