This review for DACH has been updated after new developments between October 20th and October 25th 2018. Updates: company registration, product video, rating upgraded from 4 to 5 stars.
DACHcoin got its name from the abbreviation used for the three German speaking countries: Germany, Austria and Switzerland. This coin goes hand-in-hand with the DACHex Crypto Tracker that’s being build by the developers. This tracker follows over 1600 currencies, allows you to make a portfolio, you can follow ICO projects and instantly buy and sell using integrated versions of Shapeshift or Changelly.
The project uses masternodes to build a decentralized network. The DACHcoin is mainly used by companies to guarantee that they are mentioned on the DACHex website, and consumers who want to use their premium membership. Premium members get access to new coin announcements, dashboard integration, banner ads and so on. Both paid listings and premium memberships can be acquired with BTC and with DACH, as that’s how they present things in their whitepaper.
This leaves the question, why do you need DACHcoin? To be honest, I am not sure. You don’t need it for their premium membership, you don’t need it to get listed, and the DACH masternode network is not needed to run the DACHex website. DACH is planning to offer masternode services as well, but we’ve got no idea what their exact plans are. Below a demonstration video of their product, so far.
However, DACH is also building an decentralized exchange. Obviously that’s where the masternode business comes into play. DACH and BTC will be the two main pairs to be active on the exchange. There’s no mention of the exchange on their official website, while this should be their flag ship. They are communicating a lot on Discord though. The DACHex platform should launch in December, but we’re not sure whether this also means the exchange will be functional.
DACH has registered itself in the Chamber of Commerce in Cardiff as DACHCOIN LIMITED. It’s registered under code 11633574. The company is owned as a private limited company by Dietmar Rolf Pruemmer, a 50 year old German native. Registration of DACH as a company adds a lot of confidence to the project.
Facts & Numbers
481 masternodes – There are currently less than five hundred masternodes building the network. That means that approximately 66% of the available DACH is locked.
End of the line -The reward schedule only goes till block 250.000. That stage wil; be reached within six months (April 2019). From that point forward the reward is reduced to 20 DACH, equally split between MN and PoS.
- Launched July 2018
- 60 second block time
- 1 million DACH premine
- Circulation: 3.4 million DACH
- 38 million DACH max supply
- MN collateral: 5000 DACH
- December alpha product launch
- Roadmap till January, new plans revealed then
Reward & collateral table
Block number = reward
0-25.000 – 1 DACH (90% MN / 10% PoS)
40.400 – 35 DACH (90% MN / 10% PoS)
66.200 – 50 DACH (90% MN / 10% PoS)
98.900 – 60 DACH (90% MN / 10% PoS)
136.800 – 70 DACH (90% MN / 10% PoS)
156.800 – 40 DACH (90% MN / 10% PoS)
250.000 – 30 DACH (90% MN / 10% PoS)
250.000+ – 20 DACH (50% MN / 50% PoS)
- A combination of a decentralized exchange with all kinds of information available to stay up-to-date about your favorite coins, sounds like a nice plan. Masternodes services are also in their plans.
- DACH has a strong community behind it and a very vocal Discord chat. The developers are also active on Discord and are easy to reach.
- Working product promised for December this year.
- They are verified by the KYD team.
- DACHCOIN LIMITED is a registered company, name of the owner is public record.
- Still very little information available about the DEX, but they are working on that. The combination of DEX with their DACH platform should be crucial for long term success.
DACHcoin is a project I want to believe in: it’s a masternode project with a crypto and ICO tracker, some portfolio management, integrated essential news and of course a decentralized exchange to get that business rolling. They did KYD verification, are a registered company and have the owners name out in public. The DACH platform is coming along fine and soon investors will probably see more from the upcoming decentralized exchange.