Virtonomics ICO and Review

Virtonomics VICoin ICO Review

What is Virtonomics Business Game Simulator and ICO?

The name reminds me of Virtual Economics. Because quite frankly that is what it is.  Virtonomics is a business with a history and they are now launching the Vicoin ICO. Here is where it differ from other businesses that are launching ICOs.  Virtonomics is not a new business. They have been in the virtual economy development business for 10 years with over 2 million registered users.  It is a place where the members can simulate businesses and quite frankly it took me a few days to get it because there are so many parameters to set.

Virtonomics Key Facts
Virtonomics Key Facts

Over the past 2 weeks, I have gotten addicted to an online game rightly named Virtonomics. Here is a screenshot of my dashboard. I have to step it up because my business operational efficiencies are close to 100% in each of my subdivisions BUT my profit margins aren’t that great.  It is fun learning this game but there is so much I haven’t explored. TRY IT! It is exciting and a very challenging and fun learning experience.

Virtonomics BackOffice Dashboard
Virtonomics BackOffice Dashboard

In addition, they have a very extensive Wiki

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Virtonomics is an active project in the virtual economy development space. This year, 2018, the owners decided to expand the functionality and to introduce a new concept called “digging”. “Digging” allow the business game players to earn the local currency Virts, which can be exchanged for Virtonomics VICoin cryptocurrency.

Again, Virts are rewarded during the game which can be converted to the cryptocurrency, VICoin (VIC) in a realistic business simulation where users build and expand their virtual companies, trade and compete with each other, and develop the business ecosystem in the virtual economic environment. The resources and tools for generation and digging of the “fuel” are special game entities purchased for VIC tokens (such as virtual mines extracting natural resources, virtual mining farms, virtual power plants etc). The volumes of “fuel” production for Virts cryptocurrency depend on the success and competitive position of a player’s virtual business, and on the quality and amou nt of mining assets owned by the user. The user can convert each 100 Virts earned in the economic simulator into one VICoin (VIC) and spin it off the game to the outer market to earn real money.

As you may know, I get excited about projects which focuses on “mass adoption”. For example. Electroneum

The essence of our concept and Virtonomic$ platform can be summed up in a simple formula:CRYPTOCURRENCY =BLOCK MINING +RESULTS OF PURPOSEFUL HUMAN ACTIVITIES,UNDERSTOOD BY AND COMMON TO A LARGE NUMBER OF PEOPLE

So what problems is Vitronomics trying to solve?

Virtonmics to Solve Problems
Virtonomics to Solve Problems

How do they propose to solve this problem?

Virtonomics Solution
Virtonomics Solution

The concept of “Digging” allows the game players to be rewarded with Virts without having to contend with expensive and power-heavy cryptocurrency mining. Yet, the Virtonmics cryptocurrency is mineable for those miners who choose to go the traditional route.

VICoin (VIC) Initial Coin Offering (ICO)

Virtonomics VIcoin VIC ICO
Virtonomics VIcoin VIC ICO
  • world-famous proven project with over 10 years in the market.
  • amazing MMO business simulation with a customer-base over over 2 million registered players
  • actively used in educational institutions and companies worldwide for teaching the basics of economics and business using simulation
  • radically new model of cryptocurrency generation ‘digging’, which makes the process of its earing rewards available to their members/customers/players
  • experienced executive management team, top-level advisors, including Simon Cocking, one of the most famous and authoritative journalists in the subject of blockchain and cryptocurrencies, with the highest expert rating (N1) ICOBench.

The total amount of VICoin to be issued is set at 800,000,000 (800Million).

The  VICoin token pool volume is 2,400,000 at the Pre-Sales
Two pools of tokens are designed for the Pre-Sale:
1. VIC 480,000 at the rate of USD 0.2 – SOLD OUT
2. VIC 1,920,000 at the rate of USD 0.3 – SOLD OUT
VIC issuance for the Bounty Program at its Pre-Sale stage is limited to 800,000 tokens (transferred to Virtonomics user accounts as Virts)
  • Referral program (limited to 240,000 VIC tokens) gives members 10% of Virts purchased by users attracted via personal link
  • The remaining 560,000 goes towards other bounty-related programs – see white paper.

The number of tokens in the Pre-ICO will be 40,000,000 named VIC.
The pre-ICO phase has launched today and there are 27 more days before it is over… from February 01 2018 – February 28, 2018.

Right now, I have posted a message on the corporate facebook page asking this:

Quick question: I read 800,000,000 (800million) total tokens. Then I read that there was 675,000 in loyalty pre-sale and 2.4million in the pre-sales pool. There there is 800,000 in the bounty program and 40,000,000 (40million) in the Public ICO.

I added that up and I get 43,875,000 (43.875Million) tokens.

That is 5% of the total supply of 800million. So where does the other 95% go? I read the bounty program document AND the White paper page 19. I see the pre-sales ICO and public-ICO funds raised percentage breakdown, but I don’t see where the other 95% of the 800million tokens are allocated.

I like the platform and I see the future potential. I am just a little confused and am looking for clarity.