Latest posts of: DRC

Diamond Reserve Club is a closed private tokenized membership club. The information about ownership
and transfer of membership tokens is stored on the blockchain, which is a distributed among all members of the Club.

Official sources

IMO ends Oct 09 2017

Discount scheme:
• First 10,000,000 DRC – discount of 15%, 1DRC = $0.85.
• Next 15,000,000 DRC – discount of 12%, 1DRC = $0.88.
• Next 20 000 000 DRC – discount of 9%, 1DRC = $0.91.
• Next 25 000 000 DRC – discount of 6%, 1DRC = $0.94.
• Next 30 000 000 DRC – discount of 3%, 1DRC = $0.97.
• Subsequent sale of tokens will be at the following rate – 1DRC = $1.

ABOUT DIAMOND RESERVE CLUB

The DRC is a Business Club which is founded and self-financed by the humanitarian, philanthropist, and entrepreneur Max Zaslavskiy is the answer to the question of exclusivity in the ever-widening tokenized membership pool. It only took a few years for the world to go mad for crypto and it’s time to refine the offer in such a way that will separate toy-tokens from digital entities that provide DRC members with the real right of access to the most modern, most timely, most useful benefits.

The basis for the Diamond Reserve Club tokenized membership is the ownership of Diamond Reserve Coin (DRC), which is hedged by physical diamonds. The DRC will allow investors to convert their currency and savings into stable inflation-proof digital entity. By acquiring at least 1 DRC you will claim the membership in the exclusive Diamond Reserve Club (DRC) with privileges such as access to the blockchain transactional databases. The more tokens you own, the greater access you will have to the exclusive offerings of our partners.

As you keep climbing the token ladder, you'll get access to the rest of the DRC ecosystem, unlock all platforms and gain access to exclusive listings, and be able to take full advantage of such highly sought-after digital products as smart contracts, and pay for them with your newly acquired autonomous digital financial instrument - the Diamond Reserve Coin. All in complete and utter anonymity.

Stated clearly, the goals of the DRC Business Club are:

- to offer unique opportunities and benefits to Diamond Reserve Club Members;
- to indefinitely prolong the lifespan and development of the Diamond Reserve Coin to increase its liquidity, visibility, enhance its credibility worldwide;
- to propagate the DRC as a new blockchain based proprietary instrument for a variety of financial transactions, database and listings creation;

The Diamond Reserve Club reserves the right to carry out all necessary actions with the aim of creating and developing the DRC image, and supporting its reputation by carefully screening each DRC member. Such actions include:

- Hedging DRC membership tokens by physical diamonds;
- Creation and development the Diamond Reserve Club’s infrastructure;
- Organization of private and club events, seminars and gatherings for DRC members;
- Pursuit of partners and service packages to the DRC Members;
- Consulting services to DRC members;
- Evaluation and admission of affiliate partnerships into the DRC ecosystem;
- Prequalification and audit of applications for the creation of DRC sidechains;
- Development of technological solutions improving the DRC software as well as further enhancement of the blockchain;
- Development of new templates for smart contracts;
- Involvement in all charitable, legal, social, and socio-economical aspects of the DRC community life;
- Promotion and support of the Diamond Reserve Club and enforcing compliance with Club’ bylaws, Membership Rules and Regulations;

IMO VS. ICO

Max Zaslavskiy: Diamond Reserve Club is tokenized using a new instrument for inviting public participation - Initial Membership Offering (IMO).

The Initial Membership Offering (IMO) is a brand new instrument of facilitating tokenized membership in a digital community or a club. The IMO as a new instrument for inviting public participation was conceived and tested by philanthropist and entrepreneur Max Zaslavskiy during the creation of the exclusive Diamond Reserve Club with tokenized membership, and the results are more than promising.

Although, IMO appears to be similar to ICO or IPO, the similarities are scarce, if not nonexistent. Here are some of the most important differences between ICO and IMO:

- ICO is an unregulated means by which funds are raised for a new cryptocurrency venture, whereas IMO is an invitation. Essentially, rather than being a crowdfunded venture, Diamond Reserve Club is a service hub created for presenting the DRC (Diamond Reserve Coin) token holders with unique opportunities attainable through tokenized membership.

- ICO is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. During an IMO, however, VCs are invited to join the Diamond Reserve Club on equal rights with everybody else, starting with 1 DRC. Although, since the exclusive Diamond Reserve Club is all about the right of access, the interested VCs and investors may (and are actually encouraged to do so) increase the amount of DRCs they own to move up to a membership level suitable to them.

- In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies. During an IMO tokens are also sold, but the end goals of ICO and IMO are polarly different. ICO is poised at raising enough capital to start a public enterprise, whereas IMO is an invitation to join a multilevel tokenized membership club with its bylaws, membership statute, and dues paid in DRC.

- During an ICO coins (tokens) are similar to shares of a company sold to investors in an Initial Public Offering (IPO) transaction. IMO does not offer shares in a company. Having joined the exclusive Diamond Reserve Club through its IMO, you become part of a community with exclusive access to an astonishing amount of Club benefits. Plus, your right of access to these benefits is insured through ownership of Diamond Reserve Coin hedged by physical diamonds.

- If the money raised during an ICO does not meet the minimum funds required by the firm, the money is returned to the backers and the ICO is deemed to be unsuccessful. -
But, during an IMO there’s no minimum capital requirement to deem it successful. Once a single person joins the exclusive Diamond Reserve Club with a purchase of a single DRC, the Club is a success!

- Early investors are usually motivated to participate in ICOs in hopes that the success following the launch will translate to a higher cryptocoin value. With the Diamond Reserve Club’s IMO it’s the other way around: even if a member owns a single DRC token, the benefits of the membership in the Club are so apparent and useful that a member becomes eager to climb the token ladder to broaden the range of opportunities available to him or her, unlock access to more online and offline platforms, get greater discounts and specials, henceforth increasing the value of the DRC token as a whole.

- A stake of the startup or company is sold to raise money for the entity’s operations during an ICO. But the Diamond Reserve Club already exists. During an IMO there’s no need in raising additional capital by selling off stakes and shares - the Club is already in place, it’s working, it’s a live-and-breath mechanism ready to start unlocking benefits for the Club members. The purpose behind the IMO is not fundraising, it’s to let the public know that the invitation to join the Diamond Reserve Club is on the table.

- Because ICOs are not regulated, funds that are lost due to fraudulent initiatives may never be recovered. However, the Diamond Reserve Club membership token - DIamond Reserve Coin - is hedged by physical diamonds, to ownership of which you have all proper documentation securely stored on the Club’s blockchain. Think of the DRC as an unbreakable bridge significantly shortening the distance between you and the vault where you keep your treasure.

The Diamond Reserve Club is tokenized via the IMO through Diamond Reserve Coin, which is a token hedged by physical diamonds insured for their full value and stored in secure locations in the United States (this way they are not susceptible to any government manipulations). The DRC token is powered by blockchain technology, offering club members a superior alternative to storing value in fiat currencies as well as the unprecedented level of tokenized membership benefits.

Mining

The process of DRC mining is set up so that it remains attractive for miners while ensuring the DRC platform’s earning potential for all Club members and is likened to Ethereum and Bitcoin mining processes. The miners’ compensation for block completion is compiled of a share in the annual token emission (15%) and a transaction commission included in the block (85%).

In total, 100 billion DRC will be issued, limiting the process to 30 years. The miners’ share will be 15 billion DRC.
The issue of tokens for the first year will be close to 9.5% of the planned emission for 30 years, i.е. in the first year, miners will earn almost 1.5 billion DRC. Then the issue of tokens and the payment for mining will gradually decrease year by year: every year the reward for the block will be 1.1 times less.
For miners, the cost of closing one block at a frequency of 1 block in 21s for the first year is 963 DRC, i.е. almost $1000 at the presale rate; Ethereum today boasts the same formula. In the future, this equivalent is predicted to only grow.** The cost of closing one block depends on the protocol supported by Ethereum and the block completion frequency. The determining factor is the total amount of tokens issued annually, which is embedded in the DRC code.

The number of new tokens created by the system at the time of the block completion is embedded in the code and is not subject to change for a year. The specific value of this quantity is the ratio of the total amount of tokens intended for emission in the current year to the total number of blocks. The total number of blocks, in turn, is determined by the frequency of their creation, prescribed in the Etherium supported protocol.

It is assumed, however, that as a result of DRC's significant increase in popularity and its inherent convenience as an alternative financial instrument, by the end of the 30-year emission period the share of emitted coins in the calculation of the mining fee will be less than the voluntary transaction commission or close to 50 DRC. This will determine the stability of the system after the termination of the emission.

DRC smart contracts

As one of its most important features, DRC utilizes smart contracts based on Ethereum, the most widely used secure smart-contract platform. Some of the templates that will be created for DRC members will include:

- Rental / Lease agreements
- Mortgage purchase contracts
- Delayed payment contract (Net30, Payment on Delivery, etc.)
- Financing with/without interest (90 days no interest, 36 month, etc.)

Financing

The Diamond Reserve Club is financed by 7,5% of the transaction commission, which the Diamond Reserve Club members designate voluntarily for various operations with membership tokens on the DRC blockchain.

The funds are then used to pay the Diamond Reserve Club expenses related to its activities: promotion and support of DRC, organizing various events, provision of the worldwide Club’s infrastructure including co-workings, sport clubs, hotels, real estate, restaurants, clubs, air travel and other modes of transportation, consulting, promotion and audit for member businesses, office management, maintenance costs, salaries, legal fees, marketing expenses, and IT infrastructure.

There, you have it. DRC is ready for you. Are you ready for it? Join the Diamond Reserve Club and let’s prosper together!