VTBDex – Special Security Announcement – How We Keep Your Money Safe

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Security Report

 Date: November 15th, 2022

Available at https://vtbdex.com/

VTBDex – Special Security Announcement – How We Keep Your Money Safe

Dear VTBCommunity members,

From the moment the VTBCommunity Foundation was established a year ago, we took into account the massive challenges that financial technologies face in regulatory compliance and customer protection.

We remain true to our values and core objectives, as established in our White Paper, to bring about the transformative financial solutions that our organization can offer with world-class security measures to keep our members’ assets safe at all times.

We are entirely focused on building a community for the long term and have done so through a platform centered on members buying VTBC at will.

For this reason, we focus on the following key aspects that the VTBCommunity offers:

  • VTBCommunity and VTBDex leverage the security that blockchain technology offers, providing an unchangeable registry infrastructure characterized by distributed ledgers with transparency that is verifiable and accountable at all times.
  • VTBCommunity provides its solutions apart from any other cryptocurrency’s volatility. This is why VTBC keeps growing in value in contrast with other cryptos.
  • VTBCommunity is not linked in any way with FTX or Alameda.
  • VTBCommunity Members are not in danger of losing access to their funds, as these are solely owned by their users and will always remain in their full custody. Although VTBDex is a more complicated exchange platform & less user-friendly compared to other exchanges, users are and will always be in full control of their wallets and private keys.
  • VTBCommunity does not lend or leverage any crypto within the system including deposits, VTBC, and VTBT.
  • VTBDex only works with cryptocurrencies that we consider secure, which is why we limit the types of trading pairs to specific tokens. (EOS, Ethereum, USDT, and we are currently working on adding USDC & Bitcoin).
  • VTBCommunity Foundation is appropriately funded and stable.
  • VTBCommunity has mandated in the Foundation Rules and Charter that an annual financial audit is required.

VTBCommunity continues to optimize the infrastructure of the VTBDex to make it more efficient for our members. We remain congruent with our core belief that VTBC will bring about a positive financial impact on society and that the future of our technology is and will keep thriving worldwide.

As always, we are grateful to our members for their continued support to make the VTBCommunity a success.

Best regards,

The VTBCommunity Foundation

 

VTBDex Updates: Addition of USDT (Tether)

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VTBDex & USDT (Tether)

 Date: November 10th, 2022

Available at https://vtbdex.com/

VTBCommunity Announcement – VTBDex Technical Updates – Addition of USDT (Tether)

Dear VTBCommunity members,

We are here to announce an exciting new feature in our VTBDex: the addition of USDT (Tether). VTBCommunity members will now be able to Deposit, Withdraw, Buy, and Sell VTBC using USDT.

We will ensure that everyone can consult our Knowledge Base on the VTB Forum to learn how to buy VTBs using USDT. This fresh VTBC trading feature, which will be in effect by the 16th of November, will be as seamless as with current crypto options.

For those who are not familiar with this particular stable digital currency, USDT (United States Dollar Tether) is a blockchain-based cryptocurrency launched in 2014 that operates as a centralized, fiat-collateralized stablecoin, and is fully backed by Tether’s reserves. Its particular feature of being “pegged to” or backed by the value of the US dollar means, in short, that its price is always equal to that of the US Dollar. USDT is the third-largest cryptocurrency, next to Bitcoin (BTC) and Ethereum (ETH). USDT is owned by iFinex, a company based in Hong Kong that owns the cryptocurrency exchange BitFinex.

This update also brings some significant improvements to the underlying user data structure that streamlines the blockchain transaction speed and throughput. We have enhanced the weight, which translates into “gas” for ETH, of many of our core functionalities, making it possible to put more transactions in a block. This update paves the way for our next steps in development including the addition of other cryptocurrencies.

We are happy about this significant step in the advancement of the overall capabilities of the VTBDex and continue our efforts in adding other relevant cryptocurrencies for our members to benefit from.

As always, we are grateful to our members for their continued support to make the VTBCommunity a success.

Thank you,

The VTBCommunity Foundation