Debitum is live and open for all users. Try Debitum right now!

What Is Debitum

Small businesses often face difficulties and closure due to lack of access to easy credit and cash flow issues. Traditional banking fails to solve this problem because banks tend to lend to less risky and relatively bigger businesses in order to ensure safety of funds. Small businesses rarely have good financial management and are considered a risky investment for centralised banks.

Debitum Network is a borderless, small business financing network that seeks to solve this problem. It attempts to do so by creating a decentralised network that connects investors worldwide with under-banked small business directly. It allows easy access of funds and bridges the worldwide credit gap. It not only hosts borrowers and investors, but also hosts service providers involved in several steps of the banking process such as risk assessment, insurance and debt collection.

Useful DYOR Information

Today’s Date : September 17, 2018

CoinMarketCap URL : https://coinmarketcap.com/currencies/debitum-network/

Coin Name : Debitum (DEB)

Total Supply : 400,000,000 DEB

Circulating Supply : 194,445,716 DEB

Market Cap : $3,974,795 USD

Pre Ico Price : USD 0.1000

Ico Price : 1 DEB = 0.13 USD (0.00015385 ETH)

Tokens/Money Raised Through ICO : USD 6.80 M / 6000 ETH raised

Time Zone : UTC+02:00

White Paper : https://crowdsale.debitum.network/whitepaper

Token Type : ERC223

There is a mismatch between available capital and local businesses. Debitum solves this problem by launching its platform globally and effectively moving capital from developed countries to developing countries, where there is already a lack of trust in centralised banks. It uses cryptocurrencies which helps in dismissing all borders. Cryptocurrencies hold the same value anywhere in the world and simplify the use of this marketplace.

Through the implementation of Ethereum blockchain and smart contracts, Debitum has created a truly open global marketplace for alternate financing that will bridge the global credit gap. It eliminates the need for intermediaries causing the process to not only be faster, but also cheaper than traditional methods. It simplifies the borrowing process through its infrastructure. Each borrower creates an asset that is the amount being borrowed, the duration and the company details. The investor is free to browse these assets and choose one that fits his investing needs based on risk assessment, trust score and interest rate.

Key Principles

Community-Driven Decentralization

Traditional institutions are centralised and require trust to be placed in a single entity to protect transactions. Decentralisation allows for transactions to be conducted without depending on another institution. This means that an investor can be directly connected with a borrower. Debitum Network is a market maker where the relationship between investors, borrowers, and third parties is decentralised through creating ‘communities’.

Communities consist of various service providers and ‘institutional borrowers’ — alternative finance companies already serving SMEs that could attract more global investment and restructure their portfolio by using Debitum Network. Members of the community can be crypto or non crypto based. They are encouraged to participate because each transaction can help them earn a rating. Communities also have leaders that earn a fee through smart contracts. Leaders are thus motivated to develop and grow the community. Such organization provides a lot of freedom and ensures fast growth of Debitum Network.

These communities are, in a way, self governed and accountable to themselves. Inappropriate actions, or users who underperform will be required to improve their behavior or face being removed from the community. Unresolved problems can lead to frozen tokens or tokens being transferred to the affected party.

Hybrid Connecting Crypto and Fiat

Although cryptocurrencies allow a borderless, decentralised platform, they are still highly technical and haven’t been adopted by the masses yet. For this reason, Debitum Network functions using both crypto and fiat. Since crypto is not universally accepted yet and is only a legal currency in Japan, fiat transactions are presently most widely used.This is done to ensure that people with little to no knowledge of crypto are not scared away from the network. The network will include fiat facilitators, a role designated to take care of all fiat transactions and make necessary records on the blockchain using smart contracts. For now, Debitum Network will use crypto currency only for other financing cycle related fees and guarantee-like token freezes.

This hybrid approach allows us to combine the current state of business while building an ecosystem for the future. As crypto becomes more mainstream, Debitum Network is not opposed to have a long term vision of crypto only transactions. Debitum Network loans its tokens to users to motivate them to try its platform. This token, an ERC223 token, can be used to pay for transactions solely on the platform while fiat currency can be used as loan capital. This approach allows Debitum Network to be operational from day one and does not limit access to funds to businesses based on their currency.

Trust Empowered By Blockchain

As lending is primarily driven by trust in the borrower’s ability to repay, Debitum Network will ensure that all transactions will interconnect with trust arbitrage smart contract that will provide objective trust rating for each single counterparty as well as communities of counterparties. These contracts collect information on parties and produce a trust rating. This rating is then used by investors to evaluate and choose assets to invest in.

DEB Tokens Information

DEB tokens are used by both borrowers and investors. While borrowers use these tokens to pay for services on the platform, investors use these tokens to obtain services on the ecosystem. They are also used to serve as a guarantee for delivery of the service. They are used as a means to increase trust and motivation in communities. Their supply is limited, while their demand will keep increasing as the network becomes more popular. This will increase the value of each token. They are pure utility tokens. This means they can’t be burned or destroyed.

Smart contracts can also be built with custom properties based on these tokens.

Debitum Network has also launched a functional MVP which is an alpha solution for a secondary market for the product. It was developed based on financing requests of customers. Their platform, Abra 1.0 is now live. It can be used to get loans, achieve attractive returns on investment, and provide services like risk assessment, insurance and debt collection. The assets available are factoring, business loan, stock, guarantee and property. After the launch of Abra 1.0 in September, 2018, Debitum Network is working towards the first CEE Markets launch scheduled for December, 2018.

Their platform is helping small and medium enterprises solve their credit problems. Businesses that would previously have been forced to close due to lack of working capital and cash flow problems can now turn to Abra 1.0 and obtain funding from global investors. This global marketplace has established itself as a market maker in the alternate financing world.

Debitum Social Media Information :

Facebook

URL: https://www.facebook.com/DebitumNetwork

Likes: 19,158 Likers 19,934 Followers

How Many Posts / Updates In The Last 7 Days : 5 Recent Updates

Twitter

URL: https://twitter.com/DebitumNetwork

Followers: 8,008 Followers

How Many Tweets / Retweets In The Last 7 Days : 6 Recent Retweets/Tweets

Telegram

URL: https://t.me/joinchat/G6KFmURKsu0FIfJetJ3mOA

Users: 11,607 Members

Telegram Admins

User Name: @mliberts — Martins Liberts | Debitum Network

User Name: @mmackevicius — Mazvydas Mackevicius

User Name: @donatasj — Donatas Juodelis — Debitum Network

User Name: @justasdeb — Justas Šaltinis — Debitum Network

User Name: @elllze — Elze Atroskeviciute

User Name: @jacknieve — Jack Nieve/Snow

User Name: @elbeardo — Luc O

User Name: @Hoaxr — Bart

User Name: @Povelauskas — Mantas Povelauskas

Reddit

URL: https://www.reddit.com/r/DebitumNetwork/

Readers: 419 Readers

Youtube

URL: https://www.youtube.com/channel/UCKWNaiGaJ2XfuDT1gRM7soA

Subscribers :1130 Subscribers

Medium

URL: https://medium.com/debitum-network

How Many Updates In The Last 7 Days : 3 Recent Updates

LinkedIn

URL: https://www.linkedin.com/company/debitum-network/

Followers: 393 Followers

How Many Updates In The Last 7 Days : 3 Recent Updates

GitHub

URL :https://github.com/debitum

How Many Updates In The Last 7 Days : No Recent Updates

Extra

BitcoinTalk URL: https://bitcointalk.org/index.php?topic=2321064.0

Staff / Team Info :

Name: Mārtiņš Liberts

Title: CO-FOUNDER / VISIONARY

Bio: Well established executive and entrepreneur with deep insight in technology, finance, and the future.

LinkedIn: https://www.linkedin.com/in/mliberts/

Extra Links: https://www.linkedin.com/in/mliberts/

Name: Donatas Juodelis

Title: CO-FOUNDER / PARTNER RELATIONS

Bio: Global networker making strong connections worldwide and having the ability to inspire individuals joining the cause.

LinkedIn: https://www.linkedin.com/in/donatas-j/

Name : Justas Šaltinis

Title : CO-FOUNDER / FINANCING OPERATIONS

Bio: Successful Certified CFA with an established track record in creating alternative financing eco-system.

LinkedIn: https://www.linkedin.com/in/justas-%C5%A1altinis-cfa-57a93714/

Extra Links: http://www.saltinis.eu/

http://feeds.feedburner.com/saltinis

Name: Mažvydas Mackevičius

Title: TECHNOLOGY LEAD / BLOCKCHAIN TECHNOLOGY EXPERT

Bio: Certified enterprise architect with deep experience in development of secure and scalable financial and global solutions.

LinkedIn: https://www.linkedin.com/in/mazvydasmackevicius/

Name: Andrius Bilinevičius

Title: Front End DEVELOPER

Bio: Passionate front-end developer focusing on user experience and design, continuously improving his clean coding and deployment automation skills.

LinkedIn: https://www.linkedin.com/in/andrius-bilinevi%C4%8Dius-563199110/

Name: Gabriele Lipniute

Title: Head of Customer Experience at Debitum Network

Bio: To sum up, two things: entrepreneurship passionate and innovation enthusiast.

LinkedIn: https://www.linkedin.com/in/lipniute/

Name: Vytautas Zilenas

Title: Content Manager

Bio: I work as a Content Manager in a fin-tech company Debitum Network.

LinkedIn: https://www.linkedin.com/in/vytautas-zilenas-056393166/

Name: Artur Černiavskij

Title: Frontend Developer

Bio: Web Application developer responsible for developing client side, also with back-end Java and Node.js experience.

LinkedIn: https://www.linkedin.com/in/arturhtml/

Name : Vytautas Jočys

Title: Senior Software Engineer

LinkedIn : https://www.linkedin.com/in/vytautas-jo%C4%8Dys-a07296100/

Name: Mantas Povelauskas

Title: Chief Marketing Officer

Bio: Seasoned marketing specialist. Strategic and planning marketing manager. Data focused. Public speaker.

LinkedIn: https://www.linkedin.com/in/povelauskas/

Extra Links: https://twitter.com/povelauskas

Name: Elze Atroskeviciute

Title: Community and Customer Experience Manager

Bio: I am a strong-willed, persistent, analytic and sociable individual, who has abilities to learn quickly and adapt to diverse situations.

LinkedIn: https://www.linkedin.com/in/atrelze/

Name: Eimantas Valancius

Title: Management Associate

LinkedIn: https://www.linkedin.com/in/eimantas-valancius/

Name: Elena Kakariekaitė

Title: Events and Communication Specialist

Bio: I’m a marketing specialist with more than 6 years’ experience in marketing and advertising project management.

LinkedIn: https://www.linkedin.com/in/elenakakariekaite/

Name: Nikita Inzhevatov

Title: Country business development manager

LinkedIn: https://www.linkedin.com/in/inzhevatov/

Name: Mertcan Coskun

Title: Market Analyst

LinkedIn: https://www.linkedin.com/in/mertcan-coskun-08b383124/

Name: Alan Daniel Ghebresillasie

Title: Community Manager Italian Channel at Debitum Network

Bio: “FAIL FORWARD” Italian Student attending banking&insurance in Università Cattolica del Sacro Cuore, Milan. Academic English, spoken and written.

LinkedIn : https://www.linkedin.com/in/alan-daniel-ghebresillasie-34a470136/

Name: Tomas Balčiūnas

Title: Graphic Designer

LinkedIn: https://www.linkedin.com/in/balcitom/

Company Address:

Vilnius, Vilnius

Ulonų str. 5, Vilnius, Vilnius 08240, lt