We have officially launched our IPO on
www.cryptostocks.com. Ticker: VAULTARM
Business Plan:
https://docs.google.com/file/d/0B85a20KIq3s5cEhCTENScmhncjA/edit?pli=1Thank you for your patience in our launch! We set a date for February 3rd because we wanted to make sure we had a sound business plan before moving forward. We will be working on our website and hope to have it up by early Q2.
We plan on being the first Bitcoin savings website backed by gold. We have already made our initial private purchase of gold to help fund the site.
We have secured 20oz in gold holdings worth $25,000. This was not bought with any distributed shares or future promises of shares. These holdings will not have a negative affect on future dividends or stock prices.
We hope you will find our investment profitable, and we see a very big future for our company.
Thank you for all your email questions and support!
We are including our previous pre-launch memo below in the event you were unable to see it last week.
“Our vision is to create a secure method for users to hold their cryptocurrencies and fiat without fear of losing value of those holdings, while increasing their personal wealth over time in a competitive interest bearing savings account called the “Armory”. Holdings will be backed by physical gold so users feel safe that their wealth will not evaporate, as is the case with the manipulation of fiat and interest rates. Our business plan is simple, to give our customers the ability to transfer or buy cryptocurrencies to store them in our Armory to gain interest without fear of losing deposits or value.”
LAUNCH DATE: February 3rd 2014.
We want you to know a little more about us before launch so you can make an informed decision about investing.
What is VaultArmory?
VaultArmory is going to be the first competative Bitcoin Savings holdings. Our goal is to give our customers what centralized banks refuse to, a way to hold your dollars through Bitcoins while backing up your savings with Gold. Centralized banks are unwilling to back up your dollars with gold because gold, and Bitcoin, are a direct competitor to the dollar.
What are the interest rates VaultArmory provides?
Interest rates have yet to be established, however one thing is clear, they will make banking interest rates look like a joke. Currently most Banks give you 0.5% to 1% in interest on your year long savings. We want to increase that drastically. Our interest rates, depending on the type of savings account you choose and the length will be between 2% and 10% per year. These rates will be finalized when the website is launched at an expected timeframe of Q2.
Will I be able to spend my bitcoins from my savings account?
Yes! There will be a short "maturing" period when putting your money in the Armory. This is to ensure there is not day trading through our Armory. We are also coming up with a system that rewards you for saving for longer periods of time, however you will always be able to take out your money. It does belong to you.
What if Bitcoins goes down in value? Do I lose the money I put in?
Never! You will never have to worry about the volatility of Bitcoins. VaultArmory will be responsible for all gains and losses in Bitcoins. This means if you put $1000 in the Armory, you will be able to take $1000 out with any interest you have accrued.
How does VaultArmory help the Bitcoin community?
It doesn't just help the Bitcoin community, but those who have no idea what a Bitcoin is. Our target audience is going to be those who have their money in traditional bank accounts making nominal interest. We need the Bitcoin community to spread the word to those who are losing money in their savings account due to inflation. Another benefit to our savings method is "Bitcoin Hoarding." Currently the price of Bitcoin fluctuates wildly. This is due to people buying Bitcoins, and then spending them. The receiver then sells them again to profit. We want you to continue to use them! This brings awareness to the Bitcoin community! However, we also want the dollars you are not using for Bitcoin and hold them in Bitcoin savings which will drive the price up. The more users we have with savings accounts, the more Bitcoins they buy to put them in those accounts, which equals a higher price in Bitcoin. We want to do our part to bring awareness to this revolutionary technology!
Why is gold necessary as a backup?
It is the responsible thing to do. Nobody can determine future prices, we can only speculate and have faith that a technology like Bitcoin will continue to grow in popularity. However, bubbles do occur and our customers holdings are extremely important to us. In the event Bitcoin hits a huge bubble causing users to panic and sell their Bitcoins, we want to ensure that we have a backup for our customers. Our customers WILL ALWAYS feel confident their money is safe with VaultArmory. We plan on partnering with trusted gold sellers online so our users know there is 2nd party verification of our gold reserves.
What does the future bring for VaultArmory?
We originally planned on creating an exchange, however before we make a big commitment, we want to become a respected and trusted site. We do have future plans to add not only a Bitcoin exchange, but also a gold exchange so you can buy your gold reserve if you choose!
We hope you will choose us as an investment partner so we can move faster to restore economic freedom!
If you have questions please contact us:
help@vaultarmory.com
