VERTEX - a better way to participate in ICO
This is my entry for the sponsored writing contest organized by @monajam
Introduction:
As an investor, I want to be sure that any project I invest in would see the light of the day. However, it is almost impossible for me to be more 60% sure of the success of any project I invest in, talkless of being 100% sure. Also, as investors, I come across countless numbers of projects, but I act cautiously to avoid been defrauded, and sometimes, this makes me miss out on great projects. However, if I am 100% certain that projects are real and are bound to be successfully, I would definitely invest in such projects, and I am certain that other investors out there would do same. This leads us to VERTEX
VERTEX market:
VERTEX Market is a platform that enables me as an investor to be only involved in genuine projects that have a very high probability of success. VERTEX achieves this thorough a vetting process. Hence, VERTEX can be said to be a platform that mitigates the risk associated with ICOs. With VERTEX, any projects that I invest in, I become part of that project, even after the ICO.
VERTEX has a team and partners whose main function is to extensively evaluate ICOs. This team meets ICO teams personally and directly. This meeting is to enable the VERTEX team to try to know the feasibility of the project. As expected, the VERTEX team is well qualified and experienced to detect the feasibility of the project. This is a big boost, if you’re an investor like me that only rely on reviews online (most of these reviews have questionable credibility) to make decisions on which projects to invest in.
With the VERTEX team performing these “background check” on projects, inexperienced and off-chain investors are rest assured to invest their funds into the crypto sector, as risks are reduced.
VERTEX also uses a tokenization system. Once the VERTEX team has proved the feasibility of a project, this project is in turn directed to the users of VERTEX. Users of VERTEX then use the VERTEX tokens (VTEX) to invest into this projects. And as expected, these projects would in turn yield a great ROI.
VERTEX has a lot of benefits for every players involved in ICO. This includes:
Benefits for Investors:
Investors stand to benefit greatly from VERTEX. Investors get to have access to multiple ICOs just via one interface i.e VERTEX. Thus, Investors would be notified promptly when new genuine projects crop up, and also, Investors won’t have to be burdened with the thought of performing some tiring activities such as the know your customer (KYCs). Another benefit is that, with VERTEX, various drawbacks that plague investors when participating in ICOs are effectively dealt with.
Benefits for ICOs:
Once VERTEX has proved the feasibility of a project, the project is then displayed on the VERTEX platform. Thus, Investors are bound to be attracted to such projects, since Investors are sure that the project is genuine and has a high probability at succeeding. Also, with VERTEX, financial costs are reduced, as projects do not need to carry out KYCs on intending Investors, seeing as VERTEX has already inspected such investors.
Benefits for the Crypto Sector:
According to TokenData, approximately 59% of ICOs don’t get to see the limelight, due to various reasons such as fraud, misappropriation of funds. However, with VERTEX sanitizing the way we interact with ICOs, off-chain investors would be attracted to the crypto sector, and then the crypto sector would be injected with the funds that are required.
Workings of the VERTEX Platform:
With the VERTEX platform, users can buy tokens of different projects that has been vetted by VERTEX. These tokens would be purchased at a fixed price, without any form of discrimination amongst users. These various tokens would be purchased by the VERTEX token (VTEX). Thus, for any user to enjoy the enviable benefits offered by VERTEX, they must first purchase the VTEX tokens.
Each user has a unique wallet, where funds are stored. Respective tokens of various ICOs which the user is participating in would be stored and held in cold storage and multi-signature wallets. Privacy and security are guaranteed, as user data and accounts would be stored cryptographically with only the user having access to his/her data. Users get to perform Two-factor Authentication also. Some of the key features/functions of the VERTEX platform:
- Thorough lists of vetted/genuine ICOs.
- ICOs rankings and feedback left by the VERTEX team and partners
- Thorough explanation and full disclosure of the criteria(s) used in the evaluation and/or vetting of ICOs, as well as why and how each ICO listed passed these criterias
- Purchase of VERTEX tokens used to invest in different ICOs
- An entry/access point to buy into ICOs
- Ability to be notified of evaluations of each ICOs as the process winds into conclusion.
How to Use the VERTEX Platform:
First off, users create an account and then they are required to pass through a KYC procedure. The account would be activated within 48 hours, if approved. After approval, users can then browse through the platform and then view details of each projects listed on the platform. If a project is open for sale, users would be able to see a clickable “buy tokens” button. Once this button is clicked, a unique ETH address is provided, it is the address that the User would send the VTEX tokens so as they can receive the tokens of the project they wish to invest in. These addresses are unique, and they are only valid for one transaction. The addresses which the user would send the funds from must be first register, this is to avoid the abuse of the system. When a user wants to purchase, intent must be stated first, and when a users states thrice without purchasing, that user would be banned.
The minimum investment which VERTEX allows is 500,000.00USD. The VERTEX platform would also support utility and security tokens, while banning tokens in tobacco, alcohol and gambling industries.
The VERTEX model for preferential access: early participation in ICOs
Goodnews, VERTEX gets different requests to invest in different ICOs ahead of time, attached to these requests are exclusive discounts on the respective tokens. These tokens are held in the portfolio of the VERTEX platforms until the ICO is over. Once the ICO is over, these tokens are offered to the community at discounts.
The VTEX token:
Conclusion:
With VERTEX, investors are shielded from the dangers associated with ICOs. VERTEX doesn’t stop here, as with VERTEX, Investors are also guaranteed of getting the best ROIs available. For amateur investors, VERTEX is also a plus, as these investors are bound to learn from the feet of the great minds that are among the VERTEX team and partners.
The crypto space would also see a great influx of investors, as since VERTEX guarantees the viability of projects, Investors are bound to invest into the crypto space. Thus, with VERTEX, everyone is a winner.
Roadmap:
Team:
Partners:
Investors:
Advisors:
More Resoruces/Information:- Website
- WhitePaper
- Facebook
- Twiter
- Airdrop
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STOP@monajam, can you please come verify that my entry has been accepted. I even your app. Just come and verify, please
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STOPHi @okipeter
Great and interesting review, as always :)
This project seems quite interesting to me but I am not sure if ICO industry needs such solution. There are already plenty of platforms (ICO Bench, Track ICO etc.) on which experts review and analyze ICOs. I suppose that if you spend some time to do research you are always able to avoid scams. What do you think?
All the best
Yes, spending time to research ensure that you avoid scams. However, we all know that time is money. With vertex, you dont need to spend much time researching, and Vertex has lots of experts with vast experience. If you ask me, Vertex is a perfect solution even tho, we have other solutions!
Good to hear from you @crypto.piotr. I noticed that you sent me some memos directing me to go read some reviews about NOIA. Well, in case the needs arises, i might just be opened to writing such reviews for you. What do you think??