Vertex created a market of a unique token that combines trading, venture capital experience, and fair-value-based tokenization. Vertex will create a financial ecosystem that will ensure a high-end, profitable market for investments in cryptocurrency, through its platform. Vertex offers the first aftermarket for ICO’s, which will provide investors with strong opportunities to get returns and bring more fiat resources into cryptocurrency markets, by attracting capital through its ICO vetting mechanisms.
VTEX tokens underpin the whole Vertex ecosystem: Token purchases within the Vertex platform can only be done using the VTEX token and the ICOs that Vertex buys into will be required to take a part of the payment in VTEX tokens. This will allow the utility of the VTEX token to grow as the ecosystem becomes more robust.
Vertex ICO began on October 1st, 2018. The ICO token supply represents 60% of the total token supply, so there is a total of 180,000,000 VTEX tokens available, for 0.22 USD each. The ICO funding target is 3,000,000 USD, the funding cap is 18,000,000 USD and is expected to end on January 25th, 2019 or when the funding cap is reached. Any unsold/remaining tokens will be burn.
Token Reserve Split (40%):