Yani Fitriyah: DARICO - The solution to crypto trading becomes easier

In investing it is imperative to know and fully understand the knowledge of cryptocurrency itself. In running a business required a trading and investment process. and need to study the space of cryptocurrency,

The Crypto Currency is a digital asset designed to work as a medium of exchange using cryptography to secure transactions and control the creation of additional currency units. Crypto currency is part of an alternate currency, or specifically from a digital currency. Darico is the ideal and easy access gateway for crypto investors, offering exclusive access to all Darico investment tools, including wallets, terminals, liquidity columns, exchanges, debit cards and index funds

What is Darico?

Darico has been built specifically to empower people by providing them with professional and user-friendly investment tools, that enables holders to monitor, trade, invest and spend cryptocurrencies with confidence.

Darico Coin holders will receive exclusive access to the entire Darico ecosystem, which includes the wallet, terminal, debit card, index fund, liquidity pool and exchange. We are providing crypto enthusiasts with the tools they need to invest and spend their crypto holdings with confidence; we’re redefining how users interact with crypto.

The Darico Ecosystem

The Darico ecosystem is uniquely designed to give DEC holders a privileged place in the crypto community, by gaining access to a range of products that will make crypto trading, investment and payment simpler and easier.

DEBIT CARD - DEPAY

Carry your crypto with you at all times. The Darico debit card allows instant access to your crypto funds whenever and wherever you need it. With the ability to spend or withdraw your crypto for everyday fiat transactions, the debit card enables you to integrate crypto into your daily life.

WALLET - GNIUS

Securely store, send, and receive crypto tokens, integrate your existing crypto wallet to keep track of your investments and even track coins by adding them to your watch list. Seamlessly integrated with the Terminal, the Wallet becomes your first point of contact with the crypto world.

INDEX FUND - CHAWK

A diversified portfolio of highly liquid cryptocurrencies that will be monitored, analysed and rebalanced on a weekly basis. The Darico index fund will help to ensure that the Darico portfolios remain liquid and profitable.

TERMINAL - NYUS

Bringing together a community of crypto enthusiasts, the Darico Terminal is the gateway to access the Darico wallet, Exchange and Index Fund. The Terminal provides users with news, trading, index information and more; crypto trading has never been easier.

LIQUIDITY POOL

Developed to benefit the entire Darico Ecosystem, the Darico liquidity pool is made up of BTC, ETH and Gold, and will be utilised to keep the Darico Coin and Ecosystem liquid.The liquidity pool is there to ensure the stability for DEC holders for the long term.

DRC & DRX TOKEN

DRC Tokens

DRC is a utility token used by holders to access the products and services available within the Darico Ecosystem.The value of the DRC token will be driven by its use and the number of people investing in it as well as the Liquidity Pool, which will hold both Bitcoin and Ether alongside gold, in order to provide a base value and safety net for DRC.The support provided by the Liquidity Pool will protect DRC from the effects of “pump and dump” schemes.

DRC circulation

The total Darico Coin circulation will be limited to 240 million with 25%, or 60 million, being made available during the ICO. The remaining coins will be mined over a period of 18 years in a process that halves every four years, similarly to bitcoin. 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.

Mining protocols

At its base, Darico will use Ethereum’s Proof of Work (PoW) mechanism although this may change following the decision by the Ethereum community to switch to Proof of Stake (PoS). Either way, there is no effect on 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).Darico’s key differentiator - auto-mining Genesis accounts for larger investors

DRX tokens

After the initial ICO, DRC distribution will operate via auto-mining.Special “Genesis”accounts (DRX tokens) will emit new coins on a daily basis for 18 years, ultimately reaching a cap of 240 million coins in circulation. One DRX will be provided to early purchasers of DRC for every 1,000 Darico Coins they buy. For example, a purchaser of 4,000 DRC will receive 4 DRX whereas someone who buys 3,999 DRC will receive 3 DRX.

DRX - a unique mining solution

Darico’s auto-mining mechanism is unique in its design and execution. Newly mined darico coins can be added to investors’ genesis account every 15 seconds. The investor’s right to mine new coins is transferable and Darico’s genesis accounts will calculate unclaimed mined coins and reward the investor before completing the transfer of ownership. Holders will have to claim any newly mined coins to add them to their standard wallets, or use Darico Wallets to see the mining happening in real time. Due to the cost of ‘gas’ in claiming new coins, it is recommended that investors retrieve their newly mined coins on a weekly or even monthly basis. The gas for mining transactions, as well as for the transfer of coins, will be paid in ETH every time new coins are received into wallets. All DRX holders will share ongoing emissions based on their current holdings and will enjoy access to the Darico Ecosystem that is designed to facilitate on-demand, affordable, secure, and low-key access to cryptocurrency investment. Once you hold DRX, you will be able to keep them over the long-term or, because they will be tradeable on exchanges, you will be able to buy and sell Darico coins and DRX at their floating value.

The ICO

During the main ICO, 25% (60 million Darico) will be released to the public and 7.5% of the coins will set aside to support the project. Coins that are not purchased by the end of the exercise will be destroyed. The remaining 162 million (67.5%) will be mined by genesis accounts over the following 18 years.