Dig Volume 28

May 15, 2022

Welcome back, $DIG delegators 🔨 Today’s short update reviews the chain’s newly published whitepaper, basic $DIG tokenomics, and the chain’s recent application for the OCC Virtual Innovation Office Hours.

The updated version of Dig Chain’s whitepaper has arrived, and its overview of the current real estate market sets the tone for the network’s mass potential on global, national, and localized levels. Residential real estate value has steadily increased per year, with total value surpassing $258.5 trillion.

The paper acknowledges legal barriers and varying jurisdictions that have added inherent challenges to fascillitating real estate transactions on a blockchain. To relieve this issue, the team plans to develop custom-designed, sovereign blockchains for each jurisdiction in which it operates. It addresses the chain’s beneficial utility to the current real estate climate, along with other topics such as:

  • How Dig Chain Operates
  • Remuneration Fees, Structure, & Tokenomics
  • Overview of Anticipated Risks & Mitigation
  • Dededicated Project Resources

and more ⬇️

$DIG Key Funding Allocations:

  • $50,442,881 for Liquidity Bootstrapping
  • 120,000,000 as Reserve for Partners & LPs
  • $250,343,554 for DFY 1.5x Airdrop

Check out the Chain’s token graphic below for more on $DIG 🔽

In order to introduce Dig’s project to the US regulatory body, the chain has applied for the Office of the Comptroller of the Currency (OCC) virtual innovation office hours to be held on June 14th to June 15th, 2022.

OCC’s office hours provides the opportunity for up-and-coming FinTech projects to have a one-on-one discussion with an OCC representative about introducing responsible, cutting-edge tech into the US market.

Although the application does not guarantee a meeting with the OCC or Department of Treasury, it marks a step in the right direction towards expanding global awareness and introducing Dig Chain to official regulatory bodies.

Read the network’s official announcement of their application on their blog:

That concludes today’s $DIG update. Stay tuned for updates on Dig Chain’s OCC application 🔻

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