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Virgo Whitepaper - English
www.virgo.fund
Table of content
01 Introduction
The Virgo token02
The Virgo-Blockchain03
The Virgo community04
Road Map05
Future with Virgo 06
Conclusion 07
This document outlines Virgo's plan for establishing a new decentralized blockchain system. About how a financial ecosystem network is on the stage backed by blockchain and cryptocurrency system.
The Implementation of Mobile and internet has changed the entire game. The world we know 20 years back is now turned upside down.Technology over time has made Information exchange more bigger, faster and diverse. The ability to connect people & resources across thousands of miles in seconds is mind boggling to imagine. To be able to communicate, share knowledge with billions of people all over the globe is an amazing concept.
1.Introduction
Virgo-Inventing a New Global currency system, a low-volatility decentralized crypto token with blockchain technology. A goal to create a responsible financial service system.
Problem statement
The Advent of Smartphones is boosted the speed,accuracy and radius of Information transfer, that gives access to new paths for business to explore more. Working together, technology companies and financial institutions have also found solutions to help increase economic empowerment around the world. Despite this progress, large swaths of the world's population are still left behind more than one billion adults globally remain outside of the financial system with no access to a traditional bank, even though one billion have a mobile phone and nearly half a billion have internet access
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Introduction
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Introduction
· We believe maximum numbers of people should have have access to financial services and to cheap capital.
The Opportunity
On the go of reaching our aim of a unified payment ecosystem we believe the user must have the idea behind the benefits of this process and intend to perform the program in order to make it real and beneficial.
· We believe the people should have own control over their funds without any governance.
· We believe the Open-source payment structure will open doors to new commerce opportunities across the world.
· We believe that we all have a responsibility to help advance financial inclusion, support ethical actors, and continuously uphold the integrity of the ecosystem.
· We believe decentralization is the future and will have an impact more than the existing centralized system
After all the technology enhancement and implementation there is still an imbalancement in the world economic system. All over the world, people with less money pay more for financial services. Hard-earned income is eroded by fees, from remittances and wire costs to overdraft and ATM charges. Payday loans can charge annualized interest rates of 400 percent or more, and finance charges can be as high as $30 just to borrow $100
But the existing blockchain systems have yet to reach mainstream adoption. Mass-market usage of existing blockchains and cryptocurrencies has been hindered by their volatility and lack of scalability, which have, so far, made them poor stores of value and mediums of exchange. Some projects have also aimed to disrupt the existing system and bypass regulation as opposed to innovating on compliance and regulatory fronts to improve the effectiveness of anti-money laundering. We believe that collaborating and innovating with the financial sector, including regulators and experts across a variety of industries, is the only way to ensure that a sustainable, secure and trusted framework underpins this new system. And this approach can deliver a giant leap forward toward a lower-cost, more accessible, more connected global financial system.
Blockchain Technology and the cryptocurrency system has the potential to overcome the accessibility and trustworthiness problems. The decentralized network, anonymity and technology will allow any individual to participate and practice the payment system through cryptography.
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Virgo token
2. The Virgo token
Smart phones should be able to have a secure financial asset system for a remote and hassle free payment process to any corner of the world. We Intend to develop a system where making payments is as simple as sending.
Here we Introduce a Blockchain Crypto token, The Virgo token, A Decentralized global currency for Business payment solutions. With the positive components of Virgo like Reliability, the funds Integrity and community we make things possible and true.
Token Summary Token Name : Virgo
Decentralized Digital Money is the key to the future and the world truly needs a reliable digital currency that can fulfill this need.
Symbol : VRO Platform : Blockchain Maximum Supply : 11,00,00,000 VRO Circulating Supply : 3,00,00,000 VRO Initial Token price : 0.10 USD
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Virgo is Under development of a Multi-function blockchain system called Virgo-Blockchain, an Open-Source blockchain platform to build and execute different products like Cryptocurrency( Virgo Coin).
Virgo Coin coin will have the same Impact as any other Cryptocurrency in the Market, continuing with the same supply volume there will be a Complete Decentralized Currency system with a Huge market cap volume.
2019 Q4 is an Upfront timeline to start distribution of Virgo tokens, Out of 30 million initial supply token, 10 million VRO token are reserved for reward distributions, rewards like bounty, referral program, Jarvis trading, transfer.
The Concept
Although a Goal is set to launch a Global currency system that can be used everywhere and for everything, Virgo team's first mission is to successfully produce the Multi-function blockchain to mine and generate Virgo Coins.
Creating the Virgo Coin
Virgo is a Decentralized token Created by the Virgo team using White-Cryptography and Blockchain. Having backed by The Virgo Community business governance entity we aim to deliver the VIrgo Coin, a global currency system for all financial services.
Get Started with Virgo token
Virgo tokens are exclusive distributes and traded in the VG-wallet, a secure mobile app
wallet with VRO token mobile wallet. The app is set to perform all the VRO trade operations along with Reward programs like Referral and Jarvis trading. You can purchase Unlimited numbers of VRO token for BTC, hereby the initial token price is set to 0.10 USD/VRO.
Heading towards a Big Future , Virgo token has set a price processing mechanism
called “ UpCap Stability “. This is a process wherein the min and max price limit for trading is set, traders cannot trade the token beyond this limit. Hence giving an equivalent stability to token.
Promising a Risk free, reliable and beneficial token platform for Crypto experts and starters.
After the Successful development of Virgo Coin by mining into own Virgo-Blockchain,
Under the main net program the token will be claimed back by Virgo team and Virgo coins will be provided to token holders.
Making a flexible walk through on accessibility and acceptance technically and non
Virgo token
Virgo Wallet
A Multi-wallet system that handles transactions on the Virgo Token blockchain. Virgo Token's VG Wallet gives users easy access to their Virgo Token whether that's on the phone number driven fund transfer platform or on any service payment embedded around the internet or participating the earning program. The wallet is built into the blockchain ethics, providing users with access to their balance in realtime, and enables the Virgo Token protocol to seamlessly send and receive Virgo Token within the ecosystem. Users can also easily transfer funds between each wallet.
In the Virgo Token ecosystem, all payment transactions between Business owners, startups, customers, and traders run on the Virgo Token network and in comparison only require a small transaction fee and happen in near real time meaning no more hours /minutes waiting for payments! By using Virgo Token Payments, Business owners and consumers will start to see the majority of their payment revenue again
The Wallet
Virgo Token will be the new decentralized and transparent global payment gateway for Business Payments and Online service. Utilizing Virgo Token's proprietary Virgo Token micropayment token, Virgo Token cuts out the middlemen who currently receive most of the value.
technically in all different platform is a major feature of this token, this means that the token can be used not only Virgo built platform but can also serve the purpose with different crypto and fiat platforms.
By 2021, it's estimated that 82% of all consumer will choose Internet completely for Business payment solutions. This is a market with a huge annual value and users are set for the largest increase in using service online in the next five years. Sadly existing online companies and startups are forced to utilise third-party monetization options which can take over 70% of their revenue through international payments and fees.
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Virgo Blockchain
and will be able to start investing in better content!
3. The Virgo Blockchain
The backend and the Backbone where all the creativity and effort lies. The Ultimate thought is to build a strong foundation of financial services with new global currency, which could meet the daily financial needs of billions of people.
· Capacity to line of high transaction volume , low latency and an efficient, high-capacity storage system.
What do we get with Blockchain
· Empowering the module by its Flexible to customize and Easy to manage quality.
· A highly secure environment for security of funds and financial data.
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The Virgo community
There is also a special features that also a user to create multiple wallet addresses with no hassles for transactions. By implementing new techniques on how we can make things more secure, reliable and fast we will evolve and develop the V-Chain system.
V-Chain enables the secure implementation of the Virgo ecosystem's governance policies, such as the management of the Virgo token and the network of validator nodes. V-Chain will accelerate the evolution of the Virgo-Blockchain protocol and any module built on top of it. We anticipate that the ability for developers to create contracts will be opened up over time in order to support the evolution and validation of V-Chain.
V-Chain is an exclusive extension of blockchain that runs on nodes and creates blocks to store the information in binary numbers. Capable of storing high volume information and impeccable transforming accuracy.Connected with an Intra network, the “ V-Chain develop “ is a functional module that runs commands inline with the information received by the V-Chain.
For the security of transactions V-Chain uses another Intra network Protection module “ V-Bunch”. It works on Bilateral detection formula that compares the data in micro milli seconds and surveillance tiny changes in information. The V-Bunch makes quick validations and confirms the transaction command to proceed for next. Swift Notifying of breach or loss detected,if any.
Blockchain can be ultimately used to design programs, configuring data structure and increase processing. Virgo develops an Inhouse V-Chain programming platform to maintain all the operation and manage the security system.
4. The Virgo community
In order to achieve our goal as Global currency system for real world business
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Road Map
2019 Q3
2021 Q4
Signing in Smart contract to develop ERC tokens
As this document outlines all the necessary information about the project goals and the factors involved in developing this huge work and taking it into existence. There is well set Roadmap for the community officers and executives to carry the Integrity of this project.
2020 Q2
Introducing new Crypto services along with new earning programs.
6. Future With Virgo
2020 Q2
2019 Q2
Token distribution starts with app along with jarvis exchange program
2020 Q3
Concluded with creating 110 m VRO tokens on Cryptography
2018 Q3
Multi-function blockchain for Virgo Coin development
Exchange Virgo coins with Virgo tokens with main net program
Developing a fully fledged seamless crypto banking system with merchant panel
If you believe in what Virgo could do for billions of people around the world, share
payments, the projects needa governing entity that holds a uniform network of members. The Virgo community is open network for any resource who would like to participate in network expansion process.
The Virgo community will be managed by Virgo Founding Members: businesses, nonprofit and multilateral organizations, and academic institutions from around the world. Any further decision will be taken with equal agreement of all the connected wings as the policy. Virgo community will create an engagement in the real time market by maintaining a least stability and representing the growth of project in and out. We can drive through any future challenges and reserve all the required backup on the go. The community also holds the responsibility to damage control and keep the decentralized network open to new markets and areas for users to participate.
5. Roadmap
your perspective and join in. Your feedback is needed to make financial inclusion a reality for people everywhere.
Virgo is Initially working on applying the blockchain prototype for maximum users, collect feedback and launch a production ready state token, this work will focus on ensuring the security, performance, and scalability of the protocol and implementation. The Virgo Developers will also develop APIs and Libraries for more Interactive platform using the Blockchain and V-Chan open source technology. The team will also conduct several test activities constructing a full-scale test of the network in collaboration with entities such as wallet services and exchanges to ensure the system is working before launch.
Virgo for business
Virgo will work to establish a geographically distributed and regulated group of global merchan base operational procedures for the token to interact with authorized merchants and ensure high-transparency and auditability.Payments can be received and transferred in exchange of services we consume for daily life needs.
Virgo Employments
The Blockchain team and Community will research about new challenges that can appear and prepare entities to tackle them. It is the Duty of Virgo community to provide a trustworthy and result driven platform.
It is also Important for Virgo to educate people and make opportunities to work with Virgo. There are spaces for all the departments like Development, marketing, production and management. We already have 350+ team of enthusiastic people who work for the cause of Virgo aim. We will also be coming up Physical offices in maximum geo locations for a better execution of services and support.
This is the goal for Virgo: A stable currency built on a secure and stable open-source blockchain, backed by blockchain technology, and governed by an independent community. Our hope is to create more access to better, cheaper, and open financial services — no matter who you are, where you live, what you do, or how much you have. We recognize that the road to delivering this will be long, arduous, and won't be achieved in isolation — it will take coming together and forming a real movement around this pursuit. We hope you'll join us and help turn this dream into a reality for billions of people around the world.
Empowering the Virgo Global currency system to every corner of the earth.
7. Conclusion
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Conclusion
