Topic: deleted - page 26. (Read 6878 times)

 I think many users will like this offer. It is very simple to pledge Shares or other things to get a loan

Hello there,

We are constantly negotiating with projects which want to list their coins/tokens in DEPO Platform as well as with Lenders that want to use it to reach a wider audience. This is just the beginning so stay tuned for our updates and regard all the evolution that will gradually happen.

 I understand that here you can become a lender and give people a loan cryptocurrency? Very interesting proposal, but I will learn a bit more about the project to become a member

I understand that here you can become a lender and give people a loan cryptocurrency? Very interesting proposal, but I will learn a bit more about the project to become a member

Hello) this project is quite new) so there are still few creditors, before the ICO launch there are 2 days left, soon the project will begin to progress )

Hi, I have long wanted to find such a functional service. Only confuses the fact that you have 2 creditors why so little?

Hello,

DEPO Platform will be used by Lenders and Borrowers worldwide. The regulation matters in each country will be a responsibility of every Lender himself. This is why Depository Network will not be burdened neither with regulation issues, nor with data storage. We are providing a white label solution for Lenders which means they can benefit from DEPO Patform and at the same time rebranding it as their own.

If the market price of the collateral drops drastically the Lender will be able to ask for an additional collateral. Also there will be a function implemented called "Market Volatility Control" whose purpose will be to regulate these kind of unexpected rapid drops so that the risk for both Lenders and Borrowers is minimalized.
Apart from this, not only cryptocurrencies can be used as a guarantee for loan. All types of assets which are becoming digitalized such as shares and bonds, will be accepted by the Lenders.

The repayment of the debt can never be fully guaranteed. This is where the collateral comes. The Lender might want 2x collateral / debt ratio in order to lend its funds. This is why the debtor should want to return his debt because otherwise he will not get his collateral back which is usually worth more than the debt itself. Also there will be an option to repay partly fiat/collateral. But once again, the Lenders will decide the terms of the contract. We are just giving them the field where they can do this.

For the project to be successful it must seek adoption from its biggest market - lenders. For this to occur people actually need to borrow / leverage crypto assets. Good luck.

During Token Sale DEPO Tokens can be bought with Bitcoin, Ethereum, Litecoin as well as with Wire transfer (Bank).

Through which cryptocurrencies can i buy the tokens of this project?
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During Token Sale DEPO Tokens can be bought with Bitcoin, Ethereum, Litecoin as well as with Wire transfer (Bank).

Depository Network creates a Platform on which Banks, Credit Institutions and all types of P2P Lending Platforms will give loans in crypto and fiat currencies and accept digital assets as collateral (Cryptocurrencies, digitalized shares and bonds). Every Lender will be able to create its own Depository within the DEPO Platform and define the terms of the contract.

Borrowers on the other hand will be able to chose their favourite lender when asking for a loan.

Hey there,

We are not aiming to decentralize banks. We are decentralizing the process of taking a loan in the whole cryptocurrency sector by giving the Lenders (Banks, Credit institutions and all types of P2P Lending Platforms) an opportunity to increase their market share by taking advantage of this newly thriving sector where they can facilitate the procedures by giving loans almost instantly.

As for the borrowers, they will have the possibility to chose among many lenders as per their experience and trust.

Hello, I would like to ask if your platform will be used worldwide and if yes, how are you going to deal with regulatory issues in each country ? Thank you.

I like the idea that coins from other blockchain projects could be used as collateral. Thats a really good approach and makes other coins more useful.

Depository Network will provide secure decentralized crypto asset collateral system on which can be build hundreds of collateral depository platforms. This way, every owner of digital assets, holding coins or tokens supported by Depository Network, can pledge his assets as a collateral and receive a loan from a number of lending institutions. On the other hand, any lender, from anywhere in the world, will be able to build its own depository on Depository Network and start accepting digital assets as collateral. Thus, every lender will keep the collateral assets in a separate independent depository. All lenders define their own terms for acceptance, control and release of collateral. Loans will be provided independently from the Depository platform, in any currency supported by the respective lender.

Decentralization
Our platform removes the need for state-owned, centralized depositories and allows any lending institution to build independent depositories within the system. We provide a network upon which different and independent Depository platforms can be built by every certified credit or bank institutions around the world.

Security
To ensure the full security of our platform we use cryptographically secure multisignature wallets to store the assets, and smart contracts to execute the transactions. The borrower (owner of the assets) is always one of the key-holders whose signature is required to perform a transaction. Keys are also kept by the lender and DEPO so that none of the parties can act on its own discretion. Three, four or five multi-signature wallets will be used depending on the amount of collateral.

DEPO Oracle responds to queries by executing smart contract code —the business logic that runs on the DEPO smart contracts is the following:
• Updates are replicated across participants
• Authorized participants access data
• Existence and validity of the record cannot be denied
• All records are encrypted
• Only those authorized with corresponding keys can view the data
• Automate multi-party business processes.
• Reduce the cost and risk associated with using intermediaries
• Reduce risk of fraud and improve regulatory compliance
• Increase auditability and trust

the idea of the project is interesting &Successful strategies which are offered for copy trading to other traders to invest in high-potential projects
depository.network has caught my attention good luck team

I think the genre of lender has an interesting possibility.
I think that there are various hurdles to realize practicality in this industry.
Although many projects have set the same goal, I think that it has not been realized yet.

It seems that activities for publicizing well now are active, so I would like to pay attention with expectation that further specific information will be released in the near future.goodluck

The idea is good in principle but the way the Whitepaper positions the product is not clear enough. For example the "Depo Smart Contract" makes Depo the middleman, it does not remove but adds players to a lenders process. I believe what they mean to say on P10 item 6 of the paper is 2 not 3 signatories. The paper should focus on Depo as a Blockchain Escrow service for traditional lenders wishing to accept crypto assets as collateral.