depository-network

Depository Network

Business Service, Infrastructure
Token sale completed on 15 December
Goal: 2,600,000 USD
Website Whitepaper
Capture

About Depository Network

Depository Network is the world`s 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.

There will be two types of collateral smart contracts:

1. 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.

2. 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.

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.

Ivo Gueorguiev
Co-Founder
Jos Uitdehaag
Advisor
Waqas Khan
Advisor
Filip Lyapov
Advisor
Kapil Sharma
Business Development & Strategy
Giovanni Casagrande
ICO bench Advisor
Rumen Slavchov
Business development advisor
Svetoslav Dimitrov
CEO & Co-Founder
Dimitar Kostov
Technology Board Member and Investor
Delyan Nikolov
Co-Founder & Chief Strategy Officer
Valeri Valtchev
Co-Founder & Business Development
Guergana Stoichkova
COO
Petar Markov
Co-Founder & Marketing
Nick Todorov
Blockchain Developer
Token Sale: 01 November — 15 December
Ticker
Token type
ICO Token Price
Available for Token Sale
Whitelist
Know Your Customer
Сant participate
Min/Max Personal Cap
Accepts
Market & Returns
Depository Network token price
$434.5591393 1.0000000 ETH 0.0699549 BTC
4.38/5
Hype rate
Risk rate
ROI rate
Site Score
Short review
Number of team Members
Prototype
Team From

Add a comment