DARICO - Monitor. Trade. Invest. Spend
Hello to all readers of my blog. Today I would like to present to your attention an overview of another very promising campaign. Go.
What is Darico?
Darico, found online at Darico.io, describes itself as "your easy-access gateway to safer cryptocurrency investment." The company aims to make it easy for ordinary investors to access the enormous potential of cryptocurrencies. You buy a token, then gain exposure to three different assets (gold, bitcoin, and ethereum) simultaneously.
The pre-ICO for Darico tokens is taking place throughout December. You can purchase tokens during this sale to solidify your position as a genesis node, in which case you get to emit Darico tokens over an 18 year period.
Darico has created a set of professional and easy-to-use investment tools that allow people to control, trade, invest and spend cryptocurrencies with confidence.
We are redefining how users interact with crypto. The Darico Ecosystem offers crypto enthusiasts the tools they need to invest and spend their cryptocurrencies with confidence. The services available exclusively to Darico Coin holders include a wallet, terminal, debit card, index fund, liquidity and exchange group.
Who's Behind Darico?
Darico was founded in 2016 in Zug, Switzerland by a man named Mojtaba Asadian (listed as founder and CEO of the company). Asadian is described as a serial entrepreneur, author, and accomplished investor.
He graduated from the University of Wollongong in Dubai. Prior to founding Darico, Asadian was the founder and managing director of Blackhawk Capital Ltd., a London-based capital fund, and the founder and CEO of Alpha & Beta Group, a Dubai-based global consulting firm.
How Does Darico Work?
All Darico Coins are purportedly backed with 35% solid gold held in custodial vaults. The remaining percentage of the coin is backed by 55% bitcoin and 10% either. The end result is that you enjoy the high growth potential of cryptocurrencies like Bitcoin and Ethereum while also getting the stability of gold.
Like other gold-backed digital tokens, Darico advertises gold as a safe haven. It's been treasured for centuries, and it continues to have value to this day. By basing the value of its token on gold and cryptocurrencies, Darico gives investors the best of both worlds. 90% of funds raised during the Darico ICO will go towards buying the bitcoin, Ethereum, and gold that back each Darico coin.
Furthermore, Darico will have the genesis accounts that emit new coins on a daily basis for 18 years to reach a total supply of 240 million (scheduled to occur over 18 years, or by 2036). All Darico genesis account holders will share their emissions based on their current holdings. The ownership of genesis accounts is transferable.
The Darico Ecosystem
By providing access to cryptocurrencies, simpler and simpler investments and payments, and exclusive information services, the Darico Ecosystem gives DEC holders a privileged place in the crypto community.
WALLET - GNIUS
Securely store, send and receive cryptographic tokens, integrate your existing cryptographic wallet to track your investments and even track currencies by adding them to your watch list. Perfectly integrated with the Terminal, the wallet becomes your first point of contact with the world of cryptography.
DEBIT CARD - DEPAY
Carry your crypto with you all the time. The Darico debit card allows instant access to your encryption funds whenever and wherever you need it. With the ability to spend or withdraw your cryptography for daily fiduciary transactions, the debit card allows you to integrate crypto into your daily life.
INDEX FUND - CHAWK
A diversified portfolio of highly liquid cryptocurrencies that will be monitored, analyzed and rebalanced weekly. The Index fund will offer balanced portfolios at three different risk / reward levels.
TERMINAL - NEWS
The Darico Terminal is an easy-to-use gateway to access the Darico wallet, the Exchange Fund and the Index. The Terminal also improves decision making by providing users timely and relevant news, business information, index information and more, bringing together a community of cryptography enthusiasts.
LIQUIDITY POOL
The Darico liquidity pool is composed of BTC, ETH and Gold, and will be used mainly to improve the liquidity, stability and development of Darico Coin and Ecosystem in the long term. Along with a key role in the development of Darico Blockchain.
CHANGE - DAREX
Easily accessible through the Darico Terminal, Darico Exchange will offer all cryptography enthusiasts the possibility to trade, deposit and withdraw high-ranking cryptocurrencies. The exchange will also help improve the encryption experience by allowing cross-exchange between encrypted currencies and fiat currencies.
Why buy the Darico Ecosystem Currency?
Be part of a unique ecosystem
The tools that make up the Darico Ecosystem are designed to give DEC holders an advantage as investors in cryptography. The commerce of cryptography, investment and payment, with a wide range of cryptographic products, offers an improved and simple experience in which the user can be fully informed and in charge of his own portfolio at all times.
Learning from trusted cryptographic sources
With the overwhelming amount of encrypted information, it can be difficult to know who to trust. Darico gives you the tools to access reliable sources of information, when and where you need it.
Making informed decisions
Darico aims to empower people by providing access to professional and easy-to-use investment tools, so they can make informed investment decisions.
Darico Ecosystem
Currency The Darico Ecosystem Currency is your ticket in the Darico ecosystem. It gives you exclusive access to the tools you need to profitably invest in cryptocurrencies.
How to buy Darico coin (DRC)?
To buy Darico during ICO you need Ethereum (ETH) or Bitcoin (BTC) first. If you do not have BTC/ETH yet, you need to buy it from an exchange that receives a fiat currency. Some exchanges receiving fiat include:
From here follow the instructions provided by Darico on how to send BTC / ETH. The DRC token will then exchange directly to the same wallet with your funds.
Auto-mining schedule
DRC is automatically mined by the DRX Smart Contract which manages and calculates how many new DRC tokens are automatically upgraded, based on the current timestamp and their respective mining rates. Initial DRC supplies are based on contributions during ICO.Further DRC is automatically mined to the DRX token address. The amount of DRC received by DRX is calculated in accordance with the elapsed time since the previous claim event succeeded.
Mining Schedule is regulated in EmissionTokens list from Dinco Logged Reserves Logged GenesisToken.sol. The emission list will be populated with TokenEmission with parameters that indicate:
Genesis Accounts (DRX) emits Darico from time to time in a process called Auto Mining. This bonus money will be available to claim directly from the app, which means you will generate an additional Darico just by having that account. For every 1000 DRC purchased, you will receive 1 DRX.
The Darico ICO
During the ICO, approximately one third of the total supply of Darico tokens will be issued to early investors. That's a total of 32.5% of the 240 million total supply (78 million Darico coins). 25% of the 240 million will be made available to the public, and 7.5% (18 million) are reserved for ongoing costs, the team, advisors, and founders.
90% of funds raised during the token sale will go into buying the assets for the fund (the Ethereum, bitcoin, and gold). The remaining 162 million tokens (67.5%) will be mined by genesis accounts over the next 18 years. The pre-ICO for Darico tokens continues until the end of December 2017. The exchange rate is set at 1 ETH = 110 DRC during the pre-ICO.
A specific date for the ICO has not yet been set. However, it will take place sometime during Q1 2018.
Darico Conclusion
Darico is a unique cryptocurrency investment. The company claims to be putting 90% of funds raised during the ICO to three assets, including gold, bitcoin, and Ethereum. 35% of the funds will be used to purchase gold, while the remainder will go towards bitcoin (55%) and Ethereum (10%). This is designed to expose investors to the high-growth potential of cryptocurrencies while also helping stabilize their investment with the time-honored stability of gold.
What's the advantage of purchasing Darico tokens from the company instead of just purchasing these assets yourself? I'm not totally sure. The Darico whitepaper mentions several features that may be implemented in the future - including smart contract-based mortgages.
They also heavily promote the idea of "genesis accounts", which are contracts built from Ethco and at a specific rate. Where does the money to buy new gold, bitcoin, and Ethereum come from? How much gold is linked to each Darico token? I'm not sure. However, the company claims it will issue a weekly proof of reserve to investors.
Ultimately, there are some questions that remain unanswered about the Darico project. However, you can learn more about Darico online and select it by yourself. The pre-ICO is underway throughout December 2017, with a major ICO taking place early in 2018.
Distribution of tokens
Public sale
taxpayers (60%) 72,000,000 DEC tokens will be available for public sale taxpayers
Team (15%)
18,000,000 DEC will be issued to support the Darico team.
Reserve (15%)
18,000,000 DEC will be held in reserve, which will be used to develop and expand the ecosystem if necessary.
Counseling, generosity, partners and others (10%)
DEC 12,000,000 will be used to support Darico's advisors, rewards program, partners and others whom Darico deems appropriate to issue tokens.
Distribution of funds
Development (32.5%)
We estimate that 32.5% of the funds generated by the ICO will be used for the development of the Darico ecosystem. This includes human, technical and security resources.
Legal and regulatory (5%)
We estimate that 5% of the funds generated by the ICO would be used for legal and regulatory purposes.
Marketing (12.5%)
We estimate that 12.5% of the funds generated by ICO will be used for continuous marketing support.
Liquidity group (50%)
We estimate that 50% of the funds generated from the ICO will remain in the Darico liquidity group.
Roadmap
Team
For more information
Author: Feryperrot
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1779284
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