VapeBITS Smart Contracts
VapeBITS Blockchain (VAPE) is a ground breaking peer-to-peer payment solution for banks, merchant processors, vape industry (Vaporizers, E-Cigarettes, and other Electronic Nicotine Delivery Systems) and the alternative products industry.
The protocol is built upon a distributed open source internet protocol, proof-of-stake (POS) consensus ledger and native currency. VapeBITS enables cross-border payments without the need of correspondents and is capable of transfer speeds of 30 seconds or less.
Vapetek, the Orange County, California startup, built an ethereum-like payments platform aimed at alternative products and banks, is seeking roughly 25 thousand Ethereum (Ether) in funding through the ICO. The publicly traded company specializes in blockchain technology and E-Cigarette products.
VapeBITS is an asset exchange smart contract token designed for the vape and alternative products industry that uses a proven industrial performance and scalable platform that doesn’t rely on the traditional routes or ICANN. VapeBITS operates smart contract applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference, without a middle man or counterparty risk.
VapeBITS if full of features like Dynamic Account Permissions, Recurring and Scheduled Payments with flexible withdrawal permissions, the creation and maintenance of corporate records, including the corporation’s stock ledger, referral rewards program and speedy and secure transactions.
VapeBITS Token Sale is running and ends August 24th 2018, contributors can submit Bitcoin, Ethereum and Waves cryptocurrency tokens on the VapeBIT DEX.
Up to 46,500,000 have been created in the token sale which account for 60% of the total final supply.
App Enabled Wallet (Google Chrome required)
Decentralized Exchange (DEX)
Integrated Fiat Currency Gateways: USD/EUR
Smart Contracts Platform – Easily Earn Discounts and Rewards
Stores Data Securely Right on the VapeBITS Blockchain
Easy Plugins for Enhanced Future Development
Enabled Plugins & API for Increased Functionality
Coupon Functionality for Smoke Shops and Vape Shops
VapeBITS Total Supply: 77.5M
65% has been allocated for the ICO 50,375,000 are being sold during the ICO
Vapetek, Inc. (OTCBB Ticker: VPTK) will retain 20% of the total Circulating Supply of VapeBITS – 15,500,000
15% Will Be Distributed to the Vape Community, Software Developers, Good Cause Partnerships and Industry Partners. - 11,625,000
VapeBITS Smart Contracts Distribution:
The VapeBITS Token distribution takes place over a 30 day period from the inception of the ICO which is expected to provide the vape industry and alternative products community and participate in the VapeBITS distribution. Three percent of VapeBITS smart contracts will be distributed amongst the vape community and industry partners to bring awareness to the community.
Analyst Bonnie Herzog of Wells Fargo Securities estimated $4.4 billion in vapor product sales in the US in 2017. By 2019, the industry is expected to grow by 20% to $118.6 billion.
China is Expected Hyper Growth E-Cigarette Industry
Online reports point out that while the disposable e-cigarettes led the market until 2014, vape mods, box mods and ejuice products lead the space, followed by herbal vaporizers have seized the top market positions in terms of revenue generation. While the US market is expected to continue accelerating growth, China is predicted to grow at the fastest compound annual growth rate till 2025.
The crowdfunding of VapeBITS smart contracts running on ERC20 Ethereum,
Participants willing to contribute to development of the project can do
so by sending Ether (ETH) to the VapeBITS smart contract address.
See below dates for the VapeBITS contribution schedule.
Contributors must send Ethereum (ETH) to the VapeBITS smart contract.
• July 24th: Start of VapeBITS Crowdsale - Stage 1 – 1 ETH = 1,000 (VPB)
• July 31st: Stage 2 – 1 ETH = 800 (VPB)
• August 28th: End of Crowdfunding Contribution
1.) Download the official VapeBIT Wallet Here:
2.) Register your VapeBITS Wallet with a seed password.
3.) Go to the Waves Decentralized Exchange.
4.) Search for, "VapeBITS" and use Bitcoin to exchange for the VapeBITS Asset.
You will receive approximately 12,000 VapeBITS (VAPE) for 1 Ether (ETH)