Make your digital assets fly! The market value of cryptocurrencies represented by Bitcoin has grown in recent years. According to statistics from Coinmarketcap.com, the global currency market capitalization of digital currencies has reached USD 600 billion as of December 2017. As more and more countries begin to recognize digital assets and blockchain technologies around the world, the use of digital assets will continue to grow. Digital assets are expected to become one of the greatest human assets in the near future, and everyone has the opportunity to become a holder of digital assets and investors. This will be a revolutionary change in the history of human currency.
Under this environment, many people expect to make their digital assets safer, more liquid and at the same time looking for greater Return on Investments (ROI). In everyday life, many people get funds through banks, credit cards, and online loan platforms to improve their money circulation. In the era of blockchain, there are new ways to improve asset liquidity and improve return on assets. The solution is DAGT.
- What is a DAGT project?
DAGT, kependekan dari Digital Assets Guarantee Token (www.dagt.io), adalah platform kredit collateralization aset digital yang dibangun di atas teknologi Ethereum dan smart contract. Didirikan oleh Singapore's nirlaba Foundation (GRANDDREAM), DAGT bertujuan untuk memanfaatkan teknologi blockchain untuk membangun sistem jaminan transparan, efisien dan terdistribusi yang membuat aset digital mengalir dengan cepat. Di seluruh ekosistem, pengguna kredit dapat membayar biaya layanan kredit dengan menggunakan "DAGT" atau aset digital lainnya, sehingga memperoleh layanan keuangan yang disediakan oleh lembaga keuangan yang bekerjasama dengan proyek DAGT.
- Who does DAGT serve?
DAGT provides blockchain and financial services for three categories of people: (1) C-side digital investors; (2) DAGT token holder; (3) The financial lending institution in accordance with the B-side.
The process that must be done by C-side digital asset investors on the DAGT platform to obtain liquidity from their digital assets:
STEP 1. Credit applications
Register and apply for loan credit qualification
STEP 2. Credit information
Users must enter their credit information
STEP 3. Lock the smart contract
Send digital assets to the wallet under smart contracts
SETP 4. Letter of credit made and loan approved
DAGT creates letters of credit, and letters that comply with the letter B approve the loan. Credit agencies that cooperate with DAGT will distribute loans to banks in accordance with credit qualifications and basic information.
First, the advantages for C-side digital investors:
Increase fund liquidity. Ensure that certain digital assets can obtain funding from B-side compliance lending agents and increase the liquidity of individual funds and the value of digital assets used for investment, financial management, daily consumption or travel.
Enhance the security of digital assets. "Blockchain +", as the underlying technical structure of fintech, realizes the centralization of credit verification, non-destructive transaction data, capital circulation as well as transparent financial and transparent transactions.
Increase long-term stability and security of digital assets (avoid forcing close positions from the exchange). When using leverage to invest in a digital exchange, you may be forced to close your position due to a big surprise in the price of your digital assets, non-fulfillment of your additional bond obligations, policy lapses, or temporary changes in trading rules. The DAGT platform can help you avoid these losses. DAGT provides funding services to digital asset investors with a lower digital asset / liability ratio, increasing investor confidence in the risk of large market price shocks. Meanwhile, in accordance with investor needs, DAGT can immediately conduct currency extraction operations to ensure the stability and security of long-term digital asset ownership.
Second, the advantages of DAGT token holders:
Value-added benefits: When DAGT is listed on the exchange, you can get some value-added benefits.
Dividend Income: In the DAGT project operations process, dividend income will be distributed in accordance with certain proportions and time.
Fund service: DAGT tokens are valuable in their own right. Users pay for credit facilities through the use of DAGT tokens for funding services provided by financial institutions that adhere to the DAGT project. (There are already some CFL partners as of now).
Third, the advantages of CFO on the B-side loan:
Qualified borrowers: Currently, the digital currency in circulation has reached as high as USD 200 billion and a large number of people hold cryptocurrency. For banks, small lending companies and online lending institutions, trust relationships and rigorous information review mechanisms are needed to build credibility with borrowers, such as reviews of identity information, academic information, credit information, social relationships, private housing, and vehicle information. However, the basis of trust is not solid. In blockchain, you do not need to trust a partner. When borrowers need a funding service, they can verify with DAGT and get a credit certificate, which can be verified by any lender. By using digital asset features and blockchain technology, DAGT provides lenders with quality borrowers and an improved risk control system. When the borrower fails, the smart contract will be triggered to protect the lender.
Increase the rate of return. Research shows that holders of digital assets generally have higher pursuing yield characteristics with higher risk. DAGT will screen out B-side compliance borrowers for high-quality borrowers who can afford higher interest rates.
Security of repayment. DAGT has opened an API interface with some of the world's leading digital asset exchanges and uses the features of decentralized and non-blockade blockchain to enable fast stop-loss even in the face of extreme risk. In addition, DAGT uses smart contracts to prepare security and deposit reserves when working with a compliance lending financial institution. When the value of the promised digital asset can not cover principal and interest, DAGT will initiate a smart contract to pay with a two-tier deposit.
Summary
According to a research report published by Morgan Stanley, the global online lending market will reach a total of USD 150 billion by 2020. Major countries include the United States, Britain and China. At the same time, with the maturity and development of blockchain technology, digital assets are an asset allocation approach for individuals and organizations. Utilizing blockchain technologies that are featured with decentralization, tamper proofing and transparency, digital assets are applied as collateral for the lending market to build strong trust relationships between C-side digital asset holders and B-side compliance financial institutions. This is a huge and promising market that DAGT does. DAGT token holders have the opportunity to generate significant benefits through online trading and long-term ownership.
The DAGT Platform plans to launch private and public ICO soon, please keep up. If you are interested, please contact us: [email protected].
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Source: https://cryptorecorder.com/2018/03/29/dagt-makes-your-digital-assets-fly/
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