Welcome my friends to a new interesting ICO today and let’s see their great idea:
Multi-Platform Collateral Infrastructure. Links traditional lending and the blockchain.
Depository Network is the world`s first multi-stage arrange empower moneylenders (P2P loaning marketplaces, banks, other credit foundations) to acknowledge computerized resources as guarantee. Depository Network is a B2B venture – the world’s initially decentralized multi-stage insurance organize joining customary loaning and blockchain innovation.
The project mission:
The venture point is to achieve a tipping point for mass reception of utilizing blockchain resources in customary loaning. Depository Network will give a safe, decentralized crypto resource insurance framework whereupon many guarantee vault stages can be manufactured.
Consequently, DEPO item is empowering all the digital currency holders who groups coins bolstered by the stage to be qualified to get a protected advance from a confirmed bank or credit foundation utilizing the Depository Network framework.
- Create the world’s initially decentralized multi-stage insurance arrange joining conventional loaning and blockchain innovation
- Provide cryptographic security of advantages for both the loan specialist and the borrower utilizing smart contracts and multi-signature accounts
- Enable digital money proprietors to get a credit yet at the same time keep their benefits
- Use a framework for immediate and adaptable contract correspondence between the loan specialist and the borrower
Solutions to problems
- Cryptocurrencies and token reception by credit organizations
By influencing a simple to-use to and simple to-coordinate creative blockchain-based framework, the complane plan to help P2P loaning stages, banks, and credit establishments receive digital forms of money and influence them to some portion of their business system and improvement.
Numerous cryptographic money and token holders need the adaptability to obtain quick, fiat cash.
- The borrower still has the greater part of his/her coins
The framework utilizes cryptographically-secure multi-signature wallets and smart contracts, what’s more, the borrower dependably has one of the keys for marking an exchange.
The stage evacuates the requirement for state-claimed, incorporated vaults and permits any loaning establishment to manufacture autonomous vaults inside the framework. The company join customary loaning what’s more, blockchain innovation.
How it functions:
- The crypto proprietor (borrower) signs an agreement with a P2P loaning stage, bank, or credit establishment (moneylender) for accepting a specific measure of fiat cash as advance and gives his/her crypto coins/tokens as guarantee.
- The Depository Network framework makes a smart contract (for smart contract-empowered frameworks) or multisignature address (for coins without smart contract bolster), and the borrower must send the arranged measure of coins to that agreement or address separately. When the coins are gotten and affirmed, the moneylender gives the asked for credit to the borrower.
- The borrower reimburses the advance to the moneylender as indicated by their agreement.
- After the advance is paid back by the borrower to the moneylender, an exchange is started to a wallet gave by the borrower. Either the moneylender or store organize agent can give the required marks keeping in mind the end goal to sign and send the exchange.
The project key benefits:
- Collateral smart contracts
- Multi-signature guarantee contracts
- Fully integratable with any moneylender site
- The borrower holds responsibility for advanced resources, along these lines profiting from any potential future increment in esteem
- Time and assessment reserve funds
- Flexibility – unbounded customization alternative
- Independent specialist co-op
- Quick to set up
The Project Roadmap:
2017 : Concept Definition
- First Prototype DEPO
- Private and Public Pre-sale, ICO
- Alpha then Beta Release DEPO
- Official Launch of DEPO
2019 : Users: 10 P2P lending platforms and 50 non-bank lending institutions
2022 : Users: 50 P2P lending platforms, 100 banks and 500 non-bank lending platforms
2025 : Users: 800 banks and 1500 non-bank lending institutions
The Project Team:
Depository Network has been designed and created by a highly experienced team of technology experts. The team’s members bring together expertise that gives them a deep understanding of the challenges faced by many crypto enterprises including the legal, regulatory and compliance issues.
- Svetoslav Dimitrov – CEO & Co-Founder
- Delyan Nikolov – Co-Founder & Chief Strategy Officer
- Valeri Valtchev – Co-Founder & Business Development
- plus the Depository Network team & advisers
- Token: Depository Network
- Abbreviation: DEPO
- Platform: Ethereum
- Accepting: ETH, BTC, BCH, BTG, LTC
- Total supply: 3b DEPO
- 100 DEPO = $0.5 (in presale) / $1 – $2 (in crowdsale)
Tokens Main Sale:
- Presale : 22.Jun – 21.Aug.2018
- Start date: 22.Aug.2018
- End date: 15.Dec.2018
Project verified by Bountyhive.io – A Fully Featured Bounty Platform For ICOs
About the author (alexicotrick on bountyhive)
My passion for everything that means cutting-edge technology, blockchain, cryptocurrency, ICOs and not only made this article to be alive. I’m Alex Hummels and I wish you “happy reading” of others of my articles. Thank you all.
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