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Depository Network ICO

Past ICO
Nov 15, 2018 – Dec 15, 2018

Depository Network is a blockchain-based collateral ecosystem.

By investing in this ICO you agree to our Disclaimer

Depository Network ratings

ICOrating.com Depository Network icorating
Hype score Medium
Risk score NA
Investment rating NA
ICObench.com Depository Network icobench 4.1 / 5
ICOmarks.com Depository Network icomarks 9.6 / 10
TrackICO.io Depository Network trackico 5 / 5
ICOholder.com Depository Network icoholder NA
Our rating
9.3
Claim admin rights for this ICO

Overview

Project industry Crowdfunding & Lending
Product type DApp

Features

The world`s first decentralized multi-platform collateral network

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, all over 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 separate independent depository. All lenders define own terms for accepting, control and release of the 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 built independent depositories within the system. We do provide a network on which can be build different and independent Depository platforms by every certified credit or bank institutions all over 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 kept also by the lender and DEPO so that none of the parties can act on its own discretion. Three, four ot 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 cost and risk of using intermediaries
  • Reduce cost of fraud and regulatory compliance
  • Increase auditability and trust
  • Depository Network will offer the digital world a completely new and contemporary approach to unlocking the value of digital assets - digital non-possessory pledge (a digital “Pignus Obligatum” as referred to in Latin).

    There will be two types of collateral smart contracts:

    1. DEPO Smart Contract - with no middleman. It will be fully integrated with the lender’s API and and will be triggered by an event such as a payment, missed payment, contract termination, etc. It will be created for assets issued on platforms such as Etherium, EOS, Cardano, Qtum, Lisk, Aeturnity and others containing smart contracts.

    2. DEPO Escrow Contract - Locked with minimum three signatures - one for borrower , one for lender, one for DEPO. DEPO collateral contracts will be used for digital asstets (coins and tokens) without smart contract support.

    The current pledge registers are strictly centralized state structures maintained separately by each country. Depository Network will overtake these functions from the state and provide them to the businesses. This will greatly boost the cross-border nature of the credit economy.

    Depository Network is a safe, decentralized solution for accepting digital assets as collateral. It is a platform enabling lenders (P2P lenders, banks, other credit institutions) to accept digital assets as collateral. This provides customers with a way to unlock the financial value of their digital assets, while still owning them.

    Depository network will create an entirely new infrastructure, on which hundreds of platforms (corporate, banking, regional, company, family, government and global) will be built, which will respond to the new challenges of the blockchain revolution.

    ICO Details

    ICO token supply: 2,100,000,000
    Soft cap: 2,600,000USD
    Hard cap: 15,000,000 USD

    Legal

    ICO Platform: Ethereum
    Country limitations: Canada, China, United States
    Registration country: Estonia

    Token info

    Ticker: DEPO
    Type: Utility-token
    Token price in USD: 1 DEPO = 0.02 USD
    Accepted currencies: BTC,ETH,LTC,BCH,USD,BTG
    Token distribution:
    70% - Token Sale
    15% - Depo Reserve
    12% - Team and Founders
    3% - Bounty, Airdrop, Advisors and Marketing
    Funds allocation:
    35% - Product Development
    35% - Marketing
    15% - Legal & Administrative
    10% - Exchange Listing
    5% - Reserve

    Depository Network Roadmap

    1
    2017

    Concept Definition.

    2
    2018 Q1-Q2

    Team Formation, Preparations.

    3
    2018 June

    First Prototype DEPO.

    4
    2018 Q3/Q4

    Private and Public Pre-sale, ICO.

    5
    2018 Q3

    Alpha Release DEPO.

    6
    2018 Q4

    Beta Release DEPO.

    7
    2019 Q1

    Official Launch of DEPO.

    8
    2019 Q4

    Users: 10 P2P lending platforms and 50 non-bank lending institutions.

    9
    2022

    Users: 50 P2P lending platfirms, 100 banks and 500 non-bank lending platforms.

    10
    2025

    Users: 800 banks and 1500 non-bank lending institutions.

    Project team

    CEO & Co-Founder in Depository Network - 1
    Svetoslav Dimitrov
    CEO & Co-Founder
    linkedin
    Technology Board Member and Investor in Depository Network - 2
    Dimitar Kostov
    Technology Board Member and Investor
    linkedin
    Technology Board Member in Depository Network - 3
    Martin Kuvandjiev
    Technology Board Member
    linkedin
    Co-Founder & Chief Strategy Officer in Depository Network - 4
    Delyan Nikolov
    Co-Founder & Chief Strategy Officer
    linkedin
    Co-Founder & Business Development in Depository Network - 5
    Valeri Valtchev
    Co-Founder & Business Development
    linkedin
    COO in Depository Network - 6
    Guergana Stoichkova
    COO
    linkedin
    Blockchain Architect in Depository Network - 7
    George Spassov
    Blockchain Architect
    linkedin
    Co-Founder & Marketing in Depository Network - 8
    Petar Markov
    Co-Founder & Marketing
    linkedin
    Blockchain Developer in Depository Network - 9
    Nick Todorov
    Blockchain Developer
    linkedin

    Advisors

    Co-Fonder in Depository Network - 10
    Ivo Gueorguiev
    Co-Fonder
    linkedin
    Advisor in Depository Network - 11
    Jos Uitdehaag
    Advisor
    linkedin
    Advisor in Depository Network - 12
    Jason Hung
    Advisor
    linkedin
    Advisor in Depository Network - 13
    Waqas Khan
    Advisor
    linkedin
    Advisor in Depository Network - 14
    Filip Lyapov
    Advisor
    linkedin
    Business Development & Strategy in Depository Network - 15
    Kapil Sharma
    Business Development & Strategy
    linkedin
    ICO bench Advisor in Depository Network - 16
    Giovanni Casagrande
    ICO bench Advisor
    linkedin
    Legal Advisor in Depository Network - 17
    Dimitar Ivanov
    Legal Advisor
    linkedin
    Technology Board Advisor in Depository Network - 18
    Konstantin Djelebov
    Technology Board Advisor
    linkedin
    Business development advisor in Depository Network - 19
    Rumen Slavchov
    Business development advisor
    linkedin

    Social media

    Web-site Reddit Medium YouTube Telegram btctalk LinkedIn Twitter Facebook github

    MVP

    MVP URL

    User rating:

    5/5 ( 1 )

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