Divi - a blockchain project that aims to accelerate the adoption of digital currencies with a primary focus on ease of use.
Contents:
What is Divi?
Divi aims to make using cryptocurrencies a simple, hassle-free task by helping to make digital assets more accessible to ordinary users. The developers say the platform can achieve this by removing the complex intricacies of blockchain technology. It provides users with a simple, intuitive user interface that is consistent across all Divi applications.
The combination of Divi's unique blockchain implementation and its intuitive smart wallet makes cryptocurrency transactions faster, cheaper and easier to use, with an added focus on reducing the risk of user errors.
Through a one-click custom masternode installer, known as MOCCI, users of the project can set up a masternode to help to protect the Divi ecosystem and participate in the transaction verification process and earn rewards in the process.
Since its launch in September 2018, the project has won a number of awards, including taking third place in the “Token Tank” competition at the World Crypto Con 2018 in Las Vegas, and was also recognized as the best masternode platform by Omni Analytics, behind Dash and PIVX.
Project benefits
Divi describes itself as a "new solution", designed to solve some of the "biggest and most lucrative problems in the crypto world". To that end, it has implemented several unique features that help to make it stand out from other projects.
Project features include:
| Divi smart wallet | A UX-oriented wallet that supports multiple cryptocurrencies, including DIVI, Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH). This is intended to eliminate most user errors, making it suitable for even inexperienced crypto usersй. |
| Simplification | The platform has made it easy for users to contribute to network security and earn rewards for doing so with a one-click masternode setup tool. Divi masternodes are available at multiple levels and have simple cost schedules. Top masternodes can generate 25.8% per annum. |
| Bid | Users can simply stake on their Divi to earn rewards that are paid out by the network. |
As of January 2021, a minimum of 10k coins is required to receive staking rewards. A portion of each block reward is also allocated to the lottery process, with the entire pot, distributed to one lucky winner, each week.
Divi claims to boast ten times the bandwidth of Bitcoin, but plans to expand it even more with its own version of Bitcoin's Lightning Network, using helper functions to move the cryptocurrency instantly.
Buying a DIVI token
The platform token was originally launched as an ERC-20 token, running on the Ethereum blockchain, but the platform moved to its own blockchain in September 2018. In this process, 1 ERC-20 DIVI was exchanged for 100 native DIVI tokens.
At the time of the genesis of the Divi proof-of-stake (POS) blockchain, there are 617,000 coins in circulation. This supply increases every year due to the number of new coins that are minted with each block. This was initially set to 1250 coins per block, but will be reduced by 100 coins per block until 2029, after which only 250 DIVI will be minted per block.
Of these block rewards, 45% is distributed to masternodes, 38% to DIVI stakers, 9% to Divi development and marketing treasury, 7% to exchange and liquidity treasury, and 1% to charity. The leading cryptocurrency exchanges for trading Divi shares are currently:
- KuCoin;
- Bitrue;
- BitGlobal;
- AscendEX (Bitmax);
- STEX.
As of January 2021, tokens can be traded against Bitcoin (BTC), Tether (USDT) and XRP. There are currently no direct DIWI trading pairs to fiat currencies.
Divi is built on a custom-designed proof-of-stake (POS) blockchain that uses a combination of masternodes and individual staking to secure the network. In addition to standard network security, Divi also takes steps to ensure the security of users and their funds at the individual wallet level. It achieves this by building multiple layers of security into its Smart Wallet product, including biometrics, multi-signature capabilities and a private key recovery service. Divi's code has also been reviewed by third party security experts to ensure there are no known vulnerabilities.