Digital Reserve Currency (DRC) was designed to become a decentralized digital store of value with a limited supply and a zero inflation rate. DRC was created during the COVID-19 pandemic with the purpose of finding out how the global economic recession and the increasing demand for decentralized financial instruments may affect its adoption and usage.
The total supply of DRC is fixed at 1,000,000,000 indivisible tokens. 100% of the DRC token supply has been listed on Uniswap decentralized exchange with a nominal price of 0.000000003ETH/1DRC and initial market capitalization of ~$1,000. This was done with intention to allow early adopters to establish inexpensive exposure to DRC if they believe it will have a larger market in the future.
No DRC tokens have ever been premined or retained by the project developers. DRC has a predetermined finite supply and no more additional DRC tokens will ever be minted. The scarcity of DRC was embedded into the code and nothing can change it once DRC contract was deployed into Ethereum network. The token supply will not be artificially reduced by either buybacks or token burning.
Despite the intentionally small initial market capitalization, we cannot predict whether DRC token will retain its monetary value in the future. DRC token may lose its value if it does not receive adoption as a digital store of value. At the same time, DRC token value may arise because of the network effect, as more people believe in its intrinsic value and utility.
