Token/Symbol
VIRT
Type
ERC20
Platform
Ethereum
Accepting
ETH
Token Count
1,000,000,000
Price
1 ETH = 8,000 VIRT

Digitalizing a $300 Trillion capital market

Cryptocurrency and Blockchain technologies are the way of the future, having created a myriad of new opportunities in every global industry.

But all the benefits of cryptocurrencies can’t be truly realized until larger and more varied capital is opened up to investing.

That’s where Virtuse Exchange’s world-first trading platform is set to change the industry. By integrating the trillions of dollars stored in traditional capital markets with cryptocurrency through the use of Digital Asset Collateralized Tokens (DACTs), we’re enabling what could be the biggest change in investment history.

Virtuse Exchange - Turning gold into blockchain

ALONG WITH THOUSANDS OF OTHER TRADITIONAL ASSETS

Blockchain technology has already been transforming how value is stored, recorded and transferred.

But despite it opening up new financial possibilities to millions of people around the world, they still can’t access Stocks, Commodities, or Futures without having to open bank accounts and pay huge fees to trade.

With Virtuse Exchange, cryptocurrency investors can invest in a huge range of asset classes, simply by buying DACTs that are secured against real world assets. Not only does this offer an exciting new way to invest, it also provides an attractive way to store crypto profits during times of volatility (rather than having to exchange into FIAT).

An exchange like no other

Traditional markets benefit the wealthy and the institutions, cryptocurrency benefits individuals, but with Virtuse Exchange, the world markets will be open to everyone.

Borderless and 24/7/365

Our platform enables anyone in the world to trade both cryptocurrencies and financial assets at any time, in any location. It’s the first true borderless platform that’s 100% crypto.

Trade every global financial asset

Virtuse Exchange will initially launch with basic cryptocurrency pairs. In the second half of 2018, we’ll be adding our unique Digital Asset Collateralized Tokens (DACTs) - asset backed crypto investments in stocks, bonds, commodities and other funds, allowing you to take advantage of every opportunity you can think of.

Revolutionary new digital instruments

In addition to DACTs, we’ll also be offering expertly managed DAFs (Digital Asset Funds) – tokens that are comprised of several coins, with liquidity ensured. These funds will create a whole new class of investment opportunities with virtually unlimited potential - that aren’t available anywhere else.

Fully Secured

Our team has extensive experience in building secure financial trading systems and Virtuse Exchange will be no different. We’re implementing state-of-the-art security technologies to ensure your funds stay safe from hacking and data breaches.

Facility based in Singapore

To attract and enable access to the traditional capital markets, we’ve located our exchange in a major financial hub - Singapore. Whilst our platform will be completely decentralized on blockchain, it still needs an interface with the capital markets, which is why we’ve chosen one of the world’s most diverse and advanced financial trading centres.

Low Fees

Our platform eliminates the need for clearing banks, custodians, excessive brokerage and high exchange fees. As a result, we provide all of the benefits of instant electronic trading, at a fraction of the normal cost.

Community

We’ve involving a huge community of large volume traders, institutional investors, cryptocurrency miners, OTC brokers and market makers to ensure our platform gains strong levels of adoption as quickly as possible.

Opening up trillions of dollars in assets through cryptocurrency

16 of the biggest futures exchanges in the world account for 87% of global market capitalization.

And all of that capitalization is in traditional assets.

By providing anyone with an Ethereum private key the ability to invest in ANY publicly tradeable asset, we’re building a future that everyone can benefit from.

Problems we solve:

Our current landscape, the culmination of growing pains and structural chaos – rife for disruption and innovation.

Incumbent exchanges

Centralized 

Traditional Exchanges are centralized within a few marketplaces, bred of a severe imbalance in market power. These entities result in a cartel-like consolidation of the sector (e.g., 16 of the biggest stock exchanges account for 87% of global market capitalization). Overall, they are losing steam in lieu of the latest global developments. 

Inaccessible 

Due to stark market consolidation and centralization, the current exchanges are able to dictate requirements that present high barriers to entry for small investors and everyday folks. They regularly mandate excessive collaterals, deposits, and trading limits which unashamedly favor large institutional players. 

Expensive 

With centralization also comes the need for intermediaries, such as clearing banks, custodians, and depositories. The added costs of these extra layers render legacy exchanges to be notoriously expensive. Worse, these middlemen have the opportunity to discriminate against different segments of their customers in a wide array of both implicit and explicit ways.

Crypto Exchanges

Insecure 

Many crypto-based exchanges fail to protect the user, often due to their weak IT infrastructures and vulnerability to hacking. There are dozens of exchanges that have had to cease operations due to successful hacks and attacks.

Lack of Innovation

Most crypto exchanges are alike in their product offering, and none of them provide access to tangible, global financial markets. In comparison to the incumbent exchanges, they provide poor market tools, research, and financial analytics to properly manage portfolios and execute strategies.

Poor customer service and language support 

Most existing exchanges provide poor and erratic customer service support. Our international team has professional experience across the globe and are able to provide proper support to traders worldwide.

Born from experience

Unlike many cryptocurrency businesses, Virtuse is not a new company.

As one of the most recognisable energy trading brands in Europe, Virtuse Group has a 12-year track record in business, with revenues of EUR 250 million and clients in 22 countries.

CEO Ras Vasilisin’s experience in international markets, investment banking, brokerage and fintech puts Virtuse in a great position to take on the world.

How the funds will be used

Our Initial Coin Offering (ICO) is expected to raise a further $20,000,000 to help fund:

Global marketing campaigns to drive uptake and increase the demand for VIRT tokens

Future development of the exchange to add new features and trading opportunities

Company liquidity to ensure we have sufficient financial resources to fund our long-term growth plans

Virtuse Exchange will launch as a fully-funded entity, and with the community and revolutionary technology we’re building, we expect to continue to be self-funded from our transactions (even as small as the fees will be).


Team


Ras Vasilisin

FOUNDER AND CEO

Founder and CEO Ras is the Founder and CEO of Virtuse Exchange. Over the last 12 years, he has led the Virtuse team to become one of the most recognizable brands within the European energy industry. The company has grown to be one of the largest emissions traders in the EU and China, reaching revenue of EUR 250 million and servicing clients across 22 countries. The beginning of his professional career is associated with two major global financial centers: London and New York. After receiving a degree in finance at Pace University in New York, he worked for Mitsui, and later represented New York’s investment banking and brokerage firm, Joseph Stevens & Company, Inc. Ras utilized his Wall Street experience in Europe, where he established a brokerage company in Prague, was involved in leading financial and private equity groups, and in 2006, he established Virtuse, which became a cornerstone for the future Virtuse Group. Ras oversaw global strategy, fintech trends, and investment relations for Virtuse Group, as well as the creation of new segments and possibilities in fintech and renewables. He has recently led Virtuse into new markets including China, Singapore, Indonesia, and the Philippines. Ras is married with three children and lives in Singapore. He speaks English, Slovak, French, Russian, and is working hard on his Mandarin and Polish.


Matej Demes

COO

Aside from serving as the Exchange’s COO, Matej is a member of top management of the Virtuse Group´s investment committee. Matej played a key role in determining the company strategy, while as an part of executive management, he is also responsible for daily operations, the execution of strategic initiatives, and for the operative supervising of the organisation. He has been involved in the international financial and energy market industry for more than 12 years. After a 10-year career in financial news and media, he helped to establish Virtuse Group from its start in 2006. He participated in creating the wealth management business and investment advisory services in central Europe during his first years with the company. Matej combined his skills with several years of management experience from international business. He was responsible for establishing and developing emissions, energy, and equity trading businesses, negotiations with new counterparties, analysing new markets, and was a participant in the application process for the global energy exchanges. Besides new partnership negotiations, he was active in energy trading on exchanges such as EPEX Spot, EEX, HUPX or PXE with a traded volume exceeding 1 TWh. He collaborated on the group’s expansion into foreign markets, managed the creation of new entities within Virtuse Group, and later, their integration under the group‘s structure. Matej managed the group´s expansion within the European continent, as well as towards SouthEast Asia. Matej is married with two children and lives in Bratislava, Slovakia. He speaks Slovak, English, and German.


Lee Chen Hui

TECHNICAL DIRECTOR

Chen Hui combines personal passion for investing and foundation technologies with decades of experience in software and platform engineering. He has a strong interest in cloud and blockchain technologies. He is hopeful of a decentralized platform which enables individuals to control their preference and data. He previously served as Cloud Solution Architect of Mitel Networks, and, has held various sales engineering and managerial positions. He holds a bachelor’s degree in electrical and electronic engineering from National Taiwan University, and, a master’s degree in communication engineering from University of Manchester Institute of Science and Technology.


Jan Simek

HEAD OF PRODUCT DEVELOPMENT

Over the last 7 years Jan gained experience in Startups, Consulting, IT, and Renewable energy. He started his career in a small IT firm in Prague, developing information systems for companies in various industries. Later, he was involved in the development of several solar power plants in the region. In 2015, he moved to Southeast Asia and helped to establish and grow the food-delivery company, Food Panda in Singapore, Hong-Kong, and Malaysia. In 2017, the company IPO’d as part of Delivery Hero. Later, he was involved in the development of several solar power plants in the region and joined. Jan`s greatest passions are scuba diving and sailplane gliding, discovering hard to reach destinations in Asia along the way


Ronald Shi

HEAD OF TRADING AND ANALYSIS

Ronald has over 10 year of experience in the Financial sector, having held leadership roles worked for several banks within Forbes top 500 and international trading house. He is well-versed in financial analysis and strategic planning, and manages several successful micro hedge funds. His experience in multi asset class financial products and cryptocurrency investments brings a important perspective to the project. He believes that key changes are facilitating the growth of blockchain technology and finance.

Roadmap

  • PHASE 1

    Trading kickoff. Stability, security, and initial DACTs.

    Release of blockchain-driven exchange platform and regulation approval. Trading with standard crypto assets (Bitcoin, Ethereum, etc.) with ensured liquidity by market makers. We will launch our inaugural Gold, S&P 500, and Carbon emission DACTs (Digital Asset Collateralized Tokens) in the Phase 1.

  • PHASE 2


    DACTs revolution and Advanced analytical tools.

    Vast inclusion of DACTs (Digital Asset Collateralized Tokens) – special digital instruments directly linked to real, underlying liquid assets (Carbon, Gold, Oil, S&P 500). We will also launch new, advanced analytics, as well as other easy-to-use tools for traders.

  • PHASE 3


    DAF inclusion and organic growth.

    Launch of DAFs (Digital Asset Funds) – tokens consisting of portfolios comprised of several coins, with ensured liquidity, managed by experts. These funds are an entirely new and innovative class of investments.

  • 2015


    Establishment of Virtuse Group

  • 2016


    Virtuse Group headquarters relocated to Singapore from Prague

  • March 2017


    Inception of Virtuse Exchange business model

  • January 2018 

    Whitepaper drafting Initial roadmap established 

  • March 2018 


    Platform development commenced 

  • May 2018


    Virtuse Xchange Ltd Plc registered in Singapore White paper circulated 

  • August 2018 


    Platform Alpha version released ICO date announced 

  • September 2018 

    Platform Beta version Private sale 

  • October 2018


    Start of ICO Launch of DACTs Dapp beta 

  • November 2018


    ICO ends DACT platfom release 

  • December 2018 


    Token distribution Compliance with IE SG for Commodities trading

  • 2019Q1 


    Started DAF Virtuse Gold DACT created 

  • 2019 Q2 


    10 DACTs listed 

  • 2019 Q3 


    Launch of Virtuse Startup Fund & Commodities Performance Fund

  • 2020


    Singapore‘ RMO License (Registered Market Operato)

  • 2021


    1% of global commodities traded on platform

  • 2022


    5% of global commodities traded on platform

White Paper

Investment Info
Accepting ETH
Token Info
Country
Hardcap $20,000,000
Softcap $5,000,000
Token VIRT
Platform Ethereum
Type ERC20
Token Price 1 ETH = 8,000 VIRT
Token Count 1,000,000,000
Schedule
Pre-Sale Start Date 2018-September-16
Pre-Sale End Date 2018-September-30
Crowd Sale Start Date 2018-October-01
Crowd Sale End Date 2018-October-31

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