On January 21st, Darico they announced an expansion of their business model.
Darico is aiming to offer a complete tokenization solution of real world assets through partnering with specific parties that meet Darico’s standards. These businesses operate in various fields, such as infrastructure, real estate, finance and hospitality.
As Darico is working hard on establishing partnership with progressive business leaders, companies and governments, the Darico community can help propel this endeavor by staking their DEC in the so called Partner Staking Funds.
All partners that sign a deal with Darico will stake a certain amount of DEC for a predefined period, ranging from 50,000 for financial businesses to 10+ million DEC for governmental of infrastructural projects.
To provide these amounts of DEC, Darico set up two major funds, the Partners Staking Fund 2019 and the Partners Staking Fund 2020. Participants are invited to stake their DEC into one or both funds, which will then be used to resell to Darico's signed partners. In return, the participants will receive a certain payment based on the chosen fund and the amount of DEC staked.
The exact terms are as follows:
- Participants will stake their DEC into the fund.
- DEC will be staked until the maturity of each fund (i.e December 31st 2019 for Partners Staking Fund 2019)
- Upon signing the deal with a potential partner and base on payment terms agreed, participants that contributed in the staking funds will be paid back in ETH.
- The payment structure will be based on a FIFO method (First in First out) meaning that the first token holder that staked DEC in the fund, at the time of signing the deal and concluding a payment milestone, will be the first to be paid back.
- DEC price for Partners Staking Fund 2019 is set at a minimum of $0.75 or average closing price of the last 45 days in CMC, whichever is higher.
- DEC price for Partners Staking Fund 2020 is set at a minimum of $5 or average closing price of the last 45 days in CMC, whichever is higher.
- The minimum amount of DEC to be staked from token holders is 1000 DEC.
In case there are unsold tokens at maturity of 2019 fund, participants can opt to withdraw their DEC back plus 1.5% interest in DEC per each month that the tokens were staked in the fund or, to transfer it to Partners Staking Fund 2020.
Participants have the choice to deposit any amount of DEC (minimum 1,000 DEC) in whichever fund they want. If you're looking to participate, you can fill this form and complete the transfer to the addresses mentioned in the form.
To earn DEC for free by completing various social media tasks, join the Darico Reward Program here.