Datarius ICO details
Start Date: 2018-3-5
End date: 2018-4-5
- Site: Datarius site
- Twitter: https://twitter.com/Datariuscrypto
- Facebook: https://www.facebook.com/datariuscryptobank/
- Github: https://github.com/Krishtopa/ContractForDatarius
- Reddit: https://www.reddit.com/user/datariuscryptobank
- Bitcointalk: https://bitcointalk.org/index.php?topic=2479365.0
- Medium: https://medium.com/@datariuscryptobank
- Telegram: https://t.me/datarius
Datarius – The first social p2p cryptobank
Fintech company iCrypto S.A., developing Datarius Cryptobank, is at the forefront of new digital economy. The Datarius project is a new, social-type cryptobank with transparent conditions. In cryptobanking industry, Datarius will become the first financial institution capable offering its customers a full range of financial services implemented within a decentralized system.
The uniqueness of Datarius Cryptobank is that the project allows customers to get services, adapted to their needs. Datarius will operate on the basis of P2P ecosystem (peer-to-peer), where transaction participants are private users, and not banking institutions. This is not a novelty in the financial market, but system offered by Datarius inherited best traits from traditional banking products, adapting them to the principles of decentralized system operation. Such platform will be a perfect solution for people without credit history, to whom traditional banks cannot provide loan proposals, or for whom current offers on the market will cost much more.
The Datarius project has a global value. It is designed to overcome current diffculties connected to use of cryptocurrencies in non-digital world, introducing options of integrated crypto- and fiat money services into payment infrastructure for this purpose.
Primary mission of Datarius cryptobank is creation of P2P-system that would make use of full potential of decentralized financial technology within the framework of cryptocurrency payment system and real life.
Another substantial part of Datarius mission is to provide world community with access to major financial instruments in P2P transaction format. In relatively short time cryptobank clients will receive services that ultimately meet their needs, because transactions will be conducted in automatic mode, while services will be customizable. Any transaction will be much more profitable since P2P-platform does not split loan and deposit products and does not involve staff dealing with this.
Unlike most developers who continue promoting monopolization of world financial market by large players, Datarius team aims to create perfect financial institution that would adopt all advantages of traditional financial organizations, leaving behind their major disadvantages: non-transparency, unpredictability, lobbyism, and administrative burden. Datarius model represents decentralized system in exceptional and most complete format. It includes blockchain technologies that ensure secure information recording and storage. This excludes the possibility of changing or falsifying any piece of data.
Usage of cryptocurrencies, which do not require central control, as well as smart contracts allows to process transactions more effciently and safely compared to conventional deals. Datarius is a decentralized partially closed system which sometimes excludes bank participation that makes it possible for users to gain profits.
The system allows users to make their own decision when judging appropriateness of certain services and applications, which minimizes cost of processing transactions. Customer selects a service according to his/her own requirements and pays the price without customer service charge.
System of decentralized Datarius Cryptobank is oriented on cooperation with wide audience and is available all over the world. In addition to current members of Crypto Community, Datarius welcomes people who are just starting to get acquainted with cryptocurrencies or who do not trust FinTech market yet.
Customers will be able to conduct transactions from any corner of the world in a matter of seconds with no limits and no need to wait for a plastic card issue for several weeks.
Customers from dierent countries receive Datarius cryptobank services on equal terms. Transactions and funds transfers are done instantly after closing a deal. Fees for processing the operation will be reduced to minimum payment for the transaction, regardless of both parties’ location.
Datarius provides an opportunity for its clients to receive credit lines from creditors from other countries. For example, a customer can choose a loan with a lower interest rate in countries of Western Europe or America, where such services are much cheaper.
This practice was used by traditional banks at dawn of mortgage lending; within decentralized P2P-system cost of such products will be lower due to savings on customer service charges.
Thanks to blockchain technology, whole operation history and credit check results (scoring) are recorded in data chain and cannot be changed from outside. This approach reliably protects customer’s personal data and records all information about their activity in the system, which significantly reduces the risk of document falsification or financial fraud when closing a deal. Account is linked to user’s identity, scammers will not be able to intercept or falsify their data.
Datarius oers a wide range of tools in investment, credit and currency fields. FinTech startups, individuals and legal entities gain access to loans, bailment and investments. Flexible system allows any customer to transfer their personal and/or company accounts to cryptospace, considerably saving on banking servicing and even earning from it.
Datarius products have simple, completely transparent and comprehensible conditions without hidden fees and “fine print requirements”.
Thanks to flexible settings system, all operations will meet customer’s requirements to the best extent, so they will not overpay for general conditions of the product.
Datarius Cryptobank does not charge additional bank fees for servicing product, which makes it possible to reduce operation cost by 30% compared to conventional bank fees.
Datarius is a partially closed system in which a part of funds always remains inside. The cryptobank is the guarantor of the fact that cryptocurrency exchange prompts a “financial bubble” jump, that can burst at the most unexpected hour, but will not grow. All data is under reliable protection of the system, which excludes the possibility of illegal money circulation.
In Datarius project, customer receives a rating and gains full access to various service sectors.
Depending on its value, users can try themselves as borrowers or investors, place funds at any deposit to accumulate interest.
Datarius is not limited to operations within cryptocurrency system. It provides gateways for both national banking and electronic payment systems. Account holder can pay cryptocurrency for goods and services, pay bills in online stores that support this type of payment.
Customers of Datarius cryptobank can customize personal cabinet for their own needs. Initially, all users have access to standard simplified model, additional services can be added at any time.
A set of these advantages is far from all that Datarius project oers. In addition to payment, investment and credit systems, Datarius oers currency transactions that gain popularity. Automatic interchange, internal exchange and gateways to the TOP-exchanges will be available for users.
Automatic exchange is a traditional currency exchange in cryptobank’s own exchange. In internal exchange, it is possible to choose different rates at which participants profit without bank regulation, and thanks to gateways to TOP exchanges, users are invited to exchange their funds at the cryptocurrency best rates.
Datarius gives users 3 options for direct lending, from which one can choose the most adequate.
For investors there is a flexible system of deposits in Datarius, 2 options for investment programs and “demand deposits” service. Thanks to use of quick-turnover instruments, depositors have simplified opportunity to earn money quickly and by legal means. Compared with mining mechanisms, this is a much simpler way to multiply your capital.
A distinctive feature of Datarius Cryptobank was exceeding of crowdfunding platform limits and, as a result, emergence of a more ecient services for legal entities.
Datarius oers companies to take out credits directly without intermediaries. This allows organizations to obtain required amount on attractive terms for a short period of time.
Cryptobank plans to issue cryptocurrency cards that will operate within the system and in partner companies systems. Customers can use card to pay for goods and services, make purchases on sites that accept bankcards as payment. It will be possible to withdraw and deposit cash at partner’s ATMs.
To verify borrowers, Datarius uses scoring system based on unique algorithms, which takes into account already available data of partner companies. Based on these and other settings, system decides to grant loans on the definite terms.
Datarius combines features of decentralized and traditional banking systems. When opening an account for a cryptocurrency, Datarius opens a real account for a physical person in customer’s name.
In current situation with legislative status of cryptocurrencies, this expands customer’s payment abilities while blockchain economy is in development. All Datarius customers can use their bank account funds with no limit, as if they used traditional bank services.
Datarius is open for cooperation with other blockchain projects and plans to assist market participants in overcoming cryptocurrency transaction barrier within payment system. For this, unique methods of verification for their partners were developed.
Project creators considered possible failures of automatic rating system of the borrower and added user ratings of individual system participants, user groups and specific transactions. These and other parameters form participant’s general rating, which allows for more objective assessing of prospects for mutual interaction.
Confirming its status as a social bank, Datarius integrated Trust Limits system into the credit segment.
This option is available in Webmoney, but an advanced system of settings that allows defining limits for different groups of borrowers, is applied here.
It is possible to set credit line criteria for a particular user, group, or all users. It is also allowed to create more flexible system settings for accepting trust limits by predefined criteria.
Datarius system involves development of an extensive API network in terms of the interface. In the future a full-fledged hardware complex is planned for creation.
Both individuals and businessmen can use products and services provided by Datarius. Datarius can offer to integrate crypto startups and legal entities, seeking to transfer financial transactions to crypto space, into its unique system.
Due to such competitive advantages, Datarius plans to establish strong market leadership in cryptobanking industry.