VNT (Ventory) is a cryptocurrency token created by InventoryClub.
VNT can be used throughout the InventoryClub ecosystem to do anything from purchase proposals from merchants to purchasing products on the Commwea marketplace.
A proposal is an offer outlining an opportunity to purchase inventory at a wholesale price, which will be sold on the Commwea marketplace creating a profit for both the merchant and member.
Inventory (stock) is the goods and materials that a business holds for the purpose of resale.
InventoryClub purchases all inventory on behalf of the member from validated suppliers.
The inventory purchased belongs to the member and remains the property of the member until sold to the end customer.
The merchant determines profit share after calculating all costs.
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.
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.
Our first warehouse will be in the UK, and we will open subsequent warehouses in all the countries we operate within.
Anyone can become a member once they have completed their registration, which includes KYC (Know Your Client) and AML (Anti Money Laundering) checks.
Yes, but only if the merchant decides they no longer want to run their store.
Our VNT tokens are available through the Exrates exchange.
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.
To purchase VNT, if you haven’t already, simply download our VNTPay mobile wallet and complete the convenient sign up process. Now that you have your VNT Wallet Address, you can purchase receive VNT through the Exrates exchange.
Yes.
The total number of tokens to be issued is 250,000,000.
The market determines the price.