Dether is a peer-to-peer, crypto-to-cash marketplace that allows you to find crypto sellers around you on the Dether Map, discuss trade conditions with them on encrypted messaging, and then meet with them to trade your crypto for cash — but we’re more than just a way to get crypto for cash…here’s five reasons why you need to know about Dether!
1. We are banking the unbanked
Dether was made for everyone — especially those without a bank account. Buying cryptocurrency requires many elements that are often taken for granted in the crypto space: a bank account, a passport, or easy access to a crypto wallet. For much of the world, cash remains the easiest way to buy goods and make payments, and we believe that Dether should reflect this process as best as possible. Users don’t need a bank account to use Dether, just a mobile phone with internet access — great news in regions where smartphone penetration is high, but bank accounts are hard to come by. Instead of relying on costly remittance solutions, Dether can allow the unbanked to access crypto and send it where it needs to go with no extra fees— or use it in local shops around them.Which brings us to our next point…
2. We don’t take any fees on trades
No fees are taken on any Dether trade, and no funds are held by Dether at any time. Sellers are free to set their own margins. As a crypto buyer, this gives you the freedom to find a seller whose offer best corresponds to your needs, and as a seller, gives you an easy way to make a profit by selling crypto. At Dether, we believe it’s important to take the middleman out of buying and selling crypto, which is why we’ll never get in the middle of your trades.
By offering Dether as Progressive Web App (PWA), you don’t need to give your information over to a centralized server which means that your data is never stored by Dether. In addition, a progressive web app (which is a hybrid of an app and a website) means there is no need to download the app from the App Store or Play Store in order to use it. This is great news, as the Dether app can’t be shut down by a centralized entity that manages an app store — no matter where they are in the world. Dether never holds your funds, which means you always have control over them. In addition, all chats betweens users take place over encrypted messaging — we can’t read or access your conversations. As Dether is a peer-to-peer application, you also don’t need to use a centralized exchange in order to access cryptocurrency — simply locate a seller on the Dether Map and meet with them in person. Dether also has a decentralized exchange built into the app, which enables users to switch from one cryptocurrency to another, directly from the app, without having to open up another app or service. Finally, we have also built a decentralized reputation system based on the user’s number of transactions and volumes which means that you can choose the seller with the highest rating and feel confident about your transaction.On a larger scale, the Ethereum blockchain offers new ways to fight censorship globally everyday, but may require getting cryptocurrency in order to use it. Because Dether makes it easy for anyone, novice or expert, to get cryptocurrency with almost any fiat currency, we’re opening the doors to global movements against censorship.
At first glance, blockchain technology is complicated and hard to understand. At Dether, we asked ourselves, how much does a user need to understand in order to use our app? When using Facebook, are we all aware of the coding language they used to build it? We’ve focused our efforts on building a smooth user experience on top of blockchain technology. We believe that a good technical foundation should make the user experience feel effortless, regardless of how intricate the technology is. Our goal? For you to use blockchain technology without even noticing it. It’s a hard and time-consuming challenge, but it’ll enable us to reach the masses in the long term. Our smooth onboarding process and intuitive interface makes Dether accessible to anyone.
Dether is proud to be a member of the Blockchain for Social Impact Coalition and Project Bifrost. Project Bifrost uses blockchain technology to enable peer-to-peer value transfers, creating a more direct process for financial contributors to donate to those in need of assistance. With Project Bifrost, donations can be transferred in less than three days and for less than 1% of transaction fees. Initial donations are converted to Dai. Once the staff member in the group receives the Dai, they will use Dether to connect with a local or local business that will allow them to exchange the sent Dai for their local currency. Staff workers on the ground can then distribute the cash faster to those who need it most.These are the kinds of practical solutions for global good that drives Dether to innovate. Dether is establishing itself as a leader in the intersection of crypto and social impact solutions. So, here are the five reasons you need to know Dether!
