The Virtuse Exchange team took up the development of this industry and the introduction of blockchain technology into it. What will come of it — read in this review.
How did the Virtuse Exchange start?
Virtuse Group Company was founded in 2006 and only in January 2018 began work on the decentralized blockchain project called Virtuse Exchange. Then the business model of the platform was created and the first descriptions of the project were published. The project itself is a special platform to exchange of various physical assets (oil, gold, real estate, property, etc.) for cryptocurrencies that further will be used as a basis for conducting trading transactions. The developers of the platform created a platform for the placement of the exchange and created tools for the interaction of platform participants, as well as evaluation, tokenization and use of assets within the platform.
At its core, the Virtuse Exchange is a public property tokenization tool for those who want to enter cryptocurrencies, but don’t have a direct tool, or opportunities in principle. Due to its decentralization, the platform will be able to cover the entire population of the planet and not to be limited to individual continents or countries.
Advantages of the Virtuse Exchange project
The most global advantage provided by the platform is the ability to tokenize absolutely any physical assets and translate them into cryptocurrency equivalent. Having a small physical capital, you can easily turn it into an asset with further multiplying. The capabilities of the platform are not limited by the introduction of blockchain technology that allows to use the services from anywhere in the world with the connection to the Internet.
Due to the fact that transactions are transferred to blockchain, they no longer require the intervention of centralized services and third parties charging commission from each transaction. Now you can earn more, and thus the amount of starting capital doesn’t decrease. Also, transactions will become more secure than the same transaction in centralized systems and exchanges.
Those who don’t have experience in this field are also able to earn money by trading on the exchange. On today’s large exchanges, the newcomer needs to work for a long time, so that his work starts to generate revenue. In the Virtuse exchange system, all users work with identical conditions and can’t have great privileges due to time and experience on the exchange.
Platform innovations
Centralized exchanges now and again give a breach in their defense. Quite often we read news about the next hacking of a commercial exchange and the theft of huge sums by scammers. The developers of the Virtus Exchange platform have vast experience in the field of information security, which they use in developing the platform. Thus, you can no longer worry about the safety of your assets, as they are secured by the security of blockchain and the latest developments of the Virtus Exchange team.
The vast majority of exchanges have a problem of liquidity of assets that are inside the system. In the case of the Virtus Exchange platform, assets are backed by physical values that users tokenize. After all, it is impossible to deny that a gram of gold, having its equivalent in cryptocurrency, will lose its value in part or in full.
The Virtus Exchange platform will acquire multilingualism, so that the reach of users will become much wider. In ordinary exchanges, the requests are answered by the support staff. The platform will be provided with multilingualism due to the fact that the software language part is much easier to work out than to hire many employees who know different languages.
Virtuse Exchange tools
For the comfortable work of the platform users, the team has created several innovative tools that allow all participants of the system to interact. Inside the platform, there will be two types of tokens:
DACT (Digital Asset Collateralized Token)
DAF (Digital Asset Fund)
DACT is intended to pay compensation to users with the opposite viewpoint on the development of the exchange rate of any currency. For example, user X expects a token growth, and user Y — a fall. If the real rate showed growth, then the user X will receive a remuneration in the amount corresponding to the growth of the currency exchange rate. And the user Y loses this difference. Thus, it’s possible to maintain a healthy ecosystem on the exchange. And liquidity is maintained in this way.
DAF are tokens of statistics, which are derived by financial analysts and platform specialists. In this statistics can include the two types of currency and the complex. Liquidity is supported by the issuance of new coins of cryptocurrencies, which are part of the statistical complex.
Tokens
The platform tokens are based on the Ethereum blockchain, the ERC-20 format. It’s planned to issue 1 billion tokens, and in the future a half of this amount will be bought out and destroyed by the developers of the Virtuse exchange. The token ticker is VIRT. The platform team provides various discounts for using their tokens in the work with the platform. The discount in 2018 will be 50%, in 2019 — 25%, in 2020 — 15%, in 2021 — 9%. Since 2022, the discounts on tokens is abolished. The capital that will be collected from the sale of the tokens will be distributed as follows:
25% will be used to support the workflow and support the platform
15% will go on new research and development of new platform tools
35% will be spent on marketing companies and advertising
15% will be spent directly on system development
The operational team will receive 10% of the collected amount.
Conclusion
Exchange trade is a branch with a potentially huge audience. In the age of the Internet development, when everyone tries to earn online, the platform will find an excellent niche that will take a long time.
More information about the project on the official website: https://www.virtuse.com
Or in the BTT topic: https://bitcointalk.org/index.php?topic=5025842.0