Place/Date: - June 30th, 2018 at 8:21 pm UTC · 3 min read
Contact: Vertex, Source: Vertex
Roughly about half of ICOs launched in 2017, have already failed, and that is without considering the scams. This is one of the fundamental problems in the space now, and Vertex has decided to provide a first of its kind solution: a vetted ICO token aftermarket.
A six-step vetting mechanism that filters 97% of the ICOs out there is the first pillar on which the Vertex aftermarket relies on. Some of the most prominent business people and investors in the world, will evaluate ICO projects to select a handful of promising projects. Once the vetting process is over, these ICOs will move through the Vertex ecosystem, in which they will find:
The users, who are at the center of the Vertex ecosystem, will also derive many advantages from participating in this vetted ICO token aftermarket. The advantages that users get from using the aftermarket, are at the result of that first of its kind solution that Vertex has designed to select and fund only the strongest projects in the space:
All the token purchases on the Vertex platform will be done using the VTEX token. ICOs that Vertex buys into will also have to take VTEX tokens as part of the purchase. VTEX therefore underpins the whole ecosystem, connecting ICOs and users directly. VTEX usage will close the ecosystem completely and allow it to develop further.
Vertex plans to introduce more services that users and ICOs can both gain access to with VTEX tokens.
This makes Vertex the most comprehensive solution in ICO markets, and one that can lift them up to a level in which business concepts develop into fully fledged, profitable projects in the cryptocurrency space. ICOs will benefit from access to funds, expertise and an ever-growing pool of users to boost their project and deploy their businesses.
Users will benefit from access to carefully vetted projects at preferential prices. The markets will benefit from higher standards when it comes to selecting the strongest projects, which will raise success rates across the board and lift the markets above the currently high rates of failure.
For more details and a more comprehensive explanation about how Vertex will implement its solution, check out our website.