This is a self-assessment, meaning, it is information that the issuer has written themselves. The XRP Ledger Foundation does not recommend or endorse any individual token. Read more.
Basic information
Project name: Vortron - Vintage & Classic Car Investment Platform
Currency: VOR (VOR)
Issuing account: rN5bQKZass2BWd7MhJjBQN811JhYewqiEQ
Distribution accounts: rKA66mLrFkqn9DSMLpzgmouiPFQ4eL4crR
This is revision number 1, signed February 14, 2024 by rKA66mLrFkqn9DSMLpzgmouiPFQ4eL4crR
Description: Vortron introduces a groundbreaking token project designed to revolutionize the classic car investment landscape. Our platform leverages blockchain technology to tokenize ownership of high-value collectible cars, democratizing access to this exclusive asset class. With our native token, investors can seamlessly participate in fractional ownership, unlocking opportunities to diversify their portfolios and share in the potential appreciation of iconic vehicles.
The Vortron token serves as the gateway to our decentralized marketplace, where enthusiasts can buy, sell, and trade fractional shares of classic cars securely and efficiently. By digitizing ownership records and enhancing transparency, our platform ensures trust and accountability throughout the investment process. Whether you're a seasoned collector or a novice investor, Vortron offers a user-friendly and accessible platform to engage with the timeless world of classic cars while maximizing the potential for financial growth. Join us in reshaping the future of classic car investments with Vortron and experience the thrill of owning a piece of automotive history.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
The uniqueness of the Vortron token lies in its intersection of innovation, passion, and tangible assets within the classic car investment realm. Unlike many tokens that are purely speculative or tied to abstract concepts, Vortron tokenizes ownership of real-world assets – high-value collectible cars. This distinctive approach bridges the gap between traditional investments and the burgeoning world of blockchain technology, offering investors a tangible and emotionally resonant avenue for diversification and potential appreciation.
Furthermore, the Vortron token is underpinned by a robust ecosystem that prioritizes transparency, security, and community engagement. Through blockchain technology, we establish an immutable record of ownership and transaction history, ensuring trust and accountability within our decentralized marketplace. Additionally, our platform fosters a vibrant community of collectors, enthusiasts, and investors, providing educational resources, market insights, and networking opportunities to enhance the overall investment experience.
Ultimately, the Vortron token represents more than just a financial instrument – it embodies the spirit of innovation, democratization, and passion for classic cars. As a pioneer in the intersection of blockchain technology and alternative investments, Vortron offers a unique value proposition that resonates with individuals seeking authenticity, transparency, and opportunity in the ever-evolving landscape of tokenization.
Purpose: What is the reason for issuing a new token, rather than using an existing? What purpose does this token serve, that is not possible with the native XRP token or other already existing tokens?
The decision to introduce a new token, rather than utilizing existing ones, stems from several strategic considerations. Firstly, the Vortron token is purpose-built to cater specifically to the unique needs and dynamics of the classic car investment market. Vortron token is tailored to facilitate fractional ownership and trading of high-value collectible cars within a decentralized marketplace. This specialization allows for the seamless integration of features and functionalities that are specifically optimized for the classic car investment ecosystem.
Furthermore, issuing a new token provides Vortron with greater autonomy and flexibility in designing a tokenomics model that aligns with the objectives and requirements of its platform. By developing a bespoke token, Vortron can implement features such as governance mechanisms, reward structures, and utility functions that are intricately tailored to enhance user engagement, liquidity, and security within its ecosystem. Additionally, the issuance of a new token enables Vortron to establish a distinct brand identity and positioning within the competitive landscape of blockchain-based investment platforms, fostering trust, recognition, and differentiation among its target audience.
Whitepaper/sales material: https://vortron.eu/Vortron_Whitepaper.pdf
The whitepaper includes concepts of how and when are the tokens created, total supply and if applicable the distribution models and total amount of allocation.
Risk reminder: The issuer has disclosed a warning or a reminder of the risks associated with crypto/tokens.
Bug bounty program: This is not applicable for this token.
Legal Entity
The self-assessment is made on behalf of a legal entity (for example the issuer is a general partnership, limited partnership, private limited company, public limited company, corporation, commercial association or other).
Website: https://vortron.eu/
Website information: The website should disclose the following information:- Details of the legal entity: official name and registry code, company headquarters mailing address
- Contact information: e-mail and other contact information
- Core team members
- Whitepaper if available
The website contains relevant information.
Business plan: A business plan should entail:
- the amount of revenue and expenditure by area of activity
- obligations related to the issuing of the token
- the technical administration of the company
- operational strategy
- the intended activities related to the token
- general principles of risk management and strategy of risk management
- policy for the financing of activities.
The issuer has developed a business plan for the next 3 years.
Risk assessment: A risk assessment should include identification of, assessment of impact and likelihood and mitigation measures and status of implementation for applicable risk scenarios.
The issuer has conducted risk assessment and implemented risk management activities.
Internal policies: Critical internal policies are necessary to manage risks.
The issuer has adopted and implemented appropriate internal policies and procedures in the areas of information security, business continuity, risk management and accounting.
Legal requirements: Legal requirements may vary per country and project. It is the responsibility of the legal entity to ensure legal compliance.
The issuer has assessed whether and what legal requirements apply to the project (licenses, jurisdictions, anti-money laundering regulations etc).
Self-assessment revisions
| Revision | Date |
|---|---|
| Revision 1 | February 14, 2024 |