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Dowcoin Mumbai Summit Introduces Exciting New Developments

03-16-2018 03:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Dowcoin

On March 8, cryptocurrency enterprise and platform Dowcoin held their long-awaited Mumbai Summit in Mumbai, India. The attending community members and developers, among them executive Saket Kulkarni, demonstrated the use of the new Dowcoin Exchange and announced a number of decisions and developments to facilitate further growth of the Dowcoin platform and community.

As Dowcoin now functions as a Decentralized Autonomous Organization or DAO, all of the following decisions were determined by community voting.

- No new Dowcoins will be sold until April 2019.
- 100% of Pre-ICO tokens will be converted into tradeable coins.

These decisions have been voted upon by the community with an outcome of:
Yes – 93%
No – 7%

- A new withdrawal limit of $100 per day will be applied to wallet transactions.

Vote shares:
Yes – 93%
No – 7%

The Dowcoin team was excited to announce upcoming major developments, among them the launch of Dowcoin’s own blockchain with the following features: An easy-to-use smart contract technology, a decentralized voting system and advanced banking capabilities. Most excitingly, Dowcoin’s blockchain will offer “ICO-as-a-service” to individuals and small enterprises who would like to launch their ICOs in a lean but reliable environment.

This custom blockchain is a major element of Dowcoin’s “Mission $300”, delineating the way for Dowcoin to reach an exchange rate of $300.

In order to achieve the ambitious goals outlined in the Summit, Dowcoin’s operations will be expanding significantly. New talents will be hired for the Development Team, the Management Team and the Marketing Team, and offices will be opened within 6 months in Hong Kong, Canada, Singapore, UK, USA and Russia.

Dowcoin and Dowcoin Exchange are projects of Dow Blockchain Technology FZC, Dubai. For more information about Dowcoin and Dowcoin Exchange, please visit https://www.dowcoin.io and https://exchange.dowcoin.io.

Dowcoin is a token that represents ownership of underlying assets that make up the market index. Dowcoin will only feature coins in this index that have been in the market and exchanges for the last six months, and also have been among the top 100 coins in the market cap for at least 90 consecutive days.

Satguru Business centre, Damac XL Tower,

15th Floor, Suite No. S06

Business Bay

Dubai, UAE

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