Here is a project that I am currently involved with. I am happy to receive any questions or feedback. Thanks!
Make your digital assets fly! The market value of cryptocurrencies represented by Bitcoin has been expanding in the past years. According to statistics from Coinmarketcap.com, the global market capitalization of digital currency has reached USD 600 billion as of December 2017. As more and more countries start to recognize digital assets and blockchain technology worldwide, the use of digital assets will continue to expand. Digital assets are expected to become one of humans’ largest assets in the near future, and everyone has the opportunity to become a digital asset holder and investor. This will be a revolutionary change in the history of human currency.
Under this environment, many people expect to make their digital assets safer, more liquid and at the same time seeking larger Return on Investments (ROI). In our daily life, many people obtain funds through banks, credit cards, and online loan platforms to increase the circulation of their funds. In the blockchain era, there is a new way to boost asset liquidity and improve return on assets. That solution is DAGT.
What is DAGT project?
DAGT, short for Digital Assets Guarantee Token (
www.dagt.io), is a digital asset collateralization credit platform built on Ethereum and smart contract technologies. Founded by Singapore’s non-profit Foundation (GRANDDREAM), DAGT aims to utilize blockchain technology to build a transparent, efficient and distributed guarantee system which makes digital assets flow quickly. Throughout the ecosystem, credit users can pay for credit service fees by using the “DAGT” or other digital assets, so as to obtain the financial services provided by the financial institutions that the DAGT project cooperates with.
Who does DAGT serve?
DAGT provides blockchain and financial services to three categories of people: (1) C-side digital investors; (2) DAGT token holders; (3) B-side compliant financial lending institutions.
The process that C-side digital asset investors have to complete on the DAGT platform for the liquidity of digital assets:
STEP 1. Credit application
Register and apply for loan credit qualifications
STEP 2. Credit information
Users should enter credit information
STEP 3. Locked smart contract
Send digital assets to wallets based on smart contract
SETP 4. The letter of credit created and loan approved
DAGT creates the letter of credit, and B-side compliant lending institutions approve loans. Loan institutions having cooperation with DAGT will distribute loans to banks in accordance with credit qualifications and basic information.
