Darico, cryptocurrency, press release

DARICO – a Unique Asset Based Cryptocurrency in the Market

Avatar newsbtc 2 years ago

Darico, an exclusive asset-backed cryptocurrency blends the profitability of the best reserves of Bitcoin and Gold. This is going to be the first digital currency having benefits of Bitcoin’s growth potential, peace of mind and security offered by gold, in a single package. The team, aimed to develop an entirely new investment ecosystem, will soon announce the launch of the crowdsale.

Darico is the short form of Decentralized, Asset-backed, Return-focused, Investment-grade Coin. The unique asset combination backing the cryptocurrency potentially removes the volatility, which otherwise arises with individual digital currencies such as Bitcoin and others. This way, the virtual currency not only caters to the best interests of the coin holders but also encourages many people to adopt digital currencies.

The multi-asset backed Darico is backed mainly by Gold and Bitcoin, along with Ether which further makes the reserves diversified. Gold and Bitcoin reserves make up to 35 and 55 percent respectively. The guaranteed growth potential of Bitcoin is combined with strong price stability of gold. A little percentage of Ether reserves makes sure that Darico is completely future-proofed.

Mojtaba Asadian, the founder and CEO of Darico states that the market is getting more sophisticated and investors are looking for alternative modes to diversify their investment portfolios with the objective to get higher returns while reducing risk. Being backed by digital and physical assets, Darico successfully serves these needs.

The platform has gained massive attention from cryptocurrency community as the team began working a few months back. The team has planned to launch the ICO in the fourth quarter of this year. Exact dates of the ICO will be announced very soon.

The company will use the raised funds to procure the assets required to develop reserves. The platform has set the cap of 60 million coins that will be offered in the ICO and can be bought with ETH or BTC payments. Unsold tokens will be destroyed to preserve the value of cryptocurrency. In addition, 180 million coins will be distributed in coming 18 years via auto-mining.

To know more about the platform and be updated about its ICO dates, please visit http://darico.io/

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