Depository

Category: InfrastructurePlatform
Sale starts
Jun, 26
Sale ends
Dec, 15

About

Multi-Platform Collateral Infrastructure

Depository Network is the world`s first multi-platform network enable lenders (P2P lending marketplaces, banks, other credit institutions) to accept digital assets as collateral. More than 50,000 banks, sub-prime lenders, consumer finance companies, crypto lenders and P2P lending platforms all over the world. Our goal is within 7 years to reach 5 % penetration in global lenders market. Depository Network will provide secure decentralized crypto asset collateral system on which can be build hundreds of collateral depository platforms. This way, every owner of digital assets, holding coins or tokens supported by Depository Network, can pledge his assets as a collateral and receive a loan from a number of lending institutions. On the other hand, any lender, all over the world, will be able to build its own depository on Depository Network and start accepting digital assets as collateral. Thus, every lender will keep the collateral assets in separate independent depository. All lenders define own terms for accepting, control and release of the collateral. Loans will be provided independently from the Depository platform, in any currency supported by the respective lender. To ensure the full security of our platform we use cryptographically secure multisignature wallets to store the assets, and smart contracts to execute the transactions. The borrower (owner of the assets) is always one of the key-holders whose signature is required to perform a transaction. Keys are kept also by the lender and DEPO so that none of the parties can act on its own discretion. Three, four ot five multi-signature wallets will be used depending on the amount of collateral. There will be two types of collateral smart contracts: 1. DEPO Smart Contract - with no middleman. It will be fully integrated with the lender’s API and and will be triggered by an event such as a payment, missed payment, contract termination, etc. It will be created for assets issued on platforms such as Etherium, EOS, Cardano, Qtum, Lisk, Aeturnity and others containing smart contracts. 2. DEPO Escrow Contract - Locked with minimum three signatures - one for borrower, one for lender, one for DEPO. DEPO collateral contracts will be used for digital asstets (coins and tokens) without smart contract support. The current pledge registers are strictly centralized state structures maintained separately by each country. Depository Network will overtake these functions from the state and provide them to the businesses. This will greatly boost the cross-border nature of the credit economy.

Contacts

Depository Network

Milestones

  • 2017 June
    Concept Definition.
  • 2018 March
    Team Formation, Preparations.
  • 2018 June
    First Prototype DEPO.
  • 2018 July
    Private and Public Pre-sale, ICO.
  • 2018 August
    Alpha Release DEPO.
  • 2018 November
    Beta Release DEPO.
  • 2019 March
    Official Launch of DEPO.
  • 2019 December
    Users: 10 P2P lending platforms and 50 non-bank lending institutions.
  • 2022 October
    Users: 50 P2P lending platfirms, 100 banks and 500 non-bank lending platforms.
  • 2025 December
    Users: 800 banks and 1500 non-bank lending institutions.

Financial distribution

50% Pre-Sale; ICO
26% DEPO Reserve
12% Air Drop, Bounty, Advisor
12% Team, Founders

Team

Board of directors

Svetoslav Dimitrov
CEO & Co-Founder
Delyan Nikolov
Co-Founder & Chief Strategy Officer
Valeri Valtchev
Co-Founder & Business Development
Petar Markov
Co-Founder & Marketing

Advisors

Giovanni Casagrande
Advisor
Dimitar Ivanov, PhD (Law)
Legal Advisor
Konstantin Djelebov
Technology Board Advisor
Ivo Gueorguiev
Advisor
Jos Uitdehaag
Advisor
Jason Hung
Advisor
Waqas Khan
Advisor
Filip Lyapov
Advisor
Kapil Sharma
Business Development & Strategy
Hans Choi
Advisor

Team

Dimitar Kostov
Technology Board Member and Investor
Martin Kuvandjiev
Technology Board Member
Guergana Stoichkova
COO
George Spassov
Blockchain Architect
Nick Todorov
Blockchain Developer
HK Seol
Community Manager

ICO information

Token information

Dates and stages

Ratings and reviews

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Depository

Category: InfrastructurePlatform
Sale starts
Jun, 26
Sale ends
Dec, 15
TokenDesk rating
8.0
Reviewed and rated by
0 experts|0 members
Scanner
8
Scanner
8
Platform
Ethereum
Token
DEPO
Token value
0.01 USD
Hard cap
15 000 000 USD
Payments
Bitcoin Ethereum Litecoin

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