Valued at circa $3.6 trillion
Created by Veterans International Petroleum Services LLP (VIPS LLP), VIP$ Coin is collateralized against tangible natural assets over which VIPS LLP has secured legal rights.
VIPS LLP has made binding Lease Agreements covering 900,000 acres of land with subterranean oil, gas, coal and other natural reserves including Coalbed Methane, Bentonite, Limestone, Dolomite, Gypsum, Zeolites, Pumicite, Building Stone, Uranium, Helium and Nitrogen.
The quality and volume of these assets has been verified by the US Geological Survey and have been independently valued at circa $3.6 trillion.
One currency, many uses
Being built with the security and functionality of blockchain technology on the Polygon (Ethereum) platform, VIP$ Coin benefits from a more focussed, reliable and familiar transaction platform, with stronger Transaction Process System (TPS) than, for example, BITCOIN. This increases the potential range of use cases for VIP$ Coin, and makes it far more usable in everyday transactions, such as:
- Real-time retail transactions
- Rapid switching from volatile FIATs, cryptocurrencies and other assets
- Bridging between FIAT (conventional, government issued) currencies to eliminate FOREX fees
- Ideally suited to DeFi (Decentralized Finance) platforms, minimizing transaction fees when switching between tokens and ensuring immediate availability of funds
- As a held asset with greater medium term growth potential than stablecoin, and lower volatility potential than Bitcoin and other non-asset backed cryptocurrencies
Humanitarian
Good for everyone
We believe VIP$ Coin can be good for everyone and through the initial investments in VIP$ Coin, money is being generated to help some of the world’s poorest communities.
Alongside our environmental commitments, humanitarian support is a cause dear to the heart of our founders. VIPS LLP will donate 20% of the proceeds from the sale of the founders VIP$ Coins to humanitarian causes. The funds are to be distributed to support a range of initiatives undertaken globally under their auspices of UNIHRC to improve the health, welfare and education of some of world’s poorest communities.
You will find details of the latest humanitarian initiatives supported by our donations and your investments in our news, which will be coming soon.
Press releases
Crypto For Good | How blockchain technologies become socially responsible
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