What is VESTCHAIN?
VESTCHAIN is one of the newest projects, developed on its own blockchain, designed to implement and launch new cryptocurrencies onto the market. The main goal of the project is to create a network capable of processing millions of transactions per second. VESTCHAIN is a structural complex with a closed ecosystem.
Decentralization and transparency of any transactions on the platform is accomplished by using application scaling. While using this process, the schemes of interaction between protocols are created, like the work of operating systems.
The work of this blockchain allows developers, investors, traders and simple crypto enthusiasts to implement their own cryptocurrency projects and the boldest ideas.
Anyone will be able to buy a new token to operate in a decentralized network, because the sale will be carried out in parts, as the token will be redeemed.
The first stage of sales implies the release of 1 billion tokens, the second stage will be 700 million, during all subsequent stages will be issued 100 million of tokens annually.
If the bulk of the tokens won’t be sold during the current calendar year, the new lot will not be released and won’t go on sale. This innovation will stimulate traders and founders of ICO projects to buy tokens. If the tokens won’t be redeemed on time, the value of the token will also grow, since its free quantity on the market will constantly decrease. The first two lots of tokens constitute 50% of the planned volume, thus the release of new coins will continue for the next three years. If the coins won’t be redeemed, the term of the final issue will be postponed for a year.
vestchain whitepaper
