Korean Influencer Post Series: Let’s Study Konstellation’s DARC Token
Today, various investment businesses are emerging. As interest rates are low, savings accounts don’t yield as much as they did in the past. Thus, people are looking at funds and stocks as alternative sources of investment. Some even go for derivatives such as real-estate investment, provided by Toss or Kakaopay. DarcMatter uses blockchain to play this role.
The project we will discuss today is DarcMatter, which is known under the DARC token. Konstellation is the subsidiary company for the global alternative platform, Darcmatter. At Konstellation, all the blockchain planning and development will be done such as building the network and DARC token economy. Konstellation’s goal is to become a solutions provider as it focuses on expanding the blockchain related ecosystem and technology development in the global financial services sector.
Thus, Konstellation is focused on blockchain related consulting, education, technology and network development. The headquarters are located in Seoul, with branches in China, United States, and Ukraine.
The DARC token is a public NEM blockchain mosaic token, allowable blockchain with NEM technological capabilities including, Catapult. With the 4th revolution coming to our lives, all of the assets and data will be stored via blockchain. This project is made to compensate the parts that contemporary financial institutions lack. DarcMatter will provide basic infrastructure for payment for different service layers provided at the Konstellation Network and financial transactions.
That’s all for Konstellation. The DARC token is utilized in various ways. It will be used to form smart contracts, showing efficiency and flexibility through tokenization. To say it briefly, it is focused on alternative assets, helping fundraise VC/PE/HF.
Some may raise concerns, “Why NEM based, instead of ERC-20 based?” NEM has a distinctive development structure, since it has vision of effectively utilizing this technology instead of marketing and branding. It has a blockchain structure that allows for flexibility, instead of open or closed.
The total issue amount is 1 billion. 0.5 billion tokens are for sale and 60 million tokens for developers and 40 million tokens for early investors and 0.4 billion tokens for the company and teammates were designated. The airdrop was also done via a social media event.
JP Morgan, AXA, AIG, Hana Financial, apg, LPL Financial are DarcMatter’s investors. Most investors are financial companies. As the project is a blockchain based financial platform, many have shown interest.
You could check the diverse spectrum of information via their homepage and media. In April of 2019, DM formed a partnership with Bitcurate. It is a Sigaporean data analysis start-up which track investor’s perspectives, data point analysis, and so on. Through this, Konstellation provides adequate technology and data to accelerate the growth of the global blockchain infrastructure.
In July, DM partnership with Publicly Alliance. The company is a media consortium where it connects media and technology start-ups and educational institutions. Monthly traffic is around 1 billion, which will have a huge impact on the visibility of the Konstellation brand. Through collaboration with DM, this partnership will create synergy.
This is Tokenpost interview done in July. This could be easily understood as it deals with Konstellation in simple manner. DM released the DARCwallet on the 1st of July. Mobile and Web versions will be released as well, so stay tuned via those official mediums.
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