DEPOSITORY - THE FIRST DECREASE OF MULTI-PLATFORM DEPARTMENTS IN THE WORLD - COINSAURUS CRYPTO

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Sunday, July 15, 2018

DEPOSITORY - THE FIRST DECREASE OF MULTI-PLATFORM DEPARTMENTS IN THE WORLD


The economy has undergone many developments. Every year there is always a new phenomenon happening in the world economy. The phenomenon that makes changes can happen at any time. At this time has emerged a new technology that is blockchain. The market capitalization of digital blockchain assets is always increasing while digital assets in it are still less popular in the world of international finance. In the meantime, asset owners need to use, deposit and liquidate their assets. Existing institutions only use storage services for real assets, not digital assets. This makes the sale of digital assets incurring huge costs/taxes and the profitability gains being lost. It's not efficient for lenders to create their own storage.

REVIEW OF DEPO PLATFORM

Depository Network (Depo) is a B2B project, the first multi-platform combining loan and blockchain technology. Depo allows the lender to receive digital assets as collateral for something lent in any currency. There is a guarantee system for crypto assets that can help hundreds of platforms to store collateral. Problems that occur in digital assets can be resolved with this network and lenders can store assets in separate independent storage. Through the decentralized system available on this platform, costs and risks are fewer but better than platforms that use intermediaries.

Depo aims to create a stable and inclusive blockchain network for lenders who want to offer solutions for digital assets and no state boundaries, asset classes, and lender types. With the mission of advancing multi-platform networks, Depo has a target of achieving 5 percent penetration in the lender market within 7 years. The predicted market capitalization will grow by over US $ 2 trillion by 2025 and the IBO (Initial Bond Offering) format that will convert traditional bond offerings into Blockchain based on the Ethereum platform is one of Depo's market potential. In addition, digitizing the company's stock becomes another trend that also becomes a market potential.


NETWORK SECURITY SYSTEM

The Depo team has been working on full security on its platform. A multi-signature wallet is used to guarantee that. An asset owner's signature is required to conduct transactions in saving assets. The number of multi-signature wallets can amount to more than three depending on the amount of the collateral. There are two types of smart collateral contracts:

1. Depo Smart Contract, a contract without intermediaries that is fully integrated with the API. Here is how Depo Smart Contract works:

2. Depo Escrow Contract, a locked contract with at least three signatures (for borrowers, lenders, and Depo). Here is how Depo Escrow Contract works:

BENEFITS AND COMPETITION

Depo platform users will get many benefits including:
  1. Can enjoy smart contract of collateral
  2. Collateral contract with multi-signature
  3. Integrated fully with the lender's website
  4. When the borrower retains ownership of its digital assets, then the profit from any future potential value increases will be obtained
  5. Save time and reduce taxes
  6. Has the flexibility of the nature of unlimited adjustment options
  7. Be independent
  8. Easy for users to manage transactions

There are several similar platforms, but the Depo can function well as a market that connects the lender with the borrower. Depo allows lenders, financial institutions, private companies, and state agencies to connect with each other's storage networks and use the network to receive digital assets. Thus the risk can be avoided, Depo also provides customized solutions to expand the loan portfolio. To know the difference Depo and its competitors more complete can be seen in the following table

DEPO TOKEN & ICO SALE

Token becomes the most needed to run the Depo platform. Depo will start token sales in Q2 and Q3 in 2018. Total tokens sold for only 3 billion with token and ICO price details as follows

Team & Advisors

Team
  • Svetoslav Dimitrov - CEO & Co-Founder
  • Dimitar Kostov - Technology Board Member and Investor
  • Martin Kuvandjiev - Technology Board Member
  • Delyan Nikolov - Co-Founder & Chief Strategy Officer
  • Valeri Valtchev - Co-Founder & Business Development
  • Guergana Stoichkova - COO
  • George Spassov - Blockchain Architect
  • Petar Markov - Co-Founder & Marketing
  • Nick Todorov - Blockchain Developer
  • HK Seol - Community Manager
Advisors
  • Ivo Gueorguiev - Member of the Board of Directors, Co-Fonder Depository Network
  • Jos Uitdehaag - Advisor Legal Reform (International Monetary Fund)
  • Jason Hung - IDACB Advisor, ICOBench Top 6
  • Waqas Khan - Senior Associate
  • Filip Lyapov - KPMG Audit Manager
  • Kapil Sharma - Business Development & Strategy
  • Hans Choi - Blockchain Developer & Architect System Analysis
  • Giovanni Casagrande - ICO bench Advisor
  • Dimitar Ivanov, PhD (Law) - Legal Advisor
  • Konstantin Djelebov - Technology Board Advisor 

Quik Links

Website
Whitepapper
Ann Thread
Linked
Reddit
Github
Youtube
Facebook
Twitter
Telegram

writen by : Ludmilla
bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1064448;sa=summary
ethereum adress : 0x29ac4A201C36b7922430F0A37976C1bA1c617339

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