Topic: [ANN] [ICO] DEBITUM NETWORK - Borderless SME business funding ecosystem - page 86. (Read 58881 times)

This project is very good and interesting. raising funds from local governments and helping the less fortunate. projects like this should be emulated by many countries until it will help many less fortunate and starving people. I really agree with projects like this

Hello. If my community is convicted of the poor quality of the services provided, will I have an opportunity to improve the situation and improve the quality? I don’t think that it is fair to remove the community from the platform immediately in this case.

Greetings. And how long will it take your specialists to evaluate the algorithm of my company with the help of calculation of the rating of members of the community?

Good afternoon. Will I need any specialized skills in order to create a community within your platform?

ANNOUNCEMENT: Are any of you guys from Amsterdam area or going to be there tomorrow? If yes, you are welcome to join a meetup with a co-founder of Debitum Network Martins Liberts in Amsterdam 29th Nov at 7pm. You will be able to meet Debitum community members, discuss our project and all your questions will be answered directly by the main visionary of Debitum Network.

Location will be announced ASAP. If you have any suggestions please let us know.

https://www.meetup.com/Debitum-Network-Meetup-in-Amsterdam/events/245460796/

Debitum Network is creating a fairer, more accessible way for Small Medium Enterprises to access critical growth funding.


Global Credit Gap

 Small businesses around the world are forced to work in difficult environments, and severely lack access to credit. The current credit gap is estimated to be an astonishing $2 trillion. According to World Bank's data, approximately 70% of all Micro and Small to Medium sized businesses in emerging markets lack access to credit.

 Essentially, the current system's broken. It’s controlled by the Central Banks, highly constrained and strictly over-regulated. Through regulation, local financial institutions are actually instructed to block SME’s from receiving funds from International or individual investors, making it tough to realize their true business potential.

 The cost of trust provision between lenders and borrowers is also too high. Businesses struggle for reasonably accessible financing due to the lack of effective international marketplaces, and transparent pledge security registries.

 Debitum Network is designed to unite borrowers and those who help them apply: investors (lenders), risk assessors, document validators, insurers, etc. Companies or individual professionals who work in the alternative finance space can connect-in to the network for free and immediately begin facilitating cross-border deals.

Debitum Network is built as a hybrid platform

 All actions are processed through the Ethereum Blockchain, making Debitum Network a secure and incorruptible infrastructure. It’s made up of an Ethereum-based family of smart contracts, facilitated by one internal means of payment. Transactions run through Fiat currencies, ensuring businesses can actually use the service easily in their locality, and from day one.

Utility of Debitum Token

Utility of Debitum tokens will be multifold. We have analyzed various possible token models, applied the findings to Debitum Network use cases and accordingly designed Debitum token to run two key roles within the ecosystem:

Value exchange role to build and nurture Debitum Network economy: Debitum tokens will be spent by borrowers and investors to buy services on the ecosystem with an ability to set the price for the services acquired in accordance with the quantity and quality of services received. Debitum token will allow all ecosystem users to earn value and to spend it on valuable services in a measured way.

Toll role Debitum tokens will be used as a security to guarantee a counterparty’s delivery of service.

Moreover, tokens will also be used to run Trust Arbitrage smart contracts that will indicate trust levels of counterparties within the ecosystem. This way tokens will ensure credibility of Debitum Network.

Partners and supporters of Debitum Network: Ministry of Economy of the Republic of Lithuania, Creditinfo, Finpass, Inntec, Debifo, eskolos, Lenderwize.

Awards: winner of d10e ICO pitch competition in Gibraltar both in Investors and Audience awards.

https://bitcointalksearch.org/topic/bountyico-debitum-network-borderless-sme-business-funding-ecosystem-2361872

Hi! What are your bounty program?

Hello everyone. Can you tell us in more detail what a hybrid method is? I’ve just revised the entire project site, but I didn’t find any specified description (((

Don’t you know when will take place this "near future"? It can last for a long time, although I hope very much that the developers won’t postpone it and switch the platform to full service with crypto currency.

This option is provided only for the first stage of the project’s development. In the near future, developers plan to abandon the use of fiat money and fully switch to the use of crypto currency.

One of the tokens utility feature will be used to run Trust Arbitrage smart contracts that will indicate trust levels of counterparties within the ecosystem. This way tokens will ensure credibility of Debitum Network.

Weeell, it isn’t uninteresting then. Now all the projects are trying to use crypto-currencies to ensure maximum anonymity of their users. As for me, I can’t be sure that my data is not viewed by any third parties in Debitum, because I use fiat money on the platform.

Actually, they’ve already took care of this. A hybrid method will be applied for this purpose, it provides the use of both crypto currency and fiat money on the platform.

 It seems to me that the Debitum project won’t be able to combine the current state of commercial practice and the infrastructure of the blockchain to use the operational ecosystem at the moment because of the variability of the rates. And if the developers don’t find a way out of this situation, it is unlikely that the platform will be able to work for a long time.

One of the features of Debitum Network ecosystem will be that consumers will be able to finance SMEs, but the biggest volume for financing should come from big players like investment funds.

Hi. I haven’t seen any information about this yet. I hope that the developers will announce something closer to the start.
 

Hello everybody. Will there be any bonuses during the pre-sale of the project?

Hello. There is information in your white paper that you need to ensure compatibility and interchangeability with other existing financial solutions or companies from the FinTech field. So are you planning to establish partnership with someone? And how will benefit from establishing partnership with other companies?

After the stage 1 of the crowdsale (Round A 7th December, Round B 25th January) we are planning to expand to 15 countries (8 Euro zone, 7 CEE + Balkans countries).