Following the first-ever successful registration of a whitepaper under the Maltese VFAA (Virtual Financial Assets Act), VAIOT is now launching its public sale on DAO Maker’s platform.
VAIOT, the developer of AI and blockchain-powered digital services for businesses and consumers, was the first crypto project to be regulated on the “Blockchain Island” through the whitepaper registration process by the Malta Financial Services Authority on 30.09.2020.
We are excited to announce that VAIOT has entered into cooperation with DAO Maker to launch the long-awaited Initial Virtual Financial Assets Offering (IVFAO) on DAO’s fundraising platform through Refundable Strong Holders Offering that will take place on February 8. Given the funding already secured by VAIOT in private and equity sales, the offering will amount to EUR 250,000, meaning 2 500 000 VAI Tokens will be offered to the public.
Refundable Strong Holders Offering is a new form of Token Sale that maximizes participants’ value and seeds a strong community. It uses chain analysis algorithms that target existing large crypto communities and generates a whitelist of their best members looking for a positive and useful on-chain behavior. The industry’s best retail investors and community members are offered to invest in the public offering.
DAO Maker is an incubator that leverages the power of Social Mining and omnipresent exposure to help projects acquire a community and then uses the project’s token to convert the community into value-adding and value-assessing members of a DAO. The company considers token holders the backbone of any tokenized startup while supporting the project’s progress long-term rather than focusing on short-term gains. DAO Maker openly suggests that “the value of a token is directly proportional to the economic output of all token holders,” where long term holders, high network individuals, and developers with a strong association to the project and willingness to grow the ecosystem are praised. Short term flippers with no association with the project are firmly rejected.
That is why DAO Maker emphasizes proper KYC & AML with on-chain analysis to identify high-quality investors who will support the project long-term. “Influence, control, and decision-making power over the living economy,” these are the values that DAO’s ecosystem offers to token holders through social mining. DAO’s portfolio of clients grows in numbers with LTO Network, Elrond Network, Harmony, Orion, or Seascape among supported projects, with VAIOT, the first regulated project to join the ecosystem shortly.
VAIOT’s rSHO will aim at distributing VAI Tokens to build a robust and valuable community. The rSHO funds will enhance the company’s solution development processes and sales of VAIOT’s first business line — the AI Sales Assistant. This is another big step for the Company after finalizing its regulatory process in Malta and releasing the beta version of VAIOT’s AI Assistant for community testing and pilot implementations.
“We are thrilled to launch the public sale of VAI Tokens with DAO Maker,” says Christoph Surgowt, CEO of VAIOT. “This is a great milestone for VAIOT and an opportunity to open up the project to the broader public. We are confident in the success of the sale and that it will reflect the viability of VAIOT’s business model and ensure long-term growth.”
“We are excited that VAIOT, the first project regulated in Malta, the country leading the EU regulation for cryptocurrencies will use the rSHO model as a compliant token sale!” says Christoph Zaknun, CEO of DAO Maker. “VAIOT will be the first regulated token sale to host a rSHO on the DAO Maker platform. This is a major milestone from a regulatory perspective. Our KYC practices during SHO are now officially proven to be of a high standard and compliant with laws valid in the European Union. We are looking forward to starting the VAIOT rSHO on February 8th!”
VAIOT develops purpose-built virtual assistants powered by AI and blockchain technology, allowing companies to move processes to AI-powered channels, as well as VAIOT-labeled intelligent virtual assistants delivered directly to consumers. Any product or service sold or delivered digitally can use VAIOT’s tech to be handled by a dedicated AI virtual assistant, accessed by customers via a simple mobile application. VAIOT ultimately plans to take a smart personal assistant concept and combine it with lawyers’ unique skill set and knowledge. The company aims to build an AI legal assistant for consumers and enterprises, providing legal services, including digital, blockchain-based contracts.