Cryptocurrencies have been in the news for quite some time and the majority of the world now has some idea about it. But despite that, the majority of the investors are not ready to invest in them.
One of my uncles is quite a successful investor and now has given talks on investing procedures and how to start off as a beginner in several places. I asked him the reason behind this.
His answer shook me quite a bit. According to him, "First of all, there isn't a proper law in our country which could help me in case I fall into the trap of a fraud or somehow I am scammed. I lose all my hard-earned money in the blink of an eye. This is the major setback. The second is the sheer number of options available. Look out, there are at least 1500 different types of coins that can be traded. How would I know which one would do well and which one won't? It's very very confusing. This is why I don't invest in this space, and I don't recommend this to anyone as well, even experienced investors may lose everything that they have."
Quite shocking, isn't it? Well, this needed to be solved.
Introducing Darico, a platform that is all set to tackle these challenges.
**What is Darico?**
Darico aims to be a one-stop solution for all the above-mentioned troubles.
The Darico platform will be the number one trusted resource for people to learn and understand cryptocurrencies better. This will clear a lot of misconceptions about cryptocurrencies and help in its mass adoption by the common people.
Using the Darico platform, users can monitor how the different cryptocurrencies are performing, and invest in the ones which are doing well. They can also trade a host of different cryptocurrencies using the platform. And the best part?
Using the Darico debit card, the users can spend the cryptocurrencies that they have earned or bought, just like real cash.
This will widen the horizon for cryptocurrencies and open a new vista for them. The entire Darico ecosystem will help cryptocurrencies take some share of the current market which is ruled by fiat currencies.
In this way, the Darico platform changes the way we trade and invest in cryptocurrencies completely.
**How does it work?**
There are 6 different components that power the Darico ecosystem :
- Depay debit card, that will allow users to spend cryptocurrencies just like real cash
- The Darico wallet, that will allow users to keep track of their cryptocurrency balance, investments and expenditures. They can even track a particular currency by keeping them on the watchlist
- The Index Fund, where different currencies will be monitored, analyzed and rebalanced every week based on performance. The portfolios will be balanced based on the risk preference of the users
- The Terminal, that will act as a gateway to all the other components of the ecosystem in a safe and secure way
- The Liquidity Pool, that will be used to enhance the liquidity, stability, and development of the Darico platform
- The Exchange, where users can trade, buy and sell cryptocurrencies based on their performance
All these components act together to make Darico platform a huge success.
**About ICO**
The Darico Ecosystem Coins or the DEC token is the altcoin of the Darico platform.
120,000,000 DEC tokens have been created out of which 60% will be sold during the ICO period.
The ICO period will begin on 30th January 2018 and will end on 30th July 2018.
The project is currently priced at $0.50/DEC, accepting ETH and BTC.
**Verdict**
Cryptocurrencies have immense potential, and the world has known this for quite some time. Despite this knowledge about them, most of the people, including the top investors, are reluctant to invest in them. This is because of lack of a proper controlling mechanism, and lack of knowledge about how they work. Also, the number of cryptocurrencies available in the market is staggering, and it is extremely difficult to keep track of the performance of so many different currencies, even for the experienced investors.
Darico understood these problems, and this is why they launched the Darico platform, which will act as a one-stop solution for all the cryptocurrency related problems.
People can get all the information about a particular currency on the Darico platform and monitor their progress. If they are doing well, they can invest in them. Further, using the Darico debit card, people can spend cryptocurrencies just like real cash.
In this way, Darico and its team will change the entire idea of cryptocurrencies among the people and slowly pave their way for mass adoption. Hats off to this wonderful solution that will change the world for a better tomorrow!
Website: http://darico.io/
Whitepaper: https://darico.io/en/Darico-Whitepaper.pdf
Blog by ollivander7
Profile: https://bitcointalk.org/index.php?action=profile;u=1069616