Datarius – First Social p2p Cryptobank? (ICO REVIEW)

Datarius

Datarius is aiming to be the world’s first social P2P cryptobank. Find out how it works today in our review.

What Is Datarius?

Datarius, found online at Datarius.io, is a cryptocurrency bank based on a decentralized, partially closed system. It’s a P2P bank, which means the system allows users to decide for themselves whether to use various banking services and applications. This allows users to enjoy very low transaction costs.

Datarius also provides a way for borrowers and lenders to connect with one another. Other services include financial managers, analysts, insurance companies, funds, and trading terminals.

The overall goal of Datarius is to provide people from all over the world with free and equal access to the maximum number of financial products. Unlike traditional banks, which may exclude people due to high prices or ID requirements, Datarius aims to provide a bank for everyone.

The ICO for DTRC tokens begins in mid-February, although a pre-sale is taking place throughout December 2017.

How Does Datarius Work?

Basically, Datarius wants to provide banking services to anybody who holds cryptocurrency.

Customers from around the world can deposit cryptocurrency into their Datarius accounts, then access a variety of banking services. You can send and receive money at minimal fees, for example. You can engage in P2P lending and borrowing activities. You can talk to investment advisors or access credit for your small or medium-sized business. Datarius wants to provide all of the services of a traditional bank – but catered to the crypto community and at a much cheaper price.

Overall, Datarius claims customers can expect to pay 30% lower fees than traditional banks.

One of the unique parts of Datarius will be the credit scoring system. This credit scoring system will judge a user’s worthiness as a lender. The system depends on data from outside sources. Datarius’s whitepaper mentions that they use “already available data of partner companies”, although it’s not totally clear where that data will come from.

Finally, Datarius has integrated a “Trust Limits” system into the credit segment, similar to the option in Webmoney.


Datarius Features And Benefits

Datarius outlines all of the following benefits on its website:

  • The most complete set of financial tools, including currency transactions (automatic exchange, internal exchange, and TOP exchange gateways), direct lending, investment programs, credit for SMEs, demand deposits, intrasystem card products, and more
  • A new credit scoring system that uses a unique algorithm “based on already existing data received from partner companies”
  • Internal user accounts are duplicated by real physical accounts
  • Enhanced integration of links between cryptocurrency and fiat, including the integration of instant transfer systems
  • Unique verification methods combined with already existing blockchain projects
  • A trust limit system with the opportunity to set a limit for a particular user, group, or all users according to pre-defined criteria

Distribution of DTRC tokens

Following Datarius basic principles on sociality and formation of the system, its participants developed following concept: 73% (146M DTRC tokens) will be available to all interested backers throughout the ITO campaign since December 9, 2017. Personal Access Tokens will be issued in real time in the amount relevant to the particular ITO period. 27% (54M DTRC tokens) will be issued and allocated to service wallets at the moment of the Presale launch.

Upon the ITO completion, these tokens will be distributed among the recipients according to the participation percentage specified in the Distribution Structure :

2% (4M DTRC) will be distributed among the participants of the Bounty Campaign in accordance with the confirmed participation statistics;
5% (10M DTRC) will be distributed among Advisers, Media, state and commercial institutions providing exclusive support to iCrypto SA including during the entire ITO campaign;
8% (16M DTRC) will be distributed between the project team and the developers to promote the development of the company and the product.
12% (24M DTRC) will constitute a Corporate Stabilization Fund, which will be managed directly by future users of the cryptobank.

Upon the ITO completion, all undistributed Service tokens will be allocated to the Corporate Fund. The total fund volume will be announced no later than 45 days following the completion of the ITO.

The first stage a closed round for participants who are interested the most in the project. Registration is execution of a preliminary application - declaration of a desire. DTRC tokens at this stage will be distributed in packages of 20.000 DTRC, and the participants will receive a bonus of 35%. In total, 4 packages will be distributed among them, which, taking into account the bonus, will amount to 112,000 tokens.

The round is scheduled for 09.12.17 The second structural stage — pre-ITO, which will start on 12.12.17 at 12:12 UTC, and will finish on 31.12.17 12:12 UTC.

Minimum limit, upon reaching of which this stage will be considered successful, determined distribution of tokens in amount equivalent to 125.000 USD (SoftCap).

Pre-ITO participants will receive a bonus of 35%.

Distribution results will be displayed in real time mode on ocial website of the project.
To launch Datarius project in the shortest possible time and to provide full-featured product for customers with maximum set of instruments, that fully meets the needs of market participants,

ITO (Initial Token Offering) Stage objectives — identification and implementation of future functional and initial set of instruments of Datarius ecosystem, as well as:
  • completing the team with additional personnel;
  • prototype development; project launch;
  • wide PR and marketing campaigns;
  • access to exchanges;
  • conclusion of key agreements with partners;
  • dynamic expansion
The implementation is scheduled for mid-February 2018. Minimum limit upon reaching of which this stage will be considered successful, determined distribution of tokens in the amount equivalent to 1,000,000 USD (SoftCap). This stage will be compulsorily completed, regardless of established deadline for achieving distribution value equivalent of 67,000,000 USD (Hard Cap). In course of ITO following bonus system is provided:
  • those participants who took part in distribution in the first 6 hours from ocial start of ITO campaign, will receive a bonus of 30%; — within the next 6 hours the bonus will be 25%;
  • those participants, who joined the distribution in the next 12 hours of the campaign, will receive a bonus of 20% of tokens.
  • within the second day of the ITO campaign the participants will receive a bonus of 10%;
  • in 48 hours, tokens will be distributed at a fixed cost.
During entire ITO stage, 100 exclusive operating cards- keys, will be distributed during the preparation to the implementation of the stage among the most active followers of Datarius project. These cards give right to receive bonus 45% of DTRC tokens and will be valid throughout ITO. Project owners have done their best to maximize the benefits of purchasing tokens, and investment attractiveness of Datarius can become exemplary in market of startups.

How Does The Datarius Token (DTRC) Work?

Datarius has its own token called DTRC. It’s the only tool for participating in the Datarius ecosystem.

As a DTRC token holder, you’re entitled to receive 65% of the fees and charges collected by the Datarius cryptobank. This money will be distributed annually starting from 2019, proportionally to the number of token holders.

There’s a total supply of 200,000,000 DTRC tokens, each of which has a fixed value of $1 USD.

The DTRC Token Sale

The DTRC token sale began with a closed round and a pre-sale in December 2017, lasting from December 9 to December 31, 2017.

The official token sale is scheduled to begin in mid-February 2018. There’s a hard cap of $67 million USD for the ICO.

Of the total supply of 200 million tokens, 73% are going to the crowdsale, while the remaining amounts are going to a reserve fund (12%), project team (8%), and direct bonus (7%). The direct bonus fund includes advisors, supporters, and bounties.

Who’s Behind Datarius?

Datarius is led by Aleksey Vuyko (CEO), Ruslan Vasyutin (CMO), and Larisa Sokolovskaya (CFO). The team is formed under the name iCrypto S.A., a fintech company.

The company was founded in October 2017. It’s registered in Costa Rica, although most of the team is from Ukraine. Vuyko’s previous experience includes a position as Director of Debt Management at a law firm, and two positions as Collection Directors at Kiev-based banks (Delta Bank and VAB Bank). He has two master’s degrees, including one from Ukraine’s International Finance University and another from the National Ukrainian Technical University.

Datarius Conclusion

Datarius aims to provide banking services to the cryptocurrency industry. It wants to replicate the services of a traditional bank, but at a significantly lower price. The token pre-sale for DTRC tokens is underway throughout December 2017, with a full ICO scheduled for February 2018. To learn more about Datarius, visit online today at Datarius.io.

Roadmap

1
02.2018
The approval of the prototype TR (it’s been under development since 2017)
2
03.2018
the initiation of the user interface development
3
04.2018
the obtaining of the DPL license (Costa Rica) – payment system, asset management company, investment company (the application was sent in December 2017)
4
04.2018
the start of work on testing our own blockchain
5
05.2018
the signing of the bank support agreement and integration of co-branded IBAN/SWIFT accounts and debit cards
6
05.2018
launching the development of own machine learning system AI
7
07.2018
the completion of work on user interface integration and P2P platform organization
8
07.2018
embarking on the mobile application development
9
08.2018
the presentation of the fixed checks function
10
09.2018
the integration of internal exchange
11
09.2018
the public algorithms testing for the applications machine ranking in the testnet
12
10.2018
the launch of the basic version
13
11.2018
the presentation of training materials and introduction to the Training Center
14
11.2018
the integration of virtual maps
15
12.2018
the beginning of the social functions development (Trust Management/Trust Limits)
16
12.2018
the presentation of test version of mobile app to competent users
17
02.2019
the completion of the testing phase, the launch of the commercial version and the intensified PR campaign
18
02.2019
the preparation and submission of documents to obtain the license from the British financial regulatory body FCA
19
02.2019
the provision of confident users with the test access to social functions
20
03.2019
the release of the commercial version of the mobile app
21
03.2019
the presentation of a team of full-time professional managers
22
04.2019
the integration of the Affiliate Program
23
04.2019
the presentation of the short-term savings account function
24
05.2019
the presentation of the Training Center franchise and becoming a franchisor. Registration of the first franchisees
25
05.2019
reaching the point of 1M active users
26
05.2019
the first mortgage lending in DTRC
27
06.2019
providing access to the function of the payment calendar and deferred payments
28
06.2019
opening access to the examination to attain the managing user/managing analyst status
29
06.2019
affiliate integration of the access to the exchange terminals with instant DTRC payment
30
07.2019
The delivery of the first credit card
31
07.2019
The presentation of the Cabinet for SMEs (package payments, regular payments, sub-accounts, expenditure control, co-branded cards, prioritized applications processing, preparation of electronic reports, statistics and analytics)
32
07.2019
The locking from the TOP cryptocurrency exchanges through the partner trading accounts
33
08.2019
The presentation of cold savings accounts
34
08.2019
The integration and testing of the instant transfer systems
35
09.2019
The provision of the test access to the portfolio investment formation module
36
09.2019
The completion of open testing and the presentation of the first managers and analysts – users
37
11.2019
The integration of biometric authentication
38
12.2019
The presentation of the system automation commercial version based on its own AI
39
01.2020
The first distribution of 65% fees and charges collected in 2019.
40
02.2020
The integration of a private Pension Fund (most likely Jersey)
41
03.2020
The submission for SWIFT membership status
42
04.2020
The completion of the first “foot” bankers training and the program startup
43
05.2020
The presentation of the venture capital fund composed of the ecosystem top users and internal funding platform
44
07.2020
The integration of the access to investments in government bonds (developing countries)


Token info

Token
DTRC
Platform
Ethereum
Type
ERC20
PreICO price
1 DTRC = 1 USD
Price in ICO
1 DTRC = 0.01 USD

BONUS

Pre-sale35%

Investment info

Accepting
ETH, BTC, BCC, LTC, Fiat
Distributed in ICO
73%
Soft cap
1,000,000 USD
Hard cap
51,000,000 USD
Contacts
The developers can be contacted using the link below:

ETH Address : 0x4be0D62Fc296136326F1A6BB6E3A543472c41820

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