Announcing the launch of VINX 2.0!
We at Vinito Capital Management are excited to announce the launch of a new and improved VINX 2.0 coin. Back in March, we released VINX 1.0, a security token offering worth €44M backed by VCM French fine wine and vineyard assets. Since then, we’ve been working on ways to improve the user experience and maintain the highest level of security and regulation possible.
Why is VINX 2.0 being offered?
The honest and true reason is that we’ve reached some legal bumps in the road with VINX 1.0. We’ve run into issues with the listing of our VINX STO coin on many exchanges in the US, China, England and most of Europe. In its current form, the VINX 1.0 coin would not be able to sell on an exchange platform like OKEX.
Our solution is to create VINX 2.0, which will be like a “tether” token, with a guaranteed more stable value. This token will be available to trade on all exchanges and will pair with ETH BTC and USDT. It can also be used as a utility token for purchasing VCM’s fine wines. (A utility token is a digital asset that is purchased from a buyer in exchange for a guarantee that they will be able to consume the network’s products/goods/services. In the case of VCM, this guarantee is the guarantee of wine!)
In one sentence, what is the difference between VINX 1.0 and 2.0?
VINX 1.0 will be a pure securtıty token offering that ıs highly regulated on the London Stock Exchange for example, whereas the new VINX 2.0 wıll be more like a real crypto currency with a utility.
How is VINX 2.0 better?
We are currently developing a website to sell our fine French, Italian wines. The general public can either pay market price in cash, or our VINX 2.0 holders will be able to buy these same wines at a very steep discount between 24-50%. The developers are already working on the back end to make it very easy to deposit VXC Coins into the shopping cart to buy your wine. If you don’t want to use your VINX (VXC) 2.0 coin to buy wine, you can always swap VINX (VXC) for other currencies like ETH, BTC, EOS, and USDT anytime you like.
What does this mean for current VINX 1.0 holders?
All VIP VINX 1.0 holders in our direct VIP group, and investors in VCM Funds, will be offered VINX 2.0 in the same amount of their current VINX 1.0 holding as a courtesy from VCM. This coin swap for example, if you hold 100,000 VINX 1.0, we will deposit another 100,000 VINX 2.0 into your wallet.
We feel that this is the simplest and most fair option for our investors. It allows you to own both a true STO and a cryptocurrency with a utility. This means it’s a hedge on both sides for you and VCM to attack both markets while protecting all of our investments and staying in the most sound legal framework for VINX.
We have sent out all emails notifying our VIP and institutional investors about the direct swap of VINX to VXC. If you have not received an email you are NOT in this exclusive group. If you would like to swap you current VINX for VXC you have to email us and the offer to swap is 2500 VINX for 1 VXC Coin.
When will VINX 2.0 be ready?
The new VINX 2.0 coin is currently being developed. VXC Coin is trading live now on Bitcratic with ETH pair at $1.50 a coin. VXC Pair with BTC and USTD will launch soon!
The new online wine shop will be ready in the next 3-4 weeks.
How can I get MY new VINX 2.0 coins if I am a holder of VINX 1.0?
In order for us to deposit VINX 2.0 coins into your wallet, we need your current VINX 1.0 wallet addresses. Most of our customers have Metamaks and Trust wallets. Please email wallet addresses to [email protected]. You will receive a confirmation email with the total quantity of VINX 2.0 coins being sent into your wallet.
I have questions!
We know some of this can be confusing. We are here for you at any time to answer your questions. Shoot us an email at [email protected] and we will get back to you ASAP.
We hope you are excited about this new VINX 2.0 launch, as well as the launch of our new online wine store! Every decision we make at VCM & VINX is with our investors in mind in order to put more money back in your wallets, maintain the lowest risk possible, and keep everything clean and regulated. Launching VINX 1.0 taught us a lot, and we hope we’ve earned your trust in being transparent about building the improved VINX 2.0 coin.
Stay safe, and don’t hesitate to reach out with any questions!
- VINX/ VCM team