DEPOSITORY NETWORK

DEPOSITORY NETWORK

Created using Figma
Created using Figma

Last Update

Jul 17, 2018

The depository network is the infrastructure necessary for modern lending. It reveals the true potential of digital assets, allowing traditional creditors to take blocking assets as collateral for loans. Our solution unlocks the financial value of billions of US dollars only in the crypto currency and allows more than 30,000 creditors and 17,500 banks around the world. Get on the list to receive more information on the development of the DEPO project and be among the first to receive DEPO tokens.
Jun 26, 2018
Dec 15, 2018
66% completed
$500 000
7.2 K
hard cap
cap
19% cap completed
Cap 2 600 000 USD
Hard cap 15 000 000 USD
ongoing
  • 1 DEPO
    =
    0.02 USD
Token Details
Ticker
DEPO
Accepted Currencies
ETH, BTC, LTC, BCN, BTG
Company Details
Registered Country
Estonia
Additional Details
MVP/Prototype
Yes
Platform
Etherium
KYC
Yes
Categories
Platform

About DEPOSITORY NETWORK

Depository Network is a high-tech infrastructure enabling lenders worldwide to accept digital assets as collateral.

  • Any lender can use DEPO infrastructure to build custom depository platform and accept different types of digital assets as collateral.
  • Holders of digital assets retain ownership for the entire loan period.
  • The terms for the collateral contracts are defined by every lender individually.

.

DEPOSITORY NETWORK Roadmap

  • 2017

  • Concept Definition.
  • 2018 Q1-Q2

  • Team Formation, Preparations.
  • 2018 June

  • First Prototype DEPO.
  • 2018 Q3/Q4

  • Private and Public Pre-sale, ICO.
  • Read More
  • 2018 Q3

  • Alpha Release DEPO.
  • 2018 Q4

  • Beta Release DEPO.
  • 2019 Q1

  • Official Launch of DEPO.
  • 2019 Q4

  • Users: 10 P2P lending platforms and 50 non-bank lending institutions.
  • 2022

  • Users: 50 P2P lending platfirms, 100 banks and 500 non-bank lending platforms.
  • 2025

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

Activity

Activity:
75
LOW
Posts:
1 705
VERY HIGH
Views:
6 053
MEDIUM
Activity:
434
VERY HIGH
Merit:
250
HIGH
Posts:
127
LOW
Views:
2 586
LOW
Users:
58
LOW
Posts:
186
MEDIUM
Followers:
9 881
HIGH
Likes:
9 660
HIGH
Rating:
5
VERY HIGH
Reviews:
65
MEDIUM
Followers:
13 175
VERY HIGH
Tweets:
113
MEDIUM
Members:
19 578
VERY HIGH
Investors Detected:
0.92%
Alexa
Rank:
463 924
MEDIUM
Delta:
41 869

Team

Verified 78%

Attention. There is a risk that unverified members are not actually members of the team

2 ICOs

$1 815 671

CEO & Co-Founder
verified
echnology Board Member and Investor
verified
Technology Board Member
verified
Co-Founder & Chief Strategy Officer
verified
COO
verified
Blockchain Architect
unverified
Co-Founder & Business Development
verified

2 ICOs

$500 000

Co-Founder & Marketing
verified

2 ICOs

$500 000

Blockchain Developer
unverified

Advisors

Verified 70%

Attention. There is a risk that unverified members are not actually members of the team

Advisor
verified

34 ICOs

$57 747 140

Advisor
unverified
Advisor
verified
Advisor
verified

2 ICOs

$2 150 000

Advisor
verified

24 ICOs

$25 331 823

Advisor
verified
Advisor
verified
Advisor
verified

DEPOSITORY NETWORK Interviews

Svetoslav Dimitrov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
My experience in the legal industry, especially in the area of IT, TMT and FinTech allows me to see different possibilities now based on the block chain technologies. Depository Network is exactly the infrastructure using the fundament of the Law to enable traditional lenders to use the advantages of the digital assets and thus bringing this business in the modern age.
Dimitar Kostov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Co-founder and technology board member. We are decentralizing the lending and introducing the B2B platform that will extend the reach of your crypto assets while keeping them yours.
Martin Kuvandjiev
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am a technology board member of Depository. I have vast experience in cryptocurrencies and blockchain projects.
Delyan Nikolov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Depository Network is the world`s rst multi-platform network enable lenders (P2P lending marketplaces, banks, other credit institutions) to accept digital assets as collateral.
Guergana Stoichkova
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Depository Network builds the necessary infrastructure to integrate blockchain solutions within the traditional world, thus spreading the use of digital assets and cryptocurrencies.
Valeri Valtchev
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
My main contribution is on how to build the business and how to grow it. I have been doing this for other businesses across 9 sectors in the last 15 years.
Petar Markov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Its a great team and amazing idea and I am thrilled to be part of it. As a Chief Marketing Officer (CMO) I am responsible for the marketing of the company. I trully believe that Depository Network will be a successful project that will open new oppotunities for big and small crypto holders and lenders to enable the locked value of digital assets.
Ivo Gueorguiev
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As someone rooted in financial services, I am an advisor to Depo on the business development side, exploring various use cases in the banking and non-banking financial world.
Filip Lyapov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As a chartered accountant and registered auditor my role is to advise DEPO team on the accounting and tax treatment of the DEPO tokens and the overall compliance with the financial reporting requirements. The idea of depositing digital assets as loan collateral is commercially viable and will reduce time and fees for loan approvals by lenders.
Kapil Sharma
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
The only kind of project in the world so far which can disrupt the industry and create value add from digital assets!
Hans Choi
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am an advisor of Depository
Giovanni Casagrande
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am excited to be part of the advisory board for Depository Network. This concept has fascinated me due to the fact that it solves a real-world problem of huge amounts of locked financial value of digital assets.
Dimitar Ivanov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Digitization of collateral is a new era in the digitization of legal services. As a legal consultant to the project I support the team in its development.
Konstantin Djelebov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm very happy to have the opportunity to advice Depo on tech and product. Blockchain has the potential to be an integral part of the economy and to make this happen we need to build a solid infrastructure. I believe Depo can be a key component of the massive shift towards more secure, democratized, efficient and accessible financial system.

Last News

3.97
stable
5.0 18
ICO Profile Vision Activity Potential Product Team

DEPOSITORY NETWORK Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

DEPOSITORY NETWORK is the world’s first decentralized multi-platform collateral network that links traditional financial system and blockchain.

Pros:

  1. The platform use removes the need of state-owned  and centralized depositories  allowing any lending institution to built independent depositories  within the system to enable the users to easily access crypto funds
  2. The platform is highly secure as it uses cryptographically secure multi-signature wallets to store the assets  enabling the borrowers to keep ownership of their crypto assets
  3. The platform through DEPO smart contracts automates multi-party business processes and faster transactions making the project reliable
  4. The platform is highly flexible as its integration of blockchain and traditional system enables the token holders to have the flexibility to acquire fast fiat currency
  5. The platform makes the users to easily adopt crypto assets  as part of the traditional lenders business through the integrated system
  6. The white paper is detailed and available in all the languages enabling the users to easily understand the platform need in ensuring that they easy lending and borrowing in different cryptocurrencies and fiat
  7. The platform has a  good management team and advisory team with different skills and experiences relevant to the platform requirement enabling easy implementation

CONS:

  1. The DEPO tokens doesn’t give the holder voting rights and participating in the projects decision making
  2. The amount raised by the DEPO tokens for the project implementation is not highlighted

SUGGESTIONS:

  1. The platform DEPO token use should provide more incentives to the users by giving them voting rights and having a share of the profit generated
  2. The amount raised by the DEPO token during its crowd sale should be specified  for easy implementation of the project

NOTE:

The platform through the integration of traditional financial systems and blockchain enables borrowers to have full control of their wallets and ability to exchange fiat with other crypto assets. This makes the platform viable and I would invest in it.

Read More
thetechinsider.org
reviews


Positives
Team Experience: Svetoslav Dimitrov has over 15 years of professional experience. And it has Martin Kuvandjiev, the co-founder of Bitcoin gold behind the project. Because of their experience, Depository is a project that has a high chance of succeeding.
Investor Incentive: The borrower has ownership of their assets, and benefits from any increase in price value.
Integration: You don’t have to worry about being limited by one lender website. Depository is decentralized, making it easier to integrate with any lender website. Thus, saving investors time and money on their ventures.
Negatives
Competition: This ICO is in direct competition with other asset collateral blockchain projects. It will take some time before we see this ICO surpass the competition.
Limited Vision: While Depository is a great idea, it will have problems reaching a wider audience. This ICO will have to make its product appealing to the public if it plans to grow in the future.

Read More
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