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San is there a platform in place like an app or website that VLRM can operate from?
Read English… a website or app. Platform not the exchange itself . The Api will be easy , it’s the plumbing behind. A lot of software and tech is used by gatenet already, plus GSX platform already has the hosting foundations. I can go into more detail as I’m an IT programme manager deploying big infrastructure projects, requiring some similar solution architecture
San
No you idiot 400-800 build the app. Read the thread. He was asking about an app. You are some kind of simple. You now don’t understand the difference between an exchange and an app… oh my days it gets worse. The exchange will take longer but as I posted we are advanced because of the purchasing of an existing platform and use of gsx group tech ( not confirmed)
Somebody help me out with some crayons and paper. Make sure they are edible
San
Again no clue. It takes around 400-800 to build a trading platform app as per google and also I have a friend who Manages the delivery of trading platforms in Saudi Arabia and he confirmed that they are relatively simplistic. The key is the actual plumbing in the backend where VLRM have an advancement because they are buying an existing exchange and will probably , Not confirmed, use a node hosted on polymesh. That will be GSX group to deliver that if that’s the way forward
San
Anyway Vanns, ignoring the pointless drivel and stupid comments, back to your question. They could use the VLRM website but I imagine they will set something up that’s new as it will allow them to host all flavours of their products, specifically gsx, NFT marketplace and the VLRM wallet. Interestingly they could work with Quetzal to increase growth through transactions between fiat and crypto if that’s what investors on the VLRM exchange side see as value. Quetzal growth seems to be going well so would be beneficial to both sides of the fence.
San
The interface will need to be created I guess, but it will effectively direct you to the platform that is the GSX platform converted and hosted on the blockchain. Lots of guessing work that this will be on polymesh blockchain as gatenet ( owned by GSX group) already have a node hosted on the network. Remember we are buying 10% of GSX group. Nobody really knows until the plan is published… this is the full IP of VLRM ( the full end to end offering). I assume that the marketplace will also be on a hosted node, with the VLRM wallet.
San
I will try and help them out of that hole as I believe VLRM will allow trading back from FIAT to crypto through the exchange but it’s just a side bonus to the actual trading of the token which will ultimately be a bunch of shares in something or a debt bond. I actually prefer the bond benefit as you can loan against that bond which would be revolutionary for those looking to borrow money for a house using crypto bought product. Great tax implications in that and protects your crypto portfolio
San
For any investors who are interested in wider market news, take a look at Quetzal RNS. Fully regulated exchange agreed with GFSC. They have a crypto- FIAT exchange fully regulated. This is good news for the whole GIB crypto strategic drive
San
So MAP only forms part of the USP. You have to add to the mix the existing Gibraltar exchange as an existing entity in its own right with hosted bonds and securities that can be bundled up and traded immediately. You then need to add the existing Crypto framework and Gib government pushing for it becoming the crypto hub of the world (Check out statements made by Albert Isolda the Gib digital and financial service minister). Final point is the 10% GSX group ownership and Gatenet as a node on the blockchain... Thats a biggie for me
San
Its just where i got the info from, but you can find it on other sites like Bloomberg. Do i think he has done some shady stuff in the past? Perhaps, as have many directors of successful companies. I would question this though as he is a barrister by trade so imagine knows the law pretty well. Do i care? If he delivers on building Valereum valuation then im not too concerned about any historical activities. Just my opinion.
San
Take a look at Black Swan PLC intro to RP and it gives some detail on his success.. Interestingly Sirius was £2m valuation when he took it on and it hit £200m (Think he left before it hit that, but somebody can confirm the valuation it hit under his tenure)
San
Not sure who is representing VLRM at the Mattereum event, but if im honest it only forms a small part of the puzzle. The MAP tech will be used to ensure the asset authenticity and ownership, unless Mattereum will be taking a big position on the NFT Marketplace build and procedure. I think Richard has been in "other meetings" and will leave it there. If im honest Richard has an interesting history, but everywhere he has gone money, buyouts and mergers have followed that have increased valuations of companies. You can check out his CV where he drove market valuation of SIRIUS significantly higher before leaving and the company collapsing under Chris Frazer. He also had one of the most successful hedge funds but i cant remember if that was in his JMI days.
His success is through company acquisitions and mergers to increase valuation. If he sticks to that and lets Patrick run things from an exchange perspective then im more than happy with the board structure. Its also reassuring to know that they have Hassans, who helped shape the existing crypto framework in Gib, helping address regulation questions
San
Really? I found loads of stuff on him. Wiki market has some stuff with regard to him as CEO of SIBEX and non exec at liquidnet and references linked. His LinkedIn CV on his jobs will give you more information if you have access
Would strongly suggest you listen to his cityam interview given in 2020 where he talks exchanges and plumbing of financials
San
Let’s get this clear. The group is an investor group so will be pro VLRM, but there have been numerous debates in there on negative points with the company. They are discussed and differing views are accepted. People posting moaning about the SP and news delays need to provide a structured view and not just moan.
With regard to a chairman or the bod posting on an open telegram group is perfectly fine as long as long as it’s not SP moving info. The bod have never breached any info regulations posting in there. I would strongly advise all investors join that group as all research is pinned and investors help each other out with company info, market mechanics, L2 etc
Most things posted on here add no value
San
Not sure i commented on that below did i? I responded to your VLRM party point. That was organised a while back and had nothing to do with news statements. Its an opportunity to meet people who all have an interest in VLRM and can just enjoy an evening. Anyway pointless conversation having no value to potential new investors wanting to know about the company
San