In any state of the world there is a hidden monopoly on issuing loans for business and consumer needs. It depends on the quirks of the monetary policy of the Central Banks, which determine the discount rate, and the greed of local financial institutions that "sharpen" their margins on this value.
In addition to profits, banks pledge their risks as a percentage of the loan issued, forcing customers to pay for the short-sightedness of the policy of the institution that issued risky, non-recurring loans.
DCC is designed to reach a consensus on accounts, establish business standards and contracts. The monopoly that's pervaded our current banking system for a very long time is running out. The market has fallen into the grips of a few financial institutions that control the credit data of millions of individuals.
DCC aims to become the first publicly distributed banking blockchain that provides financial coverage to countries around the world. With an inclusive approach, DCC will cater to the unbanked, connecting them to the global financial market and promoting prosperity on a worldwide scale. What are some of the services that the DCC platform offers?
1. Borrowing Capabilities
Users can register on the platform, and through specific blockchain procedures, they can borrow.
2. Data Services Source
Users can integrate their data on the DCC platform, create data sets and sell it further.
3. Developers of fiintech applications that automate the terms of loan agreements with the help of smart contracts;
4. Insurers, liquidity providers and others directly or indirectly related to investment activities;
The DCC platform is a decentralized single market for loans, where the size of the rates is determined using the exchange's principle of supply and demand.
With its financial products, the DCC platform aims to disrupt the traditional banking monopoly and put the customer back into focus. Blockchain Banking, by many experts around the world, is the way to achieve an inclusive financial system that everyone can participate in. By also employing the decentralised architecture, DCC will facilitate cooperation across vast regions and sectors of interest.
The DCC Finance platform will allow users to decide for themselves what data should be provided for public disclosure, and what data will remain private. Users will decide who and what data to provide. In other words, in the DCC Finance ecosystem, users own their data, which will significantly weaken the monopoly of large banks.
TOKEN ANALYSIS
The DCC platform tokens are based on the Ethereum blockchain system and are basically compatible with the ERC-20 standard. They are designed to pay for access to data and credit reports. Financial companies use tokens to pay for the verification of customer's data. The size of payment is set by borrowers themselves, and credit organizations can set a minimum threshold and regulate applications' priority.
The ICO will take place within 28th May 2018- 28th June 2018. The total token supply issuesd is 10,000,000,000 DCC. months. In ICO round, 500,000,000 DCCs will be sold. The ICO hardcap and Softcap is 36500ETH and 14500ETH respectively. To purchase the token, ETH is the only currency accepted.
CONCLUSION
The DCC platform is currently a self-sustainable endeavour as all work done to improve and adapt the core functionalities are paid in DCC coins. Providing a best-in-class service, DCC expects organic growth in the following period thus substantially increasing the available liquidity on the platform.
The project has a strong, reliable and experienced team and is backed up by large investment funds such as , AlphaCoin Fund, Nirvana Capital, JRR Capitals and many more.
For more information please visit the links below;
• Official Website - http://dcc.finance
• Whitepaper - http://dcc.finance/file/DCCwhitepaper.pdf
• Facebook - https://www.facebook.com/DccOfficial2018/
• Twitter - https://twitter .com/DccOfficial2018/
• Telegram - https://t.me/DccOfficial
Author
Bitcointalk Username: Buchito1
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2234576;sa=showPosts
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