Vytis PapeckysICO team member replied on 12 Jan 2018
About Debitum Network
Debitum is an existing business in alternative finance for 3+ years. There is a global credit gap for SMEs of more than $1.5 trillion worldwide. We want to disrupt and revolutionize this by creating a new ecosystem - Debitum Network. It will be a blockchain and trust based ecosystem joining various players (investors, risk assessors, document validators, insurers etc.) to complete end-to-end financing loop for SMEs.
It is very important to have a process based solution here as only such approach allows for a mix of local / global players to close the financing gap, earn money on their services and provide needed juice for SMEs growth and development. Traditional finance institutions are failing hard on this issue for ages - it is time we take it in decentralized hands and solve.
Ratings
Douglas Lyons
Board Advisor- Early Adoption and Strategic Partnerships
Rated on Dec 5, 2017
Rated on Dec 5, 2017
2
2
1
10%
the project is contingent on the development of local or regional counterparties, i.e., verification, risk assessment, insurance, debt collection etc.
I do not believe this to be a viable model, especially in economically depressed or developing countries.
Crowdsale hard cap is set at 50 000 ETH, the funds needed to develop Debitum Network to a full production version. I do not believe this ico will raise $23mil usd.
+2Agree
+1
-1Disagree
Report
Nikolay Shkilev
PhD | Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | Mentor
Rated on Feb 19, 2018
Rated on Feb 19, 2018
3
3
2
5%
This rating's weight is reduced by 50% as there is no review added.
Nathan Christian
Blockchain Technology Consultant
Rated on Jan 17, 2018
Rated on Jan 17, 2018
3
3
3
5%
This rating's weight is reduced by 50% as there is no review added.
Tyler Sanford
Blockchain & Marketing Consultant | Community Management
Rated on Feb 7, 2018
Rated on Feb 7, 2018
3
4
3
9%
Not too familiar with the team. Small business financing could use more transparency and I look forward to seeing what Debitum Network is able to accomplish. Good Luck!
+1Agree
+1
Disagree
Report
Cem Goksel Ozargun, MA, PMP, CSM, PSPO
Blockchain Advisor, Blockchain Expert, ICO Investor, Product Manager, Project Manager, Trader, Lecturer, Jack of All Trades
Rated on Jun 22, 2018
Rated on Jun 22, 2018
4
2
2
8%
So many similar products on the market. How do you expect it to be successful? I really don't understand.
The team is good so they deserve 4 points but can't say the same for vision and product. 2 points for those...
Agree
0
Disagree
Report
P.B. Stanton Esq.
Securities and Banking law | Former US Marine JAG Officer | Complete legal advisory
Rated on Jan 17, 2018
Rated on Jan 17, 2018
3
4
3
3%
This rating's weight is reduced by 50% as there is no review added.
Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Feb 19, 2018
Rated on Feb 19, 2018
3
3
3
3%
This rating's weight is reduced by 50% as there is no review added.
Oliver Isaacs
Blockchain Investor, Advisor, Influencer, Speaker
Rated on Feb 17, 2018
Rated on Feb 17, 2018
4
4
4
3%
This rating's weight is reduced by 50% as there is no review added.
Mike Blackwood
ICO Adviser | Marketing expert
Rated on Feb 19, 2018
Rated on Feb 19, 2018
3
2
2
3%
This rating's weight is reduced by 50% as there is no review added.
Berkay Alp
ICO Analyzer
Rated on Nov 17, 2017
Rated on Nov 17, 2017
3
3
3
3%
This rating's weight is reduced by 50% as there is no review added.
Vytis PapeckysICO team member replied on 12 Jan 2018
Hi,
Thanks for your rating. If you have any comments, we would love to read them. Our project has improved a lot since you have rated us in Nov17. Take a look at: https://debitum.network.
If there is a chance, we would appreciate our rating improvement.
Regards.
Thanks for your rating. If you have any comments, we would love to read them. Our project has improved a lot since you have rated us in Nov17. Take a look at: https://debitum.network.
If there is a chance, we would appreciate our rating improvement.
Regards.
Joan Vallès
Wealth Manager and Advisor, Angel Investor
Rated on Dec 28, 2017
Rated on Dec 28, 2017
3
3
2
3%
This rating's weight is reduced by 50% as there is no review added.
Vytis PapeckysICO team member replied on 12 Jan 2018
Hi,
Thanks for your rating. Would you be able to provide any comments? We have announced some news considering our team, product development etc. after you have rated us. Is there any chance you could reconsider your rating?
Regards
Thanks for your rating. Would you be able to provide any comments? We have announced some news considering our team, product development etc. after you have rated us. Is there any chance you could reconsider your rating?
Regards
Ricardo Ruiz
Ricardo
Rated on Jan 16, 2018
Rated on Jan 16, 2018
3
4
2
2%
This rating's weight is reduced by 50% as there is no review added.
Vytis PapeckysICO team member replied on 18 Jan 2018
Hello,
Thanks for the rating. Would you mind to provide any explanation for it? We got 2 for product. I want to let you know that we have a working MVP on ethereum blockchain which many of the ICOs lack. We have already raised enough capital during Round A for product development which we have already started. We have a strong IT background and we are planning product launch on Q3 2018.
Appreciate to hear your thoughts.
Thanks for the rating. Would you mind to provide any explanation for it? We got 2 for product. I want to let you know that we have a working MVP on ethereum blockchain which many of the ICOs lack. We have already raised enough capital during Round A for product development which we have already started. We have a strong IT background and we are planning product launch on Q3 2018.
Appreciate to hear your thoughts.
Vladyslav Antonov
Entrepreneur, Investor, ICO Analyst
Rated on Feb 16, 2018
Rated on Feb 16, 2018
3
4
2
5%
- Another blockchain "financing service". This area is highly competitive and I can name at least 7 or 8 "crypto financing" projects that I came across recently. Majority of them work in B2B areas;
- Weak marketing video. The problem and solution is not described properly
- Small team but strong advisory board including CO-FOUNDER of BANCOR and good legal team. Solid 3/5
- Solid and well-done white paper with details about technical product and business model
- Clear and solid token economics
- Didn't find any significant competitive advantages in compare with other projects.
Agree
0
Disagree
Report
Ricardas Bernotavicius
ICO expert. Investor. Founder at IUNGO.Network and few other companies in MedTech and IoT sector.
Rated on Dec 17, 2017
Rated on Dec 17, 2017
5
5
5
2%
This rating's weight is reduced by 50% as there is no review added.
Vytis PapeckysICO team member replied on 12 Jan 2018
Thanks a lot!
Lluis Saltó
Rated on Jan 10, 2018
Rated on Jan 10, 2018
3
3
2
4%
Vytis PapeckysICO team member replied on 12 Jan 2018
Hi,
Please read our newest blog post about new team member: https://blog.debitum.network/mart-lume-explains-why-he-decided-to-join-the-debitum-network-team/
Debitum team comes with hands on experience in both IT and fintech with established 2 successful companies.
If you find this information reasonable, we would like you to reconsider your rating.
Regards
Please read our newest blog post about new team member: https://blog.debitum.network/mart-lume-explains-why-he-decided-to-join-the-debitum-network-team/
Debitum team comes with hands on experience in both IT and fintech with established 2 successful companies.
If you find this information reasonable, we would like you to reconsider your rating.
Regards
Amarpreet Singh
Blockchain & ICO Advisor | Fintech | Innovation | Machine Learning | AI | Speaker & mentor
Rated on Feb 24, 2018
Rated on Feb 24, 2018
5
5
5
2%
This rating's weight is reduced by 50% as there is no review added.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
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Press Releases
Financial
Token info
Token
DEB
Platform
Ethereum
Price in ICO
0.1060 USD
Bonus
| up to 500 ETH raised | 1 ETH = 7,800 DEB |
| up to 2,000 ETH raised | 1 ETH = 7,500 DEB |
| up to 6,000 ETH raised | 1 ETH = 7,150 DEB |
| up to 14,000 ETH raised | 1 ETH = 6,850 DEB |
| up to 20,000 ETH raised | 1 ETH = 6,500 DEB |
Tokens for sale
400,000,000
Investment info
Min. investment
0.05 ETH
Accepting
ETH
Hard cap
20000 ETH
Raised
$16,574,40020,000.00000000 ETH
Milestones
1
2015 – Q2 2017 - Start of the company
- 2015: Incorporated DEBIFO – an alternative finance company
- 2016.01: Joined Mintos p2p finance platform
- 2016.10: Reached financing agreement with a private debt fund MUNDUS
- 2017.02: Envisioned Debitum ecosystem
- 2017.06: Reached 3M EUR portfolio, nearly 20M EUR asset turnover
2
Q3 2017 - Creating Proof of Concept
- 2017.07: Expand core team with business and technology advisers
- 2017.08: Establish global business development team
- 2017.09: Build and deploy MVP version on Ethereum Ropsten blockchain
- 2017.09: Align with first counterparties of ecosystem
3
Q4 2017 - Raising funds via Crowdsale
- 2017.10: Launching of the marketing campaign
- 2017.10: Expanding the Debitum Network community
- 2017.10: Incorporating Debitum Network
- 2017.11: Crowdsale
4
Q1-Q3 2018 - Building Debitum Network 1.0
- 2018.03: Expanding Debitum Network team to prepare for global expansion
- 2018.06: Establishing Debitum Network in the first target country
- 2018.09: Testing and auditing Debitum Network 1.0 before public launch
5
Q4 2018 - Debitum Network 1.0
Develop Debitum Network ecosystem version 1.0 with manual on-boarding of asset generators, investors and additional service providers