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
Contacts
The developers can be contacted using the link below:
ETH Address : 0x4be0D62Fc296136326F1A6BB6E3A543472c41820
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