Decenturion ruen

Decenturion project is positioned as a completely decentralized state, in which all services and communications will be based on blockchain technology.

It is assumed that in Decenturion there will be no taxes for all citizens and all the state assets will be transferred to citizens in tokens of projects included in Decenturion. Decenturion has its own ministries responsible for the development of various aspects of the state. At the same time, all decisions in the state must be made on the basis of user voting.

The project provides DCNT native token, which gives citizens certain rights to participate in the development of Decenturion, getting bonuses and privileges. Citizens of Decenturion must obtain a passport of citizen which can be issued, including in paper form.

The project pays special attention to attracting startups to "domestic market", where they can distribute their tokens among Decenturion citizens. One of the key privileges of citizenship is the right to receive a share of the emission of startup tokens.

As a result of the analysis of Decenturion, fraud risks and risks of losing funds by users who intend to become citizens of Decenturion are revealed. In this regard, we recommend to carefully read the text of the analysis.

The project did not carry out ICO as such, the distribution of project tokens is carried out in various ways indicated below.

The total number of issued DCNT tokens is 30,000,000.

Tokens are issued on the basis of Ethereum and have ERC20 standard.

Tokens types

There are 2 types of native tokens in the project: DCNT Classic (internal token) and DCNT Liquid (external token).

DCNT Classic can only be used within Decenturion decentralized state. DCNT Classic tokens can not be sold or put on the exchange. They can be used for:

• Getting Decenturion startup tokens.
• Participation in voting and enactment of laws.
• Invitations of new citizens.
• Sales between citizens of Decenturion.

DCNT Liquid are external tokens, which can also be used for getting Decenturion startup tokens, voting, enactment of laws and invitations of new citizens, and which can be additionally used for sales on external markets, for example, on the exchange.

Also a separate type of token is called DCNT passport token, a token required to activate the passport of Decenturion citizen, which is permanently frozen on user’s account.

All 3 types of tokens relate to initial emission of 30 million DCNT tokens. Division of tokens into groups is nominal and controlled by developers.

Users can not withdraw internal tokens on their balances in their personal account, because they are actually stored on the project team wallet. Thus, the possession of these tokens is nominal.

Possession of internal tokens is reflected in personal account of the platform. Users don’t have their own address in the blockchain with internal DCNT tokens and private key giving the right to dispose of tokens at their discretion. It’s impossible to withdraw these tokens on personal wallet.

In this, internal tokens can be sold between users, the form of payment remains at the discretion of users. That is, users can buy tokens, which will remain on the wallet of representatives of the project team, by transferring the real money to the seller's personal wallet.

There are no guarantees that internal tokens will ever get on user’s personal wallet.

External tokens, which can only be purchased, do get on the user's personal wallet. However, to get the multiplier (see the "Built-in mechanisms and functions" section), users must bring DCNT Liquid tokens on the platform, that is, on the developers wallet. The functionality of withdrawing token from the platform is not implemented yet, there is no information about the planned time of release.

More details about opportunities and rights in Decenturion decentralized state, which will be received by its citizens who own DCNT tokens, are in the "Built-in mechanisms and functions" section.

Distribution of tokens

The project documentation states that DCNT tokens “are issued and allocated by the Decenturion state reserve. The key task of the state reserve is to allocate quotas for the distribution of DCNT tokens/passports among future citizens, ministries, and accredited organizations, as well as for acquiring assets and implementing programs that will help the state obtain sovereign status”.

It is also noted that the following quotas were determined as a result of voting:

• 10'000'000 —  a quota for attracting citizens through direct issuance of passports
• 10'000'000 —  a quota for the development of ministries and a motivational program for accredited organizations
• 10'000'000 —  a quota for conducting exchange operations for assets required to obtain sovereign status, etc.

Until August 1, 2018, users could get internal tokens by registering on the official Decenturion website. During registration it was necessary to specify the address of the Ethereum wallet. On August 1, the first 100'000 (about 0.33% of the issued DCNT tokens) of internal DCNT tokens were distributed among users, in proportion to the balance of the ETH wallets.

It is worth noting once again, that in this case tokens are not distributed to users' wallets, but are displayed in the personal account on the Decenturion website.

After August 1, 2018, tokens can not be obtained for free, but they can still be exchanged for contributions to development of the state in the form of money, time or resources. There is no clarification on the time and resource contribution.

From the information in the project documentation, which does not directly indicate the division of tokens into external and internal ones, after August 1, 100,000 tokens will be allocated every month from the state reserve from the first 10,000,000,000 quota, but they will be distributed "in direct proportion to the amount of ETH donated to the Decenturion Foundation, without any maximum limit for users."

We can assume that similar to distribution of tokens from August 1, there will be a distribution of internal tokens, which remain on the wallet of the project team.

External DCNT tokens that actually get into user’s personal wallet can be purchased on the exchange, only HitBTC, or at the Ministry of Commerce of Decenturion, which is the Cryptonomics Capital fund. At the same time, representatives of the project emphasize the profitability, especially of batch purchase, of tokens in the Ministry.

Besides purchasing the external tokens in the Ministry of Commerce, users can also buy internal tokens. In this case, from the new economic model published by the Ministry of Commerce of Decenturion on August 23, 2018, users will additionally be credited with external DCNT Liquid tokens in the amount of 50% of the investment volume. However, as it appears, the economic model has changed many times. On August 24, 2018, the opportunity to buy internal tokens with a bonus of DCNT Liquid tokens has not started yet. The launch of the new economic model is planned on September 1, 2018.

In order to attract investments, all documents are supplied with promises of multiple income, rise in the cost of token, which should push the user to buy tokens as soon as possible. In this case, such advertising phrases are used:

• "Price for tomorrow is always higher or equal to the price for today (set by the algorithm)."
• "Official price is published on Decenturion.com and increases by $500 monthly."
• "We are turning DCNT Classic and DCNT Liquid tokens into the best market products of the decade," and so on.

In official chat rooms of Decenturion the documents were distributed with answers of the founder Nikolay Evdokimov on a number of questions about the project. There were also questions concerning the cost of tokens:

“ — You said that there were very few tokens in CC (Cryptonomics Capital) for $1000. They have still being sold at this price. Are there many of them left?

— There is still a very small amount left. But in any case, $1000 tokens will be withdrawn from sale on August 1. The principle of raising the cost is "the end of the party" or "the end of the calendar month." From the first day of next month in CC tokens will be selling for $1500, and for $2000 in retail.”

From the answer, we can conclude that the cost is set by the team's representatives and may not be correlated with the real demand for the token and its value.

Tokens from the second quota will be distributed in the amount of 100'000 DCNT per month in favor of Ministries and motivational program for accredited organizations. Decenturion Manifesto states that tokens will be accrued only as a result of achieving the set goals. Tracking mechanisms for users are not yet publicly available.

DCNT tokens are issued on the basis of Ethereum, respectively, the mechanism for ensuring consensus is Proof of Work.

In Ethereum blockchain, it is planned to implement Casper protocol in the future and the transition to the hybrid consensus mechanism Proof of Work + Proof of Stake.

Decenturion state functions using tokens issued on Ethereum, there is no own blockchain platform at this stage. The development of an exchange for domestic market of Decenturion is planned in the future.

Transparent mechanisms that confirm the possession of internal tokens by citizens are absent. Details of the internal arrangement of the platform, including the personal cabinet, are missing.

Decentralized voting mechanisms, making proposals, public procurement, etc. are under development without specifying the planned release date. Despite the promises of the project to implement such functionality, the concept of internal tokens, which are stored on a single wallet, does not allow the implementation of mechanisms transparently based on the blockchain.

According to the founder of Decenturion Nikolay Evdokimov, the main interactions with the project are carried out through several companies:

• Decenturion Foundation PTE Ltd, jurisdiction of Singapore.

This company represents the Ministry of Finance of Decenturion state and on its behalf must conclude deals for acquisition of real estate, software, etc. The only founder of the company is Nikolay Evdokimov.

• Decenturion Accelerator PTE Ltd, jurisdiction of Singapore.

The legal entity of the Ministry of Industry, which should interact with startups.

• Crypto Economics (Switzerland), Chapmans (Australia), China Blockchain Alliance (China) companies.

On official resources, for example, in the blog on Medium articles are accompanied by a note that the relationship between citizens and Decenturion state is regulated by smart contract, but this smart contract is a contract for the release of tokens on Ethereum, so it is unclear what is meant.

To become a citizen of Decenturion, user needs to get a passport that allows him to become a member on the platform. Before August 1, 2018, the obtaining of passports was free of charge, wherein one internal DCNT token, also called a passport token, should be permanently blocked (for more details, see "Mechanisms and principles of emission"). In addition to the digital version of the passport, participants can either obtain a paper version or order it by mail (delivery costs $50), or by getting it at the congress of citizens of Decenturion. Initially, there was information about the free participation of citizens in events, now participation is mostly paid. The nearest congress will be held on September 13, 2018.

On August 24, the cost of the passport on the official website is $1500 in BTC or ETH. To increase the motivation of users to purchase passports, the Decenturion team predicts an increase in its value on the assumption of significant increase in demand, providing on the official website corresponding graphs for the cost of getting the citizenship.

At this stage, the passport has no legal force, since Decenturion is not a recognized state. In some sources, it is stated that Decenturion is negotiating with such states as Liechtenstein, Malta, Gibraltar and others to establish a visa-free entry on their territory. Confirmations on official sources are not available, which is not surprising, since the legal implementation of such process is unlikely in the near future. Also, on some sources, there is information that Decenturion is in the process of buying several islands near Malaysia, since Decenturion must have its own territory to become a sovereign state.

The official blog on Medium contains materials that indicate the signing of a Memorandum of Understanding and Cooperation in the blockchain technology between Eurasian Economic Cooperation Organization and Cryptonomics Capital fund, which is the Ministry of Commerce of Decenturion, and a meeting with representatives of Liechtenstein.

In disclaimer of Decenturion it is indicated that Decenturion does not give any advice on investing money and is not responsible for any losses incurred by participants. Such statements, although they are traditional for such documents, are significantly different from the imposed ideology of guaranteed substantial profits.

Also in the disclaimer the following phrase is written: "Member uses its Decenturion wallet to store its digital assets. When account is deactivated, Member needs to send these digital assets to an outside wallet within 30 days. Only digital assets may be transferred to an outside wallet, since only digital assets are stored in Decenturion wallet”.

Taking into account the principles of storing internal and external DCNT tokens (for more details, see "Mechanisms and principles of emission"), the interpretation of the above sentence is unclear. There is no division in the disclaimer into internal and external tokens, so the rights of users when accessing internal tokens that are not stored on their personal wallets are not considered separately.

Ethereum basic technology has low to date performance and scalability. The number of transactions per second is 10 - 100 (TPS). The average figure is around 15 - 25.

The developers of Ethereum plan to introduce soon new technologies, designed to significantly improve these indicators.

Structure of the state

Initially, Decenturion established 10 ministries (ministries of the first wave):

• Ministry of Foreign Affairs.
• Ministry of Commerce.
• Ministry of Industry (work with startups).
• Ministry of Information.
• Ministry of Education.
• Ministry of Administrative Affairs (software development, technical support, etc.).
• Ministry of Labor.
• Ministry of Finance (state reserve).
• Ministry of Justice.
• General Assembly (lawmaking).

In total, there are planned 5 waves of ministries emergence, there will be 10 ministries in each.

Citizens can apply to the Ministry of Labor for a position in Decenturion state. The obtaining of position is accompanied by receiving a multiplier, which increases the expected passive income from DCNT tokens.

Startups

Decenturion state offers two forms of participation: physical residents for citizens and legal residents for startups.

Startups are the basis of Decenturion economy. It is assumed that it is preferable for startups to enter domestic Decenturion market, where they will automatically get a large number of users interested in decentralized technologies and tokens implementation.

Emission of startups is 100 million tokens and they must distribute 50% of their project tokens free of charge between Decenturion citizens in proportion to the number of DCNT tokens on the user's balance. The distribution scheme resembles airdrop. Further, users can use them at their own discretion: to sell on the domestic market or to use within platforms of startups. Passive income of startup tokens is the main motivating factor for most citizens of Decenturion. A platform for filing applications by startups is at the link.

Now startup tokens are transferred to inner wallets of citizens, that is, users can not directly transfer them to their personal wallets. According to the representatives of the project, the development of the exchange is underway, where in the future startup tokens will be traded. At the same time, domestic marketplace has already been launched, where users can sell startup tokens among themselves.

In case of buying / selling startup tokens on the marketplace, tokens will be transferred to the buyer's personal wallet. There is no functionality for direct output of tokens from the account to a personal wallet yet.

Users hope to have in the future a direct output of startup tokens on personal wallets, since the startup will eventually need to list the token, etc.

It's also worth noting that a separate token is created for startups in Decenturion, even if the startup has already conducted ICO and released its own tokens.

According to the founder of Decenturion, Nikolay Evdokimov, startups will independently buy their own tokens, since the contract (the contract text is not publicly available) states the need to spend 25% of gross profit on buying out and burning distributed tokens. There is also information available that startups will buy out tokens, as within their products there will be a customer demand that needs to be met. How buying out with burning and buying out for customers are correlated is still unclear.

Thus, after charging tokens, users can trade them on the marketplace, forming a secondary market for startups, from which they are obliged to buy tokens for 25% of their profits and burn them, which should increase demand and, accordingly, the cost of tokens.

On August 26, 2018 tokens of four startups have been accrued, you can find out more on the page of startups accelerator. Citizens of Decenturion can already sell and buy internal startup tokens, but according to reports in the Telegram chat, the accrual is carried out for a long time.

Multiplier

To increase the share of passive income and the "weight" of the citizen on the platform, a member can get a multiplier. In the new version of the economic model from August 23, 2018, getting the multiplier is due to the purchase of external DCNT Liquid tokens and corresponds to their integer number in user’s account. For example, if you have 1 DCNT of passport, 3 internal DCNT Classic and 4 external DCNT Liquid, you will receive a multiplier of 4 and the weight of your account becomes (1 + 3 + 4) * 4 = 32. Thus, for example, when you accrue startup tokens, you will get them 4 times as much.

Also, multipliers are accrued to citizens who have positions in the state. The higher the post, the larger is the multiplier. Multiplier works only when DCNT Liquid tokens are on the account. The maximum value of multiplier is achieved when DCNT tokens are transferred to the trust management of the Cryptonomics Capital fund.

Voting

As mentioned above, DCNT tokens give the right to vote on Decenturion development. The multiplier will also affect the weight of the voice. This aspect causes an ambiguous reaction in the community, as it turns out that the votes of citizens of Decenturion will be unequal, the voices of more privileged citizens or citizens with a large number of purchased DCNT Liquid tokens will receive more weight.

Voting hasn’t been taken yet, but, according to the entries in the blog, the first voting will take place at the next Decenturion congress, which was postponed to September 13, 2018. The details of the voting are not disclosed.

The advantages of voting on the basis of blockchain are offset by the storage of internal tokens on the developer's wallet, which will not allow to transparently account the voices of all citizens through the blockchain.

After the planned development of the voting module, it is planned to introduce a module of public procurement and making proposals by citizens (lawmaking).

Referral program

In the new economic model, a referral program was presented: "Any user who invites potential citizens by a referral link to Decenturion's home page or to their own landing page will receive 25% of the purchase of DCNT Classic, which will be frozen when citizenship is activated and becomes a form of DCNT Passport."

To interact with Decenturion, user must have an account on the official website and a citizenship. The user gets access to personal account, where his token balance is displayed, and to the internal marketplace where internal tokens can be bought and sold. Each user has his own landing, where he indicates the cost of buying and selling tokens. User's landings are the basis of economic activity of citizens, due to which they should receive income.

When buying and selling tokens, Decenturion does not act as an escrow and transactions are conducted directly between users. Tokens are transferred from balance to balance after confirmation of the transaction. It is worth noting that the success of the transaction depends on the integrity of the participants.

Because of the website update on August 25, 2018 there is a large number of complaints that it is impossible to open personal account, and it does not display tokens.

If we consider the ease of integration of DCNT tokens with exchanges, this should not cause problems, since tokens have a popular ERC20 format. There is no information on integration with third-party projects.

On July 19, 2018, the DCNT token was listed on the HitBTC exchange. By August 25, 2018 this is the only exchange site where the token is presented. The daily trading volume is quite small —  0.1529 BTC.

Plans for further token listing are absent in public access. Taking into account the mechanism for distributing tokens through the Ministry of Commerce (the Cryptonomics Capital fund), where the price is set, it is unclear how interested the team is in the additional listing of the token.

Initially, the token was placed on the exchange with a cost of $1500 for 1 DCNT. In official chat rooms, information is available that the team plans to buy up to 1 September all the tokens below $1500 from HitBTC exchange and place a new quota of 100,000 DCNT with a purchase price of $2000 per token.

On August 25, the cost of 1 DCNT on HitBTC exchange is 734 USDT (0.1097 BTC).

Graphs of the cost of DCNT token on HitBTC exchange to USDT on August 25, 2018:

Taking into account that developers store the main part of the tokens (read more in "Applicability" section) it is incorrect to consider the capitalization as the number of all DCNT tokens multiplied by the current cost.

Decenturion does not have White Paper in its usual form, the main document is the Manifesto. The Manifesto specifies the general basic principles of the state functioning and the interaction of its residents.

However, the document lacks many important details, for example, the legal component of the project, the division of tokens into external and internal. During the existence of the project, a large number of changes occurred, which are not reflected in the documentation.

The technical side of the issue is also not disclosed. For example, it is planned to launch a voting module and a public procurement module, but there are no details of the implementation of these products.

According to Nikolay Evdokimov, by September 2018 a new version of the Manifesto should be released.

There is no Road Map in the project. it is possible to learn about plans and current works through webinars with Nikolay Evdokimov and on social networks posts. At the same time, there are no exact dates, and many announced plans, for example, the planned number of integrated startups, do not correspond to reality.

Team

Public information about the project team with the indication of their positions is missing. Representatives of the team declare that soon information about the team will appear on the landings of the relevant Ministries. At this stage, there are no full data, including platform developers. It is assumed that in Decenturion the election of ministers and other officials should be carried out with the participation of users, but so far these mechanisms have not been launched yet and ministers are simply appointed "from above".

The founder of the project —  Nikolay Evdokimov, serves as a Minister of Information in Decenturion. Nikolay Evdokimov is a well-known businessman, the founder of the service of automated promotion of SEOPult sites, the owner of the ICO ICOBox provider, the platform for ICO Cryptonomos, the creator of the Cryptonomics Capital fund. Nikolay Evdokimov is the author of Decenturion and it is he who mainly deals with interaction with users, including holding webinars.

The Cryptonomics Capital Fund is the Ministry of Commerce of Decenturion and is responsible for the sale of DCNT tokens. Projects are developing in close connection. The Cryptonomics Capital team includes:

• Nikolay Evdokimov —  Strategic Advisor.
• Yuri Golovko —  CEO.
• Denis Klevtsov —  Executive Director.
• Alexander Forostin —  Head of Sales.

There is no detailed information on their professional background.

Despite the lack of complete information about the positions in Decenturion, the following public information is present:

• Nikolay Evdokimov —  Minister of Information.
• Yuri Golovko —  Minister of Education.
• Rustam Zaripov —  Minister of Public Affairs for Russia and China.
• Sergei Sichkar —  Minister of Industry.
  The founder of the streaming platform for ICO Icopitch, the scoring platform for ICO Starshade, the managing partner of Arca Group, which is engaged in asset valuation and investment attraction.
• Igor Shoyfot —  Minister of Industry for Russia.
  The entrepreneur, founder of the project Fotki.com, chairman of the board of directors of business incubator Happy Farm, served as general director of the gaming portal Epsylon Games.
• Anna Degtyareva —  Minister of Administrative Cases.
  The entrepreneur, one of the directors of business-incubator Happy Farm.
• Victoria Pirumova —  Minister of Foreign Affairs.

At present there are practically no such projects. Blockchain begins to be introduced in the state structures of some countries, but this is mostly experimental.

Decenturion is positioned as a decentralized state, although it is not entirely clear which functions will be decentralized in the long run.

As a competitor can be considered a self-proclaimed microstate Liberland, which was established in April 2015. Liberland is located in a small neutral area (7 sq km) between Croatia and Serbia. Initially, it was planned that public services would operate on the basis of electronic services. The national currency is merits, which, among other things, give the right to vote. The cost of one merit is equal to the cost of one USD. Some sources report that BTC is the national currency, but this information is not confirmed on the official Liberland website. Donations for the development of the state are taken in many ways, including in cryptocurrencies. To all who make a donation, merits are accrued in the ratio 1 USD = 1 merit.

One of the citizens of Liberland is Universa CEO Alexander Borodich, who reported that he is the head of Economic Council of the state.

Citation, social networks

The Decenturion project is quite popular. Users like the idea of ​​a decentralized state, in which all citizens have the right to make decisions and passive income. The project was first widely presented at the popular conference Consensus 2018.

Many media published articles on Decenturion. Including after Decenturion Congress in Moscow, there were publications in non-core media. Decenturion provides reward for accredited media, which, according to some sources, is 20 DCNT per month when performing KPI. Taking into account the cost of the DCNT token, it is more than 20 thousand dollars a month. In this regard, it is likely that many publications are made on a commercial basis.

The popularity of social accounts on August 25, 2018:

• Medium — 542 subscribers.
• Facebook — 8030 subscribers.
• Twitter — 1483 subscribers.
• Telegram (eng) — 3999 subscribers.
• Telegram (RU) — 3366 subscribers.

Also in Telegram several chats were created: a chat room for Decenturion support(5240 subscribers), a chat room for communications (766 subscribers).

It is worth noting that interest for the project is also linked to its ambiguous reputation and accusations of creating a financial pyramid and deception of users.

Applicability

On August 25, 2018 on the official website is noted that 250'000 citizens from 186 countries and 20 startups are registered in Decenturion. Since the registration of a citizen is not directly related to confirmation in blockchain, it is not possible to check these figures. It is noted that there are 20 startups registered, while only 4 companies are listed on the accelerator startup website.

According to the etherscan, DCNT tokens are distributed between 191'391 addresses, 193'395 transactions have been completed. It is worth considering that the citizenship of Decenturion is confirmed by an internal token, and not external, so the correlation between the number of citizens and addresses is unknown.

At the same time, 97.9667% of all DCNT tokens are stored on the largest wallet.

Projects on technology

Among the startups specified in the accelerator on August 25, 2018, 4 projects are presented:

• Bitrent
  The project plans to deal with the development of building facilities for Decenturion. The site says that the project will use two blockchain technologies: Ethereum and Hyperledger. Tokens of the RNTD project will be used to pay rent, utilities, notary services, etc. How the integration of blockchain technologies will be implemented in the project is still unclear.
• Unicom24
  Blockchain-platform for p2p lending with scoring systems.
• DC Exchange
  P2p exchange to exchange cryptocurrencies.
• IDCS
  Service for receiving dental services.

Only IDCS is already working among these projects, and it is unclear how Decenturion users will be able to use their tokens apart from selling.

Persons in the project

As part of the team can be identified Nikolay Evdokimov, who is a famous entrepreneur. There are no widely known in the crypto industry persons among the project team.

The reputation of Decenturion project is ambiguous and many call it a financial pyramid, as well as the Cryptonomics Capital fund. There are numerous articles in internet pointing to the questionable nature of activity, for example, a review of the Cryptonomics Capital fund or an article describing the financial side of the publication of articles on Decenturion in media.

Decenturion promises citizens a guaranteed high profitability, while the maximum multipliers are achieved when transferring funds to the management of the Cryptonimics Capital fund.

In Decenturion Manifesto users are promised a return of $25,000 per year for 1 DCNT token. At the same time, the disclaimer states that the project does not carry any advice on investing and responsibility for the loss of funds.

The main profit of users should be formed due to passive receiving of startup tokens on their balance in proportion to the number of DCNT tokens on their account and their following sale on the domestic market. It is assumed that the demand for startup tokens will grow. At the same time at the moment startup tokens are credited on the balance of users on the platform, not on personal wallets. And there are no guarantees for increasing the demand for startup tokens, as the supposed economic model has not been tested yet.

DCNT tokens are conventionally divided into internal and external (for more details, see "Mechanisms and principles of emission"). Internal tokens that are displayed in the personal account are stored on the wallet of developers, while they can be purchased for real money from other users, as well as in the Cryptonomics Capital fund, which is the Ministry of Commerce. User can not transfer internal tokens on his personal wallet. And it is unclear whether he will ever be able to transfer them. But it’s already possible to sell tokens on the internal market. That is, users transfer funds to each other in BTC or ETH for internal tokens, the numbers on the balance in their personal account change, and the tokens remain on the developers wallet.

External DCNT tokens can be purchased either on the exchange or in the Cryptonomics Capital fund. The project emphasizes that buying tokens in the fund is much more profitable. Token cost is set not by market demand, but by the fund. To motivate users to buy them faster, it is indicated that the monthly cost will be increasing by $500. In order to get a multiplier that will increase passive income in the form of accrued startup tokens, external tokens should be brought to the Decenturion platform, and the functionality that will allow them to be transferred from the platform is not yet available.

To get an access to the platform, user has to become a citizen of Decenturion. On August 28, 2018, the cost of citizenship is $1500. To obtain citizenship, user must permanently reserve a DCNT passport token, which is internal. That is, the user pays $1500 and receives a reserved token in his personal account, not in his wallet in the blockchain.

Decenturion is positioned as a decentralized state, and if you look at the distribution of tokens in the etherscan, you can see that almost 98% of DCNT tokens are stored in one wallet, with a current cost of 1 token of about $1,000 (from September 1, 2018, the cost will be $15,000). In this case, developers have unlimited possibilities for manipulating the rate.

All of the above contributes to the formation of the reputation of the financial pyramid.

It is unclear at what point the team representatives can decide to quit the game. Now the project is gaining users popularity and is interested in attracting new citizens and, accordingly, funds. Perhaps at some point startup tokens will be really credited to user wallets, which can increase the trust of users, attract new citizens and, consequently, new funds, as it is known from the documentation "the cost of tokens can exceptionally grow." In general, the situation is as follows: the project attracts funds, promises passive income and decentralization, and in return receives funds and "draws" the figures on the users' balances in the personal account. There are no guarantees, as has been said already many times.

Due to frequent changes in the economic model of the project, problems with access to the personal account and with the display of the balance of tokens, a wave of discontent is observed in Decenturion chats, while many users still believe in the integrity of the project. During the analysis, Decenturion citizens were surveyed, and some users openly stated that Decenturion is a financial pyramid, and they are waiting for the moment when they leave the project, fixing the maximum profit from the sale of tokens to those users who believe in the future of Decenturion decentralized state.

In addition to attracting funds only from the sale of DCNT tokens, other equally interesting proposals appear. For example, on August 24, 2018, an entry was made on the possibility of purchasing the status of Decenturion Honorary Citizen. The status includes the possibility of free participation in most events, the accrual of 10 DCNT Liquid, obtaining *10 multiplier, etc. The cost of the status is up to $15'000 until September 1 inclusive, after September 1 - $20'000.

However, it is worth considering that the project is very young, which affects the level of development of the functional. It is worthwhile to see whether the project will develop, elaborate truly decentralized services and ensure the transparency of the built-in mechanisms.

Decenturion is a project that attracts users with statements about building a decentralized state in which all citizens will receive high income and will participate in the development of the state.

At this stage, Decenturion looks more like a financial pyramid: the project receives a steady income from new users who need to acquire citizenship to access the platform and acquire DCNT tokens to increase their profitability. The cost of tokens and citizenship is constantly growing, with no guarantees for the user.

The user's citizenship, which is expressed on the platform in the reserved passport token, does not have a clear "mapping" in the blockchain, so it is uncertain how the project intends to ensure the transparency and decentralization of future opportunities, for example, voting.

The project lacks a clear plan of work, information about the team. For a short time of the existence of the project, the economic model has changed many times, therefore there can not be any confidence in the implementation of any statements of the project representatives. All of the above allows to conclude that there are high risks of fraud from the project. However, the project is at the beginning stage of implementation, so it is worthwhile to follow the progress of the development.

References

Official website: https://decenturion.com/

Twitter: https://twitter.com/DECENTURIONOF

Telegram (ENG): https://t.me/decenturion

Telegram (RU): https://t.me/decenturioncitizen

Medium: https://medium.com/@decenturion

Facebook: https://www.facebook.com/decenturionapp/