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DECEMBER 2017

The Internet of Tokens

Financial Industry Disruption:

Vaultbank

with ALEX LIGHTMAN

The Internet of Tokens is an ICO Crowd column that offers a broader longer-term view for both Blockchain industry professionals and for a wider audience interested in understanding the market, regulatory and other forces behind the prices that are making headlines, written by an award-winning and Amazon bestselling author.

Plans to Revolutionize Banking as We Know It

Recently Austin Trombley, president and chief technology officer of Vaultbank, had a conversation with Alex Lightman about the financial industry’s potential relationship with blockchain technology and the company’s upcoming initial coin offering (ICO), the presale for which opens December 13, 2017. What is your background? I spent a year-and-a-half as a consultant for Wells Fargo Bank working in the lending sector. Then I moved onto Prosper Marketplace where I spent two years running their data strategy. After that, I started a quantitative credit hedge fund. My experience working in traditional banking helped me to see many of its problems, primarily that fees are extraordinarily high and all of the that money is going to brokers. I realized that the blockchain could be used to scale a retail strategy, eliminating the need for middlemen. That’s when we started Vaultbank.

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We are one of the first companies to offer dividends.

Tell me more about Vaultbank. Vaultbank is a cryptocurrency-based financial platform which is backed by our company’s assets and a portfolio of secured credit assets to provide potential stability and prospective income for investors. We have the presale of our initial coin offering starting December 13th, where we will offer one of the first private security tokens. The tokens represent actual equity shares (non-voting) in Vaultbank’s future revenue-generating business ventures. These include an exchange, a debit Mastercard, and the Vaultbank Fund, which will be comprised of an asset backed credit portfolio. We intend to build token value and pay quarterly dividends to our token holders. The presale offers a 15 percent discount to early investors until we have raised $20 million. Did you say you plan to pay quarterly dividends? Yes. We intend to pay quarterly dividends via Ethereum tokens, with re-

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ICO Crowd Magazine Issue 4  

D10e’s Mike Costache, Senero, Aragon,Ocean Protocol and many more...

ICO Crowd Magazine Issue 4  

D10e’s Mike Costache, Senero, Aragon,Ocean Protocol and many more...

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