Vaultbank (VB) ICO

updated 24 October 2017

Vaultbank is offering asset backed security tokens, linked to Vaultbank's business lines

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Status: ended
Public sale: 13 Dec`17-18 Feb`18
Cap: 100 000 000 USD
Goal: 10 000 000 USD
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Vaultbank is a global investment firm, committed to sound financial investment and technological advancement. Unlike most cryptocurrencies that are utility tokens, Vaultbank is offering private security tokens, which represent beneficial ownership interests in non-voting equity shares in Vaultbank’s future revenue generating business ventures. These include, but are not limited to, an exchange that is in development, a debit MasterCard, and the Vaultbank Fund, which will be comprised of an asset backed credit portfolio. Vaultbank intends to build token value with its experienced management team and, subject to the board and holders of voting shares, pay quarterly dividends to its token holders. The Vaultbank investment opportunity is available to accredited investors per Reg D, Section 506(c) and Reg S, as an exempt offering. Vaultbank will create an asset backed credit portfolio by utilizing the expertise of the Vaultbank senior portfolio management team from established financial firms with the artificial intelligence and machine learning talent of Random Forest Capital, a San Francisco quantitative hedge fund. Vaultbank intends to then use a warehouse line of credit to provide leveraged returns for token investors. Further making cryptocurrency accessible to consumers, Vaultbank will be offering a debit card to facilitate purchasing everyday items using cryptocurrencies at point-of-sale terminals around the world. The Vaultbank debit card will allow cryptocurrency investors and consumers to facilitate foreign exchange transactions at highly competitive rates on seventeen (17) of the largest global currencies and to use their holdings as tender. Additionally, Vaultbank is in development on the Vaultbank cryptocurrency exchange, a secure cryptocurrency ICO investing and trading portal that plans to offer low transaction fees, reliable customer service, and access to other private security tokens offerings as well as trading of utility tokens.


I have spent so much time on reviewing this particular ICO and here is my expertise:

1) There are no community beside this project, BUT there are several amounts of cash-backed investors ( Some of them are accredited by SEC )
2) They have raised $2.3 M through pre-sale - PLUS
3) Idea is fully explained via WP
4) I like their partners ( Ambisafe, rendomforest )
5) The list of advisors is updating by the time

Look forward to seeing the development of the project and progress in communication with usual users like me.
Cryptobanking will undoubtedly be ever present in the near future and there are a lot of new ICOs trying to find their place in that space, all of them preaching the obvious: being able to pay with any cryptocurreny in our day-to-day life. I personally think that physical cards will be obsolete soon but Vaultbank chose to operate with them, creating the card delivery problem, especially for people living outside the US.  
Like every other cryptobanking startups, Vaultbank too, proposes their in-built exchange with low fees which will lower the movement of the assets, thus creating less fees. 
That being said, Vaultbank seems to have a trustworthy team behind, making the ICO reliable in this jungle of scammers.
My review includes following points:

1) Small team
2) Lack of community . ICO starts in several days and nobody knows about Vaultbank. Even on bitcointalk there is no official thread of this project. 43 followers in twitter , seriously?
3) 2,3 m raised , that is plus
4) 100 M hard cap looks unachievable
5) In their WP stated, that tokens backed by credit assets with quarterly dividends, as well as a crypto trading and investing terminal, and debit cards. But it is complicated to cover all areas. Projects like this should stress their advantage,  make an effort on one direction and show MVP.

From my point of view , that is a scam project