Libereum Acquires a Large Stake in Vendit!

VENDIT

Crypto Payment Systems

Use the Currency of Tomorrow Today

Payment System Designed with an Exchange

Initial Coin Offering

Get Over in the Private Sale!

Buy LIBEREUM ICO Tokens!

Coming Soon...

Invest & Refer

Receive 5% in VNDT Tokens Referrals

Whitepaper

In Depth Read of Vendit

PACBW
LIGHT lindacoin-696x466
logo_big_white
MMOCoin
logo

What is Vendit?

Vendit is a
Crypto Credit System

No Need to Spend your Crypto Assets, Spend the Value Instead and Keep Your Assets. Personal Credit Score on the Blockchain.

images

Vendit is an
Exchange for Liquidity

Trade Crypto to Crypto, Trade Crypto to Fiat, or Trade One Fiat to Another Fiat. Then Spend Crypto just like any other Currency. 

bgrowth

Vendit is a
Payment Facilitator

Providing Debit Cards on the Interchange Networks and/or a Payment App to Use at Merchants that Provides Cash Back

App-Cards

Vendit is a
Merchant Processor

Proprietary Merchant Processing Software that will Integrate and/or Overlay on Any Merchant POS System.

MerchantProcessorSoftware

Vendit is a
Bridge For Exchanges

The Payment System Not Only Works with Our Own Exchange, but through Vendit, Works Directly with Any Other Crypto Exchange.

ExchangeAPI

Payment Facilitator

True Currency Payment Use Case

Paccoin

PacCoin Card

Coming Soon

Bitcoin

Bitcoin Card

Coming Soon

Ethereum

Ethereum Card

Coming Soon

Libereum

Libereum Card

Coming Soon

lindacard

Linda Card

Coming Soon

Debit-Card-blue NOVISA

Shardax Card

Coming Soon

750x750MMOCoin

MMOCoin Card

Coming Soon

Terminal

Crypto Terminal

Coming Soon

Merchant Processor

Giving Merchants a Lower Cost Option

Adoption does not just depend on retail investor adoption, but ultimately, merchants themselves. Vendit offers merchants three simple and effortless options to accept crypto:

1.  Crypto to Fiat - Primary Interchange Networks. (2.5% - 3%)

2. Crypto to Fiat - Use Vendit terminal or merchant software. (1.25%) 

3. Crypto to Crypto - Merchant takes Crypto Directly. (0.75%)

Vendit Flowchart2

Crypto Credit System

Don't Want to Spend Your Assets? Don't Have to!

Receive an Instant Credit Line Based on the Value of your Cryptocurrencies. 

Total Credit Limit Dependent on the Total Value of the Cryptos. 

Low APR, only on the Balance of What you Spent.

Don't Want to Spend Your Cryptos, then Keep Them!

No Minimal Payments, Just Gets Added to Credit Balance.

Proof of Stake & Masternode Integration which means the coins that gets generated can either pay the balance or increase your credit. 

Earn Cash Back or Crypto Back Rewards if Purchases are Made at Specific Merchants!

Payment History on a Eventual Private Blockchain for building a Credit Profile.

Cash Back Merchants

Get 1% - 1.5% Cash Back at these Merchants

Liquidity Exchange

Full Trading Book From Day One

Security

Vendit considers security to be the upmost importance. Not only will there be 2FA Google Authentication, but also cold wallet integration directly on the exchange connected to your own personal device.

Liquidity

Vendit exchange will have direct API trading capabilities connect to other major exchanges to ensure standardized and up to date pricing on all trading pairs. This also ensures that there will always be sufficient liquidity of any coins/tokens.

ExchangeFeatures

POS & Masternode

Don't know how to set up a masternode or proof of stake or don't have enough coins to do so? Put them on a shared POS or Masternode server directly connected to the Vendit Exchange. 

Simple Trading

For the users that prefer simplicity, there will be a direct coin to coin exchange interface when you rather not spend time worrying about the market buys and limit orders.

Security

Vendit considers security to be the upmost importance. Not only will there be 2FA Google Authentication, but also cold wallet integration directly on the exchange connected to your own personal device.

Liquidity

Vendit exchange will have direct API trading capabilities connect to other major exchanges to ensure standardized and up to date pricing on all trading pairs. This also ensures that there will always be sufficient liquidity of any coins/tokens.

POS & Masternodes

Don't know how to set up a masternode or proof of stake or don't have enough coins to do so? Put them on a shared POS or Masternode server directly connected to the Vendit Exchange. 

Simple Trading

For the users that prefer simplicity, there will be a direct coin to coin exchange interface when you rather not spend time worrying about the market buys and limit orders.

Advanced Trading

For the Veteran Traders, Take More Control of Your Trades! Vendit's Advanced Trading System allows for If... Then... Conditional Trading scenarios based on your choice of Sequential or Any configuration along with AND/OR operators. See below images for examples. 

Example 1

IfThenExample1

Example 2

IfThenExample2

Bridge for Exchanges

Providing Exchanges to be "Powered by Vendit"

Vendit Payment System can API to other exchanges to provide them with their own debit cards and/or a payment system. Here's how it works:

1.  Exchange lists Vendit Token (VNDT)  for Trading. 

2. Exchange keeps a large, minimal reserve of Vendit Tokens on Exchange to immediately cover any purchases.

3. When user of that exchange makes a purchase with a coin, Vendit draws VNDT from exchange reserve to cover the purchase. Meanwhile, on Exchange, that coin is sold to VNDT and then transfered to Vendit Exchange.

ExchangeBridgeFlowchart

Holding VNDT Tokens

Advantages & Benefits

BurnToken

Vendit Profits Burns VNDT

Until 50% of Original Supply Remain

CreditCards

Credit Card System

Paying Balance Back Can be Reduced if Paid in VNDT Tokens

coins

Proof of Stake Coin Generation

Eventual Blockchain will be Proof of Stake, Get More VNDT!

Merchant

Lower Merchant Fees

Lower Fees for Merchants They Hold a Certain Amount of VNDT

tiers

Free to Play Tiered Listings

While Listing is Free to Play, Coins can Get to Higher Tiers by Paying in Vendit Tokens.

bgrowth

Exchange Payment Bridge

For Exchanges to Use the Payment System, They Must Hold VNDT in Reserve.

Vendit

ROADMAP

TimeLineHorizontal
ICOTimeLineWHITEWRITING

Leadership

"Dream it. Wish it. Do it."

249328_10100637249074767_884861711_n

Mike
Hu

President / CEO 

shawn

Shawn
Fan

Managing Director / IT Consultant

ronald

Ronald
Bullens

Chief Marketing Officer

stringer

Matt
Stringer

Chief Creative Officer

miketaylor

Michael
Taylor

Chief Operating Officer

pt

Patrick
Thomas

Implementation Engineer

Alexx

Alexx
Lewis

Brand Promotions Manager

brad

Brad Marsh

Advisor

CMO of PAC
Cem

Cem Kumlar

Advisor

CEO of Libereum

Frequently Asked Questions (FAQ)

General

What are Primary Payment Networks?

Primary Payment Networks are interchange networks that exists that facilitates current fiat payment systems. Example of such networks are Mastercard, VISA, Discover, American Express, Diner's Club, etc.

What is Vendit?

Vendit is a cryptocurrency exchange.  Coins on the exchange can be paired to USD (or official fiat of country of issuing bank).  Vendit debit cards will be available for cryptocurrencies on the exchange so holders may spend their coins at merchants.  Our APIs will be able to integrate with current merchants, payment processors, financial institutions, and primary payment networks (ie Mastercard, Discover, etc.) to facilitate seamless, real world cryptocurrency payments.

What is the Vendit Token?

The Vendit Token is an ERC-20 Token which is used as an Universal Transaction Coin used for all fees and payments on the exchange.  It is what drives and powers the Vendit exchange.

Why do I need Vendit Tokens?

Vendit Tokens are used to facilitate transactions on the Vendit Exchange.

How do I store Vendit Tokens?

You will need an ERC-20 compatible wallet such as MyEtherWallet (www.MyEtherWallet.com). Of course, you can also store Vendit Tokens on the Vendit Exchange.

Why Should I be a Vendit Customer/User?
  1. 0%-0.5% Fiat Deposit Fee (Depending on Issuing Bank)
  2. Discount Exchange Fees using Vendit tokens.
  3. True real-world, seamless use of your cryptocurrencies as payment without exorbitant fees, processing delays, and limited acceptance.
What Advantages does the Vendit Crypto Debit Cards Offer?

Vendit debit cards will initially be on a primary network rail and accepted everywhere they are accepted, which eliminates the usability problem facing current crypto debit cards.  Transactions also happen in real-time; the merchant is paid and we will deduct the requisite amount from the appropriate coin from the user’s wallet on our exchange – this eliminates the lead time involved with crypto-payments.

Over time, we will approach merchants on the current rails network to work directly through our system, bypassing these primary networks altogether and lowering their overall fees.

What is your Current Website Built on?

The current website is built off of Shopify's e-commerce system using Shopify Apps that may link to other web systems such as PHP or Wordpress.

What Type of Server will host the Exchange?

While the domain will stay the same, the exchange, once fully built, will be deployed onto our AWS high traffic server. It will also be fully connected and integrated to BitGo custodial services for security and TradingView for charting.

How can I participate in the Vendit Token Sale?

You can learn more and contact us on the Vendit ICO part of this page.

How Will You Succeed When Others Have Failed?

New technologies require new methods of thinking and efficiency. However, that way of thinking can sometimes bring up solutions to problems that does exist yet. While creative thinking is coveted, traditional thinking and understanding of an industry must still be the foundation of how that industry works. 

While utilizing technologies and efficiency to a company that is meant to maximize horizontal integration should be embraced, horizontal integration is ineffective without the vertical chain that must already exist. That is what's missing. There are areas or layers missing in the entire vertical chain that no matter how efficient you are in one part of that chain, it will not function without the entire chain.

Vendit is here to either fill in these holes or integrate with already existing companies, whether they are crypto related or not, to fill in those missing parts to connect the entire industry chain link by link. We have the relationships, we understand the technology, and we understand the traditional industry mentality all while utilizing more modern and creative solutions to problems that already and actually exist.

For Listing Coins/Token

How can I get Listed on Vendit’s exchange?

Coins can apply to be on the exchange.  You may contact us via email at coinlisting@coinvendit.com or click here to fill out the initial application contact form.

How can I Obtain and Distribute Crypto-Cards for my Coin?

There are options for each coin to obtain and distribute the crypto-cards themselves or leave distribution to Vendit.  Prices and quantities vary.  These options will be discussed during the negotiation process of the listing coin application.  Please feel free to reach out to us for any additional information via our support email at support@coinvendit.com.

Why should I try to get Listed on the Vendit Exchange?

While the better exchanges out there take care of their users, we want to go the extra mile and take care of the coins/tokens as well. 

  1. Coins reaching certain benchmarks (e.g. transaction volume) can receive a portion of the transaction fees of their coins aka Revenue Share.
  2. Part of the annual listing fee may be waived, and/or a portion of the application fee may also be refunded if certain transaction volume is reached within a set time frame (varies per coin/token). 
  3. Other profit sharing opportunities may also be available.  Additionally, these coins will gain the ability to be used as payment at all merchants accepting Visa, creating exposure and real-world use cases for the coin.
How Long is the Application Process?

That will depend and vary with each coin/token. As we expect you to do your research and homework on us, you should expect we will do the same with you. 

For Merchants

What is the Cost for Merchants to accept Vendit’s Debit Cards?

Accepting Vendit’s debit cards through the standard banking primary networks has no additional fees; you pay the same amount per transaction you currently pay.  The transaction fee is further reduced if you accept our debit cards through our separate network.  We can also integrate with your current processors to facilitate crypto-card acceptance or provide our own terminals/systems (or a subset of those) to process through our network.

What is the Advantage to the Merchants to Join Vendit's Network?

Joining the network means either the merchant has taken our POS terminal to accept card payments, not just limited to Vendit debit cards, or their merchant processor has integrated with Vendit's systems. This just means reduced fees and greater flexibility in payment options by accepting cryptocurrency and being positioned for the future advent of cryptocurrency as a form of payment.

Why should I Join Vendit Network?

Being on the Vendit network reduces interchange fees from 3% to 1.25%.  However, should you choose to accept cryptocurrency as a direct payment, it will drop the fees even more regardless of what coin/token is being paid with and what coin/token you wish to receive. The exchange will exchange those coins/tokens automatically for you.

Stay in Touch