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Datarius ICO review

ICO starting date

05 Mar 2018

Year founded

2018

ICO ending date

05 Apr 2018

Prototype ready

Yes

Industry

Banking

Platform

Ethereum

Datarius cryptobank is being developed by iCrypto S.A, a Fintech company. Datarius is based in Costa Rica and is striving to be at the forefront of the now very vibrant digital economy. The project is a social-type cryptobank which offers transparent conditions. The project is designed to become the first financial institution which is capable of offering its customers a wide range of financial services using the blockchain technology.

Datarius

Datarius Cryptobank allows customers to enjoy bespoke services. The crypto will operate on the peer-to-peer basis. Parties to a transaction will be private individuals and not banking institutions. Datarius has inherited the best financial traits of the old financial markets and adapted them to the modern decentralized system.

How does Datarius work?

This crypto is designed to allow the users enjoy reduced transaction costs. The crypto serves as a liaison between lenders, analysts, insurance companies, managers, and borrowers. The altcoin is designed to offer people from around the world free access and the best amount of financial products. It is designed to prove that decentralization and lack of constraints are actually benefits. In the new set up financial firms are supposed to be partners, friends, and guides.

Datarius team

The roadmap of the crypto

Even though the prototype TR was approved in 2018, the development team of Datarius had been working on the project since 2017. In April 2018, the firm is set to get the DPL license from the Costa Rica authorities. This license allows the firm to operate in asset management, investment and also offer a payment system. It is during the same month of April that the development team of Datarius will test their very own blockchain. The crypto’s calendar is quite tight and compact given that in 2019 the team wants to acquire an FCA license and also issue the company’s first credit card among other things.

The verdict

Datarius wants to enter the banking industry with a bang. However, the cost of transactions which it offers is way too low and business transparency is enhanced. This, of course, will be a problem to the long-standing and well-established banks which are definitely going to fight back. The idea behind the crypto is ambitious and the team is solid. It will be an altcoin to watch even though there will be hurdles to deal with along the way.

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