We at VOID believe in transparency, honesty, and equality of opportunity. To this end, we will be publishing periodic public progress reports to discuss how the progress VOID is making and how we plan to continue moving forward on this revolutionary project.
In this first public progress report, we discuss the two most important pieces of the VOID platform:
- Proof of Purchase (PoP) as the consensus algorithm to be implemented by VOID
- The Wallet App which will be used to host exchanges and atomic swaps
In addition, we are excited to announce these four updates:
- A new communication manager has been hired
- The white paper is under development and scheduled for release soon
- The tentative start of the public sale has been determined
- A private sale has been launched for angel investors
Read on to learn a little more about these six important progress points:
1) VOID WILL BE USING PROOF OF PURCHASE (PoP), A revolutionary algorithm consensus that rewards its user
Proof of Purchase (PoP) is a new consensus algorithm in which every transaction yields rewards for both the buyer and seller. The seller receives a reward for accepting VOID tokens, and the buyer receives a cashback for their purchase. Using PoP, VOID aims to create a cryptocurrency that will encourage mass integration. By removing credit card fees and creating a green alternative to Proof of Work, VOID will become the cryptocurrency of the future.
Further, we hope that using PoP within our wallet app will also incentivize spending of major cryptocurrencies like BTC and ETH, which are currently being held as assets in the cryptomarket rather than being used as currency.
2) THE WALLET APP PLATFORM will support VOID, BTC, and ETH
The VOID Wallet App will be a crossplatform wallet that will allow buyers and sellets to meet in the marketplace to exchange VOID tokens, Bitcoin (BTC), and Ethereum (ETH) for commodities regularly purchased with fiat currency.
Further, fsing atomic swaps, the user will be able to immediately exchange these currencies for one another without any hassle. We aim for cooperation rather than competition. Instead of trying to replace BTC and ETH, we are trying to incentivize their usage through the VOID wallet app.
And this is only the beginning. We will later introduce new cryptocurrencies as we scale including NANO, IOTA, and others.
3) ALEXANDER FRED IS OUR NEW COMMUNICATIONS MANAGER
Hello everyone! This seems as good a time as any to introduce myself. My name is Alexander Fred, and I've been hired as VOID's new communication manager. I am currently writing the whitepaper and articles on Steemit, as well as on Medium to spread our message. The VOID Token has the potential to revolutionize the crypto-space, and I am super excited to be an official VOID partner and team member.
You can check out my profile at https://www.linkedin.com/in/alexander-fred-97678abb/ or https://twitter.com/NomadTech937.
And if you need to reach me for any reason, my email is alex@voidtoken.io. I hope to here from you soon.
4) WHITEPAPER UNDER DEVELOPMENT: To be released within one week
As I stated above, I am currently writing the whitepaper and plan on publishing it within the next week. My goal is to write much more than just another technical document; rather, I aim to create a text that can be used to help inform and educate. Through the whitepaper, I will fill in very deep knowledge gaps about cryptocurrency that so far have been left untended.
I've already published a document here on Steemit that explains the current problem of mass integration and how VOID will solve it. If you'd like to take a gander, it can be found here: https://steemit.com/cryptocurrency/@voidtoken/solving-the-problem-of-mass-integration-using-proof-of-purchase-to-reward-buyers-and-sellers-on-every-transaction
5) THE UPCOMING PUBLIC SALE BEGINNING AT THE END OF APRIL 2018
The public sale was originally scheduled to begin on April 18, 2018. Due to unforeseen circumstances, we have had to postpone the sale by a week or two. Don't worry, however, we are still planning on launching the public sale at the end of April. Stay tuned for more information. Expect more news in the days to come regarding our team and roadmap.
6) PRIVATE SALE FOR ANGEL INVESTORS HAS BEGUN
Because we've postponed the public sale, we've decided to also open the door to early angel investors. As part of this sale, tokens will be discounted by 50%. Even better, we're selling shares of equity in the company up to 49%. This means that you could become a partial owner of VOID and be part of the cryptocurrency revolution. We are also open to other offers, but we prefer to video chat first before accepting any.
To schedule a video chat with our founder Paul, you can email him at paul@voidtoken.io.
Registration for private sale is also available via https://www.formlets.com/forms/R7O2SC4ASyM2eoKp/
And that's about all I have for you right now. I hope this article has been informative and enjoyable. Thank you for your time and patience. I will be publishing another progress report soon. Until then, have a great day.
Yours truly,
Alexander Fred
Communication Manager
VOID Tokens