The VOREUM VRT6 Token

An Asset Backed Crypto Token
VOLEREUM is utilizing the VOREUM VRT6 Token to transform one of the rarest precious gemstones stones, the VOREUM-RUBY, into an innovative, secured and highly efficient tokenized asset.

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The VOREUM-RUBY NFT is a unique Tokenized Asset

Blending Real Asset, DeFi tools, Art & Music – The VOREUM-RUBY is an NFT built on the VOLEREUM network with a clear focus on value, efficiency, and transparency. The VOREUM-RUBY combines the value and quality of a traditional asset, with the innovative advantages of blockchain technology, by pegging the NFT to the economic rights of a Ruby Specimen via the VOREUM VRT6 Token.

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Key Features & Functions

The VOREUM-RUBY NFT is combining blockchain technology with a tangible gemstone asset to create a secured, fully transparent, and efficient VOREUM VRT6 asset-backed cryptocurrency. 

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100% Backed by Real Asset

The VRT6 Token is directly linked to economic rights of a physical Ruby Specimen stone (i.e. Asset-Backed Token).

  • Each token represents 1 VTR6 Token  and the tokens are pegged to .00006667 carats of the VOREUM-RUBY’s Specimen.
  • Hence each VRT6 Token is 100% backed by the Ruby Specimen and its economic rights.
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Diversification & Hedging

Being pegged to a real asset which is uncorrelated to crypto prices, the VOREUM VRT6 Token offers a way to diversify crypto risk and market volatility, as well as hedge against inflation with a superior credit quality hard asset.

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P2P Exchanges & Payments

The VOREUM VRT6 Token is a digital asset which can be easily and securely transferred anywhere at any time, which can be used as a trustworthy medium of exchange for Peer to Peer (P2P) transactions, while its asset-based peg (hard asset specimen) is simple and transparent.

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Long Term Position & Value Creation

The VOREUM VRT6 Token offers a unique asset backed cryptocurrency that can offer long term stability and value through various economic phases. 

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What is The VOREUM-RUBY NFT?

The VOREUM-RUBY NFT is built on three key foundations:

  • An NFT backed by a real asset – a unique and non-duplicatable Ruby Specimen.
  • A DeFi instrument for passive income, rewards, and a trustworthy medium of exchange.
  • An Art and Music collection that will be compromised of multiple layers and designs representing and promoting the Ruby Specimen.

 

  1. 1 VOREUM-RUBY NFT = 1 Carat
  2. 1 VRT6 Token = $1
  3. $1 = .000239 Carats
  4. Total Carats: 358,500
  5. Total VOREUM VRT6 Tokens Allocated: 1,500,000,000
  6. VOREUM-VRT6 – Pegged by 100% of The VOREUM-RUBY Specimen’s economic rights
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Token Supply

The VOREUM VRT6 Token total supply is 500,000,000,000 however the total supply will be added to at various periods based on smart contact protocols. As such the VOREUM VRT6 Token will adhere to market forces. The VOREUM VRT6 Tokens that have been distributed from the total supply are directly and unequivocally linked to the weight of the VOREUM-RUBY specimen which is approximately 358,500 carats. This ensures a fully transparent and mathematical distribution of the VOREUM-RUBY’s economic rights.
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Stable Value

Historically precious gemstones stones have been used as stable and reliable stores of value; The VOREUM VRT6 Token is a representation of RUBY prices (1 of 3 key foundations), which have been very stable throughout all market conditions.

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The NFT World of Art and Music

Dynamic and continuous artwork and music in collaboration with independent and emerging artists and musicians, which will increase appeal for collectors, listeners and increase future value. In the coming phases various art and music related events will take place: online and live.

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The VOREUM- RUBY Asset

  • Natural Ruby – by GIA (Gemological Institute of America)
  • Extracted from a ruby mine in Tanzania region in eastern Africa 
  • Tanzania region is source for some of the world’s finest gemstones
  • 358,500 carats, 71.7-kilogram, Ruby Specimen
  • Appraisal value of approximately $1,500,000,000
  • The Ruby Specimen and associated documents are safely and securely stored in the United States of America, at a world-class safety house for extremely valuable gemstones and good

VOLEREUM TOKENOMICS

Token Supply

VRT6 Tokens: 500,000,000,000
NFTs: 358,500 NFTs
Protocol: ERC-721 + ERC-20

Presale

The Tokens are NOT being offered for Presale.

Launch

There is NO definitive launch date as the VRT6 Token has already been launched.

Technology & Security

The VOLEREUM blockchain is built on Polygon, a leading smart-contracts platform in terms of transaction finality and network liveliness, leveraging its most well-known standards, which enables composability across its ecosystem, namely:

 

  • ERC721: de facto standard for non-fungible tokens, applied in this case to signal physical ownership over a property
  • ERC20: de facto standard for cryptocurrencies in Ethereum based blockchains, also known as tokens.
  • EIP2325 & EIP1967: State-of-the-art approach that enables the protocol to evolve according to the needs of the current market.
  • Mult signature ownership: safeguards against hacks to individuals and their private keys that could compromise the project.

VOLEREUM

VOLEREUM is a blockchain development and digital asset management company with a focus on asset-backed tokens and NFTs (real asset tokenization). VOLEREUM attempts to bridge the gap between digital assets and real assets by introducing unique real assets, that are typically illiquid, to blockchain technology through the creation of innovative, secured, efficient and transparent tokenized assets.

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