Distributed Credit Chain

Hello to all and welcome to my ICO review . For those of you who don't know me yet, let me introduce myself. My name is Funke and I'm an experienced writer who enjoys what he does very much. I'm here to give you all the information you might need or want about The Platform That Empower Credit and Enable Finance. I plan to make them “easy read, to the point” because what's important to me is that we all comprehend and absorb the information and actually want to be here learning together about something new.

Today, let us all learn and experience together all about Distributed Credit Chain. If you don't know anything about them, don't run away, that's why I'm here, to change that within the next few minutes. Before I begin, I just want to quickly mention that I will be including LINKS so that YOU can do your own research or whatever you feel you need. I feel it's best to have all of the information in one place, in an organised manner, rather than dotted about the page making what you want hard to find or confusing. All these links will be put at the BOTTOM of this page to keep things easy.

Distributed Credit Chain (DCC) is the world’s first distributed banking public blockchain with a goal to establish a decentralized ecosystem for financial service providers around the world.
By empowering credit with blockchain technology and returning ownership of data to individuals, DCC’s mission is to transform different financial scenarios and realize true inclusive finance.
A core supply chain will be established — DCCs to set business standards, unify the books, execute business contracts, implement payment and payment services, etc.
The project team hopes that after a long period of development (from 5–10 years) the banking system will be able to become an important node of new finance, and traditional businesses can Participating in distributed business ecosystems through distribution banks.
The project will commence credit business on the DCC, and rebuild the business ecosystem of traditional credit through decentralized thinking and distributed technology.

I am going to get straight to the point of who they are since this is such an important factor, as I like to put it, “The Brains behind Distributed Credit Chain”. If the team behind the product or service in question haven't the resources or knowledge, then we know the product or service delivered will possibly not have the quality it should have. We need to know two very important things when we look at a new starting up company:
Who are the people/team behind this?

What experience and knowledge do they possess?

Okay, so, because I've already done all the research needed beforehand and thoroughly Distributed Credit Chain I can very happily confirm that this company has a fabulous team onboard. Here they are:

ISSUES ENCOUNTERED

The traditional financial industry is highly centralized. Financial transactions rely heavily on the endorsement and support of large financial institutions, with substantial transaction fees paid out to these institutions. Monopolistic financial institutions have in fact raised lending rates for borrowers and reduced the interest income for lender.

Cost
The core model of a credit agency is to share the costs of non interest-earning elements and bad debts by charging the "good guys" who can pay back the money. For borrowers, it brings an additional cost.

Efficiency
From the credit agency's perspective, a lot of time and efforts are wasted in verifying the credit of borrowers who do not meet the agencies’ risk criteria, which leads to wasting resources and decreasing efficiency.

Profiteering
A centralized credit model entices many financial institutions to deviate from their primary purpose— serving customers. Aiming for profitability, they deduct lenders while squeezing borrowers, and expand their profits by extending their customer base.

LETS SEE BELOW HOW THE HIGHLIGHTED PROBLEMS ABOVE HAVE BEEN RESOLVED BY DCC

Borrowers
Individuals with specific borrowing demand establish blockchain account to authorize data service provider and Initiate borrowing request

Data Service Provider
Integrate individual data and store them on the chain, clean dirty data, and provide data standards.

Credit History Feedback
The approved credit history reports generated on blockchains prevent problems such as long-term borrowing and repeated test borrowing.

Funding Providers
Not directly involved in lending but provide funding (such as ABS-purchasing institutions).

Risk Assuming Institutions
Operate a credit business by earning income from bearing specific risks, manage loans in progress and collect after loan

DCC ECOSYSTEM

DCC is the credential used to pay for jobs in the Distributed Credit Chain. Any work in the DCC needs to be paid for with DCC. DCC balance is managed through DCC token contract to maintain a fixed total amount of DCC. As the financial service system in the DCC grows, more and more distributed business scenarios are embedded and used more frequently, which greatly increases the liquidity.
DCC's payment is handled based on the DCCpayment contract, which is responsible for the DCC payment rules for multi-payer participation.

TOKEN AND ICO DETAILS

The Token Sale will fund the development and adoption of the DCC platform.

Token name: DCC
The total supply of ERC20 tokens will be 10,000,000,000.

In the private round , famous qualified investors in the fields of credit and banking will be invited for the investment, with the fundraising percentage no more than 18%, and the investment amount of single investor no less than 100ETH. At this stage, DCCs will be locked, with 25% of the total to be unlocked before the opening of exchange, and another 25% to be unlocked every two months, with the full amount to be unlocked in 6 months.
In ICO round, 200,000,000 DCCs will be issued to Non-Chinese and American investors. All these will be directly circulated. DCC token will be exchanged by ETH. The contributions in the token sale will be held by the Distributor (or its affiliate) after the token sale, and contributors will have no economic or legal right over or beneficial interest in
these contributions or the assets of that entity after the token sale. To the extent a secondary market or exchange for trading DCC does develop, it would be run and operated whollybindependently of the Foundation, the Distributor, the sale of DCC and Distributed Credit Chain. Neither the Foundation nor the Distributor will create such secondary markets nor will either entity act as an unlocked in 6 months

Token Distribution