Depository Network is a decentralized depository service for banks and other money-lending institutions. It works as an intermediary between money lenders and borrowers, allowing the users to request money loans and use cryptocurrencies as a guarantee. Depository Network uses a P2P (Peer to Peer) mechanism in order to provide both institutions and individuals a direct link and choose their own risk policies, aligned with the rules of each lender/borrower.
The DEPO is an Ethereum-based (ERC/20) cryptocurrency. It is the token that will power the platform as it will serve for the user to access goods and services available on the Depository Network.
Depository Network ICO will begin on November 1, 2018. The ICO token supply represents 50% of the total token supply, so there is a total of 1,500,000,000 DEPO tokens available, for 0.02 USD each. The ICO funding target is 2,600,000 USD, the funding cap is 15,000,000 USD and is expected to end on December 15, 2018 or when the funding cap is reached.
Token Reserve Split (50%):
Depository Network ICO features a bounty campaign as well as bonuses on the Pre-Sale.