Note: This post originally appeared 7th of May 2018 on Vuulr's Medium at https://medium.com/vuulr/vuulrs-ico-to-commence-9-may-on-quoine-s-ico-mission-control-135ce1bc75f7.
After months of working on this, I’m delighted to announce that the date is out and we’ve got some big news!
VUULR’s Token Generation Event (TGE) - more commonly known as an Initial Coin Offering (ICO) - will happen on 9 May and run until 31 May 2018 (EDIT: Extended to 30th June). Not stopping there, the other big update is that we will be the first ICO hosted on “ICO Mission Control”, an all-in-one ICO platform launched by the Japanese FSA-licenced fintech company, QUOINE on their crypto-only exchange, QRYPTOS.
This is a global first and we are absolutely delighted to be asked by QUOINE to be their launch ICO.
I’ve put quite a lot of detail on the ICO below, so that you know the ins and outs of this strategic move, as well as some fine detail on the ICO itself.
I and the Vuulr team look forward to your participation and joining on this journey to transform the B2B TV & Film industry.
Best wishes/Ian
Ian McKee is the Chief Executive Officer of Vuulr. Connect with Ian on his Linkedin at https://www.linkedin.com/in/iandmckee/
How will QUOINE help VUULR and its token buyers?
In the past months, ICOs have been victims of several unfortunate incidents which have created nervousness for both issuers and participants alike.
QUOINE — as the first global crypto fintech company to receive an official license from the Japan Financial Services Agency — took that on board and decided to expand their enterprise-grade security and technology to create the ICO Mission Control as a secure way for bona fide businesses to raise money, as well as providing peace of mind for participants in their community.
For these participants it means;
QUIONE has chosen Vuulr to be their launch partner for their new platform
· Existing QUOINE users do not need to create new accounts. Simply browse VUULR’s Token Sale page and start buying
· New ICO participants can take advantage of QUOINE’S faster, more streamlined KYC which can verify users in minutes
· VUU tokens will be sent directly from QRYPTOS to all accounts after the ICO closes
· VUU tokens will be listed on QRYPTOS shortly after the ICO ends (Listing date to be announced)
The Vuulr ICO
IMPORTANT: Tokens can ONLY be purchased via QRYPTOS. When in doubt, please approach an admin on our Telegram. Please make sure you ONLY message in the public channel or PM an admin from the pinned message on the channel.
VUU tokens will be priced ETH (equivalent of US$0.06) and buyers can fund in ETH, BTC or QASH on QRYPTOS. Tokens not sold during this phase will be reallocated to the “Reserved for Future Use” category.
The minimum purchase is 1600 VUU (approximately USD$100 or equivalent in eth/btc).
The public sale will be offered with tiered bonuses:
▶ Tier 1: 18% of the VUU Tokens will be sold with a bonus of 10%
▶ Tier 2: 20% of the VUU Tokens will be sold with a bonus of 5%
▶ Tier 3: 22% of the VUU Tokens will be sold with a bonus of 2.5%
▶ Tier 4: The remaining tokens will be sold with no bonus.
How do I sign up and what do I need to do?
Firstly, you should know we are unable to accept contributions from citizens of United States, China and Japan in our public sale. To participate,
- You need to create an account on QRYPTOS (Click here)
- Complete the “Know Your Customer” (KYC) process by submitting your passport, proof of address etc)
- Deposit funds (ETH/BTC/QASH) into your QRYPTOS account
- Click on JOIN ICO at http://qryptos.com/ico/vuu (Live on 9 May)
As depositing of FIAT needs to be done through your QUOINEX account (automatically created when you register a QRYPTOS account), the bank transfer may take a few days. Thus we suggest you do this ASAP to be eligible for our time-based bonus.
Refer a friend and earn more VUUs!
The QASH referral program will be replaced by our VUU referral program during the crowdsale period. To understand how to obtain your affiliate link, please read all about it in QUOINE’s post here.
For the period of 9 May — 31 May, when you refer a friend to buy VUU tokens, both you and your friend will earn 100 VUU each when you successfully invite a friend to sign up and complete a transaction using your affiliate link.
We’ll update a full explanation of the referral program by 8 May.
Why you should buy VUU tokens now
Unlike many ICO businesses where the ICO is the business, VUULR has a real and immediate industry problem to solve — The TV & Film industry is already trading at US$240 billion a year, growing 10% year-on-year (source: BCG). Market demand is skyrocketing (Netflix alone is forecast to spend US$8b on original content in 2018), yet the wholly “analogue” transaction processes that exist today are inefficient and hurt content owners’ profits. The Vuulr marketplace — and underlying Blockchain-based Supply Chain — will help Buyers and Sellers of Film & TV content to unlock more value in their content, remove transactional friction by digitising the process, reduce their overheads fourfold and enable them to close deals within days instead of months.
Community-powered Movie Knowledge-base — The VUU’s tokenomics have been cleverly designed. The token’s key function will be as a reward to TV & Film fans for the creation, refinement and translation of Metadata (the stuff that pops up on your in-screen TV guide) relating to the content they’re watching. Yes, like Wikipedia; we’ve called this Blockchain-based resource the “Metadata Refinery” and through their contributions, fans of content will be supporting their favourite industry who lose billions of dollars each year through the inefficient generation and distribution of this Metadata. And for this, they get rewarded, with VUUs! This is called the Vuulr Rewards Programme which will be funded through Vuulr’s profits (we will buy-back VUU tokens from the exchanges to pass back to the fans).
Even more rewards— the more tokens the fans park, the more they earn for contributing their knowledge. Participants who have VUU Tokens and perform actions (edits) in the Metadata Refinery will be able to grow their token-holding by “parking” their tokens in the Vuulr “Parking Lot”, a smart contract. The Vuulr “Rewards Accelerator” will calculate the growth of these tokens as a factor of the number of VUU Tokens parked, the period of time the VUU Tokens will be parked and the number of edits performed. Parking will reward long term, active participants and happily also increase the stability of the Token economy.
VUU will be listed after our ICO — Many token buyers of other ICOs can be concerned with the risk that the token won’t get listed, or it will take a long time to list post-ICO. By launching our ICO with QUOINE, VUU token buyers can be reassured that their VUU tokens will be listed quickly on QRYPTOS soon after the ICO closes.
Join VUULR ICO: http://tokens.vuulr.com
Download Whitepaper: https://www.vuulr.com/Vuulr-Whitepaper.pdf
Telegram: http://t.me/vuulr