VRBex, found online at VRBex.com, is a regulated cryptocurrency exchange based in the United States. Find out how it works today in our review.
What is VRBex?
VRBex describes itself as a “secure, scalable, trustworthy, transparent, and regulatory compliant cryptocurrency and security token exchange.”
The exchange is based in the United States, where it was recently founded by experienced professionals from the financial industry.
VRBex announced the launch of its pre-sale on April 23, 2018.
The goal of VRBex is to create a safe and trusted financial services platform where users can trade, store, and make payments with cryptocurrencies. The platform will offer cryptocurrency pairs with the USD, for example, including support for bitcoin, Ether, and Bitcoin Cash. Over time, VRBex plans to expand its offering to include security tokens and other fiat currencies.
How Does VRBex Work?
VRBex plans to operate like most other cryptocurrency exchanges: you’ll be able to securely buy, sell, and trade cryptocurrencies and fiat currencies from your VRBex account. The main advantages of using VRBex include the ability to trade tokens on a regulated exchange, enjoy the transparency of a US-based company, and access robust institutional-grade support tools.
Here are some of the specific ways in which VRBex seeks to meet the needs of the investment community, according to the official VRBex.io website:
- Fiat and cryptocurrency conversion, including USD pairs with major cryptocurrencies
- Listing, purchase, and sale of security tokens
- Digital wallet and digital custody services
- Robust client support and service tools
- Secure record keeping of balances and transactions
- Transparent, secure, scalable, and trustworthy exchange
Overall, the VRBex founding team is accustomed to working in highly-regulated environments – like the traditional financial services industry. They aim to bring that experience to the world of cryptocurrencies. VRBex will be built from the ground up in compliance with regulatory requirements from the United States and other countries in which VRBex intends to operate.
That regulation will include obvious features – like Know Your Customer (KYC) and Anti-Money Laundering (AML) verification. It will also include services like market supervision, communication with income taxation and law enforcement officials, and ongoing partnerships with regulatory agencies and digital currency authorities worldwide.
How Do VRBex Tokens Work?
VRBex tokens are a security token. This isn’t a utility token or a cryptocurrency. It’s a security token that represents a genuine stake in VRBex.
The VRBex Preferred Security Token (VRB) will pay holders a quarterly cumulative dividend of 15% core operating revenue. Token holders who hold VRB within their VRB wallet on the VRBex exchange will also receive discounted transaction fees based on a tiered structure (the more tokens you hold, the lower your fees will be).
Furthermore, token holders who hold VRB within their wallet will receive invitations to participate in exclusive special events and education seminars offered by VRBex.
The VRBex Token Sale
VRBex announced the launch of its pre-sale on April 23. The company is selling about 135 million VRBex security tokens (VRB).
Users can purchase tokens using Bitcoin, Ether, USD, or EUR. You’ll need to complete suitability standards and identity verification online at VRBex.com to participate in the pre-sale.
Customers who pre-register on VRBex.com during the pre-sale period will also receive 30 days of commission-free trading activity on the platform. The commission-free period will begin after registration, and the offer will expire 90 days after the formal launch of the VRBex exchange.
The main ICO for public investors, meanwhile, will take place from June 18 to July 23.
Who’s Behind VRBex?
VRBex is led by company CEO Gene Grant along with COO David Powell. The company’s seven founders have decades of experience in the US financial industry. Grant has 28+ years of experience in the financial services industry, including his most recent position as Managing Director at BBVA. He has also held several other senior positions at global banks, spent seven years as a member of a specialist derivatives consultancy, and worked as a floor trader on the New York Futures Exchange.
VRBex was founded in 2018 in Houston, Texas. The exchange is regulatory compliant in the United States and applicable foreign jurisdictions.
Other listed members of the team include Chuck Ocheret (CTO), F. Stephen Helmholz (Operations Manager), Stephen Redler (Finance Operations), Earl Powell (Security and Talent Management), and Hal Hoodwin (Marketing and Customer Relations).
VRBex is a regulated cryptocurrency exchange based in the United States. The exchange plans to provide traders with access to a secure, transparent, and regulated trading environment. Traders will be able to securely trade cryptocurrencies and fiat currencies, for example. VRBex will also sell regulated security tokens – including the platform’s own security token, the VRB, which entitles holders to receive a portion of company revenue as a dividend.
The pre-sale for VRB tokens is underway from April 23 to June 18, with a full ICO scheduled for June 18 to July 23. You can learn more or sign up for the exchange today at VRBex.io.