The growth of Blockchain is ensuring the dream of Hayek becomes true. Although there is still a lot of progress to be made, just competitive currencies are not adequate to destabilize the traditional financial system already in existence. Neither is it adequate to create a new one. DCC, which is the first public chain in the world for distributed banking aims to provide noticeable change to the financial market.
What is Distributed Credit Chain?
DCC or Distributed Credit Chain is the first publicly distributed banking Blockchain worldwide. It aims to create an environment for providers of financial services worldwide which is decentralized. By supporting credit beside Blockchain technology and providing data ownership back to people. DCC aims to change various economic scenarios and bring about real inclusive finance.
Problems DCC Aims to Solve
There is high centralization in the traditional financial sector. Financial transactions are highly dependent on the support and endorsement of massive financial institutions with large transaction fees made as payment to these institutions. Financial institutions have become monopolistic and have increased rates of lending for borrowers and minimized the lender's interest income.
How will DCC transform the Blockchain industry?
DCC proffers solutions for the largest limitations of the traditional Blockchain currencies which is the absence of true value. The value of DCC comes from the transactions and financial activities of its members.
As the numbers of financial transactions being completed using DCC keep increasing, the digital currency of the DCC will continue having a foundation which is more solid.
The socio-economic operations today go alongside the flow of huge sums of financial capital, which provides DCC with a huge range of invaluable potential and probable commercial applications.
This is the start of Blockchain technology’s commercialization. Based on the massive market demand and by eradicating major drawbacks of traditional digital currencies, DCC can transform to a digital asset of high quality which is worth hanging on to for future purposes.
DCC Token
A total of 10,000,000,000 tokens of DCC would be issued. After 12 months of being released, the total amount in circulation would be 3,700,000,000 which would account for a total of 37 percent.
Well-known qualified investors in the banking and credit fields will be called on to invest with no higher than 17 percent fundraising percentage. The amount a single investor would be allowed to invest would not be less than 100ETH. At this period, DCC will be locked. 25 percent of the total will be unlocked before the exchange opens and every two months an extra 25 percent will be unlocked, and in 6 months, the complete amount will be unlocked.
During the ICO period, American and Non-Chinese investors will be issued 500, 000, 0000. All these will be circulated directly. The hard cap for the ICO is 500, 00,000 DCC tokens. ETH will be utilized in exchanging DCC tokens.
Conclusion
To learn more about DCC, pay a visit to the website at http://dcc.finance and join the Telegram.
