Darico is Aiming for Mass Adoption!

in #bitcoin6 years ago

Crypto markets have slumped into bear season once again.

In the second half of 2018, the crypto market so an eruption in its market cap. This growth was largely prompted by an sudden influx of early adopters among the retail investors. Crypto exchanges thousands of accounts per hour and fresh fiat was pouring into the market at a rapid pace.

Now, the market seems much more glum as the vast portion of assets seem to sustain a blood-red performance chart on an almost regular basis. For the crypto market to enter a sustained bullish period again, it’s imperative to secure the interest of more than just early adopters as the market has already maximized penetration in that demographic. To captivate the interest of the masses, cryptocurrencies must provide a daily utility; a number of projects are in development to ensure this vision becomes a reality.

A new project, Darico, is building an entire ecosystem that can provide the sustained daily utility from cryptocurrencies; the success of such a development can pave the way for wide market adoption of cryptocurrencies as a whole.

Cryptocurrencies for Daily Payments


Darico Ecosystem is comprised of a wide menu of services that users can immediately benefit from, especially if they are already part of the cryptocurrency market.

This ecosystem includes the first exchange merged with an information terminal to ensure existing traders and investors can invest with proper guidance. However, its heavily comprised of features that make is appealing to a new audience segment.

DePay

Darico will issue its debit card that will execute payments with the aid of the Ecosystem’s native payment protocol. DePay will allow anyone to execute transaction using cryptocurrencies which would be simultaneously sold on the exchange for fiat.

Once cryptocurrencies can make their way into daily spending utility, they can be elevated to the status of a genuine-use currency. This provides the credibility and proof of use that the vast portion of the world needs before they even consider to adopt cryptocurrencies.

Managed Fund

A large aspect of adopting cryptocurrencies at the current stage involves the potential to make good investments. The vast portion of the world is too dedicated to their own job and does not have the time needed to actively research investment opportunities. It is for this very reason that ETFs that follow major market indices have become so popular.

Cryptocurrencies are a novel investment outlet when compared to most traditional assets. Therefore, this market is even more complicated for the average person, who tends to largely rely on an index fund for investments in even equities. Darico recognizes the need to fulfill the gap between ease of gaining proper investment management in traditional markets and cryptocurrencies. To resolve this, Darico is offering its own managed index fund, named CHawk.

CHawk gives everyday people to rely on an experienced, professional crypto fund manager to regularly adjust the weight of each cryptocurrency in the index fund. This ensures everyday people do not need to dedicate time to research various coins and can simply benefit from the skill and experience of crypto market professional.

Wrap-Up: Two of Darico Ecosystem’s features can play a vital role in attracting the masses to the crypto market. DePay provides cryptocurrencies with exposure to daily spending potential, thereby giving them the relevance of fiat currencies; CHawk provides the mass market an opportunity to have investments in this market without having to dedicate time or effort.

Darico Essential Links


🌐 Website: http://darico.io/
💡 Whitepaper: https://darico.io/en/Darico-Whitepaper.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2852281
💻 Telegram: https://t.me/joinchat/FnQXt0xwkfTn_3V1KU98Jg


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But I think the turn around time is still the greatest hindrance for the general adoption of cryptocurrencies. Unlike fiat that it is widely accepted and exchanging it to other type of currencies isn't that hard. On the part of cryptocurrencies it takes around 3 days to closed a transaction. But overall the technologies are evolving and I`m still positive that sooner or later we will be able to find a solution for transaction delays. Still have my bet on Moore's Law

As you said, advancements are on the way, and that too at rapid pace. The underlying infrastructures will soon be able to support high tps. Even Darico has plans to transfer their operations on to a native blockchain, though its one of late milestones in the road map.

Yeap! There's high possibility of it happening sooner. With the rapid advancement of underlying technology infrastructures supporting the blockchain.

Crypto market is bearish since long time. If we go by trend, market should start bullish trend by October and will continue till January. Do you believe so?

News is the key driver in this market; if enough positives news builds up by Oct., then yes.

Nice development. I just hope that the Darico ecosystem will solve the problems and cover the limitations encountered by the others.

Fingers crossed :)

@hatu This could solve the major problems of crypto by giving all necessary tools for an investor.

Correct, it could be a category killer.

@hatu
All projects brought by you are always good.
Keep up the good work and enlightening us.
Thanks.

Thank you.
I try my best :)

It seems really a good project. I hope it will make our payment easier and provide the customer more flexibility.
Thank you Mr. @hatu

Yes, it'd be a great utility.

Darico blockchain's Depay will be massive run very soon.

Yes, is has a lot of potential.

Amazing thought i like your post Best of luck for reward in your post is no 1 rank in steemit...

Thank you :)

Thnx for sharing @hatu

You're welcome :)

Mine pleasure

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