ICO review of Datarius (DTRC): valuation, analysis, token cost | Digital Rating Agency
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This project doesn't have a level of investment attractiveness
No
Rating
High
Quality Rate
5.0 / 7.0
project concept
5.5
tokens
5.3
business model
5.0
project support
5.0
the tech
4.5
communication
5.0
team
4.7
jurisprudence
5.0
Pre ICO
finished
Start: 12/12/2017
End: 31/12/2017
ICO
finished
Start: 05/03/2018
End: 05/04/2018

Datarius

About
Team
Sale details
Tokens

The Datarius project is a new, social-type cryptobank with transparent conditions. In cryptobanking industry, Datarius will become the first financial institution capable of oering its customers a full range of financial services implemented within a decentralized system.

Datarius will operate on the basis of P2P ecosystem (peer-to-peer), where transaction participants are private users, and not banking institutions.

Aleksey Vuyko
Ruslan Vasyutin
Larisa Sokolovskaya

The first stage — a closed round for participants who are interested the most in the project. Registration is execution of a preliminary application - declaration of a desire. DTRC tokens at this stage will be distributed in packages of 20.000 DTRC, and the participants will receive a bonus of 35%. In total, 4 packages will be distributed among them, which, taking into account the bonus, will amount to 112,000 tokens. The round is scheduled for 09.12.17

The second structural stage — pre-ITO, which will start on 12.12.17 at 12:12 UTC, and will finish on 31.12.17 12:12 UTC.Minimum limit, upon reaching of which this stage will be considered successful, determined distribution of tokens in amount equivalent to 125.000 USD (SoftCap). Pre-ITO participants will receive a bonus of 35%.

ITO is scheduled for March 2018. For the stage to be successful the minimum amount equivalent to 1.000.000 USD allocated tokens (Soft Cap) shall be reached. This stage will be terminated, regardless of the deadlines, in the event the amount of allocated tokens reaches 51.000.000 USD (Hard Cap).

The participants who contributed during the first ITO hours will receive the following bonuses:

– 30% - 0-6 hours; – 25% - 6-12 hours; – 20% - 12-24 hours; – 15% - 24-48 hours; – 10% - 48 hours – 15 days; – 0% - 15 days.

During entire ITO stage, 100 exclusive operating cards - keys, will be distributed during the preparation to the implementation of the stage among the most active followers of Datarius project. These cards give right to receive bonus 45% of DTRC tokens and will be valid throughout ITO.

The final number of DTRC tokens will be defined according to ITO round and will correlate to the total token supply, taking into account the final distribution according to approved structure.

General Distribution of Tokens:

– basic package of tokens 73%;

– reserve fund 15%;

– project team 5%;

– exclusive bonuses 5%;

– bounty campaign 2%.

Rate history

The DigRate has assigned Quality Rate High to Datarius project. Datarius cryptobank is a platform that will function on the basis of P2P-ecosystem and will combine many different financial services, such as: fast money transfer; currency exchange; crediting of P2P; transactions and investments in real funds; trading exchange instruments; demand deposits; integration with instant money transfer systems Western Union, MoneyGram, TransferWise; access to SWIFT; use of fixed cryptochecks; mortgage credit lending; creation of services for small and medium-sized businesses; creation of a VC investment fund; access to the market of government bonds. Future users of the platform will receive financial services that will meet their needs, as transactions will be automated and services will be adapted to the wishes of users through smart contracts. According to the report by McKinsey & Company, the volume of investments in fintech startups increased from $ 2.5 bn in 2012 to $ 14.6 bn in 2016 and continues to grow rapidly. According to the forecasts of the World Bank, by 2025, 10% of world GDP will be serviced through a blockchain. The project team conducted a comparative analysis of Datarius with traditional banking institutions and competitors from the fintech field. However, concrete projects on a blockchain with a similar concept have not been considered (for example, according to Forbes, in 2017, 22 of the 50 most successful fintech startups were implemented on the blockchain). Another decentralized fintech project is Lala World (B1 investment attractiveness score), ICO has already ended and the project raised $ 12 mn. The Lala World team presents a product with limited functionality, that is used by more than 500 thousand people. Despite the similarity of projects for a standard set of financial instruments, Datarius offers an innovative model of socialization of the fintech system, as well as many additional tools. Among the competitive advantages of Datarius: relatively low commission fees for transactions (0.02 to 0.15%), the ability to customize services for the needs of a particular user; a flexible system that will allow users to transfer personal accounts to crypto-space significantly saving on banking services and receiving bonuses for activity on the platform and, thanks to integration with international translation systems, it will be easy to invest and withdraw funds. The economic nature of the DTRC token defines it as a digital unit of Datarius service, a unique key and the only tool for participating in the ecosystem. The entire range of financial products and ecosystem services is based on the interaction of users directly with each other using DTRC. DigRate analysts believe that the distribution between the token holders of a part of the platform's revenue carries the risk of classifying DTRC as a security token and without obtaining licenses in a number of countries it can be considered as violation of the securities market law. However, the team is advised by professional lawyers, and the results of Howey test will be published soon. In order to reduce the risk of token devaluation, the project envisages the limited issuance of tokens and the listing of DTRC on exchanges after the product has entered the financial services market. The ability to use the ecosystem with a variety of financial instruments, a minimum platform commission fee when carrying out a transaction, the allocation of a part of the platform commission fees are the main factors of high potential demand for DTRC. Developers published the Terms and Conditions, that disclosed AML / KYC issues. The publication of the Privacy Policy is scheduled for February 19, 2018. At the moment, the main disadvantage of the project is incomplete implementation of the tech side, as the team does not represent the platform prototype. The code of the ICO smart contract is published on GitHub, the results of the independent safety audit of the smart contract are not presented. In general, the success of the Datarius project will depend directly on the availability of the necessary licenses (starting with the DPL, that is in the status of application consideration), and also on the distribution of cryptocurrency as a legal means of payment. If all legislative norms are observed and the project's functionality is fully implemented, the platform can be of interest to a wide range of users of different social levels. More information about the strengths and weaknesses of the project can be found in our review.
Token
Datarius
Price
1 DTRC = 0.01 USD
Soft cap
1,000,000 USD
Hard cap
51,000,000 USD
Bonuses at Pre-Sale
40%
Bounty campaign
yes
Platform
Ethereum
Token type
ERC20
Accepted
ETH, BTC, BCC, LTC, fiat
Country
Costa Rica

Downloads and links

Website
Review
Whitepaper
Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any of the assets or take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating assessments from Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is the official site www.digrate.com
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Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any assets and take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating operations conducted by Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is official site www.digrate.com