Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,165 trillion. Bitcoin is up by over 2% after a rollercoaster of a week. Ethereum decreased by almost 1% over the past seven days. XRP gained more than 15% in value this week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector decreased the total value of protocols…
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DIVI Coin – Interview With the Co-founder and CIO Nick Saponaro
In our constant quest to provide you with the best crypto projects available, we present another opportunity to learn about the Divi Project, as described by its Co-Founder and CIO, Nick Saponaro. Check out our interview below!
What led to the creation of The Divi Project?
We noticed a market opportunity with masternodes. Since all the masternode assets combined make up less than 1% of the overall cryptocurrency market cap, there is massive growth potential. But there was a problem with masternode coins; they needed better tokenomics, shoddy UX, and a lack of utility. So we set out to solve these issues for Divi and many cryptocurrencies, with Divi setting the standard along the way.
Can you share a bit about your experience and background?
I’ve always been into technology. From a young age, I loved tinkering with gadgets and figuring out new ways to use a computer. Eventually, I learned to write code and build simple websites. While pursuing a career as a professional DJ/Producer, I started a couple of small side businesses that all failed for one reason or another, always with a valuable lesson attached. Despite those lessons learned and the struggles I faced working as an independent artist, I could still use my web development skills to help make ends meet. So, after five years of balancing web work with playing and making music, I pursued a full technology career. I got officially certified in web programming from UCSD, and at the same time, I was freelancing for the Divi Project. As it would turn out, Divi would take my career much further than I had imagined when I signed on to create a quick WordPress landing page for them before they even wrote a whitepaper.
How and when did you get introduced to the crypto world?
I was first introduced to cryptocurrency in 2010 when a friend called me to tell me about this radical new digital form of money called “Bitcoin.” He told me that it had gone up in value by some astronomical number, to which I told him I had no money to invest even if I understood the investment. Several years later, that same friend introduced me to a project called Ethereum. He told me he had already made a massive profit but thought it could increase in value even more. This time, I had a little more money, so I threw what I could into ETH at around $1. It skyrocketed to $20 over the next few months, then plummeted to $8 after the DAO hack. The rollercoaster ride was intoxicating – I was devastated by the loss but couldn’t entirely give up on the technology for some reason. As I researched more, I realized the full scope of what was possible with Ethereum, blockchain, and cryptocurrency and dove deeper down the rabbit hole.
What is the biggest USP of The Divi Project?
Divi is laser-focused on solving the issues of usability and accessibility as they pertain to cryptocurrency. We take a design-first approach to development and build one-click/no-click solutions to common problems within crypto. For example, our one-click masternode solution empowers users to begin earning cryptocurrency, even if they are non-technical or unfamiliar with the technology. In the future, we will bring our ‘ease-of-use’ feature set to as many cryptocurrencies as possible, enabling interoperability between chains while creating an experience that feels as familiar as PayPal or Venmo from a user perspective.
What are the biggest challenges you foresee for the Divi Project’s success?
We’ve faced several seemingly insurmountable challenges already, and I’m sure many more lie ahead. The biggest obstacle we currently need is getting enough awareness about the solutions we’re building and the ecosystem we propose implementing. But lately, things have been picking up more steam, and we’ve been earning more crypto-related coverage than ever before – you (Crypto Adventure) included – and we couldn’t be more appreciative of the reception we’re getting from the community.
What are your plans?
That’s a loaded question, but I’ll keep it as short and straightforward as possible. We are securing as many strategic partnerships as possible to create our envisioned ecosystem. Every cryptocurrency will need the solutions we’re building at some point. We will save them massive amounts of development resources by offering the standard user experience out of the box. One feature that I’m especially excited about is our implementation of Namecoin, which will enable us to store any arbitrary data securely on-chain, using the Masternodes as a distribution channel. This means we can offer a single sign-on solution that is secure, encrypted, and distributed for users and developers. Think “Sign on with Facebook,” but for crypto and without all the privacy concerns.
What is your view about the impact of your blockchain solution in the future?
It’s hard to say, as it depends on how and where the impact you’re talking about will be actualized. We’ve already made an impact in some ways. I see more tiered masternodes and “one-click” solutions being attempted all the time. We’ve participated in numerous charitable activities; teaching kids to code, donating computers to an orphanage in Acapulco, assisting with the tragedy in Venezuela, providing food to villages in the Philippines, and now we’re working on initiatives in Africa currently that could have an even more significant social impact. I hope to positively impact people’s lives by providing a more usable crypto application or distributing wealth more responsibly across the globe.
What services do you wish to integrate into your portal?
Some of the upcoming features include an easy on-ramp that will be featured on the website and in the wallet, so users can easily buy and sell Divi without the need for an exchange, a mobile wallet with one-click masternode deployments, decentralized authentication, Bitcoin, and Divi support… and a ton more stuff that you can find on our roadmap.
How will you monetize contributions from your members?
We currently have a couple of standard revenue streams, with many more to come as new features arrive.
Who are your major competitors?
As more interoperability software comes out, all cryptos will become agnostic over the next 5-10 years. I see a world where a merchant who only accepts BTC can receive Dash from a consumer that is instantly atomic swapped for BTC, with both parties none the wiser. Because we focus on building solutions supporting this theory, our competitors will become our best partners.
What value of the token can we expect a year down the line?
I can’t comment on future token prices.
About DIVI Coin
Btc
Bitcoin
$28.055
price
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0.96356%
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ProofofStake blockchain project making cryptocurrency easy to use. The Divi Masternode software takes the stress out of earning cryptocurrency. Divi’s one-click setup process is as simple as setting up an account online and lets your computer work for you. It’s time your computer became your side hustle.
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