On the VTP platform, you can order the emission of such tokens as:
A company wishing to issue its tokens must provide:
The company can order the issue of tokens in an amount not exceeding the amount of its assets.
10% of the total number of issued tokens are transferred to the Company (VTP Platform) as payment for the issue service and to stabilize the price of the produced token.
The main focus of the Company and the Platform's work is the legalization of the issue and circulation of tokens, cryptocurrencies. As part of the registration of the company itself, the choice of jurisdiction where there is legislation on private money is a legal form of circulation of funds, where companies can issue their own money. The basic cryptocurrency of the platform is the VTP token, and, accordingly, all derived tokens on the platform will be a payment index token (coin) of value. This, in essence, is a private currency. This means of payment is not solely a stock, a functional unit, or anything other than the means of payment of a private company that is issued and maintained by the capitalization of the company itself. And the price of this currency is formed on the basis of this. It takes legal part in the turnover, that is, in the future it can be placed on bank cards and paid from them in the form of electronic payment instruments. This legalization in a number of countries will be spelled out at the legal level and adopted at the level of existing legislation.
In addition, within the framework of the platform, a format such as Smart Contract is implemented for each coin and for each payment / transaction. That is, a person who buys such a token for Fiat or another cryptocurrency, signs with his verified digital signature, that is, he goes through the KYC (Know Your Client) procedure under certain conditions and, when buying cryptocurrency, signs for what he bought, and the seller signs for the fact that he sold it. At the same time, within the framework of the Smart Contract it is indicated: which company issued this cryptocurrency, for which company and for which business, on what grounds; on what grounds is the support of this cryptocurrency; obligations of the company on the basis of which the cryptocurrency is emitted (on the basis of the capitalization of which this cryptocurrency is issued); accept this cryptocurrency in payment for goods and services of this company and so on. Thus there is a legal justification for the transfer of ownership. At the same time, each currency unit, each coin, in fact, has implemented a technology for recording the transfer of ownership rights.
On the Platform, the entire tokens turnover system is implemented on the blockchain. But the blockchain works within each individual coin. That is, the system does not have to check the entire chain for all transactions, and the system only checks the chain of transactions for each specific coin, verifies and prescribes a new owner. But the ownership itself is transferred within the framework of the peer-to-peer payment network. That is, it is an analogue of the Lightning Network, an analogue of Rippl. These procedures allow you to make payments quickly, guaranteed, and with verification within the system itself. Plus verification within the blockchain. Smart contracts signed on both sides assume the responsibility of the company that issued this cryptocurrency on the basis of its capitalization. A user who has bought a cryptocurrency, in his office, can press a button and, in fact, print out the agreement on the purchase of tokens (coins), which will clearly spell out the issuing company, the company for which was issued; certain capitalization at this stage; who sold; sold to whom; details and electronic signatures. This document assumes that, if necessary, you can take it to court, within the framework of the relevant jurisdiction.
An example of using the platform.
Regional Coin.
As part of the development of the Company and the Platform, it is planned to register a company in the United Arab Emirates. As part of this company, an emirate token will be issued on the VTP platform with a certain logic.
The token will be 100% gold provided. Any investment that enters the company is immediately converted into gold. It is assumed that this process will be automatic (with some frequency), at reasonable and interesting prices. Under this gold, the bank immediately credits the company in the amount of 98% of the sale price of this gold, that is, the bank keeps, according to the loan conditions, 2% as payment for the loan, but taken forward for a year. At the same time, the company has a reserve stock, that is, some investors who are interested in simply investing the project have a project ownership share, not tokens, so the token will, at a minimum, be provided with 100% gold. All money received in the form of a loan is sent to projects. The company has at least 7 investment projects with several different partners, and, accordingly, all the profits during the year (accounting year or official year) will be fully converted again into gold and, accordingly, the amount of gold per token will grow. It will not grow at a crazy pace, but it will grow. The token will grow precisely in the amount of gold. Thus, with such a binding, the company guarantees that the token is, firstly, provided with gold, and secondly, it is still growing in the amount of gold. There are no analogues of this token. At the same time, it will fully comply with the laws of Sharia, that is, Muslim laws, in accordance with the concept of "money" according to the Qur'an. Because in the Sharia the concept of "money" is commodity, that is, something must stand behind the receipt of a paper note. Much more than a number of national currencies in the same countries.
In addition, investments will increase the capitalization of the company itself, because the net profit is one thing, and capitalization is a little bit more ... Capitalization will assume that the company itself, that is, equity participation, if someone has a company share, will grow at a rate of several faster than the growth rate of the price of the token (or the volume of gold in the token), so the company's share is currently a more interesting investment, because the capitalization will be clearly higher than the net profit. Capitalization will grow all the time, and it is assumed that a number of investors buy a share of 1% to register a company in the Emirates. This 1% ALREADY gives all rights in which the investor may be interested. And this is a business visa, this is access to banking products, this is also the possibility of opening an account from a legal entity, but in a separate bank, with its signature. That is, a person is given the opportunity, on the one hand, to fully legally, on the other hand, fully controlled, transfer certain amounts to this company and possibly in the future to withdraw them to his private account in the form of dividends; for work; other rewards that are not taxed or taxed to a minimum, and, in principle, withdraw your money to this jurisdiction in the UAE. As the company develops, this 1% in the whole company will also grow, the investor will receive a tangible increase in the capitalization of his share. At any time, the investor can sell his stake in the company, but at a higher price. Internal redemption is possible, the company will be interested in redeeming this share, precisely as a company, at the expense of net profit. Plus, you can use a number of benefits or use a number of services that will be provided to the owners of the company in the future. After 6-9 months from the date of the company, the owner of the share in the company (even 1%), can come to the Emirates, can stay for some time, by prior arrangement or by prior request, in one of the hotels in Dubai, in Abu -Daby, take advantage of a number of services, listen to a series of lectures on the company, on the crypto market, on the theory of tokens, on the theory of private currencies, in general, everything that the company will conduct within the framework of the UAE. Well, just use some opportunities for recreation, for business, for participation in projects, for attracting other partners in projects, for attracting investments, perhaps for attracting investments from the Emirates into some of their projects in this territory or in another territory . That is, this one, only, it would seem, a percentage, will give all the same powers as the ownership of a more substantial share of the company, and the company's goal in the future, in the event horizon of 5-10 years, so that the whole company belongs to the co-founders, one by one percent each. Why is that? Because according to the logic of the company, the more distributed the founders are, the more interested they are in the growth of the company, in attracting investments in this project, in the development of their own projects together with the company, and, accordingly, the more capitalization will grow, the more everyone's profit. That is, it is much more profitable when there are a hundred co-founders in the company and everyone works for the company to grow, and creates additional profit than a company in which there will be 1-2-3 co-owners, but with large packages.
Industry Coin
Within the framework of the Platform, it is planned to tokenize and issue industry coins. It is possible to issue cryptocurrency for financial organizations, for a number of businesses, cryptocurrency for entire industries: for tourism, for food, for something else.
Using the work of a venture fund as an example, the idea of creating Venture Coin arose. Venture fund, as a financial organization, it provides a number of advantages. Investments in a venture fund usually start at $ 100,000, and often from $ 1 million or more. This is a certain period of time for the negotiation of contracts, the selection of a number of projects for investment, and so on. That is, the investment process itself can last from 1 to 3 months, an average of 2. And also the time to exit a venture fund can also be from 1 to 3 months, because the venture fund finds other investors who buy this share. And this suggests that the liquidity of investments in a venture capital fund is somewhat low in the sense that it takes time. That is, if an investor needs to get out of this venture fund, this will not be done instantly, because This causes some difficulties in finding new partners that would suit the venture capital fund itself, these are projects in which money is invested. And, again, this somewhat narrows the circle of clients. If a company tokenizes a venture fund, then a unique situation turns out, when, firstly, it will be possible to invest in a venture fund, conditionally from one dollar, secondly, the investment period takes several minutes - how long does it take for these coin to come to you? on purse; likewise, when you plan to sell your share or part of a share (which is sometimes impossible within the framework of classical investing in a venture capital fund). You can sell a small part, or wait for some increase, and then sell only a part, having recouped all your investments, and continue to expect net profit. This, too, in fact, lasts a few minutes until the coins come to the wallet. Maybe seconds.
From all sides for a financial company, in particular venture funds, this is a very interesting option, despite the fact that all conditions are specified in the contract, that is, tokenization is written, who conducts tokenization, the company for which tokenization is carried out; registered customer who buys these tokens / cryptocurrency; all contractual relations are spelled out, there is a complete document flow on the Platform, which is absolutely legal within the framework of the European Union.
Attracting investments to a venture fund through tokenization allows the venture fund to accumulate available funds in a separate managed account, and, accordingly, as required at certain stages, to invest existing projects in the next rounds or invest and select new projects without looking back at investors in private. , to expend efforts and time for 1-3 months for each partner. The number of partners who are willing to go from 100,000 to 1 million dollars is somewhat limited, and the number of partners who are willing to go from 1 dollar to unlimited amounts, such partners are much more. Investors understand that they can buy this secured coin (justified by the capitalization of the venture capital fund), when they see the audited growth dynamics of the capitalization of the venture capital fund, they will understand that, accordingly, investments in the venture capital fund increase at the same rate and they can at any time part To sell this cryptocurrency, to receive a net profit already, or to recoup your initial investment, leave the rest to growth.
This gives much more confidence from investors. And the fund itself is developing more dynamically, it can invest more projects, and in all these projects it can be accepted to pay for goods and services, the same token, Venture Token, a venture fund token can go as an internal unit of account. It also guarantees a more stable and faster growth of start-ups, where the venture capital fund invests.
United token
There are companies that need investments, but who do not want to undergo the tokenization procedure for a number of reasons. For such companies will be invited to join the so-called. Combined token.