TVVIN Community Update
September 2023
At the close of May this year, we officially launched TVVIN with a Lightpaper, setting the foundation for our community. Shortly thereafter, we published our Whitepaper and initiated our ISPO. It has undeniably been a bustling few months since our launch, but even before that, our founders had diligently toiled since January. Their efforts included delving into the legal framework, conceptualising the platform and its offerings, and assembling a strong and seasoned team.
We are elated to have fostered such a robust and supportive community, cheering us on even in this bearish market where reduced engagement is often anticipated.
Approximately 500 individuals have demonstrated their dedication by participating in our ISPO. At present, our primary deliverable is a Dashboard for tracking ISPO rewards. Initially slated for completion by the end of September, we have had to realign our priorities in an effort to ensure we have the necessary funding to achieve our vision. We are pleased to confirm that the Dashboard will be ready by mid-October. We eagerly anticipate providing all our ISPO stakeholders with the ability to accurately and transparently track their rewards.
As our community is likely aware, we are also planning a Gold-Backed NFT Sale in collaboration with NMRK & CLUB MARS. While we have unveiled the design for the Cheeky NFT, backed by 10 grams of Gold, we are keeping the designs for the Mighty (100 grams) and Divine (1 kilo) NFTs under wraps for now. The qualifying whitelisted addresses corresponds to around $3 Million USD worth of Gold so far!
Regarding our Gold-backed token, $VVG, we have received several inquiries about its custody and the contingency plan in case of any issues with TVVIN. These are valid and significant questions that prompted us to further develop TVVIN’s legal structure. We have introduced a new component to our setup — the TVVIN Trust. This separate legal entity’s sole purpose is to serve as the legal custodian of underlying assets being tokenised, such as the gold in the case of $VVG. The TVVIN Trust will act on behalf of the trustees, who are the token holders. This additional safeguard will protect the assets of token holders, regardless of the fate of TVVIN as an operational company.
Over the past few months, TVVIN has attracted prominent advisors and piqued the interest of major institutions, generating considerable momentum. Although we haven’t been able to share these developments with the community due to lengthy processes, we are planning to unveil more soon. We hope that the insights we provide will excite our community about the prospects and future plans that lie ahead.
We extend our heartfelt thanks to our community for your patience and unwavering support. We are eager to provide you with more in-depth insights soon!
TVVIN takes real-world assets and issues them on the blockchain, where you can trade and earn the DeFi way while your assets are safely stored in the Real World.
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