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Desto (DEO) ICO Review

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Desto is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico TimeUnknown – Unknown
Token NameDesto
Token SymbolDEO
WhitepaperView Whitepaper
Website LinkHome
Price1 DEO = 0.9 USD
PlatformDEO Protocol
Soft Cap6,000,000 USD
Hard Cap43,000,000 USD

More about Desto (DEO) ICO:

DESTO is the architect for change on the pathway for blockchain technology, cryptocurrency and cashless commerce for the new world of finance. Our mission is to provide financial enfranchisement to the world’s unbanked, by blazing a new trail of enterprising, accessible and inclusive payment pathways to anyone with mobile or smartphone access. We focus on providing the unbanked from Asean region at first and that we shall expand further with our mandate.

DESTO has identified the following as major problems globally with regards to financial institutions and the availability of financial platforms:

Problems:

  1. Provide payment solutions to the Unbanked 2.5 Billion people.
  2. Crypto payment issues such as transaction speed, usability for merchants and their customers.
  3. Retail merchants,small to medium size enterprising industries, major manufacturing and larger corporate organization are yet to adopt blockchain innovative applications as part of their solution creating new income streams, cost savings, transparency, process management, inventory management, just to name a few..

DESTO innovative blockchain solutions:

  1. DESTO PAY and DESTO APPs cater to improve people’s lives and enterprising communities, especially the unbanked communities.
  2. DESTO PAY and DESTO CX enables merchants to benefit from crypto payment and instant solutions for liquidity for both crypto and eventually fiat (as per regulations) enabling them to receive new income streams.
  3. DESTO VENTURES continuously liaisons with representatives of the government and private sectors to implement blockchain solutions into their business enabling them to improve their day to day operations.
  4. DESTO RESERVE provides the DESTO community good diversified coverage of crypto holdings through collaborative owned joined ICO ventures, including the mining of legacy cryptos and acquiring new technology and talents from the crypto world.

DESTO is a disruptive Tech company for the people. Inspired and driven to create digital products to serve everyday people, with a special focus on reaching the unbanked and underserve communities. We are social-conscious and people-centric, and work by the mandate of we Plant. We Harvest. we Share.
Inspired by Carl Sagan’s Pale Blue Dot. DESTO envisions a world that is more transparent, bridging the unbanked and under-privilege to improve their quality of lives, whilst serving the banked. All these and more, with a mobile blockchain sustainable ecosystem supported by mobile connectivity.

digital payment processes. The banks that operate SWIFT are hoping that a system built on the blockchain may emerge in its place. BNP Paribas, ANZ, BNY Mellon, DBS Bank, RBC, and Wells Fargo are conducting trials with SWIFT of cross-border payments using blockchain technology. Blockchain technology is expected to play a vital role in the new ecosystem, facilitating secure and real-time collaboration between stakeholders, and enabling transparency of payments transactions.
But hungry new entrants may beat them to it, displacing SWIFT before its proponents can replace it themselves. Blockchain can already be used for digital cash by mobile wallet providers such as Xapo and Coinprism.
The use of blockchain isn’t limited to facilitating the payment mechanism itself. Banks want to combine advanced cryptography built with blockchain technology to assist with transaction security by verifying the identity of transaction participants. Corporate treasurers can take advantage of blockchain technology for real-time transaction verification and automated reconciliation, which may help to reduce processing costs.
Open APIs make experimentation with the blockchain possible. APIs provide a baseline for security and standardization in a market that notoriously lacks either quality. The data – and the scale of the customer base – necessary to achieve workable volumes for blockchain innovation can be gathered in one place by aggregators. By aggregating data, providers can deliver better services to consumers and more targeted recommendations for individual payments products, such as card selection or asset management options. Among the use cases, APIs enable requests to be made on account balances in real time, initiating a payment order and facilitating cross-industry cooperation at the client level.
As APIs proliferate in the financial marketplace, third-party FinTech firms will be able to find more creative applications of blockchain technology to mobile payments. Not all of these experiments will be successful, of course. But the sheer volume of interest in using the blockchain in mobile commerce, itself, is bound to be disruptive to entrenched payment processing practices and use cases.

WHAT WE DO

We built and own our blockchain protocol named DEO. Running the latest algorithm available in the industry now, giving it the unprecedented power of speed and accuracy, with proven tested results. We are focused on providing blockchain technology solutions while promoting responsible and ethical technology applications. As such the DESTO core team were invited to sit on the advisory board of the National Blockchain Technology Council (Malaysia). DESTO launched her own crypto-asset with the acronym DEO, and will be supported with activities powered by our fintech ecosystem to drive Quark Proof of Work (PoW) and Proof of Services to anchor our digital assets’ value. DESTO will become the first tech company in the world, with a complete blockchain powered Fintech ecosystem. We welcome like-minded companies to collaborate and work with us towards empowering the under-served society.

DESTO PAY:

Efficient P2P payments Our payment solution via the DESTO APP, that aims to increase financial enfranchisement for the unbanked across the world and to normalize the everyday use of crypto in retail transactions for the purchase of products and services. Users of DESTO PAY will be provided with a DESTO PAY Wallet, in which to store and manage their crypto assets, and a debit card that they can use to access funds in their wallet. Merchants utilizing the DESTO PAY and DESTO APP functions can also reap the benefits of instant market liquidity.

Legal, Regulatory and Compliance


Some of the elements of the whitepaper shall be governed by international legal terms. The DESTO extensively believes in best practice policies and procedures intended to ensure legal and regulatory compliance. Every registered user shall have to comply with the AML and KYC norms with respect to the global standards. DESTO is committed to maintaining compliance with laws, regulation, and licensing with governing bodies to achieve sustainable growth. We intend to prepare a list of elevated risk profiles and would likely distribute and supply those information to government agencies as per their demand. DESTO platform will enforce the rules and regulation related to cryptocurrency, user protection act, data security and deceptive business practices and other procedure intended as legal and regulatory compliance in the countries where our platform is operational. We desire to act with the highest standards of integrity, honesty, and accountability.
DESTO currently does not support registration for citizens and tax residents from the following countries: United States of America, Canada, South Korea, and China. The DESTO COIN shall not be offered for sale or sold to any person who is resident or situated in any state or jurisdiction where such transactions are not applicable by law or require specific licensing or regulatory approvals. Participating persons are independently responsible to determine such restrictions applicable to them directly and comply with them. The KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements must be adhered to and fulfilled by the purchaser as per the requirements mentioned at the time of purchase. The DESTO COMMUNITY is intended to be developed as per the scope of work contained herein, on the successful completion of the ICO, however the project scope, budget and deadlines are open to change at any time and should not be deemed as final.

TARGET MARKET


DESTO aspires to be the gateway to the world of cryptocurrency for the people of all nations. From the public, students, to local, national and international enterprising corporations, DESTO offers crypto services that are easy, safe and fast. Any individual or collective that believes in the benefits of crypto-driven enterprises and banking is welcomed at DESTO.
Especially so, for newcomers to the crypto world, DESTO COIN, DEO, offers everyday people an understanding about adopting crypto in their lives. DESTO supports the people that live in regional areas and countries that are too distant from modern banking facilities in developing countries. Africa, South America and parts of Asia have limited accessibility to innovative financial services that enable them to seamlessly send, pay, receive and store their money in a safe and secure way.
Such areas increase global non-cash transaction share: emerging markets contributed to 32.1% of the global volume and witnessed a growth rate of 21.6% from 2014-15, while mature markets contributed to 67.9% share with a 6.8% growth rate1.
Despite having the advancement of mobile technology and the internet in the Corporate world, the banking sectors are over regulated for people from such areas, and cumbersome and expensive to maneuver.
At the same time, traditional bank/customer relationships are coming under pressure as new-age tech-driven financial firms attack the most profitable part of their value chain, driving down profitability2.
One of the biggest market potentials for the crypto market will be to provide borderless financial services to the unbanked. This accounts for as many as 2.5 billion unbanked adults

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