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VECAP ICO

ICO

VECAP is a blockchain-based IoT security solution.

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VECAP ICO ratings

ICObench.com VECAP icobench 3.9 / 5
ICOmarks.com VECAP icomarks 8.6 / 10
TrackICO.io VECAP trackico 4.8 / 5
ICOholder.com VECAP icoholder NA
Our rating
8.3
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Overview

Project industry Other
Product type Platform
Founded Germany

What is VECAP

VeCap protects all devices in a smart home and office by uniting them in a decentralized network. Transactions between IoT devices will be recorded in blockchain as smart contracts.

A hypothetical hacker will have over 51% of the network to hack a specific device, and the completion of this task is almost impossible: all blockchain records would be duplicated on millions of IoT devices in tens of thousands of smart homes and offices.

Value of Interoperability

In home environment interoperability will have the biggest impact through linking chore automation with energy and security systems and by increasing customer satisfaction through pleasing experience of using compatible devices

Interoperability will mostly affect offices through enhanced energy management and security in buildings and the productivity increase achieved by offering the workers ideas on how to better their performance and making office a more comfortable place to be.

However, to this day there is no universal solution on the market that could make these benefits come to life. VeCap is going to offer this solution.

VeCap’s Solution

VeCap certified devices will be automatically added to the blockchain ecosystem that allows them to interact with each other directly or via VeCap Smart Home and Smart Office Central Module.

VeCap will also create an adapter to connect uncertified devices manufactured by other companies. Adapter enables a tighter integration of the smart objects in the home via blockchain ecosystem allowing all smart devices to work together.

VeCap Central Module

VeCap Central Module will be in charge of the device network. Through central module users will be able to set up the rules for smart home and smart office.

The majority of VeCap devices will be able to interact with each other without the intervention of central module which will make the system more resistant to possible technical problems with it.

VeCap certified devices

  • The central module will connect directly to VeCap certified devices. VeCap will produce only the minimal number of basic IoT devices.
  • The majority of them will be produced by other vendors. To make sure the security and interoperability of all devices in the system, VeCap will set up a Certification Process.
  • The certification process will consist of analysis of the VeCap standard by third-party vendor, adaptation of a device to the standard and VeCap certification committee.
  • Standards include information about the hardware and software requirements for devices.
  • After the successful certification, selected devices will be marketed and sold on VeCap online store.
  • The devices that have positive feedback from users will be additionally promoted by VeCap each month.
  • There will also be a constant certification renewal process to make sure the alignment of existing devices with updated standards.
  • VeCap Adapter

    VeCap do recognizes the fact that some consumers have already purchased the devices that are not certified by VeCap. To attract these people and companies and to make VeCap’s offer more sticky for them, VeCap will produce a VeCap Adapter.

    Basically, it will be a device that will connect open standard IoT devices that were not certified by VeCap to the Blockchain system. Thus, the barriers to joining VeCap Ecosystem for consumers will be lower.

    VeCap Ecosystem will be a marketplace where hardware producers will be able to promote and sell their products, crowdfund their future undertakings and communicate with customers. The ecosystem will also feature a VeCap Fund for supporting producers initiatives.

  • Online hardware store
  • Hardware producers will be able to promote and sell their products via VeCap’s store.
  • Crowdfunding platform
  • Each producer can apply for crowdfunding of a new product to speed up development process and meet customers demands
  • Community
  • Social media platform to increase engagement of producers and create additional
  • VeCap’s fund for supporting producers initiatives
  • VeCap will act as an investor for development of the most promising products interactions with customers

    Details

    Pre-sales: Jan 04, 2019 - Jan 31, 2019
    Public sales: Jun 01, 2019 - Jun 12, 2019
    Token supply: 1,000,000,000 VC
    Total tokens for sale: 750,000,000 VC
    Soft cap: 24,000,000 USD
    Hard cap: 72,000,000 USD

    Legal

    Blockchain Platform: Ethereum
    Registration country: Germany
    Registration year: 2018

    Token info

    Ticker: VC
    Type: Utility-token
    Token standard: ERC20
    Token price in USD: 1 VC = 0.12 USD
    Accepted currencies: BTC, XMR, BCH, DASH, LTC, BTG, ETH, ZEC
    Token distribution:
    45% - ICO
    20% - Pre-ICO
    10% - Private Sale
    10% - Team & Advisor
    10% - Reserves
    5% - Bounty & Airdrop

    VECAP Roadmap

    1
    Q2-Q3 2018

    Launch of pre-ICO

    2
    Q1–Q4 2019

    ICO Sale

    3
    Q1–Q4 2019

    First VeCap IoT devices are produced

    4
    Q1–Q4 2019

    Hire software development team

    5
    Q1–Q4 2019

    Hire hardware development team

    6
    Q1–Q4 2020

    Development of a hardware adapter

    7
    Q1–Q4 2020

    Launch of 3rd party producers online store

    8
    Q1–Q4 2021

    Generate $100M profit

    9
    Q1–Q4 2021

    Open test houses in Europe to demonstrate solutions

    10
    Q1–Q4 2022

    Achieve customer base of 1 000 000 customers

    Project team

    Imad Labbadi
    Imad Labbadi
    Founder & CEO
    linkedin
    Frank Wobig
    Frank Wobig
    Co-Founder & COO
    linkedin
    Claas Gnerlich
    Claas Gnerlich
    linkedin
    Boris Bosnar
    Boris Bosnar
    linkedin
    Sems Samaras
    Sems Samaras
    linkedin

    Social media

    Web-site Reddit: VECAP Medium: VECAP YouTube: VECAP Telegram: VECAP BTCTalk: VECAP LinkedIn: VECAP Twitter: VECAP Facebook: VECAP Github: VECAP

    User rating:

    5/5 ( 1 )

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