Following the success of Darico’s pre-ICO, during which more than US$2 million was raised, the Darico team has taken the decision to restructure the proposition in order to build a strong and sustainable investment ecosystem that provides the best possible service for the widest range of people by serving as a single portal that offers crypto investors all the tools they need to operate successfully in the cryptocurrency markets.
As a result, Darico will now launch a fully regulated Gibraltar private fund that will be used to provide liquidity to DRC, creating a stable and sustainable platform from which other products can be launched.
The move will see Darico better positioned to respond to demand from large-scale investors looking for exposure to cryptocurrencies and more able to deliver a range of crypto finance products.
In order to meet regulatory requirements, the Darico private fund will be available only to qualified investors, which will be sourced through private networks, partnerships and financial institutions rather than through public channels.
As well as the establishment of the fund, the new structure will lower the bar for minimum investment during the Darico ICO, bringing it down to just US$10 and so giving smaller investors easier access to the cryptocurrency.
“We’ve seen enormous interest in Darico during our pre-ICO period,” said Mojtaba Asadian, Founder and CEO of Darico.
As the pre-ICO progressed, it became clear to us that we needed to make alterations in order to cater for the wide range of investors that have expressed an interest in buying Darico.
By creating a fully-regulated private fund, we’re in a better position to provide a gateway to cryptocurrency investment for large-scale investors and will be more capable of building a wide-ranging ecosystem within which Darico can thrive.
The new format makes Darico Coin much more accessible because it will be open to people looking to buy coins from just US$10 and the new structure will enable us to focus more strongly on the ICO in itself, rather than looking for ways to make it cater to different investor types.
Importantly, the ICO continues as before and we remain committed to developing the Darico trading tools which will be available to all holders of Darico Coin. As a result of these changes, we’re launching a new roadmap that will give people a clear view of our plans for 2018 and beyond.
Darico Coin (DRC), will be used by holders to access exclusive investment products that will help them work successfully within the crypto markets. These products will form the Darico Ecosystem and will continue to develop into the future.
The first of these will be the Darico wallet that will integrate with exchanges, so DRC holders will be able to trade Darico with ease.
Following the successful release of the wallet, Darico holders will benefit from the launch of the Darico terminal, which will provide additional features by bringing together the trading functionality, news and data analysis tools from a single portal.
These are just the first two products within the Darico ecosystem, which will grow rapidly as it develops into a single portal for cryptocurrency investment tools that includes a cryptocurrency index fund, debit card and cryptocurrency exchange.
There is only one material change for Darico buyers as a result of the new structure - during the ICO, Darico Coin buyers will receive one Darico Genesis account (DRX) for every 1,000 DRC that they purchase.
DRX enables the holder to receive new Darico Coins to their wallets via its auto-mining function. DRX are transferable and will be tradeable on exchanges, so anyone interested in buying DRX after the ICO will be able to do so, as and when they become available on secondary markets.
“We’re delighted that Darico has stimulated so much interest among investors and we’re certain that by launching these investment products, the crypto community will enjoy the benefits that come from having one easy-access gateway that gives them all the tools they need to invest in cryptocurrencies with confidence,” said Mojtaba Asadian.
For more information about Darico, please visit Darico.io
This press release is for informational purposes only and should not be viewed as an endorsement by CoinIdol. We take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy. Readers should do their own research before investing funds in any company.