The VTB project has chosen to employ blockchain technology for various reasons. The challenge was to deliver transparency and auditability, only delivered by public blockchains. Therefore, since none of the current public blockchains met the Foundations criteria, the Foundation built a custom blockchain for all the project’s requirements that will come in stages. The custom blockchain is a layer-2 sidechain system, the information contained therein is neither auditable nor seen by anyone outside the community. Conflicting with the project’s core values of being transparent and democratic, the team had to find a method to reasonably go from sidechain and non-transparent to fully transparent and democratic. After investigating several options, reading other white papers, and learning from some icons in the industry, it can be achieved in steps. Designing a blockchain and releasing it “into the wild” takes courage, time, and countless trials before success is completed. Several key questions were asked, such as “How to protect the community and keep the project operational?”. Truth be known, most blockchains spend years in development. Finally, between an upgradable blockchain where nodes periodically report to public entities such as IPFS, the project’s core values achieved the first step: it would deliver transparency, auditability, and accountability. Following these phases, a Foundation was founded in Gibraltar to legally enforce identification requirements and accountability to the blockchain’s changes, upgrades, and operation during its infancy.

Ultimately, the Foundation is the technology owner and has a legal guardian who upholds and enforces this white paper’s advancement. Meaning that the Council Members of the Foundation are required by law to follow the rules. In this manner, no one can change the blockchain without the transparent vote of the Council and the approval of the Guardian. This is the first step in becoming a true democracy, which requires time and careful planning. Until then, the Foundation Councilors use legal tools and frameworks to protect the community and add new features and pivots as needed. The blockchain will be upgraded in a multi-signature pattern, and its keys will be held and executed by the Council members.

As the project increasingly moves towards decentralized democratic operations, the vote will be handed over to the community in some voting token or directly through the VTBC asset. This vision is still in its early conceptual phase. A consensus will also be reached as to the future of the VTB blockchain, whether it should become public for anyone to run a node or possibly connect it into an already existing blockchain consensus system, such as Polkadot.

As we move towards these subsequent phases, interested parties may connect to our various channels:

This post covers the VTBC behind-the-scenes mechanism and the details of its functions concretely, not only conceptually. To begin with, there are two tokens: one increases with time and use, while the other is a tradable token similar to an ERC20. The remainder of this section provides more information on the VTBC and VTBT tokens:


VTBC uses fundamental mathematics to increase its value according to usage and time. As previously mentioned, this increase offers stability and predictable growth that can be relied upon for wealth-generating financial projects, including savings, cash advances, insurance, and utilities. The user accepts VTBC (through VTBT) as payment for goods or services and others. In other words, VTBC users and holders receive a continuous value increase while holding or using the asset. The transaction-based increase is calculated on the actual VTBC liquidity vs. injected value in the system. For example, the resulting price increase will be slight if the value of the VTBC sales (from the sell order book) is much higher than that of the current transaction purchase value. Conversely, the correlated increase will be more significant if the current purchase value exceeds the total sell order book. This offset serves to balance the injected liquidity in the system and the hourly value increase. This time-based increase has been set as a minimum to ensure that the asset’s value increases based on the curve described below. If the transaction-based increase value is equal to or greater than the scheduled time-based increase, the latter’s growth will not be triggered. The value increases calculation will be further explained in subsequent sections.


VTBT is valued at par with the US dollar regarding VTBC. At this time, VTBT can only be converted into VTBC. Our team may add a full Ethereum-based ERC20; meanwhile, a substrate-based token with similar features to the ERC20 is used.

The distribution mechanism is unique in the industry. Most projects use the sale of the tokens in an ICO fashion. Even if funding projects is essential and ICOs typically provide funding for these projects, in some cases, they can be scams, whereby the project creators walk away with millions of dollars. Instead of asking for money upfront with an ICO, the Foundation has opted to operate by simply tying the project’s success to its community. Consequently, as money is injected into the system as ETH, the project can sell some of the pre-allocated VTBC to fund any ongoing development. At the same time, the initial VTBC buyers are rewarded through a continuous redistribution of ETHs and VTBCs. Eventually, ETH will stop being redistributed in this manner because the initial token reserve will be depleted, but while the supply lasts, VTBC holders will gain in multiple ways.

This value control algorithm provides users with a predictable price, thus improving their financial plans and, in the meantime, allowing the VTBC assets to perhaps the member’s economic standing.

Digital technologies have propelled our every communication and transaction into a new era of interconnection where data is transmitted rapidly from one part of the globe to another. In that same manner, electronic transactions are gradually replacing the need for tangible bills. Indeed, money has become increasingly virtual and synonymous with mere data transmission, especially with the emergence and expansion of the digital economy.

Having become mainstream nearly around the world, these data transfer technologies now require an expansion of their availed infrastructures, enabling users to move value in a safer, more accessible and utmost convenient manner.

Globally, people are seeking improvements in the current financial system. According to a study conducted in 2015 by Accenture gathering 2000 senior decision-makers around 15 countries, their use of analytics and Cloud-based infrastructure had increased by 34% and 30%, respectively, and in doing so, their primary concerns were security and keeping pace with digital advancements. In another more recent study, because of the surge of digital network use during our global crisis, masses ask for easy access, fast delivery and increased security for everything from bill payments to sending money to loved ones without going to a financial institution.

These necessities have driven the development of online banking and other electronic payment systems; many will show up in web searches. Money, assets, and wealth have been changing, and the next generation of financial instruments and vehicles will likely be built using something like regulated blockchain technology that enforces laws and protects people from fraud.

Meanwhile, a simple internet search will show that banks are starting to adopt blockchain technology globally. Having already proven its effectiveness and given its global demand, the time has come to expand upon its initial design and avail it to the world. In that respect, we believe that our project, VTBCommunity (VTB), cannot only achieve this task but provide other innovative financial opportunities.

VTB is designed to advance the digital money infrastructure by offering a stable and predictable growth asset. It is more straightforward, user-friendly and renders a rich end-user experience while lessening the often-cumbersome cost burden otherwise charged by the current financial systems and some alternatives.

More specifically, the VTB system is based on methodically increasing the asset value, thus progressively increasing users’ net worthwhile charging a fixed fee within the VTB system. This enables an expanded purchasing power to meet their goods and services requirements. Although its inherent vision may seem somewhat utopian, or as some may think, “too good to be true,” the fact is that its design is meant to transform the financial system’s past four to five decades of macroeconomics (since Simon Kuznets won the 1972 Nobel Prize in Economics) into something new. Take inflation, for instance, even with its annual fluctuations, the cost of living has continuously risen, and this year, 2021, has seen the highest yet ( In terms of perspective, the CPI inflation calculator estimated that the purchasing power of US$1.00 in 2000 had decreased to 0.60 cents in 2021[1]. That being true, one could also say that similar assets to VTBC already exist, such as “Risk-free Bonds” typically seen as United States Treasury Bonds, but the ROI is far from sufficient to help anyone become financially comfortable let alone independent.