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

[Ackedy]

Hi there. How many days is it left until the start of the second round of the ICO?

[16009]

Hi there. How many days is it left until the start of the second round of the ICO?

There’re 10 days exactly, so hurry up to undergo the registration procedure.

[MkrKing]

Hi there. Does debt recovery procedure depend on the region where the loan was provided? Will you use a kind of universal mechanism?

[acaciahill94]

Hi there. Does debt recovery procedure depend on the region where the loan was provided? Will you use a kind of universal mechanism?

I misunderstood your question a bit. To my knowledge, the process of paying interest rate of loans can be automated.

[MkrKing]

Hi there. Does debt recovery procedure depend on the region where the loan was provided? Will you use a kind of universal mechanism?

I misunderstood your question a bit. To my knowledge, the process of paying interest rate of loans can be automated.

I mean that Europeans appreciate confidentiality and the borrower is the only person that is aware of the loan, but in South-Eastern Asian even in case of minimal debt delinquency they will phone your relatives.

[acaciahill94]

Hi there. Does debt recovery procedure depend on the region where the loan was provided? Will you use a kind of universal mechanism?

I misunderstood your question a bit. To my knowledge, the process of paying interest rate of loans can be automated.

I mean that Europeans appreciate confidentiality and the borrower is the only person that is aware of the loan, but in South-Eastern Asian even in case of minimal debt delinquency they will phone your relatives.

The creditor determines the amount of data that he is in need of himself. At the same time, debt collection methods will be as loyal as possible; you’ll be the first one to be negotiated with in case of emergencies.

[MkrKing]

Hi there. Does debt recovery procedure depend on the region where the loan was provided? Will you use a kind of universal mechanism?

I misunderstood your question a bit. To my knowledge, the process of paying interest rate of loans can be automated.

I mean that Europeans appreciate confidentiality and the borrower is the only person that is aware of the loan, but in South-Eastern Asian even in case of minimal debt delinquency they will phone your relatives.

The creditor determines the amount of data that he is in need of himself. At the same time, debt collection methods will be as loyal as possible; you’ll be the first one to be negotiated with in case of emergencies.

Thanks, you’ve calmed me down. There’s one more question: do I have to repay the loan with the same currency with which I borrowed it or can I use any that suits me?

[advertkane121]

You’re planning to ensure full transparency. Does it mean that the person who provides me with a loan will be able to view my credit history on the platform?

[lok5874]

Good afternoon. Will the disputes arisen be solved according to the legislation of creditor’s or borrower’s country?

[Debitum]

You’re planning to ensure full transparency. Does it mean that the person who provides me with a loan will be able to view my credit history on the platform?

Yes, everything will be transparent on the blockchain with credit histories and the overall rating.

Moreoever, if service requestor (borrower or investor) won’t get any follow up actions from particular community, it will be possible to register feedback with Debitum Network Trust Arbitrage. It will investigate if community actions were sufficient. If not, Debitum Network Trust Arbitrage may take a pre-designed action, i.e., use counterparty’s frozen Debitum tokens to compensate feedback provider, manually drop rating for the counterparty or its community, or even ban the counterparty or its entire community from Debitum Network.

[Debitum]

Good afternoon. Will the disputes arisen be solved according to the legislation of creditor’s or borrower’s country?

Yes, local debt collectors will help to solve issues according to local legislature. That is the huge advantage to work with local professionals who have a knowledge of particular country's law.

[qqniceguyqq]

Good afternoon. Will your platform provide an option of reconstruction of a loan? Will potential investors be able to buy my debts out?

[shara]

It’s great that you managed to collect $1 200 000 for the first round!! What are your goals for fees for the second round?

[pazzanegro]

I have smal bussiness (a cafe) and such projets so helpful... usually people invest last funds, and now thats an opportunities to many companies around the world. good luck devs

[californybit]

I’ve heard a lot about Clif High rating and about the fact that 10 point out of 10 is an incredibly great result. Could you please tell me in detail how this rating characterizes your ICO?

[Debitum]

A quote from Clif's High report:
The idea seems solid and value-adding on a global scale and they appear
to have whats necessary to pull it off. Everything appears consistent across the board,
although I didn't verify every claim, those that I did verify included such as employment
and their participation and success at the pitch competition at a major blockchain
conference, including winning both the investor and audience award. So far no “red
flags”.

[leholmes12]

The hard cap of the project is 50 000 Eth, right?

[notbad4day]

If I manage to agree upon extension of the loan period with a creditor, does he have to put this data to smart contract? Or will this arrangement be verbal only?

[termonator61]

The hard cap of the project is 50 000 Eth, right?

It was like that until recently, but the company decided to reduce the hard cap to 20 000 Eth.

[Debitum]

We have changed the hardcap according to the high rise of ETH price. We do not want hardcap which is not reasonable. However, we have decided to send additional tokens for Round A contributors that they would receive bonus they have paid for.

Debitum takes care of their community seriously.

Check out the updated prices, bonuses and hard cap on our newest blog post:
https://blog.debitum.network/important-changes-deb-eth-token-structure/?utm_content=buffera5270&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer