DATARIUS - Financial blockhain technology first social P2P cryptobank

DATARIUS has and continues to develop decentralized lead generation technology founded upon the idea of crowdsourcing data collection and blockchain technology Service will reduce costs for search and validation of the audience required for business.

As a P2P platform, this system allows users to decide for themselves whether to use the service and application variables. This allows almost reducing overall transaction costs. Datarius serves as a direct liaison between lenders, borrowers, and related services - managers, analysts, insurance companies, funds, trading terminals.

The company Fintech iCrypto SA, developing Datarius Cryptobank , is at the forefront of the new digital economy. The Datarius project is a new kind of social cryptobank with transparent conditions. In the cryptobanking industry, Datarius will be the first financial institution to offer its customers the full range of financial services implemented in a decentralized system.

The uniqueness of Datarius Cryptobank is that this project allows customers to get the service, tailored to their needs. Datarius will operate on a peer-to-peer (P2P) ecosystem, where participants are private users, and not banking institutions. This is nothing new in the financial markets, but the system offered by Datarius inherits the best of traditional banking products , adapting it to the principles of a decentralized operating system. Such a platform would be the perfect solution for people without credit history, to whom traditional banks can not provide loan proposals, or for whom the current offerings in the market will cost more.

Unlike most developers who continue to promote the monopoly of world financial markets by big players, the Datarius team aims to create a perfect financial institution that will adopt all the advantages of traditional financial organizations, leaving behind major losses: non-transparency, uncertainty, lobbying and administrative burdens. . The Datarius model represents a decentralized system in an exceptional and complete format. This includes blockchain technology that ensures the recording and storage of secure information. This excludes the possibility of altering or falsifying any data.

The Datarius project has a global value. It is designed to overcome current difficulties associated with the use of crypto in the non-digital world, introducing integrated crypto money and fiat money options into payment infrastructure for this purpose.

The main mission of Datarius cryptobank is the creation of a P2P system that utilizes the potential of decentralized financial technology within the framework of crypto and real-life payment systems.

Another important part of the Datarius missionis to give the world community access to key financial instruments in the P2P transaction format. In a relatively short time cryptobank clients will receive services that ultimately meet their needs, because the transaction will be in automatic mode, while the service will be adjusted. Any transaction will be much more profitable because P2P-platform does not share loan and deposit products and does not involve staff handling this.

The use of cryptococcus, which does not require central control, and also smart contracts allows to process transactions more effectively and safelycompared with conventional agreements. Datarius is a partially decentralized closed system that sometimes excludes bank participation that allows users to make a profit.

This system allows users to make their own decisions when assessing the suitability of certain services and applications, which minimizes transaction processing costs. Customers choose the service according to their own terms and pay the price without customer service charge.

Technology applied:

The Datarius Market P2P loan system has two main goals:

To improve reliability and to automate the technical aspects of lending with contracts and record smart data in blockchain.
Analyze and classify loan applications based on risk level through algorithmic selection and, in some cases, processed by Datarius system analyst

To access the Datarius P2P loan system, the user must undergo a KYC verificationprocedure of a so-called principle (Know Your Client) , by adding personal information to the profile and confirming the mobile number.

Loan disbursement and loan recovery procedures consist of the following steps:
Transaction participants enter into legally binding contracts electronically. Users can request loans in both currency and cryptocurrency.
The creditor sends the asset to a temporary loan account, which is labeled with the contract number.
Smart contracts analyze payment label orders and automatically send currency from an account loan to borrower's account Loaning facts are listed in blockchain.

The token distribution structure is little changed and today is as follows:

☑️Bounty - 2%;

☑️Partners - 5%;

☑️Team - 5%;

☑️Reserve Fund - 15%.

- The number of tokens available for participants remains the same - 73%.

- The structure of ITO's main round has been changed as follows:

☑️30% - 0-6 hours;

☑️25% - 6-12 hours;

☑️20% - 12-24 hours;

☑️ 15% - 24-48 hours;

☑️10% - 48h (HOURS) -15d (DAYS)

☑️0% 15d + -.

- HardCap levels have also been changed. We have taken a clear decision to reduce it to $ 51 million.

DTRC Token

DTRC token (DaTaRius Coin) - utility-token based on the intelligent contract of ERC-20 network of Ethereal. This is the unique access key and the only instrument to participate in the decentralized Datarius cryptobank system The entire set of ecosystem financial products and services is based on the user's direct interaction with each other using the DTRC token.

Financial products are established by system users based on predetermined rules with the help of designers. Customers independently establish and accept interaction terms by using tokens. With the crypto datarius switch to its own blockchain, the DTRC token will be transferred equivalent from 1 to 1.

When performing an internal system operation using a DTRC token, a service charge of 0.02% to 0.15% of the transaction amount is automatically calculated and charged. Costs are calculated using a special algorithm, taking into account factors such as number, type of operation, level of risk, rating and type of users involved. The lowest cost is charged to the most risky operation without involving internal services and partners. Strictly following the principles of sociality, openness and freedom of choice, Datarius cryptobank empowers all active holders of the DTRC token to receive 65% of the fees and charges withdrawn directly.

Distribution will be done annually, starting 2019, proportional to the number of token holders.

Its implementation is scheduled for mid-February 2018. The minimum limit reached at this stage will be considered successful, determined the distribution of tokens in an amount equivalent to 1,000,000 USD (SoftCap). This stage will be completed on a mandatory basis, regardless of the establishment of the final deadline to achieve a distribution value equivalent to 67,000,000 USD (Hard Cap).