DarcMatter Coin: Creating Transparency in Financial Services via Blockchain

in #ico • 7 years ago (edited)

Introduction

Banking and investment industries are one of the most lucrative industries today. But the current industry is centralized, which has been the cause of fraudulent services in the past. There are no means to track the funds so once the investors give out the money, it is entirely in the hands of the company to use privately and there are absolutely no means to assure the correct use of these funds. This is where the blockchain technology comes in. The blockchain was primarily made to host transactions of assets in a decentralized, transparent and secure manner. There are no possible means to corrupt data once it is on the blockchain. DarcMatter aims to leverage the blockchain to create a decentralized alternative investment platform.

Adding blockchain to the investment and banking industry not only adds transparency and security but also adds rapid transaction speeds and removes any extra transaction costs.

What is DarcMatter?

DarcMatter particularly aims to create the platform for the accredited investors and alternative investments. It is a fully functional centralized platform as of now that aims to add transparency and blockchain grade security to it. The platform currently allows international investors across the globe to access the alternative fund investments. As of now, the platform is accepted and functional in 24 countries and given its current success, the team is eager to add a cutting-edge technology to their platform.

An alternative investment is an asset that is not one of the conventional investment types, such as stocks, bonds, and cash. Most alternative investment assets are held by institutional investors or accredited, high-net-worth individuals because of the complex natures and limited regulations of the investments. Due to these reasons and the opacity of the current platforms, alternative investments are open to fraudulent services.

Features of the platform

  • Seamless cross border investment capabilities.

  • Documentation tracking for multi consensus and logging.

  • Additional asset classes being seamlessly distributed through the entire investor vertical.

Alternative investment, is although a trillion dollar industry it is barely the one section of the massive investment market. Most of the industry is focussed on P2P payments and other financial services. The DarcMatter team believes that with addition of the blockchain to their platform, the platform will revolutionize the broken traditional investment banking industry to the benefit of start-ups and the investors.

Token and ICO details

The DarcMatter Coin (DMC) will be used for all the transactions over the platform. Although the token is listed as a utility token, there is not much use mentioned about the token apart from the interaction with the platform. The utility of the token is listed below:

Token Details:

  • Total supply: 1Billion DMC

  • ICO price: 0.2USD

  • Pre-sale bonous: 28%

Out of 1Billion tokens, 50% will be available for the crowd sale and the rest will be reserved for the employees, developer and the private investors. The crowdsale begins on 16^th^ of June 2018, and will last until 30^th^ of the month.

Conclusion

DarcMater is set on a very ambitious task to disrupt the traditional alternative investment industry. The platform idea is not completely unique, given the efficient nature of blockchain, there have been many start-ups with similar objectives like Iconomi and Melonport. The platform, is lacing behind it competitors but, will however, have a great advantage given its current establishment in multiple countries and an available working platform with thousands of investors.

DMC does not have a massive hype according to many available websites, however the platform lists enormous future utilities and features in its white paper, and given the current state of the industry, DarcMatter may be able to successfully revolutionize the investment market in the future.

Website - https://dmc.darcmatter.com/

Whitepaper - https://www.dropbox.com/sh/fbhm6pgmbp5ktn6/AACK1_QfUEdlmm46ob_2fyE-a?dl=0&preview=DMC_Whitepaper+(v2.5)_EN.pdf

ANN - https://bitcointalk.org/index.php?topic=2990067.0

Telegram - https://t.me/DarcMatter

Published by - dannywhelan

Profile - https://bitcointalk.org/index.php?action=profile;u=1606458

#blockchain #cryptocurrency
7 years ago in #ico by
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