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Less than a week is left until one of the major events of Spring 2018. On March 5 at 12:12 UTC Datarius, the first social p2p cryptobank, launches its Main ITO Round. The project has already experienced more than a year of preparatory work, attention from key personalities and companies, crypto-community support, highly successful pre-ITO round, gap analysis, a fivefold increase in the number of community members since the beginning of the year, and high ratings of the rating agencies.
What is Datarius?
Datarius is the first social p2p cryptobank. The main idea of the project is to provide the consumer with the widest range of financial instruments. The widest possible. To bring the maximum number of financial consumers together. To give freedom of choice and action. To provide a high level of automation. To create a truly social fintech product. We will prove by ourselves that the decentralization and lack of borders are benefits, and a financial company can and should be a partner and a friend. No one fintech project has thus far paid so much attention to socialization and direct interaction between the participants. The project team decided to completely eliminate the strict regulation, preserving only the technical support of the platform and providing a wide range of the related services on an equal basis with other project partners. Users will have the right to choose the most appropriate cost and terms of borrowing funds. They will always be able to call on analysts, risk managers, databases, credit and user ratings, the entire history of transactions and expert opinion – not one and not just of the project’s staff.
Why participate in ITO?
DTRC token is a unique key and the only tool to access all the benefits of the Cryptobank: loans with the most favorable terms, joint investments, personal piggy cryptobank, trust limits, trust management and much more. The ITO round, which runs from March 5th to April 5th, is the last chance to become the key holder and get significant bonuses. The emission of tokens will end together with the round. The number of people, willing to gain access to the most complete set of financial instruments, will continuously grow and the number of tokens will remain the same forever. This is the last unique opportunity to become an active user of the bank of the future and start earning money with the project’s team.
What to do?
It is rather simple to become a part of the future. You have only to:
– Visit the Datarius official website and register as a future member at
– Subscribe to any project’s official social media to stay abreast of the latest news, updates and to follow the Datarius development.
– Participate in the Referral Program of the project and share your vision and information with friends to get an additional 5% bonus.
– Come on March 5 at 12:12 UTC to participate directly in ITO and get a 30% bonus.
And speaking of bonuses, note that following the ITO restructuring, the project’s bonus grid is as follows now:
30% – 0-6 hours;
25% – 6-12 hours;
20% – 12-24 hours;
15% – 24-48 hours;
10% – 48h (hours) -15d (days)
Since the 15th day and until the round completion no bonuses will be available.
Outlook.
In January, the team decided to bring the product to market as soon as possible. The launch will be effected through the integration of the DTRC token into a classic core, which has been under the development of the large studio аrtARTERY with an extensive experience in developing classical banking applications since mid-2017. Though the main round hasn’t finished yet, the company has already submitted an application for a license, which completely covers the legal framework for implementing and launching a commercial version of an ecosystem with its basic functionality. The strategic objective of the team is to celebrate 1,000,000 users as early as 2019.
Are you sick of lobbism, opacity, greed, classical financial systems banality? Do you aspire to freedom of choice and financial services? Do you believe in the future of decentralization and blockchain technology? Do you want to earn with your bank? We too! Datarius is your social p2p cryptobank. March 5, 12:12 UTC at .
«We believe in what we are doing and we are confident that the format of the fintech we propose is the format of the future #Cryptorize!» (с) Datarius Team
Contact Email Address
community@datarius.io
Supporting Link
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Browsing the latest cryptocurrency projects, it would be easy to conclude that decentralization is a panacea; a cure for humanity’s financial woes. It must be, surely, given that it’s a key tenet of every other new cryptocurrency and ICO. Without the gospel of decentralization, there would be no point in launching a blockchain version of Uber/Facebook/Airbnb or whatever web 2.0 platform is due for tokenization this week. Censorship-resistance is now reason enough to place a product on the blockchain it seems – even if that product has never been censored in the history of mankind.
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Crypto Startups Are Craving the D
It’s hard to say when the decentralization meme kicked in. Like all trends, it occurred gradually; insidiously. It wasn’t in Satoshi’s white paper, that’s for sure. Words such as “decentralize” and “censorship” don’t get a mention. The first use of the term in regards to cryptocurrency appears to have occured on the Bitcointalk forum in February 2010. In response to a post from Satoshi announcing the first automatic adjustment of the proof-of-work difficulty, forum member Sabunir : “How do you adjust this difficulty, anyway? (Administrating a decentralized system?)”
Eight years later and decentralization is the prefix for all things crypto. It’s a word so powerful that simply uttering it is justification enough for seeking $20 million in a crowdsale. The magic word may not have appeared in Satoshi’s white paper, but it has become a defining trait of cryptocurrencies…or at least it has to the ones that do more than pay lip service to the concept. It’s no coincidence that one of the most heated in the cryptoverse concerns the extent to which major cryptocurrencies are centralized.
Centralization is a dirty word around these parts, synonymous as it is with bankers, governments, control, and censorship. What’s the point in creating an IoT cryptocurrency with its own Direct Acyclic Graph if it’s reliant on a ? Or a Chinese smart contract blockchain that can be shut down by a ? That doesn’t sound very true to the spirit of cryptocurrency, with all its promises of sidestepping oppressive regimes and facilitating peer-to-peer transactions. Put it this way: if bitcoin came with an off button or was mined by a single entity, shutting down darknet markets would have been a lot quicker and easier.
The State of Decentralization Today
The crypto space has come a long way since the dark web days of 2013, and while the need for censorship-resistant currency and platforms is as important as ever, many ICOs seem to be missing the point. If a token is reliant on the project’s founders staying alive or continuing to pay for their web hosting, it’s not decentralized. A truly decentralized cryptocurrency is one that ideally has as many nodes and validators as possible and which will continue to be usable come what may; subpoenas; death; hacks; schisms.
Of the 200-odd ICOs scheduled to take place in the coming weeks, there are some interesting “decentralized” projects to look forward to. , for example, is “the world’s first decentralized shopper profile built on the blockchain”. There’s also a decentralized lending and borrowing network (Datarius), video platform (Viewly), business data network (Loyakk Vega), and Git hosting (Ellcrys). Not all crowdsales claim decentralization as their USP in fairness. , for example, aims to become a movie streaming and funding platform on the blockchain. Crypto and chill, anyone?
Decentralization isn’t the be all and end all of crypto. Many tokenized projects make no mention of it in their official documentation. Any ICO that does trade on the D-word, however, deserves close scrutiny to see whether it has any intention of making good on its promise. Talking about decentralization is easy. Delivering it is hard work.
Do you think decentralization matters? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our section.
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What to make of NEO? The Chinese blockchain is, on paper, the most successful Asian cryptocurrency project to date. It’s listed on most major exchanges, boasts high trading volume, hosts numerous ICOs and has smart contract functionality. Not everyone is impressed though. Critics have called NEO a centralized, expensive, and unusable disaster. So which interpretation is true?
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Success Lies in the Eye of the Beholder
Da Hongfei
NEO founder Da Hongfei is a man of few words. Despite having a Twitter following of 40,000, he’s tweeted just 71 times, averaging one message a month. On February 28, the CEO broke his silence to his satisfaction at having the first blockchain to be given an A-class rating by Weiss. The ratings agency has previously for awarding no cryptocurrencies an A and bitcoin a C. In a blog post, Mr Weiss himself – Martin D. Weiss PhD – hit back at the haters, :
I kind of expect it when we give a disappointing grade to a coin they love. Like bitcoin’s C+, for example. But it seems the fury can be equally intense when we give a good grade to a coin they hate. In fact, that’s what we just saw happen this weekend with another explosion of buzz on the Internet about the Weiss Cryptocurrency Ratings. This time all about NEO.
Mr. Weiss naturally revels in the controversy – any publicity is good publicity for his company after all. Had Weiss Ratings previously awarded bitcoin and other blockchains an A, its decision to follow suit with NEO would have provoked little attention. But it didn’t. And so it has. Granting NEO an A confirms, in the eyes of critics, that Weiss – a company with no background in cryptocurrency – doesn’t understand the industry it is judging. What sort of skewed ratings system places one of the world’s most centralized cryptocurrencies leagues ahead of one of the most decentralized (bitcoin)?
“A Billion-Dollar Disaster”
Weiss Ratings make for an interesting talking point but they have little basis in reality. For those in the know – analysts with a proper grounding in cryptocurrency – NEO is a project that raises major red flags which no decorative award can mitigate. In general, Chinese cryptocurrency projects are more heavily centralized than those from the west, and NEO particularly guilty of this. This may change as more nodes are rolled out, but for now at least, NEO holds the keys to the castle.
One of the project’s more vocal critics is Store of Value blog, whose author has NEO as “A Multi-Billion Dollar Disaster”. In a damning post, they outline their reasons for this pejorative, including the following:
Blockchain slowdown during popular ICOs, questioning NEO’s claim to be able to support 1,000 tps. A named The Story Behind the Worst ICO of 2018 outlines the problems that beset The Key’s crowdsale.
Developer issues with getting smart contracts to work coupled with high deployment costs running into tens of thousands of dollars. Based on the current price of GAS, it would cost $15,000 to create a smart contract.
The other major issue affecting NEO is that its main use, at present, is as a springboard for ICOs. These projects need to prove themselves by adding real value and usability to the NEO ecosystem. If they can achieve that, and foster an interconnected framework of dapps, DEXes, protocols and off-chain solutions, NEO will prosper. If these projects fail to make an impact, however, or are constrained by issues affecting the blockchain, the entire ecosystem is at risk of failure.
Every blockchain has its technical problems to solve, and there is no reason why NEO can’t overcome its teething troubles and alleviate over-centralization concerns given time. Communication is not one of the team’s strong points, however, and while NEO muddles on in silence, the dissenting voices are getting louder.
Do you think criticism of NEO is unwarranted, or does the platform have major issues to address? Let us know in the comments section below.
Images courtesy of Shutterstock, and NEO.
Need to calculate your bitcoin holdings? Check our section.
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Daily bitcoin News Update
bitcoin is the only crypto in the top 10 that’s trading in green on Friday morning. The BTC price has hopped across the $11,000 mark, most likely because buying and selling BTC has just become a whole lot cheaper.
Major crypto exchanges around the world are slashing withdrawal fees for BTC. How did that happen?
Anyone who’s downloading the new bitcoin update, that is, “bitcoin Core version 0.16.0,” is automatically shifting to SegWit—a tweak in the code that has made BTC transactions a lot cheaper and faster than before. Exchanges are likewise benefiting from it.
Two big global exchanges, Binance and Kraken,.
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