Darico ICO Review 2018

/Darico ICO Review 2018

Darico ICO Review 2018 2018-07-03T08:42:54+00:00
Darico ICO Review 2018

Darico is an ecosystem that simplifies access to crypto investments. Darico concept is to consolidate Bitcoin with gold to make a new asset that incorporates the best of the physical and computerized universes, and can counterbalance each of their shortcomings. DRC is an asset-backed digital currency that provides users with simplified access to cryptocurrency portfolios. Darico equips (DRC) holders a set of tools for accessing trustworthy information sources. By solving disadvantages inherent in the traditional economic model, Darico Coin will gain acceptance, value, and liquidity becoming a coveted instrument for portfolio diversification.

Important Facts

  • Darico coin is backed by 35% solid gold in custody vaults, 55% BTC, and 10% ETH (two of the most valuable digital assets).
  • A self-mined coin; its genesis blocks will produce daily coins for the next 18 years capped up to a cap of 240 million. Possible transference of genealogy accounts rights and ownership.
  • An extremely accessible, liquid, user-friendly, and revenue generating Darico Exchange.

Social Media:

The ICO Team

Mojtaba Asadian

CEO/Founder- An enigmatic entrepreneur, author, and inventor. Highly experienced in Wealth Management and International Investments. Former CEO and founder of Central Perk LLC, Blackhawk Capital Ltd, and Alpha and Beta Group

Solanje Basseterre

Project Manager- An avid proponent of virtual teams and freelancing. Solanje is competent in Project and Business Management. Since 2009, she has successfully managed over 500 employees in 150 project

Ihor Pidruchny

Blockchain Architect- Ihor is a Blockchain, Smart Contracts, and Logistics expert. Previously, worked at VARcrypt and Applicature on ICO support, blockchain and cryptocurrency development. Active in Darico Ecosystem’s project

Market Research

  • At the end of 2017, an estimated 8 million to 11.5 million individuals had digital wallets.
  • In January 2018, 1400 cryptocurrencies were in circulation globally.
  • Cryptocurrencies create challenges of liquidity, security, and information access.
  • As blockchain technology evolves, so does its risks. Darico’s goal is to provide investors the needed peace of mind.

MVP

  • Darico’s Ecosystem comprising of features highlighted in the Business Model section is the ICO’s MVP.
  • Darico’s platform will be ready by Q2 2018.

Business Model

  • Darico aims to become the crypto world’s version of Bloomberg or Reuters by providing relevant, timely, and accurate information to investors.
  • The Darico Terminal app will power Darico’s Ecosystem.
    • This app will deliver critical investment, information, news, and analysis to the investor.
  • Other products include Darico Wallet, debit card, index fund, liquidity pool, and Darico’s Exchange.

Potential/Use Cases

  • Darico builds investor confidence by reducing the fear of the unknown. With crypto being in its infancy, investors are worried about volatility, illiquidity, and correlation.
  • Increase investors’ confidence in the trustworthiness and viability of Darico’s vision.
  • Darico tries to comprehend the common criticism crypto coins get for lacking an intrinsic value by backing up the token with gold.
  • DRC tokens are compatible with blockchain technology.

Partnerships

  • Darico team has two advisors on its project committee.
  • 1/3 of tokens distributed to early investors.
  • At this stage, we could not identify Darico’s backers or early investors.

Capitalization Potential

  • As the cryptocurrencies market gets more attention and value, a token like DRC, who enhance interaction of investors, has a lot of potential.

Scamcheck

  • Darico’s team has legit LinkedIn profiles.
  • Amount contributed during ICO determines coins supply.
  • Coin auto-mining mapped to DRX token addresses, calculated according to the time elapsed after last claim event.
  • After the ICO, DRC coins will be generated on a daily basis for the next 18 years.

Tokensale

  • Start Date January 30, 2018
  • End Date July 30, 2018
  • Token Price 1 DRC = 10 USD as indicated on whitepaper

Token Sale Limitations

  • Min. transaction- 10 ETH
  • Funding cap 60,000,000 DRC
  • Presale Bounty n/a, closed with end of presale
  • Signature 25% 3,000 tokens
  • Blogging/YouTube 25% 3,000 tokens
  • Twitter 15% 1,800 tokens
  • Facebook 15% 1,800 tokens
  • Translation bounty 15% 1,800 tokens
  • Telegram bounty  5% 600 tokens
  • Accepted currency BTC, ETH

Coin Supply/Purpose

  • Total coin supply = 24,000,000 (growing daily for 18 years).
  • You can user Darico’s Wallet or any standard Ethereum based wallet to store DRC coins.
  • Transferring DRC’s requires a Smart Contract and the invocation of a Claim Method.
  • Coin conversion entails the use of the Darico’s debit card through its platform.
  • Tokens mined automatically from Genesis (DRX) accounts.
  • DRX account holders have token auto-mining rights. Also, owners can sell and buy Darico coins at floating exchange rates.
  • 90% of funds generated finds used to purchase assets for backing the DRC (Ether, Bitcoin, and gold).
  • ICO sale limited to 60,000,000.

Compatible Wallets & Exchanges

  • Darico Wallet: secure, 2FA ERC20 compatible BTC wallet. Supports direct DRC purchases. Integrates with existing BTC and ETH wallets.
  • DRC will be listed on an exchange later 2018.

Trading Rumors

  • As we mentioned earlier, people like the idea of backing up a cryptocurrency with a physical asset like Darico did.
  • With more and more newbies getting in the Crypto market, a platform that improves interaction and trust in this industry is always a good idea.

FAQ

What makes Darico unique?

Darico coin is a gold-backed cryptocurrency asset. As such, its value is guaranteed by tangible assets that help ensure faster liquidity, less volatility, and imbues confidence in the investor community.

What can you tell us about your team’s ability to complement the development of Darico’s platform?

Darico’s team includes some highly talented blockchain developers, consultant, and architect with excellent background and first-rate experience. At Darico, we are confident in the power of blockchain technology, and asset-backed digital assets.

Apart from Darico Exchange, which other exchanges will the coin trade?

Darico managed to onboard several other exchanges and they are still negotiating some others, but regrettably, it is not possible to disclose these details until after the token sale.

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