Upcoming VSO token ICO is attracting interest. Why’s that? 

Verso Network is launching its native token VSO on April 25, 2021. The Avalanche C-Chain will issue this utility token. Investors owning VSO will have access to Verso network services and get various rewards. Furthermore, they will be able and even required to participate in community governance to develop the Verso ecosystem. A total token supply consists of 100,000,000 VSO. Even though the initial coin offering is still two days away, VSO has already attracted investors’ attention, ending among the other hot ICO tokens. Its rating is high, and analysts expect Verso to be very successful.

Verso is a decentralized marketplace created for the regulated financial service industry. It aims to become the bridge between traditional finance (CeFi) and DeFi. To achieve that goal, Verso standardizes the ways to distribute financial products and gave consumers access via regulated e-wallets and bank accounts.

Verso is community-governed by its participants. The latter comprises of financial service providers, as well as regulated financial institutions. The platform uses proprietary smart contracts to facilitate the product-specific money flow and distribution between financial institutions, service providers, and customers.

On the other hand, the platform significantly reduced its reliance on intermediaries. But it still offers significantly lower distribution costs with higher efficiency. The team is building Verso so that the platform could offer financial products conveniently to people worldwide within the existing relationships they have with their bank or their e-wallets. Verso plans to rest on Avalanche. That enables it to reduce the cost of network fees substantially.

What are the VSO token’s advantages?

The Verso token is a standard-based ERC-20 utility token. It gives users access to the Verso financial platform, as well as its services. Investors must own the token if they want to participate in product funding, voting, validator rewards, and processing product fetching. However, they can also use stable coins in addition to VSO, depending on the implemented use case.

Users can stake VSO tokens in 2 different ways. They can become a financial product validator. In that case, a stake is needed to ensure fair behavior among the validators. On the other hand, they can make a stake towards a proposal if they want to participate in the governance process. After staking, participants can cast their votes.

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