Varius World Tech (VWT) is a UK based technology company focused on the provision of software and services to the gambling industry using Blockchain (Distributed Ledger Technology or DLT) as the primary means of delivering functionality, security and data integrity. As part of VWT’s funding strategy the company will launch a new crypto currency which we expect to be not only tradable on exchanges, but it will also be used as a payment token, or gambling chip, in on chain, on line and land-based casinos.
This token will be known as the VWT token. To facilitate the use of the token, VWT plans to develop a new merchant e-Wallet and an on-chain casino solution which will be made available under a white label to any operator that requires new or additional casino functionality. It is our belief that this functionality will be a disrupting factor in the casino industry and to cement our position as a leading provider of technology to the industry, VWT is also developing a new protocol which will be focused solely on the gambling industry. Our aim is that the protocol will become the de facto standard for additional layers of functionality to the sector. Utilising a Proof of Stake approach, and with the development of a patent pending algorithm, the protocol is intended to deliver faster transaction speeds (up to 50,000 transactions per second) and a layer of compliance and legality which allowing operators in the sector to undertake all Know Your Customer (KYC) checks and Anti-Money Laundering (AML) checks in near real time, all within the secure envelope of the blockchain.
The combination of the rich functionality provided by our software and the to be de facto industry standard protocol will set VWT ahead of all competition setting the company on track for strong growth over the next five years and beyond. Our protocol will be branded VIP (Varius Integrated Protocol)
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