Quick Facts About Debitum Network
- Business borrowing ecosystem allowing small businesses to access financing
- 1 ETH = 3,750 DEB token
- December 7, 2017 — December 21, 2017
- 240,000,000 total available / 400,000,000 total supply
- Advisor (Eyal Hertzog) is Co-founder of Bancor
What is the Debitum Network?
We are a business borrowing ecosystem that allows smaller businesses to access financing needed for growth. At the same time, it allows investors to lend fiat using a decentralized, trust based network of needed service providers (like risk assessment, insurance, debt collection). Our goal is to redistribute financing so that smaller companies can get more of it and can grow and compete with large and wasteful corporations.
The main ICO will begin on December 7, 2017 and will end on December 21, 2017. There are a total of 240,000,000 Debitum Network tokens (DEB) available during the main ICO, representing 60% of the total 400,000,000 supply. A hard cap of 50,000 ETH is set for this period.
Step 2: January 25th 2018 — February 25th 2018
Step 3: TBA
DEB is an ERC-20 token, so it’s important that contributors use ERC-20 compatible wallets to send funds to the ICO smart contract, and to receive the DEB tokens.
Token Distribution Information
There are a total 400,000,000 DEB tokens being created, with 240,000,000 available during main ICO.
Contributors will receive their tokens immediately after transaction. Tokens will be frozen until the end of Round B. Visit the Debitum Network website for more information and the contribution address.
Use of Crowsale Proceeds
View the Debitum Network website here.
View the only comprehensive list of active and upcoming Initial Coin Offerings here.
(1)Debitum Network Website, Debitum Network (2017)
(2)Debitum Network Whitepaper, Debitum Network (2017)