DARICO, A Cryptocurrency to Address Volatility, Illiquidity and Correlation Issues Plaguing the Cryptocurrency Market

Place/Date: Zug, Switzerland - September 22nd, 2017 at 7:50 am UTC · 3 min read
Contact: Solange Basseterre, Source: Darico

Darico is an exciting new concept quickly coming to life. The Switzerland based project is working towards becoming the first digital currency to combine the benefits of bitcoin’s growth potential, security and peace of mind offered by gold into a single cryptocurrency. The team, currently in the process of creating an entire “Investment ecosystem” is soon going to launch the crowdsale, offering an opportunity for people to become part of the new financial revolution.

The cryptocurrency Darico stands for “Decentralized, Asset-backed, Return-focused, Investment-grade Coin”. The cryptocurrency is backed by a unique combination of assets to potentially eliminate the volatility, otherwise associated with individual digital currencies like Bitcoin and others. By doing so, the virtual currency not only ensures the best interests of the coin holders, but also attracts more people to adopt Darico, and in turn digital currencies.

The multi-asset backed Darico is backed by a combination of Gold and Bitcoin, alongside Ether which further diversifies the reserves. Bitcoin and Gold reserves make up to 55% and 35% respectively. Bitcoin’s assure growth in value over time is combined with the rock-solid price stability exhibited by gold. A small percentage of Ether reserves ensures that Darico is future-proofed, thanks to the growth potential of Ethereum protocol as it gains wide-spread adoption in the decentralized blockchain solutions segment.

The Founder & CEO of Darico, Mojtaba Asadian said,

“Investors are more sophisticated now. They’re increasingly looking to alternative ways to diversify their portfolios with an aim to generate strong returns while reducing volatility, being backed by physical and digital assets (or bitcoin and gold), darico can address their need.”

The Darico project has received significant attention from the cryptocurrency community since the team started working on it a few months ago. The less than a year project will soon hold a crowdsale, scheduled for Q4 2017. Exact dates for the token sale will be announced soon.

The funds raised during the crowdsale will be utilized to procure assets necessary for building the reserves. The platform has set the maximum cap at 60 million coins for the crowdsale, which can be bought against BTC or ETH payments. Any unsold tokens following the crowdsale will be burnt to conserve the cryptocurrency’s value. Furthermore, an additional 180 million coins (240 million in total) will be distributed in the next 18 years through auto-mining.

The participants in the upcoming crowdsale will be entitled to the Darico Investors’ Genesis Account, allowing them to benefit from the darico coins mined by them. Those interested in participating in the crowdsale can find more information on the Darico website.

Learn more about Darico at – http://darico.io
Find Darico whitepaper at – http://darico.io/Darico-Whitepaper.pdf
Follow Darico on Twitter at – https://twitter.com/daricocoin
Find Darico on Facebook at – https://www.facebook.com/Darico-1903067243290098/

Disclaimer: Darico is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.