Vangold Whitepaper

What is Vangold

Friends, imagine when we look for someone online to help with tasks like designing a logo or writing an article, we often have to go through certain platforms. These platforms act as intermediaries and charge considerable fees. Vangold (project abbreviation: VGD) is a project aiming to build a fairer and more cost-effective “freelancer marketplace,” allowing everyone to pay less “toll” when trading on the platform.

What’s more, Vangold has designed an interesting reward mechanism. It’s like an “active user points system”: as long as you buy, sell, or transfer VGD tokens on the BNB Smart Chain, for every 100 such transactions you complete, the system will automatically reward you with some BNB tokens (BNB is the main token on the BNB Smart Chain, which you can think of as the “gas fee” or “universal currency” of this chain). It’s like shopping at a mall—every time you reach a certain number of purchases, the mall gives you some shopping vouchers, encouraging more participation. So, the VGD token is not only the medium of exchange in this “freelancer marketplace,” but also a tool that lets you earn extra rewards through active trading.

In short, Vangold is a blockchain-based project with two main directions: first, to provide a low-cost trading platform for freelancers and employers; second, to encourage users to actively use VGD tokens on the BNB Smart Chain through a unique transaction reward mechanism.

Project Vision and Value Proposition

The vision of the Vangold project is to break the “monopoly” of traditional intermediary platforms, so that freelancers can keep more of their hard-earned money instead of being exploited by high commissions. It hopes to use blockchain technology to make transactions more transparent, efficient, and lower in cost. It’s like turning a market full of middlemen into a direct sales market where everyone can connect directly and pay less.

Its core value propositions are:

• Lowering transaction costs: Traditional freelancer platforms charge high commissions, while Vangold aims to leverage the low fees of the BNB Smart Chain to significantly reduce user costs during transactions.
• Incentivizing user activity: Through a unique transaction reward mechanism, users are encouraged to actively participate in VGD token trading and circulation, thereby promoting the development and growth of the entire ecosystem. It’s like giving “red envelopes” to community members, motivating them to use and promote the platform.
• Enhancing transparency and trust: Blockchain technology is inherently open, transparent, and tamper-proof. Vangold aims to use this to enhance transparency and trust in asset management and transactions.

It’s worth noting that although some sources mention Vangold’s past association with “gold-backed assets,” more detailed and active information currently points to its freelancer platform and transaction reward mechanism on the BNB Smart Chain. This may indicate a shift in project direction or the existence of multiple projects with the same name. Here, we focus on the Vangold on the BNB Smart Chain, where information is richer.

Technical Features

The technical core of the Vangold project is like the “high-speed train” it chooses to run on. It mainly operates on the BNB Smart Chain (BSC). The BNB Smart Chain is a very popular blockchain platform known for its fast transaction speeds and low fees, which is crucial for a freelancer platform and reward mechanism that require frequent transactions. You can think of it as a very busy yet smooth highway that can handle a large number of vehicles (transactions) with very cheap tolls (fees).

Specific features include:

• Based on BNB Smart Chain: The VGD token is a BEP20 standard token, meaning it complies with the technical specifications of the BNB Smart Chain and can be easily used and traded within its ecosystem.
• Smart contract-driven reward mechanism: Vangold’s transaction reward system is automatically executed by smart contracts. Smart contracts are like “code agreements” on the blockchain that execute automatically—once preset conditions are met (such as completing 100 VGD transactions), rewards are automatically distributed without manual intervention, ensuring fairness and efficiency.
• Audited security: The project team states that Vangold’s smart contracts have undergone comprehensive independent security audits. This is like conducting strict safety checks on a high-speed train to ensure reliable and safe operation.

Tokenomics

The token of the Vangold project is what we call VGD. Its economic model is like the “currency” and “points” rules in this “freelancer marketplace.”

Basic Token Information

• Token symbol: VGD
• Issuing chain: Mainly operates on the BNB Smart Chain, following the BEP20 standard.
• Total supply: The total supply of VGD is 1,000,000,000 (1 billion) tokens.
• Current and future circulation: The team reports a circulating supply of 145,000,000 VGD.

Token Utility

The VGD token has several main functions in this ecosystem:

• Medium of exchange: On the future freelancer platform, VGD may serve as a payment and settlement tool for transactions between employers and freelancers.
• Reward mechanism: This is one of the most explicit current uses of VGD. Users who buy, sell, or transfer VGD tokens on the BNB Smart Chain will automatically receive a reward of 0.0004 BNB for every 100 transactions. This encourages the use of VGD—the more you use it, the more BNB rewards you get.
• Potential governance participation: Although there is little information at present, some blockchain projects usually grant token holders the right to participate in project governance, such as voting on project development directions.

Token Distribution and Unlocking Information

There is no detailed public information on the specific initial allocation ratios of VGD tokens (such as team, investors, community, etc.) or the unlocking plan. However, through the transaction reward mechanism, a portion of BNB is distributed as rewards to active users, which can be seen as a continuous token incentive and circulation method.

Team, Governance, and Funding

The team and management of a project are like its “brain” and “skeleton.”

Core Members and Team Features

Currently, public information does not list the specific names and backgrounds of Vangold’s core team members. However, it is mentioned that the project was developed by a team of “financial and blockchain experts.” A strong team is key to a project’s success, but the lack of transparent team information may cause concern for some.

Governance Mechanism

There is no detailed information on Vangold’s specific governance mechanism, such as how token holders participate in decision-making or whether there is a decentralized autonomous organization (DAO). Typically, blockchain projects allow community participation in governance through token voting, but whether Vangold has established or plans to establish such a mechanism requires further information.

Treasury and Funding Runway

There is also no mention in public information of Vangold’s funding sources, treasury management, or project operating funds (runway). This information is important for assessing the project’s long-term sustainability.

Roadmap

The roadmap is like the project’s “navigation chart,” indicating where it plans to go and the important “ports” it will pass along the way.

Historical Milestones

• Launched in 2021: The Vangold token (VGD) was launched in 2021.
• Running on BNB Smart Chain: The project operates on the BNB Smart Chain (BEP20) and has deployed smart contracts.
• Listed on exchanges: Shortly after launch, the VGD token was listed on several cryptocurrency exchanges to increase its visibility and adoption.

Future Plans and Milestones

According to available information, some of Vangold’s future plans include:

• Launching a decentralized exchange (DEX): Plans to launch a DEX to enhance liquidity and user participation within the ecosystem. It’s like building its own “trading hall” to make VGD token trading more convenient.
• Expanding partnerships: Plans to expand partnerships to broaden the use cases of the token, especially in digital asset management. It’s like collaborating with other “companies” to widen VGD’s application scope.
• Community education programs: As part of its community goals, Vangold is also committed to educational outreach to help users understand blockchain technology. It’s like holding “science lectures” to raise community knowledge levels.
• Ongoing transaction rewards: The current transaction reward mechanism will continue to operate to incentivize user activity and promote ecosystem growth.

Common Risk Warnings

Investing in any cryptocurrency project comes with risks, and Vangold is no exception. It’s like riding a roller coaster—exciting, but with potential dangers. Here are some common risk reminders:

• Technical and Security Risks:
  • Smart contract vulnerabilities: Although the team claims the smart contracts have been audited, any smart contract may have undiscovered vulnerabilities. If exploited, this could lead to loss of funds.
  • Blockchain network risks: The BNB Smart Chain itself may face network congestion, security vulnerabilities, etc., which could affect VGD token trading and usage.
• Economic Risks:
  • Price volatility: The cryptocurrency market is extremely volatile. The price of VGD tokens may rise or fall sharply in a short period, or even go to zero. Like the stock market, prices are affected by many factors and are hard to predict.
  • Liquidity risk: If VGD’s trading volume is insufficient, you may have difficulty buying or selling tokens at a reasonable price when needed.
  • Market recognition: VGD’s market value is not widely recognized at present, and its market ranking is low. The project’s success largely depends on whether it can gain broader user and market acceptance.
• Compliance and Operational Risks:
  • Regulatory uncertainty: Global cryptocurrency regulations are still evolving, and future policy changes may adversely affect the Vangold project.
  • Project development uncertainty: Whether the plans in the roadmap can be achieved on time, and whether the project can continue to attract users and developers, are both uncertain.
  • Lack of information transparency: Insufficient transparency regarding team members, detailed token allocation, and fund usage may increase investor risk.

Important Note: Investing in cryptocurrencies requires full risk awareness and independent research. The above information does not constitute any investment advice. Please be sure to make decisions based on your own risk tolerance and financial situation.

Verification Checklist

When delving into a blockchain project, we need some key clues—like detectives—to verify its authenticity and activity.

• Block explorer contract address: This is the “ID number” of the VGD token on the BNB Smart Chain. You can use it to check token transaction records, number of holders, etc.
  • BNB Chain (BEP20) contract address:
    0x487ecd4cFa635D1a9409E86Cd22d33d5abEb7b44
• GitHub activity: GitHub is where developers store project code. An active GitHub repository usually means the project is under continuous development and maintenance.
  • GitHub link:
    https://github.com/Vangold-Finance
• Official website: The most direct channel to learn about the project.
  • Official website:
    vangold.io
• Social media: To learn about community activity and the latest project updates.
  • Twitter:
    https://twitter.com/Vangoldfinance
  • Reddit:
    https://reddit.com/r/vangoldtoken
  • Telegram:
    https://t.me/vangoldtoken1
• Whitepaper: Although we couldn’t directly obtain the whitepaper content, Bitget provides a possible link you can try:
  • Potential whitepaper link:
    drive.google.com/file/d/1NM8yvaaNi3V1KW_poNR_OEstHqVZDAZp/view?usp=drivesdk

Project Summary

Friends, through the above introduction, we have a preliminary understanding of the Vangold (VGD) project. It is like an ambitious “new market builder,” hoping to use blockchain technology to provide freelancers with a lower-cost trading platform and attract and retain users with a unique transaction reward mechanism.

As a BEP20 token on the BNB Smart Chain, VGD’s core highlight is its “trade-to-earn” mechanism, which encourages token circulation and ecosystem activity to some extent. The team has also mentioned plans to launch a DEX and expand partnerships, showing its intention for further development.

However, we must also objectively see that the Vangold project still has room for improvement in information transparency, such as the lack of details on core team members, token allocation, and governance mechanisms. At the same time, the inherent high volatility, liquidity risks, and regulatory uncertainty of the cryptocurrency market are important factors to consider when following Vangold.

In summary, Vangold is a project attempting innovation in the freelancer market and token incentives. It has its unique appeal but also comes with common blockchain project risks. Remember, this is just a preliminary introduction and does not constitute any investment advice. Be sure to conduct your own in-depth research and understand all potential risks and rewards before making any decisions. Happy researching!