What is DAGT
DAGT (Digital Assets Guarantee Token) is a digital asset credit guarantee platform based on Ethereum public blockchain technology and intelligent contract technology. The goal is to establish transparent information, efficient collaboration, and high-speed transfer of digital asset value. Trusting a distributed credit system Throughout the crediting environment, users can use a "DAGT" pass or other pass to pay for credit service fees to obtain financial services provided by financial institutions working with the DAGT project.
Lenders can lock their digital assets (BTC, ETH, etc.) into smart contracts through the DAGT platform. DAGT will issue appropriate credit qualifications and provide lenders with quality services.
According to the actual needs of users, the DAGT system is built on the Ethereum and smart contract technologies. Some of the benefits of the blockchain is that it cannot be tampered with as it is a decentralized technology. DAGT uses blockchain technology to build and establish new features, like assets storage and transfer.
DAGT is a decentralized digital asset collateralization credit system that will create a platform for digital asset holders that are professionally trusted, smart, efficient, open and transparent, mobile and inclusive
DAGT’s Operation Model
DAGT provides blockchain and financial services to three categories of people: (1) C-side digital investors; (2) DAGT token holders; (3) B-side compliant financial lending institutions.
The process that C-side digital asset investors have to complete on the DAGT platform to obtain liquidity from their digital assets:
STEP 1. Credit application
Register and apply for loan credit qualifications
STEP 2. Credit information
Users should enter their credit information
STEP 3. Locked smart contract
Send digital assets to wallets based on smart contract
SETP 4. The letter of credit created and loan approved
DAGT creates the letter of credit, and B-side compliant lending institutions approve loans. Loan institutions having cooperation with DAGT will distribute loans to banks in accordance with credit qualifications and basic information.
First, the advantages for C-side digital investors:
- Increase the liquidity of funds. Pledging a certain amount of digital assets can obtain funds from B-side compliance loan agencies and increase the liquidity of individual funds and value of digital assets which are used for investment, financial management, daily consumption or travel.
- Increase the security of digital assets. “Blockchain +”, as the underlying technical structure of fintech, realizes the centralization of credit verification, transaction data that cannot be tampered with, capital circulation as well as financial transactions and transparent risk m
- Increase the long-term stability and security of digital assets (avoid forced close positions from exchanges). When using leverage to invest in digital exchanges, you may be forced to close your position because of a substantial shock in the prices of your digital assets, non-fulfillment of your additional bond obligations, irregularities in policies, or temporary changes in trading rules. The DAGT platform can help you avoid these losses. DAGT provides fund services to digital asset investors with a lower digital asset/liability ratio, boosting investor confidence in the risk of large market price shocks. In the meantime, according to investors’ needs, DAGT can promptly carry out currency-taking operations to ensure the stability and security of long-term digital asset holdings.
Second, the advantages for DAGT token holders:
- Value-added benefits: When DAGT is listed on exchanges, you can get multiple value-added benefits.
- Dividend income: In the DAGT project operation process, dividend income will be distributed according to a certain proportion and time.
- Fund services: DAGT tokens are valuable in their own right. Users pay for credit facilities through the use of DAGT tokens for funding services provided by compliant financial institutions in cooperation with the DAGT project. (There are already several CFL partners as of now).
Third, the advantages of a B-side lending CFO:
- Quality borrower: At present, the digital currency in circulation has reached as high as USD 200 billion and a large number of individuals are holding cryptocurrencies. For banks, small loan companies and online loan institutions, trust relations and strict information review mechanisms are needed to establish credibility with borrowers, such as reviews of identity information, academic information, credit information, social relations, personal housing and vehicle information. However, the basis of trust is not solid. In the blockchain, you do not need to trust a counterparty. When borrowers need funding services, they can verify with DAGT and get a credit certificate, which can be verified by any lender. Using the features of digital assets and blockchain technology, DAGT provides lenders with quality borrowers and enhanced risk control systems. When the borrower defaults, smart contract will be triggered to protect the lender.
- Increase the rate of return. Research shows that digital asset holders generally have the characteristics of pursuing higher returns with higher risk. DAGT will screen the B-side compliance lenders for high-quality borrowers who can afford higher interest rates.
- The security of repayment. DAGT has opened up API interfaces with several of the world’s leading digital asset exchanges and utilizes blockchain’s decentralized and non-tamper features to enable rapid stop-loss even in the face of extreme risks. In addition, DAGT uses smart contracts to set up a security reserve and deposit when working with compliance lending financial institutions. When the pledged digital asset value cannot cover the principal and interest, DAGT will initiate the smart contract to repay with a two-tiered deposit.
Summary
According to the research report published by Morgan Stanley, the global online lending market will reach USD 150 billion in total by 2020. The major countries include the United States, Britain and China. At the same time, with the maturity and development of blockchain technology, digital assets are becoming an asset allocation approach for individuals and organizations. Utilizing blockchain technology featured with decentralization, tamper proofing and transparency, digital assets are applied as a collateral to the lending market to establish a solid trust relationship between C-side digital asset holders and B-side compliance financial institutions. This is a very large and promising market which DAGT is working on. DAGT tokens holders have the opportunity to yield significant benefits through both online trading and long-term holding.
The DAGT platform plans to launch a private and public ICO soon, please stay tuned. Should you have interest in it, please feel free to contact us: market@dagt.io.
System Architecture
Will provide Web-based user function entries, such as: APP, PC, etc.;
TPGS
Using blockchain technology, credit user registration, credit extension, and appointment services are platform, smart, and real-time. Credit users can quickly complete the crediting process and send user credit information to third party lending institutions in real time.
Data and API services
TPGS will open some of its API data and interface to third-party lenders, and DAAD will access a number of digital asset exchanges through the API interface;
Oracle oracle service
Through Oracle oracle to open the chain of communication outside the chain, to achieve business processes trusted data outside the chain and contract digital asset intelligence in the chain;
DAAD
Interconnection of automated trading systems with third party digital asset trading platforms to carry out functions such as digital asset monitoring, delivery, early warning, and large data analysis, and integrating intelligent contracts to openly and transparently manage guaranteed products;
ROAD MAP
TEAM
watch the video here ..!!
For more information and joining Dagt’s social media at this time please follow some resources for the following references:
BITCOINTALK PROFILE ;
https://bitcointalk.org/index.php?action=profile;u=1770976;sa=forumProfile
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