Dravite Ecosystem — A praiseworthy takeover

virtugrana (48)in #blockchain • 5 years ago

Dravite Ecosystem — A praiseworthy takeover

In the cryptocurrencies world, it is very common to have abandoned projects, either by people who pre-sale, dump and exit scam or simply developers who could not keep the project active. Luckily there are people who help take back these communities of abandoned currencies, which we call takeover.

The DRAVITE project was initially intended to be used as a means of payment to buy jewelry via P2P, such as a craigslist. The developer abandoned the cryptocurrency, but it was restarted again with everything this year of 2019.

Some stats about Gemstones industry:

The gems and jewellry industry of India is one of the largest in the world. At the moment, it contributes 29% of the global market for jewellry consumption. It is an industry with a total market size of $75 billion in 2018, with estimates placing that value at $100 billion by 2025

The United States, United Arab Emirates, and Hong Kong account for 75% of the total exports achieved by the gems and jewellry industry each year. Since 2005, total net exports for the industry have risen by a CAGR of 7%. (IBEF)

Source: https://brandongaille.com/19-gems-and-jewellery-industry-statistics-trends-analysis/

What is the purpose of the project now?

DRAVITE will be geared mainly to Gemstones industry, but will also have the charity factor by donating to institutions in need.

They have plans on opening a Dravite Gemstone Store online where you will be able to trade,buy,sell, and participate in auctions for precious gems using DRV or DRVF.

In addition to the store, they plan to build a great relationship with GEMSTONE community! With a growing relationship within the Gemstone community that will allow our platform to grow as many will be introduced to cryptocurrency via our platform. Breaking into the Gemstone community will allow us to further develop use cases for their project while increasing the value as well.

Roadmap

Coins Specs

Name: Dravite
Ticker: DRV
Algorithm: Scrypt
Type: PoW/PoS
Maturity: 25 Confirmations
Max Supply: 25,000,000,000 ( 25 Billion )
Min. Stake Age: 6 Hours
Block Time: 90 Seconds
Current Block = 150,001–500,000

Name: Dravite Flex
Ticker: DRVF
Algorithm: Quark
Type: Pow/Pos/MN
Total Supply: 15 Billion
Premine: 150 Million
Block Time: 90 Seconds
Min. Stake Age: 6 Hours
Maturity: 25 confirmations
MN Collateral: Flexible