DAGT Makes Your Digital Assets Fly
What is DAGT project?
DAGT, short for the Digital Assets Guarantee Token (www.dagt.io), is a digital asset collateralization credit platform built on Ethereum and smart contract technologies. Founded by Singapore’s non-profit Foundation (GRANDDREAM), DAGT aims to utilize blockchain technology to build a transparent, efficient and distributed guarantee system which makes digital assets flow quickly. Throughout the ecosystem, credit users can pay for credit service fees by using the “DAGT” or other digital assets, so as to obtain the financial services provided by the financial institutions that the DAGT project cooperates with.
Blockchain technology is gaining grounds in recent times as it is used in several fields for specific reasons. It is changing the world globally and also gives room for innovative ideas giving us an insight of what the future might look like with blockchain. We can see industries and major business owners adapting to the new trend of blockchain technology. The good thing about it is that, not up to 2% of the world has gotten involved with blockchain technology; this means there is still lots of space to accommodate non-technical users.
One of the main reasons for the creation of DAGT platform is to utilize blockchain technology to develop an adequate structure that can accommodate the flow of digital assets without hindrances but with transparency and efficiency.
The occurrence of several digital data of valuable assets can be termed Digital Assets. Digital Assets are decentralized P2P cryptocurrency. We all know that the environments on which cryptocurrencies operate are quite different as they are not centralized. The creation and allocation of these currencies, either bitcoin, ethereum and others are not hindered by third parties.
Blockchain and Digital Assets work hand in hand. You can say that they are directly proportional to each other. The adoption of blockchain technology is spreading at a comforting rate and with that, the use and demand for digital assets follows. How does DAGT come in? DAGT is ready to create the world’s first decentralized digital asset platform.
How Blockchain Technology Helps This Project
There are several limitations to the flow of Digital Assets currently. Because of this reason, Blockchain technology is employed to by-pass these limitations. Some sort of KYC procedures and Identity verifications are been carried out to credit users. This makes the whole process not transparent, inadequate and inefficient. Blockchain Technology can help in designing several models which can eradicate the barriers of this whole process and build trust among credit links and users.
DAGT will use this Blockchain technology to create a less complex system, one with efficiency and less expensive for users. Lending cost without blockchain is on the high side, DAGT is going to find a way to make this lending cost for credit users, low. This builds trust between operators and DAGT, hence; reduce borrowing cost and the complexity that surrounds the whole credit acquisition.
How Blockchain Technologies Helped This Project
- Applies to accredited credit institutions for cash on loan terms.
- Submit data for smart contract (details of payment for fund transfer if there is a positive decision to receive loan).
- Provide other credit information conducive to the adoption of a positive decision at the end of the loan agreement.
- Decision on the issuance of credit by an authorized credit agency cooperates with DAGT and issuance of amounts in the Blockchain system.
- Gradual repayment of loans and interest by the Borrower.
- Full payment of loan and interest under loan agreement, service fee, application of DAGT token in Ethereum ecosystem.
DAGT STRUCTURE SYSTEM
The process that must be done by C-side digital asset investors on the DAGT platform to obtain liquidity from their digital assets:
STEP 1. Credit applications
Register and apply for loan credit qualification
STEP 2. Credit information
Users must enter their credit information
STEP 3. Lock the smart contract
Send digital assets to the wallet under smart contracts
SETP 4. Letter of credit made and loan approved
DAGT creates letters of credit, and letters that comply with the letter B approve the loan. Credit agencies that cooperate with DAGT will distribute loans to banks in accordance with credit qualifications and basic information.
First, the advantages for C-side digital investors:
Increase fund liquidity. Ensure that certain digital assets can obtain funding from B-side compliance lending agents and increase the liquidity of individual funds and the value of digital assets used for investment, financial management, daily consumption or travel.
Enhance the security of digital assets. “Blockchain +”, as the underlying technical structure of fintech, realizes the centralization of credit verification, non-destructive transaction data, capital circulation as well as transparent financial and transparent transactions.
Increase long-term stability and security of digital assets (avoid forcing close positions from the exchange). When using leverage to invest in a digital exchange, you may be forced to close your position due to a big surprise in the price of your digital assets, non-fulfillment of your additional bond obligations, policy lapses, or temporary changes in trading rules. The DAGT platform can help you avoid these losses. DAGT provides funding services to digital asset investors with a lower digital asset / liability ratio, increasing investor confidence in the risk of large market price shocks. Meanwhile, in accordance with investor needs, DAGT can immediately conduct currency extraction operations to ensure the stability and security of long-term digital asset ownership.
Second, the advantages of DAGT token holders:
Value-added benefits: When DAGT is listed on the exchange, you can get some value-added benefits.
Dividend Income: In the DAGT project operations process, dividend income will be distributed in accordance with certain proportions and time.
Fund service: DAGT tokens are valuable in their own right. Users pay for credit facilities through the use of DAGT tokens for funding services provided by financial institutions that adhere to the DAGT project. (There are already some CFL partners as of now).
The Technology of DAGT
The largest component of the Blockchain-based DAGT platform is the DAGT Token. These tokens are created and organized for the purpose of the platform so as to provide positive benefits to all users. This token is designed to be very safe, decentralized, and open using the ERC-20 standard compatible with Ethereum.
DAGT tokens can be used to pay borrowing costs, in accordance with the applicable agreement. This token operates as an exchange unit within the platform, so the ecosystem relies heavily on this token. The goal of creating a DAGT token is to provide security in payments and transactions. This security is guaranteed by a smart contract composed of cryptographic algorithms in accordance with the standard Ethereum blockchain.
DAGT Token is already technology in it. Then at the end of 2018, the system will run smoothly and lending can be done. It was began to be developed and verified since last December 2017. Then the developer team launched this token in version 1.0 in January 2018. Token re-developed and launched its latest version in mid 2018 tomorrow. Then smart contract will be optimized to be better with development.
- 1. Credit Application
- Register member account and apply credit application
- STEP 2. Enter credit information
- Credit users enter credit information
- STEP 3. Lock smart contract
- Continue digital asset pledge to smart contracting framework
- STEP 4. Give Letter to Create Loan Problem
Grant Letter for Creating a Grant Loan: DAGT Co-operative Loan Institution provides loan funds to bank accounts based on credit information and audits basic information of creditors.
- 10% Marketing (10 Million DAGT)
- 20% Pre-sale Purchasers And public sale (20 Million DAGT)
- 40% Security Deposit (40 Million DAGT)
- 10% Founding And Developmetn team (10 Million DAGT)
- 20% Foundation (20 Million DAGT)
- Total Supply: 100 Million DAGT
- Token Symbol: DAGT
- Accepted Currency: ETH and BTC
Visit DAGT on
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1776393
Ethereum Address: 0x0bdF15D19B1c37f55E36B82590DD49958439d2F9