What is Valorem?

Valorem is a decentralized blockchain that governs itself by establishing trust between all users utilizing verifications via the Valorem Platform. Implementation of smart contracts from Ethereum the ever-expanding Valorem platform allows for an array of services via our cryptocurrency. In order to use the platform, a user must exchange their tokens into the VLR and then they are able to use the platforms functions. As trust is built, and more features from Phases 2, 3 & 4 are added, the user will be able to do more.

What is the vision?

The vision is simple. The people who are in this project are tired of paying more and getting less in their respected countries. We are tired of using fiat currency that goes down in true value instead of up. We want more buying power. We want to create an ecosystem that generates value and we will do that by adding users, vendors, partners, trade's people, and various other interests that will allow us to keep exchange on the platform a valuable one. We want to create and add-value. Simple.

What does Valorem stand for?

Valorem - is valor; Valor, to be well or strong; — strong, in life (if a man), or valiant; strong, for life (if a thing) or valuable. To be "valuable," therefore, is to "avail towards life." – John Ruskin


Value must be estimated & proportionate to the goods and transactions concerned. Valorem platform will be a decentralized blockchain hub where all sorts of transactions can take place. Users can use our technology to start businesses, become their own payment processing company, allow lending, and so much more. The purpose of Valorem is to be a platform of simplicity and transparency for both parties of a transaction.

What the name of the token?

The token is called the VLR.

What is the Pre-Sale Minimum?

The minimum for Pre-Sale is 5 Ether, that will yield 5,000 VLR + 50% Bonus.

What is the Token Sale Minimum?

The minimum for Token Sale is 0.1 Ether.

What are the details of the Token Sale?

Our goal is to raise a maximum of $52,500,000 USD and a minimum of $25 Million USD. Some of the numbers may change with Eth/USD exchange rates and volatility.
• Maximum Financing: 52,500,000 USD
• Minimum Financing: 25,000,000 USD
• Exchange Rate: 1 ETH = 1000 VLR
• Token Contract Address: (Published through various channels 48 hours before sale launch)
• Launch Date & Time: Nov 10th 2017
• End of Token Sale: March 30th 2018
• Token Launch Completion: Token Sale will end when the max number of ETH/BTC is reached
• Bounty: 5-7% of reserve tokens
• Burn: 10-20% after end of ICO
• Bonus Schedule:
• Presale Start = 16 Oct – 50% Bonus
• Stage 1 Start = 15 Dec – 25% Bonus
• Stage 2 Start = 5 Jan – 20% Bonus
• Stage 3 Start = 25 Jan – 15% Bonus
• Stage 4 Start = 15 Feb – 10% Bonus
• Sale End = 30 Mar – 0% Bonus

Distribution
• Total VLR Tokens: 200,000,000
• Tokens available to public after launch: 150,000,000
• Tokens held in reserve: 50,000,000

Will there be a Valorem crowd sale? When?

A Valorem fundraiser will begin on Oct 30th, 2017 at 8:00AM EST and can be accessed at www.advalorem.io. The purpose of the ERC-20 VLR token is to maintain a stable value on the platform so that users can trust that their token will not lose value. The purpose of the crowd sale is to continue to expand the Valorem platform and to stabilize value of exchange.

How do I contribute to the Valorem ICO?

There will be 3 ways to contribute to the Valorem Foundation's project. The first via Bitcoin. The second via Ethereum. During the crowd sale you will access www.advalorem.io and follow instructions to create a wallet and download a backup of that wallet in the form of a pdf document. We recommend you print, or manually copy this file and place the document in a safe place. Here you will be able to transfer your BTC or Ether to Valorem. The third way you will be able to contribute is via wire. Instructions for this will be sent when the crowd sale begins.

Can I mine Valorem?

Yes, you can mine Valorem via Ethereum.

Will there be a product before the crowd sale finishes?

Yes, it will be the first of four or more versions. It will contain a dashboard for user's to explore. The update after that will have the following services available:
Microloans
Car Loans
Student Loans
Rent Payment
Peer to Peer Management via Host

Having the product before the crowd sale is very important. All of those that participate in the crowd sale will receive a credit towards usage of the platform when it is live. The importance of this is paramount as we are looking to build a strong community and feedback on the project is crucial. We need all participants to advise us on our Slack and Bitcointalk channels of improvements we must make. Valorem Foundations success is a direct result of your input, effort and participation. Please contribute to the success of this innovative platform so we may all succeed together.

How competitive is this service and what is the size of the potential usage?

The Valorem Foundation is well aware of many other products such as this in the crypto-community. We understand that on the face of it there isn't anything novel. Over time, our version updates and feature set's will show how original and necessary our concept was. Our team of advisors are real business people. Some are people who know how to build businesses, do lending, guide insurance setup and so much more. The team is hard working and many of them have built their own businesses from the ground up. Others on our team are heavy into the blockchain development. These people will code the plans and ideas that come our way. All this is done as a centralized setup at first, but once the platform is running smoothly and trust between users grows, we will ensure that the community will maintain control over the ecosystem without our involvement except to enhance it accordingly. A true decentralized ecosystem will begin.

How necessary was it to create a new token and what is the value of the token?

Before we started, we evaluated using the ETH or BTC, we quickly found that due to the importance of being able to implement our rules and specific requirements would involve us to fork them. We opted against that and thought it best to start with a clean slate. Our utility token VLR will be valued at 1 VLR = 200 ETH. We believe that is a good starting point for us to measure closely to the value perceived by the general public.
The other reason we opted to create our own currency is because we believe that we can maintain and grow the value via massive utilization of our platform. We are already in talks with property owners, business owners and key figures in the space to start utilizing the platform as soon as it is live. We need their feedback to improve it. We believe that the value-added approach that we have mapped out will dramatically increase the value of the VLR once community realizes the platforms true potential.

What compliance measures have you implemented or plan to implement, do I need to worry about you being a security or issues with the SEC?

The Valorem Foundation is well equipped with strong legal advisors as well as strong regulatory contacts. Even before we began coding we knew that getting the proper legal guidance was a must. Regulation in the cryptocurrency is new and as new rules come down the line, we will be quick to implement them.

We will setup a SAFT Agreement for our presale, and follow all requirements for Reg D filling within the US to stay compliant.

We believe that being a strong utility token as well as having a product before we launch prevents us from being a security and since we do not offer any investments or returns or dividends on the platform, there isn't much for us in the Howey test.

The Valorem Foundation truly believes in diversity and decentralization to create a business. We have numerous people developing our blockchain tech, but at the same time it has been our experience that best ideas come from outside influences, people who are credible and have real world knowledge and applicable knowledge. While they all know the concept of the blockchain and the value it brings. They are also highly vested in building a strong value based platform. These people bring different life experiences to the platform and we are lucky to have such a strong and committed panel of experts to help guide this project.

What is the plan for this business, how will it succeed over other many other ICO's?

Many of the ICO's that are coming out today are important to expand the cryptocurrency industry, some have real world application, but many have no business expertise, they do not know how the monthly expenses work, how to hire, and build a business, etc. Luckily, our team is filled with true entrepreneurs who have successfully built and managed brick and mortar as well as e-commerce businesses. These individuals are very verse in growing their market, gaining and retaining customers, developing new products and managing large and small scale enterprises. The reason we will be successful is simple. It's our people.
Our business model is simple. Create an ecosystem where users, vendors, product and service providers of all kinds an come together and grow. By creating an enormous value adding technology we are looking for longevity and retention. Valorem's structure will be based on a small number of fees from every transaction. These fees will fuel future development so we will not need to do another round of funding.

What is your development roadmap?

Unlike many other ICO's, We have not waited for the presale to start development. Much of the framework for the contracts is already developed and on our GitHub

Pre-Development/Code Testing - Completed as of 9/1
Back End Development/User Platform & Wallets - Completed as of 9/7
Whitepaper Development/Advisory Group - Completed as of 9/20
ICO/VLR Coin is Live!
Platform is Live - Limited Features
Phase 1 Development - due by March 15th 2018
Phase 2 Development - due by June 2018
Phase 3 Development - due by July 2018
Improvements & Tweaks

What will you do with all the BTC/ETH/USD you raise?


30% for Valorem Platform Development
25% for Sales & Business Development
15% for Marketing & Advertising
10% for Contingency
10% for Contractors
10% for Admin

Who is the Core Team, what are their capabilities and strengths?

Val Kleyman - CEO/Founder - Successful Entrepreneur, Real Estate Investor, Developer, and Manager. Experience in Sales and Business Development. Baruch College, NY

Harinderjit Singh - Head of Wed & Design Development, PHP, MYSQL, HTML, CSS, JS, JQUERY, Squarespace, Wordpress, Infusionsoft, SuiteCRM, Msc(IT), Punjab University

Navdeep Garg - Head of Platform Development - IOT, Ui/Ux, cloud, web and mobile, machine learning to brand equity, Degree: IT Policy/EPS Solution National University of Singapore

Anurag Makol - Lead Developer of Valorem Platform - Sr. PHP Developer, Blockchain Architect, Degree: Engineering, MBA/IT, Lovely Professional University

Yaron Vilosny - 16 years in Business Development, Strategy, E-Commerce, Logistics

Jared Raia - 7 years in Commercial & Residential Lending & Real Estate Development

John Kleppinger - 10 years in Auto, Home, Business, Casualty, Liability & Life Insurance

Kent Wallgren - 20+ yrs in Wealth Mgmt, UI/UX creation, Algo, AML, KYC, R & C

Payal Jain - 7 yrs in Digital & Online Marketing Strategy

Joseph Yoo - 10 yrs in IT and Specialized Network Infrastructure, Security, and Server Development

Dennis Kim - 5 yrs in Building Code Consulting, Direct Sales, and Marketing and Business Development

Hwan Namkung - 2 yrs in Pharmacy Operations and Pharmacy Technician

Joseph Daniels (Legal) - Joseph Daniels is Co-Chair of the firm’s Venture Capital & Emerging Growth Companies practice. He represents startup to publicly-held technology, life science and consumer companies, venture capital and private equity funds and investment banks in a wide range of seed and venture financings, mergers and acquisitions, IPOs and other public offerings. He regularly advises a broad range of startups, venture-backed companies and VC funds, and has led hundreds of venture and strategic financing transactions. Mr. Daniels has helped companies and private equity firms handle dozens of merger, acquisition and disposition transactions. Additionally, he has represented issuers and underwriters in scores of IPOs and follow-on public offerings involving companies in the technology, life sciences and consumer sectors, including leading investment banks such as Credit Suisse, Morgan Stanley and Oppenheimer.