What is Vank?

Vank’s mission is the creation of free credit circuits on the Blockchain to then enhance people’s and businesses’ financial indipendence from our actual credit system.

Vank will decentralyse the credit by transforming it into a free P2P (Peer to Peer) credit. In a first moment the businesses (after also private citizens will have access) will have access to it and will, through our system of economic incentives, benifit of our platform Vank P2P and obtain free credit to spend. This will decrease their exposure towards the traditional credit system.

The word P2P credit stands for a credit that will be exchanged between members of the same circuit. In fact they will lend a certain amount of credit (depending from how much they buy) to other members without interests. This will create a better cicrculation of goods/services.

Vank aims to do the Bank’s original job, sustaining development and growth giving particular attention to local economic and social realities. It will sustain and help small, medium factories and the citizens which have always been the main basis of true economic and human growth inside every country.
Vank is a foundation in the banking sector that aims to trasform the actual credit system in a new system based on the value of reciprocal trust.
Vank wants to be the first bank creating real value on the Blockchain. Its name come from (Vank = Value+Bank). It will be linked to the real economic and social reality. It will build true value trasforming the actual financial and economic crisis into an opportunity of growth for the entire society.

What is Vank?

Vank’s mission is the creation of free credit circuits on the Blockchain to then enhance people’s and businesses’ financial indipendence from our actual credit system.

Vank will decentralyse the credit by transforming it into a free P2P (Peer to Peer) credit. In a first moment the businesses (after also private citizens will have access) will have access to it and will, through our system of economic incentives, benifit of our platform Vank P2P and obtain free credit to spend. This will decrease their exposure towards the traditional credit system.

The word P2P credit stands for a credit that will be exchanged between members of the same circuit. In fact they will lend a certain amount of credit (depending from how much they buy) to other members without interests. This will create a better cicrculation of goods/services.

Vank aims to do the Bank’s original job, sustaining development and growth giving particular attention to local economic and social realities. It will sustain and help small, medium factories and the citizens which have always been the main basis of true economic and human growth inside every country.
Vank is a foundation in the banking sector that aims to trasform the actual credit system in a new system based on the value of reciprocal trust.
Vank wants to be the first bank creating real value on the Blockchain. Its name come from (Vank = Value+Bank). It will be linked to the real economic and social reality. It will build true value trasforming the actual financial and economic crisis into an opportunity of growth for the entire society.

How will we do all this?

All members of Vank get in contact with a new and complementary market. Through our site, the innovative cryptocurrency technology and the Blockchain of Ethereum we will help small and medium sized Italian and European factories to:

null

Create a new network

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Optimize their productive capacity

null

Obtain new economic and financial tools, completely independent from traditional banking systems

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Become more efficient and competitive generating valuable liquidity.

Vank wants to offer and does not want to substitute itself to already existing banks or credit circuits.

Our idea is very simple:

We will ease and sustain the exchange economy between businesses through an innovative form of “hi-tech barter”. It will be based on the Blockchain technology and it will use a complementary cryptocurrency named EURV Credit (already present in the Blockchain). This EURV credit is valued at a rate of 1 to one EURO.

How will we do all this?

All members of Vank get in contact with a new and complementary market. Through our site, the innovative cryptocurrency technology and the Blockchain of Ethereum we will help small and medium sized Italian and European factories to:

null

Create a new network

null

Optimize their productive capacity

null

Obtain new economic and financial tools, completely independent from traditional banking systems

null

Vank wants to offer and does not want to substitute itself to already existing banks or credit circuits.

Vank vuole essere uno strumento innovativo ed economico che non si sostituisce al mercato delle aziende aderenti. Il nostro intento è quello di sommarci al mercato esistente.

Our idea is very simple

We will ease and sustain the exchange economy between businesses through an innovative form of “hi-tech barter”. It will be based on the strong class=”white-bold”>Blockchain technology and it will use a complementary cryptocurrency named EURV Credit(already present in the Blockchain). This EURV credit is valued at a rate of 1 to one EURO.

Vank business model

Keeping in mind that Vank’s mission is to realize virtuous free credit circuits, we first need to have the following:

  • A value vector recognized between the parts (mesuring unit EURV);
  • A method to manage that currency (a wallet);
  • A conversion platform to convert this currency in universally recognized cryptocurrency (Bitcoin / Ethereum / Dash / Monero / etc.). In our case, Ethereum (an Exchange);
  • A site of e-commerce that functions as a search engine for buy/sell for all members of the Vank network (an e-commerce site).

B2B

B2B is the circuit of businesses which trade with other businesses.
In this step Vank gives the opportunity to professionals, individual businesses, small and medium sized businesses to register to a free credit circuit which will allow the exchange of goods and services between members of the circuit without charging them. Vank will also offer to users a supplementary financing channel (without interests) and a community where to meet new potential customers without paying for ads and marketing campaigns.

B2B

The registration to the circuit is for free and gives the opportunity to members to buy what they need using the account. They will pay for the goods they have bought once they have sold their own goods to other customers inside the circuit.

All these purchases will not influence the customers’ original accounts in EURO decreasing their dependence from banks and increasing their competitiveness.
We would like to take back those original values mentioned before by creating a community based on the circuit.

Let’s do a practical example in order to understand better.
The dental clinic of Dr. Rossi needs to restore the clinic in order to give additional services to the patients. But Dr. Rossi does not have enough money to do that and this will affect his future potential and income. By entering the Vank circuit Dr. Rossi has access to an account, offered and managed by Vank, which gives him the possibility to buy goods/ services from other members.
This is possible through the use of an accounting tool called “multilateral exchange in compensation” registered on the Blockchain ( as a mesuring unit) – named EURV credit.
All he has to do is to access his account and use the the complementary cryptocurrency.

At this moment in time Dr. Rossi can buy the goods he needs and he can pay the building constructor Verdi for the restoration of the clinic. He does not have to pay anything to the building constructor Verdi. By doing this Dr. Rossi has increased the value of his activity without losing his liquidity or part of his liquidity.

B2C

In the second step the managers and employees of the business can receive bonuses and payments in EURV credit in order to then buy what they want from other members of the network.

Employees will have the possibility also to ask for an anticipation of their severance pay without creating troubles for their boss.

B2C

The second step permits the rooting of the service in the territory, creating deeper relations of trust with the users.

Example:

The building constructor Verdi S.r.l. would like to gift his workers with a final year’s prize but a machine stopped working during a construction work.
How can the building constructor give the final year prize to his workers and buy a new machine if the company has money in its bank account only to do one thing at a time?

Solution 1:

The building constructor and his workers can have an agreement. The building constructor Verdi S.r.l. gives a credit in cryptocurrency EURV to his workers (the boss has earned this credit after having worked with the dental clinic Rossi) and the workers can buy what they need inside the subsidized credit circuit of Vank. The liquidity in Euro inside the traditional bank account can be then spent to then fix the machine or buy a new one.

Solution 2:

The building constructor Verdi S.r.l. pays for the new machine or pays for having it repaired using the network based on the Vank circuit (he has the credit earned from Dr. Rossi) and then pays for the final year’s prize for his workers in Euro.

Solution 3:

The building constructor Verdi S.r.l. pays both the machine and the final year’s prize with the credits earned in eurV. The boss will then have a spare of liquidity in his traditional bank account.

Thanks to the first 2 steps described above, both owners and employees can have more liquidity at their disposal. This liquidity can be spent inside the territory so to have an exponential increase of transactions and wealth locally. This will then contribute to increase job demand and employability.

B2H

The third step is named B2H “business to help”. It is an innovative project and will give Vank the possibility to help the so called ‘weak categories’ (disable, very sick people).
Unfortunately, most of the times, they cannot work and they receive very little help from the government so they are below the poverty threshold.

B2H

Vank thanks to its circuit will allow these people to access an account where every month Vank will deposit a certain amount of EURV credit. They will have the possibility to spend it so to allow a part of the Italian people, most of the times forgotten by the institutions, to regain their dignity. We will also make agreements with important associations in order to give immediately spendable credit to those institutions if they assist these categories.

This credit in the circuit will not only be available for central offices but also for the branches which will supervise and help people in the territory, checking and evaluating each case singularly.

B2W

The fourth step is called “business to work”. Vank will open the membership also to citizens, giving them the possibility to open a free of charge Vank account.
This will offer the citizens the possibility to enter into a virtuous circuit. In this circuit they can offer their professionalism and expertise so to accept EURV credit in compensation of their work.

 

B2W

Example:
Gabriella is at the moment unemployed and is not finding a new employment. Therefore, she decides to access the Vank circuit. She will be assited in creating a profile based on her cv. This will give her visibility in the Vank circuit, creating new networking options with the businesses inside the same circuit.
In exchange of this oppurtunity Gabriella will accept a minimal percentage of EURV as a payment for her work. The other percentage of the payment will be done in EURO or the legal tender of the country.
Thanks to Vank, Gabriella will have new job opportunities. The businesses adhering to Vank will have the possibility to spend their EURV credit to hire new people, boosting their productivity.

The EURV Credit

The EURV credit is a Token and it is compliant with Ethereum. This will allow full transparency and the traceability of payments. This is possible because data written in the Blockchain cannot be changed.
This will allow us to use the Blockchain as a creditor/debtor ledger in our transactions. In addtion to this, the user will have the possibility to make a credit check for each business in the Vank circuit, increasing the transparency and affidability of the system.
EURV has been created in order to make goods move inside the Vank circuit.

This currency has not been designed for the free market (through exchange).

The e-commerce website

This is our website and it allows people to search for commercial partners following well tested schemes for purchasing goods and services. The users already know this technology. All this will allow final users to start using the Vank Network in an easy and transparent
way. It will be immediately operative and it will reduce the time required for the learning process of the platform and its instruments.

Vank business model

Keeping in mind that Vank’s mission is to realize virtuous subsidized credit circuits, we first need to have the following:

• A value vector recognized between the parts (mesuring unit EURV);
• A method to manage that currency (a wallet);
• A conversion platform to convert this currency in universally recognized cryptocurrency (Bitcoin / Ethereum / Dash / Monero / etc.). In our case, Ethereum (an Exchange);
• A site of e-commerce that functions as a search engine for buy/sell for all members of the Vank network (an e-commerce site).

B2B

B2B is the circuit of businesses which trade with other businesses.
In this step Vank gives the opportunity to professionals, individual businesses, small and medium sized businesses to register to a free credit circuit which will allow the exchange of goods and services between members of the circuit without charging them. Vank will also offer to users a supplementary financing channel (without interests) and a community where to meet new potential customers without paying for ads and marketing campaigns.

B2B

The registration to the circuit is for free and gives the opportunity to members to buy what they need using the account. They will pay for the goods they have bought once they have sold their own goods to other customers inside the circuit.

All these purchases will not influence the customers’ original accounts in EURO decreasing their dependence from banks and increasing their competitiveness.
We would like to take back those original values mentioned before by creating a community based on the circuit.

Let’s do a practical example in order to understand better.
The dental clinic of Dr. Rossi needs to restore the clinic in order to give additional services to the patients. But Dr. Rossi does not have enough money to do that and this will affect his future potential and income. By entering the Vank circuit Dr. Rossi has access to an account, offered and managed by Vank, which gives him the possibility to buy goods/ services from other members.
This is possible through the use of an accounting tool called “multilateral exchange in compensation” registered on the Blockchain ( as a mesuring unit) – named EURV credit.
All he has to do is to access his account and use the the complementary cryptocurrency.

At this moment in time Dr. Rossi can buy the goods he needs and he can pay the building constructor Verdi for the restoration of the clinic. He does not have to pay anything to the building constructor Verdi. By doing this Dr. Rossi has increased the value of his activity without losing his liquidity or part of his liquidity.

B2H

The third step is named B2H “business to help”. It is an innovative project and will give Vank the possibility to help the so called ‘weak categories’ (disable, very sick people).
Unfortunately, most of the times, they cannot work and they receive very little help from the government so they are below the poverty threshold.

B2H

Vank thanks to its circuit will allow these people to access an account where every month Vank will deposit a certain amount of EURV credit. They will have the possibility to spend it so to allow a part of the Italian people, most of the times forgotten by the institutions, to regain their dignity. We will also make agreements with important associations in order to give immediately spendable credit to those institutions if they assist these categories.
This credit in the circuit will not only be available for central offices but also for the branches which will supervise and help people in the territory, checking and evaluating each case singularly.
Vank wants to free its members and future holders of an account form financial dependence created by traditional banks. It will offer an ethic and virtuous alternative which will allow people to access a new form of credit.
We will also develop a program to give dignity to the people that work and live in an ethic way but are hindered by traditional credit systems because they have a bad rating or because they cannot respect all the parameters the banks require in order to get a loan.

Thanks to the first 2 steps described above, both owners and employees can have more liquidity at their disposal. This liquidity can be spent inside the territory so to have an exponential increase of transactions and wealth locally. This will then contribute to increase job demand and employability.

B2W

The fourth step is called “business to work”. Vank will open the membership also to citizens, giving them the possibility to open a free of charge Vank account.
This will offer the citizens the possibility to enter into a virtuous circuit. In this circuit they can offer their professionalism and expertise so to accept EURV credit in compensation of their work.

B2W

Example:
Gabriella is at the moment unemployed and is not finding a new employment. Therefore, she decides to access the Vank circuit. She will be assited in creating a profile based on her cv. This will give her visibility in the Vank circuit, creating new networking options with the businesses inside the same circuit.
In exchange of this oppurtunity Gabriella will accept a minimal percentage of EURV as a payment for her work. The other percentage of the payment will be done in EURO or the legal tender of the country.
Thanks to Vank, Gabriella will have new job opportunities. The businesses adhering to Vank will have the possibility to spend their EURV credit to hire new people, boosting their productivity.

B2C

In the second step the managers and employees of the business can receive bonuses and payments in EURV credit in order to then buy what they want from other members of the network. Employees will have the possibility also to ask for an anticipation of their severance pay without creating troubles for their boss.

B2C

The second step permits the rooting of the service in the territory, creating deeper relations of trust with the users.

Example:

The building constructor Verdi S.r.l. would like to gift his workers with a final year’s prize but a machine stopped working during a construction work.
How can the building constructor give the final year prize to his workers and buy a new machine if the company has money in its bank account only to do one thing at a time?

Solution 1:

The building constructor and his workers can have an agreement. The building constructor Verdi S.r.l. gives a credit in cryptocurrency EURV to his workers (the boss has earned this credit after having worked with the dental clinic Rossi) and the workers can buy what they need inside the subsidized credit circuit of Vank. The liquidity in Euro inside the traditional bank account can be then spent to then fix the machine or buy a new one.

Solution 2:

The building constructor Verdi S.r.l. pays for the new machine or pays for having it repaired using the network based on the Vank circuit (he has the credit earned from Dr. Rossi) and then pays for the final year’s prize for his workers in Euro.

Solution 3:

The building constructor Verdi S.r.l. pays both the machine and the final year’s prize with the credits earned in eurV. The boss will then have a spare of liquidity in his traditional bank account.

The EURV Credit

The EURV credit is a Token and it is compliant with Ethereum. This will allow full transparency and the traceability of payments. This is possible because data written in the Blockchain cannot be changed.
This will allow us to use the Blockchain as a creditor/debtor ledger in our transactions. In addtion to this, the user will have the possibility to make a credit check for each business in the Vank circuit, increasing the transparency and affidability of the system.
EURV has been created in order to make goods move inside the Vank circuit.

This currency has not been designed for the free market (through exchange).

The e-commerce website

This is our website and it allows people to search for commercial partners following well tested schemes for purchasing goods and services. The users already know this technology. All this will allow final users to start using the Vank Network in an easy and transparent
way. It will be immediately operative and it will reduce the time required for the learning process of the platform and its instruments.

The user’s procedure in 4 steps

In order to allow the member to work in his profession using the support of the free credit circuit by Vank, the member needs to follow only a 4 steps procedure:

Step 1:

The user must register in to the Vank circuit. The registration is free and gives Vank the possibility to create a network between members of its credit circuit.

Step 2:

The user which gained access to the circuit (after premilinary and due checks made by Vank) obtains the community’s trust and therefore is allowed to spend and receive EURV credits ( a maximum limit of credit is already fixed by Vank for each member).

Step 3:

The user searches inside the Vank circuit and network for all commercial partners (suppliers of goods and services) which can help his/her business to realize his/her activities. The business contacts the partners and starts the commercial agreements (using the EURV credit on the Blockchain as an exchange currency) in order to get goods and services he/she needs for his/her productive cycles.

Step 4:

Using the goods and services acquired he/she completes the productive cycle and then sells one part of his/her goods and services inside the Vank circuit (where they will be sold in EURV) and another part in the free market (where they will be sold in EURO or the local currency). In the single sale, inside the Vank circuit, the vendor/buyer decides freely the total percentage of EURV they will use for the transaction.

From a minimum of
  • EURV 20%
  • OTHER CURRENCIES 80%
To a maximum of
  • EURV 100%
  • OTHER CURRENCIES 0%

For the remaining part they will have the possibility to use “Fiat” currency (in other words local legal tender) or the main cryptocurrencies (Bitcoin, Ethereum, Dash, Litecoin, Ripple e Bitcoin Cash). The business, thanks to its membership to the Vank circuit, has then more liquidity in local currency. In fact the member has not spent his/her liquidity for getting what was needed. This extra liquidity can then be used.

Take part in the change

VANK cryptocurrency

The engine of the Vank project is represented by EURV credit based on a Blockchain system, whereas the petrol (using a term taken from Ethereum, the real source of inspiration for our project is based on our cryptocurrency VANK. The tokens are used to pay the fees inside the circuit. These fees are equal to 1% of the transactions and must be paid both from the buyer and seller. Therefore, Vank earns a total amount of a 2% fee on the transactions made inside the platform. In addition we have created a smart contract EURV/VANK that will automatically give to both members the amount of fees paid in EURV back. Therefore the fees will be totally be given back in EURV and the users will immediately have the possibility to spend the credit they received back. This will permanently transform the Vank circuit in a free circuit for all registered members.

Vank is different from our competitors because, in order to use our circuit, we will not ask you to pay annual memberships or any other fees.

In order to develop this important project, Vank is aiming to attract funds from private investors , through the collocation of shares, EU funds, crowdfunding activities or the sells of VANK tokens to members.

Our final target is not the creation of a speculative idea but we really believe in the possibility to create and build a steady, reliable, ethic an unique project.

1
VANK tokens total amount that will be issued
1
Tokens will be ready for usage and to be exchanged
1
Will be the initial value of a single token

The Wallet for Vank cryptocurrency

The Wallet, which is an electronic wallet, will manage the VANK and ETH cryptocurrency. It will allow sending, depositing and checking the amount of cryptocurrency deposited inside the wallet. It will be possible to send a specific quantity of cryptocurrencies, at your own will, (even decimals) to other Ethereum Wallets or other multicurrency Wallets which are compliant with the ERC20 standard.
Vank observes the newest and highest safety standards. It will use a wallet with a 2 factor authentication (2FA) which will allow the user to login having a double authentication of his/her identity.

The VANK cryptocurrency Exchange

The Exchange of VANK wants to be a tool for creating and preserving the cryptocurrency value, therefore favoring the exchange and trading of VANK cryptocurrency in the free market. The Exchange, subject to the authentication of the user, will allow the purchase and sale of VANK cryptocurrency exchanging it with ETH (ETHER) and vice versa, and also the monitoring of the personal account.

Debt Card and the VANK cryptocurrency

The VANK cryptocurrency can be used for purchasing goods through the use of its associated debt card. The credit card will be created by a global supplier specialized in payments solutions. It will be chosen among those suppliers who are leaders in cryptography and in electronic elaboration technology for payments.

Products and Services

Vank account both for businesses and personal use
Conto Vank sia aziendale sia personale

The account is completely free of charge and gives access to a network of businesses using the Vank circuit both for selling and buying goods and services with complementary cryptocurrency (EURV).

Web app and Marketplace
Web app e Marketplace

Members will have the possibility to use a digital business showroom free of charge. In this showroom merchandise will be divided by categories. In this digital showroom the member will have a space for advertising his/her enterprise, goods or services, verify his/ her balance, making and getting payments, publish his/her own offers, search for offers on other products or services and other businesses’ promotions (obviously all businesses must be members of the circuit).

Mobile app
Mobile app

The mobile app will allow the use of all services contained in the mobile app and the Marketplace directly from a (both Android and iOS).

NFC Card
Carta NFC

All members of the circuit will be allowed to pay in EurV by using a NFC card as a mean of alternative payment to the use of the mobile app.

Mobile Pos for vendors
Pos Mobile per esercenti

The vendors’ mobile, through a specific application, will be transformed into a POS NFC and will accept and receive instant payments. This will be possible also through the use of a QR code.

Customer service line
Servizio clienti

A phone line for customer service will be activated and will give direct support to all members of the Vank subsidized credit circuit and Angel circuit.

Angel free credit circuit (Broker Vank)
Angel Vank (Facilitatore Vank)

There will be internal consultants that will develop the relations between businesses helping and supporting each circuit member in order to create the sales of good/services.

They will also:

  • Make the initial evaluation of businesses that will enter the circuit on a free of charge basis
  • Evaluate the needs of goods/services of the circuit members
  • Research each time, inside the circuit, the best solutions to then communicating them to the businesses or the single professional searching for goods/services
  • Maintain the relations between sellers /buyers inside the circuit.
  • Provide for a training service and info service about the Vank world
  • Build a network of relations through the Member Get Member campaigns.This will allow Vank members to present Vank to new members. Vank will reward members who presented new members to Vank with free credits
  • Help members of the circuit to their account well balanced, balancing sales and purchases.
  • Create events in the territory for the promotion of businesses inside the circuit to other businesses not inside the circuit.
Events for the circuit members
Carta NFC

In order to incentivize the relations between businesses which are registered in the circuit and in order to empower their development and turnover there will a figure we call Angel Vank. This figure helps new businesses entering the circuit to create events in the circuit showrooms to help this business to be known by older members.

Take part in the change

Vank roadmap

2017
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  • Initial study on feasibility (Brand; initial general business plan; roadmap)
  • Search for operative partners
  • Brand and initial marketing plans (values; Mission; Vision; logo; elevator pitch; pitch)
  • Selection of strategic partners

null
  • First financial support coming from partners
  • Initial, general draft of the Business plan
  • Search for funds from EU and Italy governative funds
  • Costitution of the Italian branch ( Srl form)
  • Initial study phase on the platform’s software architecture (Blockchain / web site)
2018
null
  • Search and selection of technical partners for the crowdfunding
  • Evaluation of a partnership with other operators in the high tech barter sector

null
  • Recognition to Vank Srl of the status of Innovative Startup from
  • Chamber of Commerce of Treviso, Italy
  • The website Vank.net is online

null
  • Creation of the architecture of the smart contract EURV and VANK

null
  • Entrance of new financial partners
2019
null
  • Costitution of Swiss Branch
  • Development of smart contract
  • Deploy smart contract EURV and VANK

null
  • Audit smart contract
  • Vank  Private presale
  • Development web platform – marketplace
  • Acquisition of already active competitors

null
  • Test of the architecture of the platform software
  • Online activation of the web app and beta version of the marketplace
  • Online  activation of the web wallet
  • Rebranding of the acquired italian exchange network

null
  • ICO
  • Activation token VANK 10th. October 2019
  • Activation VANK criptocurrency in the Exchange platforms in the free market
  • Integration of the Platform used by acquired competitors
  • Integration of the Vank circuit with Blockchain Ethereum
  • Go live Vank circuit

 

Online publication of our online web exchange

2020
null
  • Commercial partnership with second  level competitors
  • Request of IMEL license (Institute of Electronic currency)

null
  • Opening of Vank circuit in other EU countries

null
  • Start of  International Start up pack Vank
  • Acquisition of second level competitors which are already active

null
  • Request of EU Banking License

The Vank team

The project was born in 2016 from an idea of Alberto Grespan and Paolo Foti, to offer an alternative and hope for a change of the current traditional credit system. The traditional credit system is still today strangling the economies of several weaker countries and also small and medium sized businesses.

Alberto Grespan

Chief Executive Officer and Marketing Manager
Vank

LinkedIn

Paolo Foti

Chief Technical Officer
Vank

LinkedIn

Luca Carmelita

Marketing Manager Junior
Vank

LinkedIn

Marco Crotta

Blockchain Specialist and Vank Advisor

LinkedIn

Roberto Puddu

Chief Designer Officer
Vank

LinkedIn

Francesco Bortolussi

Public Relations
Vank

LinkedIn

Dasha Maksimova

Russian Public Relations
Manager Vank

LinkedIn

The user’s procedure in 4 steps

In order to allow the member to work in his profession using the support of the free credit circuit by Vank, the member needs to follow only a 4 steps procedure:

Step 1:

The user must register in to the Vank circuit. The registration is free and gives Vank the possibility to create a network between members of its credit circuit.

Step 2:

The user which gained access to the circuit (after premilinary and due checks made by Vank) obtains the community’s trust and therefore is allowed to spend and receive EURV credits ( a maximum limit of credit is already fixed by Vank for each member).

Step 3:

The user searches inside the Vank circuit and network for all commercial partners (suppliers of goods and services) which can help his/her business to realize his/her activities. The business contacts the partners and starts the commercial agreements (using the EURV credit on the Blockchain as an exchange currency) in order to get goods and services he/she needs for his/her productive cycles.

Step 4:

Using the goods and services acquired he/she completes the productive cycle and then sells one part of his/her goods and services inside the Vank circuit (where they will be sold in EURV) and another part in the free market (where they will be sold in EURO or the local currency). In the single sale, inside the Vank circuit, the vendor/buyer decides freely the total percentage of EURV they will use for the transaction.

From a minimum of

  • EURV 20%
  • OTHER CURRENCIES 80%

To a maximum of

  • EURV 100%
  • OTHER CURRENCIES 0%

For the remaining part they will have the possibility to use “Fiat” currency (in other words local legal tender) or the main cryptocurrencies (Bitcoin, Ethereum, Dash, Litecoin, Ripple e Bitcoin Cash). The business, thanks to its membership to the Vank circuit, has then more liquidity in local currency. In fact the member has not spent his/her liquidity for getting what was needed. This extra liquidity can then be used.

Take part in the change

VANK cryptocurrency

The engine of the Vank project is represented by EURV credit based on a Blockchain system, whereas the petrol (using a term taken from Ethereum, the real source of inspiration for our project is based on our cryptocurrency VANK. The tokens are used to pay the fees inside the circuit. These fees are equal to 1% of the transactions and must be paid both from the buyer and seller. Therefore, Vank earns a total amount of a 2% fee on the transactions made inside the platform. In addition we have created a smart contract EURV/VANK that will automatically give to both members the amount of fees paid in EURV back. Therefore the fees will be totally be given back in EURV and the users will immediately have the possibility to spend the credit they received back. This will permanently transform the Vank circuit in a free circuit for all registered members.

Vank is different from our competitors because, in order to use our circuit, we will not ask you to pay annual memberships or any other fees.

In order to develop this important project, Vank is aiming to attract funds from private investors , through the collocation of shares, EU funds, crowdfunding activities or the sells of VANK tokens to members.

Our final target is not the creation of a speculative idea but we really believe in the possibility to create and build a steady, reliable, ethic an unique project.

1
VANK tokens total amount that will be issued
1
Tokens will be ready for usage and to be exchanged
1
Will be the initial value of a single token

The Wallet for Vank cryptocurrency

The Wallet, which is an electronic wallet, will manage the VANK and ETH cryptocurrency. It will allow sending, depositing and checking the amount of cryptocurrency deposited inside the wallet. It will be possible to send a specific quantity of cryptocurrencies, at your own will, (even decimals) to other Ethereum Wallets or other multicurrency Wallets which are compliant with the ERC20 standard.
Vank observes the newest and highest safety standards. It will use a wallet with a 2 factor authentication (2FA) which will allow the user to login having a double authentication of his/her identity.

Debt Card and the VANK cryptocurrency

The VANK cryptocurrency can be used for purchasing goods through the use of its associated debt card. The credit card will be created by a global supplier specialized in payments solutions. It will be chosen among those suppliers who are leaders in cryptography and in electronic elaboration technology for payments.

The VANK cryptocurrency Exchange

The Exchange of VANK wants to be a tool for creating and preserving the cryptocurrency value, therefore favoring the exchange and trading of VANK cryptocurrency in the free market.
The Exchange, subject to the authentication of the user, will allow the purchase and sale of VANK cryptocurrency exchanging it with ETH (ETHER) and vice versa, and also the monitoring of the personal account.

Products and Services

Vank account both for businesses and personal use
Conto Vank sia aziendale sia personale

The account is completely free of charge and gives access to a network of businesses using the Vank circuit both for selling and buying goods and services with complementary cryptocurrency (EURV).

Web app and Marketplace
Web app e Marketplace

Members will have the possibility to use a digital business showroom free of charge. In this showroom merchandise will be divided by categories. In this digital showroom the member will have a space for advertising his/her enterprise, goods or services, verify his/ her balance, making and getting payments, publish his/her own offers, search for offers on other products or services and other businesses’ promotions (obviously all businesses must be members of the circuit).

Mobile app
Mobile app

The mobile app will allow the use of all services contained in the mobile app and the Marketplace directly from a (both Android and iOS).

NFC Card
Carta NFC

All members of the circuit will be allowed to pay in EurV by using a NFC card as a mean of alternative payment to the use of the mobile app.

Mobile Pos for vendors
Pos Mobile per esercenti

The vendors’ mobile, through a specific application, will be transformed into a POS NFC and will accept and receive instant payments. This will be possible also through the use of a QR code.

Customer service line
Servizio clienti

A phone line for customer service will be activated and will give direct support to all members of the Vank subsidized credit circuit and Angel circuit.

Angel free credit circuit (Broker Vank)
Angel Vank (Facilitatore Vank)

There will be internal consultants that will develop the relations between businesses helping and supporting each circuit member in order to create the sales of good/services.

They will also:

  • Make the initial evaluation of businesses that will enter the circuit on a free of charge basis.
  • Evaluate the needs of goods/services of the circuit members.
  • Research each time, inside the circuit, the best solutions to then communicating them to the businesses or the single professional searching for goods/services.
  • Maintain the relations between sellers /buyers inside the circuit.
  • Provide for a training service and info service about the Vank world.
  • Build a network of relations through the Member Get Member campaigns.This will allow Vank members to present Vank to new members. Vank will reward members who presented new members to Vank with free credits.
  • Help members of the circuit to their account well balanced, balancing sales and purchases.
  • Create events in the territory for the promotion of businesses inside the circuit to other businesses not inside the circuit.
Events for the circuit members
Carta NFC

In order to incentivize the relations between businesses which are registered in the circuit and in order to empower their development and turnover there will a figure we call Angel Vank. This figure helps new businesses entering the circuit to create events in the circuit showrooms to help this business to be known by older members.

Take part in the change

Vank roadmap

2017
  • Initial study on feasibility (Brand; initial general business plan; roadmap)
  • Search for operative partners
  • Brand and initial marketing plans (values; Mission; Vision; logo; elevator pitch; pitch)
  • Selection of strategic partners
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  • First financial support coming from partners
  • Initial, general draft of the Business plan
  • Search for funds from EU and Italy governative funds
  • Costitution of the Italian branch ( Srl form)
  • Initial study phase on the platform’s software architecture (Blockchain / web site)
2018
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  • Search and selection of technical partners for the crowdfunding
  • Evaluation of a partnership with other operators in the high tech barter sector

  • Recognition to Vank Srl of the status of Innovative Startup from
  • Chamber of Commerce of Treviso, Italy
  • The website Vank.net is online
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  • Creation of the architecture of the smart contract EURV and VANK

  • Entrance of new financial partners
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2019
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  • Costitution of Swiss Branch
  • Development of smart contract
  • Deploy smart contract EURV and VANK

  • Audit smart contract
  • Vank  Private presale
  • Development web platform – marketplace
  • Acquisition of already active competitors
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  • Test of the architecture of the platform software
  • Online activation of the web app and beta version of the marketplace
  • Online  activation of the web wallet
  • Rebranding of the acquired italian exchange network

  • ICO
  • Activation token VANK 10th. October 2019
  • Activation VANK criptocurrency in the Exchange platforms in the free market
  • Integration of the Platform used by acquired competitors
  • Integration of the Vank circuit with Blockchain Ethereum
  • Go live Vank circuit

 

Online publication of our online web exchange

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2020
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  • Commercial partnership with second  level competitors
  • Request of IMEL license (Institute of Electronic currency)

  • Opening of Vank circuit in other EU countries
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  • Start of  International Start up pack Vank
  • Acquisition of second level competitors which are already active

  • Request of EU Banking License
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The Vank team

The project was born in 2016 from an idea of Alberto Grespan and Paolo Foti, to offer an alternative and hope for a change of the current traditional credit system. The traditional credit system is still today strangling the economies of several weaker countries and also small and medium sized businesses.

Alberto Grespan

Chief Executive Officer and Marketing Manager
Vank

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Paolo Foti

Chief Technical Officer
Vank

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Luca Carmelita

Marketing Manager Junior
Vank

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Marco Crotta

Blockchain Specialist and Vank Advisor

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Roberto Puddu

Chief Designer Officer
Vank

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Francesco Bortolussi

Public Relations
Vank

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Dasha Maksimova

Russian Public Relations
Manager Vank

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