DARICO
What is Darico?
Darico is a
solution for easier crypto trading, with a variety of crypto products
that will make trading easier than ever. With Darico coins, you will be
part of a unique ecosystem that gives you the edge of investment.
The security, traceability and non-governmental nature of
cryptocurrencies mean they have an enormous amount to offer both as
mainstream stores of value and methods of transaction. However, until
the issues of accessibility and stability are successfully addressed,
cryptocurrencies will find it hard to reach a wide audience.
Darico merges the incredible potential presented by the world’s two
largest cryptocurrencies - Bitcoin and Ether — with the most widely
understood, historically-tested, safe haven asset — gold.
By doing so, Darico offers an easy path to cryptocurrency investment
that enables holders to benefit from the potential growth in value of
Bitcoin and Ether, while having the comfort of knowing that their crypto
assets are backed by the safety of gold.
A combination of gold, Bitcoin and Ether make up the foundations upon which Darico stands.
Funds raised in Darico’s ICO will be used to buy the assets that
underpin its value. These enable long-term investors to hold their coins
with confidence knowing that fluctuations caused by short-term daily
trading will always be set against the real value of the assets that
back them.
Considering the longer term purpose of Darico’s basket, these assets
were proportionally selected based on the ‘Strategic Asset Allocation’
strategy to reduce risk related to cryptocurrencies, while being
reasonably exposed to their potential growth.
Ultimately, it is gold that holds the key to a more stable and safer
cryptocurrency. Its value has been tested over centuries and although it
is impossible to know exactly how Bitcoin and Ether will fare in the
future, we can be sure that gold will always be in demand and seen as
the ultimate safe haven store of value. Also, gold has a historic
correlation of zero with crypto currencies.
As well as being a coin designed to provide a more stable investment
outlook, the Darico wallet will enable easy access to holdings and will
provide a route to exchange that ensures higher levels of liquidity than
are currently available in the crypto environment.
The development team is working on the design of client software that
will include the native wallet and in the meantime, Darico coins will be
held in ERC20 wallets.
The total Darico coin circulation will be limited to 240 million. Less
than a third of this (32.5% or 78 million darico coins) will be issued
to early investors during the ICO, with 25% or 60M coins being made
publicly available and 7.5% or 18M coins being reserved for ongoing
costs, team, advisors and founders. The funds raised at the ICO stage
will go directly into purchasing the assets that will back the coin.
The remaining coins will be mined in a process that halves every four
years similarly to bitcoin. It will take 18 years for all 240 million
darico coins to be mined. The daily emission of new coins will be shared
among DRX genesis account holders and will be emitted according to the
number of accounts they hold. The right to receive the newly emitted
coins will be transferable, along with the original investor coins.
At its base, Darico will use Ethereum’s Proof of Work (PoW) mechanism.
In the future, this may change, since the Ethereum community is
contemplating switching over to proof of stake (PoS) by the end of 2017.
In either case, this will not alter the long-term strategy and
execution of Darico.
In addition to Ethereum’s PoW protocol, Darico will leverage the smart
contract application to implement its own emission protocol. We’ve
called this “delegated proof of ownership” (dPOO).
This protocol will permit Darico Investor’s Genesis Accounts (DRX) to
emit new coins at a certain rate. The genesis account is in fact a smart
contract executing on the Ethereum virtual machine (EVM).
Name: DARICO COIN
Symbol: DRC
Token Price: 1 ETH = 110 DRC
Support Token: ERC20
Total Suplay: 60,000,000 DRC
Author : Hokky darmawan
Bitcointalk Profile :
https://bitcointalk.org/index.php?action=profile;u=1840810
ETH: 0xb616c8392f2d4741765A3e1BE8D9728Be884797a
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