Debitum Network

Leveraging Blockchain technology to secure and distribute fiat investments to the SME world

About Debitum Network

Debitum is a platform that aims to serve those that currently do not have access to loans, and more specifically, small to medium sized enterprises (SMEs). It allows investors to invest in loans without relying on centralized institutions, while borrowers have easy access to loans to fund their businesses.

Token Sale Use of Blockchain

Product

3.2
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

5.0
N/A
5 - General audience / mass market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.

Product

Debitum has a minimum viable product which is accessible on their website. Debitum has an ambitious goal of developing an entire alternative financing system. The sector of financial services powered by blockchain technology is quite saturated, but the target user base is the mass market. The GitHub page can be found through the Debitum website but shows low levels of recent activity.

Product Whitepaper

Use of Blockchain

3.0
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

4.0
N/A
4 - Generally disruptive.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.

Use of Blockchain

DEB is an ERC223 compliant token used to generate funding for the platform as well as a means of exchange in the Debitum ecosystem. Debitum outlines a thorough discussion as to why a custom token is needed for the platform. However, the presented arguments have faults and do not sufficiently justify using a custom token rather than ETH. The document discusses why other blockchain solutions were not considered, but does not effectively explain why ETH cannot be used to fulfill the same goals, other than presenting a weak argument stating that ETH will most likely become regulated in the future and as a result, DEB has more regulatory flexibility (although if ETH becomes regulated, there is no indication that DEB would be unaffected).

Use of Blockchain Roadmap

Whitepaper

4.2
Whitepaper
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

5.0
N/A
5 - All issues addressed coherently.
Readability

Is it easy enough to understand?

3.0
N/A
3 - Readable, takes some time.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

5.0
N/A
5 - Candid openness.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.

Whitepaper

The whitepaper is accompanied by several documents that provide high levels of detail regarding the Debitum platform and the multitude of its aspects. Considering all these documents as a whole, Debitum provides a very long, but comprehensive overview of its platform from technological, business, and logistical perspectives. The technology plan is presented in sufficient detail, with explanations of technical specifics that go beyond a layman level. The business plan is presented at a high level of detail, discussing a multitude of different topics including the proposed stages of financing and a market overview. Overall, the whitepaper is visually appealing yet very comprehensive, and as a result, takes considerable time to read.

Whitepaper Compliance

Roadmap

2.6
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

2.0
N/A
2 - Vague, noncommittal.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

The roadmap presented in the whitepaper spans 4 years and contains moderately low levels of detail. Milestones are presented without descriptions as to what each entails. Milestones reached thus far include formation of the organization and creating a proof of concept. The Debitum network is planned to launch at the end of 2018, first targeting users in Europe.

Roadmap Company and Team

Compliance

2.6
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

2.0
N/A
2 - Minimal or contrived.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

3.0
N/A
3 - Limited to blanket standard.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)

Compliance

The whitepaper contains disclaimers and discussions regarding risks associated with the the token sale. It is explicitly stated that DEB tokens should not be considered securities. The language is seemingly professional and the level of detail is quite high.

Compliance Token Sale

Company and Team

2.8
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

2.0
N/A
2 - Initial stages of formation.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.

Company and Team

The fairly small team of 6 individuals is presented in the whitepaper, with profile pictures, short descriptions, and links to social media profiles. The skill set of the team is multidisciplinary, as there are team members that have extensive experience in management, finance, software development, and law. The team has a desirable combination and distribution of skills, but appears to not yet be fully established, as there is a recruitment section on the website.

Company and Team Product

Token Sale

2.6
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

3.0
N/A
3 - Justifiable.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.

Token Sale

The total number of DEB tokens is 156.5 million (60% is for sale, 10% is for the supporter share, 15% is for the team, and 15% is reserved). The allocation of funds is described in fairly high detail. The soft cap is unspecified and the hard cap is 20,000 ETH, where 7800 DEB = 1 ETH. The token sale takes place on January 25, 2018 to February 25, 2018.

Product

Debitum has a minimum viable product which is accessible on their website. Debitum has an ambitious goal of developing an entire alternative financing system. The sector of financial services powered by blockchain technology is quite saturated, but the target user base is the mass market. The GitHub page can be found through the Debitum website but shows low levels of recent activity.

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

5.0
N/A
5 - General audience / mass market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.
Product Score:
3.2

Use of Blockchain

DEB is an ERC223 compliant token used to generate funding for the platform as well as a means of exchange in the Debitum ecosystem. Debitum outlines a thorough discussion as to why a custom token is needed for the platform. However, the presented arguments have faults and do not sufficiently justify using a custom token rather than ETH. The document discusses why other blockchain solutions were not considered, but does not effectively explain why ETH cannot be used to fulfill the same goals, other than presenting a weak argument stating that ETH will most likely become regulated in the future and as a result, DEB has more regulatory flexibility (although if ETH becomes regulated, there is no indication that DEB would be unaffected).

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

4.0
N/A
4 - Generally disruptive.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.
Use of Blockchain Score:
3.0

Whitepaper

The whitepaper is accompanied by several documents that provide high levels of detail regarding the Debitum platform and the multitude of its aspects. Considering all these documents as a whole, Debitum provides a very long, but comprehensive overview of its platform from technological, business, and logistical perspectives. The technology plan is presented in sufficient detail, with explanations of technical specifics that go beyond a layman level. The business plan is presented at a high level of detail, discussing a multitude of different topics including the proposed stages of financing and a market overview. Overall, the whitepaper is visually appealing yet very comprehensive, and as a result, takes considerable time to read.

Category Breakdown
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

5.0
N/A
5 - All issues addressed coherently.
Readability

Is it easy enough to understand?

3.0
N/A
3 - Readable, takes some time.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

5.0
N/A
5 - Candid openness.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.
Whitepaper Score:
4.2

Roadmap

The roadmap presented in the whitepaper spans 4 years and contains moderately low levels of detail. Milestones are presented without descriptions as to what each entails. Milestones reached thus far include formation of the organization and creating a proof of concept. The Debitum network is planned to launch at the end of 2018, first targeting users in Europe.

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

2.0
N/A
2 - Vague, noncommittal.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
2.6

Compliance

The whitepaper contains disclaimers and discussions regarding risks associated with the the token sale. It is explicitly stated that DEB tokens should not be considered securities. The language is seemingly professional and the level of detail is quite high.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

2.0
N/A
2 - Minimal or contrived.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

3.0
N/A
3 - Limited to blanket standard.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)
Compliance Score:
2.6

Company and Team

The fairly small team of 6 individuals is presented in the whitepaper, with profile pictures, short descriptions, and links to social media profiles. The skill set of the team is multidisciplinary, as there are team members that have extensive experience in management, finance, software development, and law. The team has a desirable combination and distribution of skills, but appears to not yet be fully established, as there is a recruitment section on the website.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

2.0
N/A
2 - Initial stages of formation.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.
Company and Team Score:
2.8

Token Sale

The total number of DEB tokens is 156.5 million (60% is for sale, 10% is for the supporter share, 15% is for the team, and 15% is reserved). The allocation of funds is described in fairly high detail. The soft cap is unspecified and the hard cap is 20,000 ETH, where 7800 DEB = 1 ETH. The token sale takes place on January 25, 2018 to February 25, 2018.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

3.0
N/A
3 - Justifiable.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.
Token Sale Score:
2.6

Use this code to share the ratings on your website