VMC (VMC) Review

VMC: Platform For Improving Urban Mobility

VMC is a Mobility-as-a-Service (MaaS) project that designed a platform on the basis of the Stellar blockchain that should unify all actors in the field of mobility services. The project is registered in the Dutch jurisdiction and comprised entirely of specialists from this particular country. VMC has concluded the pre-ICO and now preparing to launch a full-scale sale of the VMC tokens, the driving force behind the platform’s token economics.

The essence of the VMC platform 

To address the challenges of the contemporary industry of human mobility, which include the low level of cooperation, poor data management, and absence of sufficient privacy and bona fide competition, VMC created a blockchain solution named VMC Core.

VMC Core is a global decentralized network built on the foundation of the Stellar blockchain, which is known for its superior scalability properties, as well as the Hyperledger Sawtooth framework for parallel processing of data and payments. This network is comprised of three interconnected ledgers: the transaction, the data, and the identity ledger, all of which are powered by the VMC token. The stack of seamlessly executing smart contracts will forge cooperation between all network participants: public transport services, hauling companies, route planners, insurance companies, and smart city developers. The effective development of the platform will allow for better overall human mobility in urban areas thanks to traffic prediction, route building, and collaborative navigation.         

The team roster

Jochem Verheul. The founder and CEO. A vastly experienced tech entrepreneur who currently resides in Singapore. Prior to founding VMC in 2017, Verheul established another software company - Itasavirus.

Ruud Somberg. The co-founder and CFO. A seasoned financial advisor who specializes in corporate finance and business strategy development.

Dick Roeffen. The COO at VMC. A young specialist in information technology and services who, however, doesn’t have any serious experience in that area. Apparently, VMC is the first major project for Roeffen.

Social media presence

Despite being present on all major social media outlets, VMC can’t boast a particularly large community of followers which might signify that the project is either negligent about marketing or don’t stir much interest in the crypto community. The Telegram channel has the most members - 2196, followed by Twitter - 455, and Facebook with 49 followers. Nevertheless, VMC produces content on a regular basis, being especially active on Facebook, sharing the stories about the project and some related news.

ICO details

The public sale of VMC tokens will commence on July 15 on the Stellar platform and last for an entire year, until July 15, 2020.

200 million is the number of tokens made available for sale.  VMC has the nature of the revenue token because the holders are entitled to receiving up to 40% profits of the gross platform revenues. VMC established a feasible hardcap of 5 million EUR. The ICO price of 1 VMC token is 0.2 EUR with the investment limit set at 500 EUR. Tokens can be purchased with BTC, ETH, XLM, and EUR. Investors must pass KYC and get whitelisted. Citizens of China, the United States, and Singapore will be refused to admit to ICO.

Author: Alex Paulson for Crypto-Rating.com

StartJuly 15, 2019
EndJuly 15, 2020
275 days left

I have long been a fan of Stellar blockchain and its accompanying products, so it would be really interesting to see how VMC will turn up. Urban mobility, or rather the obstacles that hinder its development, such as bad roads and traffic jams, is very important for the population of large cities as it is constantly growing. According to the statistics provided by the UN, nearly 70% of the planet's population will live in urban areas by 2050. This means that projects like VMC will become increasingly relevant.

actor   September 12, 2019  

Mobility is a very important factor in our fast-paced society. This is especially relevant for big cities, where authorities are constantly battling the problems of the lack of public transport and traffic jams. And they, as well as we, the inhabitants of the cities, need the help of VMC in that regard. I have neither big financial resources nor vast investment experience, but I will place my trust with VMC because they have a proper vision and a technology to put in into practice.

Teresa   August 6, 2019  

When someone says that he knows how to resolve the nagging problem of traffic jams in big cities, I am always willing to listen - and maybe even invest. The government obviously can’t deal with this problem for various reasons, which are mostly corruption and stupidity, so it is probably up to the tech projects like VMC to take the matter into their own hands. I have read their whitepaper and got acquainted with the team members, all of which caught my fancy. Also, the availability of an MVP is a very important factor for me, so I have downloaded their app from the AppStore and gave it a try - everything works fine, not without a few bugs, of course, but still, it is a good product.

Mike   July 21, 2019  

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