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value promise protocol ICO logo (small)

Value Promise Protocol ICO

Ended
Finance / Banking

ValPromise determines if promises are honored, basing on the public monitoring data via Internet. It allows any individual or organizations that satisfy the rules of the system have access to release their own promises (contracts), while any individual may accept promises(contracts) issued by counterparties with their trust on the fairness and enforceability of the contract itself, which solves problems of collaboration regardless of geographical differences and regulatory differences. Specifically, the ValPromise project will focus on the risk management area which scales up to over $1 trillion annually and deliver with a decentralized promise mechanism involving in releasing and trading. They aim to build a fully trusted,more efficient and cost-effective collaboration system of global risk management.

Value Promise Protocol(hereinafter referred to as “ValPromise”), is a universal protocol to resolve the decentralization of certain financial contracts for free issuance/trading, ultra low cost deployment application that apply to all public chains that support intelligent contracts. In ValPromise system, all the futures, options and index insurance contracts that are linked to objective and open indicators can be produced and developed. The realization includes global cross species, cross-regional free financial asset investment, risk management (insurance, futures, options contracts, option contracts are freely traded without centralization) needs.The agreement is especially applicable to users with special financial products requirements, as well as professionals with the ability to design financial products, and national employees of the existing financial system.

Description of Token (Utility/Use Cases):

Transaction fee
Users will pay a portion of the transaction fee for any value commitment contract they trade. Fees are shared with ValPromise exchanges, agents, marketmakers and contract authors.

Template issue fee
Anyone can create a contract template, and in order to ensure that the template is not spammed,ValPromise will pay a portion of the distribution fee when the contract template creation takes effect.Based on the above token mechanism, the ValPromise value commitment agreement will be positively driven by the token economy. Encourage the generation of high-quality contract templates, encourage excellent agents to recruit more users, reward better quotations and market ,makers in order to improve the vitality of the ecology

Gecko Rating
Unrated
Social Stats
Telegram Users
52,681
Twitter Followers
341
Ico Ended
Website Whitepaper
Token Details
  • Whitelist
    -
  • Pre Sale
    3 Jul 2018 - 10 Jul 2018 (1.0 ETH = 52000.0 vpp)
  • Public Sale
    13 Jul 2018 - 13 Jul 2018 (1.0 ETH = 52000.0 vpp)
  • Ticker
    vpp
  • Platform
    Ethereum
  • Country
    Singapore
  • Accepting
    ETH, BTC
  • Restrictions
    • China (Total Restriction)
    • United States (Total Restriction)
  • Total Raised
    -
  • Soft Cap
    10,000 ETH
  • Hard Cap
    20,000 ETH
  • Total Tokens
    5,000,000,000
  • Available For Sale
    15%
  • Bounty
    -
  • KYC Required
    true
Team
Team Members
Xiang Tao profile picture
X
Xiang Tao
AnnaZhang profile picture
A
AnnaZhang
Eddie profile picture
E
Eddie
Wang Hui profile picture
W
Wang Hui
Liu Shi Ming profile picture
L
Liu Shi Ming
Advisors
Zhen Jiao profile picture
Z
Zhen Jiao
Lao Wei Xin profile picture
L
Lao Wei Xin
Raymond Yang profile picture
R
Raymond Yang
Melody He profile picture
Melody He
Ivan Zhang profile picture
I
Ivan Zhang
Investors
Wang Lijie profile picture
W
Wang Lijie
Wang Gang profile picture
W
Wang Gang
Wu Xiaoguang profile picture
W
Wu Xiaoguang
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