Virtuse Exchange ICO Review

Virtuse Exchange

Virtuse Exchange is a digital asset exchange based in Singapore that gives investors a bridge to real-world assets.

Virtuse Exchange Score



Virtuse is a next-generation blockchain-powered exchange that allows investors worldwide to trade a wide array of cryptoassets. It’s a unique platform that combines the best of the traditional investment world with the new digital assets ecosystem. It creates a bridge between cryptocurrencies and tangible assets like oil, precious metals, emission allowances, and stock indices, by using a crypto wrapper called DACT. The exchange can list and trade almost every liquid, “real world,” asset through a vast network of partners. The platform will initially operate in a centralized fashion and will support traditional cryptocurrencies and tokens, in addition to an initial release of DACTs, wrapping popular financial instruments such as the SP500, tech stocks, and commodities. During a second phase, Virtuse will decentralize some of the key components to remove centralization risk for investors, effectively giving them full control over their funds. At this point, they expect to expand their listing of DACTs to cover more liquid assets. In a final phase, Virtuse anticipate operating in an almost fully decentralized fashion and to expand our coverage of crypto assets to include DAFs, managed by portfolio experts, and other innovative features.

TOKEN SALES

METRICS

Green lights

  • Stacked team with strong trading experience.
  • Established business with track record of success and ability to gain significant market share.
  • Unique market position with DACTs offering.
  • Team already showed ability to execute and generate volume.

red flags

  • Extremely competitive space and success will depend on ability to gain liquidity.
  • No dates or plans in the roadmap for platform development milestones, we don’t know what happens past ICO.
  • The main feature of the platform DACTs is not scheduled until the second phase of development, so they will first compete with all other cryptocurrency exchanges for liquidity before they deliver the core offering.
  • No strong blockchain experience in team, actual execution of DACTs trading could prove even more challenging without the right personnel to support.

Virtuse Exchange
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

Medium

– Advisors are diverse which is good. – None of the advisors have blockchain experience. – Advisors are achievers in their own fields, who’s experience will prove valuable.

TEAM SCORE

Medium

– Solid experience in trading. – Right people in the right places. – Some of team not listing company on their LinkedIn profiles.

HYPE SCORE

Low

– ICO has very little media/influencer coverage, still early days. – As this project is it’s own exchange may not need it outside of fundraising, as target customers could be traditional traders and investors.

TOKEN SCORE

Medium

– Token metrics are fair, with a fair hardcap and low token price. – As tokens will be used to pay fees on an exchange, it’s a straight forward use case. – Success of the token metrics really depends on the ability of the team to gain liquidity.

TEAM

Ras Vasilisin

Founder and CEO

Matej Demes

COO

Rob Chong

Head of Asian Development

Lee Chen Hui

Technical Director

Jan Simek

Head of Product Development

Eva Chudikova

Marketing Manager

Junyi Ho

Community Vendor

Marilyn Wong

Office and Social Media Manager

David Kim

Community Director, Korea

Tomas Kurtansky

PR Manager

PARTNERSHIP

Business Partner
Business Partner
Business Partner
Business Partner
Business Partner
Business Partner

CONCLUSION

Overall this project shows some promise. It’s tackling a real problem, which if it could successfully unlock and gain liquidity – could work well for token holders. My initial concerns are the projects roadmap and development progress, there is not much, it feels like the focus is the ICO, not the execution. The team has enough business and trading experience to make this project work in my opinion, if they can utilise their networks to gain customers and hire the right blockchain personnel to deliver when things get challenging. The traditional asset world is coming to crypto and this exchange, if executed right, could be one of the bridges that make that happen.

4.6

ADVISOR

6.6

TEAM

3

HYPE

4.6

TOKEN

exchange

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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