VRT Token Sale is Open! Everything You Need To Know…

The wait is over! We are starting the VRT token sale today. If you haven’t heard of VRT World’s newest project, you may not be alone — but you are in the right place! We’ll tell you about VRT tokens and all the reasons you want to get your hands on them.

What is the VRT World platform?

Log on to our website, and pay special attention to the ‘Project structure’ section.

The main goal of VR KIT’s platform is to create a decentralized VR marketplace with easy to use SDK and APIs that facilitate VR content creation and attract a wide range of developers, without restricting them to a single company or type of device. The key advantage of the platform lies in its connection to our franchise of VR parks, which will become an “offline gateway” into this marketplace and allow outside developers to sell their content without purchasing costly equipment. In addition to these benefits, we will also create an emulator that allows developers to test their products before launching them on the platform.
The platform will operate based on blockchain technology, and as a result, will benefit from a high level of transparency and openness for all market participants. This will also allow a fair distribution of funds between content creators and content markets, making the end product more affordable for consumers.
Additionally, VR KIT will be regulated by its community, which will decide on development direction and priorities. The platform will incentivize new content that reflects the needs of the platform’s users and not the interests of a small group of owners (as commonly happens with other centralized services today). Artificially inflated vote counts and paid releases will become a thing of the past, and top spots in content ratings will be earned by products that have been voted on by the platform’s users.

The main elements of the platform are:

1. Marketplace: An area where the platform’s content and services may be bought, sold, or rented. Content creators will be able to set their own prices and price models, including free distribution, freemium, and one-time subscription payments. Other models are possible as well, including auctions, crowd-funding, and donations.
2. Blockchain and Smart Contracts: Technology responsible for the following functions:

• Act as the platform’s payment mechanism and guarantee transparency in the distribution of funds acquired through transactions between VR KIT’s participants.
• Ensure all content creators’ intellectual property rights are protected.

3. API and SDK: Content development tools that will simplify VR content creation.

4. Storage: Decentralized storage based on the IPFS protocol to house all of the platform’s content.

5. Emulator: A partition within which developers will be able to test content compatibility with various VR devices prior to launch.

VR KIT participants: May be divided into the following categories:

1. Content Creators: Game and application developers, video makers, and live and/or recorded content streamers.
2. Content Buyers: HMD owners who purchase VR content for entertainment or educational purposes. Other major content buyers will include companies and noncommercial organizations that use VR technology in various contexts, such as in VR parks, telepresence, etc.
3. Platform Moderators: Community members that ensure content safety and compliance with platform guidelines.
4. Storage Providers: community members that rent out space on their hard drives on which to store the platform’s content.
5. Advertisers: Agencies and other parties interested in placing their adverts in VR content.

What Are VRT Tokens?

VRT tokens act as a “fuel source” for the entire platform. They will be released on the Ethereum blockchain in accordance with the ERC-20 standard. The tokens will be used in several ways.

As Payment

VRT tokens will primarily be used as a payment method for all platform transactions, including the purchase, sale, and rental of VR content, as well as for various services.
A smart contract with all relevant details (subject and type of deal, price, time limits, etc.) will be created at the time of the transaction. After verifying contract details, the buyer will send VRT tokens to the address specified in the contract and will then receive a download link or confirmation of services performed. The seller will then receive the specified sum, minus a small commission to cover platform fees.
The size of the platform commission will vary based on the base commission rate set by the platform for each type of transaction, the buyer’s and seller’s respective ratings, and the total amount of the transaction, among others key factors.

As Rewards

VRT tokens will also be used as rewards, given to platform participants for completing certain tasks, such as content moderation, conflict resolution, and other functions. A VRT token fund will provide platform participants with rewards for assisting with the platform’s continuing development.

Storage Payments

VRT tokens may also serve as payment for content storage. Since VR KIT’s platform will use a decentralized storage model, all of its content will be stored on servers and hard drives belonging to platform users. This storage model will be based on the IPFS protocol.

VR Parks

Lastly, VRT tokens will be used to access our VR parks (with a 20% discount). Additionally, VRT tokens will be the only way to provide a lump-sum payment when entering into a franchise agreement for one or more of our parks. In both cases, tokens will be erased after the transaction takes place. As a result, the number of VRT tokens in circulation will decrease immediately after the ICO, driving up their value.
Long-term Plans: Additional token functionality include will come from:

1. Organizing tournaments with prize funds consisting of VRT tokens.
2. Streaming services with payments using VRT tokens.

Our Roadmap

Token Sale Details

Token Name: VRT

Token Price: $1

Soft Cap: $3 435 000

Hard Cap: $16 000 000

KYC: Yes

Total Supply: Up to 100,000,000 tokens

Payment Methods: BTC, ETH, LTC, DASH, BCASH

Referral Program Terms: 5%

VRT Sale Dates:

🔥 March 14–31, 2018: Minimum 150 VRT tokens ($150), bonus 20%;

🔥 April 1–15, 2018: Minimum 150 VRT tokens ($150), bonus 15%;

🔥 April 16–30, 2018: Minimum 150 VRT tokens ($150), bonus 10%;

Bonuses

Contribution Period Bonuses:

March 14–31, 2018 +20%

April 1–15, 2018 +15%

April 16–30, 2018 +10%

Restrictions for Countries:

VRT tokens are not being offered or distributed to — and cannot be resold or otherwise alienated by their holders to — citizens of; natural and legal persons of; and those having their habitual residence, location or their seat of incorporation in

(i) Singapore

(ii) United States of America (including its states and the District of Columbia), Puerto Rico, and the Virgin Islands or any other possessions of the United States of America

(iii) A country or territory where digital token transactions are prohibited or in any manner restricted by applicable laws or regulations.

To learn more about VRT; please visit our website.

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