DISTRIBUTED CREDIT CHAIN | Empower Credit, Enable Finance

CONGRATULATION DISTRIBUTED CREDIT CHAIN HAS BEEN LISTED ON KUCOIN

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. DCC’s mission is to transform different financial scenarios and realize true inclusive finance.

Economic Ecosystem Model

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 DCC payment contract, which is responsible for the DCC payment rules for multi-payer participation.

DCC CORE TEAM

Use of DCC in Distributed Credit Chain

1. Reconstructing Credit Cost with DCC

2. Using DCC to Redistribute Ecosystem Benefits

In the DCC system, individuals applying for credit shall pay DCCs for application contract.

3. Using DCC to 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 fixed eco reward

4. 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

Technology Realization

1. System Structure

2. 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.

3. Account (Wallet) System

DCCID uses the wallet generation mechanism identical to Ethereum. The Wallet consists of the private key, public key, and address.

ACT Wallet Generation

4. Gateway Service

Gateway Service is a centralized system, which primarily serves ecosystem participants that do not have the ability to directly access DCC through RPC.

5. Open Platform

The Open Platform on Distributed Credit Chain is a centralized system which serves as a data provider and market.

6. Open source framework

Frameworks such as DCDMF, DIV, and SDV will be open sourced at GitHub given with open source on GitHub.

7. Blockchain and Smart Contract

DCC is a blockchain system that will be opened gradually. As the ecosystem slowly becomes stable, DCC will evolve from a consortium chain to a public chain. The consensus mechanism is an important mechanism used by DCC to maintain the correctness, consistency, and continuity of data. In the first stage of DCC's ecosystem, an EVM container compatible with Ethereum will be deployed as a container for implementing smart contracts, and Distributed Credit Chain will support development using Solidity language.

Token Allocation

Use Plan for Raised Funds

Item	Proportion	Explanation
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, the blockchain, financial payment, financial risk control and marketing promotion. The establishment of such ecosystem 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.

DCC ROADMAP

2018 Q3-Q4

Q3-Q4: Open self-creation API of Distributed Credit Chain

Q3-Q4: Establish unified DCC MPC

Q4: Enter Indonesia lending market

2019

Q1-Q2: Enter Vietnam & other SEA country lending markets

Q3-Q4: Continue to develop and expand in the SEA lending markets

2020

2020: DCC public chain migration

2020: Initiate development of Asset Manage and Settlement systems

Kucoin: “Distributed Credit Chain (DCC) is now on KuCoin, you can deposit now. Trading pairs include DCC/BTC and DCC/ETH. Withdrawal opens June 28, 2018, 20:00 (UTC+8), buying starts June 28, 21:30 (UTC+8), and selling starts June 28, 22:00 (UTC+8).”

@DccOfficial2018 #KCS #DCC #BTC #ETH

https://twitter.com/kucoincom/status/1012280926519214080

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