This is my entry for the sponsored contest organized by @monajam. See the contest here
INTRODUCTION
Several blockchain experts and cryptocurrency portfolio managers have stated in their reports that over 100 Initial Coin Offering (ICO) have been conducted within the space of 2016 and second quarter of 2018. Out of this number, over 53% of the ICO’s have failed and their projects abandoned. What this mean is that those tokens have no relevant values today, while some are completely out of the market, leading to huge losses on the side of the investors.
During these ICO’s, differentiating the projects with good prospects from the junks has proven to be a tough task for the investors as some of the ICO’s are launched with malicious intent, sometimes, aimed at defrauding unsuspecting investors and they are always made to look appealing in order to deceive these investors.
In this situation, the investors seem helpless. They keep hearing about successfully ICO’s where other investors are making huge sums of money. And they cannot stop wishing they had the opportunity of knowing about such projects during the ICO but sadly, the door closes after the ICO and the chances of getting the tokens at fair prices are gone.
These are the challenges people currently face in the cryptocurrency industry. Luckily, Vertx Market has provided a perfect solution to these challenges.
GETTING TO KNOW VERTEX
Vertex is a market place, created specifically for investors who want to take part in verified ICO’s even when the direct primary ICO’s has ended. It is an aftermarket for ICO investment. Vertex Market team buys the tokens during the verified ICO’s in huge quantities and at a reduced rate. These tokens will then be reserved for aftermarket transactions where investors who missed out during the ICO can have good opportunity to buy as much as they want at a relatively cheap rate.
Vertex ensures that interested investors find their place in viable projects even at post-ICO points. When we say verified project, the point to note is that the major work of the investor has been settled. The investor will not have to gamble with his or her money but focus on how much they can invest in already verified projects. Vertex combines its venture capital experience, fair-value and expert trading to develop a solution that keeps investors at a comfortable investment angle.
VERTEX TOKEN - VTEX
Vertex is working towards creating a token that will fuel activities in the Vertex ecosystem. This will be useful, especially in their various ICO participations. Vertex team will take the duty of verifying the genuineness of these ICO’s. When verified, that is when there is a confirmation that these ICO’S will succeed, the team will acquire as much tokens as they deem necessary and push them to the Vertex community where they can be purchased by interested investors after the ICO has ended. To buy these token, the investors will first need to buy Vertex token (VTEX) first and then use them to buy the respective ICO tokens.
VERTEX TOKEN SALES
VERTEX VETTING TEAM
Vertex Market has a set of trained professionals whose job is to vet new ICO’s before bringing them to the market. ICO’s that fall below standard will not be listed for investment at the Vertex Market. This team will do all the necessary verification including travelling to meet the teams responsible for the different ICO projects to physically evaluate their financial and intellectual resources and to ascertain if their claims are real.
If everything proves right, Vertex will now negotiate for a reduced price for the tokens and then buy enough to serve as much investors as possible during the aftermarket exercise. In so doing, the risks associated with blockchain investment and the possibility of investors falling into the hands of scammers in the name of ICO’s will be significantly reduced.
BENEFITS OF VERTEX MARKET TO INVESTORS AND COMPANIES
To investors, Vertex is a prayer answered because not only will it take away the danger of buying into bad projects, it will guide those who were kept out of investment due to no knowledge of the technicalities, relating to project investigation to buy just the right ICO’s.
Also, the issue of missing out on viable projects will be settled for once. So it will no longer be a case of investors crying for not having the opportunity to buy into a particular ICO. Rather, such investors will have the opportunity to fix which time is most convenient for them to buy.
Advantages of Vertex to Investors
They have trained experts to analyze the prospects of ICO’s and tell them which has a good future.
They take full control of their portfolio and buy as though they were experts in the field.
They invest only as much as they want without constraints.
They buy the tokens much even after the ICO had ended.
They have access to a whole lot of tokens right from one portal/market place.
On the other hand, good ICO’s will thrive at ease. There has been a constant fear in the minds of the people who had lost their money to bad ICO’s. When Vertex succeeds in stabilizing confidence by promoting value in the market, these investors will find a fertile ground through which they can profitably return to the market. This will obviously reduce the duration of ICO’s and help companies get to the exchange much faster.
This also will impact positively in the overall interest of the cryptocurrency industry. First, it will discourage scammers from defrauding investors with false, empty projects. When this is done, only useful projects will retain their spots in the crypto world and the industry will grow faster. Secondly, entrepreneurs who were skeptical due to the huge losses the market previously recorded will find the courage to inject more funds into the market.
USERS’ ENTRY INTO VERTEX MARKET
To enjoy the full services of Vertex market, users need to buy VTEX token. This is done after first signing up on the portal during when the user is made to pass though KYC procedures and get approval.
MEET VERTEX TEAM
PARTNERS
ADVISORS
SOURCES AND REFERENCES
Vertex Website
Vertex Airdrop
Vertex WhitePaper
Vertex Facebook
Vertex Twitter