Geneva's DECENT team posted photos on social media on February 8th of members attending Hong Kong's Science Park conference, including Business Development Manager, Peter Pongracz. The Swiss-based company conceived the digital publishing platform in 2015, and has gained an increasing amount of support from the cryptocurrency and blockchain community for its distributed content platform.
The start-up was co-founded by Slovak entrepreneur, Matej Michalko, who is now CEO, and ran an ICO for eight weeks in the autumn of 2016. DECENT raised 5,881 bitcoin, which in those days was worth about $4.2 million. The funds financed the product development costs, and legal, marketing and organisational expenses for the 2017 launch of the DECENT Network on June 30th.
The acronym DECENT is rather more complex than at first appears. D stands for Decentralised Network (natch), E for Encrypted (and Secure), Cfor Content (Distribution System, E for Elimination (of Third Parties), N for a New (Way of Publishing) and T for Timestamped (Data Records). Catchy, huh? But the intention behind the project is sound; basically, a blockchain platform which third parties can build on for encrypted digital content publishing.
The network uses its native cryptocurrency token, DCT, which is currently ranked #203 in global market cap ratings and is worth approximately $0.98.
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