What Is Digital Credit?
Digital Credit is a decentralized credit community that is based on a new blockchain architecture that implements Proof of Ability (POA). It uses this architecture to create a trustworthy, immutable, and easy to use credit community and platform. The community members will be able to apply for crowd funding or loans, sell tickets, or get rewards based on their talents.
Why Choose Digital Credit?
Credit Rating Mechanism
Creditors will be able to actively upgrade their credit rating via meaningful and positive actions.
Trustworthy And Objective
This community is based on the Proof of Ability mechanism, and the blockchain, which is quite secure.
Digital Credit PoA Blockchain Credit Database Use Cases
In the modern investment world, investors are usually unprofessional. However, those looking for investors have a hard time finding professional investors. The investment ability of the investor will be verified via the Digital Credit platform. Thus, inexperienced investors will only need to follow a guru for them to make the right investment choices.
For instance, the platform will hold simulated invested competitions where the performance of investors is evaluated. Since all actions are automatically verified, the verification will be very autonomous.
Crowdfunding And ICO
In the current era of ICOs, it has been found that evaluating the authenticity of an ICO is almost impossible. This is because it is almost impossible to verify the credibility of the ICO team. When anyone wants to conduct an ICO, Digital Credit will allow the credibility of ICO creators to be verified.
Digital Credits will also have some very strict rules about ICOs. One of the rules is that the creator of an ICO cannot assign all the tokens at once. Instead, they have to distributed in stages. The milestones of each ICO will also be reviewed. If an ICO fails to hit its milestones, the token allocation will be curtailed.
The Poverty Problem
The issue of poverty is a major issue throughout the world. There are many causes of poverty and one of them is that poor people do not have enough social opportunities. However, it does not mean that poor people do not have talents to offer the world.
The Digital Credit platform will offer a just platform that cares for the poor. On this platform, you will have the chance to get funding for your ideas. Community members who actively help the poor will also be rewarded with a better score.
Refugees And Illegal Immigration
The issue of refuges and illegal immigration is a problem for many nations globally. The key to this issue is that most people do not have an identity. Since they do not have an identity, there is no access to credit or education. Thus, they lack the ability to engage in any legal business. However, Digital Credit will ensure that these people can engage in legal business by gaining access to loans.
Digital Credit DGCT Token ICO Details
- Ticker: DGCT
- Start: June 2, 2018
- Soft cap: 1,000 ETH
- Hard cap: 70,000 ETH
- Price: 1 ETH = 10,000 DGCT
- Token Type: ERC20
- Token for sale: 700,000,000 DGCT
- Total Tokens: 10,000,000,000 DGCT