Q. What is VNT?
VNT is a cryptocurrency token created by InventoryClub.
Q. Where can I use VNT?
VNT can be used on the InventoryClub marketplace to purchase proposals from merchants and on the Commwea marketplace to purchase product.
Q. What is a proposal?
A proposal is an offer outlining an opportunity to purchase inventory at a wholesale price, which will be sold on a secondary marketplace creating a profit for both the merchant and member.
Q. What is inventory?
Inventory (stock) is the goods and materials that a business holds for the purpose of resale.
Q. Who will purchase the inventory?
InventoryClub purchases all inventory on behalf of the member from validated suppliers.
Q. Who will own the inventory I purchase?
The inventory purchased belongs to the member and remains the property of the member until sold to the end customer.
Q. Who determines how much profit I receive as a member?
The merchant determines profit share after calculating all costs.
Q. Who will pay me when my inventory is sold?
InventoryClub will pay you once an item has been sold on the B2C marketplace. A B2C marketplace is a business-to-consumer marketplace, where merchants can sell individual items to online shoppers.
Q. How can I be sure my inventory is safe?
Purchased inventory will be stored in our secure warehouses, which are managed by our InventoryTrace software and tagged with smart labels to track the movement of each item. Our software makes it possible for investors to get real-time updates on the location of their investments (inventory). Our warehouses are also covered by commercial warehouse insurance.
Q. Where will your warehouse be located?
Our first warehouse will be in the UK, and we will open subsequent warehouses in all the countries we operate within.
Q. Who can become a member?
Anyone can become a member once they have completed their registration, which includes KYC (Know Your Client) and AML (Anti Money Laundering) checks.
Q. Can I resell my inventory to other members?
Yes, but only if the merchant decides they no longer want to run their store.
Q. What is an ICO?
An Initital Coin Offering (ICO) is an event in which a new cryptocurrency project sells part of its cryptocurrency coins/tokens to early adopters and enthusiasts in exchange for money today. ICOs provide a way for cryptocurrency project creators to raise money for their operations. The ICO usually takes place before the project is completed, and helps fund the expenses undertaken by the founding team until launch.
Q. Why are you doing this method of fundraising?
Our ICO enables people to gain early membership to the marketplace solving the classic chicken and egg problem because we will already have members on the platform waiting for merchants to submit proposals. This funding method is also inclusive and creates the opportunity for everyday people to reap the benefits of becoming early adopters in a tech start-up. Also, the ICO participants are invested in the success of the project and can help get the word out and raise awareness in the wider community
Q. Are there any restrictions for participating in the ICO?
Yes, if you are a citizen of the United States or any other country where tokens are equated to securities you can not participate in our ICO.
Q. On which exchanges will the tokens be traded?
As we’re building on the Stellar Network our token will be traded on a built-in decentralized exchange on completion of the ICO. We will look into alternative exchanges after the ICO.
Q. What is the cost of 1 VNT relative to Lumen, Bitcoin or Ethereum?
The cost is calculated automatically at the time of confirmation of the transaction by the network based on the average value of the price on the exchanges.
Q. What platform will you use to create your token?
Our token will be built on the Stellar Network as we can benefit from its security, speed, and low transaction costs.
Q. How can I buy tokens?
Join our mailing list and we will send you information about how to participate in our ICO.
Q. Are there any bonuses for participating in the ICO?
Yes, we offer a 30% bonus for anyone participating in our Token Pre-Sale.
Q. Is the total number of tokens limited?
Q. What is the total number of tokens?
The total number of tokens to be issued is 250,000,000.
Q. How many will be available for the public to purchase?
53% of the total tokens, which is 132,500,000 will be available to the public. 100,000,000 tokens will be available to purchase during the ICO. When the platform goes live we will release the remaining 32,500,000 tokens to be purchased from the platform.
Q. Why are tokens being made available in two rounds?
We are making tokens available in two rounds because we want to ensure that the tokens are used on the platform as intended. The true value of VNT is realized by using it to purchase proposals from merchants. Releasing tokens on the platform creates a liquidity pool for us to purchase inventory. We also want to make it easier for new members to gain access to the network and start purchasing proposals.
Q. What is the price of a single VNT token?
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