Decred (DCR) Cryptocurrency Economic Model and General Information

What does it do?

Decred is a blockchain-based cryptocurrency with a fair system of checks and balances between all parties.

Key Features

  • Hybrid proof-of-work and proof-of-stake consensus that enables on-chain governance. Coin holders have a say about what happens to their crypto and have skin in the game.
  • A censorship-resistant blockchain-anchored public proposal platform.
  • Built in treasury system, which helps sustain and fund the project.
  • Supports atomic swaps between different digital currencies.
  • Cross-platform wallets for ease of use.

General information

Company NameDecred Holdings Group LLC
Incorporation dateFebruary 8, 2016
Incorporation Addressn/a
Websitehttps://www.decred.org/
Bloghttps://blog.decred.org/
Phone1(312)625-5520
Crypto CurrencyPrice (Euro)24H % Change
DCR
20.54-0.74%

Economic details

Initial Funding & Distribution
TickerDCR
Token TypeCryptocurrency
Total Supply SoldThere was no ICO
Total Amount Raisedn/a
Price During the Crowdsalen/a
Hard Capn/a
Whitepaperhttps://whitepaperdatabase.com/decred-dcr-whitepaper/
Initial Token Distribution50% of Premined coins were airdropped (840 000 DCR)
50% of Premined coins were bought by Companyzero.com (840 000 DCR)
Distribution of Funds raisedn/a
Airdrop DateFebruary 8, 2016
Sources: https://docs.decred.org/faq/general/#3-how-was-the-decred-premine-distributed
https://messari.io/asset/decred#overview
https://blog.companyzero.com/2015/12/decred-rethink-digital-currency/
Source: https://docs.decred.org/advanced/inflation/

Social Media

Additional information on: https://decred.org/community/

Team

 TitleNameLinkedin
Co-founder & Project LeadJake Yocom-Piatt
CTOMarco Peereboom
Co-founder & DeveloperAlex Yocom-Piattn/a
Co-founder & DeveloperDavid Hilln/a
Co-founder & DeveloperJosh Rickmarn/a
Co-founder & Lead DeveloperDave Collinsn/a
Co-founder & Senior DeveloperJohn Vernaleo

Development

Total number of Commits58 331 Commits(63 Repositories)

Partners

YBF Ventures – an Australian innovation hub.

Competitors

Bitcoin – a peer to peer technology based cryptocurrency.

Ethereum – a decentralized platform that runs smart contracts and it allows developers to create their own decentralize application.

Litecoin – a peer to peer created by Charlie Lee cryptocurrency.

Stellar – an open source network used to facilitate cross-asset transfers of value.

Potential market and clients

The potential of Decred adoption depends on the demand for cryptocurrencies in the future.

Utility and economic dynamics

  • DCR can be used as store and transfer of value.
  • DCR can be used to stake/vote.

Additional information

https://github.com/maxbron08/Decred-Canon/blob/master/README.md