On this episode of the Crypto Coin Show, I’ll overview the Darico platform, an online ecosystem where crypto investors can access a wide range of applications and services providing them with security, liquidity and information and trading tools to make better decisions in the markets.
I’m Ashton Addison from EventChain.io and this is the crypto coin show.
Where I decrypt the facts to keep you on track in the crypto world.
The Darico ICO is aiming at building a multitude of cryptocurrency tools to help traders, investors, holders, and speculators up their game. The team’s vision is to become the crypto world’s version of Bloomberg or Reuters, providing accurate information that investors need at the right time and place to make better decision, but also incorporating its own exchange and wallet to increase liquiduity and keep you closer in tune with the markets.
The Darico platform consists of many tools, and the development begins with launching the DRC token and the Darico Wallet on the Darico Terminal, and then they will expand into a debit card, index fund, liquidity pool and an exchange, guided in priority by the needs of the community.
The Darico Terminal is an application that will deliver investment news, market news and relevant information and analysis to traders and knowledge seekers. Around the terminal is a range of products and services that increase the Darico experience and bring more tools to make the most of crypto. The terminal is available to all DRC token holders with paid subscriptions to access premier access news, recommendations and charts about cryptocurrencies and ICO Analysis from Darico’s analysts. These Analysts will pick and choose cryptocurrencies to spotlight and weigh them against market conditions and the latest market movements according to their forecasts.
The Terminal will also eventually include an integrated exchange to act as an accessible path to crypto markets and to add liquidity and demand for DRC tokens on the market. The Darico wallet will include 2FA security and the ability to store Bitcoin Ether, erc20 tokens and direct DRC token purchases enabled and will be easily integrated into the exchange for easier trading.
The Darico liquidity pool solves one of the problems of volatility that has characterized throughout the development of cryptocurrency. The pool holds a combination of Bitcoin, ether and gold and will be used to protect DRC pump and dump activities as well as provide the ecosystem with resources needed to invest in future developments and projects .
DRC tokens are used as a gateway for entering the Darico system, and can be mined from using DRX after the ICO. The mining protocol behind Daricos is using the a mechanism called dPOO or delegated proof of ownerships which is based on Proof of Stake and doersnt use computing power to generate DRC. These tokens are mined using DRX, where each DRX will generate 2,000 DRC for the next 18 years. More information on this is available in the whitepaper.
The Darico Team includes the CEO Mojtaba Asadia, a serial entrepreneur, author, and investor who brings experience in international investment and wealth management. Liwaa Chehayeb is the business development manager who’s also a financial analyst and crypto trader, building relationships and expanding Darico’s business development efforts. The Advisory board includes Luke Szkudlarek who has over 10 years of experience in the digital sector and a proven track record for delivering marketing strategies. As well they have David Drake who is the founder and Chairman at LDJ Capital, a worldwide fund dealing with over $1.5 trillion in assets and he runs a 200 million dollar Cayman fund focused on cryptocurrency mining and ICO acquisitions, among other advisors on the team.
Darico is doing an ICO of their DRC tokens for the platform, so lets’ break down the details. Out of a total of 240 million tokens, with 25% available in the ICO. There will be 7.5% of the tokens allocated to the project budget, then the remaining 67.5% of the DRC tokens will be mined over a period of 18 years where the mining reward is halved every four years, with the daily emission of coins being shared among DRX genesis accounts,. The price per DRC is about 1 dollar American. If you want to learn more on the Darico ICO project and detail, check out their website and www.darico.io.
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I’m Ashton Addison and Thanks for watching. Remember to like, share, and subscribe to Crypto Coin Show to see my next video when I Decrypt the facts, to keep you on track in the crypto world.