According to experts, cryptocurrencies are the future. People have immense belief in cryptocurrencies. Though crypto checked many critical boxes, there are still a few that needs to be checked. Some of the burning problems with popular cryptocurrencies are volatility, illiquidity and high correlation. These dent the investment value of any instrument.
Darico will be the first investment grade cryptocurrency, as per the company’s claims. Darico stands for
D – Decentralized
A – Asset backed
R – Return focused
ICO – Investment grade coin
The other ICO we are concerned about is their crowdsale for DRC tokens which ends by 30th December 2017.
Darico is the secure and transparent, asset backed coin. It gives strength and stability to cryptocurrencies. It combines benefits of traditional and digital world reserves. The assets that back the Darico coins are – Gold, Bitcoin and Ether. They built the foundation for Darico coin to stand. The total supply of Darico will be 240 million coins. 1/3th of it will be up for sale in their ICO. The rest will be mined in next 18 years. The funds raised from ICO will be used to purchase assets that back Darico.
Darico would be
55% Bitcoin
35% Gold
10% Ether
Addition of gold and two popular cryptocurrencies helps asset owners to gain in digital currency style, except for the high risk factor.
How Darico promotes liquidity?
The coins are initially backed by gold. With a market cap of $7 trillion, it is one of the safest bullion. On top of that, you have two popular cryptocurrencies too. That ensure, the coins never go illiquid. Each transaction along with all essential confirmation will never take more than 15 seconds.
Auto mining:
Auto mining generates new coins on day to day basis for 18 years. The process will not stop until the total supply becomes 240 million coins. Genesis account holders get their share of coin emissions. This is why ownership of genesis account as well as right to mined coins is transferable.
Wallet
You are not required to be a computer savvy person to use Darico. The app wallet and debit card gives easy access to your Darico account. On and off the web, you can enjoy seamless transactions. The wallet facilitates different kinds of investments.
Security token or utility token?
Darico is a bit of both. It employs a variety of assets as backing agents. The value gets more solid and makes steady increments over time. Case uses will be implemented in the future. The token holders can use the tokens in various scenarios.
ICO details:
The crowdsale ends on 30th December 2017. Out of 3 million tokens reserved for pre ICO, 606,000 tokens are sold. Per ETH, you get a bonus of 110 DRC tokens along with your regular purchase. You can buy a minimum of 1000 DRC coins in the presale. It comes to approximately 9.1 ETH in contribution. You can purchase DRC tokens with Ethereum and Bitcoin. You can store these tokens in your Ethereum wallet. 60 million DRC tokes will be up for grabs.
Official Links:
Please find some very important links related to the project below and stay updated:
Website: http://darico.io/
Whitepaper: http://darico.io/Darico-Whitepaper.pdf
Twitter: https://twitter.com/daricocoin
Facebook: https://www.facebook.com/DaricoCoin/
Telegram: https://t.me/joinchat/FnQXt0xwkfTn_3V1KU98Jg
Kind Regards!