Cryptocurrency exchanges ZB.com, ZBG and BW have announced their plans to join the Initial Exchange Offering space through their LaunchPad Program. They also revealed that their first coin sale will be through a partnership with V SYSTEMS, a blockchain project that was created by the Sunny King, the inventor of the Proof of Stake consensus mechanism. This will be the first coin sale conducted by the LaunchPad Program, set to launch on 27 March 2019.
This coin sale partnership, otherwise known as an initial exchange offering, is coordinated by the exchange platform which acts as an intermediary between the token issuer and interested contributors. Through this sale, potential investors can simply register an account on the exchange to purchase the tokens from the platform directly. Companies like Binance, OKEx and Huobi have already launched their own initial exchange offering programs. BitTorrent was able to raise US $7.2 million in around 18 minutes through the Binance Launchpad.
Because each coin sale will directly impact the reputation of the exchange partner, investors can be assured that the exchange will perform strict due diligence and be selective in deciding on their partners. This partnership with one of the top 10 exchanges in the world further sets V SYSTEMS apart as a trust-worthy and valuable company within the cryptocurrency community. The VSYS coin has already been listed on top exchanges like Bitfinex and KuCoin this year.
V SYSTEMS is a blockchain-based cloud database project created by Sunny King, who also created the Proof of Stake consensus mechanism. With a vision to deliver the world’s first object-oriented general purpose distributed database, V SYSTEMS hopes to provide a platform that can deliver cost-effective, scalable and easy-to-develop blockchains. It will realize this vision through using a newly developed Supernode Proof of State (SPoS) consensus mechanism.
CEO of V SYSTEMS, Dr. Alex Yang comments on this partnership:”We’re honored to partner with ZB.com, ZBG and BW for the coin sale. Removing the entry barrier will be a major step in pushing forward the materialization of Sunny King’s vision. We envision the partnership to not only encourage the adoption of VSYS Coin, but also further promote the coin leasing functionality where coin holders simultaneously govern the blockchain and earn minting rewards as incentives.”
The V SYSTEMS coin sale has launched on 27 March, with a supply of 45 million VSYS coins on ZB.com, ZbG and BW LaunchPads.
About V SYSTEMS
V SYSTEMS is a blockchain-based cloud database project created by Sunny King, who also created the Proof of Stake consensus mechanism. Through a newly developed Supernode Proof of Stake (SPoS) consensus mechanism, V SYSTEMS is taking the next step in creating independence from the high costs of Proof of Work (PoW) to deliver cost-effective, scalable and easy-to-develop blockchains.
V SYSTEMS is focused on three other pillars in addition to SPoS to move towards universally scalable blockchains: decentralized databases with full features to store object-oriented data, cloud and modular tools that help developer create custom blockchains efficiently, and the creation of VSYS coins to enable participation in the network services and incentives provided by the V SYSTEMS platform. This project will deliver the world’s first object-oriented general purpose decentralized database to carry complex, decentralized applications.
For more information, visit their official website: https://www.v.systems/
For V SYSTEMS White Paper, visit: https://www.v.systems/pdf/vsyswhitepaper.pdf