Website: https://dcc.finance/
Whitepaper: https://dcc.finance/file/DCCwhitepaper.pdf
Telegram: https://t.me/DccOfficial
The DCC platform will be developed on the blockchain technology to solve the problems of current lending,with the advantages of a decentralized system architecture.The main feature of the crediting process, which is developed by DCC, is the takeout of various intermediaries from this process. And I'm not just talking about intermediaries like banks that take loans from a central bank and resell the money for big interest, and it's also intermediaries formed because of the demands of the banking system, for example, requirements for good credit history, etc. In this regard, various consultants and predictors, managers, etc., collecting money for their services, but missing the moment that the borrower understands less and less his rights and needs in this matter.
How the developers will achieve this result will be discussed further. In the system, all will be assigned the DCCID parameter, which by functionality is a normal ID, that is,it is responsible for the identification or uniqueness of users. But DCCID will also include the user's personal information, such as the real name, information about the bank's current bank cards, the number of assets. As well as information about the loan request, loan specifications, payment specifications and other information related to the loan.
Thus, DCCID is a decentralized account system for authorizing and recognizing users. To ensure the proper level of security, DCC uses digital signatures at every step of the data exchange. All of the above information is transferred from DCCID to smart contracts without any intermediaries, it also increases the level of data security. Data in the DCC system is stored distributed among users.
Now let's move on to the overall algorithm of the system, which should solve the problems of current lending. Data processing agencies will provide accurate and high-quality forecasts, and most likely both the source data and market analysis recommendations. With the help of this data, which is transferred to the user, he chooses the necessary payment strategy, institution, payment format, etc. Next, the user pays for interaction with the system, whether it is a request for a loan or simply registration of personal data. For these investments, the DCC system purchases data certification and distribution rights from data processing agencies. This is the general picture of the DCC ecosystem.
The system of wallets is completely the same as for Ethereum: the wallet consists of a private key, a public key and the address by which it can be found. More and more security testing stages, in almost every system and every process built into the DCC.
During the ICO, ten billion tokens will be distributed.
In the first private stage, 18% of the total number of released tokens will be sold, and from this number every two months will be issued at 25%, starting even before the start of exchanges.
In the second public stage, 2% of the total number of tokens will be distributed.
These 2% will be distributed between non-Chinese and non-American investors. You can buy DCC tokens over ETH.
28% of the total number of tokens will be determined for further development of the platform, research, business cooperation, etc. These funds will be frozen for a year.
15% of the total number of tokens will be distributed as a reward for the advertising of the project, mentioning on social networks or the publication of individual articles, as well as for the team of the startup system and consultants - these funds will be frozen for a year, defrosting will occur part-time annually.
17% of tokens will be allocated to reward the partners of the DCC ecosystem: 100 million tokens will be a reward for the year of cooperation, from fifty to ninety million will be a reward for the following year within the next five years, after six years the reward will be fifty million. It is calculated on more than seventeen years of payment of rewards.
And 20% of the total number of tokens will be reserved for the management team. They will also be frozen for three years with a defrost of 25% annually.
The roadmap
Let's see the steps of the project development in the past and look into the plans for the future. In August 2017, a project was created a project for the DCC development,in September of the same year, a unified system of identification on the testing Ethereum network was created, in October a basic DCC test network was developed, in December an online loan declaration contract was issued on the DCC test network.In February of 2018 the exchange of tokens was initiated,in March,the first loan product was launched on the basis of Dapp applications on the DCC network,in April the online DCC platform was launched,and in May interaction with more than 5 credit institutions,processing data and risk controlling institutions was initiated.
In the second half of 2018 it’s planned to create an open self-creation API of DCC,to justify a unified MPC,and at the end of 2018,it’s planned to join the indonesian credit market .In early 2019 -to enter the credit market of Vietnam,and other countries of South Asia.For 2020,plans include moving the platform to a public blockchain system,developing an asset management system on public blockchain,developing a Distributed Settlement system.
The conclusion
As we see,DCC is trying to cover the whole world,while repelling such big players as China and America,so that their network becomes truly decentralized and there will not be likelihood of monopolization.The project proved to be a worthy and reliable investment in the future.
