Virtuse Exchange (VIRTU) Initial Exchange Offering Detail
Fully verified Virtuse Exchange users can participate in the VIRTU IEO beginning on Wednesday, May 23th.
New customers can sign-up here.
The hard cap is 400 million VIRTU, which amounts to ~12 million US Dollars. For individual accounts, there is a 1,000 VIRTU (~30 USD) minimum purchase amount and a 3 million VIRTU (~90,000 USD) maximum purchase amount. In the IEO, 1 VIRTU will be offered for 0.000125 ETH. The amount of tokens sold during the IEO, assuming the hard cap is reached, will represent 40% of the total token supply. VIRTU tokens will be issued by Virtuse Xchange Pte., Ltd., a Singaporean Company.
Additional details can be found in the table.
|Hard Cap||400,000,000 VIRTU (~12,000,000 USD)|
|Total Token Supply||1,000,000,000 VIRTU|
|Token Sale Price||0.000125 ETH|
|Vesting Period||No vesting period / No lockup|
|Per Account Maximum Purchase Amount||3,000,000 VIRTU (~90,000 USD)|
|Per Account Minimum Purchase Amount||1,000 VIRTU (~30 USD)|
|Token Distribution||Within 14 days after token sale ends|
|Token Sale Start Time||2019/05/23|
|Token Sale End Time||When Hard Cap is reached|
How to get ready for the VIRTU token sale
- Provide your email address at virtuse.com
- Register for the Platform at virtuse.exchange
- Deposit ETH into your wallet safeguarded by Bitgo
- Place a BUY Market Order for VIRTU/ETH pair with the selected amount ETH
- Soon enjoy up to 70% in dividends paid in ETH daily.
Virtuse Exchange which aims to be a bridge between traditional finance and new crypto markets is about to open globally-first crypto-commodities platform, and the VIRTU IEO is the first opportunity for the public to participate in the project.
The new venue, which was created by Singapore-based commodity broker Virtuse Group, allows retail and private investors to exchange cryptocurrencies, commodities, and soon equities, and other tradable assets through smart contracts. Open to everyone, those who pre-register will automatically earn 200 VIRTU.
In the first phase, investors from more than 100 countries will be able to invest in popular cryptocurrencies. Of course, all of the great features of crypto investing like Bitgo secured wallets, portfolio tracking and easy onboarding process remain fully integrated as well.
In the second phase, the platform launches the multi-trillion-dollar market of commodities like Gold, Silver, Oil or Coffee and Carbon emission allowances using the leading cryptos as a reserve currency. Later also ETFs, as well as indices like S&P 500 or Nasdaq 100 will follow.
This is arguably a huge step forward for 4.5 billion users who have no means to access traditional markets, and could also be assisting the adoption of cryptocurrencies if they can serve as a collateral to investing for new users.