Must Have Cryptocurrency in 2021 - Discovering the Digital Reserve Currency DRC
One of the interesting things about a bull run is that many alt currency's will also see a significant rise in value, even the ones that are mere concepts and hold no real value, if we take a look back at the ICO boom, it was never easier to fly a project based on an idea and with no original product vision, infact, a lot of projects turned out to be fluff after being funded massively without delivering, it's just one of those things that happen during the bull run.
Another thing that happens during a bull run is that Gems are birthed. The bear market is the most dreaded period of the market cycle, it is silent, long and in terms of price action, it is a period where practically everyone is experiencing a decline in value of their portfolio as the market takes a breather. However it is the best time for building, what's that saying about building in silence?
History is about to repeat itself as the market has taken a turn for a bull run, while there will be new shiny things out there claiming to plan to offer the world novel solutions, some have been building in silence, their concepts developed and launched in the most horrible bear period the world has ever seen, has been through several phases of iteration, and has the potential to become actual gem's.
One of such project is the DRC token, Digital Reserve Currency token, birthed as a result of the global economic recession and the financial impact of the 2020 Covid Pandemic, the DRC is an ERC20 token built on Ethereum Blockchain, it is deflationary with a limited supply of 1,000,000,000 tokens and an initial market cap of $1,000.
It is posed to be a Decentralized digital store of value, backed by a balanced portfolio of the worlds most efficient store of value assets such as Bitcoin, Gold and the United states dollars.
This will help DRC investors to link their DRC value to the value of other SoV assets with sustainable and strong historical performance.
It is a finished and operational product with 100% of the tokens issued to the market, it had no ICO nor premine ensuring fairness, it is run by the community and maintained by the DRC foundation which comprises of community elected members.
If an investor acquires DRC tokens he can choose to either hold the tokens or deposit them onto the Digital Reserve, a decentralized financial tool which is used to purchase and represent a Store of Value asset, e.g Gold which has potential to appreciate in value over time, this also inturn brings Demand for the DRC token and with its limited supply, it inherently therefore also has the potential to appreciate in value.
The DRC is also used to provide liquidity on Uniswap where 100% of fees earned are split between all LP's, increasing the its demand.
If 100% of the token have been released to the open market, then how does the foundation pay for development? Through periodic sale of digital products like limited edition NFT's, merchandise etc.
DRC token is available to be purchased on Uniswap, Metamask, traded on Matcha platform and can be held in imtoken wallet.
How to buy DRC using Uniswap
According to charts from coinmarketcap, DRC token has been in an upward trend since its launch and has set a current all time high of $0.052 from its starting price of about $0.012.
DRC is designed to offer people a hedge for their wealth through a currency that is censorship resistant and deflationary and which can be pegged to the most efficiently performing store of value asset to preserve or gain wealth.
In conclusion, I personally believe the DRC is a product with a genuine use case coupled with its inherent properties such as being censorship resistant, its Limited supply and its deflationary model. Word on the street has it that it has the potential to serve as a better store of value than bitcoin in the near future, will this be true? Only time will tell.
The DRC foundation reports to have an active community with over 1000 holders of the DRC token, over 1000 members in the telegram community and over 1000 followers on twitter, signifying that the community is still relatively small and there is a big chance to become an early adopter.
What do you think about the DRC? Kindly share your thoughts below.
Other resources:
DRC token contract address
https://etherscan.io/token/0xa150Db9b1Fa65b44799d4dD949D922c0a33Ee606
DRC Whitepaper - https://drcglobal.org/white-paper-1/
DRC Discord https://discord.gg/qDwAauW
Thank you for reading.
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