What is ValueCash?
ValueCash is a completely decentralized and self-governing Commerce entity. With ValueCash, Holders can make payments for goods and services while simultaneously creating new ValueCash through purchase and acceptance.
The ValueCash ecosystem is designed to contribute its distinct protocol as a key component of the growing crypto-economy and a market driving catalyst to reform the existing status-quo of the Commerce Sector and the Blockchain Technology.
Mission
To give the community direct and easy access to discounts and rewards opportunities in the Sectors mentioned above. The VALUECASH ecosystem is based on the concept of “The Proof of Trade”, which utilizes the collective Validation of Traders rather than that of Individual Miner.
VALUECASH’s unique strength is our team’s ability to enable one-of-its-kind Protocol, powered by the technical know-how of an established industry, which combines the robust concept of Commerce, Exchange, Escrow and The Blockchain Technology to create evolutionary value. We are bringing state-of-the-art financial software platforms to the market, which supports our vision and mission regarding this innovative and reformative project.
Platform
The ValueCash platform uses the smart blockchain technology system, to provide borderless opportunity which are profitable and legally backed. The platform ensures its users’ information are secured and private, while the terms of contract remains transparent and mutual. The smart blockchain technology system is sturdy and configured to only execute according to the contract terms, making the platform free from domination, influence, pressure, manipulation or misinterpretation.
The Valuecash platform provides a fairer forum for users to connect with one another, assist one another and transact in a manner that suits them. All of these are achieved using only ValueCash token, thus providing meaning for its existence and stacking demand in the marketplace.
What is PoT Protocol?
ValueCash houses a distinct protocol, called the PoT Protocol “Proof of Trade”, which combines the robust concept of Commerce and the Blockchain Technology, using cryptographic techniques to disrupt and reform. The PoT protocol is configured to put power into the hands of the Crypto-Community by becoming Validators of their transactions, while also creating 10% new ValueCash coin as a reward.
Problem
- Inflation has made the world forget about the GOLDEN AGE. We do not seem to understand why $100 in the year 2001 can not afford what it could, this year. Yet, wages and salaries are not increased while death rate increases in war, crime and diseases just to mention a few because we can not afford our future.
Solution
- ValueCash as a cryptocurrency is designed with the concept of the PoT Protocol which empowers people to earn while they spend. With this, people will be encouraged to work harder and smarter. People will have more spending money and greater freedom of choice will take its shape among mankind.
Promise
- We are building a Blockchain and Commerce Ecosystem in a different dimension and we want our community to be part of it as our token Holders and Validators. As much as we believe in the democratization of digital transaction, we also believe in returning power back into the hands of the community.
ValueCash Coin Creation and Distribution
If a Buyer patronizes a Merchant of goods worth 100 XVL, 10% of the transaction Volume which is 10 XVL, will be created as new ValueCash and will be distributed among the Buyer, Merchant, Affiliate and Blockchain Security and Project Development in the ratio 5:2:1:2 respectively and added to the current ValueCash supply.
This means that Buyer gets 50% of the New Coin, Merchant gets 20%, Affiliate gets 10% while 20% goes to the Security of ValueCash Blockchain Network, Future Development and Marketing.
The Value Token
The value token of the ValueCash Blockchain is called ValueCash while ValueBit is the smallest unit of the ValueCash currency recorded on the Blockchain. It is one trillionth of a single ValueCash (0.000000000001 XVL or 1 XVL = 1 000 000 000 000 ValueBits). The unit has been named to further corroborate the future growth of ValueCash because of its limited Maximum Supply of 18 000 000.
Predefined Maximum Coin Supply - 18 000 000 ValueCash :
• Pre-mined - 3 500 000 ValueCash
• Proof of Trade - 12 000 000 ValueCash
• Proof of Stake - 2 500 000 ValueCash
Pre-mined - 3 500 000 ValueCash :
• Founders & Development Team - 500 000 ValueCash
• Early Investors - 300 000 ValueCash
• Initial Coin Offering - 2 700 000 ValueCash
Initial Coin Offering ICO - 2 700 000 ValueCash :
• ICO Sales Bonuses - 300 000 ValueCash
• Pre ICO/ ICO Phase I Sale - 200 000 ValueCash
• ICO Bounty - 200 000 ValueCash
• ICO Phase II Sales - 2 000 000 ValueCash
ICO and Fund Usage
Main goal is to establish a working Organisation with cash positive revenue stream in the shortest time frame possible and achieve a stable growth of the organisation and community. That is why we have set a maximum purchase of 2 000 ValueCash token and a minimum purchase of 10 ValueCash token for each contributor during the ICO.
The proceeds of the funds raised will be used to deliver our goal of disrupting the cryptocurrency industry and create an opportunity for Valuecash community members to take control of their financial Lives and create enormous ways of earning and creating more wealth for themselves for even an equal chance of wealth creation through an open, transparent, and returns-based for all our users and contributors.
This will entail additional human resources within the team to deliver on our project development timeline.
- 30% of the funds raised will be allocated to development task.
- 45% of funds raised will be allocated to Branding and Marketing in order to drive community awareness and grow our community user base. This budget will go towards the creation of marketing resources, both in terms of content and ensuring we have the appropriate human resources to drive our brand via the appropriate channels.
- Over and above development and marketing expenditure, 15% of the fund allocation will be incurred in some administrative, legal and other operating expenses which will form part of the usage budget.
- 10% will be kept in reserve to cope with any emergency or unexpected situation that might come up.
Project Development Timeline
Meet the Team
Web : https://valuecash.com
Facebook : https://www.facebook.com/valuecashxvlcoin
Reddit : https://www.reddit.com/user/valuecashxvl/
Bitcointalk : https://bitcointalk.org/index.php?topic=2887608.0
Twitter : https://twitter.com/valuecashxvl
Instagram : https://www.instagram.com/xvlvaluecash
Medium : https://medium.com/@valuecashcoin
Author: Hurricanecol
My Profile link: https://bitcointalk.org/index.php?action=profile;u=1576406
Eth Address: 0x43D58a3D64062e4E2cF6aD285c7FE3a8B25741cC