Distributed Credit Chain platform is a blockchain Based Decentralise financial service provider which aims to revolutionise the current financial services such as credit services, lending or loans giving to the public which have previously been monopolise by the elites in the society, also users data have always been in total control of the financial organisations. The DCC ecosystem will utilise a Decentralised peer to peer mechanism without giving high priority or consideration to the selected few, unlike the traditional financial service providers the platform will make loans and credit services open and accessible to all class of people and allow users to have control of their data.
Most businesses, firms and financial service providers centralised and monopolise this financial system and its services, restrain essential data and conceal useful financial related information while rendering service to the public. This unscrupulous action from these financial service providers usually leave the borrowers oblivious with enormous loan fee, superfluous surprising expense etc. This is the reason why distributed Credit Chain was built to Decentralise this monopolise financial system and create a mass accessible and transparent system.
Why distributed Credit Chain platform
Distributed Credit Chain is the world first public financial service ecosystem build on Blockchain technology which plan to tackle the current issue of the conventional financial institutions carried out by the finance related organisations and government. Distributed Credit Chain will also restore the utilisation of data and financial instruments to the public through the issuance of credit or loans With a Decentralised blockchain Base ecosystem and give data control to the public. However, the platform will try to revolutionised the current interrelation mechanism been practice in financial organisations and introduce a peer to peer Decentralised system that can operate among the parties involved.
Distributed Credit Chain platform will offer an easy interest rate and this can also be adjusted so it can be flexible and payable for the borrowers and this can be accomplished by permitting the users to choose the measures of cash that can be managed by them in terms of the cost or interest and the platform as the financial service provider, at that point proceed to take care of the borrower as indicated by his or her application.
Additionally, DCC works by making available various digital currency services to various individuals of different nation and race, it will incorporate various nations and encourage the development of multinational organisations of lending administration all inclusive at a more reasonable rate.
The platform, in addition to the above will make accessible a credit pool that will shape the aggregate reward with settled motivating rewards by gathering of a normal loan from the borrowers.
Advantages of the DCC platform
- The unique and tamper-proof identity system, The credit reporting system without data monopoly.
- Efficient, low-cost credit business system.
- Cross-entity, permanent data storage and shared creditor’s rights record.
- Asset securitization with excellent asset liquidity.
- Liberalized interest rate formation mechanism.
DCC platform is build on ethereum blockchain technology and works utilising the ethereum smart contract. DCC platform has a token called DCC token which is regarded as the engine that will power all the transactions within the DCC ecosystem. All the commission, transaction, and service cost or loan will be charged with the DCC token. As the project ico have been completed with success, the DCC token is already trading on some exchanges and can be bought on these exchanges like kucoin, BiBox, Dex and will be listed on more exchanges in the near future.
Worthy to note is the team and developers behind the great project. They are great professionals and experience individuals in the finance industry and they have really worked extensively and shown their talent and experience in making sure project come out successful.
The project really worthy to be part of and I encourage all the readers to invest in this project and be part of it.
The DCC token has a total supply of 10,000,0000,000 tokens and 18% was sold in presale, there was a token lock policy, 25% of DCC token was unlock before it was listed on exchange, 25% every two months for six months period. 200,000,000 DCC tokens was available for main sale.
ICO statistics
Total token supply____10,000,000,000
Token price___________0.05
Hardcap______________35,600 ETH
Softcap_______________14,500 ETH
Blockchain____________Ethereum Erc20
ICO start on 28th May 2018 and ended on 28th June 2018.
Roadmap
For more details about the project please visit the following links
Website http://dcc.finance/
Telegram https://t.me/DccOfficial
Bitcointalk thread https://bitcointalk.org/index.php?topic=4185316.0
Whitepaper http://dcc.finance/file/DCCwhitepaper.pdf
Twitter https://twitter.com/DccOfficial2018/
Github https://github.com/DistributedBanking/DCC
Medium https://medium.com/@dcc.finance2018
Written by ogbedi James
Bitcointalk username valentyzer
Telegram username @jamesval1
Bitcointalk profile link https://bitcointalk.org/index.php?action=profile;u=2173652