Distributed Credit Chain (DCC) - BEGIN A NEW WORLD

Distributed Credit is a carrier serving financial service providers in distributed business rather than a blockchain version of traditional bank.

Distributed Credit Chain (DCC) is the world’s first distributed banking public blockchain with a goal to establish a decentralized ecosystem for financial service providers around the world. By empowering credit with blockchain technology and returning ownership of data to individuals, DCC’s missio is to transform different financial scenarios and realize true inclusive finance.

The Foundation will launch a main blockchain – Distributed Credit Chain (DCC) to establish business standards, reach consensus on the books, deploy business contracts, implement liquidation and settlement services, and so on, for a variety of distributed financial business. The Foundation will launch a main blockchain – Distributed Credit Chain (DCC) to establish business standards, reach consensus on the books, deploy business contracts, implement liquidation and settlement services, and so on, for a variety of distributed financial business.

Centralized credit service:

• Cost – The entire participant should have to face unnecessary costs.

• Efficiency – because of lack of knowledge of the how the system works, borrowers need some assistant. With all these intermediates the process does not run smoothly.

• Burrower’s interest – Burrowers hardly know their right. Most of the time intermediates to deal with the credit market
How decentralized blockchain can help

• Monopoly will be over - In the decentralized system, borrower can choose their debtor among various competitors.

• Privacy protection – blockchain can store in a more secure way. The only recipient gets data and they can either keep or discard data.

• Data monopolies will be eliminated – user can own and manipulate own data without third-party involvement.
DCC identification system

DCC will create DCCID after someone registered in the system. This ID will contain users’ personal data like their name, bank name and etc.

Application of Distributed Credit chain network

• Loan registration

• Loan consumptions

• Blockchain credit cards

• Token loan service

Advantages of the DCC ecosystem

• Zero data monopoly

• Temper proof identity system

• Efficient

• Low cost

• Cross-entity

Non-Cooperative Game Between Participants

DCC uses the blockchain to expand the original interlinked credit ecosystem relationship consisting of many centralized systems into a flat credit ecosystem in which the blockchain smart contracts serve as the shared medium and all participants are be treated equitably. The openness of the DCC ecosystem enables each participant to cooperate on an independent and equal basis Further cooperation between previous lenders and borrowers will not depend on the original relationship, and decisions made by any participant within the ecosystem will be entirely independent of other ones, thus creating a truly non-cooperative gaming environment. Such independent bilateral cooperative model will greatly reduce the complexity of system interconnection. It is easier for credit system technology service providers to standardize the modules of credit services and provide the credit standard system that can be deployed rapidly.

Digital Asset Lending
At present, in digital asset lending, the lack of effective personal credit information association between the world of data assets and the traditional world, results in no accumulation of historical credit. And there also lacks effective means to avoid risk before, during and after loan processing. DCC distributed credit reporting system can help the blockchain-based credit lending platform open up credit reporting links, conduct pre-credit risk control, manage performance during loan, and foster the expansion of the digital asset lending market. Imagine that people with different digital assets could pledge their digital assets through the loan chain and obtain mainstream digital assets (ETH, BTC, etc.) from different individuals for reinvestment through credit reporting data and credit records. Such loan market would create more liquidity for digital asset transaction markets and provide more financial derivatives.

Dapp
DCC is a decentralized open credit platform. Any platform with traffic and scenarios can submit its own Dapp applications to DCC, provided that these submissions are based on Distributed Credit Chain standards. In the early stages, to ensure the health and stability of the ecosystem, the Foundation would review Dapp release applications. The Cyber Sheng Foundation encourages different scenario platforms to enter the DCC ecosystem to provide consumption scenarios of Internet finance through Distributed Credit Chain ecoystem.

Token
The Cyber Sheng Foundation plans to issue a total of 10,000,000,000 tokens of the encrypted digital currency DCC. 12 months after this issuance, the total circulation volume will be 3,700,000,000, accounting for 37% of the total. In the private round , famous qualified investors in the fields of credit and banking will be invited for the investment, with the fundraising percentage no more than 17%, and the investment amount of single investor no less than 100ETH. At this stage, DCCs will be locked, with 25% of the total to be unlocked before the opening of exchange, and another 25% to be unlocked every two months, with the full amount to be unlocked in 6 months. In ICO round, 500,000,000 DCCs will be issued to Non-Chinese and American investors. All these will be directly circulated. The ICO hardcap is 500,000,000 DCC tokens, DCC token will be exchanged by ETH. To know current trend of ICOs, you can check ICO stats.

DCC ICO Information
• Token: DCC
• Standard: ERC: 20
• Type: Utility token
• The token cost in ETH: one Token = 0.000073 ETH
• Accepted currencies: BNB and ETH
• Hard cap: 36,500 ETH
• Soft cap: 14,500 ETH
• ICO start: 28th May 2018
• ICO send: 28th June 2018
• Full token supply: 500000000
ICO release of 500 million tokens

The final allocation:

• 17% Private purchasers
• 5% ICO
• 28% Foundation
• 15% Market and Cooperation Agency and Consultants
• 15% Eco Reward
• 20% Management Team

Can’t participate: US and China.

More info link:

Official website - http://dcc.finance
Whitepaper - http://dcc.finance/file/DCCwhitepaper.pdf
Facebook - https://www.facebook.com/DccOfficial2018/
Twitter - https: // twitter .com / DccOfficial2018 /
Telegram - https://t.me/DccOfficial

---

Prepared by:
Bitcointalk Username: adytran
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1162097