VICOIN ( Cryptocurrency of a New Concept)

 

 Virtonomics is a massively multiplayer online economic game (ММО), a global business simulator that emulates the activities of economic agents. The ecosystem of a virtual economy spans hundreds of various industries in multiple sectors such as extraction of mineral resources, manufacturing, retail, services, utilities, IT, scientific research. 

VICoin (VIC), is the token of Virtonomic$ application built on smart contracts of Ethereum blockchain platform, circulating freely outside Virtonomic$ ecosystem. VICoin is a personal unalienable digital asset of a user. It is earned during the game of the business simulator by using special digging units generating Virts that the user can convert into VICoins. The latter are stored in the user’s personal crypto wallet, VIC Wallet. The user can:

•   use VICoin to buy special digging assets at Virtonomic$ Marketplace;
•   give VICoin to anyone on any terms, for example, sell it directly or via VIC-store, exchange for services, use it as the payment for the help in managing a virtual company (see Virtonomic$ Lanor Market
•  trade VICoin for other services or currencies on the open market outside of Virtonomic$, including cryptocurrency exchanges and exchange offices.

 PROBLEMS

•   Global growing mass demand on online job offerings along with other opportunities concerning honest and intellectual work using internet connection:

  For example 5 000 000 000 is the approximate monthly number of search queries related to ‘job online’ and ‘earn online’ but 500 000 000 is the number of people willing to work and earn online at the very moment. · 

• High financial,technological and intellectual barriers of cryptocurrency mining as a way of earning on the mass market:

 Earning cryptocurrency by mining involves quite substantial investment in technological infrastructure as well as operating costs of running and maintaining mining “farms” and electricity bills. Inevitably, return rate for the owners of small domestic farms decreases, and this downward trend will continue. A miner has almost ZERO influence on the process of gaining cryptocurrency, since everything depends on his spendings on equipment, capacity, productivity maintenance and electricity consumption. The profitability of block mining is decreasing while the cost of transactions is going up, making it almost impossible for single miners to compete with industrial-size mining farms.

 HOW VICOIN WORKS

 Aiming at providing a massive scale for generation and use of cryptocurrencies, we divide the process of the latter’s creation into two fundamentally different processes: first, mining as the technological process cryptographic blocks generation, too complicated for most people to understand; and second, digging as the activity which is meaningful and comprehensible for the general public, forming foundation for generation of tokens and awarding them to people according to the results of their operations.  The essence of the concept and Virtonomic$ platform can be summed up in a simple formula:  

CRYPTOCURRENCY = BLOCK MINING + RESULTS OF PURPOSEFUL HUMAN ACTIVITIES, UNDERSTOOD BY AND COMMON TO A LARGE NUMBER OF PEOPLE

 Vicoin leaves block mining to professional and industrial miners and use the produced Ethereum cryptographic blocks as the technological foundation for creation of VICoin cryptocurrency while enabling the bulk of users earning cryptocurrency by purposeful and meaningful actions that are by far more familiar to them. In the context of our project, we refer to such activities as “digging”.

 

  WHAT VICOIN PLANS TO DO SOLVE THE PROBLEMS 

 Develops an ecosystem of a virtual economy where one can get a high return from the virtual company assets, generating the “fuel” for the cryptocurrency without burning away megawatts of electricity, buying tons of expensive hardware and video cards, or renting space for mining farms. More than that, it will allow direct capitalization on one’s intellectual capabilities, management skills, labor and time spent on the creation and development of a virtual economy. 

In such ecosystem of a virtual economy, everyone can create and run his own company, contribute all available capital to its development and gain convertible cryptocurrency from the contributions.  

Thank you for reading.

To know more about this project, you can visit:

• Website:https://virtonomics.io/en/
• whitepaper: https://virtonomics.io/pub/app/ico/docs/Whitepaper_Virtonomics_PreSale_en.pdf
• Telegram: https://t.me/virtonomicsico
• Facebook: https://www.facebook.com/Virtonomics/
• Twitter: https://twitter.com/virtonomics?lang=en
• ANN Thread: https://bitcointalk.org/index.php?topic=2450650

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1956531