Darico

What is Darico Project?

Darico Ecosystem Coin is a utility token that’s been designed specifically to empower people by providing them with professional and user-friendly investment tools that enable holders to monitor, trade, invest and spend cryptocurrencies with confidence. Holders of Darico Coin will receive exclusive access to the entire Darico ecosystem, including the wallet, terminal, liquidity pool, Index Fund, debit card and exchange.

The Darico ecosystem gives DEC holders the tools they need to monitor, trade, invest and spend their cryptocurrencies with confidence. Darico users will gain access to its unique range of products that makes up its ecosystem; the Darico wallet, terminal, index fund, debit card and exchange; a unique set of crypto tools to allow users to operate successfully in the crypto market. In addition to that, the Liquidity Pool plays a critical role in providing sustainability for the Darico Ecosystem, and allowing continuous growth.

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 Ethereumwhile 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 genesis accounts that emit new coins on a daily basis for 18 years until they reach a total supply of 240 million (scheduled to occur over 18 years, or by 2036). All Darico genesis account holders will share emissions based on their current holdings. The ownership of genesis accounts is transferable.

You manage your Darico tokens through the Darico wallet. The company also claims to be working on an app. The entire platform is built on the Ethereum blockchain. All funds purchased by the company will be kept in reputable, cold storage, third-party vaults located in Switzerland.

This project will be backed with 35% of gold, which will be held in custodial vaults in Switzerland. The remaining percentage of DRC tokens will be purportedly backed with 10% of ether and 55% of Bitcoin.

The investors will enjoy the high growth potential of cryptocurrencies like Ethereum while also accessing the stability of gold. The Darico will provide the investors the benefits of both worlds by precisely basing the value of DRC tokens on cryptocurrencies and gold.

Until the tokens will reach a total supply value of 240 million, this digital currency will have a genesis accounts for emitting new tokens on a daily basis for next 18 years. Based on their current holdings, the holders of genesis account will timely shares emission of the DRC tokens. Moreover, the ownership of the genesis account will be transferable.

Darico's Solution
The Darico Ecosystem will enable crypto investors to thrive by providing them with access to trusted sources of information and to all of the tools they need to make informed investment decisions and to integrate cryptocurrencies into their everyday lives.

As the technology and services in the Ecosystem develop, so will the Darico community, whose views and opinions will be shared and responded to. By simultaneously building a toolset and a community, we’re creating a thriving Ecosystem which will develop according to the needs of its users.

Darico Ecosystem Coins will enable holders to access the wide range of services available within the Ecosystem. In turn, payment in DEC will encourage further adoption of the coins and the continuous development of the Ecosystem services.

Darico Wallet

A secure, 2FA multi-coin (ERC20, BTC and more) wallet suitable for all crypto investors will be the first Ecosystem product to be launched and will also include the integration of a Debit Card. The Darico Wallet will be available at www.darico.io/wallet from mid March 2018. It will be subscription based for DEC holders and there will be mobile and desktop versions of the Darico Wallet available.

Darico Terminal

A subscription-based hub for crypto investment information, news and analysis. Darico’s vision is to become the crypto world’s version of Bloomberg or Reuters, providing the accurate, trusted and timely information investors need to make informed investment decisions. The Terminal will be at the heart of the Darico Ecosystem with a desktop version available delivering market news, information and analysis straight to the user. This will be the second product to be launched.

Darico Debit Card

Bringing liquidity to cryptocurrency investment, the Debit Card will be linked with the Darico Wallet to enable the use of DEC and other cryptocurrencies for everyday transactions. We are in advanced discussions with payment solution providers and our aim is to issue debit cards that have as wide an international acceptance as possible.

Darico Exchange

A regulated cryptocurrency exchange to be set up in Gibraltar where it will apply for a licence to operate as a Distributed Ledger Technology (DLT) Provider. Gibraltar operates a robust regulatory regime that will ensure the Exchange is operated to the highest standards.

Darico Index Fund

This will be a fully regulated cryptocurrency fund for private investors that will hold a diversified portfolio of 10 highly liquid cryptocurrencies. Consideration is being given to several jurisdictions that offer investment fund regulation.

Darico Liquidity Pool

In order to ensure stability in valuation Darico will establish a “Liquidity Fund”. Up to 50% of the proceeds obtained from the sale of Darico Ecosystem Coins during the Public Sale Period will be used to purchase Gold, BTC and ETH for the fund. These assets will be held in the following proportions: 35% gold, 55% BTC and 10% ETH (the “Liquidity Pool”). The substantial reserves held in the Liquidity Pool will contribute greatly to increasing the sustainability of the Darico Ecosystem. The Liquidity fund will contribute to strengthening and growing the ecosystem through the progressive development of new applications that will add value to the users of the ecosystem. This pool will also allow for the development of Darico’s own Blockchain which will commence in in the first quarter of 2019.

Road Map:

The Team;

The Advisory:

For more information, click below:

Website: https://darico.io
Whitepaper: https://darico.io/en/Darico-Whitepaper.pdf
Twitter: https://twitter.com/darico
Facebook: https://www.facebook.com/Darico-1903067243290098/
Telegram group: https://t.me/joinchat/FnQXt0xwkfTn_3V1KU98Jg
Bitcointalk Ann thread: https://bitcointalk.org/index.php?topic=2852281

Author : Chinedum

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2010004