Overview:
It is a decentralized network built on the Vantum blockchain which is aiming to develop the existing rewarding system with its tokenization model, contains different master nodes for different purposes such as storage of data and back up files. partnered with POSTTECH DIRECT and Capgemini.
Challenges in the existing rewarding system:
Many of the companies are adopted the rewarding system and loyalty programs because of high customer engagement which brings more response from the customers they are various loyalty programs are there in market like cashback schemes and reward point programs. Corporate rewards are focusing on building relation with employees and provides employ satisfaction. One of the major hurdle in the current rewarding system is high cost of operation, it becomes difficult for the small retailors and merchants to offer customized offers and discounts. To run their business, they are forced to run the reward program it leads to loss of revenue.
Even customers are not happy with some rewarding programs especially when reward points are come with expiry, it may lead to dissatisfaction of the customers when his hard-earned points get expired. And issues like data breaching and security which are pulling back the rewarding system form its potential.
Solution:
To solve the issues in the rewarding system and data breaching, VantX came up with decentralized infrastructure built on the Vantum blockchain which enables both small and medium business to engage with their customers with innovated loyalty programs and reward programs.
Due to its decentralized nature it ensures high security and transparent It offers low cost for operation, points will never expire in this platform, due to multiple merchant participation it has low start-up cost and low maintenance cost and easy to use in this platform.
Token economy:
Vantum issues Ethereum based utility token called “VNT” which can be used in the internal ecosystem of the platform for services availed and rewards for the customers.
Token Matrix:
Token Symbol: VNT
Total Supply of tokens: 21 Million VNT
1 VNT= 0.00166 ETH
Soft Cap :2000ETH
Hard Cap: To be Announced
Pre-Sale: 15th to 31st August 2018
Crowd Sale: 1st September to 1st October 2018
Team:
Francis Kway- Project Lead
He was the Co-Owner of Rehabbing Baltimore for four and half years, Francis has shown a great success through building teams, networks, and innovative strategies. He has spent the past 11 years studying and investing in the stock market as well as coaching others how to do the same.
Kashyap Prajapati- Freelance Developer
Experienced Software Architect with a demonstrated history of working in the computer softwareindustry. Skilled in Blockchain, CNC automation, Image Processing with technology stack of Ethereum,Hyper Ledger, Qt, C++, OpenCV, Java EE, PHP, JavaScript, and Cascading Style Sheets (CSS)
Evgeny Pashentsev- Ethereum Developer
Ivan M- Ethereum Developer
Verdict:
Pros:
• Website and whitepaper has detailed explanation of the project
• Idea of the project looks good, it is solving the issues in the existing rewarding system, it seems viable in the future
• It is Partnered with POSTTECH DIRECT and Capgemini.
Cons:
• MVP of the project is not yet released
• Social media hype is poor, its telegram community has 900+ members as of now
• No proper information of team members and advisors in mentioned in the website and whitepaper
• Roadmap is not clear
• Project lead is beginners in the cryptocurrency
Links:
Website: http://vantumnetwork.co/
Whitepaper: http://vantumnetwork.co/wp-content/uploads/2018/08/5_6289655502464876605.pdf
Telegram: https://t.me/vantumnetwork
Twitter: https://twitter.com/vantumnetwork
ANN Thread: https://bitcointalk.org/index.php?topic=4694790
Bitcoin talk Username: anushkamehta0902
Bitcoin talk URL: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH Address – 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a