Full Name: Value Promise Protocol
Value Promise Protocol（hereinafter referred to as “ValPromise”）, is a universal protocol to resolve the decentralization of certain financial contracts for free issuance/trading, ultra low cost deployment application that apply to all public chains that support intelligent contracts. In ValPromise system, all the futures, options and index insurance contracts that are linked to objective and open indicators can be produced and developed. The realization includes global cross species, cross-regional free financial asset investment, risk management (insurance, futures, options contracts, option contracts are freely traded without centralization) needs.The agreement is especially applicable to users with special financial products requirements, as well as professionals with the ability to design financial products, and national employees of the existing financial system.
Description of Token (Utility/Use Cases):
Users will pay a portion of the transaction fee for any value commitment contract they trade. Fees are shared with ValPromise exchanges, agents, marketmakers and contract authors.
Template issue fee
Anyone can create a contract template, and in order to ensure that the template is not spammed,ValPromise will pay a portion of the distribution fee when the contract template creation takes effect.Based on the above token mechanism, the ValPromise value commitment agreement will be positively driven by the token economy. Encourage the generation of high-quality contract templates, encourage excellent agents to recruit more users, reward better quotations and market ,makers in order to improve the vitality of the ecology
Detailed Roadmap and Milestones:
Early April 2018
Hold a road show for ValPromise token, one-time created public chain, sell VPP tokens to the suitable people. When Value Promise Protocol was issued, the ValPromise service system of mobile terminal was launched.
Mid May 2018
The first weather insurance scenario application product goes online. ValPromise holders
can start trading in ValPromise financial contracts.
Late May 2018
Finish ValPromise project private raising
End of June 2018
Determine when ValPromise will begin trading on the first batch of digitally encrypted currency trading systems.
In July 2018
VapPromise exchange open trading first time
In August 2018
Complete ValPromise's mainstream futures, options, index insurance contract template online,mainstream index set goes online.
In November 2018
ValPromise block chain comprehensive business system was initially completed. Everyone can issue a commitment, everyone can believe in commitment, purchased contract is retransfered.
In December 2018
Continue to operate the ValPromise blockchain system and strive to achieve a steady increase in the market value of the ValPromise token system.
Core Members Introduction:
Tao Xiang | Big Data Senior Expert
Master of The Chinese University of Hong Kong,Ele c t ronic a n d Informat ion
Engine erin g , created two big data companies, Hexun Technology (global satellite big data monitoring service) and Weather Pal (global automated weather risk contract pricing and distribution service), led the team and expanded two segments of professional data service fields (commercial remote sensing agricultural application market and weather risk management market), he has years of accumulation in the design and implementation of technical structure of obtaining, management and analysis of a huge amount of data and data commercialization. As his business had outstanding performance in helping Chinese break the Western strategic data monopoly and creating new energy for economic growth, he was interviewed by “Topics in Focus” and “Forbes” in 2014 in turn.
A consecutive entrepreneur born in the 1990s, started entrepreneurship since she was a sophomore,and was awarded the second prize in Jiangsu Province College Student Technology Entrepreneurship, the project used to be a powerful competitor of “Eleme”, realizing the expansion of retail business by 90,000 people in three institutions of higher learning within a month, and the achievement of profiting in 3 months; early participant of virtual currency, in 2017, she joined a Singaporean block chain investment team (participated in projects such as Origin Protocol,Boosto, Inkl, Gifto, Market Protocol,and Artval), participated in the consulting, investment and international roadshow plans of the projects, with rich experience in block chain market expansion and operation.
Liu Shiming| Blockchain development engineer
Software Engineer master of South China University of Technology, certified by project professionals of PMP and PMI-ACP, six years of experience in financial product design and implementation, especially in the fields of loan, bills, payment, guarantee, and supply chain among other fields). Participated in the new core system design and development of many banks (HSBC, CGB, and Bank of China), familiar with the high realiability, serviceability and high performance structure in financial system. A quick learner, started scalping in 2013, have deep understanding of block chain. Passed certification of Hyper Fabric block chain, familiar with the development of Ethereum and EOS application. Contributor of Ethereum community; active in Gitter, an IM community of developers. Participated in the translation of “SAFe 4.0 Reference Guide: Large-scale Agile Framwork of Lean Software and Systematic Engineer”.
Wang Hui| Full-stack development engineer
Graduated fom Beijing University of Posts and Teleommunications. Worked for well-known companies such as Microsoft China and MooterMedia. During his work in Microsoft, she was mainly responsible for real-time bidding advertising system and data system. Before joining the team of ValPromise, as the CTO and architect of a leading digital marketing company in China, she was responsible for the design and realization of tens of millions of daily active commercialized
products and has rich and profound accumulation in algorithm, big data and AI. In 2015, she began to join the industry of block chain. She has rich experience in the development of block chain technology and has deep understanding of block chain technolgy.
Ai Di| Full-stack development enginner
Graduated from Dalian University of Science and Technology. He served in Alibaba, Taobao.com and Wandoujia of innovative workshop. During his stay in Alibaba, he was mainly responsible for algorithm and network development. During his stay in Taobao.com, his main directions are big data, high-performance service, data consistency and network QoS, etc. Before joining ValPromise,he worked as R&D leader of wandoujia, leading wandoujia data and algorithm group in technical research and realization of development. In 2015, he started to touch block chain, he has accumulated experience in mainstream digital currency and relevant block chain technology such as Bitcoin and Ethereum.
Token Contract Address:
The Verified Contract Source Code Link:
The Number of Decimals of Token:18
Max Supply: 5000000000
Circulating Supply:15000000 (2018.7.13)