VVTokens - Electronic Financial Services More Accessible and Affordable | Pre - Ico Live



  • VVTokens has created an international financial solution that provides a broad spectrum of
    services to a diverse array of users. For those who aren’t active participants in the centralized
    and heavily regulated banking industry, VVTokens will provide low-threshold access to several
    financial services via a prepaid debit card targeted to low-to-middle income users. For
    individuals of means, who are seeking an elegant methodology that allows them to capitalize
    upon the features and flexibility of combining cryptocurrency and fiat currency in a single 

    financial platform, VVTokens will provide a feature-rich CyberBank™ Black Card that will enable them to smoothly switch currencies using a VVToken blockchain called VVChain™

    PRODUCT


    Product workflow

    1.CONSUMER PRODUCTS:

    The CyberBank™ Platinum Debit Card:

    The CyberBank™ Platinum Debit Card is a traditional debit card that can be used to make
    purchases online or in any store that accepts Visa cards for payment. The user experience is
    the same as any standard bank debit card, so there is no adoption period.
    All the cryptocurrency elements will be abstracted from the CyberBank™ Platinum Debit Card
    user experience. The user will deposit a fiat currency, check the balance in fiat currency and
    spend in fiat currency. The cryptocurrency elements will remain completely behind the scenes.

    CyberBank™ Black Card:


    With the CyberBank™ Black Card, the cryptocurrency element is not abstracted, and the user is
    able to choose between various levels of risk for their asset management. Low-level risks will
    place the priority on securing currency value, while a higher level of risk will be focused on
    leveraging value to increase crypto-asset appreciation.

    2.Additional Product Information

    Smart Invest™:

    All the fiat input will be sent to the Smart Invest™ algorithm. This algorithm manages VVToken
    cryptocurrency transactions. It will choose two or more of its resource pools for conversion into
    multiple cryptocurrencies. The Smart Invest™ protocol continuously monitors the
    cryptocurrencies’ market status, so it can move and reallocate resources according to the most
    favorable currency value and effectuate transactions aimed at increasing appreciation.

    Recharging the CyberBank™ Platinum Debit Card:

    Users will be able to recharge their CyberBank™ Platinum Debit Cards at a wide variety of
    partner locations, from leaders in global payment services such as Western Union and
    MoneyGram to local and regional retailers such as chains of convenience stores, pharmacies
    and supermarkets; thus enabling users to deposit a cash transaction directly to their
    CyberBank™ Wallet at locations that are convenient to them. The process is very simple. Users
    with cash to deposit into their CyberBank™ Wallet visit an authorized partner location and
    deposit the cash to increase the available balance in their CyberBank™ Wallet. The deposited
    funds are immediately made available and the CyberBank™ Platinum Debit Card then can be
    used with the new balance. Some partner locations may offer in-store discounts or other
    value-added offers to CyberBank™ Platinum Debit Card holders as an incentive to utilize their
    location for recharging services.
    Another option for recharging the CyberBank™ Wallet is receiving a payment for a provided
    service. For example, a gardener who has no bank account can receive a payment via a debit
    or credit card directly through the app. This eliminates the necessity of a cash transfer for both
    parties, making the entire transaction process safe and faster.
    Internationally, localized solutions common to local markets will be developed and implemented
    to facilitate user adoption. For example, in Brazil the user will be able to create and share a
    commonly used barcoded bill called a "boleto bancário" in Brazilian Portuguese. These "boleto
    bancários" are commonly issued by vendors, and can be paid at any bank as well as several
    other locations. Once the "boleto bancário" is paid, the CyberBank™ Wallet is automatically
    credited in real time. This is a very common process in Brazil. Implementing it in our Brazilian
    offering will drive adoption and usage.

    The Line of credit:

    User accounts will be evaluated on a quarterly basis via an internal algorithm to identify users
    who are eligible for an additional line of credit on the CyberBank™ Platinum Debit Card. The
    credit limit will be calculated through the user’s account deposits. If the value of the credit
    analyzed is below USD$300, users will not receive any line of credit. Each user will be
    re-analyzed in the following quarter.

    About Company 

    Overview

    VVTokens was founded to provide a platform offering payment security and mobile affordability
    that utilizes the security and reliability of the blockchain while delivering financial appreciation to
    the cardholder. VVTokens delivers two principal products on this platform. First, the
    CyberBank™ Platinum Debit Card, an easy-to-get debit card for unbanked and underbanked
    people. These are typically lower-income consumers who are restrained by the cost of mobile
    services and don’t have a debit card or bank account because of their personal financial
    situation.
    The other product is the CyberBank™ Black Card, a cryptocurrency-based debit card delivering
    a platform that can be leveraged by individuals who prefer to minimize or eliminate
    intermediaries in their financial transactions. In addition, the CyberBank™ Black Card will allow
    for a near-instant transfer of value into and out of numerous currencies or for the exchange of
    value in a private and secure manner. This will provide the ultimate in flexibility, liquidity, and
    anonymity for wealthy people. The main technology behind both of these products is blockchain,
    widely defined as a digital ledger in which transactions made in Bitcoin and Ethereum or other
    cryptocurrencies are recorded chronologically and publicly.

    Why Blockchain?

    Blockchain structure provides features like security, decentralization, and governance.
    VVTokens’ blockchain, called the VVChain™, will have smart contracts managing open source
    program code anyone can read and validate, but no one can change. Because the VVChain™
    is an incorruptible digital ledger designed to track economic transactions in multiple currencies,
    it can be programmed to record but virtually anything of measurable value, not simply financial
    transactions.

    Making Money

    We created an algorithm called VVTokens’ Smart Invest™, designed to take maximum
    advantage of fluctuations in cryptocurrencies. Smart Invest™ will be funded by a pool of primary
    consolidated cryptocurrencies such as BitCoin, Ethereum, and LiteCoin. The intrinsic volatility
    between these cryptocurrencies provides a potential means of realizing significant appreciation
    if used wisely. A portion of the return from VVTokens’ Smart Invest™ will be distributed to card
    users. We will offer a line of credit to our consolidated clients. We also anticipate offering capital
    loans to qualified card holders through their CyberBank™ card.

    Products

    VVToken CyberBank™ Platinum Debit Card: The card will provide a method of payment to
    people that typically are unable to obtain a bank account. The main feature of this card is that
    the user will be able to deposit money using any fiat currency, such as the Dollar, Euro, or
    Brazilian Real. Once funds have been deposited to the CyberBank™ Platinum Debit Card they
    may be used to purchase all manner of goods and services. The CyberBank™ Platinum Debit
    Card will open an entire world of purchasing options to the user. After a period of time, the user
    will start to see the increased value of their asset due to currency appreciation. The
    cryptocurrency part of the process will be invisible to this kind of user.
    VVToken CyberBank™ Black Card: The card will be also a cryptocurrency asset class as well
    as a convenient method of payment. The CyberBank™ Black Card will offer the user a broad
    selection of premium features. The cryptocurrency part of the process will be open and clear,
    allowing the user the ability to choose the level of risk associated with their portfolio.

    BUSINESS LANDSCAPE

    Cryptocurrency offers consumers much more than just a new way to make purchases. It is a
    protocol for exchanging value over the internet without an intermediary. Based on a public
    ledger system known as the blockchain, cryptocurrency uses cryptography to validate
    transactions. Users are able to gain access to their balances through an encrypted password
    known as a private key. As a result, cryptocurrency is peer-to-peer and open, yet secure and
    nearly frictionless.
    The system and capabilities of the blockchain have continued to evolve. Though blockchain’s
    essential benefits have remained intact (e.g. privacy, security, removing the banking industries
    domination as an intermediary), new variations such as Ethereum and Hyperledger have
    expanded Satoshi’s original vision of a cryptocurrency system. Tezos, Augur, Civic, and other
    ICOs have pushed the blockchain utility functions into new territories. Smart contracts and the
    development of APIs, which can be layered into or on top of the primary blockchain
    infrastructure, now present the world with pervasive options for deploying a peer-to-peer
    network that reaches across international borders.

    VVTokens has leveraged this evolutionary process to present a solution to the unbanked and
    underbanked populations throughout the world.

    CyberBank™

    VVTokens’ CyberBank™ products leverage the VVChain™ to add value to users of
    cryptocurrency in a manner similar to the way the Internet added value by enabling connectivity       
    between local intranets, the VVChain™ adds value to individual blockchains by creating
    connectivity between them. The VVChain™ network is the internet of blockchains.

    The Underbanked and Unbanked

    Two billion people worldwide remain unbanked, without access to capital and a means to
    participate in today’s electronic economy. A high percentage of banked customers in emerging
    markets are constrained by high fees and low access imposed by governments and financial
    institutions limiting their total access to capital.
    Eighty-nine percent of adults in high-income economies report having an account at a formal
    financial institution; in developing economies, only forty-one percent of adults do. VVTokens
    aims not only to serve the unbanked, but also the underbanked. These are people who have
    poor or unreliable access to formal financial services – for example, customers who open a
    bank account to receive government payments, but withdraw all of the money immediately and
    thereafter operate in cash. In the United States, there are roughly 28 million unbanked
    individuals but as many as 51 million adults are considered underbanked. Without access to a
    formalized capital, the underbanked and unbanked are left to transact in an underground
    economy in often depreciating, risky, wasteful and inconvenient ways. Unbanked and
    underbanked citizens waste time waiting in line to pay for utilities, bills and children's school
    fees in cash. Small, independent business owners are often forced to engage loan sharks who
    charge very high rates. Cash savings are depreciated with high emerging market inflation, as
    most unbanked people have no means of realizing the appreciation of their cash resources.
    Digitizing payments, ledgering capital and unlocking a new mobile ecosystem using the
    blockchain will create more access and capital for those presently overlooked by banks.

    CyberBank™ Wallet

    VVChain™ provides transaction security through a proof of work model. Additionally, due to the
    open source nature of smart contracts on the blockchains, the permissionless framework allows
    public verification for each transaction. The constraints of the traditional financial industry are
    removed and transactions costs are greatly decreased. VVChain™ is a true peer-to-peer and

    trustless network, where the parties set contract parameters that do not rely on a centralized
    organization for approval or consensus regarding the contract’s execution.
    For those who may reside in a country where access to identity verification and identity
    management protocols aren’t widely available, VVChain™ provides a reliable identification
    system for both individual users and institutions. Our Smart Invest™ system offers a potential
    for a rate of return on user deposits and is fungible through a cryptocurrency exchange where
    the monies can be abstracted to either another cryptocurrency or a fiat currency.

    Token Sale Terms

    VVToken MECHANICS

    Soft cap on crowdsale: USD$22 million
    Hard cap on crowdsale : USD$30 million

    Token Sale Bonus
    ● $0 - $4.5m 30%
    ● $4.5m - $8m 20%
    ● $8m - $11.5m 10%
    ● $11.5m+ No Bonus


    VVToken Creation Event

    VVTokens will only be created during a single event commencing December 5th, 2017 at
    12:00PM EDT. VVTokens aims to create up to USD$30 million of VVTokens for sale in
    exchange for ETH. The maximum number of VVTokens minted will be 1.5 billion
    (1,500,000,000).
    VVTokens will be sold with Bonus to early buyers at a rate sliding from 65 VVTokens : 1.00 USD
    equivalent in ETH down to 50:1.00 USD equivalent in ETH, terminating at the 1.5 billion minted
    VVTokens mark.
    Three “Bonus Tranches” which increases the number of VVTokens delivered per USD$1.00
    equivalent in ETH, according to the following formula:

    Tranche 1: 

    USD$0 to USD$4.5 million
    65 VVTokens per USD$1.00 equivalent in ETH

    Tranche 2: 

    USD$4.5 million to USD$8 million
    60 VVTokens per USD$1.00 USD equivalent in ETH

    Tranche 3: 

    USD$8 million to USD$11.5 million
    55 VVTokens per USD$1.00 USD equivalent in ETH

    Standard Tranche: 

    USD$11.5 million to USD$22 million
    50 VVTokens per USD$1.00 USD equivalent in ETH (no bonus)

    Following the USD$22 million mark, a 24 hour period will begin where an additional USD$8
    million, up to USD$30 million USD equivalent in ETH, total will be raised, or until 1.5 billion
    (1,500,000,000) VVTokens are minted, whichever comes first.
    If at any time, 1,500,000,000 VVTokens are minted, the token creation event will close. The
    number of available VVTokens to purchase during the ICO before and following the USD$25.5
    million mark is variable, depending on the number of VVTokens pre-sold before the token
    creation event, and will never exceed 1,500,000,000.

    TOKEN LAUNCH - DATES
    PRE LAUNCH Sept 1, 2017 beginning at 12:00pm EDT
    LAUNCH Dec 5, 2017 beginning at 12:00pm EDT

    Links:

    White Paper:

    Website:

    Blog:

    Telegram:

    Twitter:

    Bitcointalk:

    slack:

    E-Mail



  • VVTokens FAQ

    Why did you start this company? Tell me about VVTokens .

    VVTokens was founded to provide a platform offering payment security and mobile affordability
    that utilizes the security and reliability of the blockchain while delivering an asset appreciation of
    the user’s balance. VVTokens delivers two principal products on this platform. First, the
    CyberBank™ Platinum Debit Card, an easy-to-get debit card for unbanked and underbanked
    people. These are typically lower-income consumers who are restrained by the cost of mobile
    services and don’t have a debit card or bank account because of their personal financial
    situation.

    The other product is the CyberBank™ Black Card, a cryptocurrency-based debit card delivering
    a platform that can be leveraged by individuals who prefer to minimize or eliminate
    intermediaries in their financial transactions. In addition, the CyberBank™ Black Card will allow
    for a near-instant transfer of value into and out of numerous currencies or for the exchange of
    value in a private and secure manner. This will provide the ultimate in flexibility, liquidity, and
    anonymity for high-net-worth individuals. The main technology behind both of these products is
    blockchain, widely defined as a digital ledger in which transactions made in Bitcoin and
    Ethereum or other cryptocurrencies are recorded chronologically and publicly.

    Why did VVTokens choose an ICO?

    We believe there is tremendous opportunity for the blockchain to augment our current offerings
    and become the foundation across all of our products and services, given its decentralized and
    secure ledger system.
    VVTokens chose to raise funds through an ICO because it is a better fit our business model as
    a blockchain company that seeks to provide an international financial solution providing a broad
    spectrum of services to a diverse array of users. For those who aren’t active participants in the
    centralized and heavily regulated banking industry, VVTokens will provide low-threshold access
    to several financial services via a prepaid debit card targeted to low-to-middle income users. For
    individuals of means, who are seeking an elegant methodology that allows them to capitalize
    upon the features and flexibility of combining cryptocurrency and fiat currency in a single
    financial platform, VVTokens will provide a feature-rich CyberBank™ Black Card that will enable
    them to smoothly switch currencies using a VVTokens’ blockchain called VVChain™.

    Why Blockchain?

    Blockchain structure provides features like security, decentralization, and governance.
    VVTokens’ blockchain, called the VVChain™, will have smart contracts managing open source
    program code anyone can read and validate, but no one can change. Because the VVChain™

    is an incorruptible digital ledger designed to track economic transactions in multiple currencies,
    it can be programmed to record virtually anything of measurable value, not simply financial
    transactions.

    What is a VVToken ?

    A Cryptocurrency that it will be exchanged from the user wallet to other cryptocurrencies to
    speculate the value through our Smart Invest™ algorithm.


    What are you going to use the ICO funds for?

    VVTokens will use the funds in the ICO crowdfunding token sale to develop our market
    worldwide and to fund the final development and launch of its new blockchain consumer finance
    platform, CyberBank™.


    What amount is being raised? What is the cap of the tokens? Will there be a follow on
    offering?

    The goal is to raise the equivalent of USD$30 million in ETH by selling 1,500,000,000
    VVTokens ; this will determine the exchange rate, which will be set immediately before
    deploying the contract. Following the ICO, the value of VVTokens to ETH will float according to
    the market. There is no plan to have a follow-on offering.

    Which cryptocurrencies are accepted in the crowdsale?

    ETH will be accepted in the crowdsale. You will be required to have an Ethereum wallet pointed
    at the token/crowdsale address to participate in the crowdsale.

    VVTokens are Ethereum derived tokens. If you hold BTC or some other crypto-currency it can

    be exchanged for ETH and used to participate in the crowdsale.

    What is the price of the VVToken ?

    The goal is to raise the equivalent of USD$30 million in ETH by selling 1,500,000,000
    VVTokens ; this will determine the exchange rate, which will be set immediately before
    deploying the contract. Following the ICO, the value of VVTokens to ETH will float according to
    the market. There is no plan to have a follow-on offering. Crowdsale purchased VVTokens will
    be transferable once the ICO closes.


    When the crowdsale begins?

    The crowdsale will begin on December 5, 2017 at 12:00pm EDT and remain open for 30 days or
    until 1,500,000,000 VVTokens have been sold and the hard cap is reached, whichever occurs
    first.


    How will VVTokens store ETH?

    VVTokens will use an Ethereum multisig cold storage wallet to store ETH. Company executives
    will be the owners of the wallet.

    Are VVTokens transferable?

    Crowdsale purchased VVTokens are immediately transferable.
    VVTokens can be transferred into and out of the VVTokens Internal VVToken Ledger.
    VVTokens are a product, not a security.

    Why the VVToken ?

    1. Give the bank benefits for those unbanked and underbanked.
    2. Provide the ability to generate an asset appreciation of the user’s balance from
    cryptocurrencies.
    3. The debit card can be used as any other regular debit card
    4. Secure the money in a decentralized ledger
    5. Remittances via blockchain decentralization.




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