Davinci Coin (DAC) is the native token of the Davinci Project, which was established to build a fast, secured, and efficient payment method. The project aims to eliminate the limitations of the currency boundary and reduce the complexities of the accounting and financial verification process. To achieve such an aim, the Davinci Project seeks to act as a communication hub by linking people and organizations worldwide.

The whitepaper of the Davinci Project claims that the payment is divided into three methods: bank settlement system, third-party settlement system, and cash payment. However, these systems include high commission fees, long settlement periods, unnecessary costs, and inconvenient procedures. Blockchain excludes intermediaries like banks or any other third-party financial institutions. Hence, Davinci Project aims to utilize blockchain technology for payment systems to ensure low risk, payment efficiency, and high transaction speed. 

The Davinci Project is based on Davinci Chain, a public blockchain. According to the whitepaper, Davinci is a third-generation blockchain, which indicates that the Davinci blockchain can utilize a variety of DApp. Moreover, Davinci also provides users with higher transaction speed and lower transaction costs.

The Davinci project combines blockchain technology in insurance, finance, IoT, culture, assets, and bonds. The information and data of such fields created during the operation are stored in the Davinci blockchain. Therefore, the objective of the Davinci project to establish an efficient payment system is combined with such data and information, which results in the development of the Davinci ecosystem.

The whitepaper of Davinci Coin was published on July 26, 2018. The development team of Davinci Coin includes Minjae Kim, a software engineer of Samsung Electronics, as well as Zachary Moon, a software engineer at Novacos.

The total supply of DAC is 8,800,000,000.

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