Over the past few years, digital assets have increased tremendously in value. Cryptocurrencies are ideal for massive growth and adaptation due to the frictionless market incentives, permission-less innovation, global assess to value, decentralized control, impressive security measures and the inclusion of people from around the world.

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Today, cryptocurrency has an estimated market cap of $300 to $800 billion USD. Asset-backed tokens have been expected to reach $5 trillion USD by 2025.

And this is just the beginning.

When a new cryptocurrency is released there is a limited number of coins or tokens that will exist, also known as digital scarcity. This limited number is where the digital asset gets its value. Unlike governments, the crypto marketplace can’t create money when needed. The scarcity of the available coins or tokens is what raises the value of cryptocurrencies like Bitcoin and accounts to their high market capitalization.

The market cap gives a good idea of the valuation of a currency based on Fiat (government-backed) money.

Total Market cap is calculated by multiplying the number of all coins in circulation by their price. There is a vast number of websites that perform this calculation, including Coin Market Cap. It is important to note that there may be currently illiquid (not in circulation) coins, which can alter the total market cap if they re-enter.

One way to see the true value of a digital asset is to consider the total distributed supply multiplied by the digital asset price.

So far, lenders and borrowers have not found a suitable tool to unlock the value of digital assets, and the potential remains unparalleled.

“A lender who accepts cryptocurrencies as collateral will not have any issues with monetizing this collateral in case of loan defaults,”

“This has the potential to challenge traditional lending institutions as far as personal lending is concerned.”

However, the traditional banking world has been collectively slow in adapting to the world of digital assets.

Now, Depository Network (DEPO) has made it even easier for digital asset owners to cash in on their holdings while offering peace of mind to lenders.

DEPO is developing the world’s first decentralized, multi-platform collateral network. The depository will be a secure place for borrowers to deposit their coins or tokens as a collateral for loans while offering lenders full control over the details of the loan agreement.

Lenders will have their own independent depository that they have control over.

Banks and financial institutions will have a way to tap into the wealth of the cryptocurrency market.

DEPO will feature two types of contracts:

Collateral smart contract

• Transactions are automatically executed via smart contracts
• Best for assets on platforms like Etherеum, EOS, Cardano, Qtum and others with smart contracts

DEPO collateral contract

• Requires three signatures for transaction approval: borrower, lender and DEPO member
• Best for assets without smart contract support

There are plans to have the platform up and running by mid-2019. It will be open to 30,000 non-bank lenders and 17,500 banks across the US and EU, as well as hundreds of peer-to-peer lending platforms.

Depository Network (DEPO) is building the infrastructure needed for modern lending.

For more information on the project and upcoming ICO visit www.depository.network

Contact: team@depository.network