Vaultbank

Vaultbank

Created using Figma
Created using Figma
Vaultbank is a global investment firm, committed to sound financial investment and technological advancement. Vaultbank Tokens offer quarterly dividends and are backed by secured credit assets created by an experienced Wall Street Executive Team. Vaultbank will also serve as an exchange for investors thus offering liquidity as well as the security and peace of mind that comes with the full regulatory compliance of a bank
Jan 18, 2018
Feb 18, 2018
100% completed
Raised funds - no Data
past
Dec 13, 2017
Jan 18, 2018
100% completed
Raised funds - no Data
past
Nov 9, 2017
Dec 9, 2017
100% completed
Raised funds - no Data
Goal 10 000 000 USD
Cap 100 000 000 USD
past
  • 1 VB
    =
    1 USD
Nov 1, 2017
Nov 30, 2017
100% completed
Raised funds - no Data
past
Token Details
Ticker
VB
Company Details
Registered Country
United States
Additional Details
Categories
Cryptocurrency

About Vaultbank

Vaultbank through a series of strategic partnerships will provide debit cards that will be accepted worldwide, and allow for you to pay with crypto through traditional plastic debit cards. Account Holders will be empowered to select from multiple cryptocurrencies for use as tender, and when they initiate a transaction (e.g. a dinner that costs $83.65), either prepaid debit cash will be used or the holder can elect to use Ether, Bitcoin, or Vaultbank tokens totaling that amount, which will then be sold at spot price to complete the transaction. Because Vaultbank debit cards will be accepted at all point of sale terminals – for the first time cryptocurrency will be able to be used as tender for purchases. Furthermore, Vaultbank will also be providing transaction services for other partner tokens - thus enabling other tokens to be used as tender.

Lowest​ ​Fees​ ​in​ ​the​ ​Market

Historically buying in and cashing out of cryptocurrencies was prohibitively expensive; limiting much of the functionality of tokens to the domain of speculators. Because Vaultbank will hold both cash and an array of cryptocurrencies at all times, it will be able to facilitate seamless exchange of cash in cryptocurrency to facilitate transactions, and will enable Vaultbank to compete with Coinbase on both service and fees.

Underlying​ ​Credit​ ​Portfolio​ ​to​ ​reduce​ ​Token​ ​Volatility

Vaultbank seeks to minimize the volatility of the token via producing a cryptocurrency that is backed by secured credit assets - in turn, the yields of these credit assets will be then reinvested back into the portfolio of credit assets to ensure a constantly increasing underlying fundamental value to each token. Further, Vaultbank will maintain a liquidity reserve to enable supporting the token price in times of market volatility. The portfolio of credit assets will further be secured by a Surety Wrap to enhance foe credit portfolio by CBL Insurance (an A-, publicly traded insurance company). Vaultbank, in a strategic partnership with Random Forest Capital, which uses artificial intelligence and machine learning, and various other off-line strategic partners will build a portfolio of secured credit assets. Vaultbank intends to lever the portfolio with a warehouse line of credit, secured by the portfolio of between 4:1 and 10:1 leverage, depending on the class of assets.

Vaultbank​ ​is​ ​Launching​ ​into​ ​a​ ​Growing,​ ​Stable​ ​and​ ​Maturing​ ​Market

The cryptocurrency market has grown by 1600% in the last 12 months. Financial giants including J.P. Morgan and Central Banks alike have invested in blockchain. The main street investor is likewise seeking more exposure to these markets (Bloomberg). Large and small investors alike seek a more regulated market that allows for the safety nets and insurance coverage offered in any registered security market.

Activity

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Austin Trombley
CTO
unverified
Stuart Shelly
COO
unverified
Christopher Cummock
Managing Director
unverified
Stefanie Shelly
Senior Director
unverified
Aaron Travis
Head of Revenue
unverified
Kevin Farrelly
Growth and business development
unverified
John Castaldo
Managing Director
unverified
Jerry Hudspeth
Board Member | Former President & CEO PFSC
unverified
Aaron Oliver
Board Member | Former Head of Digital Commerce MEA...
unverified
Tony Leng
Vaultbank Board
unverified
Mike Gay
Formerly Bank of America Executive | GE Capital Eq...
unverified
David Maughan
Advizor
unverified
Scot Matteson
Advizor
unverified

5 ICO

$96 400 000

Andrey Zamovskiy
Advizor
unverified
Patrick Baron
Advizor
unverified
N/A
5.0 0
ICO Profile Vision Activity Potential Product Team

Vaultbank Reviews

icoscoring.com
ICO review website

Due to the two-level structure of the token as a structural financial product and the Vaultbank leverage used, the real level of risk to which investors will be exposed is not obvious, since it will be necessary to rely on the objectivity of the rating of ABS tranches, and obviously will not match the declared reliability level of instruments with fixed yield. The positioning of Vaultbank's investment product as an opportunity to diversify investors' portfolios - in particular, to protect a part of the proceeds from interest rate risk, is also not particularly relevant because of the opportunity to participate in ABS insensitivity to interest rate dynamics through ETF - a much more traditional and liquid instrument, than potentially VB. Vaultbank's payment solutions even conceptually lose to the market products and concepts of competitors, both in terms of product economics and functionality, even conceptually. To date, the company is not ready to provide any of the services/products / services described to its potential retail customers, nor does it provide a coherent product development roadmap with prescribed time frames.

The business model of the project is trivial and quite typical for its sector - it does not provide the company any competitive advantages, it is easily replicable. The owners of the token do not have the opportunity to vote, i.e. influence decisions made by management, could potentially affect the stability of dividend policy. Soft cap at the level of 10 million USD and a hard cap of 100 million USD seem excessive in comparison with the pre-money valuation of the company, which was received at the stage of work with venture investors, in the amount of 7 million USD. The amount of token distribution to the team - 32.5% of the total offer of tokens - seems excessive.

The absence of specialists from the team with experience in trust management in collective investment funds. The unbalanced structure of the team is an obvious bias towards financial market specialists and, as a result, a shortage (in the official documents of the company there is only one person with a suitable background) for successful development of payment and retail solutions of Vaultbank. Parallel employment of members of the management core in other companies / projects is a risk of a spread of attention, which may affect the quality of management decisions. The team and its individual members lack the experience of deploying a project of this scale.

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bitcoinexchangeguide.com
reviews

VaultBank aims to build a blockchain-based blueprint for disintermediated financial services. The company itself is a global investment firm that offers quarterly dividends to all VaultBank token holders. These tokens are secured by credit assets. VaultBank aims to offer the regulatory compliance and security of a bank while giving investors the benefits of a digital economy.

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