DRCG COIN ICO
DCRG is a blockchain based decentralized cryptocurrency trading platform. DRCG Coin is the world’s first digital coin which is backed by gold.
|ICO Name||DRCG Coin|
|Description||DCRG is a blockchain based decentralized cryptocurrency trading platform. DRCG Coin is the world’s first digital coin which is backed by gold.|
|White Paper URL||https://drcgold.io/ico/Drcgwhitepaper.pdf|
|ICO Launch||2018/07/01 05:00|
|ICO Closing||2018/07/31 05:00|
|Token Platform||ETH (ERC20)|
|Coin Price||1 DRCG = 0.01 gram of Gold|
|Funding Target||3,150,000.00 USD|
|Coins Offered||65% of the total token supply|
What Is DRCG Coin?
DCRG is a blockchain based decentralized cryptocurrency trading platform. DRCG Coin is the world’s first digital coin which is backed by gold. It’s a utility token of the platform that people can use to perform various activities including purchases of products and services, pay insurance, and to access different applications to preserve and trade gold through loan investment, all across the network. The platform intends to bring revolution in the world of cryptocurrency by becoming a universal distributor and producer of crypto tokens to provide value for money benefits to its users.
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DRCG is a decentralized blockchain based marketplace which is backed by gold for trading cryptocurrencies. The platform is committed to becoming the only distributor of digital assets. The platform introduces the world’s first gold mining projects option followed by a plan to establish a highly profitable gold mining business using the blockchain technology. The platform strives hard to develop an ecosystem that enables its users to access various merchant apps and services followed by prompt payment processing thereby making the platform the world’s most wanted exchange medium. The ICO also plans to launch its mobile supported app in the market very soon.
How Does DRCG Coin Work?
As mentioned above, DRCG is a decentralized cryptocurrency trading platform based on blockchain technology, we now would like to let you know how it works. It has few core components including peer-to-peer networking, nodes, token, decentralized apps, digital wallet, community focus front end, and provision of escrow services. The platform also offers its users to take fiat or cryptocurrency loans provided that the applicant has passed KYC parameters in place by the platform. Holders of DRCG coins are also eligible to buy physical gold from various supported gold retailers all around the world and receive special discount offers.
Earn DRCG Coin Tokens
People can earn DRCG Coin tokens by contributing to the ICO during its pre-sale or crowd token sale. The pre-sale of the ICO is currently in progress, those who wish to earn DRCG Coin tokens need to get registered with the ICO. Registration can be done by accessing the official website of the ICO online. You simply need to provide your full name, email id, and wallet address. Please be aware that you may not be able to earn DRCG Coin tokens if you have a wallet account opened with an exchange, therefore it is recommended to use the platform’s customized wallet for the same.
Buy DRCG Coin Tokens Using E-Wallets
As discussed above, those who wish to buy DRCG Coin tokens can use the platform’s customized digital wallet. To comply with rules and regulations of anti-money laundering agencies, the platform requires every customer to pass KYC factor before anyone can actually buy DRCG Coin tokens. The ICO is likely to get listed on various exchanges all around the world. Two of them have been confirmed already by the ICO. People can also buy DRCG Coin tokens from all such exchanges. To buy DRCG Coin tokens from a supported exchange you may need to exchange other digital crypto assets against DRCG Coin tokens.
The ICO Distribution
The ICO plans to launch its tokens sale coming July this year. The expected date for the launch of the token sale of the ICO is July 01, 2018. It is anticipated that the ICO will last for about a month. It will end on July 31, 2018, or when 3,150,000.00 USD target funding is achieved, In short, whichever comes later. There will be a total token supply 100,000,000.00 DRCG tokens available. The hard capping of the ICO has not been disclosed yet. the starting price of the ICO is expected to be 1 DRCG = 0.01 gram of Gold.
The ICO plans to distribute its tokens under the following proportion;
- 52% tokens are planned to be distributed to the branding and marketing department of the ICO
- 23% tokens are planned to be distributed to the reserve fund of the ICO
- 14% tokens are planned to be distributed to improve the IT Structure of the platform
- 05% tokens are planned to be distributed to the financial and legal department of the ICO
- 03% tokens are planned to be distributed to offer as reward and bounty programs by the ICO
- 03% tokens are planned to be distributed to the Gift code inventory department of the ICO
The ICO plans to allocate its funds under following proportion;
- 65% funds are planned to be allocated to the core phase of the token sale
- 13% funds are planned to be allocated to the Project Team Share of the ICO
- 10% funds are planned to be allocated to the partners and advisory team of the ICO
- 09% funds are planned to be allocated to the bonus and reserve funds by the ICO
- 03% funds are planned to be allocated to offer bounty programs by the ICO
Unlike other ICOs, no information is available concerning any bonus offer to early contributors of the ICO.
The ICO has following team members;
- Usman Muneer is the CEO & Lead Blockchain at DRCG Coin
- Emmanuel Ndenga is the Project Manager at DRCG Coin
- Zohaib Abbas is the Backend developer at DRCG Coin
- Serokell Mugagga Ssekitto is the Head of the development department at DRCG Coin
- David Byamukama is the Mining Engineer at DRCG Coin
- Hassii Kahloon is the Blockchain Developer at DRCG Coin
- Pavel Shatskih is the advisor to the company at DRCG Coin
- Charles Egbebu is also the advisor to the company at DRCG Coin
- Sam is yet another advisor to the company at DRCG Coin
- Sudeep Mohanty is also an advisor to the company at DRCG Coin
Invest In DRCG Coin
After a careful review of the ICO, we hereby conclude that DRCG Coin is the world’s first cryptocurrency trading platform which is backed by gold. The objective of the ICO sounds workable. However, it is too early to conclude anything concerning the success of the ICO. We, therefore, suggest people should invest in DRCG Coin after having some research.