VaporWallet (VPR): Shaping the Future of Digital Finance

Recently, inflation has been a constant pain point in the finance world. But what if there were a user-friendly way to lucratively hedge against inflation through decentralized finance (DeFi)? VaporWallet has made it possible to do so through your Visa Card. It’s unlocked new possibilities for fighting inflation through crypto, making VaporWallet a secure and adaptable alternative in the competitive web3 space. Not only was VaporWallet the first Asian web3 platform backed by Visa, but its IDO was the biggest ever to be held on Bybit, where over 40,000 investors participated.

Let’s learn about this innovative project that’s ready to take off in 2024.

Key Takeaways:

• VaporWallet is the first Asian web3 project to be backed by Visa and has gone on to hold the biggest IDO in Bybit's history, with over 40,000 participants.

• Its utility token, VPR, has various uses on its platform, such as incentivizing users to purchase mutual funds and as payment for transaction fees.

• You can buy VPR on Bybit as a Spot pair, in addition to staking VPR to earn rewards and monthly bonuses.

What Is VaporWallet?

VaporWallet is a gas-free crypto wallet designed to cushion web3 users from inflation by providing a seamless and user-centric investing experience that helps preserve value through DeFi.

Launched in May 2023 through the Visa Accelerator Program, VaporWallet aims to create an intuitive way to invest in crypto using your Visa card, efficiently minimizing gas fee complexities. The project combines its innovative framework with Visa's established traditional financial system, leading to an inflation-resistant investment strategy for users.

Since its launch, VaporWallet has had quite an impact in the crypto space. In September 2023, the platform partnered with e-commerce metaverse platform Playbux to implement an NFT quest in which participants experienced multi-tiered reward-filled challenges that included VPR token rewards. The Vapor NFTs earned from the quest can be traded, and are listed on top NFT marketplaces such as OpenSea and Element.

What Is VPR Token?

Vapor (VPR) is the utility token for VaporWallet. As a multi-purpose token on the platform, VPR is designed to increase user engagement with the wallet. Some of the benefits of VPR include:

• Mutual funds — Can be used to purchase VaporWallet’s mutual funds, which boosts yields for the users and brings them extra profitability.

• Staking — Staking through the platform’s tiered system to earn rewards, discounts and exclusive product access.

• Transaction discounts — Use VPR to pay for transactions when interacting with the VaporWallet ecosystem and receive discounts on exchange rate and mutual fund fees.

• Credit card fees — VPR can be used to pay for Visa credit card services.

• Cashback incentives — Receive VPR as cashback for purchasing products with VaporWallet.

VPR Tokenomics

VPR has a total supply of one billion tokens distributed as follows:

• Liquidity — 14.87%

• Treasury — 29.58%

• Protocol Rewards — 11%

• Public Sale — 2.5%

• Marketing — 0.55%

• Team — 24.5%

• Core Contributors — 17%

Distributed tokens will be released into circulation based on the below vesting schedule:

Is VaporWallet (VPR) a Good Investment?

From its start, VaporWallet identified a gap in hedging against inflation in the crypto market and created a product that addresses this need. Through its unique approach to the DeFi niche, VaporWallet continues to report success by achieving various milestones.

Furthermore, VaporWallet is the first Asian web3 project to be backed by Visa, a solid name in finance. This collaboration facilitates seamless onboarding into crypto without the hassle of gas fees.

Apart from acting as an inflation hedge, VaporWallet takes the issue of security seriously. As such, the project enlisted Hacken, an international cybersecurity company, to conduct a security audit of its smart contract, for which it scored 10/10. Such a perfect score — combined with multi-factor authentication on the platform — reaffirms that the project is keen on ensuring the security of investors’ assets, which is critical especially in the hacker-prone world of cryptocurrencies.

Additionally, VaporWallet has achieved significant milestones, including listings on top cryptocurrency exchanges such as Bybit. The project has a fully loaded road map for 2024 and beyond, which could help consolidate it as a top DeFi contender.

For all of these reasons, we believe that VaporWallet constitutes a good investment for those keen on using DeFi to hedge against inflation prevalent with traditional financial systems. That said, this shouldn’t be taken as financial advice. We highly recommend you research before investing in VaporWallet or any other altcoins.

Where to Buy VaporWallet (VPR)

You can buy VPR tokens as a Spot pair (VPR/USDT) on the Bybit exchange, where you’ll experience seamless trading with the platform’s user-friendly Spot trading terminal.

To celebrate this listing, Bybit is holding a Token Splash event from Jan 4, 2024 to Jan 25, 2024 with 60,000 USDT up for grabs. Of this amount, 50,000 USDT is exclusively for verified new users who accumulate a deposit volume of 100 USDT worth of VPR, or who deposit 100 USDT and use any amount of their deposited USDT to trade VPR on Bybit, while the remaining 10,000 USDT is for existing users. 

Bybit also has a limited-time period VPR staking pool in which you can strategically lock your VPR tokens to earn monthly bonuses. Choose between 30-, 60- or 90-day pools with APRs of 10%, 30% and 60%, respectively. By participating in the staking program, you’ll also stand a chance to become one of the top 10 monthly winners and receive Winner tickets, which you can use to unlock rewards on the VaporWallet platform. 

Closing Thoughts

VaporWallet is a revolutionary digital financial platform that provides crypto enthusiasts with an innovative way to hedge against inflation in the modern digital age, where the value of user assets is being eroded at an alarming rate.

Its collaboration with Visa provides VaporWallet solid backing and access to the masses already using Visa cards. Based on its highly successful IDO on Bybit, the project seems to have struck the right chord with the DeFi community. Time will tell whether VaporWallet can continue this momentum.

#Bybit #TheCryptoArk