Debitum Network

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Debitum Network ICO details

Start Date: 2017-12-7

End date: 2017-12-21

    • Category: Business services, Cryptocurrency, Investment, Platform
    • Token: DEB
    • Platform: Ethereum
    • Initial price: 1 ETH = 2,888-3,750 DEB
    • Bonus: Round 1: up to 4,000 ETH raised 30% Round 2: up to 4,000 ETH raised 1 ETH = 3,750 DEB Round 2: up to 25,000 ETH raised 1 ETH = 3,300 DEB Round 2: up to 50,000 ETH raised 1 ETH = 2,888 DEB
    • Accepting: ETH
    • Soft cap: 25,000 ETH
    • Hard cap: 50,000 ETH

Debitum Network

Debitum is an existing business in alternative finance for 3+ years. There is a global credit gap for SMEs of more than $1.5 trillion worldwide. We want to disrupt and revolutionize this by creating a new ecosystem – Debitum Network. It will be a blockchain and trust based ecosystem joining various players (investors, risk assessors, document validators, insurers etc.) to complete end-to-end financing loop for SMEs.

It is very important to have a process based solution here as only such approach allows for a mix of local / global players to close the financing gap, earn money on their services and provide needed juice for SMEs growth and development. Traditional finance institutions are failing hard on this issue for ages – it is time we take it in decentralized hands and solve.

Team

Martins Liberts

Well established executive and entrepreneur with deep insight in technology, finance and the future.

Donatas Juodelis

Global networker making strong connections worldwide with the ability to inspire individuals joining the cause.

Justas Saltinis

Successful certified CFA with an established track record in creating an alternative financing ecosystem.

Mazvydas Mackevicius, PhD

Certified enterprise architect with deep experience in development of secure and scalable financial and global solutions.

Monika Varkalyte

Cheerful professional with a strong brand creation, marketing, and UX/UI background.

Milestones

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 - 2017.11: Crowdsale
Q1-Q3 2018 - Building Debitum Network 1.0
- 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

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