Topic: [ANN][vSPACEX] vSPACEX by ItoVault | Defi Pre-IPO Token Pegged to SpaceX (Read 128 times)

Great question -- this is a good chance to explain how vSpaceX works. 

vSpaceX represents *debt* issue by vaults that hold Ethereum.  This is exactly the same model as how DAI works with MakerDAO.  This means that there is no theoretical upper bound in the number of vSPACEX tokens that can exist -- just like there is no upper bound on DAI. 

The value of vSPACEX tokens is obtained from the ETH in vaults, and the fact that after SpaceX IPOs, the tokens will settle to the SpaceX value.

If you want to buy a token related to ItoVault that has a max supply and will only decrease over time, you should wait for a potential ItoVault Token to be distributed!

Hi, so what is the maximum total of this tokens? this is importent for any investor. Thank you.

Yes, vSPACEX is still based on the ItoVault system and we're open about that.  In fact we linked to that exact other thread ourselves with the sentence "Based on the open-source ItoVault system."

We actually have both vSPY and vSPACEX trading, and we're open that they're based on the same concept and linked to the same system (thought vSPACEX has different smart contract features like using a Uniswap TWAP price).  

We did vSPACEX after running two polls after launching vSPY, and customers telling us they'd like to see a SpaceX pre-IPO token.  Since each token takes substantial time to make and maintain afterwards, we don't have any intention of going with hundreds of symbols.  

How does having more desirable symbols after user feedback detract from previous ones or make them less trustworthy?

https://bitcointalksearch.org/topic/m.56051667 you just change the token ticker from vSPY to vSPACEX, very creative.
With just one site https://itovault.com/ looks like you'll go with more than 100 token ticker. Trust me, these trick will not increase people's interest, instead it will make people even more alert.

vSPACEX by ItoVault is an open source, decentralized finance (defi), pre-IPO token that tracks the common share price of SpaceX.  vSPACEX offers a way for users to be exposed to the returns of SpaceX, which is still a rapidly growing private company. 

vSPACEX is an ERC-20 token trading on the Ethereum mainnet blockchain.  The value of vSPACEX is backed by ETH locked in a vault, similar to the MakerDAO/DAI system.  No centralized custodian or counterparty needs to be trusted for vSPACEX to hold its value.  Vault owners must maintain ETH in a vault above a safety margin.  If the ETH is below that margin, the vault may be liquidated by anyone in the ecosystem to claim a reward.  This incentivizes vault owners to overcollateralize the vSPACEX.  Vault owners who deposit ETH and mint vSPACEX can lever up their long ETH and short vSPACEX position.  After SpaceX IPOs, vSPACEX settles to the price of a SpaceX share as publicly traded.

Quick vSPACEX Facts:

- Based on the open-source ItoVault system.
- Decentralized finance: a smart contract holds the backing funds, not any counterparty.
- Corporate actions on SpaceX automatically integrated into price.  Just buy and hold vSPACEX to capture the holding value of SpaceX.  No locking or complex transactions needed.
- Currently a 50% maintenance margin for vaults.
- No system fees for using vSPACEX.
- ERC-20 token standard.
 

Main Pages:

Whitepaper
https://itovault.com/wp-content/uploads/2021/03/vSPACEX-V1-Whitepaper-by-ItoVault.pdf

Uniswap: Buy, Sell, or Provide Liquidity:
https://app.uniswap.org/#/swap?outputCurrency=0x44e28f2acc84c36373badcd681749d38e01e2cc4

Mint vSPACEX Tokens:
https://itovault.com/vspacex-tools/

Other Pages:

Blog:
https://itovault.com/own-spacex-with-the-vspacex-token/

FAQ:
https://itovault.com/faq/

Etherscan Smart Contract Address:
https://etherscan.io/address/0x31ce064c35e03f0bc9d746835e25a98d944a24d3#code

Buy vSPACEX on Uniswap:
https://app.uniswap.org/#/swap?outputCurrency=0x44e28f2acc84c36373badcd681749d38e01e2cc4