Founder of corporate financing blockchain launch,DEBITUM NETWORK, say that they have found that small businesses around the world has a significant lack of access to credit. The founders went on to say, “The current credit gap is estimated to be an amazing $ 1,538 trillion, and it’s clear who is to blame.”
QUICK VERSION: Thousands of investors have already signed up, the debitum network ICO in a community attempt to take back control of the small business funding area .
Since the beginning of the year, a team of proven fin-tech professionals quietly has developed a blockchain powered small business financing solution to secure and distribute fiat investment to the SME world.
It’s called Debitum Network, and it’s powered by the Astraleum Blockchain. It has an incredibly intelligent decentralized hybrid ecosystem that unites borrowers, and local finance professionals – the first of its kind – that will soon negate the need for severely constrained and severely over-regulated financial intermediaries.
Instead of going the traditional route to raise money through venture capital and angel investors, the three founders have invested their own time and capital to generate the first iteration of the network before announcing their very own coin offer.
Many coins investors will redeem on this
Here is the reason …
This is unknown to many, but despite the “friendly” presence of your local bank, the most notable small businesses are facing big challenges for getting approved for finance.
Maybe you are old enough to remember the days when you would know your banker personally, maybe even kids in the same class at school, or would often see them at your favorite restaurant. This personal relationship helped fuel a strong financial relationship; She knew exactly where to go to get the loan that you needed.
But, the days to drive a business loan to your bank are long gone. Not only community banks are getting eaten up by the big banks (controlled by the strictly regulated central banks), but lending to small businesses is at a ridiculous rate. If you are a small business owner, and you go to a bank, you’ve got an 80% chance of being denied. Yes. Right.
Greedy banks and traditional financial institutions are not too happy about the introduction of debitum Network – here’s why:
Banks make less profit on smaller loans and are not looking for small businesses
It is in their best interests to keep small business owners uninformed about alternative lending options .
Until now, banks have had a monopoly on the banking industry, and continue to profit heavily from small businesses
You may think banks have the best interest in the owners of a small business. Rest assured, it’s not. They would rather not keep them informed about their possibilities. That’s why the pressure is on – temporarily.
Unfortunately, small businesses need more risk assessment than their larger counterparts, which is expensive for the banks, making them think twice before ever extending funds.
When was the last time, did a small entrepreneur hear something good about her bank? Was it hard to think of a time? Probably. So, it’s almost a breeze why the debitum network has opportunity to engage so many coin investors queue up.
With over 17.567 now subscribed to the debitum network community, investors need to act fast now to secure symbolic price during the debitum crowdsale.
But are not ICOs now perceived as high risk?
Many ICO investors mistakenly assume that in order to capitalize on high returns on their investments, they need to invest early and exit quickly.
This is not only untrue, its, actually, the opposite.
If you invest in debitum network you will be a hero for all small businesses around the world. As? Through these greedy banks and institutions responsible for keeping controlling, and heavily under financing, small businesses daily.
The team has a very realistic roadmap that they say ready for use in the first few months after the token ads on the topic.
After the first launch, they will process all actions through the Astraleum Blockchain, a family of smart contracts used for extra security. Initial transactions will all run through Fiat currencies, enabling businesses to immediately start using the service in their community, and from day one.
Debitum network says they will eventually become the go-to financial market for SMEs around the world looking for a more just, more accessible business finance.
Act Now Before Closing Your Window Of Opportunity
Here is how:
Due to the Token 1st Level sale will begin in December 07, 2017 and will soften at approximately capped 25 000 Ether (ETH), with a hard cap of 50 000 Ether (ETH).
60% of tokens will be sold during the crowdsale; 10% go to consultants, bounties and campaign costs; 15% will be kept in reserve, and 15% will be held by the team will be bridged for 12 months by Smart contract.
Up to 4,000 ETH raised, the rate for debitum tokens will be 1 ETH = 3,750 DEB, then it will decrease to 1 ETH = 3,300 DEB, and then back to 1 ETH = 2,888 DEB.