AMA Theme : Introduce Digital Reserve Currency
Date : 8th January 2021
Venue : Crypto Expert Organization
Spokesman : Mr. Josh | CEO
SEGMEN 1 : INTRODUCE
Crypto Expert
Organization:
@JBate7 Hello sir are you ready
Mr. Josh:
Hey Sazami!
Nice to be here :)
Crypto Expert
Organization:
I am also happy to meet you, Mr. Josh and thank you for
taking the time to attend this AMA event
Okay, sir, before we start the first session, I want to ask
a little about your background and the experiences you have felt While in
DIGITAL reserve currency
Mr. Josh:
Okay sure! Well, my background is in marketing and working
with cryptocurrency projects to help them reach more global audiences. I live
and work in China but am originally from England!
Since being a Representative at Digital Reserve Currency i
have felt some lows, some highs, and a real sense of pride as the project has
continued to grow each and every week. Not
just the project's growth, but the amazing community that is helping us
to achieve such results
Crypto Expert
Organization:
So there have been many extraordinary experiences since you
were in DRC, sir 💪. There must be a lot
of interesting and tense things in the real world of Curency
Mr. Josh:
There certainly is 😂
Crypto Expert
Organization:
Okay, sir, here I will start the first session, yes, those
are the 5 questions that I have prepared for the DRC project, sir, I hope you
can answer and tell the community 👏👏👏
Mr. Josh:
Ready 🤝
Crypto Expert
Organization:
First Question.
Could you explain a little about Digital Reserve Currency? and what Is
make it different From another Project?
Mr. Josh:
Digital Reserve Currency was designed to become a
decentralized digital store of value (SoV) with a limited supply and a zero
inflation rate.
DRC is a monetary experiment conducted with the purpose of
finding out how the global economic recession and the increasing demand for
decentralized financial instruments may affect its global adoption and usage.
DRC is intending to become a globally adopted Store of
Value, for people all over the world to use. Including those from developing
nations who experience monetary issues within their local financial systems
for example, inflation, restrictions on trade, corruption
and other such issues
One essential thing that makes us different is that the
project is fully decentralized and managed by the DRC community and the DRC
Foundation.
No one person has control, no bosses have power. It is run
by the community, for the community
Crypto Expert
Organization:
•:Very cool, Mr. Josh DRC,
explanation of DRC and the difference from other projects is very visible,
starting from for everyone to from the community to the community
Crypto Expert Organization friends pay attention to DRC
because this is a project that will be a perfect project for us in the future
Okay, I will continue to the next question, Mr. Josh.
Mr. Josh:
Sure thing
Crypto Expert
Organization:
Second Questions.
What features does the Digital
Reserve Currency have? Is this feature different from other projects?
Mr. Josh:
The token name is $DRC (Digital Reserve Currency) and it’s
currenty utility is as a Store of Value.
A little note about the token: The token is fully
operational and No tokens were ever premined and no more tokens will ever be
minted. The token distribution model is innovative as there was no ICO/IEO.
100% of the token supply was issued at Uniswap decentralized exchange.
As you can see, the token and the project are the same. The
project IS the token.
The current utility of the token is to hold it and experience
the growth that comes with increased adoption, helped by community outreach
efforts and the network effect.
Additionally, according to our roadmap at
drcglobal.org/#roadmap , we will release the Digital Reserve within the Q1 of
2021. DRC is they key that allows you to access this service
One of the key differences is this: No tokens were ever
premined and no more tokens will ever be minted.
There are 1billion tokens in circulation and there will
never be anymore. This is fixed forever. So the value you see now is the only
possible value, no dilution from farming or anything else
Crypto Expert
Organization:
ok sir, here are the questions that I often ask in the many
AMAs that we live.
Third question.
What are the benefits we get from buying and holding $DRC?
Mr. Josh:
The current benefits can be seen from recent price increases
and resistance to drops from the general market. As a Store of Value, the
inherent benefit for a holder is a stable increase in value - a safe place to
store your money
As ETH and BTC have risen and then fallen, DRC has risen or
stayed level.
People believe in its ability to be a real Store of Value
Also, those that provide liquidity to DRC-ETH on uniswap can
experience some real returns on their liquidity provision through the fees
taken from DRC transfers on uniswap
https://www.youtube.com/watch?v=uRQRdlX1kMc&t=10s&ab_channel=DRCFoundation
Here is a tutorial video
Crypto Expert
Organization:
Fourth question.
What achievements has Digital Reserve Currency achieved so far? Then,
what is the next big step for Digital Reserve Currency to take?
Mr. Josh:
Digital reserve has achieved an awful lot since its
inception.
Firstly, as mentioned before, DRC’s entire supply was minted
and listed directly onto uniswap via a 3ETH bootstrapping from the founder
Maxim. There was no presale / premine or holding by the founder.
After this, the market was left to do it’s bidding on DRC,
and after an initial period of quiet, in which very little purchasing occured,
a sudden surge of people found the token, found out about Maxim and the
potential for the Digital Reserve Currency Token.
After an initial period of uncertainty, the community began
to realise that DRC is real, and here to stay over the coming years. Since
then, the growth we have seen has been really amazing. You can see this not
just from the price charts, but from the community size, and the number of DRC
holders.
The future? With the coming release of Digital Reserve, we
anticipate further adoption and more interest from institutional partners. The
next big step is to continue along the path we've already laid
Crypto Expert
Organization:
What kind of ROAD MAP is DRC still running in 2021? For example
bringing in a staking system or something?
Mr. Josh:
You can check our roadmap at drcglobal.org/#roadmap [we are
willing to have some translations made of key documents if the Indonesian
community has a sufficient demand for such a thing]
We plan for increased adoption across the world - more
global communities, including the Indonesian community here: https://t.me/DRCIndonesia
More Innovative community initiatives:
- NFT releases https://t.me/DRC_Announcements/67
- videos, articles https://digitalreservecurrency.medium.com/
- memes https://t.me/DRC_Memes
😂
Importantly, we have the coming Digital Reserve (DR). DR
will allow users to deposit DRC into the Reserve, where it will be sold and
converted into a basket of stable assets (Bitcoin, Gold and USD)
This will allow the user to effectively store their wealth
in a diverse and secure reserve, resistant to inflation and market forces
Crypto Expert
Organization:
All right, sir, thanks for the answers to the 5 questions, I
understand the advantages and uniqueness of DRC which is different from other
projects that have recently circulated a lot of names. FINANCE and ends fraud 😭.
Crypto Expert Organization friends, don't forget to join the
Global DRC and DRC Indonesia communities 👍
Mr. Josh:
Yep. No fraud, no gimmicks. We are open and transparent!
Crypto Expert
Organization:
Yes I believe DRC is a legitimate project from your answer I
see a bright spot
We will enter the second session, yes, those are the five
questions that we have chosen together from Twitter
Are you ready to answer Mr. Josh?
Mr. Josh:
Let's do it 😄
Crypto Expert
Organization:
💪 Looks like your day
was very fun you look excited today
SEGMEN 2 : TWITTER QUESTION
Crypto Expert
Organization:
Q1. From Twitter :
@alej_pacedo
The DRC contract is immutable and is implemented at Ethereum Mainnet
where one billion indivisible DRC tokens are minted. Is this token inflationary
or deflationary? Why have they decided to coin such a large number of tokens?
Is this a of the platform strategy?
Mr. Josh:
The DRC token is naturally deflationary because there will
never be any more than 1billion DRC in existence. As you may know, sometimes in
the cryptosphere some tokens are lost during misplaced transactions, lost
wallet keys or other such human mistakes
Due to this, the DRC supply will only ever decrease
Already, we have had 200,000 DRC sent to a contract address
(which is unrecoverable, forever lost)
This was an intention of the project to ensure stability and
allow investors to securely store their wealth
Great question!
Crypto Expert
Organization:
https://twitter.com/alej_pacedo
I hope you attend this AMA event that was the answer to your
question my friend 💪.
Q2. From Twitter :
@y1sus_afp
100% of DRC's token supply has been included in Uniswap with an
intentionally small market capitalization. What were the reasons for this small
capitalization? How will this allow early users to establish economic exposure
to DRC?
Mr. Josh:
The small initial market capitalisation was designed by the
founder Maxim Nurov to allow the market to have its effect on the DRC token.
The ethos of the project is full decentralisation
By providing a small liquidity and no presale, investors
were free to find DRC and recognise it's utility. The market decides value, DRC
shows this
Crypto Expert
Organization:
The ethos of the project is full decentralization
You understand at that point, my friend, I hope you will
attend this event
Q3. From Twitter :
@ASyahteguh
In January, the DRC plans to continue the development of Digital
Reserves for DRC holders, my question is, what is Digital Reserve? How does
Digital Reserve work? And why should I use Digital Reserve?
previously I just realized our translator has changed 😂
Mr. Josh:
As mentioned above, Digital Reserve (DR) is a platfrom that
allows a user to deposit DRC to have their $ value stored in a basket of stable
assets (Bitcoin, Gold and USD)
You should use DR if you feel that you want to secure your
wealth's value and are worried about the issues or market fluctuations, or
inflation
We hope that DR will be utilised by large institutional
investors who need a secure place to store their wealth
Crypto Expert
Organization:
Hopefully DRC can always be successful, yes sir Josh, the
use of DRC is very interesting and ahhh I can't say anymore 😂
This is a perfect project from your answer I can see it
Q4. From Twitter :
@thanhhoai91
How do you see and your 2-5 years plan for Digital Reserve Currency and
its ecosystem?
Mr. Josh:
Wow! 2-5 years
Crypto Expert
Organization:
It's been a very long time I think I've been holding the
stick sir 😓
Mr. Josh:
Personally, i see Global adoption for DRC as a store of
value. Used in banks, insurance companies, hedge funds and other financial
institutions
Crypto Expert
Organization:
Has it been done Mr. Josh?
I think you've finished your answer?
Mr. Josh:
The next 2-5 years will be a long and prosperous journey for
DRC and whoever is brave enough to join in now, that's all i can say because
the future is so uncertain. As DRC becomes much larger and the community
Foundation (drc.foundation/fund) becomes more wealthy, we anticipate that we
will take part in helping communities around the world to fund projects and
grow their own ecosystems, based on the help of DRC
Crypto Expert
Organization:
Oh it's not finished 😁
Mr. Josh:
hahaha finished!
Crypto Expert
Organization:
Well here is the last question from this twitter session sir
Q5. From Twitter :
@cryptodefi2020
Marketing is a central element for every project so that everyone knows
the potential that a project can bring is vital to achieve the goals set.What
is your strategy to attract new users and Investor to your platform and keep
them long term?
Mr. Josh:
DRC is all about community. The community is what has
allowed us to grow this far already and is what will help us to continue
growing
We will expand our global outreach programme into as many
countries and languages we can
We will enlist help from local people and communiities to
find their own best methods within their countries
All these community efforts are backed by the foundation
Fund (drc.foundation/fund) and people can see real monetary returns based on
their efforts to help DRC grow
Crypto Expert
Organization:
So don't hesitate to ask questions about DRC after this in
the global community and Indonesia DRC for the global you can join here : http://t.me/DigitalReserveCurrency
For Indonesia you can join here : http://t.me/DRCIndonesia
Mr. Josh:
You think you can help DRC grow? then just take the
initiative to help, and maybe you can become a part of the DRC global team...
there are a few success stories already in the DRC community
100% Its great to be a part of this server with you guys.
This is what its all about 🙂
Crypto Expert
Organization:
We are also honored to be able to join DRC, Mr. Josh
Well we will enter the final session where the group will be
opened and the community will ask questions sir
Are you ready to vote and answer?
Mr. Josh:
Ready 😅
Crypto Expert
Organization:
The air in China is very cool I hear that from people who
have been there so I hope you choose it casually while breathing in the
delicious air.
SEGMEN 3 : AMA LIVE
Q1. From @Hendrasico
The Ethereum blockchain is having some problems with its transaction
speed and high gas fee,but why does $DRC token still use Ethereum blockchain?Do
you have any plans to convert to other blockchains?
Mr. Josh:
Its true, the Ethereum blockchain has experienced a lot of
problems recently with high gas fees. The blockchain is almost unusable at time
because of this. However, Ethereum is the king of multi-use blockchains and
will be for years to come. It makes sense to be on it.
Transfer fees will subside as the blockchain sees less
activity and also when ETH2.0 is released, we anticipate the problem to reduce
massively.
Other blockchains? Possibly in the future. The beauty of DRC
is it's simplicity, we are looking long term and are happy to adapt to any
circumstances that may change
Q2. From @toanphamhd
. Back to the past, I wanted to know that, What is your background and
how did you come to the idea to create The project?
Mr. Josh:
Importantly, i do not create the token. Maxim Nurov did. He
did so because of the following reason:
'It was created during the COVID-19 crisis when fiscal and
monetary policies have exposed serious vulnerabilities in the current financial
system. The concept of the Digital Reserve Currency was developed by Maxim
Nurov, founder of Digital Finance, Washington, DC, financial company that
specializes exclusively in the Bitcoin market.'
(from our website drcglobal.org)
https://www.linkedin.com/in/maximnurov/
Q3. From @DANGBAh
Southeast Asia is a very vibrant market and many project developed here
so with your project what do you think about Southeast Asia and do you have any
plan to develop here?
Mr. Josh:
We are very aware of how important SE Asia is, it is growing
and is one of the largest economic areas in the world. Cryptocurrencies are
popular there too and i have personally worked with some great people in this
space from SE Asian countries.
Our plan for adoption and development there is to meet with
local communities such as this, find serious and dedicated people, and give
them the tools and resources they need to produce the network effects in their
own countries
The local people know the local audience the best! It's
smart to get those with the best knowledge involved in all operations
Q4. From @vjaccep
I am Korean? How do you explain your project to my country when I can't
understand your language?
Mr. Josh:
Korea is another extremely important country that DRC is
aiming to reach during the year of 2021. If you are struggling with our
resources being in English, dont worry. As the local communities grow, we plan
to provide full native translations of all language so that it is simple for
everyone to understand DRC.
As mentioned, we are also hoping to employ local people to
help us with outreach, translations, content creation in native languages and
other such initiatives. If you are interested, please contact me!
Q5. From @cogiaoxinh
How you are going to
define DRC in a SINGLE SENTENCE!
Mr. Josh:
A decentralised, community-drive Store of Value that no one
but the people and the Blockchain have control of.
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