Vaultbank (VB) ICO review
Vaultbank is a global investment firm, committed to sound financial investment and technological advancement. Unlike most cryptocurrencies that are utility tokens, Vaultbank is offering private security tokens, which represent beneficial ownership interests in non-voting equity shares in Vaultbank’s future revenue generating business ventures. These include, but are not limited to, an exchange that is in development, a debit MasterCard, and the Vaultbank Fund, which will be comprised of an asset backed credit portfolio. Vaultbank intends to build token value with its experienced management team and, subject to the board and holders of voting shares, pay quarterly dividends to its token holders. The Vaultbank investment opportunity is available to accredited investors per Reg D, Section 506(c) and Reg S, as an exempt offering. Vaultbank will create an asset backed credit portfolio by utilizing the expertise of the Vaultbank senior portfolio management team from established financial firms with the artificial intelligence and machine learning talent of Random Forest Capital, a San Francisco quantitative hedge fund. Vaultbank intends to then use a warehouse line of credit to provide leveraged returns for token investors. Further making cryptocurrency accessible to consumers, Vaultbank will be offering a debit card to facilitate purchasing everyday items using cryptocurrencies at point-of-sale terminals around the world. The Vaultbank debit card will allow cryptocurrency investors and consumers to facilitate foreign exchange transactions at highly competitive rates on seventeen (17) of the largest global currencies and to use their holdings as tender. Additionally, Vaultbank is in development on the Vaultbank cryptocurrency exchange, a secure cryptocurrency ICO investing and trading portal that plans to offer low transaction fees, reliable customer service, and access to other private security tokens offerings as well as trading of utility tokens.
Vaultbank through a series of strategic partnerships will provide debit cards that will be accepted worldwide, and allow for you to pay with crypto through traditional plastic debit cards. Account Holders will be empowered to select from multiple cryptocurrencies for use as tender, and when they initiate a transaction (e.g. a dinner that costs $83.65), either prepaid debit cash will be used or the holder can elect to use Ether, Bitcoin, or Vaultbank tokens totaling that amount, which will then be sold at spot price to complete the transaction. Because Vaultbank debit cards will be accepted at all point of sale terminals – for the first time cryptocurrency will be able to be used as tender for purchases. Furthermore, Vaultbank will also be providing transaction services for other partner tokens - thus enabling other tokens to be used as tender.
Lowest Fees in the Market
Historically buying in and cashing out of cryptocurrencies was prohibitively expensive; limiting much of the functionality of tokens to the domain of speculators. Because Vaultbank will hold both cash and an array of cryptocurrencies at all times, it will be able to facilitate seamless exchange of cash in cryptocurrency to facilitate transactions, and will enable Vaultbank to compete with Coinbase on both service and fees.
Underlying Credit Portfolio to reduce Token Volatility
Vaultbank seeks to minimize the volatility of the token via producing a cryptocurrency that is backed by secured credit assets - in turn, the yields of these credit assets will be then reinvested back into the portfolio of credit assets to ensure a constantly increasing underlying fundamental value to each token. Further, Vaultbank will maintain a liquidity reserve to enable supporting the token price in times of market volatility. The portfolio of credit assets will further be secured by a Surety Wrap to enhance foe credit portfolio by CBL Insurance (an A-, publicly traded insurance company). Vaultbank, in a strategic partnership with Random Forest Capital, which uses artificial intelligence and machine learning, and various other off-line strategic partners will build a portfolio of secured credit assets. Vaultbank intends to lever the portfolio with a warehouse line of credit, secured by the portfolio of between 4:1 and 10:1 leverage, depending on the class of assets.
Vaultbank is Launching into a Growing, Stable and Maturing Market
The cryptocurrency market has grown by 1600% in the last 12 months. Financial giants including J.P. Morgan and Central Banks alike have invested in blockchain. The main street investor is likewise seeking more exposure to these markets (Bloomberg). Large and small investors alike seek a more regulated market that allows for the safety nets and insurance coverage offered in any registered security market.