Debitum Network is an innovative hybrid ecosystem for small business financing - utilizing Ethereum blockchain based process together with principal and interest moved using fiat. This ecosystem based on decentralized and motivated communities brings together SME borrowers, local and regional risk assessors, debt collectors, insurers as well as global investors with interconnected trust-based smart contracts.
Debitum is an existing business in alternative finance for 3+ years. There is a global credit gap for SMEs of more than $1.5 trillion worldwide. We want to disrupt and revolutionize this by creating a new ecosystem - Debitum Network. It will be a blockchain and trust based ecosystem joining various players (investors, risk assessors, document validators, insurers etc.) to complete end-to-end financing loop for SMEs.
It is very important to have a process based solution here as only such approach allows for a mix of local / global players to close the financing gap, earn money on their services and provide needed juice for SMEs growth and development. Traditional finance institutions are failing hard on this issue for ages - it is time we take it in decentralized hands and solve.
the project is contingent on the development of local or regional counterparties, i.e., verification, risk assessment, insurance, debt collection etc.
I do not believe this to be a viable model, especially in economically depressed or developing countries.
Crowdsale hard cap is set at 50 000 ETH, the funds needed to develop Debitum Network to a full production version. I do not believe this ico will raise $23mil usd.
Team needs improvement
Not too familiar with the team. Small business financing could use more transparency and I look forward to seeing what Debitum Network is able to accomplish. Good Luck!
- Another blockchain "financing service". This area is highly competitive and I can name at least 7 or 8 "crypto financing" projects that I came across recently. Majority of them work in B2B areas;
- Weak marketing video. The problem and solution is not described properly
- Small team but strong advisory board including CO-FOUNDER of BANCOR and good legal team. Solid 3/5
- Solid and well-done white paper with details about technical product and business model
- Clear and solid token economics
- Didn't find any significant competitive advantages in compare with other projects.
Team need improvement, business efficiency is not clear
So many similar products on the market. How do you expect it to be successful? I really don't understand.
The team is good so they deserve 4 points but can't say the same for vision and product. 2 points for those...
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.