Darico is a project that builds trading applications as well as quick and effective market information updates, as well as the gold standard token, bitcoin and ethereum.
Darico is a project that connects traditional investors to the blockchain world, providing a powerful source of information and tools to help e-money investors make safer and more accurate decisions. Fundamentally, Darico develops many functions related to investment decisions on one platform, including market information channels, trading platforms, electronic wallets, liquidity pools, debit cards, index funds. Darico's application allows users to design their own interface, and they can choose what they want to see on the screen whenever they log into Darico, such as daily technical analysis, price.
Basic information:
Twitter: https://twitter.com/daricocoin
Telegram: https://t.me/darico_ico
Facebook: https://www.facebook.com/DaricoCoin/
Through the ICO, Darico releases two major tokens, Darico (DEC) and Darico Genesis Account (DRX). For each investment equivalent to 1,000 DEC, investors will receive 1 DRX. DEC is used as a ticket to the Darico platform, which has the right to use certain functions such as debit card payments, trading, and market news updates. DRX owners will enjoy an auto-mining mechanism, meaning that a certain amount of DEC will be automatically dug and delivered straight to the DRX owner's account every day for 18 years (until reaching total supply 240 million tokens). Darico wanted to attract investors to buy a lot of tokens at the beginning, but besides, this mechanism also hides a lot of risk, for example when an investor owns most of the DRX in the community, Obviously this person will own a large amount of DEC in the future and the price movement control is entirely within reach. Meanwhile, DEC is used in daily transactions such as buying groceries, shopping (through debit cards), such large price fluctuations greatly affect the user.
Darico estimates that 90% of the funds raised from the ICO will buy large amounts of gold (35%), Bitcoin (55%) and Ethereum (10%). Darico's prospectus confirms that the value of DEC will be stable thanks to gold reserves and the growth potential of electronic money (BTC, ETH). This benefit of Darico is not as remarkable as they say, because investors can own the gold, as well as the two famous coins, instead of buying Darico tokens. In addition, the way this project gold, BTC and ETH are not explained clearly, making investors have no accurate view of the purpose of the team.
Platform development projects that include transactional, investment and e-wallet functions similar to Darico can be said to be marketable, including DeHedge, Coinvest, Pecunio, TenX, etc These products have a certain voice in the industry, it is difficult for Darico to compete in such a saturated market.