VESTARIN ITO/ICO

cyber-smiley (45)in #ito • 6 years ago (edited)

Marketplace of goods and services for cryptocurrency

In 2017 blockchain and cryptocurrency in general saw big spike. More and more people are becoming aware of cryptocurrency every day. This is above all the driving force for innovation where we are seeing that many companies are trying to push the boundaries and develop some great things.

What is the main problem with cryptocurrency as from today? It is mostly seen as an asset and even looked at that way, we often forget that bitcoin and others were made to be a currency – this is why we even call them cryptocurrency. So if you really wanted to use them as a currency the way most of the people do it is by exchanging their crypto for fiat or national currencies, this is the problem with 3rd party payment processors as well.

So what’s the fuzz about Vestarin and why I am writing to you today?

Vestarin will enable users to do all things in a secure environment that is transparent with no middleman, p2p. You can buy goods, buy services and even buy entertainment with crypto currency. Find people for your future projects and communicate with people via built in secure chat which will enable coins transfer with ease. One of the biggest thing is that every merchant and company can integrate their store with ease and accept crypto currency. Find physical locations of any store that accepts VST token and buy things in the real world.

As there are many new blockchain platforms there is a growing need for investors and people to keep up with all of them and this is where Vestarin can help you out as well. As their platform will enable representatives of an ICOs to put listings directly on the platform, where users will have the ability to discuss and make their assessments about their ICO project with ultimate goal of helping investors to choose projects. We all know how hard is to evaluate each project when there are new ones everyday showing up from nowhere.

The main idea and goal comes from the point that cryptocurrencies are heavily depended on fiat currency and with this platform you don’t even have to look and national currencies anymore as vast possibilities will open for you and many other people.

This project is very ambitious as their goal is to have over 1million users at the end of this year/beginning of the next year. I like the fact that they have their own demo version which shows us that team members started working on the project which shows credibility. How many times I’ve seen projects that are waiting for ICO to finish so that they can start with development. You can find their demo apps for android on google play and for apple on apple store. Their plan is to overcome the language barrier issue by providing translation in multiple languages.

All of this is made possible with ethereum blockchain as even tokens are created to be erc20 tokens on ethereum enabling decentralization and easy integration with existing systems on exchanges and wallets. VST token will be used on the platform to enable users to do targeted actions and purchases with simple click. These tokens will fail into the assets of the store and store sells them in favor of the required currency.

As an investor you may ask your self what’s the point if these tokens are not giving you some kind of dividend because you invested in the platform to become reality in the first place. Tactic of Vestarin team is to use method redemption, as some of you may know it by the Buy Back and Burn. So their idea is to allocate at least 50% of total tokens for this redemption campaign. By doing this simple method they will be decreasing the supply of tokens and as a result price of tokens should increase because people will want to use VST on their platform.

This project is also transparent in terms that their team is made public with linkedin profile attached to each of them so we can verify authenticity of them, check this on official website linked bellow. You can even go further by reviewing their information around the internet.