We all know the procedure; first, the creators of a token open an ICO to sell their tokens, then (generally after a while) crypto exchanges add those tokens to their platform so that their users can buy and sell them. Vertex is coming to add a middle step to that procedure. They are about to open Vertex Market, The worlds first ICO aftermarket.

Vertex’s strongest point is their thorough ICO vetting process, that will give Vertex users a piece of mind and raise the quality of ICO scene as scam projects will be left out. When an ICO is found worthy, Vertex will invest on those tokens and sell those tokens on its platform, namely Vertex Market. All those operations are done using VTEX token. However, for some cases, purchases from ICOs may be partially funded with VTEX.

This idea is beneficial to 3 parties:

1- ICO buyers: They will have a peace of mind, knowing that if a token is sold on Vertex Market, it went through Vertex’s rigorous vetting process. They will also take advantage of preferential pricing that Vertex platform offers. And my favorite benefit? You will need to go through the KYC process only once!

2- ICOs: They will get early funding thanks to Vertex and this can help them advance their plans. Being on the Vertex Market will show their worth to the crypto world.

3- ICO scene: Thanks to the players like Vertex, the ICOs will go through a strict vetting process, thus scam and bad projects will get filtered out and the overall quality of the ICO scene will definitely rise.