Mission Statement: Vrenelium
Why another blockchain technology? Why Vrenelium? We are excited in block chain technologies since the public recognition of Satoshi Nakamoto’s whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System”. The nearly limitless potential of an open, free, decentralized peer-to-peer protocol was soon quite obvious. So we did a lot of research at contexagon labs to understand, apply and improve the blockchain technology for our specific needs.
What we offer during the ICO stage is the possibility to be part of a fast, safe and easy-to-use blockchain technology and cryptocurrency initially developed as a blue friday research project by the Swiss company contexagon GmbH and is now runned and advanced by the Swiss Vrenelium AG.
Currently we are documenting our research findings and the mission of Vrenelium in a whitepaper that will be found here soon. The ICO will be started as soon the whitepaper is online and legally approved by the Financial Market Supervisory Authority.
The amount raised during the ICO will be transparently used for development, infrastructure, marketing and legal consulting. As soon as Vrenelium Blockchain und Helios Smart Mempool are up and running in a decentralized network, the ICO tokens will be converted one by one into Vrenelium.
Recently there are countless cryptocurrencies out there. Many of them want to be the next Bitcoin or Etherium. A few try to sell strange trainings about their currencies and use centralized and/or secret algorithms. Vrenelium is open source, its protocol is free, we won’t try to sell any training or other obscure stuff and do not pursue any shady distribution methods such as snowball, pyramid or any other form. Our goal is to develop a real 3rd Generation Blockchain and Vrenelium will be traded exclusively on the regular exchange platforms for cryptocurrencies after the completion of the ICO and the development of the ecosystem.
With Bitcoin, for instance, the transaction fee nowadays is so high that smaller payments could not be made economically. One of our mission goals for Vrenelium is keeping the transaction fee as low as possible for small transaction volumes. This will be achieved with support of our machine learning platform “Helios”. Larger amounts have to be secured as good as possible. So Vrenelium is still very attractive for miners all over the world.
We also attach great importance to sustainability. With the electricity currently being spent on the mining of the leading crypto currencies, a complete smaller state could provide all its private and commercial consumers. From our point of view this is an intolerable situation. We have therefore decided to cooperate with international and, where possible, independent research facilities. The computing power and thus the energy that is used for mining should be provided at the same time to non-profit projects such as cancer research (eg Folding@home), climate research, SETI, welfare aid and similar initiatives. Details on the implementation will be released in our whitepaper. Contact to interested non-profit projects is already very welcome. Just contact us.
Vrenelium is a real Swiss blockchain technology – safe, transparent and decentralized. So we named Vrenelium after the legendary Swiss gold coin – the Vreneli.
News about Vrenelium
First we want to thank every Pre-ICO token owner very much for your trust joining our Pre-ICO for Vrenelium! Especially in this really early stage you helped us to set the financial basis for our next steps. Thank you! We are happy to announce that this Pre-ICO was quite successful and our project will continue.
Here are our next steps:
– We are quite busy with development, testing, legal frameworks (SRO) and many other Vrenelium related tasks. So that we are really ready for the best result we are going to start the actual ICO in the second half of 2018.
– As soon as the wallet for Android and iOS is ready and the Vrenelium Block Chain starts working you’ll get your real Vreneliums for your Tokens. We are trying to display the development progress transparently in every stage.
– In the mean time we are hiring additional software engineers, machine learning wizards, security and crypto heroes, marketing pros. More news on that and other topics follow soon.
– The white paper will be found here from July 1st, 2018.
We are very happy that you are accompanying us on this exciting journey.
Sascha P. Lorenz, M.Sc.
Co-Founder, Senior Software Engineer, Big Data and Machine Learning Technologies