Vaultbank, a disruptive blockchain-based financial investment firm, launched the pre-sale of its Initial Coin Offering on December 13, 2017. Unlike most cryptocurrencies that are utility tokens, Vaultbank is offering private security tokens, which represent beneficial ownership in non-voting equity shares in Vaultbank’s future revenue generating business ventures.
These include, but are not limited to, an exchange, 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 ICO pre-sale will offer a fifteen percent (15%) bonus for “early birds” until $20 million is raised, after which point the public sale will commence at $1 per token. 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.
“As the blockchain continues its radical transformation of the finance industry, we’ve assembled a senior team of asset management experts to connect all the benefits of cryptocurrency with mainstream investors who want to enter this emerging market with confidence and trust,” said Austin Trombley, founder, CTO, and president of Vaultbank. “We intend to pay quarterly dividends via Ethereum (ETH) tokens, with remaining yields being reinvested back into the underlying portfolio assets.”
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 tradability of utility tokens.
More information on Vaultbank:
Incorporated in Singapore and headquartered in San Francisco, California, Vaultbank is a cryptocurrency-based financial platform offering tokens backed by secured credit assets with the potential for token holders to receive quarterly dividends. The Vaultbank token will be backed by Vaultbank’s company assets as well as a portfolio of secured credit assets, translating into both potential stability and prospective income for investors. In addition, the Vaultbank debit card has the potential to offer significant cryptocurrency liquidity with highly competitive exchange transaction rates on 17 of the world’s leading currencies, and the Vaultbank exchange terminal will enable advanced trading capabilities with low fees, wide usability, and strong customer service.
- Facebook: https://www.facebook.com/Vaultbank.io
- Telegram: https://t.me/VaultbankICO
- Twitter: https://www.twitter.com/VaultbankICO
- Medium: https://www.medium.com/@Vaultbank
- Facebook: https://www.facebook.com/Vaultbank.io
- Instagram: https://www.instagram.com/Vaultbank.io
- Reddit: https://www.reddit.com/r/Vaultbank
The information presented here is neither an offer to sell nor a solicitation of an offer to buy any securities in Vaultbanc PLC in the United States or elsewhere. Some of the statements in this press release may be forward-looking statements or statements of future expectations based on the currently available information. The information may change without notice, and Vaultbanc PLC is under no obligation to ensure that such updates are brought to your attention. Vaultbanc PLC does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will Vaultbanc PLC and/or its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages. The offer by Vaultbank PLC is not being made to persons in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. Prospective investors should read in detail the Vaultbanc PLC White Paper and Offering Memorandum before investing.