What are DEB tokens?

The Debitum token will fuel every transaction on Debitum Network. Thus, becoming a sustainable token that'll grow in value over time as the Debitum Network eco-system becomes more widespread.

deb illustration

DEB Token use

DEB tokens “fuel” all activities on Debitum Network. Each time a Borrower and Investor take action DEB tokens are used, and a smart contract is signed.

deb token use

These tokens get distributed to all participants in the transaction; a small amount is deducted as a platform fee. After the Smart Contract is signed a signal is delivered to Fiat facilitator, and the investment funds get transferred from investor to borrower.

Example

Borrower

Investor

Logs on to the
platform.

Logs on to the
platform.

Updates account details for Fiat
Facilitator.

Updates account details for Fiat
Facilitator.

Creates an investment
asset.

Selects an investment
asset.

A required DEB token amount is reserved for Platform Fee, Risk Score calculation, and Insurance if selected.

Chooses to invest or requests for additional Risk Assessment/insurance.

After a Smart Contract is signed these reserved DEB token amounts get delivered to each party. A small part of these amounts gets frozen for long-term quality assurance.

A required DEB token amount is transferred for additional Risk Score calculation or Insurance if selected. A small part of these amounts gets frozen for long-term quality assurance.

A signal is sent to Fiat Facilitator, and the investments funds get delivered to Borrower’s account.

After a Smart Contract is signed a signal is sent to Fiat Facilitator, and the investments funds are deducted from the Investor account.

frozen bar

The total amount of DEB tokens is 400 million. It’s not technically possible to create any more DEB tokens, so this is a finite and maximal amount of Debitum tokens to ever exist.

fiat facilitator

Funds and fiat investment amounts are handled by the Fiat Facilitator and do not enter the Debitum Network platform. Both Borrower and Investor provide account details to the Fiat Facilitator which are to be used for investment transfer. Once a Smart Contract is initiated Fiat Facilitator automatically reads the data stored on the Blockchain and initiates the fund transfer between accounts.

For the platform users, this is a seamless experience, and each investment happens with a click of a button.

Use the currency that suits you best

Debitum Network platform gives users possibility to deposit, invest and withdraw in both fiat and crypto. DEB tokens are used in our ecosystem to pay for services.

FIAT

Crypto

Press deposit and
select EUR, GBP or USD.

Open DEB balance
and press deposit.

Make the transfer using banking
payment instructions.

Make the transfer using crypto wallet
instructions.

Balance is updated.

Balance is updated.
Use DEBs for services or exchange to FIAT.

Select assets and invest your
balance.

Select assets and invest your
balance.

After maturity, interest and principal is transferred to your balance.

After maturity, interest in fiat or DEB tokens as well as principal is transferred to your balance.

Continue investing or withdraw your earned money.

Continue investing or withdraw your earned DEB tokens or FIAT money.

DEB Token: Generation and circulation

During our TGE (Token Generation Event) we generated 400 000 000 tokens. You can download our TGE whitepaper

isometric chart2

Where are these 400 million distributed?

The total amount of DEB tokens is 400 million. It’s not technically possible to create any more DEB tokens, so this is a finite and maximum amount of Debitum tokens to ever exist.

40.7% or 160.26 million DEB

Have been sold to the public during Debitum Network Crowdsale, both Round A and Round B.

These tokens have been distributed and currently can enter exchanges.

18.36% or 73.44 million DEB

Are reserved to be sold to the public at a later stage in Debitum Network development to raise funds needed for next step of global expansion.

This will be only done after Debitum Network has successfully launched in all 15 countries indicated for Stage 1 (Central & Eastern Europe).

15% or 60 million DEB

Will be directly distributed to the Debitum Network team – founders, technology developers, ecosystem developers and multiple other team members.

These tokens will be distributed during the next couple of weeks and will be technologically vested for 12 months, until February 25, 2019.

15% or 60 million DEB

Are put in Reserve.

Reserve will be used to ensure the non-systemic counterparty risk coverage, efficient operations of Debitum Network while the ecosystem penetrates the global market, faster growth of Debitum Network by lending or giving away tokens to newly joining service providers, aligning motivation of seasoned senior regional and country management with Debitum token holders. To learn more read our White Paper.

10% or 40 million DEB

Will be directly distributed to Debitum Network advisors and contributors.

These tokens will be distributed during the next couple of weeks and will be technologically vested for 6 months, until August 25th, 2018.

1.43% or 5.71 million DEB

Have been distributed for our ICO process.

Debitum Network community members for referrals made within affiliate program, bounty participation. Services like translations, ICO listings, marketing activities and similar expenses during and before the crowdsale.

Frequently Asked Questions

We got the answers for most common questions down below. Feel free to contact us if you have a specific question to ask.

The Debitum token will fuel every transaction on Debitum Network. Thus, becoming a sustainable token that'll grow in value over time as the Debitum Network eco-system becomes more widespread.

Name: Debitum (DEB)

Blockchain: Ethereum-based (ERC223) token

Supply: 400 million tokens

DEB tokens are used in the Debitum Network platform to facilitate transactions. Each time a contract has created the payment for that contract will be paid in DEB tokens. E.g., a risk assessor will be paid in DEB tokens for their services; an insurance provider will be paid in DEB tokens for their service, a platform fee will be paid in DEB tokens.

To create a contract, you will need to have DEB tokens in your wallet which is linked to your Debitum Network. Users can buy DEB tokens on any exchange that is listing them.

DEB token can be purchased on exchanges. Currently, we have active partnerships with KuCoin and Lykke. However, other independent exchanges accept our tokens as well.

Unfortunately, we are not selling DEB tokens, our sale of DEB tokens has ended. The only way to buy DEB tokens is through an exchange. Currently, no future sales of tokens are planned.

Round A - December 7, 2017, to December 21, 2017.

Round B - January 25, 2018, to February 25, 2018.

No. We will not be issuing any DEB tokens for testing or any other activity. DEB tokens carry value and will be used in the Debitum Network Ecosystem to create contracts and do transactions. You can use our Demo platform to see how it works.

The value of 1 DEB token depends on the price that DEB token owner want to sell or buy. The price also will depend on the prices service providers set in the Ecosystem, how many transactions being created in the ecosystem and the availability of DEB tokens for sale. DEB tokens where sold at a specific price during crowdsale.

Prices were set in Ethereum (ETH). Thus the price of the DEB token in USD or EUR will fluctuate based on the exchange rate you acquired ETH. The price of DEB token in ETH changed during the crowdsale stages:

Round A - 0.00011494 ETH

Round B - from 0.00012829 to 0.00015384 ETH

More details here: https://crowdsale.debitum.network/ico

A total of 400 million tokens have been generated. 266.56 million tokens are transferred to various accounts from early token purchasers to team members, and some are vested (restricted from entering exchanges or being transferred until a specific date). 133.44 million tokens are reserved for business needs and development.

DEB Token: Generation and circulation

No. All the DEB tokens have been generated in a single Token Generation Event. In total 400 000 000 DEB tokens. No more tokens can exist. The way we created DEB tokens we implemented it so no more tokens can be generated. No one can generate/mine or create more DEB tokens. Further details at our Token Generation Event whitepaper

Have more questions?

Feel free to ask us about anything. We are pleased to answer all your questions.

Exchanges

Currently, we have active partnerships with KuCoin and Lykke. However, other independent exchanges accept our tokens as well.

More partnerships coming soon

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