Investors Flock to Blockchain Startup DECENT, Raising USD $3.5 Million In Initial Coin Offering (ICO)

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DECENT, a new Blockchain-fueled peer-to-peer content distribution platform, has received more than USD$3.5 million in investment since its Initial Coin Offering (ICO) went live on September 11. Powered by Distributed Ledger Technology technology, DECENT is designed to remove third party manipulation, protect user privacy and prevent content piracy. The revolutionary network benefits the storage, publishing, and distribution of digital files like movies, photos, music, blogs and articles. The Swiss-based startup has so far raised more than $3.5 million USD worth of its digital currency, called DCT, during an ICO that concludes on November 6.

They expect investment to accelerate more having recently integrated the ability to participate in the ICO using fiat currency direct – with a number of services including Cashila, Paybis or ANOON (Paypal) which provide the means of fast and precise currency exchange that can be used in participation with DECENT ICO

Co-founder of DECENT Matej Boda said:

“We are thrilled that so many people around the world are seeing such value in our platform because the content distribution industry has been encumbered with catastrophic problems for years. In particular, maintaining and policing Digital Rights Management and Intellectual Property has become extremely difficult, even as access to content has become easier. Our technology makes it possible to track and secure each piece of content on the network from the moment it is created and uploaded, because it is timestamped and immutable. We can effectively eliminate piracy and at the same time, maintain user privacy through data encryption.”  

DECENT, which plans to launch in the first half of 2017, will allow users and media creators to publish content on the platform for a small DCT fee while enjoying 100% of the revenue.

“Unlike Amazon, Shutterstock, and iTunes, who share almost a third or more of revenue on works hosted on their platforms, we aim to free media creators from middlemen and manipulation by sharing and selling content at almost zero cost, but with maximum reward,” said Boda. 

DECENT also differs from Torrent streaming sites for two reasons: firstly, copyright infringement is nullified by the content owner’s willingness and permission to upload the work, and secondly, seeders are rewarded in DCT for providing computational power to distribute networked content. 

“Our technology is based on Proof of Custody, a concept where the seeder, or data storage server, proves that he is in possession of a given data. Due to the nature of DECENT Blockchain technology, the proof must be verifiable by the miners, who don’t actually see the data due to encryption, but provide the server power and therefore contribute to the efficiency of the network,” added Boda.  

Backers of the DECENT ICO will be issued with DCT tokens at its close. DCT distributed in the ICO will be 70% of the total DCT volume, with the other 30% dedicated to mining rewards. Public investors can use Bitcoin or fiat as payment options to join the DECENT ICO. 

According to CoinMarketCap.com, total existing cryptocurrencies are now valued at over $12 billion, rising from $7 billion at the beginning of this year.

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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