Review ICO : DAGT.IO — Make your digital assets fly

thomas26 (25)in #blockchain • 6 years ago

There is rarely a technology that is fascinated by the media and the public as the blockchain. A lot of people have been investing millions of dollars in blockchain-based companies. If you are reading this post, it is likely that you already have some ideas about blockchain technology. If you do not, please do some small researches on Google to find out more about it before going on to the rest of this post. Or you should have a look at its definition and related information at Blockchain — Wikipedia. Now you have got the idea of the blockchain, I would like to introduce you a blockchain-based project which I find appealing named DAGT.IO. Now here we go find out about it!

I. About VOLT

DAGT is a leading decentralized platform that allows holders of digital assets to utilize their holdings as collateral for assets, loans and loans. Lenders can lock their digital assets (BTC, ETH, etc.) into smart contracts through the DAGT Platform. DAGT will publish the appropriate credit qualifications and provide lenders with quality services.

DAGT aims to utilize blockchain technology to build transparency, efficiency and a distributed assurance system that keeps digital assets flowing fast.

II. 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.