[ANN] [ICO] DEBITUM NETWORK - Borderless SME business funding ecosystem

[finvestor]

Why do you have fiat money in the business cycle? Isn't it possible to do it all crypto?

Let's say I have a company which builds houses and we won the contract to build a skyscraper in Dubai. I will receive significant part of the money then i will finish my work. But I need to pay salary for my employees and I don't think that guys, who worked in building industry for years, will suddenly accept salary in crypto, nor can I pay for equipment rent with crypto. That's why I think fiat in Debitum model is great. 

You have made an excellent point - that is exactly why we need fiat in the beginning.
In the long run crypto may be used. But before that we should work together to make crypto more accepted around the world and also wait for crypto to become less volatile.

Do you have a timeline for when it could go to all-crypto?

[Debitum]

It depends on crypto adoption in the general public. If crypto will be accepted by wider public, regular payments will be made in crypto, businesses will also adapt it. Now we want to be crypto realists and currently businesses cannot easily use crypto in their daily activities, mostly due to volatility and no regulations. Much is still unknown and hard to predict, but we are positive and we believe that sooner or later it will be all-crypto platform.

[Debitum]

We have reviewed and updated our whitepaper by adding more detailed explanations, especially around business model and token economy. We are still improving its design and illustrations; however, it is already available on our website - https://debitum.network/whitepaper

Please go and check it out! We notice that the ones who do - really like out project! 

[finvestor]

What's the difference between minimum and soft cap? Why is your hard cap amount is 4 times the soft cap?

[Debitum]

What's the difference between minimum and soft cap? Why is your hard cap amount is 4 times the soft cap?

If we don't reach minimum - we take that community does not trust us to do this project at all, so smart contract we return all contributions.
If we raise more than minimum - we believe that we have some trust, so we can move on with the project, try to raise funds in different way, move slowly etc.
Soft cap, however, is the amount we think is needed to actually start the reasonable implementation of the project based on the calculations.
The difference between the soft cap and hard cap is high, because implementing our project in 50 countries we have selected requirbusies big budget for business development. If we raise the hard cap we would be able to expand to those markets, if we raise less we would have to adjust our expansion scope to the budget we have.

[skinnynegligible]

Does anyone know what will happen with the tokens that wont be sold?

[pickyguttural]

Where will TKT tokens trade? Where will I be able to buy/sell TKT after ICO?

[acceptancecypriot]

Where can I find ur wp?

[jdole]

Now white paper is less infomation.
When will you up date correct white paper?

[internaldr]

Does anyone know what will happen with the tokens that wont be sold?

I hope that the tokens that are not sold are burned. the remains are more valuable when burned.

[passageasterisk]

Like the project! I stay tuned

[Ptaha]

Where is your team located btw?

[Debitum]

Does anyone know what will happen with the tokens that wont be sold?

It is described in TGE document (https://www.debitum.network/whitepaper), the unsold tokens will be moved to Reserve. There are few ways it may be used, for example, market making to atrract new service providers to join Debitum Network. Please read TGE document in more detail to find all relevant information on our Crowdsale.

[Debitum]

Where can I find ur wp?

https://www.debitum.network/whitepaper
We have three documents there:
- Pitch deck: a high level pitch slides to show overall idea
- Position paper / Whitepaper: detailed description of Debitum Network, the problem we solve and the solution we offer, token usage within the ecosystem
- TGE document: detailed description of the crowdsale, token utility

[Debitum]

Now white paper is less infomation.
When will you up date correct white paper?

https://debitum.network/assets/files/Debitum-Position-Paper.pdf
We have updated our whitepaper. We will improve the graphics, though.
Now it provides more details on financing process, technological part of the project, more detailed description of unique features of Debitum Network - hybrid solution, trust based ratings, tru decentralization via communities.

Please read it and provide any feedback you may have!

[Debitum]

Does anyone know what will happen with the tokens that wont be sold?

I hope that the tokens that are not sold are burned. the remains are more valuable when burned.

It is described in TGE document (https://www.debitum.network/whitepaper) and we provided another answer just a couple of messages ago - the unsold tokens will be moved to Reserve.

Our Debitum Token is a utility token, hence it can't be burned. If tokens would be burned, they should be considered securities. We do not want our utility token to be considered a security!

We have designed the token to be used for utility value (pay for services, use to deploy trust smart contract) and toll value (freeze tokens as a guarantee for service fulfillment in the future).

[finvestor]

I could not find the road map and use of proceeds in case of min/soft/hard cap. Could you please direct me to it or share a few words in here? Thanks.

[jessia]

You only test the way ICO assigned token? Social bounty activity is also a good choice, very necessary

[jessia]

I remember there will be a video here, where can I see the demo model?

[finvestor]

They published their official video in this thread. Or are you talking about other videos?
https://www.youtube.com/watch?v=3uJP6qzEL7U