Thank you all for joining the white-list for the upcoming DAREX (Darico’s Exchange) launch,
In this post, we will highlight details about DAREX White-list procedure and share more information about the Terms & Conditions on how to claim the prize for joining the white-list.
The white-list will be broken down by a queue system which will put the first registered users on top of the queue, however, in order for new users to climb the ladder they can refer their friends and decrease their position in line. Top 100 users will receive prizes as per Table 1.1.
Furthermore, the top 10,000 white-listed accounts on DAREX will be credited $100 each that which can be redeemed as transactions fees when DAREX is launched.
Rewards & Prizes
1- Top 100 users in the in queue will receive the $100 in transaction fees along with different amount of DECS as per the below table in order to become Shareholders in DAREX meaning that they will get the rights to vote, receive revenue distributions of daily-basis, and audited dividends on quarterly-basis.
[Table 1.1] Top 100 White-listed Account DAREX Shares (DECS) Distribution Scheme
A. Positions 1–10 ………. 1,000 DECS
B. Positions 11–50 ………. 500 DECS
C. Positions 51–100 ………. 250 DECS
2- Top 10,000 positions white-listed accounts on DAREX will receive $100 in transactions fees meaning that they will be able to trade for free up-to $100 after the launch of DAREX.
Terms and Conditions
1- Registered users must make sure that their email is correct as they will receive a confirmation email with a verification link by the end of the White-list period, if they don’t click the code it will be expired in 7 days.
2- The amount of $100 in transactions fees will only be used to automatically pay the transaction cost and can’t be withdrawn from the exchange.
3- Daily checking is being conducted on all the fraud and spam emails, anyone that is abusing the system will be disqualified from both the DAREX White-list and the Darican Program (if registered there).
4- All questions regarding DAREX White-listing procedure should be directed to whitelist@darex.io. Any spam emails will be disqualified.
We thank you all for the continuous support and we look forward for a great launch for DAREX. Let us continue working hard and make sure to take Darico into new levels.
Darico was conceived in Q4 of 2016, and the pre-ICO is currently underway in the Q4 of 2017. The ICO will take place in Q1 of next year (2018), with the trader component and Darico App arriving in Q2. Darico Investment Funds will arrive in Q3. From there, they will develop the Messenger Component of the Darico app, followed by the app’s Indexes and Cryptocurrency Pools. Finally, the team will integrate collateral technology, as well as smart mortgage contracts.
Conclusion
Darico has the potential to be a smart, reliable investment for everyone, regardless of their familiarity with cryptocurrency and whether they already have crypto assets. The combination of crypto backing with gold should provide the desired stability, liquidity, and other benefits. While this is clearly a long-term investment, just like any other investment portfolio, it appears to be a smart decision.
One of the keys to Darico is the fact that 35 percent of it is backed using solid gold that sits in custodial vaults. This takes advantage of gold’s reputation as a steady investment and its use as a reserve for several thousands of years. This gold backing provides the safety and stability other cryptocurrency investment portfolios tend to lack.
In addition to the portion backed by gold, Bitcoin backs 55 percent of Darico, with Ether backing the other 10 percent. This division sets up Darico Coin so it can gain value as the most profitable cryptocurrencies in the world increase their own value.
This unique diversification of Darico also ensures that it has a nice, low correlation with the other crypto assets you will find. The result is safety, reliability, and attractiveness for those who seek diversification in their portfolio.
Darico ICO Details and DRC Token
DRC is the token that fuels Darico, and it is currently in the pre-ICO sale, which ends Dec. 30. As of the time of this writing, 606,000 DRCs have been sold out of an allotted 3 million, which is equivalent to $2,038,003 USD. Those who invest during the pre-ICO receive a bonus of 110 DRC for every ETH invested.
The ICO itself will span six months, during which time 60 million Darico will be sold. Any excess coins not sold will be burnt, as this preserves their value. Contributions until 3 million DRC will deliver 110 DRC for each ETH. After this point, the rate drops to 100 DRC per ETH. Starting at 25,000,001, it becomes 90 DRC, and it goes to 75 DRC at 50,000,001. Following the ICO, at least 90 percent of the funds raised during that period will go toward buying the assets behind the Darico Coin, with the division mentioned above.
The team behind Darico has years of experience in related fields. Mojtaba Asadian is the founder and CEO, while Solange Basseterre is the project manager. Ihor Pidruchny is the blockchain architect, and Andrew Zubko is the blockchain engineer. Other members of the team include Roman Tsivka as the smart contract developer, Liwaa Chehayeb as the business development manager, Kirsten Morel as the content manager, Kelly Stafford as the community manager, and Marco Schlauri as the marketing manager. Advisors include Luke Szkudlarek and Mario Colombo.
What Factors Make Darico Stand Out?
There are other cryptocurrency investment tokens available, but the team behind Darico designed this one with plenty to set it apart. It should provide investors with asset diversification, as well as the security of a long-term investment, with just one cryptocoin. As such, there is no need to search for the best investments to include a diversified portfolio; Darico does it for you. Investing in Darico Coin automatically gives you that diversified portfolio.
Because Darico relies on gold, Bitcoin, and Ether, it is able to provide the stability of gold with the liquidity of Bitcoin and Ether. Factor in the potential of the cryptocurrencies, and Darico Coin provides investors with all the best characteristics of both traditional and crypto investments.
The developers behind Darico created the platform to make it easier to invest in cryptocurrencies. They call it an “easy-access gateway” for cryptocurrency investment that is safe, and that description seems to be accurate. It is designed to appeal to those new to the world of crypto investments, as it combines the potential of cryptocurrencies with gold’s safety and stability. This can give new investors confidence due to the reduced risk; after all, everyone agrees that gold is a solid, reliable investment.
DAREX is redefining the very concept of community participation and profit sharing in the cryptocurrencies space. As the first 100% community-owned hybrid digital asset exchange, DAREX will be airdropping special Equity Tokens called DECS (Darico Exchange Community Shares) to holders of DEC, the native token of the Darico Ecosystem.
What makes DECS tokens so special? Holders of DECS will be shareholders of the exchange and they are entitled to a proportional share of all the exchange’s revenue which will be paid partially on daily basis, as well as IFRS-audited dividend payouts on a quarterly basis.
DECS total supply will be 99m and DEC holders will be entitled for a 1:1 ratio of their DEC holding at the time of the airdrop before DAREX officially launches during Q4 2018.
Benefits of DAREX
100% community-owned. DAREX is the first exchange to provide equity options to common users, giving them a way to share in a percentage of the earnings of the exchange on a daily basis. Users can even earn quarterly dividend payouts as well by simply holding the DAREX shareholding token DECS.
Hybrid exchange. DAREX provides trading and exchange services for both utility tokens as well as security tokens. With DAREX, we provide investors with the tools and investment options that they need.
Raffle and prize draws. DAREX not only provides discounts for trades conducted with DEC but also allots DECR, the raffle-ticket and reward token, to users whenever they conduct trades.
Darico and Polymath have partnered together in order to create the DECS Security Token for DAREX the first community-owned hybrid digital asset exchange from Darico. DECS tokens are security tokens that give its holders an equity in DAREX, enabling them to have voting rights and the right to receive a share of the profits of the exchange on daily basis along with IFRS-audited quarterly dividends.
While work on DAREX is an ongoing process, the Darico team is very excited at the completion of this major milestone. Continues collaboration with the Polymath team will ensure that all relevant tasks related to the creation and maintenance of the security token are handled in a timely, safe, and secure manner.
Darico (https://darico.io/en/) is an all-in-one solution that provides users with an array of tools that enables them to Monitor, Trade, Invest, and Spend in the crypto economy. Darico Ecosystem includes several products including DAREX, the first community-owned hybrid digital asset exchange. DAREX is currently under development and planned to be launched towards the end of Q4 2018.
The Polymath Network (https://polymath.network/) is a specialized tokenization service that connects token investors, KYC providers, smart contract developers, and legal experts to help companies launch securities tokens on the blockchain.
To read more about DAREX and the Darico ecosystem check out the website (www.darex.io)
Refer as many friends as you can and you will get rewards in EXP and DEC. Referral link will always be there waiting to be used and shared directly in your Social Media.
2- Social Media tasks
Do some basic tasks on our Social Media, practically just be part of our community and follow us everywhere, we’ll make sure to compensate your loyalty.
3-Your feedback matters
Provide us with useful feedback regarding our products, the project or overall and get rewarded for innovative and creative thinking.
What is the Darican program?
Darico has launched Live the coolest and most exciting program to involve all our current users and invite more crypto and non-crypto adopters to join The Darican family. Click HERE to join the program and have a sneak peak on what will happen.
Objectives of the program:
Create awareness about our products, what we are doing and how we will do it.
Create a ‘’Darican Army’’ and build a strong long-term community like never seen before. This same community will help the project achieve its long-term goals.
Reward loyalty and all who believe in our project.
Grant an identity to the supporters of the project and reward them according to their rank, title and contribution.
How it works?
The program consists of 2 major levels:
https://www.facebook.com/DaricoCoin/
STEPS to FOLLOW:
Step 1 — Search for the big button JOIN TODAY in the website.
Step 2- Sign up, complete your data and verify your phone number.
Step 3 -You’re ready to enter the Darican Program LEVEL 2 (as highlighted above in the picture). We highly suggest you do the KYC * from the beginning (Get rid of the documentation part so you don’t get bothered while you work on all the cool tasks)
Step 4 -Start completing achievements in the Rewards Section, after each completed and verified task you will receive EXP (Experience points) and DEC.
Step 5- Claim your prizes, claim your titles and compete on the Leaderboard on who’s the best Darican.
* KYC is not mandatory but it’s important to claim the hard earned rewards, do it from the beginning and start your journey with a peace of mind! Focus on your tasks and achieve all the goals that you can!
We have come a long way since the inception of the idea behind the OriginTrail Decentralized Network and a successful first stage of its testnet, launched on June 29th. Four months after the Apollo release, our team is proud to introduce the newly born OriginTrail Vostok Mainnet — named after the iconic first human space flight by Yuri Gagarin — which will be launched on December 7th, 2018.
We are very proud to be able to announce this news and present the updated technical roadmap. There is a lot to cover, so let’s get right to it.
Updates from the Previous Months
In our latest comprehensive testnet update, we explained where our technology efforts have recognized the need for improvement, and, after months of ideation, development, and testing, we have come to great optimisations and simplifications.
Bidding Mechanism Update
First of all, we introduced an overhaul of the bidding mechanism — the mechanism is responsible for node negotiation regarding data replication in the network — which has significantly reduced the cost of running the system, as well as improved its scalability.
The replication process is now atomic: dataset fingerprinting and the publication of the corresponding offer on the blockchain is now done during the replication phase in a single transaction. The Data Holder (DH) nodes exclusively communicate off-chain with Data Creator (DC) nodes so they do not need to make any transactions on the blockchain during the replication process. This introduces significant cost reductions on the DH side and, indirectly, on the DC side as well, as DC nodes would ultimately need to cover this cost. During the offer replication negotiation phase, a number of n DH nodes are randomly picked (by a lightweight proof-of-work mechanism) to become “vault” nodes, committing to store the dataset for a determined period of time and make it available for retrieval. Note that this is not a proof-of-work mechanism in the “usual” blockchain sense, but rather a mechanism to achieve a necessary randomness in choosing the vault DH nodes (by solving a task which requires it to find a solution to a randomly generated problem, for which the input is an n-tuple of DH node identities. The DC node needs to “mine” this solution as there is no inverse function that would be able to find the n-tuple solution from the randomly generated problem).
The number n is calculated based on the algorithm and task difficulty, stemming from the network size. In order to complete the replication process (i.e. create and finalize the offer), the DC node needs to have n * offer_pricetokens on its wallet balance, where it is in the discretion of the DC node operator to determine the offer_price in TRAC tokens. The DH nodes have the discretion to decide if they want to engage in the bidding game — by accepting to join the replication process, therefore qualifying to be eligible for becoming vault DH nodes — based on the offer_price offered by the DC node. This is how market conditions are achieved.
Once an offer is finalized and vault DH nodes are chosen, each of them puts up a stake in TRAC tokens, which is a linear function of the offer_price. Nodes that are not chosen, but have received replication data, can choose to either opportunistically store and provide the datasets or delete them if they do not find them “valuable.”
An additional change is that now each node also has to post an initial stake in order to participate in the network. This is to protect from the easy creation of a large number of nodes and potential Sybil attacks. To join the Vostok mainnet, a small amount of only 1000 TRAC is required for each node. Otherwise, the staking mechanism hasn’t changed.
Therefore, as part of the new bidding mechanism, only the DC nodes (the ones inputting data into the network) carry the cost burden in ETH and TRAC. The DH nodes are required to make transactions on the blockchain only when first starting their node (to obtain their identity and set the stake) and when they want to withdraw tokens they’ve received as compensation (which can be done as rarely or frequently as the node holder wants). In this way, the cost of the mechanism has been reduced for a whole order of magnitude.
More on the new mechanism will be explained in the documentation in the coming weeks.
Introducing the ERC-725 Identity Standard Support
The OriginTrail node now supports the emerging ERC-725 identity standard, joining a multitude of companies and developers that have already embraced it as a reliable solution for implementing identity within smart contracts on Ethereum (check out the ERC-725 Alliance).
This improvement ties in to the OriginTrail protocol nicely as onboarding companies involves the ability to verify their identity on the blockchain. It also vastly simplifies key management and allows for multiple wallets (and nodes) to be represented with one identity on the blockchain. Finally, using ERC-725 improves interoperability with other ETH based systems utilizing the same identity standard.
Increasing Node Resilience and Updates to the Data Layer
Over the last several months, we have finalized the implementation of the command sourcing pattern logic within our code and have tested out many scenarios to optimize the details of command operation within the node. Essentially, this means that the node is now able to recover from issues like a failed (or delayed) blockchain transaction or a node reset (because it saves state) and will attempt to retry certain operations if it detects failure at any step of the protocol communication. Apart from the command sourcing pattern, we collected a lot of data in the beta program that has helped us resolve a list of issues that were occuring in different environments that nodes were operating in. This has led to a simplified data layer structure and further optimized identifier lookups within the node and the network. These will be reflected in the documentation in detail in the coming period as well.
Stages of Mainnet Development
The ODN main network starts with Vostok, which is the first stage of its technological life. The Vostok stage will be the first contact of the network with real market conditions as TRAC gets to be used for network utility. In this stage, the network will gradually introduce the litigation mechanisms. This will also be the period for the bug bounty and audit processes that need to be completed in order to move to the next stage. Therefore, the network will launch in a controlled environment with initial node holders being onboarded via the application procedure here. An initial stake of 1000 TRAC tokens is needed for participation eligibility.
Soon following Vostok, the Freedom stage will kick in — targeted for Q1 2019 — with fully implemented litigation mechanisms in real market conditions, opening up the network for all participants. Onwards, the Gemini stage will introduce further data layer and privacy abilities, and will be focused on bridging different technology “worlds”, where it is important to ease the integration with other enterprise software. Finally, the Pioneer stage will kick in with further data tokenization abilities. More information on the mainnet roadmap will be published on the website roadmap page.
Node Applications Open Today
The OriginTrail Vostok Mainnet is another milestone in our story, which started years ago and shaped us to become a strong team that keeps on delivering. We are looking forward to continuing our journey with you. Starting today, you can apply for running a node on the OriginTrail Vostok Mainnet. You can find more information and the application form at the following link: https://origintrail.io/vostok-application
TOTAL BOUNTY POOL = 82756,42 GRT TOKENS (up to $250k on the ICO).
The Bounty campaign will start on October 1, end - at the end of the ICO (approximately January 1). We (devs) will distribute the entire award among all campaign participants, 3-4 weeks after the token sale has ended. Multi-accounts are not allowed. Bots and fake accounts are not allowed. Low quality (spam) accounts can be excluded from bounty campaign or their rewards can be reduced. You should check the dashboard for errors and news several times a week. If you do not correct the errors on time - your work may not be counted. Server time is UTC +0. *GoRecruit reserves the right to make amendments to the bounty program at any time (your current stakes will not be reduced). *GoRecruit reserves the right to remove stakes/participants from the bounty for any reason such as unethical behaviour and fraudulent submissions.
Please note that if the bounty pool is exceeded, then every payment will be the same percentage-wise as in what the initial pool is compared to the sum earned as a result of bounty. For example, if the total sum of GRT that is earned by participants of the bounty is 85000 GRT and thus the initial pool (82756,42 GRT) makes up 97,3% of that, every bounty participant will receive 97,3% of their reward.
TOTAL BOUNTY POOL = 5% OF ALL MINTED EUREKA TOKENS.
The Bounty campaign will start on 21 November 2018, and will run for 90 days.
The distribution of all the award will take place maximum 4 weeks after the public token sale has ended to campaign participants.
Multiple accounts owned by the same person are not permitted. Any bots or fake accounts are not allowed.
If we detect a low quality or spam account, then this will be excluded from the bounty campaign. If the bounty manager decides an account is low quality a reduced bounty may be paid instead of excluding the account. This is at the bounty manager’s discretion and their decision is final.
You are advised to check the dashboard for any errors and news, several times a week. If you do not correct the errors on time, then you risk your work not being counted.
Server time is UTC +0.
*EUREKA reserves the right to make amendments to the bounty program at any time (your current stakes will not be reduced).
*EUREKA reserves the right to remove stakes/participants from the bounty for any reason such as unethical behaviour and fraudulent submissions.
*If the hard cap is not met, then the bounty pool will be reduced proportionally.
Register here for quick access to your bounty - EUREKA Bounty Portal on BountyPlatform.io
For any questions related to the Bounty Campaign, please write here.
