The Debitum token will fuel every transaction on Debitum Network. Thus, becoming a sustainable token that'll grow in value over time as the Debitum Network eco-system becomes more widespread.
Why did we create a new token instead of using Ether?
Better Control of Means of Value Exchange within the Ecosystem
With an own token created and distributed, we are able to develop smart contracts that allow to fully control of the token ensuring that Debitum Network smart contracts will be able to guarantee clear token flow and payment management for provided services in Debitum Network ecosystem.
Equipped for Future Developments
Possibly, the task of decentralizing the alternative finance industry has a more elegant solution, without using Ethereum, based on a devoted blockchain or a tangle ledger or some other technology that is yet upcoming. Perhaps some newer third party infrastructure, whose development is already underway, will become a more valuable hosting platform for Debitum Network. What we do know is: (1) Ethereum is a workable and affordable solution for now; (2) if we have our own token, we are by far better prepared for a potential migration in the future. Ethereum is a launch pad for Debitum Network, but we shall have all key equipment buckled so it goes with us wherever we fly in the future.
More Space for Legal Compliance
An act of onboarding an investor includes accepting some financial resources from them. Laws differ from country to country, but in most places on Earth, if you give some other commonly recognized currency in return to that — the transaction qualifies as a possible starting point in a potential money laundering chain and thus results in a full-scale KYC/AML procedures. Both Bitcoin (BTC) and Ether (ETH) are likely to become officially recognized in many countries worldwide, Japan being only the first one. Paradoxically, some waves of broad crypto adoption are not in our favour. The native token gives potentially valuable flexibility in this regard, whereby counterparties might be able to operate without (or with less) licensing requirements, etc.
Leverage Invention of Closed-loop Economies Against Traditional Competitors
The native token is a protectionist economic weapon for a new, disruptive ecosystem operating in the hostile competitive environment In connection with this argument, it is also important to note that some activities in Debitum Network are long-term and the dormant value of ongoing efforts needs be accounted for. The native token does that naturally and free of charges or limitations. For example, a debt collector might be handling a single case for many years. The native token naturally integrates that sort of continuous effort into the valuation of ‘gross domestic product’ as the corresponding cost of the service is temporarily locked-in in the form of tokens. When such debt collector finishes the job, tokens will be converted into fiat, which, again, will reflect the change in the system’s total value.