DAGT is a blockchain and investment company based in China that uses the Ethereum blockchain to allow holders to access their holding in an efficient manner and to make assets flow quickly.
How Does DAGT Work?
The DAGT system has been built using Ethereum technology, which the company considers to be one of the best blockchain technologies out there at the moment. The company has created a platform in which lending can be made in an easy way because it completely eliminates the need for trust in the process.
Have you ever heard of smart contracts? By using the Ethereum technology, the smart contracts are pre-determined and the blockchain only enforces them, which enables companies to completely overcome the need for trust. As smart contracts are self enforceable, there is absolutely no need for you to necessarily trust other people because you will receive your money.
Basically, the users can use their own holdings to gain access to credit. If they do not pay, there is no need for the people lending the money to worry about it because they might lose their assets and holdings via smart contracts. The assets have to be used via the blockchain for the users to get their credit.
The credit agencies are sure to also profit from this exchange because they can be sure that they will have their money back. The DAGT platform is then able to link the people who really need some liquidity for their assets with companies and entities that are interested in lending money but do not want to risk their money because they do not know very well if they will ever be paid.
Unlike many companies that promise to cut the middlemen, DAGT platform will be your middlemen for a whole new business: using your holdings to get lendings and get liquidity.
The DAGT Token Sale
The company is currently selling tokens. The pre-sale will last until April 30 and you can use ETH or BTC to pay for it, but you need to invest at least 100 ETH to be able to invest, so you have to be a big investor with a lot of capital or a member of an investment group to be able to invest in DAGT right now.
The company will be selling 100,000,000 tokens during the whole sale. The company did not announce the price of the tokens nor the date that the main sale will happen at the time of this report.
Second, the advantages for DAGT token holders:
Value-added benefits: When DAGT is listed on exchanges, you can get multiple value-added benefits.
Dividend income: In the DAGT project operation process, dividend income will be distributed according to a certain proportion and time.
Fund services: DAGT tokens are valuable in their own right. Users pay for credit facilities through the use of DAGT tokens for funding services provided by compliant financial institutions in cooperation with the DAGT project. (There are already several CFL partners as of now).
Third, the advantages of a B-side lending CFO:
Quality borrower: At present, the digital currency in circulation has reached as high as USD 200 billion and a large number of individuals are holding cryptocurrencies. For banks, small loan companies and online loan institutions, trust relations and strict information review mechanisms are needed to establish credibility with borrowers, such as reviews of identity information, academic information, credit information, social relations, personal housing and vehicle information. However, the basis of trust is not solid. In the blockchain, you do not need to trust a counterparty. When borrowers need funding services, they can verify with DAGT and get a credit certificate, which can be verified by any lender. Using the features of digital assets and blockchain technology, DAGT provides lenders with quality borrowers and enhanced risk control systems. When the borrower defaults, smart contract will be triggered to protect the lender.
Increase the rate of return. Research shows that digital asset holders generally have the characteristics of pursuing higher returns with higher risk. DAGT will screen the B-side compliance lenders for high-quality borrowers who can afford higher interest rates.
The security of repayment. DAGT has opened up API interfaces with several of the world’s leading digital asset exchanges and utilizes blockchain’s decentralized and non-tamper features to enable rapid stop-loss even in the face of extreme risks. In addition, DAGT uses smart contracts to set up a security reserve and deposit when working with compliance lending financial institutions. When the pledged digital asset value cannot cover the principal and interest, DAGT will initiate the smart contract to repay with a two-tiered deposit.
The DAGT Team
The founding team of DAGT is composed by Chris Chen (CEO), which is an internet entrepreneur; Leo Ding (CTO), which has a masters degree in computer science; Reg Zhang (COO), which has worked in several banks in China.
Other relevant members of the DAGT staff are Shirley Shi (head of global development), which has already worked in this position in other Chinese blockchain companies; Trenton Creamer (overseas marketing director); PeiLong Li (senior developer) and Hunryu Liu (risk manager director).
DAGT’s “international team” is made of Trenton Creamer (overseas marketing director), Aaron Madved (blockchain consultant) and Anton Camolins (blockchain consultant). Together, they advise the company’s CEO and work to enable the company to continue its expansion around the world.
The DAGT Verdict
This company definitely has a lot of potential if you look at its core idea. Smart contracts are really ideal for situations like this one because if people already “have”the money but not the liquidity, they do not have a problem anymore to access their own money, even if it is via lending by third parties.
Summary
According to the research report published by Morgan Stanley, the global online lending market will reach USD 150 billion in total by 2020. The major countries include the United States, Britain and China. At the same time, with the maturity and development of blockchain technology, digital assets are becoming an asset allocation approach for individuals and organizations. Utilizing blockchain technology featured with decentralization, tamper proofing and transparency, digital assets are applied as a collateral to the lending market to establish a solid trust relationship between C-side digital asset holders and B-side compliance financial institutions. This is a very large and promising market which DAGT is working on. DAGT tokens holders have the opportunity to yield significant benefits through both online trading and long-term holding.
The DAGT platform plans to launch a private and public ICO soon, please stay tuned. Should you have interest in it, please feel free to contact us: market@dagt.io.
For more details, please visit DAGT’s official website and keep following our social media platforms.
for more information:
https://www.dagt.io/
https://www.dagt.io/pdf/dagt_en.pdf
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