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The already proven cryptocurrency uptrend, especially the leading ten, has made the VTB project possible. From its first recorded transaction to date, a glance at the Bitcoin value reveals a parabolic growth, despite its initial stigma of being volatile. The following chart shows the rising Bitcoin value trend from 2013 to 2021, representing investors purchasing digital assets at low prices and calmly holding them, despite its turbulent fluctuations. In the long term, they are now the winners.[1]
The increase in cryptocurrency values continues to spark interest amongst prospective users globally, with at least 300 million people using cryptocurrencies as of 2021. This figure represents only 3.9 percent of the world’s population, illustrating how far the world still is from mass adoption[2]. At the same time, over 18,000 businesses have set up systems and are already accepting cryptocurrencies as a mode of payment.
1. Leading Countries for Crypto Users[3]
India 100 million USA 27 million Russia 17 million Nigeria 13 million Vietnam 5.9 million Kenya 4.4 million South Africa 4.2 million 2. Demographics for Cryptocurrency Users[4]
Gender Male 79% and Female 21% Age 58% under the age of 34 years Education 82% have a bachelor’s degree or higher Annual Income 36% have an annual income of at least $100K The cryptocurrency industry has growth potential but remains stifled by challenges, such as digital assets volatility, lack of appropriate education, poor UX/UI in crypto wallets, and liquidity issues. Even amidst these challenges, the industry is poised to grow with a CAGR of 12.8 percent from 2021 to 2030. This translates to a market size value of $4.94 Billion in 2030 from $1.49 Billion recorded in 2020[5]. In addition, the perception towards Bitcoin and other cryptocurrencies, especially amongst institutional investors, is rapidly changing. Unlike in the early days of Bitcoin, where investors ignored the crypto asset, this year alone, over $17 Billion in institutional capital has gone into Bitcoin and other cryptocurrencies[6].
3. VTBC Detailed Table
Token Type Algorithmic Symbol VTBC Name VTB Community Total Maximum Supply 40,000,000 Total Units 40,000,000,000,000,000,000,000,000 Pre-Mined 40,000,000,000,000,000,000,000,000 Decimals 18 4. VTBT Details
VTBT holds no initial amount, and each is minted as users convert from VTBC to VTBT, which can only be converted back to VTBC or transferred to a peer within the substrate network. In the future, this token will also be an ERC20, which will cost the user money to mint, transfer, and burn, whereas, within the current substrate system, fees are low and predictable.
[1] https://www.statista.com/statistics/377382/bitcoin-market-capitalization/
[2] https://triple-a.io/crypto-ownership/
[3] https://triple-a.io/crypto-ownership/
[4] https://triple-a.io/crypto-ownership/
[5] https://www.alliedmarketresearch.com/crypto-currency-market
[6] https://www.forbes.com/sites/lawrencewintermeyer/2021/08/12/institutional-money-is-pouring-into-the-crypto-market-and-its-only-going-to-grow/?sh=704941011459
You may consult our White Paper for a complete reference of this whole section at https://bit.ly/vtbwhitepaper
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