Distichain is yet another crypto startup that comes from Singapore, the tech Mecca of today. Established by a team of crypto enthusiasts from the United Arab Emirates, Distichain aims to disrupt the area of e-commerce that serves the B2B sector. The realization of the primary goal should be achieved, in no small way, through the incorporation of a utility token named Disticoin, which will be offered to the public through ICO that is due to commence in several hours.
Distichain will try to establish its presence in one of the most underrated fields of e-commerce that involves Business-to-Business transactions. The B2B sector has tremendous potential for growth, even though it presents significant challenges for the participants. According to some forecasts, the total capitalization of B2B market would surpass the $6 trillion mark by the end of next year.
Evidently, Distichain sees it as an opportunity to enter the space armed with innovative technology that is blockchain. Similar to many other e-commerce startups, the Distichain team began building the ecosystem on the basis of the Ethereum blockchain, thus making its native token Disticoin compliant with the ERC-20 standard.
At the core of the Disticoin network lies the combination of blockchain capabilities with the ones of artificial intelligence. Through this system, the team wants to offer a meeting point for all interested parties, such as buyers and sellers, insurance providers, partners in logistics, as well as traditional banking institutions. By employing the blockchain technology, the project wants to offer a fully secure environment for peer-to-peer transactions, which would be incomparably more cost-effective due to almost negligible network fees, made affordable through the use of Disticoin.
Moreover, should the Distichain platform operate seamlessly, the businesses involved in the B2B trading space could immensely expedite the time for payment processing and allocation, thus making their operations far more efficient. All transactions and dealings that take place in the ecosystem are fully compliant with the AML requirements, while the participants are duly verified via KYC.
The public sale of Disticoin tokens starts on October 31; it is scheduled to last through a month until November 30. The utility tokens will go at a price of $0,01 per unit with no token bonuses or other perks mentioned in the official papers. Distichain wants to raise at least $5 million in order to continue the development of the ecosystem. The maximum funding goal is set at $10 million. All investors, with the exception of those who reside in the U.S., can buy Disticoin with BTC, ETH, and USDT.
|Start||December 1, 2019|
|End||December 31, 2019|
|43 days left|
No MVP means no investment from me - that's the rule of thumb that I apply virtually to any emerging blockchain project that appears on my radar. The time of gullible investors, who believed in empty promises and vaguely formulated concepts are gone. Nowadays, we want to see real products before contributing a single satoshi for their cause. Distichain failed to present an MVP before the beginning of the token sale, which puts them into the category of inconsiderable.
It is evident that Distichain is entering an up-and-coming space, in which the company can become a noticeable actor. But, in my opinion, their team is understaffed with software & blockchain developers, in particular. Besides, it’s already ICO time, but Distichain hasn’t presented an MVP yet. All in all, the project holds some potential but needs a lot of improvement.
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