About DAGT
DAGT (Digital Assets Guarantee Token) is a digital asset credit insurance platform based on Ethereum public blockchain technology and intelligent contract technology. The goal is to create transparent information, effective collaboration, and the transfer of valuable digital assets. Trusting Distributed Credit Systems Throughout the credit environment, users may use "DAGT" or other pass to pay for credit service fees for financial services provided by financial institutions working on the credit system. with DAGT project.
The new feature of blockchain technology allows us to redefine the value of the lender's assets, which completely eliminates the need for confidence in the lending decision process. At the same time, under an open and transparent contract of Ethereum, we have strengthened our trust and cooperation between us and lending institutions, thus achieving a mutually beneficial design philosophy.
DAGT is a decentralized digital asset credit guarantee system, which will create a professional, credible, intelligent, efficient, open, transparent, highly mobile, and inclusive platform for digital asset holders.
In accordance with the real needs of users, the DAGT system is built on Ethereum technology and smart contracts. Some of the advantages of blockchain are that it can not be forged because it is a decentralized technology. DAGT uses blockchain technology to build and create new features, such as storage and transfer of resources.
Our vision
is to create a new credit model using blockchain technology and the value of digital assets. DaGt Platform to monitor the value of the underlying guarantee (eg, Bitcoin, Ethereum) and keep it in an open and transparent smart contract, to increase the liquidity of the creditor's digital asset value and provide innovative, open and transparent products and credit available to credit agencies.
- Across the ecosystem, DaGt is designed to enable easier, more efficient and less costly operation for users and aims to focus its resources more effectively on the development and deployment of advanced technologies.
- Across the ecosystem, credit agencies can use credit loan data provided by the DaGt platform as an important risk control basis in the credit verification process and achieve a seamless interface with their own risk control model to complete faster and lower cost borrowing operations. DAGT will focus its resources on better loan and post-loan management services.
- On an entire ecosystem, DaGt will reduce borrowing costs in user loans, as DaGt loans have their own loans from digital assets, facilitate the promise of digital assets, monitor the processes and trust of mutually-based blockchain technologies. This will effectively reduce borrowing costs and the complexity of the credit process that users must pay.
DAGT operation model
DAGT provides blockchain and financial services for three categories of people: (1) C-side digital investors; (2) DAGT token holder; (3) The financial lending institution in accordance with Standard B.
The process that investors in C-side digital assets should be aware of on the DAGT platform to gain liquidity from their digital assets:
STEP 1. Credit Application
Register and request a credit rating
STEP 2. Credit Information
Users must enter their credit information
STEP 3. Smart contract is locked
Send digital assets to smart contract portfolio
SETP 4. Letter of credit made and loan approved
DAGT created a letter-credit and B-level credit institution that approved the loan. Credit agencies that work with DAGT will distribute loans to banks based on credit criteria and background information.
Project Participants
User (C side)
DAGT Pass Holder users who use their own digital assets to start credit qualification applications
Users are optimistic about the future of digital assets and want to hold them for a long time, but have liquidity requirements in the short to medium term
DAGT Foundation
The DAGT Foundation (nonprofit), is responsible for the development, operation and promotion of the DAGT project
Based on blockchain technology, to provide users with credit with digital asset loans and credit services
Loan Institution (B)
Organizations that comply with relevant national laws and have loan qualifications, such as banks, online loan companies, small lending companies, etc.
The DAGT system will interact with third party lending institutions.
Why choose blockchain technology?
Due to historical limitations of liquidity, asset and storage transfers, traditional credits and lending institutions have forced lenders to focus on the credibility and credentials of users. For example, a user is required to provide sensitive personal information, including identification, proof of income, tax certificate, and proof of asset. This inefficient procedure increases the complexity of the credit process as a whole and increases the cost for credit users and reduces the liquidity of existing capital in the form of higher interest rates.
Of these, trust is the biggest cost for credit agencies in credit links. This blockchain technology is a natural "trust mechanism". Blockchain use of technology, smart contracts, digital asset disposal, and other features can help us establish new, credible and smart credit models, which can significantly reduce the complexity and cost of the trust loan process.
System architecture
Provides web-based user function entries, such as: APP, PC, etc.;
TPGS
The use of blockchain technology, credit user registration, credit extension and appointment services are platform, smart and real-time. Credit users can quickly complete the crediting process and send credit information to third party credit agencies in real time.
Data and API Services
TPGS will open some API data and interface with third party lenders, and DAAD will access a number of digital asset exchanges through the API;
Oracle Oracle Services
With Oracle Oracle to open the chain of communication outside the chain, to achieve a reliable data management process outside the chain and to contract the intelligence of digital assets in the chain;
DAAD
Automated automated trading systems with third-party digital asset trading platforms to support functions such as digital asset monitoring, delivery, early warning and large data analytics, and intelligent contract integration to openly and transparently manage assured products;
The chip sales model
Digital Asset Asset Token, called DAGT, is integrated with Ethereum.
Total supply reaches 100 million DAGT. A special allocation plan is
the following:
20% will be used for presale buyers and public sales.
> First-time buyers who contribute to finance, resources, strategic planning and staff support in project development.
> Funds from public sales will be used for development of monitoring, marketing, operations, finance and legal advice projects, etc. The partial use of these funds will be presented on a regular basis. 10% is used for marketing. Promote DaGt project partner app. 40% is used as a risk deposit
> The total number of smart contracts that are locked
> Use smart contracts to lock the percentage of risk-based savings in collaboration with lenders
> When the commitment value can not include principal and interest, the loan will be paid in accordance with the cooperation agreement to guarantee the rights and interests of the credit institution at a maximum level of 10% has been allocated long-term incentives to encourage DaGt teams and technical teams, who have contributed greatly to the project this.
From now on, 10% of the chips will be distributed on public sales and the remaining portions will be locked and will be distributed monthly from the second year. 20% will be awarded for basic business operations and promotions.
Contributions to symbolic sales will be held by Distributor (or its affiliates) upon sale of token, and the contributors shall have no economic or legal rights or interests in the entity's contribution or assets after the sale of tokens. As far as the secondary market or trade exchange Token DAGT is indeed growing, it will be managed and operated in a way that is entirely independent of the Foundation, distributors, sales of DAGT tokens and platforms. DaGt. Neither the Foundation nor the Distributor will create such a secondary market and the entity will not act as an exchange for Token DAGT. Specifically, you understand and accept DAGT tokens:
1. non-refundable and non-redeemable in cash (or equivalent in other virtual currency) or payment obligations by the Foundation or affiliation;
2. not represent or grant any holder rights in respect of the Foundation (or its affiliates) or any other revenue or assets, including, without limitation, income, action, title or property, or other form of intellectual property), or the right financial or other legal rights or similar rights, or other intellectual property rights or other interests in or related to the Foundation's platform, their distributors and / or their service providers;
3. are not intended to represent contractual rights for any difference or under any utility contract or other purpose intended to generate profits or avoid loss;
4. is not intended to be a representation of money (including electronic money), security, commodities, bonds, debt instruments or other types of financial instruments or investments;
5. not a loan to the Foundation or its affiliates, is not intended to be a debt held by the Foundation or its affiliates, and there is no hope of profit; and does not grant ownership of the token holder or other rights in the Foundation or its affiliates.
Roadmap
Team
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Author Zoelhack
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