Friends - have you taken a loan or deposited money for a long time? I am sure that many of you have faced many problems in this area, such as increased lending rates, unjustified refusals to approve loans, or re-filling out various forms and tests to confirm your personality. All these problems are caused not by the developing banking sector, which has long needed to be updated.
I want to tell you about the prospects of a company like Distributed Credit Chain, which you probably heard about. At least if you follow the promising ICO, then you should know that this company has successfully conducted its sales and collected a hardcap, which is almost 49,000,000 dollars. DCC tokens are already traded on some exchanges, but for us the main thing is not this, but the fact that the Distributed Credit Chain (DCC) platform is a unique solution to the existing financial problems and has all the necessary tools for connecting innovative blockchain technologies and the financial world. Decentralization is ready to provide safer, faster, innovative methods when working with financial instruments, such as issuing a loan, mortgage, insurance or opening a deposit. And for each user it will be much more profitable than in the existing centralized system of financial services with a single center.
Features of DCC
In this article, I want to tell you about what allowed this company so successfully to pass ICO in such a short time and on such a bear market. You just look at how hard companies collect money today when everyone from the investor to the long-term holder protects their assets and waits for the market to rise.
Idea
Of course, the most important thing in conducting any ICO is the right and necessary idea. You may have the best team and partners, but if the idea is not needed by society, then such a company will not last long. In DCC with the idea of everything perfectly - replacing the tree-like banking hierarchy on a flat decentralized system is a great solution. With a full implementation of this idea, each market participant will remain in the plus.
Investors' interest
It is important for every investor to be interested in buying tokens. The purchase will be justified if these tokens can be profitable to use on the platform or later sold at a more profitable rate. The company should recommend and interest potential investors. In the case of DCC, investors were interested in an excellent idea and the growth of tokens in the long term. Investors were ordinary people, as well as investment funds and other companies.
The growth of the DCC token price is explained by the fact that the platform's viability depends directly on this token, so the token will be used in the relationship between credit borrowers and credit institutions. Also, when applying for a loan, 2.5 percent of the amount will be converted into a daily pool, which will be evenly distributed among those who pay on time.
Team and advisers
No one will invest in an unknown team. DCC has in its ranks serial entrepreneurs, professors, economists, IT and blockchain specialists. In the team, there are Stewie Zhu, Stone Shi, Dr. Daniel Lu.
The ranks of the advisers are impressive, there are such names as Yu Chen, Ming Yao, Zhiwu Chen, Matthew Chang and Henry Cao. At Henry Cao I want to stay in more detail and tell what kind of figure it is. Henry Cao is a renowned economist in the financial world, professor of UCB and UNC and chief designer and creator of the new generation of blockchain Usechan. Usechain is a fundamentally new blockchain that uses a completely new consensus algorithm called RPOW. RPOW works on the principle of random selection of persons to verify consensus. More details about Usechain you can see on the link. In theory, you can use the Usechain and DCC associations, since users of both of these systems will go through KYC and have the ability to interact with each other.
Partners
The list of partners is great and continues to grow every day, so among partners such brands as:
- DATA is a blockchain-based digital authentication protocol that uses artificial intelligence and P2P Mobile Storage;
- JUZIX - the first universal complex blockchain open service platform;
- Newtonproject - is an infrastructure based on the protocols of the economy through which everyone can benefit from economic growth;
- Usechain - blockchain of the next generation, able to solve the problems of limited performance, remove restrictions built on technical thresholds and reduce the promotion of crime in existing systems;
- MLG - is a company of block experts that help to determine the prospects for the development and implementation of blockchain in existing systems;
- Datawallet - is a versatile digital wallet that can combine your data from different platforms in one place;
- Plugandplay - is a universal company that helps unite successful start-ups with global corporations.
Road map
Work on the test part of the platform is in full - DCC Explorer has already been launched, a test network with more than 5 services, such as loans, contracts, declarations and risk management. In the third quarter of 2018, our own API for the distribution of the credit network and the introduction of the credit market in Indonesia. Also by the end of the year, it is planned to implement the system in Vietnam and other countries, which will be ready for this.
Conclusion
As you can see, this company for so quickly gathered hardcap and now successfully develops its platform. DCC is really the highest level and professionalism from start to finish. In turn, I'm very happy that such projects are born and begin to benefit people. As you know, I want the new technologies to be implemented as soon as possible and the development of our society does not stand still. And the company DCC just goes this way, against the existing financial system and is preparing a large-scale offensive on the banking sector with its imperfection and injustice.
I have no doubt that this platform will not only function in the market but will constantly develop and provide its services to a wider range of people, which in turn will have a positive impact both on the welfare of the participants themselves and on the growth of the DCC token, whose capitalization to date is only $ 28,503,000. Thank you for your attention friends - All the best to you!!!
Official site - https://dcc.finance
White Paper - https://dcc.finance/file/DCCwhitepaper.pdf
Twitter - https://twitter.com/DccOfficial2018/
Facebook - https://www.facebook.com/Distributed-Credit-Chain-425721787866299/
Telegram - https://t.me/DccOfficial
Author:
Bitcointalk - lesnik_utsa
Telegram - https://t.me/lesnik_baunty
This publication is informational in nature. The article should not be seen as an investment recommendation or advice. Readers of this review article must make decisions based on their own judgments, taking into account financial circumstances, investment objectives and the risk limit before investing funds