Debitum is an existing business in alternative finance for 3+ years. There is a global credit gap for SMEs of more than $1.5 trillion worldwide. We want to disrupt and revolutionize this by creating a new ecosystem - Debitum Network. It will be a blockchain and trust based ecosystem joining various players (investors, risk assessors, document validators, insurers etc.) to complete end-to-end financing loop for SMEs.
It is very important to have a process based solution here as only such approach allows for a mix of local / global players to close the financing gap, earn money on their services and provide needed juice for SMEs growth and development. Traditional finance institutions are failing hard on this issue for ages - it is time we take it in decentralized hands and solve.
- Crypto is used by borrowers and investors to buy services on the ecosystem (risk assessment, debt collection etc.) - Interest and other fees seIled in crypto. - Financing in fiat, interest-free - Normal legacy accounting - Deal closure in fiat - Deal track-n-trace
2015 – Q2 2017 - Start of the company
Q3 2017 - Creating Proof of Concept
Q4 2017 - Raising funds via Crowdsale
Q1-Q3 2018 - Building Debitum Network 1.0
Q4 2018 - Debitum Network 1.0
Attention. There is a risk that unverified members are not actually members of the team
SummaryBasically, Debitum shows some promise despite having competition within the field. Additionally, it does assist SMEs through the use of Ethereum’s open network, AI technology, through smart contracts.If you’re a small business trying to obtain support for company growth, feel free to give Debitum a look!PositivesSME Assistance: Debitum helps small businesses obtain funding in a safe and decentralized manner.Smart Contract Protection: The smart contracts are used for each transaction and can spot which user is using it for negligent activity.Efficient Team: With over 5+ leading members and 10 advisors onboard, Debitum is dedicated to helping this project reach its completion.NegativesFunding Quality: How will Debitum ensure that lenders are assisting their borrowers within their network?Competitors: There is another ICO named Salt that targets the same SME market. We will have to see which one obtains the most market share in upcoming years.Token Usage: How does the ICO plan to use its tokens when conflicts need to be resolved? While the token is useful, we would like to see further explanation on how its used to fix issues.
The Debitum Network is an extremely well-constructed initial coin offering that is backed by a number of large, established financial and IT firms, and is definitely worth strong consideration as a solid investment.
Debitum is striving hard to develop a decentralized and trusted environment for SMEs. They want to create a solution that removes the interference of highly regulated third parties by connecting borrowers, investors, and service providers in the most trustworthy and effective space. The DEB tokens act as fuel for the network and are used by different counterparties for doing payments. If you also want to contribute to the development of this project, you can participate in its ICO and also enjoy bonus benefits.
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