DEPOSITORY NETWORK (ICO 2018)- THE MULTI-PLATFORM COLLATERAL INFRASTRUCTURE

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INTRODUCTION

Blockchain is a distributed database system that acts as an “open ledger” to store and manage transactions. Each record in the database is called a block and contains details such as the transaction timestamp as well as a link to the previous block. This makes it impossible for anyone to alter information about the records retrospectively. Also, due to the fact that the same transaction is recorded over multiple, distributed database systems, the technology is secure by design.

With the above in mind, blockchain is immutable – information remains in the same state for as long as the network exists.

Perhaps most significant development in IT over the past few years, blockchain has the potential to change the way that the world approaches big data, with enhanced security and data quality.

blockchain has the potential to change the way that the world approaches big data, with enhanced security and data quality just two of the benefits afforded to businesses using Satoshi Nakamoto’s landmark technology.”

As usual ! all of you know's, I always carry you along with any information about good crypto related projects through my blog.

In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called: DEPOSITORY

WHAT IS DEPOSITORY?

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Depository Network is a B2B project combining the traditional financial system with the blockchain technology. We build a secure infrastructure for lenders to accept blockchain assets as guarantee for loans. - Improve the liquidity of 100 million crypto holders. - Allow all lenders worldwide to enter into the crypto world. - Support many crypto currencies and tokens. Depository Network enables all lenders to accept crypto as guarantee without changing the lending process. We provide the missing technological layer to the lenders as banks, credit institutions, and p2p lending platforms.

ABOUT DEPOSITORY NETWORK

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Depository Network is the worlds first multi-platform network enable lenders (P2P lending marketplaces, banks, other credit institutions) to accept digital assets as collateral.

More than 50,000 banks, sub-prime lenders, consumer finance companies, crypto lenders and P2P lending platforms all over the world. Our goal is within 7 years to reach 5 % penetration in global lenders market.

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.

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.

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.

TWO TYPES COLLATERAL SMART CONTRACTS WILL BE AVAILABLE:

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.
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.

TEAM

ROADMAP

ICO

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The ICO is a natural supplementary funding source to further accelerate the development and global adoption of the DEPOSITORY PLATFORM

PRESALE IS LIVE NOW!!!...

During the pre-sale and public sale, the Ethereum smart contract will be issued on the Ethereum Network.

TOKEN ANALYSIS

12%: (0.36 billion DEPO tokens) of the supply will be reserved for the team and founders.
26%: (0.78 billion DEPO tokens) will be retained by the DEPO Reserve.
12%: (0.36 billion DEPO tokens) of the supply will be used for the bounty program, airdrop program, advisors and ICO marketing.
50%: (1.5 billion DEPO tokens) of the supply can be sold at the token sale.

USE OF FUNDS