This post is about ValueCash and e-commerce. This is an entirely decentralized and self-governing blockchain technology. Users can use it for payment of goods and services. They also create more ValueCash credits through their purchases. The ValueCash ecosystem is designed to contribute its unique protocol. It has the potential to reform the current status quo of ecommerce market. It will have the same effect and level of impact in the blockchain technology.
Proof of Trade (PoT) protocol:
To accomplish such goals, ValueCash established its own protocol, Proof of Trade (PoT). It combines the effective concepts of ecommerce and blockchain tech. To create value and reaffirmation, it seeks the cryptographic techniques. PoT protocol is designed to place power in the hands of ValueCash community. The users also become validators to the transactions happening in the ecosystem. They get incentivized for performing the transactions.
Generation of new tokens:
Each transaction between buyer and merchant creates 10% of new coins to the transaction value. After every transaction, new ValueCash gets generated. When a buyer purchases good or services of worth 100 XVL from a merchant, 10 XVL gets issued as the new ValueCash coin. The new coins are distributed amongst project development funds, buyers, merchants, blockchain security and affiliates. The distributions follow some strict rations favoring the buyer. Buyers get 50% of the new coins, while merchants get only 20% of that. 10% goes towards affiliates and 20% goes towards development and security.
Halving of tokens:
When the transactions breaks bank at 18 million coins, it leads to halving of the coins. Following halving, the new ValueCash coin reduces to 5%. The ValueCash puts power back in the hands of the crypto communities. It will be the effective option to combat inflation. It secures a reliable and realistic future for crypto assets. It sustains income across industries, including healthcare, banking, finance, hotels and more. It will transform the growing market of ecommerce using the distinct, PoT protocol. It reforms crypto real beyond known limits. It makes the economy ready for testing times that had once been undergone by mainstream economy. ValueCash token is the currency that rewards your earning as well as spending in the crypto space.
The team behind ValueCash is dominated by Indians for a change. The project is backed by companies that are based at South India. Blockchain’s geographical expansion can be witnessed via such projects.
ICO and token details:
ValueCash tokens will trade with the official ticket, XVL. The ICO is on till 22nd February 2018. The maximum supply is 18 million tokens of which 2.2 million tokens go towards ICO. The minimum eligible purchase is 2000 XVL tokens. 45% of ICO proceeds go towards branding and marketing. 30% of proceeds go towards development tasks. During the third quarter of 2017, the project raised $75,000 via local investors. The registration for token sale requires your name, email, nationality and phone number. It is understood there would be some preferences based on some profiling, that continues to be fair too.
Important Links:
Please find the important links related to the project below and stay updated:
Website: https://valuecash.com/
Whitepaper: https://valuecash.com/public/assets/files/Whitepaper.pdf
Twitter: https://twitter.com/valuecashxvl
Reddit: https://www.reddit.com/user/valuecashxvl/
Telegram: https://t.me/joinchat/Hy17XEduGRAGQi7gv8HHiw
Medium: https://medium.com/@valuecashcoin/
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