Q: What is blockchain?
A: A blockchain is a public ledger, shared across a network of computers. The ledger has a record of every transaction that has ever occurred on the blockchain and whenever a new one occurs in the world, it’s added to a pool of other new transactions. At an equal interval the pool is gathered up, converted into a block and added to the chain. Additions to the blockchain are impossible to fake but easy to verify.
Q: How do they work?
A: A blockchain is a digital record of information. This information could be anything from monetary transactions to passport details.
Traditionally, valuable information like this would be stored in one place, by a bank or government. For example, a bank keeps a list of every transaction that’s made with its customers’ money, so it can accurately keep track of how much money each customer has.
Instead of keeping this information in one place (like a bank), blockchain technology stores this information on thousands of computers. Each computer has a copy of the blockchain – a list of every transaction ever made in exact time and date order. Once a transaction is added to the blockchain it can’t be edited or deleted.
Instead of having to pay a third party like a bank or land registry to transfer assets from one person to another, the blockchain allows this to happen securely by sending a record of the transaction to every computer in the network.
If anyone tried to change a copy of the blockchain without permission, all the other computers in the network would know and the change could not be made.
Here’s an example:
Person A wants to send person B some money. The blockchain contains a record of how much money both Person A and Person B have. All the computers in the network check whether Person A has enough money to pay Person B. They do this by examining their copy of the blockchain (a record of all previous transactions). If they come to an agreement and confirm that Person A has sufficient funds, the transaction is recorded and given a timestamp.
If someone tried to pay for something without the required funds, the network would reject the transaction.
Q: How secure is blockchain?
A: In a traditional network where information is only stored in one place, fraud or hacking is simple. But when records are duplicated on thousands of computers at once, the network easily detects a change made on one computer. The changed record no longer matches the records held by the other machines and the fraud is detected.
To hack a blockchain you would need to simultaneously change the records on every computer in the network at exactly the same time. The computing power to perform a task of this scale renders it impossible.
Q: Is there more than one blockchain?
A: Yes, different blockchains hold records of different types of information.
Q: How does blockchain affect me?
A: In the future, the transfer of any secure digital information will be handled instantly without the need of a third party, saving huge fees and time.
Blockchain technology already powers hundreds of digital currencies like Bitcoin and DasCoin but it can be used to store any valuable information that needs protection from hacking or fraud.
Q: What are digital currencies?
A: Currencies like Bitcoin or DasCoin exist digitally only. They don’t have physical property, like pounds or dollars.
In the real world making a transaction with physical currency is easy. But online it’s harder to tell if someone really owns the asset they claim without a third party like a bank to verify if they are telling the truth.
This is why many digital currencies use blockchain technology to record and verify all records and transactions. Not having to rely on a bank makes transferring value faster and safer whilst removing large bank fees on international transactions.
You may sometimes hear digital currencies referred to as ‘cryptocurrencies’. Cryptography is a type of encryption used to add additional security to blockchain based currencies, which is why they are sometimes referred to as ‘cryptocurrencies’.
Q: What is Bitcoin?
A: Blockchain technology was invented to create a new type of digital money, Bitcoin. Bitcoin is currently the world’s largest cryptocurrency with tens of billions of dollars actively exchanged in Bitcoin globally.
While Bitcoin leads the way for digital currencies, it has limitations. Its transaction speeds have become slow as it has gained popularity, its anonymity means it is associated with the dark web, and it doesn’t comply with existing financial regulations.
Many other digital currencies now exist that have developed more advanced Blockchain technology, including DasCoin.
As more people begin to use digital currency, its value increases. Many early adopters of Bitcoin became millionaires from small deposits when the currency rocketed in value.
Q: What is DasCoin?
A: DasCoin is a new digital currency designed to become the mainstream digital currency of choice. It combines the best parts of digital currencies like Bitcoin with the best parts of traditional currencies like dollars and pounds to create the ultimate hybrid.
DasCoin is the world’s most secure digital currency, combining super-fast global transfers with ultimate peace of mind.
You can read the White Paper and learn more about DasCoin here.
DasCoin is based in Hong Kong.
Q: How can I purchase DasCoin?
A: DasCoin is part of the Das ecosystem – a network of blockchain products and services. Purchasing a NetLeaders license gives you access to the Das ecosystem.
When you purchase a NetLeaders license you’ll be allocated Cycles. Cycles represent network capacity and can be submitted to the Minting Queue to mint DasCoin or used to purchase other products and services in the Das ecosystem.
DasCoin will be available for purchase without a NetLeaders license on approved cryptocurrency exchanges in Q1 2018.
Q: How many DasCoin will be available in total?
A: 8.5 billion DasCoin will be minted in total. To be exact: 2³³ = 8,589,934,592
Q: Which blockchain does DasCoin use?
A: DasCoin uses its own blockchain developed in-house. The DasCoin blockchain is a closed permissioned blockchain. This allows transaction speeds of 6 seconds (confirmed) and absolute security.
The DasCoin blockchain was switched on March 31st 2017 in Zurich, Switzerland and has been running uninterrupted since.
Q: What is NetLeaders?
A: NetLeaders is a global community that has access to the Das ecosystem. Owning a NetLeaders license provides access to the Das ecosystem and its associated products and services. NetLeaders licenses are available in a range of sizes and can be purchased from NetLeaders. Larger licenses include a larger number of Cycles as well as other benefits. Cycles represent network capacity on the Das ecosystem. They can be submitted to the Minting Queue to mint DasCoin or used to purchase network services.
Members of the community are also rewarded via an incentivized marketing programme for contributing to and expanding the network.
NetLeaders is run by CL Singapore PTE ltd.
Q: What is the mission of NetLeaders?
A: To empower people into prosperity - by allowing its members to benefit from contributing to the network and helping it grow, rather than the network itself receiving the benefits of its users’ work.
Q: What is DasEcosystem?
A: The Das ecosystem is a new digital network that contains all the elements required to create, store and exchange value. The aim of the Das ecosystem is to spread prosperity by establishing and maintaining a balance of these elements. The Das ecosystem is made up of a number of companies and technologies working together to achieve this vision. They include:
NetLeaders – The community of empowerment rewarded for contributing to and expanding the Das ecosystem.
DasWallet – The ultimate digital wallet and Exchange platform, DasWallet is designed to be the most user friendly and secure digital wallet available. In Tokyo, DasWallet launched DasExchange – a blockchain-based exchange that allows users to trade DasCoin for Euros.
DasCoin – The store of value within the Das ecosystem, DasCoin is fast and secure.
Q: Is the Das ecosystem safe?
A: Everyone using the Das ecosystem is required to complete KYC verification. This ensures regulatory compliance, makes certain that the identities of all users are logged, and in this way deters any criminal activity.
All users who wish to withdraw DasCoin from the Das ecosystem or submit Cycles to the DasCoin Minting Queue must use the Validator hardware device. The Validator is a USB security device created by DasWallet that stores users’ private keys. Users are required to provide their private keys to access their funds. These keys are stored only on the Validator device and not even DasWallet has access to them, ensuring the safest possible experience for users.
Q: What will the Das ecosystem be used for in the future?
A: Companies, governments, and financial institutions will be able to use the Das ecosystem to power their businesses and services in the future. Individuals will be able to benefit from these services, ranging from land registry to entertainment and everything in between.
The Das ecosystem services will include: smart contracts, blockchain-as-a service, and data services.
Q: What is incentivized marketing?
A: We reward our community for expanding the network. The larger the number of participants in the the Das ecosystem, the more valuable it becomes. Our community empowers the network, and we believe that deserves reward.
Q: How can I be rewarded?
A: You are rewarded with commissions. Commissions are only paid when the people you have brought into the system purchase a NetLeaders license.
Q: Can I earn a commission without first purchasing a license?
A: Yes, you can.
Q: Can I resign from participation in the system?
A: Yes, you can, within a determined period of time. Following your resignation you will be eligible for a refund of the amount paid for the License after the deduction of an administration fee calculated in line with the provisions relevant for your jurisdiction. For more information please contact [email protected].
Q: Do I need a sponsor to purchase a NetLeaders License?
A: Yes you do. Our network grows when our community shares its knowledge and experience with others. Having a sponsor ensures you have direct contact with someone who can teach you about the DasEcosystem.
Q: Where do I put the name of my sponsor?
A: When you start the registration process, you will be asked to enter your sponsor’s username. If you came to our website using your sponsor’s link, the required field will be filled automatically. Please make sure your sponsor’s username is correct, because you CANNOT change it later.
Q: How can I change my sponsor?
A: You cannot change your sponsor after your account has been created.
Q: Where can I find my referral link?
A: You can find your referral link when you log into your account. Go to your dashboard, then click on ‘copy link’ in the referral link section.
Q: How to Create an Account?
A: Just follow this simple procedure:
Q: Can I have more than one account?
A: You can have an unlimited number of accounts. You will need to provide a different username for each of them, but you can use the same e-mail address. If you wish to purchase multiple licenses, each one will have to be registered to a different account.
Q: How can I change my password?
A: To change your password, you can follow these steps:
If you don’t know your old password, click on “Sign in” on our website (in the upper right corner), and click on the “Forgot your password?” link under the login form. Enter your username, and we will send you an e-mail with instructions for changing your password.
Q: How long will it take for account approval?
A: Immediately if you used a Gift Code as your payment method. If you chose Bitcoin as your payment method and have transferred the exact amount of funds received in the invoice, account approval will occur within 10 hours. For all other payment options, account approval can take up to 24 hours after your payment is received.
Q: Which payment method can I use when making an order?
A: You can use Bitcoin, NetLeaders Gift Codes, and a number of payment processors, including the Berkeley Digital Wallet, Payeer, 2pay4you and SolidTrustPay.
Q: Which payment method can I use for bonus payout?
A: You can use Bitcoin or the Berkeley Digital Wallet option for your payout request.
Q: Can I change my payment method?
A: If you want to change your payment method, you need to submit a ticket requesting this change. We will cancel your existing order, and then you can create a new one with the desired payment method.
Q: After I register, how much time do I have to make an order and complete the payment?
A: You can make an order and complete the payment whenever you want. However, the later you make an order and complete the payment, the higher the frequency you will probably get, and thus the lower the amount of DasCoins.
Q: Which payment method can I use for Pay In?
A: For Pay In, you can use Bitcoin, Litecoin and the Berkeley Digital Wallet payment option.
Q: What is the Bonus payout processing time?
A: Bitcoin payout requests will be processed within 24-72 hours from the moment the request was created. If you use the Berkeley Digital Wallet payout option, your payout will be completed within the same timeframe (24-72 hours), but only during workdays. On weekends, all requests from the Berkeley Digital Wallet option are on hold until Monday. Bitcoin payouts are processed 7 days a week.
Q: I have sent Bitcoins, but my license has not been activated. What do I do?
A: When processing Bitcoin transactions, we have to wait for 3 confirmations. If you are using online wallets or are not setting high enough transaction fees, your transaction may remain unconfirmed for hours. Other reasons for potential delays in license activation include using an incorrect Bitcoin address or attempting to transfer the wrong amount of Bitcoins. If your transaction has more than 3 confirmations and your license still has not been activated, please submit a ticket with your Bitcoin Transaction ID.
Q: Can I receive Bonus payouts in Bitcoins?
A: Of course, the Bitcoin option is available for your payout request.
Q: How to Create a Gift Code?
A: First of all, you need to have enough funds on your NetLeaders commissions balance to create a Gift Code. If you have enough funds on your account balance, you will be able to create a Gift Code for purchasing a License or Advocate status as well.
To create a gift code, please follow these steps
Q: Can I refund a Gift Code after it has been used?
A: Licenses created with a Gift Code are also refundable, but refunds will be processed in such a way that funds will be added to the account balance from which the Gift Code has been created.
In the refund procedure for Gift Codes, all rules will be applied according to our NetLeaders Refunds policy (Rules and regulations paragraph 2.10).
Q: How to Redeem a Gift Code?
A: You can redeem a Gift Code by following these steps:
Q: I received a Gift Code error. Why?
A: These are the 3 main reasons for Gift Code errors:
Q: How do I purchase a license with payment processors?
A: After choosing a payment processor, you will need to create an account on the payment processor’s website. Once you have successfully registered an account, you will be required to fund your account. After you have deposited funds into your payment processor account, you can proceed to use this payment method to purchase a license.
Q: What is AML?
A: AML stands for Anti-Money Laundering. It is a phrase that applies to the procedures, laws and regulations designed to stop the practice of generating income through illegal actions.
Q: What is our KYC procedure?
A: At NetLeaders, we verify your identity using bank standard "Know Your Customer" protocols that help safeguard DasCoin's position as the Currency of Trust.
Q: How long does it take to complete the KYC process?
A: This depends on your country of residence, but the process typically takes around 10 minutes. In certain cases, however, it can take up to 48h. During the process, you may be required to upload additional documents to verify your identity. If additional documents are required, we will contact you via email with instructions. We will also provide status updates during the process if needed.
Q: What type of documents do I need to provide?
A: You can upload government-issued documents such as personal ID cards, driver’s licenses and passports. As proof of address, you can upload government-issued documents on which your residential address is visible or a credit card/bank statement less than three months old.
Q: What are the supported file types and file sizes to upload?
A: You can upload .pdf .jpg .png, and .bmp up to 2MB.