Overview

The Vice Industry Token represents a profound change in the broadcast and on-demand video entertainment industry.

Detailed description

The Vice Industry Token represents a profound change in the broadcast and on-demand video entertainment industry. It functions as two things; a video entertainment platform where viewers can watch videos, and as a cryptocurrency where anybody who participates (in viewing, adding, or curating content) will get paid with VIT's proprietary cryptocurrency.

Problem

  • Instead of improving the quality of content production, the current business frustrates content producers and reduces the incentive to create quality content as net revenues dwindle to nothing
  • The viewer can watch free content , but the curation process does not capture the viewerʼs specific taste and desires.
  • Limited user engagement

Solution

Vice Industry Token will use Ethereum to generate VIT Proxy Tokens in the VIT crowdsale. The crowdsale is powered by a unique crowdsale smart contract which includes refund capabilities. This refund functionality will allow any purchaser of a proxy token, who purchased the tokens in the public crowdsale, to either call a claim function or a refund function on any portion held for them in the contract after the crowdsale ends.

Features

The VIT protocolʼs unique feature is the creation and distribution of tokens to all stakeholders in the adult content industry that serve both as proof of engagement with content (the data that matters most to adult website operators) and a mechanism for payment. 

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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : VIT
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :4,000,000,000 VIT
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :2,000,000,000 VIT
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
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  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Public sale — Ended
    20 Feb 00:00 UTC
    20 Feb 00:00 UTC
    0.03 USD No Min 100 USD Uncapped Uncapped
    • Team

      • Stuart Duncan photo
        Stuart Duncan
        CEO
      • Larry Paget photo
        Larry Paget
        CFO
      • Douglas Duncan photo
        Douglas Duncan
        President, Sales & Affiliate Relations
      • Candice Ferrington photo
        Candice Ferrington
        Director Social Media
      • Keith O'Connor photo
        Keith O'Connor
        Director Sales & Affiliate Relations
      • James Duncan photo
        James Duncan
        Director Technical Assets
      • Kyle Turnbull photo
        Kyle Turnbull
        Developer
      • Marc Doucet photo
        Marc Doucet
        Developer Asset Manager
      • Mike Khoroshun photo
        Mike Khoroshun
        Developer
    • Advisors

    Roadmap

    • 11 Jan 2018

      Flash whitelist sale for a purchasing a guaranteed opportunity to participate in crowdsale

    • 15 Jan 2018

      Flash whitelist sale for large orders with bonus

    • 5 Feb 2018

      Second flash whitelist sale

    • 20 Feb 2018

      Launch of the Vice Industry Token Crowdsale

    • 20 Mar 2018

      End of the Crowdsale and distribution of ERC20 proxy Tokens

    • 21 Mar 2018

      Launch of the VIT MainNet

    • 28 Jun 2018

      Expiration of the Refund Contract and launch of the VIT video portal platform

    Activity