What would be the benefit of a regular crypto user from this project? Aside from the trading side, would this affect our daily lives if purchased? With so many tokens to look forward to, how can you convince such a regular crypto user to invest on your project?
We think that it's in everyones interest in the crypto world to achieve a wider acceptance of cryptocurrencies and smart contract functionalities in the "real world"
The VLT Token empowers the sophisticated ecosystem of accessible and affordable conventional contracts (with or without smart functionalities) and legally binding and enforceable truly smart contracts. The Contract Vault platform allows you to include your cryptocurrencies in real world agreements, for example by creating legally binding agreements using cryptocurrencies as a security, as a payment option to be executed via smart contracts on the basis of conditions set or for escrow purposes.
I hope this helps. Just let me know should you have any further questions.
So you're saying that contract vault could eventually let you do small loans against your cryptocurrencies? or like peer-to-peer lending?
Seems that it's part of their plans. But it means, someone needs to buy their tokens first before creating such agreements. And for me, it's bit complicated. Because if you are entering legal contracts, usually you need physical presence at one point. So why not simplify your life, just use your fiat money instead. With this, you have fiat money to buy tokens and then enter legally binding contracts. Somewhere there, you lost a portion of your money. But maybe, this has specific advantages in very few occasions. So it means the usability of this project is not that much which would affect the price in exchanges in the future.