What Is DEBITUM ICO?

As we know the situation which concerns SMEs (small and medium-sized enterprises) is quiet actual today. SMEs are struggling for their project financing and the reason for this struggle is caused by current state regulations and laws. That’s why a lot of perspective and promising projects have been failed at the very beginning.

Small business is considered to be a weak sector of the economy but incredibly promising. If the state creates good conditions, it will grow and develop. Debitum Network is a decentralized business borrowing ecosystem which is designed to serve investors as a trustful mechanism which can be operated within the ecosystem. Debitum Network is an innovative hybrid ecosystem which is created for small business financing. It also allows the investors to lend fiat, using a decentralized network of needed service providers. It creates an ecosystem, which consists of SMEs, investors (borrowers), risk assessors, project analysts, debt collectors and more.

Debitum Network is specialized in the so-called alternative financing. It is a “node” which does not belong to a specific group of persons who could grab the whole profit from it and regulate at the discretion of their own. There are 3 main pillars of Debitum Network, which ensure its disruptiveness, uniqueness and positive results on improving the credit gap problem: true decentralization, hybrid connecting crypto, and fiat, trustable blockchain based financing process.  

Debitum Token (DEB)

DEB token is an Ethereum based token. It is the key element of the Debitum Network. Why? Because a lot of Debitum Network services are performed with the help of DEB tokens.

Total amount of DEB tokens: 400 million of DEB tokens

Token Sale Round 1: December 7, 2017- December 21, 2017

Token Sale Round 2: January 25, 2018- February 25, 2018

Hard Cap: 24,000 ETH

Blockchain: Ethereum-based ERC223 token

ICO Token Price: 1 DEB = 0.22 USD (0.00027 ETH)

DEBITUM ICO Platform

Ether

 

Ethereum

DEBITUM TGE Incorporated in:

country

 

Gibraltar

 

Benefits

Debitum Network is aimed to redistribute financing, allowing the smaller companies to grow and develop as well as to compete with larger and wasteful corporations.

Token Sale Of DEBITUM ICO

schedule_ico

 

January 25 – February 25, 2018

DEBITUM ICO Roadmap

2015 – Q2 2017

Start of the company

2015: Incorporated DEBIFO – an alternative finance company

2016.01: Joined Mintos p2p finance platform

2016.10: Reached financing agreement with a private debt fund MUNDUS

2017.02: Envisioned Debitum ecosystem

2017.06: Reached 3M EUR portfolio, nearly 20M EUR asset turnover

Q3 2017

Creating Proof of Concept

2017.07: Expand core team with business and technology advisers

2017.08: Establish global business development team

2017.09: Build and deploy MVP version on Ethereum Ropsten blockchain

2017.09: Align with first counterparties of ecosystem

Q4 2017

Raising funds via Crowdsale

2017.10: Launching of the marketing campaign

2017.10: Expanding the Debitum Network community

2017.10: Incorporating Debitum Network

2017.12: Crowdsale Round A – Raised 1,2 M USD

Q1-Q3 2018

Building Debitum Network 1.0

2018.02: Crowdsale Round B. Product development start

2018.03: Expanding Debitum Network team to prepare for global expansion

2018.06: Establishing Debitum Network in the first target country

2018.09: Testing and auditing Debitum Network 1.0 before public launch

Q4 2018

Debitum Network 1.0

Develop Debitum Network ecosystem version 1.0 with manual on-boarding of asset generators, investors and additional service providers

DEBITUM ICO

Team of the DEBITUM ICO

Martins Liberts co founder visionary of debitum ico

Mārtiņš Liberts

CO-FOUNDER / VISIONARY

Donatas Juodelis co founder partner relations of debitum ico

Donatas Juodelis

CO-FOUNDER / PARTNER RELATIONS

Justas Saltinis co founder financing operations of debitum ico

Justas Šaltinis

CO-FOUNDER / FINANCING OPERATIONS

Mazvydas Mackevicius technology lead blockchain technology expert of debitum ico

Mažvydas Mackevičius

TECHNOLOGY LEAD / BLOCKCHAIN TECHNOLOGY EXPERT

Mart Lume lead product manager of debitum ico

Märt Lume

LEAD PRODUCT MANAGER

DEBITUM ICO Links

DEBITUM ICO In Numbers

DEBITUM ICO Distribution of proceeds:

  • Platform Development 4.72%
  • Headquarters 10.3%
  • Ecosystem 2.3%
  • Country 74.6%
  • Regional 7.75%
  • Auditing 0.33%

Token Distribution Of DEBITUM ICO:

  • Supporters' Share 10%
  • Crowdsale 60%
  • Team's Share 15%
  • Reserve 15%

SUMMARY

Debitum Network is aimed to solve the trust issue between lenders and business. It is going to create a self-governing financial ecosystem which will reward SMEs. Hope, this project will reach success in its further development.