Vertus’ Roadmap for future ecosystem
Introduction
The promise of cryptocurrency is immense, offering a decentralized and inclusive financial system. However, mass adoption remains a challenge. As of 2024, only about 13% of the global population owns cryptocurrency, and in the U.S., ownership has grown to 40% from 30% in 2023.
One of the primary barriers is the lack of understanding and accessibility. The complexity of blockchain technology, with its dense jargon and intricate processes, can be intimidating. This is where Telegram, with its large and diverse audience, can make a significant difference. With over 700 million active users globally, Telegram provides an ideal platform to introduce and integrate cryptocurrency in a user-friendly manner.
At Vertus, we aim to break down the barriers to entry in the world of cryptocurrency. We are committed to making digital currencies accessible, understandable, and user-friendly for everyone. Our mission is to bridge the gap between traditional internet users and the decentralized world, creating a seamless and intuitive experience that encourages widespread adoption.
The Problem
Accessibility: Access to cryptocurrency is often hindered by the need for advanced technical knowledge. Despite growing interest, with 40% of Americans owning crypto, nearly 50% believe it’s too complicated to understand. This technical barrier limits participation to those already familiar with the technology, leaving a significant portion of the population hesitant or unable to engage with digital currencies. Many potential users find themselves overwhelmed by the initial steps required to buy, store, and manage cryptocurrencies, deterring them from entering the space altogether.
Complexity: The inherent complexity of blockchain technology, with its dense jargon and intricate transaction processes, can be overwhelming for newcomers. Terms like “hash rates,” “smart contracts,” and “proof of stake” are foreign to most people and require a steep learning curve. The need to understand how to use wallets, manage private keys, and navigate exchanges further complicates the experience. This complexity acts as a major deterrent for individuals looking to explore the benefits of digital currencies, as they often feel they lack the expertise to participate safely and effectively.
Security Concerns: Security vulnerabilities and the fear of asset theft are prevalent concerns among potential crypto users. High-profile incidents of hacking, such as the Mt. Gox and Bitfinex breaches, have left a lasting impression on the public. The irreversible nature of blockchain transactions means that losing private keys can result in permanent loss of assets. Many platforms lack clear, user-friendly security measures, which exacerbates these fears. Users are often left to navigate complex security protocols on their own, increasing the risk of mistakes that could lead to significant financial losses.
These challenges collectively hinder the mass adoption of cryptocurrency. Simplifying access and reducing complexity are crucial to overcoming these barriers and encouraging broader participation in the crypto space. At Vertus, we believe that addressing these issues head-on is essential for the future growth and acceptance of digital currencies. Our mission is to make cryptocurrency accessible, understandable, and secure for everyone, paving the way for a decentralized financial future.
Our solution
At Vertus, we aim to break down the barriers to entry in the world of cryptocurrency. Our approach focuses on making digital currencies accessible, understandable, and user-friendly for everyone. To achieve this, we’ve implemented a custodial wallet within the Telegram Mini App, allowing users to register and create a wallet with just one click through our bot and mini app in Telegram. This seamless integration eliminates the need for advanced technical knowledge, enabling users to easily claim their first token and immerse themselves in the crypto world immediately.
Furthermore, we are developing a comprehensive ecosystem of apps that facilitate easy integration into web3, all operating through Telegram and built on the TON blockchain. Central to our ecosystem is our token, VERT, which will be the foundation of all our products, including a decentralized exchange (DEX), a freelance platform, and other DeFi solutions. VERT will soon be available for trading on different platforms, including CEX and DEX. These products are designed to be as user-friendly as possible, encouraging web2 users to transition to web3 effortlessly. By providing simple, intuitive apps within a familiar platform like Telegram, we aim to attract more people to the crypto space, driving broader adoption and bridging the gap between traditional internet users and the decentralized world.
Our further development vision
Our vision is to create a decentralized ecosystem where everyone, regardless of their technical background, can participate in the crypto economy. We envision a future where accessing and using digital currencies is as straightforward as using any other online service. By leveraging Telegram’s widespread reach and user-friendly interface, we aim to demystify cryptocurrency and provide practical utility for our VERT tokens. This will not only encourage engagement with our products but also popularize them among web2 users, ultimately driving mass adoption of cryptocurrencies and fostering a more inclusive digital economy.
