Vertex: The First ICO Aftermarket Platform Created to Increase the Likelihood of Participating in a Successful ICO
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There has been great changes in the world of cryptocurrency and the technology that forms its basis day by day. Similar to technologies, Peoples lives can be positively influenced with the advent of blockchains globally. A lot of projects with quite a number of innovators get the funds they need through Initial Coin Offerings (ICOs) for use in blockchain technology for the design of tools.
What is Initial Coin Offering (ICO)?
ICO is a means by which funds are being raised for a new cryptocurrency project, and this means is not subject to regulation. Its helps startup projects to bypass the regulated and severe process required by banks or the capitalist of ventures to raise capitals.
- Volatility
The cryptocurrency world has experienced a rapid rate of growth over the years. However, volatility has been a major threat to the cryptocurrency market, thereby bringing about low liquidity due to the hesitation of investors to invest in cryptocurrency.
- Unsuccessful Economy
Getting a successful economy is difficult because most project lack correct economic model or good backing of solid project, thus, the profit gotten from investment is low. It was recorded in 2017 that a large amount out of over $6 billion USD funds that was raised in 879 ICOs didn't produce the intended effect. There was no profit to account for their investments, and lots of funds were lost by investors. More than half of the ICOs were unsuccessful in 2017.
- Vulnerability of Investors
New and experienced investors find it hard to decide on what ICO to take part in, which digital currency would profit them most, which token to purchase and so on. The ICO market lack experienced investors that have recorded success in investments worth billions of dollars. The investors become vulnerable to scams and failed project when volatility and rapid growth of the market set in.
- Poor Reputation
Due to many failed ICOs and scams, the reputation of the ICO market is in doubt. This is mainly as a result of poor regulation, lack of disciplined investments and nature of ICOs.
Regardless of the growth and benefits of blockchain and cryptocurrency projects, there is need to put in place disciplined and successful investors in the ICO market. Thus, the team of Vertex identified the opportunity and acted on it.
Vertex is the first ICO aftermarket platform or ecosystem to be designed globally, with the intention to help solve problems which the ICO rush has created.
Vertex market is the first ICO aftermarket platform that makes use of its ICO vetting mechanisms to arouse interest in capital, thus, making the process of vetting much easier. Vertex market is created to help investors get the desired returns and additional fiat resources into the market of cryptocurrency.
The mission of Vertex is to build a process of ICO investment that will change the ICO industry, with the vision of providing buyers a greater tendency of running a successful ICO and getting return on their investments.
The Vertex market is designed to benefit the following:
- Investors
- ICOs
- Cryptocurrency Community
- For Investors
Vertex market help investors to choose the ICO that is best for them to invest in, by giving them the opportunity to gain access to numerous ICOs that have been vetted by successful investors, thereby reducing the risk of investment.
- For ICOs
After ICOs are examined by Vertex, Vertex will buy the ICOs that passes its standard evaluation process. The project of such ICOs will then be available to investors of Vertex who want to invest in them after they are listed on the Vertex aftermarket. The ICOs would be widely known for possessing a unique vertex seal of approval and an advertisement not paid for on the vertex platform. Vertex will provide full support to ICOs and their token would be sold on the market.
- For the Cryptocurrency Community
The crypto market will see positive changes because Vertex will address the bad reputation of ICOs through a well carried out process of vetting that helps produce good return on investments. As a result of this, the liquidity of the crypto markets will be increased through the influx of resources from investors who have left ICOs for a very long time.
The vertex platform and aftermarket work based on the driving force of the vertex token. This token is the only token that can be acquired and used by users and/or investors who wants to invest in an ICO project to buy into vetted ICOs. Due to this, ICO tokens can only be obtained by users through the Vertex token after the public sale is over.
The users of the decentralized Vertex platform will keep their funds in their own wallet. Cold storage and muti-sig wallets will be used to store the ICO tokens that are meant to be sold. The accounts of users will be highly secured in every areas. A user on the vertex platform will be able to create profiles and perform the Know Your Customer (KYC) process not more than one time.
The Vertex token are ERC-20 tokens on the Etherium blockchain.
Ticker Symbol - VTEX
Total Supply - 300,000,000 Tokens
Hard Cap - $44,700,000 USD
Soft Cap - $3,000,000 USD
Vertex Wallet
The Vertex wallet is an ERC20 friendly wallet that will be able to hold safely the cryptocurrencies of users.
Use of Proceeds
Distribution of Tokens
The world of cryptocurrency has being on the rise lately since the exponential growth of bitcoin in the cryptocurrency market. The investors of the crypto market however face some issues which makes it difficult for them to get returns on their investments and bring more fiat resources into the market of cryptocurrency. This is exactly where Vertex comes in. Vertex has designed the first market of its kind which offers the first aftermarket for ICOs, and which will help investors and buyers solve the various problems they face in the Cryptocurrency market. It is a special ecosystem created for investors, the community and ICOs.
The Advisers
The Investors
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