The Verto platform was created to service a growing need from users to avoid excessive fees and time associated with sending FIAT currencies across boarders. The way Verto platform works is such that a user logs into the Verto system and then links Verto to bank account. The user then transfers funds from bank account to Verto account. The funds transfer using the built in exchange functionality of Verto. Funds are then converted back to FIAT at the recipient’s currency into a Verto account. Funds are then transferred to destination bank account.
Verto is a ERC20 token and as part of the Token creation, holders of the token will be compensated for their trust and loyalty of the platform. Compensation returns will be finalized prior to ICO launch currently it is estimated to be a 6% return per annum.
Token holders will be compensated based on utilization of the token as transactions will generate transaction fees and those in turn will be paid back to token holders.