Divi Version 0: Official Launch Information

After seven months of meticulous development, we are proud to announce that Divi’s suite of software products will be released on June 25th, 2018. Upon launch, we will introduce:

  • The world’s first 5-tier masternode system, with one-click installation
  • Divi’s user-friendly Smart Wallet, available for iOS and Android
  • Divi’s desktop client, downloadable on Linux, Mac, and Windows

Alongside these technologies, we are publishing an updated whitepaper, wiki, and website. At Divi, it is our priority to keep our current and prospective community members informed on everything we’re doing to continually increase the ecosystem’s accessibility.

While the whitepaper and wiki will serve as evergreen resources detailing Divi’s technology, DiviProject.org will be updated regularly to include marketplace progress, relevant educational tools, development news, and more.

Here is what you need to know about Divi’s launch.

Masternodes & Staking

Users will be able to start staking and running all five tiers of masternodes on day zero - June 25th, 2018.

A simple installation process will be available to those who choose to use it. This process will deploy your masternode either locally or in the cloud and will be entirely hands-off. If you are tech-savvy enough to order something from Amazon, you are tech-savvy enough to set up a masternode with Divi’s software.

Those who would prefer to configure their masternodes by themselves will also have that option and documentation will be provided. We welcome feedback from any users who choose to do so, so that we can continue improving Divi’s masternode usability.

Because we've configured our masternodes to run on a Dynamic IP, there will be no need to reconfigure your network settings locally.

Smart Wallet

Divi’s Smart Wallet will allow you to easily transact with digital money from your mobile device.

Supported currencies:

  1. DIVI
  2. Bitcoin
  3. Bitcoin Cash

Additional currencies will continue to be integrated; details of which will be announced on Divi’s blog as development progresses.

Redemption Process

The redemption process will open on June 25th. All coins sent in for redemption will be burned. Redeemed tokens will be distributed at a ratio of 1:100 (DIVX to DIVI respectively).

How it will work:
You will need a MetaMask account and address for this process. If you are not familiar with MetaMask, download the chrome extension here

  1. Generate a new DIVI address on the official blockchain
  2. Go to our redemption web page
  3. Complete a KYC process
  4. After KYC you will be redirected to a page with a unique link. This link should be saved as it can be reused should you need to go through the process again.
  5. Enter your DIVI address
  6. Press redeem
  7. Confirm the transaction with MetaMask

Once you complete these steps your DIVI will be sent to you automatically. The whole process will take roughly 20-30 minutes (potentially longer if the network is particularly overloaded at the time of your redemption).

There's no deadline for this process, so you don't need to rush to try to convert or sell your DIVX now. 1 DIVX will always be 100 DIVI. Bleutrade has confirmed that they will continue to list DIVX for at least 3 months after mainnet, so you don't have to worry that your DIVX will become valueless. (We don't know about Cryptopia yet because they don't communicate with anyone.) After that, you should always be able to find someone to do an OTC sale for perhaps slightly less than market rate, because they can pass the KYC and make a percent or two easily.

Did you say KYC?

Yes, KYC/AML (Know Your Customer and Anti Money Laundering) is required to redeem your tokens. We understand that this may come as a disappointing reality to some of our community but we are, and always have been, committed to being a legally compliant, future-proof ecosystem. Divi’s world-class legal council has deemed KYC a necessity in order to remain globally-compliant and keep Divi accessible to people everywhere, despite regulatory borders.

Because the United States has prohibited its citizens from participating in ICOs, U.S. IP addresses will be blocked from accessing the redemption page. Furthermore, because a document with your address will be required, U.S. citizens (and non-citizen U.S. residents) will also be unable to meet the KYC standards unless there is proof of dual residency.

Unfortunately these are the standards that are required in the cryptocurrency world pertaining to token sales. Without this, we will never be able to operate in the U.S., get listed on any top 10 exchanges, or achieve our goal of becoming a worldwide digital currency.

FAQs about this process are below.

Release date

We look forward to introducing Divi’s suite of services and products to the global cryptocurrency market on June 25th. Divi’s desktop client will be available for download at DiviProject.org and the mobile Smart Wallet will be free for download as well.

Thank you for your continued support of the Divi Project. If you have any questions regarding Divi’s main net launch, please feel free to reach out to us via [email protected].

FAQ

For answers to frequently asked questions check this post.