Pure, Decentralized DeFi: Digital Reserve Currency
The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
Now that the cryptocurrency market is bouncing back from a vicious selloff earlier this year, it might be a great time to explore some of the more innovative tokens that could be flying under the radar for many investors.
For example, Digital Reserve Currency (DRC) stands out as an intriguing opportunity for both experienced crypto enthusiasts and newcomers to the crypto market alike.
The token was created to become a decentralized store of value with a limited supply and a zero inflation rate, which is certainly interesting given how the Federal Reserve has kept interest rates at historically low levels for so long now.
Since 100% of the total DRC supply has already been issued to the Uniswap market without the possibility of additional tokens being created further down the road, the coin has the potential to become a legitimate hedge against inflation.
It’s also backed by a portfolio of the most efficient store of value assets, including gold, Bitcoin and the U.S. dollar, if users deposit DRC into the Digital Reserve Vaults.
There are a total of 1 billion indivisible DRC tokens in circulation and the token has an exchange-traded fund (ETF)-style Vault system that users can check out to access a range of traditional store of value assets.
Digital Reserve Currency was created during the COVID-19 crisis and developed by Maxim Nurov, banking lawyer and investment professional.
Perhaps the most attractive quality of this cryptocurrency is the fact that it has been, since its inception, a decentralized, community-driven ecosystem.
DRC has a fully decentralized voting platform where its holders can vote on changes through token-weighted voting, an absolute must for governance procedures in the current cryptocurrency arena.
There’s also the DRC Foundation for DRC holders to explore, which is a nonofficial, community-led organization that is intended to advocate for the coin’s ecosystem and help to facilitate its adoption all over the world. Recent grant proposals include the funding of a printing press in Benue State, Nigeria, to propagate the DRC ethos in the local area.
With Consumer Price Index reports coming in hot month after month, and valid questions about just how long it will be before the Federal Reserve has to taper its asset purchases, the need for a decentralized token economy is quite evident now.
Regardless of what your stance is on whether inflation is transitory, it’s easy to recognize the potential of a cryptocurrency that could potentially be a good store of value over the long term.
Make sure to check out the Digital Reserve Currency website for more information about DRC and what makes this cryptocurrency stand out.
Photo Credit geralt @ Pixabay
The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
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