Valyuta ICO – Liquidity Stable cryptocurrency backed by gold
|Pre-sale Time:||1 Oct, 2018 - 4 Oct, 2018|
|ICO Time:||5 Oct, 2018 - 5 Jan, 2019|
|Available for sale:||14,700,000 VLT (70%)|
|Pre-sale Price:||One Gram Gold|
|ICO Price:||One Gram Gold|
|Soft cap:||5,320,000 USD|
|Hard cap:||29,260,000 USD|
Valyuta a gold backed crypto currency is designed on a robust revenue and investment model. This makes the coin more desirable to avail and invest. As every completed transaction is charged with a small fee not exceeding the range of 1% to a maximum of $10. 80% of this fee is further on accumulated to the designated amount in order to re-invest and add more gold to the already existing gold in the reserve thus, making each coin gain its value on a continuous mode. Valyuta currently is valued at the Current Price of 1 gm of Gold (Approx. $40). The total count of Valyuta is 21 Million Coins which will be sold during the VLT period which will be live for three months. The physical gold is essential as Valyuta is a gold backed currency and its value is only as valid as the amount of physical gold in the reserve. Valyuta is a gold backed crypto currency. The value of the physical gold in the reserve is directly proportionated to track the performance of the coin in the market
Many argue that putting trust into a system that has no name or face hinder the acceptance of cryptocurrencies. The major and primary challenge to the adoption of Blockchain technology is the issues to do with regulation. This has hindered the widespread use of Bitcoin globally where the technology has largely been used in highly developed countries. Also, the increasing fees of cryptocurrencies such as Bitcoin have hindered its adoption in some sectors because of instability in price and high transaction fees.
Valyuta’s goal is to solve this issue by utilizing the Blockchain technology to create a completely new type of Cryptocurrency backed by Gold. The aim of this currency will be the fact that each coin is backed by one gram of gold at the initial launch.
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