The Daemoney project started in November 2023. We have worked with the DFINITY foundation and two leading Internet Computer development houses to positively verify the feasibility of the project with today's Internet Computer capabilities. Daemoney is ambitious but achievable now, for the first time ever!
We are currently mobilising our full team, and expect full development to commence in June 2024, with the project being tackled in two phases. Detailed timescales and milestones will be published once development commences. The current outline plan is as follows:
Timescales: Q3 - Q4 2024
As the key enabler for the Daemoney concept, we will first deliver our world-class crypto asset checkout for merchants. We will build this using a modular development concept, so that new crypto assets - and even new blockchains - can be easily integrated over time.
Timescales: Q1 - Q3 2025
With our robust checkout service to handle payments established, we will build the merchant treasury functionality. Initially using Internet Computer's innovative ckBTC amd ckETH wrapped assets to minimise transaction and gas costs, and later using internal netting and deeper cross-chain integration to enable direct BTC, ETH and ERC20 transactions.