ViValid is a service based on blockchain technology designed to serve as a conduit between individuals seeking information about the potential value of items in hand from experts in corresponding fields.
Additionally, the very nature of blockchain, which is how to retain and spread within it, opens up an opportunity to create the first decentralized, immutable, and, therefore, trustworthy, community-driven ledger of collectibles that contains the history of their value and ownership changes. Whereas the former aspect of the system gives its users information about the market value of an item, the latter potentially increases it.
ViValid serves its purpose for both casual and professional users. Whether you're trying to find out what your old furniture in storage is worth anything, or you want to confirm that the movie prop in your collection is, in fact, what you expect it to be, ViValid provides you with a realistic and accurate answer.
We have based the foundation of our system on three tenets that are deeply ingrained in our internal culture:
1. First, we trust, then verify.
We recognize that the success or even usability of a proposed system must be based on trust and transparency. Potential factors such as ulterior motives, biases, or ignorance expressed by any party would nullify the validity of the service. Therefore, we developed the Proof of Validation (PoV) protocol, which is the statistics and miracles of blockchain technology. ViValid is a technology that allows large masses to interact democratically while remaining independent and decentralized. A solution like that is unique and provides an innovative approach.
2. Do what you can to make life easier.
Time is a precious commodity. Literally. The attention span shortens while the flood of information increases rapidly in this day and age. ViValid understands this and puts much effort into matching users experiences with the challenges of emerging technologies
problems
Have you ever sold something, then maybe you have the recurring thought that "maybe the price was too low"? ViValid not only has an answer to your question, but also provides you with a certificate of assessment, which gives you great positions in negotiations with potential buyers.
Have you ever sold something, then maybe you have the recurring thought that "maybe the price was too low"? ViValid not only has an answer to your question, but also provides you with a certificate of assessment, which gives you great positions in negotiations with potential buyers. There are no easy answers to how much your antiques and collectibles are worth. It often takes a long time and requires extensive research and patience - and even after that, you can not be sure that your source is trustworthy. Usually, the price is negotiated between a buyer and a seller who needs to have a solid knowledge of the market price. Nowadays, sellers look for guides, articles, or online appraisal services. However, even with these online resources, published prices may not reflect the real value of the assets for two reasons: First,
Several traditional methods can be used to determine a proper selling price:
Learn about your item's qualities (material, style, age, etc.). You can find such information in reference books, guides, and tutorials in your favorite library or online.
Visit antique or pawn shops, look for similar items, and see how much the proprietor wants for the asset. However, that solution creates a conflict of interest because the buyer wants the lowest price and the seller wants the highest.
Check online sites such as eBay, Amazon, or dedicated forums and search for similar items that recently had been sold.
Visit certified appraisers in your area who specialize in your asset. Depending on location and the level of expertise that can reach 400 USD or more.
Let's say you have an old stamp you want to sale, and you do not know anything about it. How long do you think it would take for you to determine the real price? What would be the reliability level of price? The answer is simple. It depends on your dedication to the task and the availability of the resources that you possess. It could take several days in a best-case scenario.
If you decide to use ViValid service, it will take a very short time. You need not search for guides, online auctions, or experts. You can take a few pictures of
In the classic approach, the critical issue when seeking an expert is a conflict of interest. You do not want the person valuing your asset to have an active interest in purchasing it. ViValid is the perfect solution for such a problem. Validators will be chosen from community members across the globe.
ViValid presents itself as a scalable ecosystem with a collector 'community. All participants benefit from its unique functionality by receiving revenue. It also solves the problem of a lack of opportunity to monetize knowledge in collector communities. Some experts have very narrow areas of expertise, which prevents them from using their expertise in local markets, but on a global scale, their skills could be greatly utilized. As a result, it creates a new horizon for them to become renowned members of a worldwide collectors' community.
There are two major sources of income built into the service: transaction fees and micropayments.
Transaction Fees There is a small cost in ViV tokens to the end user involved in providing an item for validation on each tier. A fee structure can be broken down into three essential elements:
GAS
Creating a smart contract in blockchain technology requires payment of transactions. In terminology adopted from Ethereum the fee is called "gas." Conversion from ViV to gas is automatic
COMMISSION
The commission is a small percentage of the payment after subtracting gas fees, covering the ViValid service's operational costs.
REMUNERATION
The most significant portion of the payment gets divided and distributed among Validators as a form of remuneration for their work.
CONVERSION FEE
At some point validators will want to convert accumulated tokens to fiat currency. They may do so either by transferring tokens to third-party exchanges or putting them on sale in the internal micro-exchange, which is part of the system. In the case of the latter, a small charge applies in the form of a commission.
TOKEN SALE
Ticker: ViV Token: Utility, ERC20 Token Purchase methods accepted: ETH Inflation: None (Maximum number of tokens: 200 000 000 ViV 1 ETH = 1800 ViV Tokens for public sales: 140 000 000 ViV
Pre-sale details: Date and time of pre-sale: 14th of May 2018 Minimum purchase amount for pre-sale: 0.1 ETH 1 ETH = 2520 ViV (40 % bonus)
Main sale details: TBA Date and time of the start of sale: TBA Minimum purchase amount for pre-sale: 0.1 ETH 1 ETH = 1800 ViV
Bonuses: 1 st week: 2070 ViV (15% bonus) 2 nd week: 1980 ViV (10% bonus) 3 rd week: 1890 ViV (5% bonus) 4 th week: 1800 ViV Soft Cap: 20 000 000 ViV Hard Cap : 140 000 000 ViV
If the Token Sale is not reached, all remaining tokens will be burned at the end of token sale. Actual amount of ViV will be known after the end of the token sale.
If soft cap will not be reached in the main sale, then all the funds will be returned to participants (less any applicable transaction costs) within reasonable period of time from the end of token sale
Soft cap and hard caps calculated as a base price of Ethereum from 7th of April 2018. Soft cap equals 4 100 00 USD, hard cap equals 28 750 000 USD
TOKEN DISTRIBUTION
10% will be held by the company, distributed to development team and contributors. These tokens will be locked up for one year.
5% will be used for the ViValid ecosystem to guarantee the liquidity of the operational pool. The pool serves the purpose of reserve used in the event of demand for ViV tokens considerably surpassing the supply within ViValid internal micro-exchange. Tokens in this pool will not be available for sale on the free market and are not meant to be traded. Tokens from that pool will be locked for 2 years to the end of ViValid developing process.
70% will be sold during the token sales. It represents the total token supply for pre-sale and main sale.
15% will be part of the ViValid project, developing and improving the service and offering community driven promotions and initiatives. Tokens are locked for 3 years with following proportions vested each year: first year: 50%, second 25%, third 25%
ROADMAP
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