Asset management is one of the core tasks of wealth management. People choose to invest in a diversified portfolio to reduce risks and maximize their profits. The change in the technology has enabled many surprising choices for the investors all over the world. Digital assets have become the latest tool for maximizing profit and long-term security of the wealth. Cryptocurrency is a digital currency which has emerged as the worthy alternative to the traditional currency.
The traditional credit management process is filled with inefficient procedures which force users to reveal personal information and submit credit reports. The complex web of traditional loan industry has to be solved with the help of blockchain technology. Do you think a new system can be designed which allows the transparent digital asset management and easy credit to the users of the world?
Solution Offered
DAGT is a decentralised platform which allows people to utilise their digital assets as collateral to access credits and loans in the industry. A new model of credit and digital asset evaluation is created using the blockchain technology. Smart contract technology is employed for security and transparency on the platform. The process of getting the loan on the platform is pretty simple. Anyone can register on the platform for getting a loan with a suitable credit portfolio.
Digital assets are then sent to the digital wallets using smart contract technology. The letter of credit is created depending upon the credit information. The loans can be granted to the users of the platform after verification of the credit information. The loans are repaid with the pre-agreed interest and the digital assets are transferred back to the user's account. In case of non-repayment of the loans, digital assets of the users can be sold in the marketplace. Credit service fee is charged by the platform from the users. 50% of the credit service fee is used for the loyalty rewards.
The key players in the DAGT ecosystem are the credit users and the loan agencies. Digital asset Automatic Trading System (DAAD) is utilised by the platform for selling the digital assets. This connects to the digital asset exchange where the assets are sold. The platform works as a bridge between these two entities and provides all the necessary tools to enable a seamless and transparent credit program. 40% of the DAGT Tokens are locked into the risk deposit and it will be used in the emergency situations.
ICO INFORMATION AND TEAM
100 Million DAGT Tokens are created for the project. The token presale is currently live on the platform until 30th April 2018. 45% of the funds will be utilised for the core development while 25% of the funds will be used for the marketing of the platform. The team is experienced in the entrepreneurship, financial management and blockchain technology.
Conclusion
People have accepted it in many parts of the world. There is no centralised authority which issues this currency. The opportunities for lending and investing in the cryptocurrency has huge potential. The increasing market capitalisation is a proof that people believe in the power of cryptocurrency. The digital assets can become the next alternative for the traditional lending and invest industry.
As the digital assets market expands in the world, people will realise the potential of it on the global scale. The blockchain technology is being used for multiple purposes in the financial ecosystem. What do you think about the features of this platform? Providing collateral in the form of digital assets is the concept presented by the platform. Will it succeed in the financial market?
Website: https://www.dagt.io/
Whitepaper: https://www.dagt.io/pdf/dagt_en.pdf
Author by: Hellokitty6
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