WHAT IS CONTRACT VAULT?
According to the whitepaper, Contract Vault is a platform that is powered by Blockchain, which was designed to enable anyone develop, use, resell, customize, and repurpose legally sound contracts. In partnership with world-class legal minds, the team behind this project intends to make it so easy to create a contract that, anyone will be able to.
This include advanced Ricardian contracts, which combines smart contract with natural language, hence making them legally binding.
This include advanced Ricardian contracts, which combines smart contract with natural language, hence making them legally binding.
What does Contract Vault intend to achieve, you ask?
This platform is developed to bridge the gap which exists between Smart Contract and Legal Contract. This is expected to enable tokenization and physical assets to be transferred on Blockchain. Thus, expanding the possible usage and adoption of Smart Contracts.
This platform is developed to bridge the gap which exists between Smart Contract and Legal Contract. This is expected to enable tokenization and physical assets to be transferred on Blockchain. Thus, expanding the possible usage and adoption of Smart Contracts.
Contract Vault intends to create a vibrant ecosystem where individuals, businesses, legal professionals, and Blockchain developers will have access to an open marketplace. According to the whitepaper, Contract Vault is designed to be the new world of trust.
WHY IS CONTRACT VAULT TRYING TO CREATE THIS?
- The first thing you should know is that, Contract Vault is not trying to replace the law with Smart Contract. Rather, the platform is trying to expand the law through the use of Blockchain and Smart Contracts. Thus, creating new opportunities for agreements to be;
- Verified
- Witnessed
- Questioned
- Arbitrated
This will introduce an element of trust and fairness to millions of new transactions. So, to answer the question of why this platform exists, it was created to make contracts less complicated and accessible to everyone.
This will not only change the world of trade and agreement as we know it, it’ll also inspire trust in all the parties involved.
How Does Contract Vault Work?
The platform is designed to be the bridge that will gap the space separating legal contracts and smart contracts. Through the process, the aspects of creation, management, and integration of contracts, their respective processes on the blockchain are able to stay simple. It’s the ultimate solution that will get everyone who is involved ready for a newly developed world full of smart contracts and for the first time, they will be truly smart and legally enforceable.
The entire process combines Ricardian Contracts, with more original style contracts to create smart contracts. Together they will ensure the legal enforceability that gives the transfer of tangible items rights stored on the blockchain.
SMARTTEMPLATES
SmartTemplates are one of the most important part of the platform. They are reusable document that contain a combination of legal prose and Smart Contract code. These include, variables, conditionals, Smart Contract logic, Metadata, calculations, identity, signatures and Sub templates.
Anyone without legal technical know-how will be able to create different types of contract using these SmartTemplates. All they would need to do is complete an easy-to-use form.
Anyone without legal technical know-how will be able to create different types of contract using these SmartTemplates. All they would need to do is complete an easy-to-use form.
SMARTEDIT
The fact that this platform is designed for everyone (not just lawyers and engineers) makes it necessary to have an easy way of creating SmartTemplates. This is what the Contract Vault editor, SmartEdit is for.
It offers the average users easy access to all the features that are available on the templating system. Nevertheless, power users will still be able to use the mark-up language if need be. This makes it possible for anyone to create templates on an environment that looks like a word processing application.
It offers the average users easy access to all the features that are available on the templating system. Nevertheless, power users will still be able to use the mark-up language if need be. This makes it possible for anyone to create templates on an environment that looks like a word processing application.
The Solution
THE APPLICATION
Contract Vault offers a vast amount of applications. These include;
• SmartShares
• SmartICO
• Will Execution and Donations
• Publishing
• Market Lending
• Farmland Investing
This brings us to an important part of this article, how can you get the Vault token?
Detail Contract Vault Token Sale
• SmartShares
• SmartICO
• Will Execution and Donations
• Publishing
• Market Lending
• Farmland Investing
This brings us to an important part of this article, how can you get the Vault token?
Detail Contract Vault Token Sale
Ticker: VLT
Token type: Ethereum ERC-20
Total supply: 900'000'000
Minimum goal: 1'000'000 CHF
Maximum goal (hard cap): 45'000'000 CHF
Currencies accepted
Cryptocurrencies:
Fiat currencies: CHF, EUR, GBP
Major credit cards
VLT (VAULT) is a transferable ERC-20 compliant digital utility token deployed on the Ethereum network. VLT enables consumers, law firms and corporations to utilize the Contract Vault platform and marketplace while incentivizing content creators to create and maintain high-quality contracts on the Contract Vault marketplace.
Token pool distribution structure:
Facebook campaign: 15%
Twitter campaign: 15%
Signature campaign: 20%
Content creation campaign: 25%
Whitepaper and ANN threads translation: 15%
Telegram campaign: 5%
Reddit campaign: 5%
Twitter campaign: 15%
Signature campaign: 20%
Content creation campaign: 25%
Whitepaper and ANN threads translation: 15%
Telegram campaign: 5%
Reddit campaign: 5%
TOKEN DISTRIBUTION
The total supply of token is 900,000,000 VLT and according to the website, will be distributed thus;
Half of the total supply, i.e. 450 Million VLT, will be used for the public sale. Another 180 Million VLT will be kept in the company reserve and be used for long-term budget.
Early contributors and advisors will receive 112.5 Million VLT, while the founders and team behind the platform will receive 90 Million. The remaining 67.5 Million VLT will be used for marketing and bounty services.
Half of the total supply, i.e. 450 Million VLT, will be used for the public sale. Another 180 Million VLT will be kept in the company reserve and be used for long-term budget.
Early contributors and advisors will receive 112.5 Million VLT, while the founders and team behind the platform will receive 90 Million. The remaining 67.5 Million VLT will be used for marketing and bounty services.
ADVANTAGES
- First, the ecosystem platform will be rich and ready to be occupied by the law, from blockchain and crypto. Finally, users will be able to get expert advice from arbitration and mediation.
- Second, relationship builders can be used to create system language. It also deals with white solutions, which means that companies, financial institutions, and others can award their own white label contracts to their users.
- Finally, the company is ready to use the API to create and improve existing applications. There will be new sales channels to be developed to provide access to new customers for advertising and. In addition, they will also provide their incentives for their services.
Visit Contract Vault for more info:Website: https://www.contractvault.io/
Ann Thread: https://bitcointalk.org/index.php?topic=3463255.0
Twitter: https://twitter.com/Contract_Vault
Facebook: https://www.facebook.com/contractvault.io/
Telegram: https://t.me/cvchat
Whitepaper: https://www.contractvault.io/token/#document-assets
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