The ICO market is still a market filled with gaps and nuances that turn it into the wild west of cryptocurrencies. A new project is trying to come up with a solution to this problem. Vertex is building the next generation of ICO platform which will provide a trusted environment for the assessment, evaluation, and validation of Initial Coin Offerings (ICOs). The features Vertex claim to try introducing will make newbies, and professional Investors attempt to use the Vertex platform.
The Vertex ecosystem is centered around the ICO vetting process, the platform and the VTEX token. These three pillars create an economy for ICOs, in which projects that are carefully vetted get investment from Vertex, which in turn sells the tokens it acquires on its platform. Both the purchase of tokens from ICOs by Vertex and the subsequent sale of those tokens on the Vertex platform, are done using the VTEX token. Purchases from ICOs are partially funded with VTEX while user purchases of tokens on the platform must be done using the VTEX token only.
These interactions create a system in which users seek to buy tokens on the Vertex platform because they are carefully vetted and sold at preferential prices. ICOs on the other hand, seek to get investment from Vertex because they get direct funding and through the Vertex platform they can automatically reach a wide range of users that have already gone through the KYC process and also get access to investors behind Vertex Capital.
WHAT IS VERTEX TRYING TO SOLVE?
The ICO market is a lawless badland where you can find all sorts of people. It is a place where many scammers roam and as so, there is an increasing need for a trusted platform that can provide the most accurate information on ICOs.
In the Initial Coin Offerings market, there are a significant number of platforms promising investors the chance of making millions. Every project offers its version of the blockchain as a way of solving a real-life problem. Every project promises added and new features, but overall they all offer pretty much the same, and some of them will never grow to see the light of day.
Even after many of these projects have gone through a meticulous regulation compliance process as well as implemented all KYC features, many are vetted not to survive.
This may attract investors who are eager to make an easy profit with the volatility of the crypto market, but the truth is that the majority of the ICOs are poised to fail. On the other hand, experienced investors have a more careful approach and usually avoid this sort of undisciplined investment as they see this volatility as a negative aspect of this new fast money culture. Vertex aims to solve these issues by offering a platform that validates and evaluates projects and companies using ICOs.
APPROACH
The reason that differentiates Vertex from other projects according to their claim is the fact that it is actually introducing a real solution to a problem that haunts the industry: the undisciplined behavior of the market actors.
To counter the undisciplined behavior of market participants, Vertex said they will evaluate every ICO and after a rigorous vetting process will buy into those ICOs that have passed the company’s proposed standards and approval. Vertex will then sell these newly acquired tokens to the users on its platform. Vertex will also keep some of the tokens it buys as a way of showing its vested interest.
Vertex said they have a team of professional and experienced investors whose mission is to meticulously evaluate each ICO token using traditional methods regularly used by angels and seed investing companies. Vertex will then buy into these tokens and keep some as long-term investing while selling the remaining tokens to its platform users.
Vertex is also incorporating the core principles referred by Smith & Crown on self-governance as part of its methodology to evaluate ICOs.
THE BENEFITS OF THE VERTEX PLATFORM
Users and ICOs will benefit from the deployment of the platform, the token and the vetting mechanism. Vertex will create a win-win situation for everyone involved, by delivering on the following:
ROADMAP
July 2018
Private sale
August 2018
Public sale
December 2018
Closure of public sale
January 2019
Launch of Portal (vertex market)
March 2019
Protal available for public
May 2019
Launch of Fund (vertex.fund)
June 2019
Launch of Vertex Wallet
October 2019
First vertex.market exclusive ICO's
December 2019
Launch of Vertex Premium Token
TEAM
CONCLUSION
The Vertex platform will offer unique features and implement KYC standards to anyone wanting to participate in the Vertex market. It will offer exclusive access to ICOs and tokens that can only be acquired through Vertex. Besides, the platform user will find tokens at lower prices because Vertex bought into in an early stage and made available at reduced rates.
Read More On
https://vertex.market/
https://vertex.market/static/whitepaper/vertex_whitepaper.pdf
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