Who wants to grow his business often needs a solid capital to do so. For small and medium enterprises that is not always available and getting a loan takes a lot of time and effort. In addition, many companies worldwide do not even have access to banks. Debitum wants to change that situation and introduces a new way of financing companies.

Debitum

What is Debitum?
In its whitepaper, the Debitum team makes clear what she thinks is the main problem in the current market for corporate financing: “In accordance with the World Bank’s review, approximately 70% of all micro, small and medium-sized enterprises in emerging markets lack access to credit. At the same time, the small and medium-sized businesses stratum is the most promising target audience for financiers.”

Debitum wants step into that market with a hybrid platform via which loans can be asked for and financed. Entrepreneurs who need a loan fill out an application on the platform. To limit the risk, the entrepreneur brings in a collateral. Worldwide, participants with fiat money can finance this loan for a predetermined period. Debitum has already built an MVP that shows how the platform will work and can be tried at their website.

Debitum is working on additional services that will be supported by the community. Debitum wants to offer all steps of financing. This means, for example, that in the future is has to be possible to insure the loans, and a verification and risk analysis must be provided through the platform.

What can you do with the token?
Debitum issues the Debitum token. This token can be used for two kind of things. First of all, it is the method via which participants can pay service providers for extra services such as risk management and verification. In addition, the Debitum token is used for trust checks. Participants are assessed and this will be recorded in smart contracts. The token is required for its use.

What does the roadmap look like?
Debitum has been active on the P2P loan market under a different name since 2016 and working on the Debitum-idea from the beginning of this year. The past few months have been used to develop the whitepaper and a proof of concept. Next month the ICO has to be completed, after which the development of the platform starts. In September of this year the 1.0 version of the platform must be launched within a number of pre-selected countries, after which the platform will be further developed. The developments include extra services related to the provision of loans.

Why this ICO?
This ICO is organized for two reasons. First of all, the Debitum token plays a role in the ecosystem of the platform and therefore must be brought onto the market. In addition, the development of the platform requires money and in this way Debitum tries to get this funding.

What are the details of this ICO?

Total coins issued 400.000.000 DEB
Coins at sale 240.000.000 DEB
Price 1 Ether get’s you at least 6500 DEB
Bonus No, but the number of DEB that you’ll get per Ether will decrease from a maximum of 7800 DEB to 6500 DEB
Dividend No
Data From January 25th untill February 25th


Video
In the video below, the Debitum team explains how the platform works.


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