Depository Network (DEPO) is the world's first multi-platform network enabling all traditional credit institutions worldwide and P2P lending platforms to accept digital assets as collateral. By building and spreading DEPO globally, our aim is to reach a tipping point for mass adoption of using blockchain assets in traditional lending.
Depository Network is the world`s first multi-platform network enable lenders (P2P lending marketplaces, banks, other credit institutions) to accept digital assets as collateral.
More than 50,000 banks, sub-prime lenders, consumer finance companies, crypto lenders and P2P lending platforms all over the world. goal is within 7 years to reach 5 % penetration in global lenders market.
Depository Network will provide secure decentralized crypto asset collateral system on which can be build hundreds of collateral depository platforms. This way, every owner of digital assets, holding coins or tokens supported by Depository Network, can pledge his assets as a collateral and receive a loan from a number of lending institutions. On the other hand, any lender, all over the world, will be able to build its own depository on Depository Network and start accepting digital assets as collateral.
Thus, every lender will keep the collateral assets in separate independent depository.
All lenders define own terms for accepting, control and release of the collateral.
Loans will be provided independently from the Depository platform, in any currency supported by the respective lender.
To ensure the full security of our platform we use cryptographically secure multisignature wallets to store the assets, and smart contracts to execute the transactions.
The borrower (owner of the assets) is always one of the key-holders whose signature is required to perform a transaction. Keys are kept also by the lender and DEPO so that none of the parties can act on its own discretion. Three, four ot five multi-signature wallets will be used depending on the amount of collateral.
There will be two types of collateral smart contracts:
1. DEPO Smart Contract - with no middleman. It will be fully integrated with the lender’s APand and will be triggered by an event such as a payment, missed payment, contract termination, etc. It will be created for assets issued on platforms such as Etherium, EOS, Cardano, Qtum, Lisk, Aeturnity and others containing smart contracts.
2. DEPO Escrow Contract - Locked with minimum three signatures - one for borrower, one for lender, one for DEPO. DEPO collateral contracts will be used for digital asstets (coins and tokens) without smart contract support.
The current pledge registers are strictly centralized state structures maintained separately by each country. Depository Network will overtake these functions from the state and provide them to the businesses. This will greatly boost the cross-border nature of the credit economy.
|“||2017: Concept Definition.
2018 Q1-Q2: Team Formation, Preparations.
2018 June: First Prototype DEPO.
2018 Q3/Q4: Private and Public Pre-sale, ICO.
2018 Q3: Alpha Release DEPO.
2018 Q4: Beta Release DEPO.
2019 Q1: Official Launch of DEPO.
2019 Q4: Users: 10 P2P lending platforms and 50 non-bank lending institutions.
2022: Users: 50 P2P lending platfirms, 100 banks and 500 non-bank lending platforms.
2025: Users: 800 banks and 1500 non-bank lending institutions.
|Kapil Sharma||Business Development & Strategy||https://www.linkedin.com/in/kapiluk/||Advisors||4.7|
|Hans Choi||Blockchain Developer & Architect System Analysis||https://www.linkedin.com/in/hans-choi||Advisors||17.8|
|Giovanni Casagrande||ICO bench Advisor||https://www.linkedin.com/in/giovanni-casagrande-%E2%9C%85-219a68159/||Advisors||24.4|
|Dimitar Ivanov||Legal Advisor||https://www.linkedin.com/in/dimitar-ivanov-b42122115/||Advisors||4.7|
|Konstantin Djelebov||Technology Board Advisor||https://www.linkedin.com/in/konstantin-djelebov-ba606395/||Advisors||4.7|
|Svetoslav Dimitrov||CEO & Co-Founder||https://www.linkedin.com/in/svetoslav-dimitrov-3a018718/||Team||4.7|
|Dimitar Kostov||Technology Board Member and Investor||https://www.linkedin.com/in/dkostov/||Team||4.7|
|Martin Kuvandjiev||Technology Board Member||https://www.linkedin.com/in/martin-kuvandzhiev-061615a2/||Team||4.7|
|Delyan Nikolov||Co-Founder & Chief Strategy Officer||https://www.linkedin.com/in/delyan-n-44866831/||Team||4.7|
|Valeri Valtchev||Co-Founder & Business Development||https://www.linkedin.com/in/valeri-valtchev-529501/||Team||4.7|
|George Spassov||Blockchain Architect||https://www.linkedin.com/in/george-spasov/||Team||4.7|
|Petar Markov||Co-Founder & Marketing||https://www.linkedin.com/in/p-markov/||Team||4.7|
|Nick Todorov||Blockchain Developer||https://www.linkedin.com/in/nicktodorov/||Team||8.9|
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