Project Summary

Project Name

Vodi X

Asset pages

Binance Chain https://explorer.binance.org/asset/VDX-A17

Etherscan https://etherscan.io/token/0x91e64f39c1fe14492e8fdf5a8b0f305bd218c8a1

proposal ID 159

Your name and position

Darren Lu, Founder & CEO

A one-sentence pitch about your Project

Vodi X is a decentralized eCommerce ecosystem aiming to create 100+ million jobs worldwide, democratizing wealth distribution.

What are you planning to achieve with your project?

We aim to create 100+ million jobs worldwide, democratizing wealth distribution.

What is the team size now? Please list each core member of the Project team and outline their role and responsibilities. If any project member is involved in other projects, please clearly state their commitment and how they avoid conflict of interest.

Darren Lu - Founder & CEO https://www.linkedin.com/in/darren-lu-b10a8321/

Kevin Tran - Director of Infrastructure & Technology https://www.linkedin.com/in/kevintran3/

Thao Tran - Application Development Lead https://www.linkedin.com/in/thaoduytran/

Indigo Glaze - Global Marketing Manager https://www.linkedin.com/in/indigoglaze/

Tanya Parus - Global Director of Business Development and Partner Management https://www.linkedin.com/in/tanya-parus-aa223843/

Jun Hao - Marketing Strategist https://www.linkedin.com/in/ongjunhao/

Ryan Liew - Director of Business Development Asia https://www.linkedin.com/in/ryan-liew-7832105/

Project Website

https://vodix.io and https://vodi.io

Share a link to your project’s whitepaper

https://vodix.io/pdf/VodiX_WhitePaper_1.1_EN.pdf

Share a link or image of your roadmap

Where are you right now in your roadmap?

We are at Q3 2019 right now, and we are heavily focusing on Vodi X Wallet and core functionality implementation.

What is the business model of the project?

The Vodi X Project comes in 2 Phases.

Phase 1 - Vodi Micro-Task

Vodi Micro-Task seeks to create millions of jobs globally by allowing workers (Vodeers) to complete small tasks (Micro-tasks) in exchange for Vodi X Tokens (VDX). These workers are paid by the Job Posters (Vodiants) who exchange data/information for VDX. This creates an ecosystem where AI Companies can affordably gather needed information and underserved individuals can earn a living.

Phase 2- Vodi dApp Ecosystem

Vodi dApp Ecosystem will be an interactive, decentralized app marketplace where many apps and dApps can interconnect with the Vodi application. Developers will receive real time payouts for their application and users will be ablel to interact with a large array of products and services (prepaid mobile top-ups, U.S. and international eGift cards, money transfer, free texting, calling, and video calling services.)

With the increased speed of the BEP-2 blockchain, we hope to add immense value to the entire Vodi Ecosystem. This will enable a more efficient means of wealth distribution for VDX as well as added value for micro workers and Vodi users.

What is the potential user base and market opportunity?

Vodi X can potentially reach 50-100 million people. A majority of our users will come from the 2.5 billion unbanked and underbanked people around the world.

Crypto users are quickly adopting Vodi, since the launch of accepting crypto as a payment option for Vodi services (gift cards, mobile top-up, etc.)

Token Information & Economics

Token Name and Symbol

Vodi X (VDX)

https://coinmarketcap.com/currencies/vodi-x/

https://www.coingecko.com/en/coins/vodi-x/

What is the primary use case of your token?

VDX tokens can be used as a form of payment in our ecosystem, staking to perform micro-tasking, and a means of wealth distribution for workers and developers alike.

Where else can your token be used?

On Vodi App with already 5+ million users worldwide.

What is the total supply of your token?

1,697,703,183 VDX

What is the circulating supply of your token?

320,686,516 VDX

Please provide a breakdown of current token allocation & lockups in place for any holders of the token



Please provide a list of team wallets that hold your token.

ERC-20 Reserve wallet: https://etherscan.io/address/0xaa944441a0f924dda9a79c08576f39a5da72001e

BEP-2 Reserve wallet: https://explorer.binance.org/address/bnb1pk6umuhxjcd3ggyztw7a7lfggwgyyx2w5h8j59

Are you compliant in all jurisdictions that you service and operate in?

Yes, we are and we are working with legal teams around the world.

Is the token currently running on any network other than Binance Chain? If yes, what is the swap/migration plan?

Currently VDX is ERC-20 token. We have built the BNB bridge ready to swap VDX from ERC-20 to BEP-2.

Token swap bridge https://bnbbridge.vodix.io/

Please provide a detailed token migration plan. What mechanism will you be using?

We will initially mint BEP2 tokens equal to our current circulating supply and burn ERC20 tokens on our Reserve wallet. So VDX ERC20 holder can do the token swap.

Eventually, we will mint on BEP2 and burn on ERC20 until all circulating tokens are swapped.

Token swap bridge https://bnbbridge.vodix.io/

What is the exact timeline of opening the swap/bridge to the public? Will you be able to complete this prior to the end of the voting period? If yes, please provide evidence that it the swap/bridge is ready or close to being ready.

Token swap bridge is live https://bnbbridge.vodix.io/

Reference how to swap: https://medium.com/@VodiX/vdx-swap-erc-20-to-bep-2-d13f8482f355

Is the token currently listed on any other exchange? What are they?

Upbit https://upbit.com/

Bittrex International https://international.bittrex.com/

Biki https://www.biki.com/

FUNDS

Did you conduct an ICO or any type of fundraising? When was it?

We did an IEO on Bittrex International on 21st May 2019.

How much in total did you raise?

We raised a total of approximately $1.5 million USD.

How much have you spent in total thus far? What have you spent these funds on?

We have spent approximately 35% of the amount raised to build the business. The focus has been, on paying back consultant, listing fees, acquiring talents.

Completed our POC and working on technical development as spelled on our roadmap (phase 1).

How much runway does your project require to ship the final product?

Depending on the different phases in our roadmap. About 12 months for phase 1, and 24 months to complete phase 2.

What currency/coin/token do you plan to hold your funds in?

We are currently holding most of our tokens in USDT and USD.

What’s your coin storage/conversion policy? Do you only convert to fiat when you spend?

We currently have converted most to stable coins to ensure stability in our capital.

How do you plan to publish your spending each month?

We don’t plan to publish our spending because this is not a traditional publicly-traded company. Having said that, we frequently (multiple times per month) update our developments to our community.

If you have plans to conduct an IDO, please provide a detailed plan including IDO format, methodology, timeline, fundraising goal and amount of tokens, and sale price.

No IDO will be conducted.

Development

What are the technological innovations of the project, if there are any?

The Vodi X Token (VDX) is the core of our Phase 1 and Phase 2 development.

In Phase 1 (Vodi Micro-Task), the Vodi X Token will be the equity earned and staked within our Mirco-Task solution. Vodi Micro-Task enables workers (Vodeers) and AI Companies (Vodiants) to have a clean and simple exchange of information for value (VDX). Companies will pay these workers in exchange for tasks needing human interaction and reasoning.

In Phase 2 (Vodi dApp Ecosystem), the token will be used to interact with a decentralized app marketplace. Developers will pay an amount of VDX to have their app displayed on the marketplace. Users will pay VDX to purchase these applications, creating a seamless, instant transmission of wealth. The developers will receive real-time payouts for the purchase of their apps. Furthermore, they will be able to leverage and interact with Vodi’s remittance based services (Mobile Recharge, eGift purchases, Vodi Out, and an Integrated Voting Platform).

Where are your code repositories located?

The Vodi app codes are in private code repositories.

Do you have any products or UI demos can you share publicly? Are any built by your community, as opposed to being in-house demos?

Our product (Vodi app) is already available on both Google Play and iOS app stores with over 5 million downloads collectively.

Google Play https://play.google.com/store/apps/details?id=io.miltec.vodi

iOS https://apps.apple.com/us/app/vodi/id1049058575

Do you plan to release weekly progress updates in this forum?

Yes, we plan to release weekly progress.

Do you plan to host monthly or bi-monthly video AMAs?

Yes, we plan to host monthly AMAs.

Competitors

Who do you view as your current competitors/peers?

Storm

Amazon MTurk

What is your project’s competitive advantage over existing or potential future solutions?

Vodi X’s main advantage is its preexisting userbase through Vodi.

Vodi is the fin-tech app, boasting 5+ million users, that offers global services and disrupts via conversational commerce. Our app serves as a digital marketplace for prepaid mobile plan top-ups, U.S. and international eGift cards, money transfer, in addition to offering free texting, calling, and video calling services. What’s more, Vodi disrupts the traditional flow of apps that offer these products by making them available within users’ chats via “conversational commerce”, suiting the habits of today’s mobile users and changing the way these products are distributed. Meanwhile, the Vodi Points rewards system lets users earn credit towards their Vodi purchases by simply using the app — they can “cash-out” these rewards by redeeming them on Vodi’s in-app services and make a real monetary difference for themselves. Vodi is available on iOS and Google Play Store.