DRC December Update
DRC’s Ecosystem
Today, we wanted to update you on the status of Digital Reserve Currency and its plans for the short-term future. Since the project launching 60 days ago, we have seen a tremendous flow of investors as they discover DRC and its potential as a future Digital Store of Value. Since launching the DRC Foundation at the beginning of November, there has been a team of five community members with vast experience come together to foster DRC and maintain its growth. The DRC Foundation has handled marketing, coin listings, website development, and so much more. DRC is made unique by its dedicated community members and developer who believe in DRC and its future potential. We wanted to talk about our plans going forward for DRC and how we plan on differentiating the token and its ecosystem from other digital stores of value.
Current State
Currently, DRC is functioning as a store of value on the Ethereum blockchain. Since launching on Uniswap, we have seen close to 800 investors enter DRC. There has also been massive appreciation for the token as investors discover DRC through organic marketing material such as our article on Yahoo Finance and our token being listed on CoinPark. While being a simple digital store of value is DRC’s main functionality, there are additional developments the team and the DRC Foundation are working on to position DRC as a hedge against uncertainty in the global financial markets.
Future Plans
DRC plans on developing a “Digital Reserve”, a well-balanced portfolio of the most efficient real-life store of value (SoV) assets that can be tied to DRC and serve as an entry point to users who traditionally might not have access to such assets, especially in developing countries. This will help DRC investors to link their DRC value to the value of other SoV assets with sustainable and strong historical performance. The proposed mechanism would allow DRC holders to preserve the value of their DRC holdings and hedge possible inflation risks, especially during economic downturns.
The DRCglobal.org website will be updated with a portal where users can easily deposit DRC to instantly back it with the respective share of the Digital Reserve. Holding the DRC deposit with Digital Reserve may accrue extra earnings for users as the Digital Reserve value will presumably appreciate over time. This may trigger the increasing demand for DRC and will simultaneously decrease its total circulating supply, which may eventually lead to DRC token price appreciation. More information will be released soon with an anticipated release date of Q1 2021.
DRC Foundation
As mentioned above, the DRC Foundation plays a crucial role in continuing the development of the DRC ecosystem. The DRC Foundation is made up of five elected community members who contribute to the DRC ecosystem growth and represent its community interests. Community members are elected for three-month terms with anyone being allowed to apply. DRC was bootstrapped by Maxim Nurov, and100% of the circulating supply was issued on the Uniswap exchange. As further developments are planned, we ask that anyone who is interested in DRC’s future and growth to supply whatever DRC or ETH they can to help the DRC Foundation continue its goals. All transactions are approved using a multi-sig wallet with 100% of the funds being used to further DRC’s development and growth. You can give DRC or ETH here: 0x356B82b7A235242F578883132a60b7D8017900AF
You can also view any DRC Fund transactions here: https://gnosis-safe.io/app/#/safes/0x356B82b7A235242F578883132a60b7D8017900AF/balances
