Distributed Credit Chain: use a token in the system
I welcome everyone in my blog, my name is Julia, and today we finish the consideration of the project Distributed Credit Chain. To summarize our research of the project I want to question how to use a token in the system, what its meaning, what are the prospects of increasing its use. This is a very important issue for investors and coin holders, as the high demand for a token is the root cause of its large future course. So, let's get started.
The DCC token is required to pay for any type of service provided within the system. Contractual relationships are governed by smart contracts (dccpayment). As the system developers note, with the growth of the system, the increase in the number of services, and the scenarios of user interaction within it, will grow and demand for the token.
Now let's go to specific examples of the use of coins
First of all, the token is used to pay for the loan application. In this case, the payment is distributed as follows: half of the amount of the application goes to the credit institution, which performs the verification of the questionnaire, from 2 to 3% (2.5% tentatively) sent to the pool of remuneration to bona fide payers, which we will discuss Later, another part, about 8% goes to the additional issue of tokens. The direction of use of the remainder depends on the result of the application: if the creditor approves the application, then the money is returned to the client, if not, then sent to the credit organization.
It should be noted that the client can regulate the amount of payment for the application, and the creditors will consider the applications in the order of turn: from the cheapest, to the most expensive.
Now let's talk about a pool of rewards to bona fide payers. As I said, in this pool will be sent about 2.5 percent of the value of the loan application. This money will be distributed evenly among all borrowers, in good faith paid their contribution. Such stimulation will encourage the participants of the system to perform their duties and to form a good credit history.
The provision of any service within the system is paid by DCC tokens. In addition to applying for a loan such services may be: payment of certification by credit institutions, services for the collection and resale of user data (permissible for sale), etc.
Pricing within the system is inherent in the tender structure, which makes the cost of services independent of the price of the token.
Finally, it significantly extends the real application of the system token to its transboundary entity. Any interaction between representatives of different countries, be it exchange of information or applications for credit, will pass through payment DCC tokens.
Resume
It seems to me that the token economy in the system is built at the highest level, the architecture of the system, the structure of interaction between the participants of the platform guarantees an increasing demand for system tokens, and along with them the course.
On this series of my reviews of the company Distributed Credit Chain ends, but you, just like me, do not forget to follow the news and updates of the system by the links: