Steven Grove, the founder of Sigwo Technologies, has recently announced the crowdfunding initiative to fund the development and marketing of the Darcrus project and its business-oriented dapps (decentralized applications). Darcrus will focus on providing software and consultancy solutions for businesses that wish to integrate distributed ledger technology into their infrastructures, creating multiple revenue streams for its token holders through a “Proof of Holding” reward system.
The DAR token will start on the NXT Blockchain until the Waves Platform is fully functional. The rewards will be based on a buyback program on an exchange or through disbursement via NXT’s or Waves’ native system. The rewards for DAR token holders will come, not only from the profit generated from the sales of Darcrus software and services for companies, but also from the SIGFARM mining operations, which started in April 2016.
The first piece of software that is to be developed by Darcrus is called “dAppsheet”, a decentralized application that helps companies to easily replicate their infrastructure in a blockchain-based setting, allowing customized front end GUIs to take advantages of the blockchain decentralized databases, replacing redundant SQL servers, and eliminating the need to verify database transactions or to set up multiple disaster recovery efforts. In the dAppsheet system, each local office acts as a disaster recovery for other offices, which eliminates the need for offsite storage, although this can also be achieved by keeping an offsite secure node for extra safety or to meet different regulatory demands.
dAppsheet utilizes the underlying system of decentralized platforms such as Waves, nStratis, Ethereum, and Bitcoin, to protect databases anywhere the company’s Darcrus node exist.
Since the data is saved through transactions on the blockchain, not only is it protected from loss, but also from tampering. No one, not even company employees (IT administrator, supervisor, or CEO) can change the data in a company’s dapp, when created using the dAppsheet technology. Darcrus’ dAppsheet can be implemented in three distinct types, according to the privacy requirements of each company.
Sales of the Dracrus software will be supported by a specialist salesforce along with the exposure to enterprise businesses provided by the Microsoft BizSpark membership received by Sigwo Technologies. Furthermore, the Dracrus team will also ensure that companies can make a smooth transaction into a blockchain-based system with the highest ease and security by providing consultancy services.
The release of the dAppsheet application is scheduled for May 2017. The Initial Coin Offering period will start in 17 hours and will last for three weeks. Early investors will benefit from a 50% bonus on the first day, which will then be decreased during the course of the ICO. After the Initial Coin Offering campaign, investors will be able to transfer their tokens directly to Bittrex.
Investors can exchange both Bitcoin and altcoins through the ShapeShift system to be integrated on the ICO platform. The escrow for the ICO funds will be comprised of Julian Yap (Jumbucks and Ubiq Developer) and Cory Teslikis (Pool developer and owner of etc.minerhub.io). The Coinbase Vault solution will be used.