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January 28, 2018, 11:09:47 AM |
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VibGyorlabs.io ICO Start date-28/01/2018 10:00 AM GMT
VibGyor Labs Token- First Ever Crypto Currency backed by BITCOIN Futures & Options and Spot Price
VibGyor Labs based out of UK owns all required rights & titles of VibGyor Labs Token (VGLT), the world’s first BITCOIN Futures & Options and Spot Price backed crypto currency which has minimum downside risk and unlimited up rise potential. VibGyor Labs Token a highly secure, transact able and managed crypto currency is the first to address these issues head-on. It is a crypto currency running on Ethereum platform. Further, VibGyor Labs Token will launch an ecosystem of three company economic ecosphere that will address the requirements for mass adoption through real-world use and liquidity via trading on legitimate electronic exchanges & with other crypto currencies.
The VibGyor ECOSYSTEM comprises of:
1. ERC 20 Tokens backed by Futures & Spot Prices of BITCOIN.
2. A Wallet for payment to various Merchants.
3. E-Commerce platform accepting crypto currencies.
Sales:
ONLY 200 Million (1:1) VibGyor Labs Token:
• 65% will be distributed within the public as community.
• 15% will be distributed amongst project advisors.
• 15% will be distributed among members of the project team.
• 5% will remain in VibGyor’s account and will be used to collaborate with strategic partners and as Operational reserves.
Contribution Utilization:
The Contribution of Ethereum for VibGyor Labs Token will be deployed as under:
• 80% of the contribution of Ethereum will be pledged with the designated exchanges as MARGIN for investing & trading in BITCOIN FUTURES & OPTIONS (F&O).
• Balance 20% of the contribution will be deployed for Research & Development and the recurring expenses like marketing, sales incentives, bounty programs, operations and administration which are to be incurred until the company starts reaping profit.
• The Company is not taking any Management Fee in the beginning. But once the trading begins, the company will take 20% of the net profits as Management Fee to run this Fund.
• 80% of net profit will be either re-deployed in business or distributed amongst the Token owners.
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