Vaultoro

cryptocurrencyblockchain

FOUNDING YEAR: 2015
LOCATION: Germany
Last Update: 08/09/2020

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About

Vaultoro is creating the world's largest and most accessible allocated gold reserve for the blockchain and full reserve banking era. Banking 4.0

MEDICI Analysis

Vaultoro is creating the world's largest and most accessible allocated gold reserve for the blockchain and full reserve banking era. Banking 4.0

Focus

PRODUCTS & SERVICES

Vaultoro App for Bitcoin Gold Exchange

REVENUE MODEL

Company earns revenue by charging 0.25 % - 1% of transaction fee and .033% of monthly storage fee as well as a market maker spread.

MAIN CLIENTS

Retail Bitcoin consumers

PRIMARY PROBLEM SOLVED

1: Lack of confidence in the stability of useful blockchain assets. 2: People not trusting banks after 2008, Greece, Cypris and general lack of trust in the system. 3: Access to real-time full reserve banking

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

REVENUE COMMENT:

We are not only selling gold, we are selling what you can now do with gold. Once we build out the base marketplace, we have a foundation on which we will build a provable full reserve banking platform on wich anyone in the world can save in private gold and spend it at any time with only an internet connection.

TRANSACTIONS VALUE:

$12 M

TRANSACTIONS COMMENT:

We have over 1 million euros worth of gold in the Vaults wich has been traded in the markets over 4 times.

ACTIVE USERS:

3200

ACTIVE USERS COMMENT:

Our trading volume is growing 41% month over month

People

FOUNDERS

Joshua Scigala

Philip Scigala

BOARD MEMBERS AND ADVISORS

Joshua Scigala

Philip Scigala

Simon Dixon

NUMBER OF EMPLOYEES

1-10

Momentum

FUNDED

NO

TOTAL FUNDING

$50 K

DATE OF LAST FUNDING

2015

SEED & PRIOR FUNDING

$50 K

SEED CLOSED ON

Aug 2015

LISTED

NO

Innovation Programs

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Vaultoro

About

Vaultoro is creating the world's largest and most accessible allocated gold reserve for the blockchain and full reserve banking era. Banking 4.0

Focus

PRODUCTS & SERVICES

Vaultoro.com The global gold reserve for the blockchain era.

REVENUE MODEL

Company earns revenue by charging 0.25 % - 1% of transaction fee and .033% of monthly storage fee as well as a market maker spread.

TOP PROBLEM SOLVED

1: Lack of confidence in the stability of useful blockchain assets. 2: People not trusting banks after 2008, Greece, Cypris and general lack of trust in the system. 3: Access to real-time full reserve banking

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

We have bootstrapped everything between the two of us to get us to the point where we have traded over 4.7 million euros worth of gold and bitcoin. Next step is to open Vaulting contracts in Hongkong, Singapour and Germany as well as accept Euros, Dollars, Pounds and Yuan. At the same time as rolling those out we have great relationships with some of the largest blockchain wallets that want to integrate Vaultoro so people can receive digital currency from anywhere in the world but hold that value in allocated gold and then spend that gold as digital currency again when needed.

KEY DIFFERENTIATORS

100% customer property Secured in client's name as their legal property Real marketplace with price discovery Worldwide access even without bank account Instant deposit & withdrawal. Fastest way to buy gold in the world Lowest fees in the industry thanks to our technology Most transparent market exchange in the industry with Blockchain based proof of reserve.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Others

Consumer

STRATEGIC CLIENTS AND PARTNERSHIP

Number26 : Retail bank that will offer a gold savings account with our technology in the background.

bitbank : One of the largest blockchain miners in the world want to offer their clients an easy way to to deversify any minded value into gold and silver in a Hong Kong or Swiss Vault.

bitPesa : Full reserve gold retail banking though africa.

Traction

REVENUE COMMENT:

We are not only selling gold, we are selling what you can now do with gold. Once we build out the base marketplace, we have a foundation on which we will build a provable full reserve banking platform on wich anyone in the world can save in private gold and spend it at any time with only an internet connection.

TRANSACTIONS VALUE:

4.00

TRANSACTIONS COMMENT:

We have over 1 million euros worth of gold in the Vaults wich has been traded in the markets over 4 times.

ACTIVE USERS/ACCOUNTS:

3200 Million

ACTIVE USERS COMMENT:

Our trading volume is growing 41% month over month

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

We are primed for the explosion in smart contracts coming. Once we accept the Chinese Yuan and Euro markets we will open our Niche to a far larger potential

CHANNEL STATUS

INITIAL CLIENTS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

2234

People

NUMBER OF EMPLOYEES

1-10

TEAM COMMENT:

Joshua, Philip,David have the Skills, the Passion for changing the world,the energy to make it happen. What this small dedicated team have achieved, totally bootstrapped, is miraculous. Anyone who meets this team is blown away at how efficient, creative,passionate they are about banking the 5 billion underbanked,creating safer ways for people to secure,spend their wealth safely.

BOARD MEMBERS AND ADVISORS:

Joshua Scigala, Philip Scigala, Simon Dixon

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

YES

FUNDING SERIES