Depository Network ICO
Past ICONov 15, 2018 – Dec 15, 2018
Depository Network is a blockchain-based collateral ecosystem.
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|Project industry||Crowdfunding & Lending|
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
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.
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:
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 DetailsICO token supply: 2,100,000,000
Soft cap: 2,600,000USD
Hard cap: 15,000,000 USD
LegalICO Platform: Ethereum
Country limitations: Canada, China, United States
Registration country: Estonia
Token infoTicker: DEPO
Token price in USD: 1 DEPO = 0.02 USD
Accepted currencies: BTC,ETH,LTC,BCH,USD,BTG
70% - Token Sale
15% - Depo Reserve
12% - Team and Founders
3% - Bounty, Airdrop, Advisors and Marketing
35% - Product Development
35% - Marketing
15% - Legal & Administrative
10% - Exchange Listing
5% - Reserve
Depository Network Roadmap
Team Formation, Preparations.
First Prototype DEPO.
Private and Public Pre-sale, ICO.
Alpha Release DEPO.
Beta Release DEPO.
Official Launch of DEPO.
Users: 10 P2P lending platforms and 50 non-bank lending institutions.
Users: 50 P2P lending platfirms, 100 banks and 500 non-bank lending platforms.
Users: 800 banks and 1500 non-bank lending institutions.
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