Debitum Network price is $0.00067095
The present price of Debitum Network (DEB) is $ 0.00067095. In the past 24 hours, its value has increased by +0.00%%.
The Debitum Network (DEB) is an ingenious hybrid financial ecosystem aimed towards small business financing. It combines Ethereum blockchain technology with conventional fiat methods to facilitate the borrowing and lending process. The Debitum Network brings together various stakeholders such as SME borrowers, local and regional risk assessors, debt collectors, insurers, and global investors via interconnected, trust-based smart contracts.
The Debitum Network was developed by a team of skilled professionals dedicated to offering SMEs an alternative avenue for financing their operations. While the exact identities of the founders are not provided, their commitment to improving access to funding for small businesses through a combination of blockchain technology and traditional financing methods is evident in the design and function of the DEB token and the broader Debitum Network.
Debitum Network is built on the Ethereum blockchain, which allows for transparent and secure transactions. The platform leverages smart contracts to govern the relationships between all parties involved in the financing process. This ensures a level of accountability and trust within the ecosystem. Principal and interest transfers are done using traditional fiat currencies, bridging the gap between conventional banking systems and modern blockchain technology.
The key defining feature of the Debitum Network is its blended approach to SME financing. By integrating both blockchain technology and conventional fiat systems, Debitum facilitates a more accessible and transparent financing ecosystem for small businesses. This hybrid system incorporates diverse stakeholders, making for a comprehensive and trustworthy solution to SME financing challenges.
Moreover, the Debitum Network uses trust-based smart contracts to secure and reinforce relationships between all parties in the ecosystem. This empowers SME borrowers, risk assessors, insurers, debt collectors, and investors alike, leading to a more balanced and interconnected financial system.
The total supply of Debitum Network (DEB) tokens is 400.0M.
You can purchase Debitum Network (DEB) tokens on the following cryptocurrency exchanges: Lykke, KuCoin, STEX. Please remember that it's essential to do your research before purchasing any cryptocurrencies due to their volatile nature.
While the specific steps to safely store Debitum Network (DEB) tokens will depend on the type of wallet you use, the general principles are the same as storing any other type of cryptocurrency. Always ensure that your wallet is secure, regularly update your wallet's software, and keep backups of your wallet in multiple locations. And, never share your private keys with anyone else. Remember, the safety of your DEB tokens ultimately lies in your hands.
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