Introduction: Investor Vulnerability In CryptoSpace
Blockchain technology is rapidly finding applications in virtually every area of human lives. In 2017 alone, more than a thousand new ICOs were launched for blockchain projects, and it didn't require up to halfway into this year for those numbers to be exceeded .
As a result of this rapid growth, fraudsters began to infiltrate, trying to key into the cash flow in the industry .The problem is, these fraudsters are quite difficult to identify. They come in form of every other ICO, with an appealing name,claiming to solve a problem, a whitepaper, a website, a team of developers and advisors etc. What they basically aim for is to siphon money during initial coin offerings by trading their tokens to investors for already renowned cryptocurrencies and fiat currencies . These investors believe in the success of these projects and proceed to fund them with their money,while hoping to cash-in on these tokens when the projects actualise their vision. This is not to be however as those behind such projects simply make money by trading their coins and then disappear/abandon these projects after initial coin offerings, leaving investors with worthless and useless tokens.
In this article, we shall take an extensive look at Vertex and how they aim to eliminate investor's vulnerability by handling investment vetting processes.
The Vertex Solution
Vertex is an "ICO aftermarket platform" that evaluates tokens for investors, allowing them to only participate in ICOs with very high chances of success and low risks. This goes a long way in tackling issues of redundancy and presence of visionless ICOs overtaking the cryptosphere . Vertex also gives a chance to less experienced investors with very little knowledge of market situations to invest money in tokens which they themselves invest in,ensuring a highly reliable and efficient vetting system.
To ensure growth of not just vetted ICOs but also their own platform, the ecosystem is designed in such a way that users must possess vertex tokens in order to purchase those vetted .
THE VETTING PROCESS
Vertex makes use of the wealth of experience of analysts and private equity investors who have overtime developed their own methods of vetting . By fusing various methods of experienced investors, the vetting process usually yields two categories of ICOs which are : those that have merits and require only a small fraction in investments and those that have prospects of transforming . The latter user requires larger investments to reap maximum profits . While vertex usually buys tokens of ICOs in both categories, it is necessary to be able to differentiate so as to enable proper allocation of investments .
Benefits of Vertex
Vertex has its benefits to virtually every player in the crypto world, from investors, to ICOs, to even the ordinary crypto enthusiasts. In doubt ? Let's see !
Source
To Investors
Investors are now less vulnerable to falling victims of ICOs built to siphon money,thanks to vertex. They are also relieved the stress of having to analyse market situations,profit and losses,and then potentials of new ICOs .All these are left to be taken care of by Vertex's expert team of investors . Basically, all investors have to do is buy vertex tokens and purchase tokens from ICOs with high prospects of transforming the world .
To ICOs
ICOs that have been deemed to be full of prospects by Vertex will enjoy numerous benefits in the crypto world, most notably being able to attract investors easily.
Vertex's evaluation will be seen as a benchmark or as a seal of genuity and futuristic prospects, which are tags which all ICOs will love to bear on inception.This will also drastically reduce the number of dormant ICOs, and there'll be no reason for people to create ICOs with the purpose of siphoning funds from sale of tokens.Such ICOs will definitely not pass Vertex's evaluation and at such,will not attract investors .
To the crypto community
By providing a precise vetting system, Vertex contributed directly to the growth of the crypto community. Less dormant ICOs means less worthless tokens and less loss for investors . This welcomes even more investors and brings us significantly a step closer to attaining global cryptocurrency adoption.
Why Vertex ?
- Saves investors time and money
- Significantly trims down number of misleading ICOs
- Enables investors yield more profits through effective vetting processes
- Ensures a growing cryptosphere by attracting investors
- Helps investors with little or no experience make profitable decisions
- Helps ICOs with potentials to achieve their vision by providing proper evaluation which helps build investor trust.
Use Case
Daniel is a crypto investor and enthusiast who ardently believes in the future of blockchain and it's diverse applications. As his way of contributing to the growth of the cryptosphere and making some side cash, he often buys tokens of relatively new ICOs with the hope of cashing in on them, when they gain some recognition.
Often times, his intuition and personal research fails him. The teams behind these ICOs abandon these projects, leaving investors like Daniel to suffer losses.
Not deterred into abandoning his passion like these ICOs, Daniel purchases vertex tokens immediately he hears about the platform and what it offers; allowing the vertex team of expert investors provide a comprehensive list of tokens for investments.
After thorough and in-depth market research, vertex expert team recommends 3 transformative ICOs, which Daniel immediately invests heavily in. After crowdsale, the team of these ICOs are confidently accomplishing tasks in the roadmap,the projects are fast amassing recognition and investors are willing to throw their full weight!
A happy Daniel is able to make over 200percent profit on token sale, being an early investor in these projects.
He doesn't just make profit but saves time and money while doing so !
Tokenomics
Vertex tokens (VTEX) is the native token used for transactions within the Vertex ecosystem, most notably to buy vetted tokens.Here are some of its features :
Total supply: 300,000,000 tokens
Hard cap: $44,700,000
Soft cap: $3,000,000
An image showing token distribution:
Summary
Issues of abandoned projects and investor vulnerability has severely hampered the growth of the cryptoworld. With vertex, investors will make more precise decisions regarding which ICOs to invest in,aided by a team of expert investors who know the ins and out of the industry.
Team
Roadmap
INFORMATION AND RESOURCES
Learn more about this project by visiting their website or read their whitepaper
If you have any questions on this project, please feel free to ask in the comment section below .
Authors name : danielwrites
BitcoinTalk username: iamdannyel
Bitcoin profile: https://bitcointalk.org/index.php?action=profile;u=2340831;sa=forumProfile
Twitter: www.twitter.com/iam_dannyel
great piece!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks bro . Please do well to check out vertex :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks bro . Please do well to check out vertex :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @danielwrites! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of upvotes received
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
Do not miss the last post from @steemitboard:
SteemitBoard and the Veterans on Steemit - The First Community Badge.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit