The Grand Vision – Life Story of Ducatus CEO Ronny Tome (Part 3)

What started out as a near catastrophic event in the fintech world turned out to be one of the most pivotal moments in Ronny’s life. One that would serve as a catalyst in achieving his grand vision that benefits the world. Here’s the third part of our exclusive interview. #MondaysWithRonny

TRANSCRIPT:

Previously on the life story of Ronny Tome.

And we wanted to create some very,

very special villas that we were then to sell

to individual investors and to manage.

Just roughly after about one week, I got the first interested buyer,

and I offered it to him for $750,000

which resulted in a total price of 963 Bitcoins.

HIS STORY CONTINUES

MONDAYS WITH RONNY

Only a couple of weeks later, because then,

the manager of the website, of BitPremier

was obviously very interested in reporting and using this deal for advertising his platform

basically found out that this was the biggest Bitcoin transaction at that time

deLMango Villa:

BIGGEST BITCOIN TRANSACTION RECORD

and it was the first actual sale of any property worldwide.

And it set the world record of the highest transaction in Bitcoin

for real estate for over 18 months.

So that was my entry into Bitcoin

and a lot of things changed after that because,

we didn’t know what to do with the Bitcoin first,

because there was no chance of exchanging it into fiat currency.

The Bitcoin exchange in Indonesia had just opened,

but there was a maximum of daily transaction

of just over $2000 so that didn’t really help us.

So we decided that we’re going to keep the Bitcoin for a while

and see what happens.

What then happened wasn’t so much fun because,

the Mt Gox Exchange in Japan, which at that time was

the biggest crypto exchange in the world, got hacked

and the Bitcoin price crashed from just over $750 down to $200

so basically overnight we lost two-third of our money.

And my partners as well as my staffs got very anxious and started to panic,

because we were still in construction for the remaining villas

and we obviously needed the money.

We then decided that we will find the money differently

and we will leave the Bitcoins,

because I convinced them that,

I believe that the Bitcoin price will be going up again.

The Bitcoin industry then became a bit quiet and stagnant for a while

the price didn’t really change much over the years 2014 and 2015.

Only by May 2016, we then saw that the price was rising

and the hype for cryptocurrency globally started.

There were a lot of new people getting involved;

there were a lot of talks and the price went up pretty quickly.

By November 2016, I was meeting with some friends here in Singapore in this very apartment,

and we were discussing the issues that Bitcoin was having because

number one, the transaction time got slower and slower,

number two, the transaction fees started to increase.

So we started to joke and to talk and said,

well, you know, why don’t we do our own?

And then started to seriously think about it

and that was the start of Ducatus.

At that time, the cryptocurrency market had already evolved;

there were hundreds of cryptocurrencies on the market,

where Bitcoin was still the dominant one but there were a lot of smaller ones,

and new ones were coming all the time.

So it wasn’t that strange for us to think that maybe we can do it ourselves;

we had a lot of experience by then and which we found out,

the buyer of my villa was one of the first people on the planet

being involved in cryptocurrencies and in Bitcoin

and actually was in touch with Satoshi Nakamoto already from early 2009;

and an expert in the field of cryptography and programming.

So, I decided to contact Dustin Trammell, who by that time was already a friend,

but he was the original buyer

and we decided that we are going ahead;

we are building our own blockchain

we are building our own coin and we will call it Ducatus.

NEXT MONDAY

The Grand Vision Takes Shape 

So in early 2017, in January, we officially started

the development of our Ducatus blockchain.

So, all the coins were mined, the network marketing was set up

and was launched on the 21st of March in Dubai.

***

Watch Part 1 here: https://youtu.be/A37JbqN47g4
Watch Part 2 here: https://youtu.be/gmmGORZDKRE
Watch Part 3 here: https://youtu.be/82-lGMXXZzY

***

Ronny Tome is the CEO of Ducatus Global. Ducatus Global Pte Ltd is a Singapore-based company that is the administrative heart of the Group worldwide. Our globally distributed management team provides management and professional support for the whole Group. Centurion Global Limited, based in the Cayman Islands, is responsible for the production and global distribution of the coins through the Ducatus network. Additional group of companies in Dubai and Singapore are responsible for charity projects, education and training, e-commerce, franchise cafés, health, travel and property. For more information, visit https://ducatus.net

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Disclaimer: The content of this blog/website is provided for information purposes only. It does not offer any recommendation. It is very important to do your own research with due diligence before making any investment based on your own circumstances. Ducatus does not endorse any material included on this website. Ducatus accepts no responsibility whatsoever for any direct or indirect losses arising from the use of this website or its contents.

The post The Grand Vision – Life Story of Ducatus CEO Ronny Tome (Part 3) appeared first on Digital Economy Journal.

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