The REMCO Token ICO

Wong linglong3

The World's First Powerful Distributed Token-Generating Platform for Money Transfer

About REMCO

REMCO ( Remittance Utility Token ) is the World's First Powerful Distributed Token-Generating Platform for Money Transfer. The REMCO Token Generating Platform’s APIs to allow any licensed money transmitter to mint programmable Tokens to move value and leverage distributed ledger advantages at speed and scale, while also offering innovative compensation to all transaction stakeholders. Our Token is Jurisdiction and Money Transmission Flow Agnostic. Meaning it works with the existing model.

About VTNGlobal

VTNGLOBAL has a technical founder and operates end-to-end regulated businesses in the USA and Nigeria. The USA business has been running a precursor to the proposed REMCO Remittance Token, live and under regulatory supervision in two US states since 2017. The company will be its own initial customer for the REMCO Token as it expands geographically.

Our Vision

REMCO designs and provide practical and transformative technology for money transfer, especially cash transfers with the vision to transform the cash-based side of the industry, reward crucial stakeholders and add consumer convenience, control and affordability.

Remittance Token For Money Transfer Organizations

REMCO Remittance Tokens connect senders and recipients of money similar to the way mobile phones connect two people. REMCO’s platform provides the infrastructure, the pipes, that allow remittance companies globally to mint and customize their own Tokens on a revolutionary open source platform designed for speed, compliance and transparency.

REMCO Remittance tokens use a revolutionary money transmission Token with an open source platform that allows remittance companies globally to mint and customize their own Tokens.

Why Choose Remco

The REMCO Token solution is built using Multichain, and it includes a self-service B2B platform that not only allows money transmitters to enjoy the advantages of DLT using their existing cash-in networks, but to expand their networks by riding REMCOs reinvented processes for street corner agents.

PROBLEM

Money transmitters have few and limited options for building and expanding their business on another’s rails.

Slow Speeds

Traditional money transfer is slow for both money transmitters and their customers. New blockchain approaches are slower than many existing centralized systems.

High costs

Many corridors remain very costly, and pricing for small-value transfers is foolish. Blockchain-based cryptocurrencies require miner compensation, are inefficient and can’t scale.

Vanishing commissions

Stakeholders in the cash-based money transfer processes are increasingly frustrated by more work for less pay, leading to less participation and fewer consumer options.

Tough entry

Conventional platforms have entry barriers that are too high for affiliate networks; REMCO addresses this shortcoming.

Unstable operation

A technical failure can paralyze all affiliate networks on a centralized platform, until the cause is detected and rectified.

REMCO PLATFORM

Options for money transmitters to build their business with technology that fits their use cases and addresses their pain points using programmable tokens that can run on the rails of our global platform for remittance.

Scalable

REMCO uses a blockchain on which transactions essentially self-verify, providing the speed needed to ramp up.

Decentralized

REMCO runs on a distributed ledger technology known as a Multichain blockchain.

Lower costs

Our solution does not involve miners to verify transactions, and be paid. Even micropayments can be made affordably!

Security

REMCO Tokens are thought to be quantum-proof, though this is subject to additional scrutiny and study.

Re-engineered Process at Cash Agents

The REMCO Prepaid solution requires less time to sell than present methods, offers bonus commissions and gives tremendous control and value to the customer. Data analytics allow aggregation from multiple networks.

Remco Main Features

MULTICHAIN BLOCKCHAIN

REMCO uses blockchain protocol that require no third party POW and virtually no fee. The result is unparallel speed and cost savings for users.

SUCCESSFUL AUTHORIZATIONS

With over a decade’s experience connecting to receive-side payments and banking infrastructure, our platform works!

FASTER SPEED OF PAYOUT

No more waiting for a batch process or other slow payout processes.

COMMISSIONS FOR AGENTS

We simplify the transaction process for agents and even offer the possibility of bonus commissions based on sender preferences.

ARTIFICIAL INTELLIGENCE PLUS HUMAN EXPERIENCE

Elements of the platform will get smarter over time through AI and the unique platform itself is the result of over a decade’s experience building and running platforms for remittances and payments, integrating them with banks, bank switches and other infrastructure providers and complying with

TOKEN SALE

Why Remittance Token (REMCO)?

VTNGlobal has processed over $700,000,000 in the last 2 years and we clearly see the opportunity of process reengineering combined with distributed ledger technology to make a big impact in the industry. We have designed the REMCO Token to have tremendous utility and to be programmable, for instance in cases where a remittance partner wishes to offer a promotion.

By both creating the tech platform and offering a B2B self-service option, VTNGLOBAL believes that the REMCO Token can have transformational effects, not only for its own businesses but for partners as well.

Through this ICO we will have the necessary funds to finance our project, pay salaries, cover marketing and legal matter expenses and invest in research and development, and offer buyers of REMCO Remittance Tokens a low and discounted price.

Bonus Schedule

PHASE- REMCO TOKEN PER 1$- EFFECTIVE BONUS- TIME TABLE

Private Sale= 0.04 / 50%/ September 15th - October 15th

Presale= 0.06 / 35%/ TBD

Public Sale= 0.08/ 0/ TBD

Remco ICO Distribution

Total tokens for sale= 65%

Founders Team & Advisors= 15%

Marketing= 5%

Business Partners= 5%

Reserve= 10%

Remco Use Of Funds

We have a history of “eating what we kill” and being able to run a tight ship, with bare-bones expenses. We understand how to work with all stakeholders and how to move a business forward and believe this long history will allow us to maximize the effect of all funds raised.

Operational Expenses= 15%

Marketing/Sales= 25%

Research and Development= 40%

Legal and compliance= 10%

Reserves= 10%

REMCO ROADMAP

This ICO Roadmap is all part of a larger and longer journey.

VTNGlobal’s roadmap covers over 15 years in the Fintech space. Its platform is used by the biggest remittance organizations and processes many hundreds of millions of dollars annually. It is majority shareholder of VTNetwork Limited, a Central Bank of Nigeria-licensed mobile payment operator and international money transfer operator. This business has access to 3,600,000 subscribers, 4,700 registered agents and 5,900 merchants in Nigeria

Remco ICO Roadmap

The planned timetable for the REMCO ICO and subsequent service rollout follows.

Remco ICO Launches

TBA

We expect to launch an ICO once all pieces are in place and within a few months of very active promotion.

Remco ICO Ends

TBA

Platform Live, Processing for VTNGLOBAL only

TBA

Initial testing will be in-house, live in the US states where the service is licensed and regulated.

Platform Live, Processing for all authorized partners

TBA

Following a successful self-tests we will onboard remittance partners.

Meet Our Team

We are a team of veterans, technologists, bankers and businesspeople, who are also practical thought-leaders and innovators and who trust each other to deliver every time.

Peter Ojo/ CEO/CTO

Innovator. Business Process Automation, Top 1 percentile. Obtained nationwide mobile payment/remittance licenses for VTN. Processed over $700m in the last 24 months. Developed software for Lockheed-Martin, RES, Hitachi, AT&T, and British Telecom, IRS, TSA.

Joel Patenaude/ COO

Joel Patenaude has in the past year helped fund and launch a microfinance bank and license a new bank both in frontier markets. Experience in digital currencies, P2P foreign exchange and remittances.

Catherine Berruer/ Vice President

Worked for various national and international agencies and private institutions in Washington DC and France. Responsible for reviewing and managing multimilion dollar scholarship program to people in poverty-stricken areas. Fluent in English, French, and Spanish

George Oluwaboro/ CAP, VP Finance

CPA and Blockchain/ICO Consultant. Managing Partner of Brickstone & Associates, LLC. 25 years business consulting and advisory services to financial services industry with emphasis on KYC, AML and BSA compliance. Former Bank Examiner with the State of Texas and Consultant with the Federal Reserve Bank in Washington DC.

Olufunmilayo Ojo/ Director of Operations Africa

Coordinated Ecommerce activities, handling millions of dollars per year. Facilitated partnerships with POS vendors for air time/data vending, electricity and cable network bill payments and also p2p money transfers. Executive Director of VTNetwork.

Dr. Moses Asom/ CEO of SyChip, Inc

Worked previously at Bell Labs, Director at Lucent New Ventures Group. Advisor to Hunt. Holds many patents and a Ph.D. in Electrical Engineering and MBA from The Wharton Business School.

Our Advisors & Investors

Over the years we have benefitted from the wisdom and direct support of a great many people. Our current advisors focused on the REMCO Token ICO and product launch include:

Brent Segal, Ph.D/ Advisor

20 year career Harvard-trained PhD in Advanced Technology Development. 200+ Patents and successful exit of electronics company, Nantero. Large company technology scout focused on critical game changer technologies.

Tidal W. McCoy, President, McMark, LLC/ Investor

43 years’ service at the highest levels of government, private sector, and new ventures. Translated government technologies to the commercial market, including the introduction of the automobile air bag (a $15-20 billion a year industry). Assistant Secretary of the Air Force under President Reagan.

David Hershfield/ Advised PayPal, Adobe

Advised PayPal, Adobe, Redcats in C-level and Sr. Executive leadership to board and advisory roles Contributed to positive outcomes in digital product, technology, turnarounds and Merger and Acquisition.

Seth Wiener/ Managing Partner

20 year career as Investment Banker at Morgan Stanley. Founding team member of a few Silicon Valley startups. Participated in IPO's for UPS, Brocade, Loud Cloud, Secondary offering for Ford, URS, Accenture. $4.2B in aggregate value of equity deals. 3 Successful exits.

Roshan Polepalli/ Advisor

18+ years of product & marketing management. Most recently built & scaled a large international money transfer company's web & mobile app platform. Developed online marketing strategies for companies such as eNews.com (acquired by BN.com), John Wiley & Sons, & SourceMedia.

Robbert Walstra/ Founder legal capital

LL.M, Business Law University of Amsterdam, Toronto An independent legal counsel for early startups and tech entrepreneurs. Help startups from Latin America to leap to the US market and investors. Participated in a few blockchain and crypto projects, speaker world conference, Seattle, and tech lawyers.