JAKARTA, INDONESIA, Nov. 11. 2022 (GLOBE NEWSWIRE) — Trustlane, a crypto project originating from Indonesia will issue an ERC20 based DBFI token on the Ethereum blockchain. Details and Prospectus (Whitepaper) have been released with pre-ICO and ICO to be announced soon. DBI tokens will be issued by Trustlane as the backbone to build the Trustlane ecosystem.
The ecosystem will be built and expanded using hybrid blockchain technology that acts as an intermediary between the financial, business and investment sectors, an all-in-one integrated platform. The DBFI platform is a solution for crypto digital assets that are managed using the financial standards of banking and decentralized asset management.
Trustlane integrates blockchain technology for the business, financial and investment sectors in order to accelerate the transaction process exponentially. Trustlane also enables effective regulation to connect the fiat economy with cryptocurrency and CBDC (Central Bank Digital Coin) in the future. The DBFI platform aims to build an ecosystem to improve time/cost efficiency and enable crypto flexibility with crypto banking developed by Trustlane LLC. The DBFI platform differs from DEFI (Decentralized Finance), as the platform uses a centralized system to enable the transaction process, instead of the decentralized authorization system adopted by DEFI.
The uniqueness of the Trustlane platform allows the organization of data and digital assets in a hybrid blockchain ecosystem before transactions are forwarded to the public blockchain. The platform allows any digital asset to be matched, registered and itemized. The development of the DBFI ecosystem targets the B2B sector that requires a simple, transparent and protected business transaction process.
The Trustlane platform uses smart contracts that can be programmed by third parties. Smart contracts are open smart contracts (OSM) that can be programmed and used for identification in monetary transactions, investments, confirmation and secure messaging between companies and financial institutions. One of the roadmaps in the Trustlane ecosystem is to issue stablecoins that have a one-to-one (1:1) value with their respective fiat currencies such as the Euro, US dollar, Indonesian Rupiah, etc. Stablecoins are used to mediate transactions in the Trustlane Ecosystem. Trustlane’s issued stablecoins are not affected by crypto volatility because they are backed by fiat cash that is locked in a custodial bank and audited regularly.
Trustlane does not use algorithms or commodity assets to guarantee stablecoin issuance. In the short term, Trustlane will issue USDV, a stablecoin pegged to the US dollar following the initial offering of DBI tokens. Initial Coin Offering (ICO) Currently, Trustlane has not opened an “Initial Coin Offering (ICO)” for DBFI tokens. However, Trustlane has opened a whitelist for those who want to participate in the Pre-ICO stage. Thirty (30) million DBFI tokens are allocated for the pre-ico stage at different offering prices.
DBFI tokens are modeled with static supply and dynamic pricing, with a total supply of 99,999,999 tokens and a maximum initial trading market cap of 800 million dollars. Trustlane focuses on tokenomic concepts that are in line with technological advances and market demands.
Trustlane is a crypto project founded by a subsidiary of PT IDFC International which is “Trustlane LLC” registered and licensed (license no 488/1B-71/469/2022) by FIZ Trade Zone Georgia. The license allows Trustlane LLC to operate a business in crypto; exchange, banking, investment, storage, and issuance. The company provides a great crypto experience, focusing on dependability as well as usability. It also offers crypto-based technology services, technologies that operate on desktop and mobile platforms. Trustlane works day and night to help customers develop their crypto network by experienced developers.