PRE ICO Dates : 01/05/18 – 01/06/18
First MultiChain Oracles Framework
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DUCATUR ICO is a framework that allows you to create oracles for reliable data exchange between the interacting participants on the blockchain. That would be a system in which you always trust the received data and which provides a reliable connection between the blockchain and external information.
The product is a set of smart contracts and an off-line node with an interface between them.
The mission of the project is to create a successful product that will enable off-chain companies to quickly shift their business onto the blockchain. With the help of the framework, network clients can exchange verified data, resolve disputes, and can build their business as arbitrators, experts and / or data providers.
WHY DOES BUSINESS NEED DUCATUR?
1. Oracle creation availability. The DUCATUR framework will work in several blockchain networks: Ethereum, EOS, NEO. Thus, the infrastructure problem will be solved: it will become possible to create an oracle or dispute resolution mechanism for any situation without having to pay high commissions and using are tested out dev solutions. In addition, the scope of smart contracts implementation will expand due to working in several networks.
2. A solution for banking transactions. Using the DUCATUR node, the interaction participants enter into an agreement, and if the node conditions are met, it will instruct the banking system to commit the transaction. This solution will effectively build interaction between partners: payment for goods and services will be automatically made when the transaction is confirmed, and its terms are met.
3. Qualitative and reliable data exchange. The data provider in the node is interested in providing reliable information, so that you can be sure of the correct functioning of the prediction market, forecast rating, exchanges or escrow that use this framework.
4. Arbitration in disputes. In the event of a dispute, the expert arbitrator, based on objective data, decides, being, on the one hand, an uninterested party, and on the other – motivated to make the right decision.
5. Entering the “new markets”. A market with a capitalization of several hundred billion dollars potentially not only enables the “whales” to strengthen their positions, but also a very good chance of 1,000 local companies, to win their place in the sun.
6. Qualitatively new forms of organizations – decentralized companies, where the management of financial flows occurs through the management of smart contracts through oracles.
The DUCATUR framework will function solely due to the DUCAT token, which is deeply integrated into the system to ensure maximum turnover, as the value of any crypto currency exponentially grows with the number of agents using it.
Since the DUCAT token is the only mean of calculation on the platform, so the demand for it will grow based on the number of nodes created, experts and the development of the framework itself. About 7,000,000,000 Ducats will be created at the moment of TGE, according to the logic of having 100 ducats for each smart contract in the Ethereum network at the time of the TGE.
Thus, the model of the token is deflationary, built on limited offerings with growing demand over the past year, the number of smart contracts has increased 40 times with the expected growth of 100 times.
2016 June 13 – 123,376 contracts
2018 February 10 – 4,784,631 contracts
2018 March 3 – 5,202,239 contracts
Planned 2018 June 1- 7,000,000* contracts
There are four ways of buying DUCAT tokens:
- During the pre-TGE with a bonus;
- During the TGE with a bonus;
- On exchanges where DUCAT tokens will be placed after the crowdsale;
Through the Bankor protocol on the DUCATUR Network. The DUCAT tokens comply with the ERC-20 standard.
A total of 7,000,000,000 tokens will be issued, no additional offerings are planned. Unsold tokens will be destroyed.