DAGT - The digital asset credit platform built on blockchain technology.

binkun (25)in #cryptocurrency • 6 years ago

Do you think a new system can be designed which allows the transparent digital asset management and easy credit to the users of the world? DAGT is the answer.

What is DAGT?
DAGT (Digital Assets Guarantee Token) is a leading decentralized platform which allows holders of digital assets to leverage their holdings as collateral for assets, credit, and loans. Lenders can lock their digital assets (BTC, ETH, etc.) into smart contracts through the DAGT platform. DAGT will issue appropriate credit qualifications and provide lenders with quality services.
DAGT aims to utilize blockchain technology to build a transparent, efficient and distributed guarantee system which makes digital assets flow quickly.

Why choose blockchain technology?
Due to the historical limitations of liquidity, transfer, and storage of assets, traditional credit and loan agencies
force lenders to focus on the credibility and qualifications of users. For instance, users are required to provide sensitive personal information, including identification, proof of income, tax certificates and proof of assets. This inefficient procedure increases the complexity of the entire credit process and increases the cost tocredit users as well as reduces the liquidity of existing capital in the form of higher interest rates.
Among this, trust is the biggest cost to the loan agencies in the credit link. The blockchain technology is a natural "trust mechanism." The use of blockchain technology, smart contracts, disposal of digital assets and other features can help us establish a new, credible and intelligent credit model, which can significantly reduce the complexity of the loan process and the cost of trust.

DAGT Vision
Our vision is to create a new credit model using blockchain technology and the value of digital assets. The DAGT platform monitors the value of the underlying collateral (e.g., Bitcoin, Ethereum) and
stores them in open and transparent smart contracts, in order to improve the liquidity value of the digital assets of creditors and provide an innovative, open and transparent and disposable credit product to loan agencies.

The Advantages of DAGT
--The pioneer: The first digital asset credit platform built on blockchaintechnology.

--Strong team: Has a strong technical, marketing and international operations team. The team has been achieving excellent performance in blockchaintechnology, financial institutions, and community operations.

--Fast implementation: The project is approximately 50% finished, and DAGT has initiated potential cooperation with several loan agencies.

--Loyalty reward: 50% of the credit service fees charged by the DAGT Platform will be set aside for the loyalty program, whereby rebates will be granted to active users of the platform (on a quarterly basis) who have already downloaded the DAGT mobile app and own a digital wallet.

DAGT Operation Model

DAGT provides blockchain and financial services for three categories of people: (1) C-side digital investors; (2) DAGT token holder; (3) The financial lending institution in accordance with the B-side.

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.

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