Debitum network Review – ICO, Coin Price, Reddit, Roadmap, Crowdsale
Debitum Network reportedly started because small businesses around the world are forced to work in difficult environments, and severely lack access to credit. The current credit gap is estimated to be an astonishing $2 trillion according to Debitum. The domain, Debitum.Network was registered on the 21st day of June, 2017 by Justas Saltinis. Debitum Network’s traffic comes mostly from Japan according to Alexa. The Crowdsale is LIVE now and it offers 5% discount.
It is defined as a global small business financing Leveraging Blockchain technology to secure and distribute fiat investments to the SME world.
A critical look at it websites reveals the following “Debitum Network is designed to unite borrowers and those who help them apply: investors (lenders), risk assessors, document validators, insurers, etc.
Companies or individual professionals who work in the alternative finance space can connect-in to the network for free and immediately begin facilitating cross-border deals.
All actions are processed through the Ethereum Blockchain, making Debitum Network a secure and incorruptible infrastructure. It’s made up of an Ethereum-based family of smart contracts, facilitated by one internal means of payment.
Transactions run through Fiat currencies, ensuring businesses can actually use the service easily in their locality, and from day one.”
Debitum Token economy
- The more loans processed via Debitum Network, the more DEB tokens are needed
- As all service providers need to freeze some tokens, DEB token supply is limited
- In crypto world, increased token value often represents that the company is evolving rapidly.
Based on DEB token usage within its lifetime for each loan, total needed to buy DEB tokens will surpass total ability to sell DEB tokens, thus creating upward pressure on DEB token price. Debitum Network is solving the $2 trillion problem, therefore growth potential is huge.
On How it works, Contribute to Debitum Network and receive your DEB tokens. Debitum claims they use your contributions to fully launch their solution in a lot of markets.
Everyone with spare money can join Debitum Network and provide a loan to Fernando or any other company.
As Debitum Network grows worldwide, with a very limited amount of DEB tokens in the market, the value of acquired tokens could well increase.
2015: Incorporated DEBIFO – an alternative finance company
2016.01: Joined Mintos p2p finance platform
2016.10: Reached financing agreement with a private debt fund MUNDUS
2017.02: Envisioned Debitum ecosystem
2017.06: Reached 3M EUR portfolio, nearly 20M EUR asset turnover
2017.07: Expand core team with business and technology advisers
2017.08: Establish global business development team
2017.09: Build and deploy MVP version on Ethereum Ropsten blockchain
2017.09: Align with first counterparties of ecosystem
2017.10: Launching of the marketing campaign
2017.10: Expanding the Debitum Network community
2017.10: Incorporating Debitum Network
2017.12: Crowdsale Round A – Raised 1,2 M USD
2018.02: Crowdsale Round B
Product development start
2018.03: Expanding Debitum Network team to prepare for global expansion
2018.06: Establishing Debitum Network in the first target country
2018.09: Testing and auditing Debitum Network 1.0 before public launch
Develop Debitum Network ecosystem version 1.0 with manual on-boarding of asset generators, investors and additional service providers.