Weekly news: conferences, crypto funds and our plans
With the ICO start on November 27 looming, the team of co-founders is hitting the road to drum up institutional support for VLB Tokens. As former private equity and venture capital fund managers and entrepreneurs that have raised numerous rounds of financing for various companies, we know how important it is to secure funding from marquee investors.
Our pre-ICO strategy is dramatically different from other ICOs that are on the market. Current market practice is to raise funds during the pre-ICO in order to fund the actual ICO. This is a preposterous practice, which only demonstrates the immaturity of the teams that engage in it.
Our pre-ICO strategy is dramatically different from other ICOs that are on the market. Current market practice is to raise funds during the pre-ICO in order to fund the actual ICO. This is a preposterous practice, which only demonstrates the immaturity of the teams that engage in it.
Our pre-ICO strategy is simple and consistent with customary fundraising and fund management practices — obtain support from leading institutions, which, in addition to financing, bring transparency and offer feedback that significantly increases the chances for the project’s overall success. Institutions manage “other people’s money” and have fiduciary responsibility to exercise scrutiny and diligence. Investment from leading institutions ahead of the crowd sale part of the ICO is a litmus test for the project’s future success.
Last week the founders presented the project to investors at conferences in New York, Cancun and Gibraltar.
Institutional support ahead of the ICO should be the new norm in the industry. “What institutional investors support you?” — is the question that the crowd sale token buyers should be asking.
Based on the feedback that we received from the institutional crypto investors that have expressed interest to support the VLB Token ICO, we decided to introduce one of the most stringent lockup schedules seen in ICOs:
- First 100,000 ETH will be available after the ICO completion
- Second 100,000 ETH will be available on the 12-month anniversary
- Third 100,000 ETH will be available on the 24-month anniversary
Please, use the following links to get official updates:
- VLB Token ICO — starts on November, 27
- VLB Token — Whitepaper
- VLB Token — Roadmap
- VLB Token — Social: Telegram, Twitter, Facebook
- Subscribe to the Newsletter! → http://vlb.io
In the next month the team of founders and representatives of QIWI and some investors into CarFix will visit close to a dozen locations around the world to seek support from some of the leading crypto funds and other professional crypto investors.
Best regards,
Oskar, Vladimir, Paul
CarFix Co-Founders and VLB masterminds
