Meet Vee.Tech (#VEE)

What is VEE? What is the idea in simple words

Virtual Economy Era - They position themselves as the most innovative infrastructure for decentralized applications and the first general-purpose database is blochchain 5.0. Opensource is a blockchain platform that allows developers to build their applications through an open API.

Project website: https://www.vee.tech

Main advantage - a modular structure that allows developers to focus on business logic, while the project provides all the possibilities for storing and transmitting data in a descriptive manner. The secure environment supports intra-and inter-network transactions. Thus, the main purpose of the creation is a decentralized database, which will almost completely remove the access administration and regulate everything with a third-party application, which will have its own set of keys (whitelist) determining accessibility of information. And then it is quite easy to transfer a significant part of existing applications to the blockchain technology.

How does it work?

Consensus Supernodes PoS use real-time voting in combination with reputation (something like the reputation of nodes in NEM). VEE token is used to ensure the health of transactions and applications. The API is provided free of charge for developers, there will be a cost of hosting, but with the development of the platform, which itself is engaged in maintenance and updating, the cost of maintaining applications will be significantly reduced. The project offers developers a wide range of tools for generating transactions and storing data on the blockchain.

The platform plans to support smart contracts that are compatible with ETH and EOS styles. The virtual machine will allow the choice of the developer. When there are other types of smart contracts, their implementation will not take much time.

Whitepaper project Virtual economy era

Part of the whitepaper is still hidden to preserve the copyright and originality of the idea, including additional features, sidechain model, cloud capabilities.

Others

VEE project goal

It is assumed that the blockchain will be able to conduct billions of transactions at the same time. The platform allows applications to use separate blockchains, if required, fully dividing different application ecosystems. It is planned to create a web and mobile light wallet with a modern UI and protection.

“Our goal is not only a few million dollars for blockchains, but also millions of blockchains for a new era of economy” - excerpts from WP.

Team Vee.tech

The founder of Sunny King is the founder of peercoin and primecoin and Scott Nadal from the same place. Sunny itself various sources put almost on par with Nakamoto as the creator of important technical ideas, photos are not available. The rest of the team on the site only names and avatars. However, in the articles on the medium there are a number of photographs and references from the mitaps, which allow us to say that they are real people.

It is worth mentioning that a number of meetups were held with the support of Bithumb. The team works closely with the developers of PeerCoin (the first to offer dual Mining Proof-of-work and Proof-of-Stake or forging) and PrimeCoin (its own version of Proof-of-Work) thanks to the founders. Alex Yang, a representative of a number of funds (Beam VC, CyberCarrier Capital and TIG Asset Management), has recently joined as CEO.

Rob Zhang co-founder - the main media face

Advisor. Jiang zhou - No details were found.

Social network. Twitter 250 (weekly updates), FB 19 (weekly), Github - empty, Medium - 11, Telegram - 220.

Plans for a crypto project (roadmap)

  • Formulation of ideas in 2016.
  • Whitepaper in October 2017.
  • In November, 2017 entered the fund.
  • May 2018 new consensus.
  • July 2018 completed work on the main functions of wallets.
  • Promise in telegrams Mainnet in September 2018.

Where is

The site is registered at the beginning of 2017 in China. Registrar data not available. But the postal links lead to the site excelsia.io and there are also kinds of traces of the Vee. Register in Paris in 2016 year, no other information. Addresses of dislocation are also not found.

VEE Token (Cryptocurrency)

There are no exact values, but the following is indicated in reddit. The total number of no more than 7.599 billion. Of these, 35% (5 142 8585 000) for a private round cost 18 to BTC (according to unconfirmed data collected). The rest is mining.

Advantages and disadvantages

Immediately, an interesting project with deep study turned out to be with a large number of “black holes” or “red flags”, if that’s more convenient. The team seems to be there, but apart from the great name of the founders, nothing else is known. Mitapas in Japan and Korea were visited by not so many people, judging by the reports. The founder is very famous, but this is not enough in modern cryptomir for success.

Tokenomics detailed no. WP is incomplete "for reasons of originality," or maybe nothing to brag about. Work is underway, there are updates, but even in the telegram-chatting attitude is quite secretive. For example, it is unclear what the size of the team and where they are. However, there are articles in the CCN and several other major publications about the project.

We will observe the development. If they make the declared, it can be one of the first wave of the very mass adoption for the dissemination of blockchain technology and greater popularization. In the end, how many can already cut "their original" blockchains!

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