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

[Debitum]

What kind of businesses and from what counties are going o be interested in your loans?

We are targeting micro, small and medium enterprises which is 90% of all businesses globally. We have a business plan of entering 50 target countries. Our crowdsale stage 1 hardcap is customized to enter 15 markets in Europe (Euro zone, CEE and Balkan countries).

[Immer]

 And will there be more stages of the crowd-sale?

[slavonicpl]

And will there be more stages of the crowd-sale?

Yes, the second stage will start on January 25 and will last for a month.

[Debitum]

I see that you guys are trying to target local players, so from where do you guys exactly plan to start from and how you guys are going to handle vague local laws regarding operations involving crypto ? Say suppose you guys started working with some vendor and then government bans crypto ?

We have a detailed business development plan (see Whitepaper) on how and what countries we are planning to launch.
We are discussing with specific companies that deal on a local and regional basis, like CreditInfo that we already announced about.
We put a lot of energy to make the ecosystem in a way that allows to use it for non-crypto users. There will be an option via fiat facilitator to send fiat and get DEB for using system. Hence Debitum Network will not be influenced by regulators, as it's not possible to ban using blockchain (with crypto) in general, just some specific action with it.
We have planned for working closely with regulators (we are participating in workgroup with European Parliament) to make sure we do everything possible to ensure that DEB is usable.

[coin63]

The project sets ambitious goals to seize the market, but what about the fact that the crypto currency is not recognized by developed countries, without whose participation, the project will not be able to reach the target scale?

[nextwalker]

The project sets ambitious goals to seize the market, but what about the fact that the crypto currency is not recognized by developed countries, without whose participation, the project will not be able to reach the target scale?

Exactly true. Crypto currency is not accepted as a traditional currency in most countries (with the exception of Japan) and since most of the Crypto currency is too volatile, most business borrowers and investors in the short to medium term would prefer to deal with repayment of principal and interest in the usual way - using fiat money

[coin63]

The project sets ambitious goals to seize the market, but what about the fact that the crypto currency is not recognized by developed countries, without whose participation, the project will not be able to reach the target scale?

Exactly true. Crypto currency is not accepted as a traditional currency in most countries (with the exception of Japan) and since most of the Crypto currency is too volatile, most business borrowers and investors in the short to medium term would prefer to deal with repayment of principal and interest in the usual way - using fiat money

So, there is not planned to immediately "cross out" the usual money? Personally, I think it's very reasonable!

[nextwalker]

The project sets ambitious goals to seize the market, but what about the fact that the crypto currency is not recognized by developed countries, without whose participation, the project will not be able to reach the target scale?

Exactly true. Crypto currency is not accepted as a traditional currency in most countries (with the exception of Japan) and since most of the Crypto currency is too volatile, most business borrowers and investors in the short to medium term would prefer to deal with repayment of principal and interest in the usual way - using fiat money

So, there is not planned to immediately "cross out" the usual money? Personally, I think it's very reasonable!

The Debitum network plans to use the crypto currency only for fees associated with the financing cycle, and to freeze tokens with a guarantee. The ecosystem here is an intermediary in fiat money.

[coin63]

The project sets ambitious goals to seize the market, but what about the fact that the crypto currency is not recognized by developed countries, without whose participation, the project will not be able to reach the target scale?

Exactly true. Crypto currency is not accepted as a traditional currency in most countries (with the exception of Japan) and since most of the Crypto currency is too volatile, most business borrowers and investors in the short to medium term would prefer to deal with repayment of principal and interest in the usual way - using fiat money

So, there is not planned to immediately "cross out" the usual money? Personally, I think it's very reasonable!

The Debitum network plans to use the crypto currency only for fees associated with the financing cycle, and to freeze tokens with a guarantee. The ecosystem here is an intermediary in fiat money.

What is the role of the ecosystem in this case? What mediation tasks does it solve?

[nextwalker]

The project sets ambitious goals to seize the market, but what about the fact that the crypto currency is not recognized by developed countries, without whose participation, the project will not be able to reach the target scale?

Exactly true. Crypto currency is not accepted as a traditional currency in most countries (with the exception of Japan) and since most of the Crypto currency is too volatile, most business borrowers and investors in the short to medium term would prefer to deal with repayment of principal and interest in the usual way - using fiat money

So, there is not planned to immediately "cross out" the usual money? Personally, I think it's very reasonable!

The Debitum network plans to use the crypto currency only for fees associated with the financing cycle, and to freeze tokens with a guarantee. The ecosystem here is an intermediary in fiat money.

What is the role of the ecosystem in this case? What mediation tasks does it solve?

Obviously, its purpose is to ensure the conduct of transactions with fiat money, creating the necessary registries in the blockchain.

[coin63]

The project sets ambitious goals to seize the market, but what about the fact that the crypto currency is not recognized by developed countries, without whose participation, the project will not be able to reach the target scale?

Exactly true. Crypto currency is not accepted as a traditional currency in most countries (with the exception of Japan) and since most of the Crypto currency is too volatile, most business borrowers and investors in the short to medium term would prefer to deal with repayment of principal and interest in the usual way - using fiat money

So, there is not planned to immediately "cross out" the usual money? Personally, I think it's very reasonable!

The Debitum network plans to use the crypto currency only for fees associated with the financing cycle, and to freeze tokens with a guarantee. The ecosystem here is an intermediary in fiat money.

What is the role of the ecosystem in this case? What mediation tasks does it solve?

Obviously, its purpose is to ensure the conduct of transactions with fiat money, creating the necessary registries in the blockchain.

I agree with the previous post. Do not forget that over time, the crypto currency will become more popular, it will be possible to move the capital associated with loans to a blockchain.

[Debitum]

The project sets ambitious goals to seize the market, but what about the fact that the crypto currency is not recognized by developed countries, without whose participation, the project will not be able to reach the target scale?

Debitum Network offers a hybrid solution - companies’ financing will be executed in fiat. We are crypto realists instead of crypto fanatics that is why we are not using crypto while it is still not adopted mainstream. We want to create a truly decentralized network via motivated communities - so it can be a living ecosystem, rather than a bunch of individual organizations trying to deal services. It is a pragmatic approach which works in the real life.

[spacegt]

On November 23, some changes in the plans for the ICO were reported. Since then, there have been no changes?

[dayasinfo]

On November 23, some changes in the plans for the ICO were reported. Since then, there have been no changes?

It seems that was not. Now we are waiting for December 7, when the first stage of the sale of tokens will begin.

[Debitum]

On November 23, some changes in the plans for the ICO were reported. Since then, there have been no changes?

Our latest changes in the press release of Nov 23:
https://blog.debitum.network/debitum-network-slash-upcoming-crowdsale-hard-cap-after-strong-advice-from-blockchain-community-leaders/

[dort]

Clarifying question: the client converts BTC / ETH into fiat money, then lends. And when does he receive it  and by what procedure back the money of fiat?

[woodcoin]

Why do you start with lending? These are big risks, in my opinion. Is it not better to first try out forces on less risky operations (verification, risk assessment, debt recovery, etc.), and then, with gained experience, borrowing?

[ElvenRaider]

pre-sale progress is interenting but now we want to watch The Debitum Stage 1 Crowdsale will begins on 7th December
first day determined of how successfull of ICO (not at all)

Why do you start with lending? These are big risks, in my opinion. Is it not better to first try out forces on less risky operations (verification, risk assessment, debt recovery, etc.), and then, with gained experience, borrowing?

high risk high return btw, much of company do that such as bank but in traditional way
i'm sure they already have a sistem to make fillter trusted lending and how to manage it
btw, i want to ask how people can get loan at your preject?
define "trust" please at your blockchain

[polonium84]

What is the approximate share of fiat money from the total amount that you plan to use in your work?

[rdizza]

Are there any plans to start mining  crypto currency? If so, which method do you plan to use?)