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Interview with Vertex
BitcoinChaser: What kind of problem, market deficiency or opportunity inspired you to launch your project?
Vertex: There is no aftermarket and currently, the only secondary market that exists are exchanges. OTC token transactions are extremely rare to non existent. Exchanges are bad for startups and it will take longer in the near future for a new project to get listed. Also most casual investors don’t know in what they should invest or buy because it is very hard for them to do proper due diligence.
BitcoinChaser: How will your project address this problem, market deficiency or opportunity in a unique way?
Vertex: We create the vertex aftermarket where Venture Capitalists, Funds, High net worth individuals all together evaluate projects. Once onboarded, we help those projects and let them conduct their ICO of which we bought many tokens ourselves due to high buy power and support we give them. now its time to give them to public and vertex will offer a substantial amount of their stake on this aftermarket for preferential prices. so everybody with an account, can just buy evaluated, top project tokens for a preferential price.
BitcoinChaser: How do you think competition will develop in this segment of the market following your ICO?
Vertex: To bring in a competition, there is a need of substantial buy power. we know there is such power but we haven’t seen someone coming and i think if we establish ourselves nice, we satisfy the market and competition will only be able to beat us in pricing but this is rather not realistic due to the nature of the business. also having 2-3 similar markets online would not hurt but could also help in developing the market itself.
BitcoinChaser: For all those who have read your white paper and are still on the fence about contributing with your ICO, what can you tell them that could lead them to buy into your project?
Vertex: For them who really did, thank you. we appreciate it. We are a real project with real business model and use case that doesn’t need anything fancy to happen. We are developing the solution and we plan to go live max 2 weeks after ICO with a working platform. If we reach hardcap, the ecosystem is quite big from day 1 and that means that there is more utility for our token. if we “just” reach a fraction of our hardcap, the ecosystem will still exist but just smaller and utility less but there is also less tokens so all in all, its the same result.
And we will run this market. there is no question about “will it work” or “can we do it”. its going to happen.
For more information, visit vertex.market
Vertex Links & Social Channels
Vertex ICO Details
300 million VTEX
1 October 2018
25 January 2018