The ICO for Vrenelium is about to start on August, 1st

Vrenelium: The sustainable and ecologically responsible 3rd
generation Blockchain and Cryptocurrency (VRE) from Switzerland

Here are only a few key points that make Vrenelium a unique approach for the future
of Blockchain ecosystems:

• Through its unique PoMW (Proof of Meaningful
  Work) the amount of wasted energy will be decreased dramatically. The
  needed energy will be used for socially responsible projects in the fields of
  healthcare, science, ecological protection, etc.
• With the Vrenelium Double Helix (combination of PoMW and PoS) several attack
  scenarios of former Blockchains are much less likely or completely
  impossible.
• For a peer-to-peer means of payment it is vital to process
  transactions fast. With the machine learning powered Smart Mempool
  Vrenelium is the fast and secure way to pay and it is independent from network traffic.
• Vrenelium does not want to be the next dark net’s
  means of payment. Vrenelium AG is member of a Swiss SRO (Self
  Regulatory Organisation) and has legal support by one of the big four advisory firms.

The unique Vrenelium Double Helix – a combination of PoMW and PoS – makes the
Vrenelium Blockchain an advanced, secure and sustainable third-generation Blockchain.
A novel approach called Proof of Meaningful Work (PoMW) has been developed for the
Vrenelium Blockchain to replace the simple Proof of Work (PoW).
While the basic idea to protect the Blockchain by proving that a certain amount of
computation was invested to create every single block is worth to be preserved, the current
implementation using purely artificial computational tasks (hashing) with the goal to burn
enough energy is way too wasteful to be used productively1 and scales very bad. So we
decided to keep the good idea but implement it using meaningful computation tasks, so that
the energy invested in the proof of computational strength of the miners is used for
meaningful computations supporting public scientific research projects (e.g. medical
research on cures, chemical research, astrophysical simulations).
Aside this PoMW approach, the Vrenelium Blockchain has an additional, adaptive layer of
security using the Proof of Stake (PoS) method.
So Vrenelium is secure because (in contrast to other Blockchains, which only have a single
layer of protection) an attack on its Blockchain would need to fulfil two criteria
simultaneously: an attacker would have to possess over 50% of the total computing power
available to target the PoMW protection and hold the majority of the stake for an attack on
the PoS system. The probability of both conditions being met at the same time is extremely
low.

The Blockchain is scalable because the self-monitoring network enables parameters such as
the ratio of PoS to PoMW to be adjusted continuously according to the current load situation.

It is sustainable because the computing power used for PoMW is channeled into meaningful
scientific, research and other charitable projects.
Furthermore, Vrenelium is ecological because this hybrid approach makes it possible for the
first time to achieve a significant reduction in the energy consumption required to secure the
Blockchain without having to rely solely on Proof of Stake.

The Smart Mempool (SMP) developed exclusively for the Vrenelium Blockchain is powered
by Helios machine learning platform. This platform has been developed and trained so it
allows transactions to be executed using trust scores even before definitive confirmation is
provided via the Blockchain. This means that sellers have an instant and easily
understandable indicator of whether or not a payment can be regarded as secure without
having to wait for confirmation from the Blockchain. Transactions can thus be settled faster,
making the system more suited to everyday use.

Smart Contracting
Prokyon, the integrated scripting language developed by Vrenelium, can be used to define
data and contracts of any kind and any level of complexity in the Vrenelium Blockchain,
referred to as smart contracts and store them in a form that is protected against
manipulation.

Roadmap:
3rd Quarter 2018 ICO - Initial Coin Offering
Onboarding of further team members
1st Quarter 2019 Start of Miner Acquisition
2nd Quarter 2019 Start of Vrenelium Testnet
3rd Quarter 2019 Launch of Vrenelium Blockchain
Transfer of PVRE ETC20 to VRE Tokens on the Vrenelium Blockchain
Launch of VRE Wallets on new Blockchain

ICO Figures and Token Economics

The total number of VRE ICO Tokens for sale is 22.175.000 VRE.

Bounty Program:
1 VRE is offered at 1.30 CHF, with the following bonuses:
1st week: 15%,
2nd week: 10%,
3rd week: 5%
Referral bonus 10%
Quantity bonus 5% starting at 5000 VRE

The Vrenelium AG holds 4.200.000 VRE (70% with a holding period of 2 years).

The mathematical limit of Vrenelium coins is 78.000.000 VRE.

This limit will be reached with logarithmic approximation in 2070.

All VRE ICO Tokens are transferred to the Vrenelium Blockchain 1:1 when it is launched in
the 3rd quarter of 2019.

More about Vrenelium:
Website: https://www.vrenelium.com/
Whitepaper: https://www.vrenelium.com/whitepaper.pdf
Twitter: https://twitter.com/Vrenelium
Facebook: https://www.facebook.com/vrenelium/


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