Intro - Contract Vault ICO
Hi & welcome, I've been investing in ICO's for the past year and therefore reading lots of whitepapers. As a result of this, I thought I should start sharing my research and findings with the wider community. Feel free to leave a comment and voice your opinions under this article.
What solution does Contract Vault Solve?
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Contract Vault is a platform that bridges the gulf between legal contracts and smart contracts making the creation, management and integration of contractual processes on the blockchain simple.
Monetising legally enforceable smart contracts
One of the main aims of CV is to "Use Ricardian Contracts to combine traditional legal contracts with smart contracts, ensuring they are legally enforceable and enabling the transfer of physical property and rights on the blockchain."
A Ricardian contract is readable both by machines and by people. This type of contract couples computer language with regular language, reducing costs by reducing the dependence on a middleman.
These contracts will be available for purchase and customisation using the Contract Vault Marketplace. VLT tokens will be required to create and use these legally binding smart contracts bringing real value to the token.
Versatility and wide market reach
The versatility of the Marketplace will; "allow users to create any kind of contract, from simple conventional loan agreements to entire Legal-, Insure- or Fintech applications that leverage on-chain and off-chain events."
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Another feature offered that could have huge potential is the ability for large institutions (insurance, law and financial) to integrate the marketplace into their workflows by offering a white-labelled version of Contract Vault to their customers.
Team & Company
" Located in the very heart of Crypto Valley, Switzerland, Contract Vault as a company was founded in 2017 and is dedicated to the proposition that legal contracts and advanced smart contracts should be accessible and usable by all"
The team is transparent and has a nice mix of legal and technical skill-sets, pictures and links to LinkedIn profiles are available from the website link below;
https://www.contractvault.io/company/
Team activity
The team is active daily on all the usual social media channels. Members of CV can be often found answering questions in the telegram group linked below.
Telegram group - https://t.me/cvchat
Token Sale + 25% BONUS - Fiat and ETH accepted
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At the time of publishing, there is a 25% bonus which is very attractive for investors to get in early if you like the project. The fact that credit cards are accepted means that newcomers to the cryptocurrency space don't have to worry about purchasing ETH on the exchanges.
https://www.contractvault.io/token/
Token metrics
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Total Supply = 900'000'000 VLT.
CHF (Swiss Franc) = 10 VLT (roughly 10 VLT per dollar)
Hard Cap = 45'000'000 Swiss Franc - Unsold token allocation are to be burned.
Final thoughts
Overall a very appealing project with great potential. The amount of information on the website should give potential investors and users of the CV marketplace great confidence. The success of VLT will depend on the adoption of the Marketplace but with the legal and technical experience of the team this may well happen!
As always DYOR this is not financial advice.