About Velocity Token VTN
Velocity is touted as the next generation lending platform which will use advanced artificial intelligence in the ever volatile cryptocurrency markets to ensure traders generate maximum profits. The platform will monitor the market predicting the pumps and the dumps. This will allow you to earn interests from your capital. So, what is this? Velocity Token is a decentralized, self-regulated peer-to-peer network whose motto is speed, therefore the name velocity.
The token is an ERC-20 token that is built on Ethereum blockchain. It will be fast to transfer the token that it is with bitcoin. This lending platform will be premised on artificial intelligence, market trends and trading bots.
How the Lending Concept Will Work
Once you buy the tokens, you’ll have a chance to lend your tokens to the artificial trading platform. The platform will use bots and trend recognition algorithms to generate revenues. This means that you’ll receive interest as per the revenue generated. While the daily interest will not be fixed, you’ll be assured of a daily bonus up to 0.30% as per you lending tier. The good thing is that you can still reinvest the daily interest back to your lending agreement.
After the expiry of the lending agreement, you can receive your capital back as dollars. While there are other lending platforms in the market, Velocity seeks to be different. Besides lending, the platform will also enable staking and plans are underway to allow the use of the token in eSports betting platforms.
The platform will offer an affiliate program which will run on three tier bonus scheme. You will earn a bonus from what other investors in your down line lend to the company. In this regard, the more investors you have in your down line, the more bonuses you will earn. You also have a chance to earn promoter bonuses that will be awarded as airdrops.
This means that if you have a bigger down line and are also influential in the social media platforms, you will have be paid for the effort put in. in other words, the more referrals you generate, the more you will earn. You can easily take advantage of your current network in the crypto industry and earn huge bucks using Velocity.
Velocity Token VTN ICO
To fund this venture, the developers have decided to ask for assistance from the public through crowdfunding. This will give the public an investment opportunity in an idea that is likely to bear fruits in the near future. Let’s look at the details of the ICO:
- Token name: Velocity
- Symbol: VTN
- Accept Currency: ETH
- Public Sale: January 31 to Feb 21, 2018
- Value of the token: 1 ETH = 1000 Cube tokens or 1 CUBE is 0.001 ETH
- Total Tokens: 12,000,000
- Total tokens for sale: 4,000,000
The ICO will be divided into five rounds which will run back to back. The unsold tokens in the first four rounds will be combined together in round five. To put the interests of the investors first, the unsold tokens at the end of the token sale period will be burned. This means that the number of existing tokens will go down, hence creating more value.