A. DAGT Project Focused on Service to Blockchain Asset Holders
Since 2017, blockchain assets have been developing at home and abroad. According to data from coinmarket.com, the total market value of blockchain assets in 2017 was approximately USD 600 billion. Although there is a huge gap between the value of digital assets and the global market value of gold and common stock, digital assets are already 20 times the value of the previous three years.
Although many enthusiasts predict that the market value of blockchain assets may decline, based on the huge gap between blockchain assets and the market value of gold and common shares, they are still convinced that the long-term direction of digital assets needs Regulatory compliance to ensure further development. However, for many current digital asset holders, during the period when the value of blockchain assets is increasing, certain digital assets are locked into smart contracts to obtain liquidity for part of their funds. This needed liquidity makes daily shopping, tourism and other consumption possible. We can enjoy the added value brought about by the rise of digital assets, and this kind of demand is constantly expanding.
Recently, the Digital Assets Guarantee Token (DAGT) project (www.dagt.io) was launched by a non-profit foundation in Singapore (Granddream), to solve this problem for digital asset holders. DAGT utilizes Ethereum and smart contract technologies to successfully create the first decentralized digital asset credit platform. On the one hand, the digital asset holders who meet the capital requirements are connected with qualified financial institutions who lend money. When digital asset holders have funding needs, they can use DAGT to lock their own digital assets into smart contracts. In the meantime, DAGT will issue corresponding credit qualifications. The cooperative lending institutions will provide appropriate financial services based on the credit qualifications.
Adopting the features of blockchain technology, DAGT has created a decentralized, transparent, tamper-proof, and distributed credit system. Through the distributed ledger, features such as asset transfer and storage are established. DAGT has redefined the value of the borrower’s digital assets. Meanwhile, built on the transparent and open smart contract of the Ethereum platform, DAGT, and financial institutions will realize the concept of decentralization and achieve a multi-win-win goal.
The year 2018 is the outbreak of blockchain technology. The application scenarios of blockchain technology in various industries will be “emerging”. The future of network security, securities trading, insurance, and logistics will all employ blockchain technology to completely subvert traditional business models. DAGT applies blockchain technology to the digital asset credit field and establishes a trusted distributed credit system with transparent information, efficient collaboration, and high-speed digital asset value transfer through blockchain technology and smart contracts. Digital asset holders can enjoy the added value of blockchain assets while gaining liquidity of their funds.
C. DAGT, a Platform Make Your Digital Assets Fly (Part 2)
First, the advantages for C-side digital investors:
Increase the liquidity of funds. Pledging a certain amount of digital assets can obtain funds from B-side compliance loan agencies and increase the liquidity of individual funds and value of digital assets which are used for investment, financial management, daily consumption or travel.
Increase the security of digital assets. “Blockchain +”, as the underlying technical structure of fintech, realizes the centralization of credit verification, transaction data that cannot be tampered with, capital circulation as well as financial transactions and transparent risk management.
Increase the long-term stability and security of digital assets (avoid forced close positions from exchanges). When using leverage to invest in digital exchanges, you may be forced to close your position because of a substantial shock in the prices of your digital assets, non-fulfillment of your additional bond obligations, irregularities in policies, or temporary changes in trading rules. The DAGT platform can help you avoid the losses. DAGT provides fund services to digital asset investors with a lower digital asset/liability ratio, boosting investor confidence in the risk of large market price shocks. In the meantime, according to investors’ needs, DAGT can promptly carry out currency-taking operations to ensure the stability and security of long-term digital asset holdings.
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 token 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.
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.
Official website: http://www.dagt.io
Twitter： https://twitter.com/DAGTofficial
Telegram：https://t.me/DAGTofficial
Bitcointalk Username: Nexjr14
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=1589980;sa=summary
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