Debitum Network is not primarily a cryptocurrency but rather a decentralised ecosystem that aims to connect small to medium-sized enterprises (SMEs) with investors around the world. It utilizes blockchain technology to provide a more transparent and efficient lending process. However, Debitum Network does have its native utility token called Debitum (DEB) that is used within the platform.
The DEB token serves various purposes within the Debitum Network ecosystem. It is used to pay for services such as loan origination, risk assessment, and collection. Investors can use DEB tokens to access exclusive features and receive discounts on fees. Furthermore, DEB tokens are utilized as rewards for network participants, encouraging active involvement and contributing to a healthy ecosystem.
The Debitum Network platform allows businesses to apply for loans, while investors can browse and select investment opportunities based on their preferences and risk appetite. The platform performs due diligence and risk assessment on the potential borrowers, providing necessary information to potential investors. Smart contracts on the blockchain facilitate transparent and automated loan agreements, repayments, and collateral management.
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