PRICE NOW
VPP / QKC = 0.101215
1 QKC = 9.88 VPP
FINISH

ICO DETAILS

ABOUT THE PROJECT

We are positioned in a decentralized specific financial asset, the Value Promise Protocol (VPP), which allows all public chains (which can support smart contracts and tokens) to have the ability to issue and exchange specific financial assets, making people create and trade financial contracts without a threshold. Specifically, everyone here could issue and exchange the risk management financial assets such as commodities/foreign exchange futures, option derivatives, and index insurance. We refer to such a market as a system of “linked to objective open indicators, financial assets issued – traded”. The project has been registered by nearly 90,000 users, and the monthly living rate is over 80%.

The investors of the project include Fenbushi Capital(the world’s famous capital), PreAngel Fund, Wenzhou Capital, Fission Capital, Crypto Venture, Shoulian Capital, MDT Foundation, QKC Foundation, Themis Foundation, OKEX Super Node, Bangshi Capital,Yinli Capital etc.

The first application of VPP was the “Weather Derivative Contract”, which was invested by angel investors Wang Gangwhich the PreAngel of DiDi Wu Shaoguangthe founder of TenCent, MingShi Capital, and Ink Weather Investment. The founding team has accumulated mature business for 3 years. It has mature first-generation products and growing income. The products have been on the line for nearly 10 months, and more than 200,000 contracts have been issued. The service has exceeded 100,000 person-times. The distribution channels include ink weather APP. The station page, Sunshine Insurance, affects more than 500,000 communities, and the application has been launched at the end of March.

Android version download: http://download.valp.io/ValPromise_v2.1.2.apk


External Evaluation

ValPromise received a high score of A- on ONE.TOP (authority in China

8.7 points (10 points total) in COIN MARKET PLUS;

8 points (10 points in total) in ICO BUFFER;

4.06 points in ICOHOLDER (5 points in total)


ONE.TOP https://mp.weixin.qq.com/s/9q5bLqNfztGEPFO6AI6PHA

COIN MARKET PLUS https://www.coinmarketplus.com/token/valpromise/

ICO BUFFER https://icobuffer.com/projects/valpromise

ICOHOLDER :https://icoholder.com/en/valpromise-22958



About the margin mechanism locks in tokens


When any user creates a commitment contract, the platform automatically locks the corresponding VPP in the user's wallet as a security deposit. The deposit cannot be transferred or traded until the contract is created and executed. ValPromise adopts the 100% margin system, and VPP is the only digital trading medium for the whole platform. Any party to issue a contract must have enough VPP in the account. Demand determines supply, thus ensuring the demand and expectation of VPP in the whole ecosystem.


Classification of DPOS contract issue rights and interests


The distribution rights of the contract are classified, and the higher the level of interest is, the more freedom the contract has, In the ValuePromise system, the greater the user exposure, the greater the rights and interests (The greater the potential flow of the contract is issued). The level of equity is based on the user's "VPP holding * hold days", that is, currency days.



Token consumption scene


Transaction fee

Users will pay a portion of the transaction fee for any value commitment contract they trade. Fees are shared with ValPromise exchanges, agents, marketmakers and contract authors.


Template issue fee

Anyone can create a contract template, and in order to ensure that the template is not spammed, ValPromise will pay a portion of the distribution fee when the contract template creation takes effect.

Based on the above token mechanism, the ValPromise value commitment agreement will be positively driven by the token economy. Encourage the generation of high-quality contract templates, encourage excellent agents to recruit more users, reward better quotations and market makers in order to improve the vitality of the ecology.


Margin mechanism

When any user creates a commitment contract, the  platform  automatically  locks the corresponding VPP in the user's wallet as a security deposit. The deposit cannot be transferred or traded until the contract is created and executed. ValPromise adopts the 100% margin system, and VPP is the only digital trading medium for the whole platform. Any party to issue a contract must have enough VPP in the account. Demand determines supply, thus ensuring the demand and expectation of VPP in the whole ecosystem.


Price stabilization mechanism of contract issue

In view of the volatility of the overall price of digital money, and the imbalance between supply and demand caused by VPP's fixed amount, VPP has a potential price volatility against other mainstream digital currencies such as ETH and USDT, which increases the use of risk for users who hold VPP and expect to use VPP platform services. Therefore, in the VPP trading system, the price stability mechanism is introduced according to the transaction scale  of  users. Be similar as the futures model. When a user enters the VPP system by exchange VPP, the system will prompt the user whether to hold in accordance with the spot or in the future is expected to hold cash amount 10% to pay the security deposit, and then obtain the lock for VPP exchange rate in the future. In the future, users will no longer worry about VPP's loss to mainstream digital currency price fluctuations before the system's promise expires. As a result, potential users of VPP can significantly increase their VPP holdings.


Based on the above token mechanism,  the  ValPromise ecology will provide positive economic incentive through token money. Motivate the generation of high-quality contract templates, encourage excellent agents to recruit more users, reward better quotations and market makers, so as to improve the vitality of the ecology.


ROAD MAP

Early March 2018

Complete ValPromise Private Placement

At the end of March 2018

Determine ValPromise's online trading hours in the first batch of digital cryptocurrency trading systems

Early May 2018

Complete ETH-based first-generation Weather Insurance scenario application product development

Late May 2018

The first Weather Insurance scenario application is online, ValPromise holders can start participating in ValPromise commitment contract transactions

June 2018

Mobile products get online

August 2018

Complete API interface development for ValPromise's commodity futures and foreign exchange options business

November 2018

The ValPromise blockchain integrated business system was completed. Everyone can issue a promise, everyone can believe the promise, and the promise of the release can be built by trading the business system.

December 2018

Continue to operate the ValPromise blockchain system and strive to achieve steady growth in the market value of the ValPromise token system

TEAM

Xiang Tao, Data Scientist

Master of Information Engineering in 2011, The Chinese University of Hong Kong, has founded two big data companies, Hexun Technology (Global Satellite Big Data Monitoring Service) and Weather Bao (Full Automated Weather Risk Contract Pricing & Distribution Service). In 2014, the business was assisted by breaking the monopoly of Western strategic data and creating new momentum for economic growth. In 2014, it was interviewed by Focus Interview and Forbes.

AnnaZhang COO

The entrepreneurs who is post-90s started a business in the second year of the second year. She was selected as the second prize winner of science and technology entrepreneurship event in Jiangsu Province. She is a early participants in virtual currency, joined the Singapore blockchain investment team in 2017 (participating in the project Origin Protocol, Boosto, Inkl, Gifto, Market Protocol, Artval). Aana has rich experience in blockchain market development and operation.

Eddie, Full Stack Development Engineer

Graduated from Dalian University of Technology. He has worked for Alibaba, Taobao, and innovative pea pods.In 2015, he began to contact the blockchain and accumulated experience in mainstream digital currency such as Bitcoin and Ethereum and related blockchain technology.

Wang Hui, Full Stack Development Engineer

Graduated from Beijing University of Posts and Telecommunications. He has worked for such well-known companies as Microsoft China and MooterMedia. Since 2015, he has entered the blockchain industry and has extensive experience in blockchain technology development, and has a deep understanding of blockchain technology.

Liu Shiming ,Blockchain Development Engineer

Entrepreneur. Dr.Zhang is a pioneer in decentralized applications. He successfully founded the world's first decentralized industry grade intelligent lighting network MeshSmart, NA cryptocurrency mining infrastructure company Consensus Core,blockchain-as-a-service company DappWorks, and financial behavior analysis platform Market Memory.

ADVISERS & INVESTORS

JiaoZhen

Doctor of Computer Science, National Natural Science Foundation of China, has served as a researcher at the Industrial Research Institute of the Ministry of Industry and Information Technology, and a researcher at the Institute of Computing Technology of the Chinese Academy of Sciences. He has chaired and participated in the National Natural Science Foundation, a major national science and technology project, and a joint research and development project of Fortune 500 companies.

Wang Lijie

Founding Partner of PreAngel Fund, Executive Director of China Youth Angels, Executive Director/Executive Director of Haitian Association, Director of Beechat. In August 2014, he started to enter the blockchain field. He is an angel investor of NEO and ObEN PAI. He also participated in the private equity round of blockchain projects such as ETP, TSL, WAX, BFT, BAI, SPC and DRC.

Lao Weixin

Visiting Professor of the Chinese University of Hong Kong, Visiting Professor of the Industrial Technology Research Institute of Peking University Business School, Chairman of the Qianhai International Blockchain Ecology Alliance, Member of the Board of Directors of the Innovation and Technology Fund of the Hong Kong SAR Government, Research Director of the Asia Pacific Research Center of Harvard Business School, Bell Experiment Senior project manager.

Raymond Yang

PruSmartHR Insurance Consulting Services CEO, former head of Asia Pacific for North American Search Group. Its executives include Pacific Life Re CEO in Greater China, US Reinsurance CEO in Taiwan and Southeast Asia, PwC China Non-Life Insurance Actuarial Consultant, and Zhonghong Life Insurance CFO.

Zhang Yipeng

Senior Internet Product Specialist Master of Electronics and Communication Engineering at Fudan University, product manager, has worked for China's largest Internet advertising company, APUS and Qihoo 360, and the product line responsible for zero to one is over 100 million yuan, and the global user volume is more than 150 million.

FENBUSHI Capital

PreAngel

Alpha Connect

WENZHOU Capital

GVC