Contract Vault, the Blockchain-powered platform on which anyone can develop, use, resell, customise and repurpose legally sound contracts, is delighted to announce the sale of Vault Tokens (VLT) with a view to raising 45M CHF (Swiss Francs).
Contract Vault, based in Switzerland’s ‘Crypto Valley’ of Zug – a world centre of blockchain talent and resource, is democratising contracts – making them easy for everyone. In this spirit, the Vault Token Crowdsale will be easy for everyone too: accepting fiat currencies as well as cryptocurrencies.
Key Elements of the Vault Token Crowdsale
The early bird phase will run from May 1 – May 15, with a 25% bonus
The standard phase will run from June 1 – June 15
The Vault Token, denominated VLT, will initially exchange at: 10 VLT = 1 CHF (= circa 1 USD or 0.75 GBP depending on rates)
The minimum goal is 1M CHF
The hard cap is 45M CHF
To protect participators, pre-registration is mandatory in order to support banking-grade KYC checks.
The Vault Token Crowdsale is also supported by an airdrop of 50-500VLT for interested parties who join the Contract Vault Telegram group and promote the opportunity to their networks.
About Contract Vault
Every crypto enthusiast knows that Blockchain creates contractual trust – and plenty of crypto startups already promise contracts. But Contract Vault is a much bigger proposition: the Contract Vault platform means anyone can develop, use, resell, customise and repurpose legally sound contracts – including activating smart functionality with no programming at all.
It’s a toolkit for building contracts as simply as drag-and-drop; a marketplace for selling them; and a secure environment for witnessing them. And it’s also a home for tomorrow’s smart contract automation. Effectively “confidence as a service”, Contract Vault empowers everyone from lawyers to ordinary people to make strong, binding agreements.
Contract Vault is the new world of trust. And as well as creating seamlessness and reducing cost in existing transactions, the transparency and smart functionality of the platform means Contract Vault is ready to power emerging business models:
- Token Sale (TGE): a record of truth, entitlement and ownership on one platform
- Tokenized Asset Trading: market functionality, entitlements and transfers, plus complex trading mechanisms all wrapped in transparent smart functionality
- Peer to Peer: insurance, crowd-lending, private share trading, micropayments etc.
Contract Vault is designed to be a successful business by becoming the foundation for other successful businesses.
To achieve a position at the heart of the modern legal ecosystem, Contract Vault has already built partnerships with the most advanced and forward-thinking players in the European legal framework, including:
- Chain Security: the world’s first automated formal audit platform for smart contract
- Laux Lawyers AG: Switzerland’s leading technology law firm
- Validity Labs: Blockchain solutions, testing and independent audit services