VVToken (VV), the company that created a financial solution designed to provide a broad spectrum of services globally, today announced that it has raised $6.1 million in the six weeks since the opening of its ICO pre-sale.
“We are very pleased with the interest that has been generated by our CyberBank™ and C*Commerce™ solutions,” said Dr. RJ Gosselin, VVToken’s CEO. “We are confident that we will continue our momentum and fully subscribe our ICO.” To date the pre-sale has attracted a very diverse audience, including sophisticated crypto investors and other early backers of the project.
The VVTOKEN crowdsale will open at 12:00 p.m. EST on December 5, 2017. VVToken will use the ICO funds raised to further develop and launch its new blockchain consumer platform, CyberBank™. VVTokens aims to raise up to US $22 million in a token sale to deploy a platform offering payment security and mobile affordability, one that utilizes the security and reliability of the blockchain while delivering financial appreciation to the cardholder. Details are provided in VVToken’s whitepaper.
The platform will leverage VVToken’s C*Commerce™ financial algorithm, which acts as a dynamic link between cryptocurrencies and fiat currency. VVTokens will initially introduce two CyberBank™-based products built on the C*Commerce™ platform that will revolutionize electronic connectivity between fiat coins, cyber-currencies, and will add value to user purchases by delivering bonus points based upon their Smart Invest™ algorithm.
VVToken will deliver two principal products on the C*Commerce™ platform. First, the CyberBank™ Platinum Debit Card, is an easy-to-get debit card for unbanked and underbanked people. These are typically lower-income consumers who are restrained by the cost of services and don’t have a debit card or bank account because of their personal financial situation.
The other product is the CyberBank™ Black Card, a cryptocurrency-based debit card delivering a platform that can be leveraged by individuals who prefer to minimize or eliminate intermediaries in their financial transactions. In addition, the CyberBank™ Black Card will allow for a near-instant transfer of value into and out of numerous currencies or for the exchange of value in a private and secure manner. This will provide the ultimate in flexibility, liquidity, and anonymity for wealthy people.
The main technology behind both of these products is VVChain™, VVToken’s blockchain, a digital ledger in which transactions made in Bitcoin and Ethereum or other cryptocurrencies are recorded chronologically and publicly. These transactions are leveraged by VVToken’s C*Commerce™ algorithm to deliver additional benefits and points to all users.