NEW YORK, November 24, 2021 (GLOBE NEWSWIRE) – Maxim Nurov, founder of Digital Reserve Currency (DRC), published a Medium article in which he outlines his vision for the future of the DRC on October 15.
Maxim Nurov also discussed the current situation in the DRC and explained what sets it apart.
First of all, the DRC has a fixed supply and a deflationary economic model. The rarity of the DRC is built into the code and is essential to protect against the depreciation of symbolic value in the future. The entire supply of DRC tokens is currently in circulation and no new DRC tokens will ever be issued. The issuance of new tokens or any other modification of the token structure is limited by the DRC smart contract.
Second, the DRC is not managed or controlled by anyone. There are no big token holders who can manipulate the DRC market. No portfolio holds more than 2% of the DRC’s total supply. The allocation of tokens in the DRC is very well balanced and transparent.
It is important to note that the DRC has not made a token sale and has never received funds from investors. 100% of the total token supply was issued directly to the secondary market. The DRC’s network and governance structure are sufficiently decentralized. Nurov stressed that a project like the DRC should not be managed by a centralized team; stakeholders have confidence in the DRC and its sustainability because it is decentralized and resistant to censorship.
And finally, the DRC token has a unique use case as it provides access to the digital pool, a decentralized platform where DRC holders can securely store DRC and preserve their capital. Digital Reserve is not a commercial project and does not collect fees from users. It was created to help people hedge against inflation risks and preserve their capital efficiently and profitably.
Digital Reserve Currency has strong fundamentals and has captured a unique market niche in the Store of Value (SoV) segment of the crypto economy. The combination of a robust tokenomic and a unique value proposition indicates that the DRC is here to stay. However, to achieve global adoption, more people need to become familiar with DRC and Digital Reserve vaults.
The trajectory of a DRC from negligible awareness to global adoption is unlikely to be linear. Nurov mentioned that his concern is that some DRC token holders are focusing exclusively on price action. He hopes that over time, the perception of the DRC will focus more on the long-term value proposition and less on short-term performance.
The power of the DRC is that no one can overtake it, control it or change it. The DRC token is fully developed and operational. The DRC smart contract has been audited and cannot be changed. The decentralized digital reserve platform operates completely autonomously. Because of these unique characteristics, DRC may become one of the most decentralized and compliant projects in the crypto space.
Brand: RDC Foundation
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THE SOURCE: RDC Foundation