OVERVIEW

DEPOSITORY NETWORK is the world's first decentralized multi-platform collateral network which combines traditional lending and blockchain technology, giving access to lenders such as peer-to-peer lending marketplaces, banks, credit institutions in using digital assets as a means of collateral. A digital asset is any text or media that is formatted into a binary source and includes the right to use it. The platform allows all lenders worldwide to enter into the crypto world, Improve the liquidity of 100 million crypto holders and also support many cryptocurrencies and tokens.
Depository network aim is to build and spread the DEPO multi-platform network worldwide and to reach a tipping point for mass adoption using blockchain assets (accepting digital assets as collateral) than the traditional lending method.

WHY DEPOSITORY NETWORK

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DEPOSITORY NETWORK BENEFITS

Independent service provider
Digitals asset is retained by lenders customers
High tech infrastructure
Provision of full support and other execution
The use of DEPO enhances cost efficiency

CHALLENGES

Lenders are unable to accept digital asset as collateral which may results in a locked financial value for a market with huge financial capitalization.
Impossible for lenders and private companies to create their own depository.
Digital asset owners are not able to use, deposit or liquidate their asset.
Digital asset does not have the necessary liquidity and owners must sell these assets to take advantage of their value

SOLUTION

To ensure third-party transparency, keys are kept by the borrower, lender, and DEPO ensures no party acts at its own discretion.
Transactions are executed securely by the use of cryptographic multi-signature wallet in storing digital asset.
Lenders can build their own depository on DEPO and start accepting digital asset as collateral.
Institutions are allowed to build independent depositories within the system with its decentralized method of lending.
To receive a loan from lending institutions, assets are to be pledged by owners of digital asset as a collateral.

TOKEN INFORMATION

TOKEN PRICE WITHIN ICO IN USD
TOKEN PRICE: 0.02 USD
PRESALE: 0.005 USD (75% DISOUNT)
ICO FIRST STAGE: 0.01 USD (50% DISCOUNT)
ICO SECOND STAGE: 0.015 USD (25% DISCOUNT)
ICO THIRD STAGE: 0.02 USD

ICO CAP

SOFT CAP: 2.6 MILLION USD ($2,600,000)
MID CAP: 6.8 MILLION USD ($6,800,000)
HARD CAP: 15 MILLION USD ($15,000,000)

USE OF FUNDS

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TEAM MEMBERS

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ADVISORY BOARD

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CONCLUSION

DEPO decentralization has initiated a means of secure peer to peer lending of the digital asset and a more secure way of lending loans on the cryptocurrency blockchain. A platform that can be used by anyone who owns a digital asset with all records encrypted in the database. With DEPO decentralized and secured means of giving loans by the lenders, borrowers are safe.

ARTICLE WRITTEN BY MICKEY OBERABOR
TELEGRAM USERNAME: MICKIEZ
ETH ADDRESS : 0x77F684b6E0359210527046cC592A24D60cBD8f5a

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DEPOSITORY NETWORK: LENDING IN A NEW TREND