I oft trundle at the fact that saving and investing pennies is a mere sham. For I know, the petty interests and dividends I would be receiving after incessant layers of risks and a long schedule of burying my money. I would then again be taxed on the interest and dividends as if these activities accounted for some kind of fine or penalty. Spending every dime of my hard earned money into unnecessary indulgences or infinite shopping sprees cannot be a rational choice either. Should there be a medical or financial emergency, it would be against my wit to beg for loans or borrowings. Should I dig up the earth and bury my savings into a pot! I would be saved from taxes, devoid of interests but the government authorities might be siding me for the next income tax raid! Alternatives to mainstream sources of investment are fledged in the market but whom to believe and what to go after is still a Sherlock Holmes' mystery for me. Also, a spurt in frauds and mishaps faced by private investors at the hands of chit funds and others dissuades me further. These options are most of the times offline, opaque and secretive in their approach. Most of the time they fall out due to the distrust and insecurity, complex and evolving regulations and other such problems with the Alternative investment industry. The industry has several attributes including artifacts, wines, bonds, stocks, real estate and much more.
Taking into account these inefficiencies, DarcMatter,
- Awarded as top Fintech platform
- With over 1300 investors(institutional, advisors and individuals)
- Having 150+ funds on the platform
- And boasting of an award-winning team
Aims to use a NEM based blockchain technology (well suited for financial services) to base its platform on proof-of-importance and provide transparent and efficient alternative investment opportunities.
The platform uses NEM blockchain that takes into account the number of tokens and transactions undertaken by an investor on the platform to incentivize only those with a vested interest to get hold of the token. This is called as proof-of-importance as opposed to proof-of-work, POI grants additional value to the token holder based on the amount of token held and level of transactions undertaken within the platform.
The global platform is already operational and has won several accolades and awards to his name. The benefits it will offer include the following:
- The platform aims to bridge the gap between the banking and financial services to provide a common link with feasibility and scalability.
- It will provide transparency of transactions being based on NEM blockchain
- It intends to be the technological relief to the harrowed investors from cumbersome regulations and stagnant industry practices.
- It will be based on smart contracts and decentralized infrastructure.
- The services will be available at a nominal fee with reductions in costs.
- It offers a level of discretion and privacy to its investors that is required to transact financially.
- The transactions are quickly verified on the DM platform to eliminate any security and privacy risks.
- It will provide an alternative fund marketplace transaction tool that will allow for consummation, servicing and secondary sale of an alternative investment.
How does it work?
The fund manager lists fund profile on DarcMatter, the contract terms are stored in the distributed ledger, the smart system searches for matches based on specified metrics, investment is secured after being viewed and approved by the prospective, escrow is used to provide additional security and a small portion of the DMC stake is paid to the verifying singularity node.
DMC token and ICO details:
DMC token will be used to initiate smart contracts on the platform. It will further utilize the token holdings and transactional value to further create scalability and value for the investors. A total of 1,000,000,000 tokens will be issued out of which 50% will be up for sale in the ICO. The private sale started on 31st December 2017 to last up to 28th February. The public presale began on 22nd March 2018. The Crowdsale initiated on June 15 and is live right now. Each token holds a value of $ 0.20.
Concluding Verdict:
The platform is already operational for the last three years backed by an expert team of advisors and management. As such, it has several awards to its name as it serves some of the major clients in the alternative financial investment segment. The users can be assured about the feasibility and transparency of operations. The investors are sure to get benefitted due to the value added by POI. The tokens are double delights and tradable in secondary markets with the accessibility tool again provided by the platform itself. DarcMatter is sure to change how things are run in its arena.
For more details visit:
Website: https://dmc.darcmatter.com/
Blog By: Lanirm Knayam
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1308391