VNDC - Stablecoin for Vietnam community
Issuing additional 120000000000 VNDC on Tron platform.
Buy early before 31.12.2020
From 01.01.2021, We always accept to buy back at the price of 1 VNDC = 1 VND
VNDS - Super VND
Stablecoin VNDC for Vietnam community on Tron platform
Contract: TDG743EDvpgPvA2LzJPtX5fXa5VfgCscPL
https://tronscan.org/PROJECT SUMMARY
1. Project Summary: VNDC
2. Asset page:
https://explorer.binance.org/asset/VNDC-DB93. Your name and position: Quy Nguyen, Chief Technology Officer
4. One-sentence pitch: VNDC is not only a stable coin but as well as gateway supporting users to convert their fiat money to stable coin (and vise versa), our mission is to enable a simple global payment gateway and financial infrastructure for Vietnamese market and get it ready for blockchain movements.
5. What are you planning to achieve with your project?
VNDC plays as Core system that provides technology and blockchain system (includes blockchain nodes and infrastructure) for Vietnamese financial institutions (includes resellers, banks…). This system then can be utilised as a mechanism for trading and hedging in global crypto capital markets, as well as, preparation for the upcoming global stablecoin movements.
6. What is the team size now? Please list each core member of the project team and outline their roles and responsibilities.
Allen Le Nam, Chairman
Eric Vuong, Chief Executive Officer
Brad Chu, Chief Marketing & Sales Officer
Quy Nguyen, Chief Technology Officer
Alfie Pham, Foreign Partnership Manager
Hung Pham, Head of Development
Diep Nguyen, Chief Account Officer
Joshep Huynh, Digital Banking Manager
And other members that are involved in this projects from TrustPay team.
7. Project website:
https://vndc.io/8. White paper:
English:
https://vndc.io/documents/VNDC-Whitepaper-English-v2.0.pdfVietnamese:
https://vndc.io/documents/VNDC-Whitepaper-Vietnamese-v2.0.pdf9. Roadmap
https://i.imgur.com/p4U1KM0.jpg10. Where are you right now in your roadmap? We are currently at the beginning of 4th quarter on our Roadmap, where we are now focus in the final steps of getting VNDC listed on exchanges and wallets. Right now, VNDC can be exchange at Finexbox with VNDC/BTC, VNDC/ETH and VNDC/USDT. We are heading to 4th quarter’s marketing campaign which will bring VNDC to a wider range of users in Vietnam.
11. What is the business model of the project?
VNDC is established by UK company VNDC, and VNDC’s reserve are fully operated and managed by VNDC UK’s partner in Vietnam, or the found members of VNDC Association: TrustDex and Digital Asset Management Holding.
User can easily buy VNDC through VNDC Association founding members in Vietnam or other countries.
12. What is the potential user base and market opportunity?
Nowadays, Vietnamese investors can’t directly use VND to buy digital assets such as BTC, ETH or other digital assets from the world’s digital assets exchanges (Binance, Bittrex, Poloniex…). When investing to digital assets, Vietnamese investors have to exchange from VND to USD and then buying BTC by USD or taking step using BTC to buy other digital assets. To take profits, investors will turn digital assets to BTC, then sell BTC to get USD and once again exchange from USD to VND. Later, when having a new investment opportunity, the complex process will be repeated.
TOKEN INFORMATION & ECONOMICS
1. Token name and symbol: VNDC (VNDC)
2. What is the primary use case of your token? Payment, gateway and rewards
3. Where else can your token be used? Our VNDC now can be used at:
• Finexbox
• Nami Exchange
• Infinito Wallet
• Digifinex
• Midas Protocol
• Etrust Network
4. What is the total supply of your token? Right now we have issued more than 39,300,000,000 VNDC and backed by the sufficient amount of assets. VNDC can be issued up to 1,000,000 billion VNDC in total.
5. What is the circulating supply of your token? 39,3 billion VNDC.
6. Please provide a breakdown of current token allocation. 39,300,000,000 VNDC are used for trading and we are ready to issue 30,000,0000,000 VNDC
7. Please provide a list of team wallets that hold your token.
0x1f3f677ecc58f6a1f9e2cf410df4776a8546b5de
8. Please provide all lockups in place for any holders of the token. All tokens are circulating.
9. Are you compliant in all jurisdictions that you service and operate in? VNDC operates in Vietnam and is able to issue VNDC and offer VNDC’s financial infrastructure in Vietnam because of compliance possibility in Vietnam.
VNDC is legally able to issue VNDC base on Vietnamese Corporate Law that Vietnamese enterprises and companies are able to issue swapable e-vouchers and gift-cards for Vietnamese users and can be used within the ecosystem of that enterprises or as a business partnership.
10. Is the token currently running on any network other than Binance Chain? Please provide explorer links to each version of the token. We are on Ethereum –
https://etherscan.io/token/0x1f3f677ecc58f6a1f9e2cf410df4776a8546b5de11. Please provide a detailed token migration plan. What mechanism will you be using? VNDC is a stablecoin of Vietnam Dong on the blockchain smart contract system, pegged to VND by the rate of 1:1, so that the price of digital currency assets could be stabilised.
12. What is the exact timeline of opening the swap/bridge to the public? Will you be able to complete this prior to the end of the voting period? If yes, please provide evidence that the swap/bridge is ready or close to being ready.
VNDC blockchain gateway can be found at vndc.io.
User can easily buy VNDC through VNDC Association founding members in Vietnam or other countries.
User Manual of VNDC:
Step 1: Deposit VNDC (Users can depodit VNDC through VNDC.IO, exchanges or Wallet, which support this token)
Step 2: Users store or use VNDC to their wallets, exchanges
Step 3: Users can use VNDC for transaction with other assets
Step 4: Hold VNDC in users’ wallet or exchange to VND through vndc.io.
13. If your tokens currently still sit in only 1-5 addresses, please provide the timing of when they will be fully allocated to users. N/A
14. Is the token currently listed on any other exchange? What are they?
Finexbox –
https://finexbox.com/market/pair/VNDC-BTC.htmlInfinito
Trustdex -
https://trustdex.io/market/Nami Exchange -
https://nami.exchange/trade/USDT-VNDCFUNDS
1. Did you conduct an ICO or any type of fundraising? When was it? We did not conduct any ICO yet.
2. How much in total did you raise? N/A
3. How much have you spent in total thus far? What have you spent these funds on? We have spent around 25% of our self-funds to develop the application, community, marketing and the team. VNDC is sponsored by TrustPay Vietnam – Financial and Payment enterprise in Vietnam.
4. How much runway does your project require to ship the final product? Final product is ready.
5. What currency/coin/token do you plan to hold your funds in? Every VNDC we issued in smart contract; it always is 100 percent guaranteed by banks in order to ensure the liquidity for our users. VNDC is backed by cash (VND, USD) and equivalent assets (BTC, ETH…)
6. What's your coin storage/conversion policy? Do you only convert to fiat when you spend? We are converting cash and equivalent assets to VNDC. Up to now we have issued 39,3 billion VNDC and 30 billion VNDC are ready to be issued.
7. How do you plan to publish your spending each month? We are publicly announcing our volume and trading of VNDC on our vndc.io gateway. We do not publish any financial spending on a monthly basis but as per Vietnamese Corporate Law, we work with Vietnam Tax Office on quarterly and yearly basis.
8. Where are your funds stored? Please provide the addresses for public community tracking.
https://etherscan.io/token/0x1f3f677ecc58f6a1f9e2cf410df4776a8546b5de9. IF you have plans to conduct an IDO, please provide a detailed plan including IDO format, methodology, timeline, fundraising goal and amount of tokens, and sale price. We will not be conducting an IDO.
DEVELOPMENT
1. What are the technological innovations of the project, if there are any?
VNDC is a stable digital currency system that is based on the ERC20 standard of Ethereum platform. It is also compatible with the standard ERC20 token interface. By implementing standard API, it may be immediately transferred with not only the exclusive wallet storage transfer we developed but also all standard Ethereum wallets.
VNDC is the first stable coin of Vietnam, and the first Stablecoin that offer staking at 12% annual rate. VNDC plays as core banking system that provides technology and blockchain system (includes blockchain nodes and infrastructure) for Vietnamese financial institutions (includes resellers, banks…). This system then can be utilised as a mechanism for trading and hedging in global crypto capital markets, as well as, preparation for the upcoming global stablecoin movements.
2. Where are your code repositories located? We have our inhouse development team handle VNDC’s backend code and core system.
3. Do you have any products or UI demos that you can share publicly? Are any built by your community, as opposed to being in-house demos?
VNDC is a ready product and can be found on various platforms, as well as we can share our VNDC homepage and exchange gateway:
https://vndc.io/4. Do you plan to release weekly progress updates in this forum? Yes.
5. Do you plan to host monthly or bi-monthly video AMAs? Yes.
COMPETITORS
1. Who do you view as your current competitors/peers? As in Vietnam market, we are the only one that do this under Vietnamese Laws & Regulations
2. What is your project's competitive advantage over existing or potential future solutions? VNDC is the first stable coin of Vietnam, and the first Stablecoin that offer staking at 12% annual rate. VNDC plays as core banking system that provides technology and blockchain system (includes blockchain nodes and infrastructure) for Vietnamese financial institutions (includes resellers, banks…). This system then can be utilised as a mechanism for trading and hedging in global crypto capital markets, as well as, preparation for the upcoming global stablecoin movements.
Contact us:
Fanpage:
www.facebook.com/vndc.io/Twitter:
https://twitter.com/VndcstableLinkedin:
https://www.linkedin.com/company/vndcstablecoinMedium:
https://medium.com/vndc-ltdTelegram community:
https://t.me/vndcvietnamTelegram channel:
https://t.me/vndcstablecoinYoutube:
https://www.youtube.com/channel/UClfdu29ebkGbb4JTdqqwT2wWebsite:
https://vndc.io/
