Following the release of Bitcoin, and the subsequent discovery of the potential of its underlying technology, blockchain, there have been many attempts to mimic the initial success of the first cryptocurrency. Despite the rapidly growing price and the mysterious origin of the inventor Sakamoto fueling the flame of the public's excitement, BTC failed to become the universal currency it has been envisioned as.
The technology evolved further, enhancing some aspects and discarding others, biding its time. As soon as the Ethereum platform was launched, many developers from all over the world decided to take a shot at revolutionizing their respective industries, aiming to bring blockchain to the masses. Some found a measure of success, but nobody had truly convinced the public that the crypto industry can be convenient, efficient and lucrative.
The hype has spawned a multitude of cryptocurrencies, numbering at least fourteen hundred actively traded coins at the time of writing of this article. In turn, hundreds of wallets and exchanges arose, in order to satisfy the demand. This kind of environment does not welcome new users, and even experienced users often find it tricky to navigate. Only the most dedicated and knowledgeable enthusiasts are able to truly thrive. Clearly, a meaningful change is long overdue.
In 2016, a team of brilliant business experts and software developers was assembled. They realized that they have the skills and knowledge among them, to build a solution suited for every type of user. That is how Darico had been born. Headed by their CEO, Mojtaba Asadian, the Darico team took the needed time to perfect the concept, flesh out the ideas and pick their course. Now they have launched an Initial Coin Offering to make their dream a reality.
Within the Darico ecosystem are all the tools needed for a weathered crypto investor to be competitive, and yet it is straightforward and easy to use, so that newcomers could benefit as well. The services provided by the Darico ecosystem include: Darico Wallet, Darico Terminal, Darico Exchange, Darico Debit Card, Darico Index Fund and Darico Liquidity Pool. More functionality will be implemented over time, as the community grows along with the platform and guides the development according to its needs.
Initially, Darico will be powered by an ERC20 Ethereum based token, called Darico Ecosystem Token (DEC), but for the beginning of 2019, a shift to Darico's own blockchain is planned. A blockchain developed in-house will boost the speed of transactions and drive the costs even further down.
Each part of Darico is crafted to synergize with one another and ensure a smooth experience. Let's inspect each feature a little closer:
Darico Wallet will serve as a medium to store, send and receive DEC. Other cryptocurrencies are supported as well, with the additional benefit of being able to exchange between fiat and crypto. The wallet's security is of utmost importance to Darico, so the best available safekeeping measures are included, starting with two factor authentication and all the way to hardware wallet options. Detailed statistics and analytics of each cryptocurrency held and the portfolio as a whole can also be viewed and the major points can be grasped at a glance, all thanks to a friendly interface and efficient imaging.
Darico Terminal is a repository of all the knowledge gathered on the platform. DEC token holders will receive access to this exclusive source by paying a regular DEC fee. The opportunity to enhance your trading and investment is immense, as all the latest market research, ICO analytics and projections will converge on Darico on the terminal. A great deal of customization is available, such as the ability to monitor third party sources, set up watch lists and alerts, etc.
Darico Debit Card is perhaps the deal breaker for most newcomers to the cryptoworld, as it will finally allow for effortless cryptocurrency payments for fiat priced goods in day-to-day scenarios. It works thanks to the speed of Darico Exchange, that is uniquely suited for exchanging DEC or any other cryptocurrency to fiat.
Darico Exchange will be a centralized exchange with all major crypto and fiat currencies available for sale and purchase, while DEC will serve as a mediator. This role of DEC in the exchange practically guarantees that the token remains in demand, therefore liquid. The validity and reliability of the exchange is ensured by the fact that Darico is registered in Gibraltar, where the government has stable and comprehensive laws regarding cryptocurrency exchanges. A lion's share of Darico Ecosystem's revenue will come from the trading fees and commissions of this exchange, and the members of Darico ecosystem will receive a discount.
Darico Index Fund is a convenient way to invest in the top available cryptocurrencies. The portfolio recommended by the Darico Index Fund will be constantly updated and tweaked, according to the outside changes and available information.
Finally, the last and most important measure for keeping the volatility of DEC in check is the Liquidity Pool. Funds raised by the ICO will be split between the development and purchasing Bitcoin, Ethereum and Gold reserves, not to be spent until 2019. This liquidity pool will be a foundation upon which Darico develops, attracts users, introduces additional decentralized applications and finally moves to a brand-new blockchain.
For even more details about Darico's vision and technical back-end, please follow the link to their whitepaper under the article. Darico Ecosystem official website, social media and bounty thread can also be found below. The amount of DEC tokens is numbered, so you will need to hurry if you want to participate in the tokensale.
It is time that the world turned the page on traditional payment methods and stepped into the doorway of opportunity that is blockchain. Transparent, low-cost, fast and secure transactions no longer seem like fiction, and with projects like Darico they will become a very near future. Great idea, solid planning and immaculate execution is what Darico team is all about, and they have been rewarded for their hard work with great acceptance from the crypto community. Will you join the Darico Ecosystem?
What do you think about Darico? Is there another project that is as far along in reaching its goals in adoption of cryptocurrency? Tell me in the comment section below.
Author's bitcointalk: OceanWind33
Author's ETH address: 0x636798AF21d84805c4fd3876d0Af967ed569E296
Clearly one of the best projects out there, it will become bigger with time, believe me
Investment is such a hassle, wish this project success, so we can all benefit, I had to take a break from crypto due to this timewaste
thank you, very cool review
Building a project like this from scratch is hard, but it was worth it for Darico
gonna watch out for this, darico has got all the qualities I like in ICOs