Virtual Reality Games: A Visionary and futuristic company
We are delivering the perfect ultimate VR experience to video gamers
Founder and CEO of Virtual Reality Games. Strategic mastermind with 10+ year in marketing, IT and financial education. Climb Everest and fly to outer space is on Michael's bucket list. Proficient mountaineer and student pilot. Michael dream is a united world with no borders and boundaries. He's globalist and integrator after all.
Dmitriy is Universal location manager, shareholder and system administrator. Logistics and optimization is his cornerstone. Give Dmitry a VR headset and a couple of hours and you'll probably witness a new way of setting up VR gear in a way that was never tried before. Creatively solving problems and finding new ways of doing old good things; Dmitry likes marketing, growth hacking, business fast-tracks and loopholes. If anything, you can find him in a stable. Dmitry has passion for horses
- Purchase of Equipments (70%)
- Share of the company to be distributed (30%)
Cost of the token1 token for 1 $
Price without discounts
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Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
Rate the project by other users4
It's very promising project, which deserves the closest attention. The team is based in Los Angeles and has been working in the game industry for more than two years, and they are going to supplement their games with the virtual reality effect.
Risks and disadvantages
I don't see any cons in the project; it can be said that everything is calculated really detailed, and team's practical experience tells us that all the implementation moments are thought through to the smallest detail and there will be no problems with it.
No doubt, that this project will achieve success in the short term and it makes sense to invest funds in it. Computer game industry is quite promising and a fast-growing segment of the economy and games with the virtual reality effect just beginning to conquer the market and they're the future.
The company already conducts a successful business with stable cash flows, the founders of the project have many years of experience in marketing, IT and finance. There is a detailed whitepaper that contains information about the company's development strategy, marketing plan, that allows investors to better learn the ICO project.
Risks and disadvantages
There is no detailed scheme for the distribution of tokens, it can cause doubts about the transparency of the project, because it is unclear what percentage of tokens for thу crowdsale and for the team. Also I think the team needs to add funds for the development of the project in the budget distridution scheme.
VR Games already has a working and successful business model, which increases the reliability of investments in this project. In any case, there are also risks due to high competition in this area. The project team should do a great job, so that the project will soon recoup the investment.
The project has a variety of social networks, which means that marketing department is doing nice job. Moreover, they have a phone number to call.
Risks and disadvantages
No information about soft and hard cap. Also nothing mentioned about advisors and partners.Roadmap is without dates.
I would not recommend to invest in this project, because the idea is not clear. It does not have even a demo version of the platform. There are many other projects, where ICO has finished and they are more successful.
The project is already established and has a potential market base. It will enhance and improve the gaming sector. With the increase of gamers in the society and the growth of the gaming industry therefor a ready market is assured. The project also has no major competition and is likely to enjoy monopoly. The project accepts major cryptocurrencies which will enable it attract potential investors. The price of the VIR token is relatively low which will entice many investors at different investment rates.
Risks and disadvantages
The project has extremely low statistics which will hinder the desired growth. The project might affect the health of the users.
Their is extremely high competition in the current market which will require extensive market research and high marketing techniques so as to standout from the crowd as a legitimate project To minimize risk of incurring loss the project can set high token price which will enable the setting up of a strong financial base, incentives can be given to the existing members and new ones to entice more investors so as to increase the number of user. With the existing market of gamers the project might prosper well with minimal competition and will thrive to the top.
How is the collected cryptocurrency regulated by the tax authorities?
The regulation from the tax authorities depends on your country of residency. Please study the applicable laws before contributing to the VR Games ICO.
Is VIR ERC20 compliant?
Yes. It is compliant with ERC20 standard.
What is a smart contract?
A smart contract is a computer protocol intended to facilitate, verify or enforce the negotiation or performance of a contract.
Where and how to store VR Games tokens and receive benefits?
At the end of a financial year 20 % of distributable funds of VR Games are transferred to the Ethereum (ETH) wallet containing the smart contract. The ETH is then redistributed proportionately to all holders of VR Games tokens according to smart contract conditions. In order to receive the benefits, VR Games has to be stored on an Ethereum wallet.
How can I use the VR Games tokens after the ICO?
After the ICO, the VIR token will b e listed on the cryptocurrency exchanges. The holder s of VR Games tokens will be granted with annual benefits. VR Games token holders can also get benefits from trading on the cryptocurrency exchanges.
Will there be an additional issue of tokens?
The total number of tokens will be determined by the results of the ICO.
How many tokens are issued during the ICO?
During the VR Games ICO, the initial tranche of 500,000 VR Games tokens would be available.
After the ICO , all the unallocated VR Games tokens will be destroyed.
How can I get VIR tokens through cryptocurrency?
ou can get VIR tokens in exchange of BTC or ETH on our authorized websites or cryptocurrency exchanges. Please remember to add your wallet’s transaction fee to the total amount, calculated after translating the rate of VIR token at a pric e of $1 USD per VIR token in to the prevalent rate of the cryptocurrency.
We advise you to contact your wallet provider to know the recommended fee. The total amount in cryptocurrency will be locked at the moment the order is created and will remain locke d regardless of the currency’s exchange rate fluctuations.
What are the bonuses for contributors?
Bonuses will be available during the first two months of the c rowdfunding. We plan to offer up to 15% bonus in the first month of ICO and up to 10% in the second month to attract the various contributor s to our token sale. We plan to offer no bonus in the third month.
We plan to offer 10% bonus for affiliates and referral.
VR Games may determine in its absolute discretion that any othe r bonuses may apply during the crowdfunding.
How will the funds collected during the ICO be used?
The funds will be used primarily for development and creation of assets, with a small portion allocated to the establishment, marketing and business development.
The funds would mainly be used for expansion of the Virtual Reality Games through more VR stations and increase in the capacity at the existing locations.
We also intend to open VR Games branches on the new locations depending on the total funds raised.
What is the minimum investment?
During the ICO 1 VR Games token has a price of $ 1 USD. The minimum single lot available for crowdfunding is 100 VR Games tokens or $100 USD.
What if the fundraising goal is not achieved?
Our strategy has a built - in flexibility. This would help us in case of the less funds being raised through the ICO. We will deploy each dollar of the funds raised in th e productive and profitable use. But by participating in th e c rowdfund ing, the participants/contributors acknowledge their risk that VR Games is not required to provide a refund.
We have a modular and phase wise plan for the use of the financial resources for the expansion of Virtual Reality Games. This is due to the fact that we can buy as many VR stations as the funds allow.
What is the fundraising goal of VIR ICO?
The initial fundraising goal of VIR ICO is $500,000 USD.
What is VR Games token value proposition? Why should I trust VIR tokens?
Your investment is covered b y real assets and physical VR Games arcades and facilities .
VR Games has a proven and successful business model.
VR Games is operating a successfully running business with steady cash flows in future.
You can also benefit from the appreciation in the value of the token due to the rising price of the token.
The token holder s will also receive benefits from the profitable operations of the company.
You can sell and exchange VR Games tokens any time at the cryptocurrency exch anges to liquidate your VIR token holdings and get cash.
More token usage options will be available in the future as VIR tokens become popular like third party transactions.
What is the expected value of VR Games token?
The initial price of 1 VR Games token is fixed at $ 1 USD during the ICO. Once it is listed at cryptocurrency exchanges after the ICO, the value is expected to increase to higher levels.
How to get the VR Games (VIR) tokens?
You can get the VIR tokens through our authorized websites. During the ICO you will be able to get VR Games tokens using the appropria te payment methods in exchange for the BTC, ETH and fiat currencies like USD, Euro, etc.
What are the VR Games (VIR) tokens?
VR Games (VIR) tokens are the digital currency tokens built on t he blockchain technology i.e. Ethereum blockchain. VIR will be simulated as an ERC20 token, which means that users will be able to send and receive them on all ERC20 compliant wallets.
The Ethereum platform will facilitate the launch of VIR token s for global use as a common standard. The ERC20 standard allows VIR to immediately work with all decentralized apps that also conform to the standard, which means th at numerous wallets can hold VIR. It also means that VIR is easily exchangeable with other cryptocurrency tokens that comply with the ERC20 rules, including the Ethereum token – Ether.
What is VR Games Initial Coin Offering (ICO)?
VR Games Initial Coin Offering (ICO) is a model of crowdfunding to fund the expansion of VR Games. VR Games is issuing VIR tokens in exchange for the funds of the contributors.