MEET VERTEX : THE FUTURE AND SOLUTION TO ICO'ssteemCreated with Sketch.

in #cryptocurrency6 years ago

This is my entry for the sponsored writing contest
organized by @monajam.

One unique thing about crypto is the variety and diversity it brings to its world.

If you are an enthusiast or crypto lover, you will notice different tokens springing up every now and then, and this can be very tasking as you might get confused on the one to invest in.
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ICO (Initial coin offering) is a way of raising funds for a prospective technology.
In ICO’s, tokens are sold out to investors in exchange for other cryptocurrencies.

However, the tokens in their nature of development, are promoted as future functional units of currency when the ICO’s goal is met, and
it is expected also that when the project is launched, investors will get higher return on their investment especially when these tokens get listed on exchanges.

Many investors who venture into different ICO’s have been defrauded by some of these companies who clearly do not have plans for future growth, development and diversification.

A good number of these investors lack the technological know-how and expertise to know which ICO to invest in

In 2017, over $6 billion USD raised in 879 Source ICOs. Nevertheless, a significant portion of those funds simply changed hands without producing the intended effects.

Many investors never saw any returns on their investments and some even lost their funds altogether. Less than half of the ICOs of 2017 were successful Source .

This means that as much as $2.76 billion USD of the funds raised were lost, misused or just served to fund ideas with no clear purpose.

Because of all these, the confidence and trust level has dropped among investors, and the growth of the crypto world has been hampered.

Now, how can investors be 100% sure of tokens to invest in? How can the make careful and critical examination before investing in an ICO? How can they regain faith in ICO.

The answer to all these questions lies in a blockchain technology known as VERTEX

INTRODUCING VERTEX

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Vertex is a blockchain technology that seeks to end the problems seen in the ICO system, and also has come to the rescue of investors and crypto users by bringing seasoned investors who have been involved in important/successful business around the globe to vet ICOs for investment, exploring and making use of unparalleled level of experience.

The system is purely decentralized and seeks to revolutionize the ICO system by leveraging its expertise in vetting ICOs.

After vetting, they will buy the ones they deem fit and likely to succeed, while making the tokens available to the vertex community.

Since investors are ignorant of good ICOs to invest in, vertex will solve this problem for them, thereby making their job easy.
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The aim of the vertex platform is to successfully create a token that will be used to underpin the ICO investment economy.

Vertex has a token system that will be used in transactions in the ICO investment economy. The tokens (VTEX) will be used to invest in projects the vertex community has deemed fit and has pushed into the community.

The idea is that these validated ICOs when invested in will yield good ROI

Investors need not to bother at all as the can be part of the project even after the ICO.

Negotiations are done directly between the expert team of Vertex and the prospective ICO company, and a huge part of the meet up is to ensure that the project is viable.

One amazing benefit this has is that, off-chain investors who have little or no knowledge can boldly invest their money, without fear of fraud or loss

In essence, the vertex team helps in the following ways

  • Buyers be able to choose which projects to invest in
  • They will hold the tokens they decide to buy
  • They will manage them how they see fit once they purchased them

EXTENSIVE BENEFITS OF VERTEX

BENEFITS TO INVESTORS

Multiple ICOS that have been vetted can be accessed by users/investors through a single point of entry.

Periodic updates will be made available to investors informing them of new ICOs, changes and updates.

With this, investors will stay abreast with information in the ICO world.

Together with the informations and updates, vertex projects the ICO system, exposing them more, while bringing in more investors.

Potential buyers are saved the stress of KYC as most of them see it as a tiring process.

The single interface provides an amazing opportunity to toggle between numerous ICOs that have already been vetted, which increases the visibility to not so well informed crypto persons

There is also a help in choice in which the community offers investors, some investors are indecisive as to what ICO to invest in.

vertex helps them choose from good and evaluated ICOs

Summaily, there is a reduced risk of investment vertex offers investors, basically because the tokens in sale have been vetted and evaluated

BENEFITS TO ICO

After vetting has been successfully done by the Vertex team, it is then advertised and displayed on the platform where it'll be readily accessible, as well as easily reachable to investors

Investors now invest into such ICOs since it has been evaluated by the team.

There's also a high tendency for success of the ICO because of the in depth experience of the team.

ICOs will receive consulting services and support from Vertex, while having their tokens
sold on a market for the period of time between the ICO and exchange listing WhitePaper

The stress of recurrent KYC has been done away with since Investors have been screened already

BENEFITS TO THE CRYPTO WORLD

The Vertex platform offers two outstanding benefits to the crypto community.

Firstly, Extensive filtration and elimination of malicious ICOs through their standard vetting process.

This will also increase the funds needed to invest in ICOs with a higher tendency for success

Secondly, liquidity of cryptocurrency market will resultantly increase since funds from investors have stayed away from the market for a while.

VERTEX WORK FLOW AND CORE PREMISE

Vertex through its structure offers users a market of credibility as regards ICOs.

The price at which the tokens are bought is fixed and equal opportunity is given to all users,no favoritism.

Vertex token will be used to buy vetted tokens of successful ICOs. Users will be able to store funds in their own wallets.

The Vertex platform will allow users to have access to the world’s first ICO
after market.

AMAZING FEATURES OF VERTEX

  • Outline of approved ICOs
  • ICO reviews and ratings as well as comments by the experienced team
  • Review of steps used in the evaluation process
    and reasons for success of an ICO
  • Options for buying and storing of tokens in wallets
  • Buying of vertex tokens
  • Future ICOs being evaluated
    Users need

HOW DOES VERTEX WORK AND HOW TO MAKE USE OF IT

Before using the Vertex platform, a user is required to create an account and 48hours is taken for the account to be approved by the community.

KYCs are normally done before the accounts are approved and after the account has been approved, users can be able to toggle through the Vertex market and see information about tokens approved and available as well

After being granted access to the community, users can buy tokens through 'buy token' option, which brings up an ETH address that enables users to send tokens in exchange for which ever ICO they desire to invest in

The ETH address is specific and different for each user and expires after a transaction, there's regeneration whenever you wish to initiate another transaction

Addresses where users will send funds from need to be registered, to avoid abuse of the system. Intent to purchase must be stated, and stating three times without purchasing leads to bans.

Vertex has a minimum investment of 500K USD. This ensures it's given preferential treatment, and it is invited to invest in a lot of ICO's before they’re open to the public.

VERTEX TOKEN AND WALLET

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Vertex tokens (VTEX) are ERC-20 tokens on Ethereum blockchain.

While

Vertex will offer its own ERC-20 compatible wallet, where the users will store their ERC-20 tokens.

CONCLUSION

The framework leaves it second to none

Since fraud and maliciousness has destroyed ICOs, a new breath of trust will envelope users as Vertex is coming to your easy.

Vertex has solved a need and this would increase in the Influx of investors to the blockchain

It's a vetted change in ICO and a step towards proper investment in ICO’S.

MORE INFORMATION

Airdrop
Website
WhitePaper
Facebook
Twitter

MEET THE TEAM

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ADVISORS

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ROAD MAP

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TOKENOMICS

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PARTNERS

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INVESTORS

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