AdVulture ICO (VUL Token): Blockchain Advertisement Blocker?
Lots of internet users are familiar with ad blockers to help smoothen their browsing experience. Ad blockers help prevent, malicious and annoying ads which give you a peace of mind and saves time. However, most Ad Blocks are running in losses and have faulty business models. AdVulture wishes to change all that and is pushing to develop a platform which is mutually beneficial for both the users and the company.
AdVulture is a cross-platform advertisement blocker that integrates untraceable cryptocurrency technology as a reward based system for using the product. To make a webpage appear clear and faster, it removes all the advertisement which in turn improves the battery life and performance of your device.
Once enabled, any advertisements that the user receives will be blocked except for the ones whitelisted. Users have the option to whitelist domains from which they would like to receive advertisements on specific websites. Eventually, users will receive Vul(AdVulture’s native token) as a reward for using AdVulture.Vul will be distributed to the users for using their Ad-Block. This way distribution can easily be spread out and the users will be rewarded for loyalty. To encourage early adoption, in preliminary stages airdrops will hand out the tokens.
Advantages of The AdVulture Project
- Competition: There has been a malpractice going on in the AdBlockers community which breaches the trust of the users. Websites pay them a large sum of money to whitelist their domains. It seems almost ironic the business model of ad blockers has turned out to be selling advertisements. AdVentures pledges to never get into such practices as protecting and serving users is the top priority.
- The Coin: Only 5 million tokens will be in circulations with no option of increasing the total token supply. Early investors have the privilege of getting the tokens at discounted price and opportunities to receive large quantities of the coin via airdrops.
- Reward System: This might be the most attractive feature of the platform. Users get paid to use advertisement. The users get paid in Vul to use the plugin which pretty much makes it free money.
VUL is an ERC20 token powered by the Ethereum blockchain. Much of the details about the ICO is yet to be released but we know how the tokens are going to be distributed. 1.75 million out of the 5 million total token is allotted for airdrop. This is a massive 35% of the total token supply and is one of the highest percent for airdrop in an ICO. The high number of Airdropped tokens help in its marketing strategies. Apart from the airdrop 1.5 million tokens are for usage rewards, 1 million for the AdVulture team, Bounty program will utilize 0.25 million of the tokens and other 0.5 million tokens will be used for miscellaneous purposes.
The second airdrop will be done in April 2018 and after that efforts will be made in hiring the developers and third airdrop in May and the development project will take off in June 2018.
More can be found out about AdVulture and VU tokens on their website https://www.advulture.com/ .