Mission Statement: Vrenelium
Why another cryptocurrency? 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 I stage is the possibility to be part of a really fast, safe and easy-to-use cryptocurrency developed as a research project by the Swiss company contexagon GmbH, founded back in 2014 in Kreuzlingen, Switzerland. contexagon provides solutions around machine learning, big data technologies and location based applications, is creator of Copernicus Pro and Copernicus World and is involved in public research projects.
Currently we are documenting our research findings and the mission of Vrenelium in a whitepaper that will be found here soon. Therefore we have decided to split the ICO in two parts. The Pre-ICO (ICO I) is running prior the release of the whitepaper, ICO II will be started as soon the whitepaper is online.
The amount raised during ICO I (Pre-ICO) and II 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 trade Vrenelium exclusively on the regular exchange platforms for cryptocurrencies after the completion of the ICO.
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 contexagon’s 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 cryptocurrency – safe, transparent and decentralized. So we named Vrenelium after the legendary Swiss gold coin – the Vreneli.
Maurizio Tidei, M.Sc.
Co-Founder, Senior Software Engineer with Specialization in Security and Cryptography
Sascha P. Lorenz, M.Sc.
Co-Founder, Senior Software Engineer with Specialization in Big Data and Machine Learning Technologies