[ANN] [IMO] DRC - a closed private tokenized membership club

[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

Website  |  White Paper | Technical White Paper |  Twitter  | Facebook  | Reddit

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.e. 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.e. 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!

[1715249749]

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[dovoson]

So what exactly do you get as benefits if you become a member of this private club by purchasing some tokens, I did not get what are the actual benefits for members?

[DRC]

The access to the exclusive club ecosystem facilities.

[KillyGon]

any bounty dev
i want reserve indonesian translation if you need

[DRC]

So what exactly do you get as benefits if you become a member of this private club by purchasing some tokens, I did not get what are the actual benefits for members?

Each owner of an electronic wallet holding at least 1DRC is a member of the Diamond Reserve Club and has rights, privileges and is entitled to benefits according to his or her membership level - the more tokens, the higher the membership level (see the DRC Membership Agreement for full details).The Club members enjoy the best of the physical world: meticulously vetted exclusive business propositions, VIP travel, recreation, and relaxation accommodations, lavish Club events, insider discounts from partners and members-only specials from the fellow members of the Club ecosystem.

[ToryTompson]

Max Zaslavskiy has the same team as before?  Are there some modifications, or not?
Because the results are also depended on it

[Jake Roberson]

Is there any opportunities to make an investment from wire transfer instead of using credit card?

[casey.anthony195]

Does the 15% discount apply to all initially offered coins, or do I basically have to hurry a lot?

[karasuri]

the cost of diamonds is falling, it will somehow affect to the cryptocurrency?

[karasuri]

Max Zaslavskiy has the same team as before?  Are there some modifications, or not?
Because the results are also depended on it

i hope they has the same team because they do great job with REcoin despite what happened with laws and etc. REcoin was good idea and easy buying and selling cryptocurrency what most important for me

[karasuri]

oh i has one more q

if drc private club then all the other part of idea will also be private?

[helga22richter]

So what exactly do you get as benefits if you become a member of this private club by purchasing some tokens, I did not get what are the actual benefits for members?

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.

[helga22richter]

Max Zaslavskiy has the same team as before?  Are there some modifications, or not?
Because the results are also depended on it

i hope they has the same team because they do great job with REcoin despite what happened with laws and etc. REcoin was good idea and easy buying and selling cryptocurrency what most important for me

I fully agree with you. Max Zaslavskiy team have a great expirience in crypto world.

[helga22richter]

Have you already read DRC Whitepaper? http://drc.network/

[_Mirena_]

Will the minimum number of coins (for joining this club) be changed?

[_Mirena_]

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).
Does this mean that diamonds will be kept by the third persons?

[_Mirena_]

Where will the meetings be held for the members of the club?

[ToryTompson]

So what exactly do you get as benefits if you become a member of this private club by purchasing some tokens, I did not get what are the actual benefits for members?

10% as a minimum!

[ToryTompson]

Where will the meetings be held for the members of the club?

Yeah! Also interested in this question:)
Don't want to miss meetings

How often will these meetings be held?

[iungonetwork]

Initial Membership Offering (IMO) that's a new concept!

[ToryTompson]

the cost of diamonds is falling, it will somehow affect to the cryptocurrency?

I don't think so because if diamonds are falling, the founders won't do such advertising campaigns

[casey.anthony195]

the cost of diamonds is falling, it will somehow affect to the cryptocurrency?

I don't think so because if diamonds are falling, the founders won't do such advertising campaigns

How can diamonds fall, this is literally the most stable asset, with solid, immovable value!

[Jake Roberson]

the cost of diamonds is falling, it will somehow affect to the cryptocurrency?

I don't think so because if diamonds are falling, the founders won't do such advertising campaigns

How can diamonds fall, this is literally the most stable asset, with solid, immovable value!

U'r 100% right with your thoughts as the diamonds' non-liquid dimension remains growing its trust.

[digaran]

Damn all of a sudden a bunch of newbies asking constructive questions like it's an international and interstellar space project. pussies man I want to jump pussies in my private club, can I have the benefits of this club as opportunities to jump pussies or not? maybe you want to jump them too and that's why you are here fooling people with your closed pussy sized membership club. 382 lol non stop.

[helga22richter]

Where will the meetings be held for the members of the club?

Yeah! Also interested in this question:)
Don't want to miss meetings

Have you already registered?

[helga22richter]

Damn all of a sudden a bunch of newbies asking constructive questions like it's an international and interstellar space project. pussies man I want to jump pussies in my private club, can I have the benefits of this club as opportunities to jump pussies or not? maybe you want to jump them too and that's why you are here fooling people with your closed pussy sized membership club. 382 lol non stop.

This is just the beginning for this club. Why do you react so negatively? A lot of new projects appeared on the world market

[helga22richter]

The DRC club's ecosystem is defined by the network of interactions among members in tokenized digital environment, therefore it's unlimited in physical space and zones of influence.  What else can you say about DRC ecosystem ?

[_Mirena_]

What are online and offline access platforms? How can I enter this platforms? O.o

[CRYPTOKILLA666]

Damn all of a sudden a bunch of newbies asking constructive questions like it's an international and interstellar space project. pussies man I want to jump pussies in my private club, can I have the benefits of this club as opportunities to jump pussies or not? maybe you want to jump them too and that's why you are here fooling people with your closed pussy sized membership club. 382 lol non stop.

This is just the beginning for this club. Why do you react so negatively? A lot of new projects appeared on the world market

lol.this I can call "let me sreak from my heart"
someone has bad nerve system

[ToryTompson]

Damn all of a sudden a bunch of newbies asking constructive questions like it's an international and interstellar space project. pussies man I want to jump pussies in my private club, can I have the benefits of this club as opportunities to jump pussies or not? maybe you want to jump them too and that's why you are here fooling people with your closed pussy sized membership club. 382 lol non stop.

On my mind we just are seeking of new ways of income

[ToryTompson]

Where will the meetings be held for the members of the club?

Yeah! Also interested in this question:)
Don't want to miss meetings

Have you already registered?

not yet, Helga
what about you? 

[ToryTompson]

Damn all of a sudden a bunch of newbies asking constructive questions like it's an international and interstellar space project. pussies man I want to jump pussies in my private club, can I have the benefits of this club as opportunities to jump pussies or not? maybe you want to jump them too and that's why you are here fooling people with your closed pussy sized membership club. 382 lol non stop.

This is just the beginning for this club. Why do you react so negatively? A lot of new projects appeared on the world market

BTC also didn't have his popularity at the beginning
agree with your thoughts!

[helga22richter]

Where will the meetings be held for the members of the club?

Yeah! Also interested in this question:)
Don't want to miss meetings

Have you already registered?

not yet, Helga
what about you? 

I had invested in RECoin, so I became a member of DRC automatically

[helga22richter]

Damn all of a sudden a bunch of newbies asking constructive questions like it's an international and interstellar space project. pussies man I want to jump pussies in my private club, can I have the benefits of this club as opportunities to jump pussies or not? maybe you want to jump them too and that's why you are here fooling people with your closed pussy sized membership club. 382 lol non stop.

This is just the beginning for this club. Why do you react so negatively? A lot of new projects appeared on the world market

BTC also didn't have his popularity at the beginning
agree with your thoughts!

This is what I said.
 But it doesn't matter. Each idea has haters

[helga22richter]

the cost of diamonds is falling, it will somehow affect to the cryptocurrency?

I don't think so because if diamonds are falling, the founders won't do such advertising campaigns

As I know, diamonds are quite stable now

[karasuri]

the cost of diamonds is falling, it will somehow affect to the cryptocurrency?

I don't think so because if diamonds are falling, the founders won't do such advertising campaigns

As I know, diamonds are quite stable now

the price is falling, you can find a lot of information about this

[casey.anthony195]

the cost of diamonds is falling, it will somehow affect to the cryptocurrency?

I don't think so because if diamonds are falling, the founders won't do such advertising campaigns

As I know, diamonds are quite stable now

the price is falling, you can find a lot of information about this

Could you provide us a link which would prove that the price of diamonds is actually falling?

[_Mirena_]

Where will the meetings be held for the members of the club?

Yeah! Also interested in this question:)
Don't want to miss meetings

Have you already registered?

not yet, Helga
what about you? 

I had invested in RECoin, so I became a member of DRC automatically

I think almost all people here were ReCoin investors 

[rudddenko.marina]

Where will the meetings be held for the members of the club?

Yeah! Also interested in this question:)
Don't want to miss meetings

How often will these meetings be held?

I think the club should include much more members, first.

[helga22richter]

Where will the meetings be held for the members of the club?

Yeah! Also interested in this question:)
Don't want to miss meetings

Have you already registered?

not yet, Helga
what about you? 

I had invested in RECoin, so I became a member of DRC automatically

I think almost all people here were ReCoin investors 

I think so, and that's great, cause we can discuss different important moments

[helga22richter]

High liquidity is an important advantage of DRC. How can we use this advantage?

[helga22richter]

the cost of diamonds is falling, it will somehow affect to the cryptocurrency?

I don't think so because if diamonds are falling, the founders won't do such advertising campaigns

As I know, diamonds are quite stable now

the price is falling, you can find a lot of information about this

Where? Can you send me a link?

[ToryTompson]

when I can get my bonus percents?

[ToryTompson]

High liquidity is an important advantage of DRC. How can we use this advantage?

as we know from White Paper, there are four ways of taking that advantage:
● by doing business on token exchanges and with Diamond Reserve Club-friendly ecommerce
organizations;
● by using smart contracts for transactions calculated in DRC;
● through active members of the community in the Diamond Reserve Club ecosystem and
the creation of DRC sidechains;
● by exchanging tokens for the DRC member services, with the profit from these services
invested 100% into the DRC value.

Were you seeking of this information?

[ToryTompson]

Where will the meetings be held for the members of the club?

Yeah! Also interested in this question:)
Don't want to miss meetings

Have you already registered?

not yet, Helga
what about you? 

I had invested in RECoin, so I became a member of DRC automatically

I think almost all people here were ReCoin investors 

I think so, and that's great, cause we can discuss different important moments

and be at the same Club 

[karasuri]

the cost of diamonds is falling, it will somehow affect to the cryptocurrency?

I don't think so because if diamonds are falling, the founders won't do such advertising campaigns

As I know, diamonds are quite stable now

the price is falling, you can find a lot of information about this

Could you provide us a link which would prove that the price of diamonds is actually falling?

that's not news what about i talk but good too http://fortune.com/2017/08/29/gold-and-diamond-prices-charts/

in august price little bit fall, so it is not stable as many of users here loud.

[CRYPTOKILLA666]

High liquidity is an important advantage of DRC. How can we use this advantage?

as we know from White Paper, there are four ways of taking that advantage:
● by doing business on token exchanges and with Diamond Reserve Club-friendly ecommerce
organizations;
● by using smart contracts for transactions calculated in DRC;
● through active members of the community in the Diamond Reserve Club ecosystem and
the creation of DRC sidechains;
● by exchanging tokens for the DRC member services, with the profit from these services
invested 100% into the DRC value.

Were you seeking of this information?

I was seeking thnk by the way

[KathPine]

Where will the meetings be held for the members of the club?

Yeah! Also interested in this question:)
Don't want to miss meetings

How often will these meetings be held?

I think the club should include much more members, first.

but how much do you think the members of the club should be?

[liliiaolivia2017]

So what exactly do you get as benefits if you become a member of this private club by purchasing some tokens, I did not get what are the actual benefits for members?

as for me the most important benefits its 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.

[liliiaolivia2017]

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

Website  |  White Paper | Technical White Paper |  Twitter  | Facebook  | Reddit

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.e. 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.e. 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!

If I understand correctly, membership signs give a member access to all of his or her appropriate membership levels, by what means is it done and is there any guarantee?

[liliiaolivia2017]

for me, the argument is how well-thought-out if the money collected during the ICO does not correspond to the minimum funds required by the firm, money is returned to the supporters, and the ICO is considered unsuccessful, but during IMO there is no minimum requirement for capital to consider it successful. As soon as one person joins the exclusive Diamond Reserve club with the purchase of one DRC, the Club is a success

[Bexter]

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

Website  |  White Paper | Technical White Paper |  Twitter  | Facebook  | Reddit

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.e. 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.e. 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!

http://drc.network/

[serhishulak]

why i should joining it? what benefits it give to me?

[liliiaolivia2017]

Max Zaslavskiy has the same team as before?  Are there some modifications, or not?
Because the results are also depended on it

I agree, what I found out while I'm quite happy. Membership tokens grant a member access to all of his or hers respective membership levels (according to the average number of tokens used per month)

[liliiaolivia2017]

Tell me someone about protection of the DRC?

[liliiaolivia2017]

when I can get my bonus percents?

The more tokens a member possesses - the higher is their membership level, and, in turn, the more benefits, discounts, and members-only offers they receive. So, it's will be your bonus

[KathPine]

for me, the argument is how well-thought-out if the money collected during the ICO does not correspond to the minimum funds required by the firm, money is returned to the supporters, and the ICO is considered unsuccessful, but during IMO there is no minimum requirement for capital to consider it successful. As soon as one person joins the exclusive Diamond Reserve club with the purchase of one DRC, the Club is a success

but in the opposite case? If you do not join?

[Bexter]

So what exactly do you get as benefits if you become a member of this private club by purchasing some tokens, I did not get what are the actual benefits for members?

First, you will be taught how to make money and make a profit. Secondly, all information about the ownership of the members' tokens is stored on the blockchain - a cryptographically protected and distributed among all club members database. This ensures the absolute safety of your investments.

[darkenedsoul]

When does the IMO start? 1 DRC - Membership? What algo are you using for the coin?

[serhishulak]

Do I understand correctly that I can become a member of the club even with one token but to get into the private club I need a more tokens?

[KathPine]

Do I understand correctly that I can become a member of the club even with one token but to get into the private club I need a more tokens?

yes, I think you are right. Well, this is definitely my opinion, it seems to me that somebody else has to confirm

[Bexter]

oh i has one more q

if drc private club then all the other part of idea will also be private?

what exactly are you asking??

[serhishulak]

Do I understand correctly that I can become a member of the club even with one token but to get into the private club I need a more tokens?

yes, I think you are right. Well, this is definitely my opinion, it seems to me that somebody else has to confirm

wow lol i read about it on the reddit from one guy. look like truly, will wait for answer

[liliiaolivia2017]

why i should joining it? what benefits it give to me?

It's your choise. I prefer it because it's really high level of secure and discount. The more tokens a member possesses - the higher is their membership level, and, in turn, the more benefits, discounts, and members-only offers they receive

[liliiaolivia2017]

So what exactly do you get as benefits if you become a member of this private club by purchasing some tokens, I did not get what are the actual benefits for members?

First, you will be taught how to make money and make a profit. Secondly, all information about the ownership of the members' tokens is stored on the blockchain - a cryptographically protected and distributed among all club members database. This ensures the absolute safety of your investments.

I agree, safety is now important, given how important it is to be insured against hacker hacking

[liliiaolivia2017]

Do I understand correctly that I can become a member of the club even with one token but to get into the private club I need a more tokens?

I guess so

[CHMEX]

https://techcrunch.com/2017/09/29/the-sec-has-charged-two-initial-coin-offerings-with-defrauding-investors/

The SEC has charged two initial coin offerings with defrauding investors
 DRC is mentioned

[R.Hasan]

The U.S. Securities Exchange Commission charged DRC World with fraud. Common sense should be enough to smell a scam.

Cheap money grab!

[B. Hodler]

CryptoPR called it 3 months ago:

The Securities and Exchange Commission today has charged both a diamond and a real estate initial coin offering scheme with defrauding investors.

REcoin, which promoted itself as the first cryptocurrency-backed real estate company and DRC World, a diamond company, are owned by businessman Maksim Zaslavskiy. In a statement, the SEC accuses Zaslavskiy of selling unregistered securities and coins that don’t exist to unsuspecting investors under these companies.

Zaslavskiy allegedly told these investors they could expect “sizeable returns” from each operation, all the while misstating how their money would be invested and misrepresenting how much had already been invested, according to the SEC.

The U.S. government has since obtained an emergency court order to freeze Zaslavskiy’s and his companies’ assets.

Though these appear to be the first initial coin offerings, or ICO’s, to come under fire for fraud, they certainly won’t be the last.

As New York Times columnist Kevin Roose so aptly described the nature of ICO’s, “Imagine that a friend is building a casino and asks you to invest. In exchange, you get chips that can be used at the casino’s tables once it’s finished. Now imagine that the value of the chips isn’t fixed, and will instead fluctuate depending on the popularity of the casino, the number of other gamblers and the regulatory environment for casinos. Oh, and instead of a friend, imagine it’s a stranger on the internet who might be using a fake name, who might not actually know how to build a casino, and whom you probably can’t sue for fraud if he steals your money and uses it to buy a Porsche instead. That’s an I.C.O.”

Obviously, the SEC can still prosecute for fraudulence. The government agency has also been worried about ICO’s, recently warning the public by issuing an investor alert in July, telling potential investors to be wary of unsolicited offers and unbelievable claims such as high returns.

“Investors should be wary of companies touting ICOs as a way to generate outsized returns,” SEC spokesperson Andrew M. Calamari followed up in the statement out today. “As alleged in our complaint, Zaslavskiy lured investors with false promises of sizeable returns from novel technology.”

[B. Hodler]

from the SEC website:

Press Release
SEC Exposes Two Initial Coin Offerings Purportedly Backed by Real Estate and Diamonds

FOR IMMEDIATE RELEASE
2017-185

Washington D.C., Sept. 29, 2017?

The Securities and Exchange Commission today charged a businessman and two companies with defrauding investors in a pair of so-called initial coin offerings (ICOs) purportedly backed by investments in real estate and diamonds.

The SEC alleges that Maksim Zaslavskiy and his companies have been selling unregistered securities, and the digital tokens or coins being peddled don't really exist. According to the SEC's complaint, investors in REcoin Group Foundation and DRC World (also known as Diamond Reserve Club) have been told they can expect sizeable returns from the companies' operations when neither has any real operations.

Zaslavskiy allegedly touted REcoin as "The First Ever Cryptocurrency Backed by Real Estate."  Alleged misstatements to REcoin investors included that the company had a "team of lawyers, professionals, brokers, and accountants" that would invest REcoin's ICO proceeds into real estate when in fact none had been hired or even consulted. Zaslavskiy and REcoin allegedly misrepresented they had raised between $2 million and $4 million from investors when the actual amount is approximately $300,000.

According to the SEC's complaint, Zaslavskiy carried his scheme over to Diamond Reserve Club, which purportedly invests in diamonds and obtains discounts with product retailers for individuals who purchase "memberships" in the company. Despite their representations to investors, the SEC alleges that Zaslavskiy and Diamond have not purchased any diamonds nor engaged in any business operations. Yet they allegedly continue to solicit investors and raise funds as though they have.

The SEC obtained an emergency court order to freeze the assets of Zaslavskiy and his companies.

The SEC's Office of Investor Education and Advocacy recently issued an investor alert warning about the risks of ICOs.

"Investors should be wary of companies touting ICOs as a way to generate outsized returns," said Andrew M. Calamari, Director of the SEC?s New York Regional Office. "As alleged in our complaint, Zaslavskiy lured investors with false promises of sizeable returns from novel technology."

The SEC's complaint, filed in federal district court in Brooklyn, N.Y., charges Zaslavskiy, REcoin, and Diamond with violations of the anti-fraud and registration provisions of the federal securities laws. The complaint seeks permanent injunctions and disgorgement plus interest and penalties. For Zaslavskiy, the SEC also seeks an officer-and-director bar and a bar from participating in any offering of digital securities.

The SEC's investigation, which is continuing, has been conducted by Jorge Tenreiro, Pamela Sawhney and Valerie A. Szczepanik. The case is being supervised by Lara S. Mehraban. The SEC encourages victims of the alleged fraud to contact Ms. Szczepanik at (212) 336-1100.