Since a few months, ICOs or Initial Coin Offerings are the hottest and most discussed topic in the area of investment and blockchain technology. An ICO is basically a crypto and blockchain based Initial Public Offering. You can refer to ICOs also as IPCOs - Initial Public Coin Offerings.
In the recent weeks, companies were able to raise as much as 100 million dollars worth of cryptocurrency within just a few hours. An unbelievable deal which is impossible in traditional business angel or venture capital financing. An ICO became the easiest way today to raise outside funding by selling equity.
Many say that the biggest problem of an ICO is the lack of regulation. In fact, ICOs are basically completely unregulated. However, the lack of regulation might not be the largest problem. The problem is rather the lack of company valuations and evaluation. Tiny teams of as much as two or three founders are able to raise millions of dollars worth of cryptocurrencies within a few hours without showing any prototype, real product, market validation, great team, nor knowledge.
Most ICOs are solely based on a white paper - which is a technical scientific paper describing the underlying technology of the product. The White Paper is basically the business plan or business model canvas for crypto startups. These white papers are highly technical. I highly doubt that all investors or speculators understand them. As a result, speculators invest into companies without a prior evaluation, without a working product, without an established team, without even understanding the technology behind it.
The Vertex Platform is the first ICO aftermarket and solves most of these challenges. Users can have access to a single token market place through within which they are able to access numerous ICOs that have been vetted by a team of experts. Buyers are able to invest into closed ICOs, with the benefit of receiving exclusive prices that are mostly better than the prices issued by ICOs to the public. The risk of investment is reduced because the tokens in the market are only those that have been evaluated, bought by Vertex and have an above average chance to succeed.
Vertex provides the opportunity to access ICOs that have been vetted by investment experts and would otherwise be out of reach, with the ease of having a single point of entry into the market for several different tokens. In a normal process, any potential buyer must create a profile and go through KYC procedures for each specific ICO they wish to invest in before it is listed on an exchange. An ever-bigger obstacle for investors is that the best ICOs often never go public, making them unavailable to 95% of the crypto community that is not going to conventions or meetings to participate in ICOs. Finally, Vertex will help investors choose which ICO to invest in based on fundamentals and experience, overcoming another huge barrier which most investors fail to surpass.
Every ICO that passes the Vertex evaluation process will enjoy numerous advantages leading to more and/or better investment, with investment into their token coming from seasoned, disciplined investors. Their ICO will get a reputational boost through the Vertex Seal of Approval, and free advertisement on the Vertex Platform. Through this token market place, ICOs will have access to a wide pool of pre-approved investors, that have already gone through the KYC process on the Vertex platform. Finally, 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.
The Vertex public sale will be open for 3 and a half months, beginning on October 1st , 2018, and ending on January 25th, 2019, or, alternatively, before then if all the Vertex tokens earmarked for public sale are sold. This ITS will have some special characteristics that fit well with its Token Market model. Among these is the sale model, which will include incremental token prices every time a milestone is reached. Once a milestone is reached, the price of the token will go up by $0.01 USD. Milestones are broken down into 15,000,000 VTEX segments. The starting price is set at $0.22 USD and the increments will take place as follows:
THE PROJECT ROADMAP.
TO KNOW MORE ABOUT THE PROJECT,
Website: https://vertex.market
Whitepaper:https://vertex.market/static/whitepaper/vertex_whitepaper.pdf
Bitcointalk ANN:https://https://www.beermoneyforum.com//index.php?topic=4630951.0
Medium: https://medium.com/@official_83664?source=linkShare-5ab3c3779778-1529055568
Twitter: https://twitter.com/Vertexplatform
Telegram: https://t.me/Vertexmarkeplace
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