[ANN] Darcrus (DAR) Blockchain Database Startup - Swap from Nxt to Waves Sep 15

[sigwo]

what's the plan / roadmap for Mercury?

Please read in the blog and see some uses for Mercury. There is no 'roadmap' for it, as it is an enabler of Darcrus.

https://blog.darcr.us

[1714996574]

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[1714996574]

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[sigwo]

I like the concept of this project and what you're trying to achieve but I'm a bit confused at the same time. If any of you that have been a part of this project for a while could answer these questions I would very much appreciate it.

Firstly, I don't quite understand where the Darcrus token gets it value from. From what I read in the white paper businesses will have to pay tx fees using Darcrus to use the public blockchain. Will holders of the token get a percentage of the TX fees when people use the public blockchain (Like PoS coins)? If not where do these fees go?
 
Also could you please elaborate on how the buy back and burn system works, what happens when these coins get to a low supply over the years? If businesses need these tokens to pay for transactions fees on the public blockchain, won't it eventually get to the point when the tokens become too expensive for them to buy to make it worthwhile?

Finally, what is the link between Mercury & Darcrus?

Sorry for asking so many questions but you seem to have quite an interesting project going on here so I'd like to try and attempt to understand it better.

Please checkout the FAQ site (https://faq.darcr.us) and the blog (https://blog.darcr.us)

-Firstly, I don't quite understand where the Darcrus token gets it value from.
The Darcrus ICO raised the funds to start Sigwo Technologies. Now Darcrus can be seen as a token representing the value of Sigwo Technologies. 10% of net profits of Sigwo Technologies will be used to buy back and burn Darcrus from the market. (https://faq.darcr.us/content/1/14/en/what-is-the-darcrus-ecosystem-in-a-nutshell.html)

-From what I read in the white paper businesses will have to pay tx fees using Darcrus to use the public blockchain.
There are no fees paid in Darcrus buy the businesses. They pay in fiat for the use of Jupiter, the actual software platform.

-Will holders of the token get a percentage of the TX fees when people use the public blockchain (Like PoS coins)? If not where do these fees go?
No, there are no fees paid in Darcrus.

-Also could you please elaborate on how the buy back and burn system works, what happens when these coins get to a low supply over the years? If businesses need these tokens to pay for transactions fees on the public blockchain, won't it eventually get to the point when the tokens become too expensive for them to buy to make it worthwhile?
Invalid question due to no Darcrus tokens being used as fees.

-Finally, what is the link between Mercury & Darcrus?
One of the products of Sigwo Technologies is to provide a private blockchain for its clients, called Jupiter. There are various fully customizable software packages available for different needs to protect, encrypt and store data on the Jupiter blockchain. However, because it is a private blockchain people could accuse insiders to have modified the data. This is where Mercury shows up. This Waves asset is used to connect the private chain with the public Waves blockchain. Every blockhash of the private blockchain is automatically timestamped to the public one, with Mercury used as transaction fee. This timestamp is used as the public prove nobody modified the data.

So to recap, the power of the Mercury token is its cross-chain capability and the dual-chain provenance for the products being sold. This all results in a continuous circle, because the company needs to buy MER for the dual-chain provenance, miners accept this as fee and may sell it on the market again.
Please read the blog (https://blog.darcr.us)
(https://faq.darcr.us/content/1/14/en/what-is-the-darcrus-ecosystem-in-a-nutshell.html)

I hope this clears things up a bit.

[Jenny Moll]

Okay, thanks, I'll wait for a while.

[sigwo]

Okay, thanks, I'll wait for a while.

(Spilled out of BCT PM)

Yes, you must have the message attached as Bittrex requires. Without it, they cannot automatically credit your account. You must open a ticket with Bittrex and wait through their service ticket system.

[TheAwkwardBrit]

I like the concept of this project and what you're trying to achieve but I'm a bit confused at the same time. If any of you that have been a part of this project for a while could answer these questions I would very much appreciate it.

Firstly, I don't quite understand where the Darcrus token gets it value from. From what I read in the white paper businesses will have to pay tx fees using Darcrus to use the public blockchain. Will holders of the token get a percentage of the TX fees when people use the public blockchain (Like PoS coins)? If not where do these fees go?
 
Also could you please elaborate on how the buy back and burn system works, what happens when these coins get to a low supply over the years? If businesses need these tokens to pay for transactions fees on the public blockchain, won't it eventually get to the point when the tokens become too expensive for them to buy to make it worthwhile?

Finally, what is the link between Mercury & Darcrus?

Sorry for asking so many questions but you seem to have quite an interesting project going on here so I'd like to try and attempt to understand it better.

Please checkout the FAQ site (https://faq.darcr.us) and the blog (https://blog.darcr.us)

-Firstly, I don't quite understand where the Darcrus token gets it value from.
The Darcrus ICO raised the funds to start Sigwo Technologies. Now Darcrus can be seen as a token representing the value of Sigwo Technologies. 10% of net profits of Sigwo Technologies will be used to buy back and burn Darcrus from the market. (https://faq.darcr.us/content/1/14/en/what-is-the-darcrus-ecosystem-in-a-nutshell.html)

-From what I read in the white paper businesses will have to pay tx fees using Darcrus to use the public blockchain.
There are no fees paid in Darcrus buy the businesses. They pay in fiat for the use of Jupiter, the actual software platform.

-Will holders of the token get a percentage of the TX fees when people use the public blockchain (Like PoS coins)? If not where do these fees go?
No, there are no fees paid in Darcrus.

-Also could you please elaborate on how the buy back and burn system works, what happens when these coins get to a low supply over the years? If businesses need these tokens to pay for transactions fees on the public blockchain, won't it eventually get to the point when the tokens become too expensive for them to buy to make it worthwhile?
Invalid question due to no Darcrus tokens being used as fees.

-Finally, what is the link between Mercury & Darcrus?
One of the products of Sigwo Technologies is to provide a private blockchain for its clients, called Jupiter. There are various fully customizable software packages available for different needs to protect, encrypt and store data on the Jupiter blockchain. However, because it is a private blockchain people could accuse insiders to have modified the data. This is where Mercury shows up. This Waves asset is used to connect the private chain with the public Waves blockchain. Every blockhash of the private blockchain is automatically timestamped to the public one, with Mercury used as transaction fee. This timestamp is used as the public prove nobody modified the data.

So to recap, the power of the Mercury token is its cross-chain capability and the dual-chain provenance for the products being sold. This all results in a continuous circle, because the company needs to buy MER for the dual-chain provenance, miners accept this as fee and may sell it on the market again.
Please read the blog (https://blog.darcr.us)
(https://faq.darcr.us/content/1/14/en/what-is-the-darcrus-ecosystem-in-a-nutshell.html)

I hope this clears things up a bit.

Thank you, this definitely helped me make better sense of it.

[Razzeli]

Seems like a good and interesting project, have invested a bit myself. But mostly came to say you might want to fix the typo in the Roadmap ("Doolitte Institute" -> "Doolittle Institute").

[gordob]

Seems like a good and interesting project, have invested a bit myself. But mostly came to say you might want to fix the typo in the Roadmap ("Doolitte Institute" -> "Doolittle Institute").

yeah it is, jump into the slack which is probably the best way to keep informed )

[cerejobastos]

What was ICO price? And what is the max token supply that there will be? The 13mil?

[bearex]

What was ICO price? And what is the max token supply that there will be? The 13mil?

Not sure about the ICO price, but yes, there will be maximum 13 mil coins, plus some are also burned by the sigwo technologies (based on their company profit), so there will be even less than 13 million coins in the future.

[justone123]

Can't wait for this to take off 

[self1sch]

Only question remains, what to buy? DAR or MER? 

[justone123]

Only question remains, what to buy? DAR or MER? 

What kind of question is that? BOTH! 

But for serious, i do hold both of them. I think the mercury has better chances of higher increase though and i do think the risk is pretty low.

[Ergenekon]

Seems like a good and interesting project, have invested a bit myself. But mostly came to say you might want to fix the typo in the Roadmap ("Doolitte Institute" -> "Doolittle Institute").

yeah it is, jump into the slack which is probably the best way to keep informed )

Why must i use slack? here is darcrus official Project Thread.

[justone123]

Well on slack you have direct contact with the developer and enthusiaists who will be willing to tell you more about the project

[Hullo]

Current price are very good for every type of investment medium and long termed. These will not be at this floor for long time and soon we will be watching them 2X multiplied. Since project is going through development the value has lot of space for expansion gradually. You can divide your investment into two parts to get maximum juice out of the fruit doing so.

[justone123]

Yeah i believe the same the project is really nice and it could easily double in valuation 

[marcus1986]

As I said earlier, many people haven't yet realized the true value and potential of Mercury. And when it will happen they will buy at prices many times higher than today.

[justone123]

Well most people are bag holders just following the trends.

I always recommend people to do their own research and find intresting projects, and not those that already gained 2000%. Try finding ones that have potential to gain as much instead!

[justone123]

Read more about Darcrus on the blog:
https://blog.darcr.us/

[DutchCoiner]

Read more about Darcrus on the blog:
https://blog.darcr.us/

Looks interesting, thanks for sharing with us.