Duality Blockchain Solutions gets noticed with their Dynamic(DYN) blockchain

The project Duality Blockchain Solutions is gaining momentum. In a single day Dynamic(DYN), their flagship token, has broken a $ 600,000 wall, gained 151% increase in price while trading volumes soared to over 700BTC, a 20 fold from regular days. Together with Sequence(SEQ), Duality Blockchain Solutions held the #1 and #3 biggest gainers on BIttrex.

Duality Blockchain Solutions will be offering BaaS to help solve real world problems. Their first use case is HarmonIQ’s revolutionary health care patient identification protocol called NoID. The NoID solution provides a private, accurate and fast solution for identifying patients and enabling secure access to their protected health information (PHI). With NoID HarmonIQ has successfully entered into the finals of the CHiME National Patient ID Challenge in the United States, a prestigious competition with a total prize amount of $1,000,000. A working prototype was to be delivered this week in order to be judged, winners will be announced at the start in November.

Dynamic will feature supply elasticity to allow for a more stable exchange rate which is necessary to make it suitable for day to day transactions. Cryptocurrencies have been plagued with volatility ever since Bitcoin came on the seen. Having such variations in price makes it hard for end-users to keep a proper account of their money’s worth. Projects like Monero or Dash which present themselves as a digital form of cash lack the stable quality of money. Dynamic(DYN) provides a solution through a stable mechanism hinted at in their growth strategy.

The promise for fairly priced Dynodes, a second tier network is built on top of Dynamic(DYN) is fairly enticing for latecomers. Its reward structure is staggered in increasing fashion to ensure a decent return of investment at further supply distributions. At a utilisation rate of about 42% of the total supply in circulation at about 725 enabled nodes the ROI is calculated at about 20.9%. With the upcoming release of Dynamic(DYN) v1.5.0.0 the rewards are set to increase by 61.8%, ensuring profitability of at least 15% for another 900 nodes currently costing about $2,000.- each.