DCC is the credential used to pay for jobs in the Distributed Credit Chain. Any work in the DCC needs to be paid for with DCC. DCC balance is managed through DCC token contract to maintain a fixed total amount of DCC. As the financial service system in the DCC grows, more and more distributed business scenarios are embedded and used more frequently, which greatly increases the liquidity.
DCC's payment is handled based on the DCCpayment contract, which is responsible for the DCC payment rules for multi-payer participation.
In DCC system, the individuals that require data or reports from data institutions need to pay DCCs. Such mode will transform the orginal way that data institutions generate revenue, that’s, from making profit through collecting and reselling user data to through providing better services to customers.
Credit institutions also need to pay DCCs to the certification body when verifying the validity of the data. However, the changes in the revenue structure of the data institution will greatly reduce verification costs , which will further reduce overall cost of the borrower.
Redistribute Ecosystem Benefits
The loan application is rejected, then the reward is assigned to lending institutions.
DCC amount paid for loan application is decided by the borrower at own discretion, and credit institutions can set the minimum threshold of DCC and handle the priority of borrowers’ applications. In principle, the credit institution will give priority to borrowers who pay more DCCs.
Through establishment of such decentralized trading models, the entire ecosystem distribution pattern of interests can be dynamically adjusted so that the credit processing resources can be tilted towards individuals with more DCCs (those who contribute more to the ecosystem), thus maintaining the sustained vitality of the ecosystem.
Incentivize Credit Accumulation
In the DCC system, a portion (for example, 2.5%) of the loan in the application process is converted into the credit pool of the day and forms the total reward pool with ecosystem fixed incentives. According to DCCreward Agreement, on Day T+1, the money in credit reward pool will be distributed evenly to incentivise borrowers who repay loans before Day T. In the DCC ecosystem, different types of reward pools will be formed in different businesses in the future, and ecosystem participants may receive incentives for different pools when using and contributing to different ecosystems.
The daily fixed incentive is dynamically adjusted by the foundation according to ecosystem development needs, and daily fixed accumulation will not exceed the total amount of DCC. When there is no DCC that can be excavated, the incentives will be no longer given.
DCC incentives ensure that good credit behavior can obtain more convenience in lending, which encourages everyone to establish their own good credit.
Cross-border Credit Credentials
Because the DCC system provides a cross-border, cross-scenario, and cross-currency credit service of digital assets, DCC can correspond to values of different legal tender of loans in various countries, which greatly facilitates the multinational business of lending service agencies.
Being more frequently used, DCC is expected to become the anchor currency of the multinational lending service ecosystem on Distributed Credit Chain, and open the value exchange of ecosystem service providers in various countries. Through DCC, users in one country or scenario will be able to purchase data reports provided by the data providers of another country or scenario, or apply for loans from various lending institutions in different countries. DCC transactions in different exchanges corresponding to different currencies can provide cross-border settlement services.
The Token Sale will fund the development and adoption of the DCC platform.
The total supply of ERC20 tokens will be 10,000,000,000.
|Labor Costs||30%||The project to develop Distributed Credit Chain requires a large number of elite researchers and developers who can integrate the mobile internet, distributed networks, blockchain, financial payment, financial risk control and marketing promotion.. The establishement of such ecoystem requires adequate funding for human capital.|
|Marketing||25%||DCC is committed to building a decentralized financial system in the future, during which commercial promotion and dissemination will incur significant cost.|
|Business||10%||In the future, more cooperation in ecosystems will gradually support various distributed business scenarios.|
|Consultancy||5%||With further development of blockchain technology, we need to engage enough technical consultants to provide technical support.|
|Ecosystem-Operations||5%||Maintaining low ecosystem operation costs.|
|Reserve Fund||25%||A risk reserve fund for overall operating, to respond to operational risk and force majeure factors.|