Vestrain ICO Report

Vestrain ICO Report – Goods and Services Marketplace

Standard ICO Report Structure:

  • Part 1: ICO Analysis (What is it about? What is the ICO intending to do? Describes what the platform is.)
  • Part 2: CROWDSALE ANALYSIS – DETAILS & TOKEN SUPPLY
  • Part 3: Useful Links (Further Research)

Part 1: ICO Analysis

The world’s financial systems since 2008 have never been the same.

Trust in centralized systems with big companies and even governments ruling with impunity are well behind us as people now realize the only entity they can absolutely trust with the value of their worth is themselves.

The birth of Bitcoin and the blockchain technology gave millions hope that finally we will all have a currency that is not centered in the hands of a very minute few, but almost a decade since the dawn of cryptocurrencies, and despite a lot of gains recorded over the years, buying and selling of goods and services online and in person continue to be dominated by the fiat systems.

There has been a relative rise in the number of marketplaces that accept cryptocurrencies such as Bitcoin and Ethereum as an alternative means of payment, but these marketplaces are often than not rooted in their fiat currency pasts as customers need to convert the crypto assets separately before being able to make their purchase.

This cheats individuals of the actual benefit of using a crypto asset to buy whatever they need.

The Vestrain Alternative

Vestrain is a blockchain-based startup whose focus is fixed on the doubly inefficient crypto usage marketplaces around the world, which seeks to rid the industry of all its inefficiencies and replace them with an all-convenience ecosystem that will not only make the use of cryptocurrency efficient, it will also make their use trendy.

The project seeks to be all-powerful marketplace within which anyone around the world can buy or sell goods and services with prices quoted solely in cryptocurrency and payment made only through them.

Vestrain hopes to become the first truly worldwide crypto-only marketplace that will finally show the world that the industry has reached the maturity that the world can feel safe to trade anything from books to apparel or computers without having to convert the crypto assets at any point to their fiat equivalent.

A Vibrant Crypto-Community

Vestrain is far from just being a crypto-only marketplace for the exchange of goods and services, the platform through its network of vibrant crypto enthusiasts around the world hopes to become a hub for innovation and real-world solutions to the countless number of problems that face us all.

Aiming to become a marketplace and exchange point for ideas where inventors and IT specialists can table their ideas to an impartial public that will rate their projects and give them an accurate assessment on its viability or lack of.

The team aims to create a platform that is rooted deep in the belief of the viability of cryptocurrencies and the blockchain technology, and through its revolutionary marketplace and its ideas exchange hope, it hopes that the industry will gain real mainstream acceptance among people.

 

Part 2: Crowdsale Analysis – Details & Token Supply

Total token supply: 70,400,000 Tokens

Token type: Utility Token

Token Distribution:  The Vestrain platform tables its token distribution plan with 82% of the total number of tokens offered to buying public in its presale and ICO, 13% of the total number of tokens gets distributed among the founding team members and their advisers, with the last 5% going to its PR and Bounty campaign

ICO Sale Phase: Presale

Token Price: 1 ETH = 3000 VST

Crowdfunding Usage:

  • 45% of all funds raised during the presale and ICO of the Vestrain platform will be deployed to developing the platform to take it to its best possible version,
  • 20% will be spent on marketing,
  • 15% goes to business integration
  • 12% will be kept for contingency expenses,
  • 5% as incentive for jurists on the platform, and the last
  • 3% as bonus for developers o the platform

Team Overview- Members and Advisers

The Vestrain team is led by Said Radzhabov, with Simon Cocking, Douglas Lyons, Jana Alieva, Alex Strakh, Vlad Palamrchuk and Alina Bondar also on the team.

Part 3: Useful Links (Further Research)

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