BeInCrypto recently held an AMA session with DeGeThal in our public Telegram channel.
We chatted to the Alin Lucas, the CEO of DeGeThal about the project, decentralized finance, and making the crypto industry a far more accessible space for the greater public.
(This AMA has been edited for clarity.)
BeInCrypto (BIC): Hi Everyone! Welcome to another BeInCrypto AMA Session! Today we have Alin Luca who’s the CEO of DeGeThal. Here is how things will work. I have 10 questions for him. After that, he will pick up 5 out of all the questions the community asked before the session.
BIC: I would like to ask you something general to kick things off, so please provide some personal background as well as some references you guys looked at before creating DeGeThal.
AL: Greetings, my name is Alin Luca and I’m the owner of DeGeThal project. I’m a businessman, I did other businesses as well like shipbuilding, IT app development, and worked at a diamond store.
I am passionate about traveling, photography, and race cars. I own a Porsche 911 GT3 CUP, I like solving problems, and this is how we got to DeGeThal — we solve some problems in the market.
BIC: How do you currently see DeFi and what’s the importance of this technology in your opinion?
AL: DeFi is one of the greatest things that came up in this area. This new tech gives more trust to the people, gives them the power it should, in my opinion — like this how all finance should be — power to the people, control over your life, and finance
BIC: Your vision is to create a DeFi product that will allow using cryptocurrency for daily needs, to provide the opportunity to make everyday payments by combining cryptocurrencies and fiat. How do you plan to be different than other projects with similar purposes?
AL: First of all, we want to make everything simple. At this point, it is not always easy to get into the crypto world or to manage your assets very well.
There are not that many users as should be in crypto — out of seven billion people only 100 million are involved with the crypto industry.
Our purpose is to make everything easier and accessible to everyone by building a whole ecosystem where everyone can open a bank account in three clicks, or trade crypto(buy or sell), where everyone can have their money right into the bank account from crypto with no fear of having it frozen.
We develop an application where users can pay by card in euros, U.S. dollars, crypto, or any other currency worldwide all with one card.
Then, we offer good APY with 25%, we give premium accounts for pre-sale users and live support, among other features.
After the exchange is launched, we will launch lending and many more functionalities to the platform. The whole project means continuous development, so each year we will come with new products and solutions for users
BIC: What do you have to say about your payment gateway in terms of interesting resources/features?
AL: In the payment app you can easily open a new bank account, add your other bank accounts, other bank cards too.
There are also drag-drop settings of the accounts, just change the order of the accounts in seconds, so if you want to pay by card and you don’t have enough money onto the first account, the next one will be debited.
It also includes meal cards that are been given by employers (there is a daily limit, so when trying to pay in a shop, you always need to pay with two cards, by using our app you only need our card).
With the same card, you can even pay your taxes or shop in crypto.
We are going to have our own e-banking license, so we can further develop the business also as a payment provider for other projects as well.
BIC: It’s time to introduce your native token to our community! What do you have to say about DTM in terms of tokenomics and how does it fit within your ecosystem?
AL: DTM token is the native token of the DeGeThal ecosystem that will be swapped for the new DTM coin after launching the MainNet.
The network fees are being paid by our token, users who have it will have lower transfer fees, lower exchange fees, pay for Smart Contracts they make — it’s the whole world of the ecosystem of DeGeThal.
Because we are building a delegated Proof of Stake blockchain, serious investors can own their own nodes and staking agencies. It’s limited to 100 million tokens, only 50% for sale, the rest is for marketing and development 30%, 10% for rewards, and 10% for the team – vested for 10 years.
BIC: think there are members who are willing to purchase some tokens in the current presale. Is this the second one, right? Also, what is the process to purchase DTM tokens right now? Please share it with us.
AL: Yes, we are now in presale 2, the last one.
Users can go to the presale here and buy using MetaMask or Trust Wallet and pay with BNB. We have live support on the site, we have also audio support on the site, we also have support on our Telegram Chat.
It’s very easy to buy DTM. You just connect your wallet with the smart contract, select the amount of BNB you want to spend, and press Buy, that’s it.
BIC: As far as I know, this presale is kind of different because you’re applying multilevel bonuses not to mention airdrops. Is that correct? Could you please explain that to our community?
AL: Yes, we have a multilevel bonus. It’s like we go for community, so as more people buy, more people receive bonuses, and bigger ones at that.
The core of a project is its community, so we want to grow our community, this is why we have the bonus not for a person, but for our whole community.
BIC: I’m sure our members got curious about all of that. It would be awesome if you could provide some screenshots of the DeGeThal app so that our community can get a glimpse of how everything works. Can you share some media files and maybe provide some additional info on each one of them? It could be images, links, and so on.
AL: Yes, let me upload some photos and screenshots in the app. By the way, our demo app is ready, it has been deployed into Google Play, but are still awaiting approval.
Here are some photos of how we see the Ease of Use app. Remember, it is only a demo and we are waiting also for feedback from users.
BIC: Great. What do the enthusiasts/ investors can expect when it comes to future plans? What do you have in mind for DeGeThal in the next few months?
AL: We expect to release the payment app around September 2022, make the Master Card payment cards for the users, grow our partnership network and begin the development onto our own exchange.
BIC: Awesome, that’s it. I’m quite sure we’ve covered all the main topics today. Could you please share all the links to your social media channels so that our community can get to know DeGeThal a little better?
AL: Yes of course. I am extremely proud to invite all members of this community to support us. I will attach all the social media channels and I am waiting for you there.
Why should investors buy and hold your token/ coin in the long term?
AL: Aside from the high APY we also offer premium banking and trading accounts, which will bring you the highest cash-out possibility, the lowest fees when trading, also the best rates when changing from euro to U.S. dollars for example.
Also, a premium account means you have also premium support, can have more fiat from crypto at once, and many more.
Is your project a global project or not? can any user/people be part of your project?
AL: It’s a global project, authorizations are being requested in Europe, the USA, and Asia.
Why do you believe governments will authorize DeGeThal when they have the ability to create their own CBDC? Have you spoken with the central banks of all of the countries mentioned? Why return to centralization while the majority of cryptocurrency is trending towards decentralization?
AL: In order to be able to trade and receive your money from crypto, you need to be legally authorized. In Europe, we go for a European license, in other continents, this must be done in the same manner, so we avoid issues like Binance or others, instead, there is a DeFi exchange planned also. Fintech is also a kind of DeFi, it’s not a traditional banking system.
The DeGeThal logo catches my attention. It looks very similar to the representation of the Bitkeep Wallet. What exactly does it symbolize and who was in charge of designing it? Is there a story behind it?
AL: DeGeThal comes from Decentralized Thaller, it has been built from scratch, and it has the D in it and a blockchain network. Thaller is the very first European coin, so this is the new digital coin, the new beginning of a financial system.
What makes you think that your project will get attention during this bear market? Where do you see yourself during the next 5-10 years?
AL: In the next years we are also developing B2B solutions, we like speed, so at this point, the banking sistem has a lot of issues, it’s way too slow and easy to break.
When we build a blockchain bank, everything is open, transparent, and secure. We want to attract also attention by giving the possibility to the users to manage their assets much better, to attract new users into this world, and by doing this to grow together.