VibGyorlabs.io ICO Start date-28/01/2018 10:00 AM GMT
VibGyor Labs Token- First Ever Crypto Currency backed by BITCOIN Futures & Options and Spot Price
VibGyor Labs based out of UK owns all required rights & titles of VibGyor Labs Token (VGLT), the worldТs first BITCOIN Futures & Options and Spot Price backed crypto currency which has minimum downside risk and unlimited up rise potential. VibGyor Labs Token a highly secure, transact able and managed crypto currency is the first to address these issues head-on. It is a crypto currency running on Ethereum platform. Further, VibGyor Labs Token will launch an ecosystem of three company economic ecosphere that will address the requirements for mass adoption through real-world use and liquidity via trading on legitimate electronic exchanges & with other crypto currencies.
The VibGyor ECOSYSTEM comprises of:
1. ERC 20 Tokens backed by Futures & Spot Prices of BITCOIN.
2. A Wallet for payment to various Merchants.
3. E-Commerce platform accepting crypto currencies.
ONLY 200 Million (1:1) VibGyor Labs Token:
Х 65% will be distributed within the public as community.
Х 15% will be distributed amongst project advisors.
Х 15% will be distributed among members of the project team.
Х 5% will remain in VibGyorТs account and will be used to collaborate with strategic partners and as Operational reserves.
The Contribution of Ethereum for VibGyor Labs Token will be deployed as under:
Х 80% of the contribution of Ethereum will be pledged with the designated exchanges as MARGIN for investing & trading in BITCOIN FUTURES & OPTIONS (F&O).
Х Balance 20% of the contribution will be deployed for Research & Development and the recurring expenses like marketing, sales incentives, bounty programs, operations and administration which are to be incurred until the company starts reaping profit.
Х The Company is not taking any Management Fee in the beginning. But once the trading begins, the company will take 20% of the net profits as Management Fee to run this Fund.
Х 80% of net profit will be either re-deployed in business or distributed amongst the Token owners.
Please visit us on www.vibgyorlabs.io
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