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June 4, 2023

VRRB labs (en)

VRRB labs project overview:

VRRB is a decentralized protocol that combines speed, scalability and decentralization without sacrificing security.

The main difficulty faced by crypto startups is that among the huge number of programmers in the world, only 1.5% write in the programming languages ​​necessary for blockchain technologies (Solidity for EVM-compatible networks, Rust for Solana, Polkadot, Elrond or Move for Aptos and Sui).
This greatly hinders the mass distribution of Web3.

VRRB solves this problem!
In this blockchain it does not matter what language the developer can program in - absolutely any programming language will do, even if it is not related to blockchain technologies (for example, C ++, Java, Pyton).
This is the main advantage of VRRB and the main advantage for the quick development of the project.

What's more, VRRB is a fast, scalable layer 1 blockchain based on a new consensus mechanism called Proof-of-Claim that provides double scalability for record-breaking transaction speeds and server performance.

VRRB implements a new approach to DevOps and smart contract execution.

The VRRB smart contract platform isolates each smart contract in its own containerized execution environment.
Each program deployed on the VRRB network contains its own virtual micromachine, created in accordance with the specification of the considered program.
This provides developers with maximum flexibility, allowing them to create composable smart contracts in a language-independent platform.

VRRB offers a flexible, composable and secure computing platform that is independent of the programming language.
The VRRB Computing Platform takes Web3 beyond the paradigm of ownership, tokenization and event-driven transfer by offering a decentralized shared execution environment that can be used in DeFi and Web3.

VRRB provides the most flexible developer experience available on any smart contract platform, allowing developers to build in any language of their choice.
VRRB programs are safely designed, allowing developers to spend more time thinking about building core business logic and design.
This gives developers shorter roadmaps, lower audit costs, results in fewer bugs, less maintenance, and ultimately results in a better user experience.

An infrastructural project, an interesting innovative concept for a new L1 blockchain vision that can succeed.

Team

Experienced advisers:

The team is assembled, constantly expanding with experienced professionals.
Advisors are strong and eminent.

Investors

Pre-Seed round investors: Jump Crypto, Big Brain Holdings ΠΈ Taureon.

  • Jump Crypto β€” a division of the trading giant Jump Trading, which specializes in algorithmic and high-frequency strategies. The largest investment fund and market maker in cryptocurrency.
    The most famous projects from his portfolio: Aptos, Sui, Solana and Polygon blockchains, KuCoin exchange, Chiliz fan token creators.
  • Big Brain Holdings β€” a well-known American venture fund that invests a lot and actively in crypto startups at early stages.
    The fund has a very large portfolio, its most famous investments are: Near, Solana, TheGraph, Chia, arweave.org, MystenLabs, Oasys, Shardeum.
  • Taureon β€” an American investment and consulting firm that does not advertise its activities.

Very serious set of investors for a project at such an early stage.

Token utilities

The main utility of the token for each blockchain is to pay the blockchain commission and be the main currency of the network.
In Ethereum it is ETH, in Binance Smart Chain it is BNB,
The project will also have its own token - VRRB.

  • Gas fee for all transactions and computing tasks in the VRRB network.
  • Rental/hosting fees for programs on the VRRB network.
  • Staking for validators and computing nodes in the VRRB network.

Tokenomics

Tokenomics has not been written yet and will appear later, which is not uncommon for the earliest rounds.

When Jump Crypto enters the project at an early stage as a lead investor, they write the tokenomics of the project themselves a bit later and they do it very well.
We had exactly the same situation with the Lava Network project, where there was no ready-made tokenomics and Jump Crypto also took over this part.

Two early rounds' prices are known only:

  • Pre-Seed round price β€” $0.025 with the round valuation of $2 million.
  • Seed round price (our round) β€” $0.0625 with the round valuation of $4.5 million.

We would like to highlight the very low evaluation of the rounds for an infrastructural project.
Usually, these indicators are many times higher, which means that when the project is publicly promoted and there is a demand for the token, it will be much easier for the market maker to improve the price of our token and the token will give big profit.

The listing of the project is scheduled for the 1st quarter of 2024.

Social Media

🌐 Website β€” https://vrrb.io/ β€” creatively executed

🐦 Twitter β€” https://twitter.com/VRRBLabs β€” 3.2K subscribers

πŸ‘¨πŸ»β€πŸ’» Telegram β€” https://t.me/+4nJPCLdzGOUyMDQx β€” 1.4K subscribers

Social networks are maintained qualitatively and regularly.
Interest from large funds is already visible: these are Paradigm, Huobi Ventures and Spartan Group.

Summary: a promising first-level blockchain, it will be developing nicely because it isn't tied to any specific programming language. Still at an early stage of development, which is also a plus.
We recommend replenishing the crypto portfolio with this potentially successful and sought-after token for the long term.

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@denysenko21
June 4, 2023, 18:58
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