Virtuse Exchange

Introduction

Virtuse Exchange is a digital exchange of assets that gives investors a bridge to real assets. This allows you to invest in real-world assets in ten minutes or less from any device connected to the Internet, anywhere in the world and in any time zone. This is 100% CRYPTO, without the participation of banks.Integrating trillions of dollars stored in traditional capital markets, using crypto currency using valuable assets (DACTs), we include what may be the biggest change in the history of investments. With the help of Virtuse Exchange, investors cryptocurrency can invest in a huge range of asset classes, simply by buying DACT, which are protected from real-world assets.

Virtus Exchange is configured to change the industry. Integrating trillions of dollars stored in traditional capital markets, using crypto currency using valuable assets (DACTs), we include what may be the biggest change in the history of investments.

With the help of Virtuse Exchange, investors cryptocurrency can invest in a huge range of asset classes, simply by buying DACT, which are protected from real-world assets. This not only opens up a fascinating new way of investing, but also provides an attractive way to store cryptic profits during volatility (instead of exchanging data in FIAT).

Traditional markets benefit the rich and institutions, benefit from the crypto currency, but with the help of Virtuse Exchange, the world markets will be open to all.

The platform allows anyone in the world to trade both crypto-converters and financial assets at any time and in any place. Virtuse Exchange is initially launched with basic pairs of crypto currency. In the second half of 2018, we will add our unique valuable acts with valuable assets (DACT) – active crypt investments in stocks, bonds, commodities and other funds that allow you to take advantage of any opportunity that you can think of.

An exchange like no other

Traditional markets benefit the wealthy and the institutions, cryptocurrency benefits individuals, but with Virtuse Exchange, the world markets will be open to everyone.

  1. Borderless and 24/7/365
    Our platform enables anyone in the world to trade both cryptocurrencies and financial assets at any time, in any location. It’s the first true borderless platform that’s 100% crypto.
  2. Trade every global financial asset
    Virtuse Exchange will initially launch with basic cryptocurrency pairs. In the second half of 2018, we’ll be adding our unique Digital Asset Collateralized Tokens (DACTs) – asset backed crypto investments in stocks, bonds, commodities and other funds, allowing you to take advantage of every opportunity you can think of.
  3. Revolutionary new digital instruments
    In addition to DACTs, we’ll also be offering expertly managed DAFs (Digital Asset Funds) – tokens that are comprised of several coins, with liquidity ensured. These funds will create a whole new class of investment opportunities with virtually unlimited potential – that aren’t available anywhere else.
  4. Fully Secured
    Our team has extensive experience in building secure financial trading systems and Virtuse Exchange will be no different. We’re implementing state-of-the-art security technologies to ensure your funds stay safe from hacking and data breaches.
  5. Facility based in Singapore
    To attract and enable access to the traditional capital markets, we’ve located our exchange in a major financial hub – Singapore. Whilst our platform will be completely decentralized on blockchain, it still needs an interface with the capital markets, which is why we’ve chosen one of the world’s most diverse and advanced financial trading centres.
  6. Low Fees
    Our platform eliminates the need for clearing banks, custodians, excessive brokerage and high exchange fees. As a result, we provide all of the benefits of instant electronic trading, at a fraction of the normal cost.
  7. Community
    We’ve involving a huge community of large volume traders, institutional investors, cryptocurrency miners, OTC brokers and market makers to ensure our platform gains strong levels of adoption as quickly as possible.

The Platform

Virtuse Exchange is based on VIRTs (standing for Virtuse Token), an ERC20 compliant token.The token is used for all trading activities on the platform. The activities include, but are not limited to, trading, settlement of contracts, insurance, and leverage. For now, the Virtuse platform allows the
trading of crypto currencies, forwards, and commodity futures. However, in a second phase, we plan to extend the platform to the trading of equities, ETF, bonds and other types of assets.Token
holders can operate on the Virtuse platform as traders or originators Originators guarantee each
trade by providing collateral against the risk of default by the traders (counterparty risk).Our current prototype allows users to list Smart Contracts, view contract details, see order books,
and place buy and sell orders.

Smart Contracts

Our Exchange uses Smart Contracts for DACT creation. Every day, it calculates positions of traders
on both sides of the trade:

– In case the price of the underlying asset hits the floor or ceiling price, it automatically settles
the trade on behalf of one of the sides.

– In case the underlying asset is within the floor and ceiling price, the trade is held until settlement
date. At settlement date, it splits the collateral funds in a proportion of a deviation from the
initial asset price.

In order to protect investors and traders against the potential volatility of the VIRT, Smart Contracts
may refer to another currency for reference, whether it be a fiat currency or a cryptocurrency.
For example, a Smart Contract for delivery of oil in six months may refer to USD or Bitcoin. All
trades are effectively paid with the VIRT, however. The amount in VIRTs is set by the exchange rate
between the currency of reference and the VIRT at the date of the trade.

Arbitration Procedure

In case of technical glitches, material human errors, litigation between an insurer and a trader, issues with the settlement, or any other issues related to a Smart Contract, an arbitration procedure
allows both sides to settle the disputes in a fast, effective, and low-cost way.

Arbitrators may be individuals, companies, financial institutions, or other entities. The list of available arbitrators is public, along with their fees, and each Smart Contract must include an uneven list of arbitrators (typically three) appointed to settle any dispute related to that contract. The goal is to settle any dispute within two weeks, and most disputes within a few days.

VIRT Token

After successfully setting up Phase 1 of the platform (enabling to trade with current cryptocurrencies), Virtuse Exchange will issue VIRTs. The VIRT will run on the Ethereum blockchain with ERC20.

The Ethereum blockchain enables us to easily create much more complex systems with very little entry costs. Ethereum-based tokens rely on the well-established Ethereum infrastructure, benefiting from several advantages:

  1. Security and predictability (as opposed to, for example,having to run an independent blockchain network)
  2. Use of robust and well-supported clients (Ethereum-based tokens can be managed with official Ethereum clients)
  3. High liquidity (interchangeable with other Ethereum-based tokens or Ether)
  4. Easier listing on exchanges with infrastructure already in place
  5. Ethereum Smart Contracts enable a very transparent and secure way of profit-sharing among the token holders.

ICO Details

General information

Token: VIRT

Platform: Ethereum

Standard: ERC20

Quantity: 1,000,000,000 VIRT

Price: 1 ETH = 8,000 VIRT

Payment: ETH

Soft cap: 5,000,000 USD

Hard cap: 20,000,000 USD

Pre ICO

Start: 09/16/2018

Completion: 09/30/2018

ICO

Start: 10/01/2018

Completion: 10/31/2018

ROADMAP

PHASE 1
The beginning of trading. Stability, safety and the original DACT. Exemption of the exchange platform with binding to block chains and approval of regulations. Trading with standard crypto assets (Bitcoin, Ethereum, etc.). With provision of liquidity by market-makers. In phase 1, we will launch our inaugural certificates Gold, S & P 500 and DAP for carbon emissions (Digital Asset Collateralized Tokens).

PHASE 2
The DACT revolution and advanced analytical tools. Enormous incorporation of DACTs (Digital Asset Collateralized Tokens) – special digital tools directly related to real basic liquid assets (Carbon, Gold, Oil, S & P 500). We will also launch a new, expanded analytics, as well as other easy-to-use tools for traders.

PHASE 3
The inclusion of DAF and organic growth. Launch of DAF (Digital Asset Funds) – tokens, consisting of portfolios consisting of several coins, with guaranteed liquidity, which are managed by experts. These funds are a completely new and innovative investment class.

TEAM

Ras Vasilisin
FOUNDER AND CEO

Matej Demes
COO

Lee Chen Hui
TECHNICAL DIRECTOR

Jan Simek
HEAD OF PRODUCT DEVELOPMENT

James Chien
BLOCKCHAIN ​​DEVELOPER

Ronald Shi
HEAD OF TRADING AND ANALYSIS

James Koh
COMMUNITY MANAGER

Eva Chudikova
MARKETING MANAGER

Marilyn Wong
OFFICE AND SOCIAL MEDIA MANAGER

David Kim
COMMUNITY DIRECTOR

Tomas Kurtansky
PR MANAGER

Advisors

Alex Cleanthouse

Norbert Prihoda

Andrea Vadkerti

Yavor Vassilev

Ondrej Durjak

Peter Olvecky

Zita Vasilisinova

Alex Jewell

More information contact :
Website : https://virtuse.com/
Whitepaper : http://virtuse.com/public/pdf/whitepaper.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=4575865.0
Bounty Thread : https://bitcointalk.org/index.php?topic=5025842.0
Facebook : https://www.facebook.com/virtuseexchange/
Medium : https://medium.com/@virtuseexchange
Twitter : http://twitter.com/VirtuseExchange
Telegram : https://t.me/virtuse
Author : Upik05
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2205131
Address wallet
0x6B4D2B44e4FB4648FE87029C4ddf00Da999127c4

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