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DIW ICO Review: Protecting Your Virtual Life on The Blockchain

When it comes to talk about how many lives a human has, the discussion can quickly get philosophical and metaphysical.

The consensus is that we humans have one physical life, the span of which is determined by a variety of factors. But, as Agent Smith eloquently put it in The Matrix, we have another life; a virtual life lived in computers, where we go by different aliases and experience things in another dimension.

It’s this virtual life that takes center stage today, as a new ICO, DIW, will ensure that this virtual life is kept secure for you via the blockchain.

DIW: decentralized security for your virtual life

DIW’s value proposition includes the provision of secure storage for all items related to a human’s virtual life, including passports, professional contracts, health records, and much more. It offers a blockchain-based solution for protection against data breaches, scams, and fraud.

According to DIW, the platform is intended to be used as:

  • A Secure Digital Vault to store valuable and / or sensitive documentation or information
  • A Payment Gateway for both crypto & fiat currencies
  • A global directory for community members to list their services
  • Paid escrow to safeguard transactions
  • Vision / electronic health records

DIW relies on Know-Your-Customer (KYC) checks to validate accounts.

DIW in figures & quick facts

  • Token name – DIW
  • Total number of tokens issued – 1,000,000,000 DIW
  • Pre-ICO start date – March 6th 2018
  • Pre-ICO end date – March 20th 2018
  • ICO start date – March 27th 2018
  • ICO end date – April 10th 2018
  • Token worth – 1 ETH=8,000 DIW
  • Hard cap – $28m

Note that ETH will be the only currency accepted during the ICO.

All unsold tokens will be burned.

The DIW token

The company will issue its own currency, the DIW token (DIW), which will be based on Ethereum’s ERC-20 standard.

Once created, the DIW token will be distributed as follows:

  • ICO – 700,000,000
  • Future partners – 80,000,000 DIW
  • Bounty – 20,000,000 DIW
  • Advisors & Partners – 50,000,000 DIW
  • Founders – 150,000,000

The team

The DIW token presents a team of 12 people. Among these we can see cryptographers, software consultants, web designers, and other related disciplines.

All team members feature a link to their LinkedIn profile so their bios can be independently verified.

Learn more about the DIW team here.

Social media presence and digital footprint

Here are the numbers for DIW at the time of writing (early March 2018).

  • Twitter – 6,051 followers
  • Facebook – 4,357 followers
  • LinkedIn – 307 followers
  • Telegram – 26k followers
  • Instagram – 2015 followers
  • YouTube – 83 followers
  • Medium – 378 followers

This ICO has a significant presence on social media, particularly on their Telegram channel. This should enable quick and efficient spread of news updates, etc.

Competition

While there are a few ICOs offering various types of security services, DIW appears to be the first one to focus on protecting a human’s virtual life.

This means that DIW enjoys a privileged position which may enable it so become a mainstay in its field.

Additional information

DIW ICOBENCH review.

White paper

Consult the DIW white paper for more information about the platform, additional features and services, etc.

Conclusion

DIW’s value proposition is quite unique, and rather intriguing in its concept.

The issue of a second, virtual life carries ramifications and implications for people, and how humans interact with computers.

DIW stands quite alone in this particular aspect of cyber-security, so it may have carved itself a safe niche.

We’ll revisit DIW’s progress in due course.

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