Unprecedented Honor, Crowdsale Begins 30 November
(Vilnius) Debitum Network, an innovative new funding platform for micro, small, and medium businesses (SMEs), is already a winner. On 31 October, the project beat 120 other applicants in the highly regarded ICO Pitch Competition at d10e Gibraltar, the leading international conference in decentralization. Debitum won both the jury and audience awards, the first time this has happened in the history of the event.
Dubbing itself “funding on steroids,” Debitum Network’s mission is to create a transparent, secure, and decentralized ecosystem for sustainable businesses growth worldwide. Utilizing blockchain technology based on Etherium, Debitum Network strives to eliminate the middleman (banks) and connect SMEs around the world to financing opportunities otherwise unavailable to them. Delirium estimates the current credit gap is an astonishing $2 trillion and that 70% of SMEs lack access to any credit at all.
At d10e, everyone seemed to be impressed by the background of Debitum Network’s officers and board, comprised of professionals in financing and IT. They also demonstrated a working MVP based on real financing requests. “Debitum is already a fully functioning network of individual investors and international funds, with SMEs waiting. We just need to fuel it,” said Martins Liberts, visionary and co-founder of Debitum Network.
The company is opening its crowdsale on 30 November, 3pm GMT and will be soft capped at approximately $15m, with a hard cap of $60m. Because of the buzz generated by the dual awards, they expect to quickly sell out.
“We believe that small companies must have fair opportunities to connect investors from any part of the world and then utilize their investments. We have experienced this need ourselves while developing for different size businesses, successful IT and alternative finance businesses,” said Liberts. We feel that now it’s time for us to share our experience and to help other companies grow. We are proudly creating an instrument which provides equal growth opportunities.
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