New VMC Stellar Blockchain Security Token Offering Coming To The Netherlands
New Stellar Security Tokens In The Offing According To VMC
As new uses for distributed ledgers and blockchain technology continues to surface, a myriad of shrewd businessmen and innovative enterprises are unearthing ways of tapping into the potency of this new venture with existing models. One of the most promising startups to date, VMC, is already on the frontline of solving problems associated with mass mobility. And it is doing this by amassing funds through a crowded sale dubbed as Netherland's pioneer Security Token Offering. Using the capital that will be raised from this crowd sale, the enterprise plans on developing a blockchain-powered solution that is tailored to capture a chunk of the massive $500 billion mass transportation market.
In an official update, VMC officials made it clear that they plan on using the now popular Stellar blockchain network to digitize and streamline the payment systems for this venture. In doing so, they will effectively oversee the inception of Netherlands's first crypto-and-blockchain-powered mobility solution. What's more, it is no secret that the technology can also be leveraged for anything ranging as far rideshare airlines or taxi-sharing apps.
In light of this, the company also heralded the launch of its very own security token labeled as VMC-ST. And according to official communications, the instantly scalable, lightning-fast and incredibly energy-efficient properties of the Stellar network made it a good option for the implementation of this VMC token system.
Tokenizing And Digitizing The Mass Public Transport Industry
VMC is not a new comer in the blockchain-based mobility industry, it has in the past collaborated with partners such as Deutsche Bahn and Arriva to design a blockchain-powered bus. The startup is expected to structure and build a new mobility-based platform via a new age duel-token financial system. In this case, fees will now be charged directly through the platform original utility token. This also implies that investors, VAI and other stake holders will be expected to get a stake in the company through acquiring VMC-ST security tokens.
According to the announcement, the holders and investors of VMC-ST will stand a chance of receiving close to 40% returns that will be based squarely on the length of time that the token is held and the rewards system for those who are short-term investors. Furthermore, instead of just sharing profits as it is usually the case with other conventional securities, the new VMC has plans in place of rewarding investors with revenue that is flowing directly after being sourced from user fee transactions. The company will additionally distribute proceeds emanating from its newly-launched open-source platform.