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[Cryptocotrader]

I like the idea that coins from other blockchain projects could be used as collateral. Thats a really good approach and makes other coins more useful.

[Visitor800]

Hello, I would like to ask if your platform will be used worldwide and if yes, how are you going to deal with regulatory issues in each country ? Thank you.

[DepositoryNetwork]

I do not understand the meaning of your project, banks do not need decintralization

Hey there,

We are not aiming to decentralize banks. We are decentralizing the process of taking a loan in the whole cryptocurrency sector by giving the Lenders (Banks, Credit institutions and all types of P2P Lending Platforms) an opportunity to increase their market share by taking advantage of this newly thriving sector where they can facilitate the procedures by giving loans almost instantly.

As for the borrowers, they will have the possibility to chose among many lenders as per their experience and trust.

[DepositoryNetwork]

Can you please describe your project in 2-3 lines?

Depository Network creates a Platform on which Banks, Credit Institutions and all types of P2P Lending Platforms will give loans in crypto and fiat currencies and accept digital assets as collateral (Cryptocurrencies, digitalized shares and bonds). Every Lender will be able to create its own Depository within the DEPO Platform and define the terms of the contract.

Borrowers on the other hand will be able to chose their favourite lender when asking for a loan.

[DepositoryNetwork]

Through which cryptocurrencies can i buy the tokens of this project?
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During Token Sale DEPO Tokens can be bought with Bitcoin, Ethereum, Litecoin as well as with Wire transfer (Bank).

[DepositoryNetwork]

Looks like an interesting project at the first go. Can you please tell the hardcap and softcap of the project?

The softcap is 2.6 m USD and the hardcap is 15 m USD.

Through which cryptocurrencies can i buy the tokens of this project?

During Token Sale DEPO Tokens can be bought with Bitcoin, Ethereum, Litecoin as well as with Wire transfer (Bank).

[chon0783]

For the project to be successful it must seek adoption from its biggest market - lenders. For this to occur people actually need to borrow / leverage crypto assets. Good luck.

[DepositoryNetwork]

Who will guarantee the repaymnet of debt?

The repayment of the debt can never be fully guaranteed. This is where the collateral comes. The Lender might want 2x collateral / debt ratio in order to lend its funds. This is why the debtor should want to return his debt because otherwise he will not get his collateral back which is usually worth more than the debt itself. Also there will be an option to repay partly fiat/collateral. But once again, the Lenders will decide the terms of the contract. We are just giving them the field where they can do this.

[DepositoryNetwork]

Who will guarantee the repaymnet of debt?

I guess thats why borrower has to keep collateral in cryptos.

But cryptos are very volatile. If i kept one BTC (worth 19k USD) as collateral in December 2017, and now the price has dropped to 6200 USD. So, will there be a margin that if value drops below that margin, you have to deposit additional collateral? How is everything going to work?

Well thats an interesting question. There must be some provision for that. I guess someone from DEPO only will answer that in a better way.

If the market price of the collateral drops drastically the Lender will be able to ask for an additional collateral. Also there will be a function implemented called "Market Volatility Control" whose purpose will be to regulate these kind of unexpected rapid drops so that the risk for both Lenders and Borrowers is minimalized.
Apart from this, not only cryptocurrencies can be used as a guarantee for loan. All types of assets which are becoming digitalized such as shares and bonds, will be accepted by the Lenders.

[DepositoryNetwork]

Hello, I would like to ask if your platform will be used worldwide and if yes, how are you going to deal with regulatory issues in each country ? Thank you.

Hello,

DEPO Platform will be used by Lenders and Borrowers worldwide. The regulation matters in each country will be a responsibility of every Lender himself. This is why Depository Network will not be burdened neither with regulation issues, nor with data storage. We are providing a white label solution for Lenders which means they can benefit from DEPO Patform and at the same time rebranding it as their own.

[Nasivini67]

Hi, I have long wanted to find such a functional service. Only confuses the fact that you have 2 creditors why so little?

[Imhotepp]

Hi, I have long wanted to find such a functional service. Only confuses the fact that you have 2 creditors why so little?

Hello) this project is quite new) so there are still few creditors, before the ICO launch there are 2 days left, soon the project will begin to progress )

[UnIvErS]

I understand that here you can become a lender and give people a loan cryptocurrency? Very interesting proposal, but I will learn a bit more about the project to become a member

[NeRoX82]

 I understand that here you can become a lender and give people a loan cryptocurrency? Very interesting proposal, but I will learn a bit more about the project to become a member

[DepositoryNetwork]

Hi, I have long wanted to find such a functional service. Only confuses the fact that you have 2 creditors why so little?

Hello there,

We are constantly negotiating with projects which want to list their coins/tokens in DEPO Platform as well as with Lenders that want to use it to reach a wider audience. This is just the beginning so stay tuned for our updates and regard all the evolution that will gradually happen.

[upvell_13@]

 I think many users will like this offer. It is very simple to pledge Shares or other things to get a loan

[Razhabov]

I think many users will like this offer. It is very simple to pledge Shares or other things to get a loan

I agree, but about the project still need to learn a lot. What % will need to be paid and other issues

[RogGger]

Hello) I have long wanted to invest in something interesting, a friend at work advised me this project, but I doubt its safety

[Garag]

Hello) I have long wanted to invest in something interesting, a friend at work advised me this project, but I doubt its safety

Hello) as for me it is a very progressive project with an interesting idea, which is sure to make a profit in the future. And the security here is very good

[CeNaToP]

Hey, I haven't seen anything like this in a while. You know how to interest people) and this is one of the main rules of a good project)