The token for lean investors
A token to bridge the gap between FIAT money and crypto, based on anxiety-free investing.
The project behind the VEB token
We are building an app that will let everyone invest into crypto assets by rounding up their everyday spendings and learning along the way. Carefree.
- Connect your debit cards to the app
- Pick your cryptocurrency of choice
- Automatically roundup your spendings
The Veblean roundup and its breakdown
Let's consider the £3.30 coffee purchase illustrated above. Veblean will automatically round it up to £4 and reinvest the change towards your own crypto portfolio. Guess it’s safe to say that all those spendings are finally paying back.
- Roundup Breakdown
Percentage
Amount
- Crypto of choice
85%
£0.595
- VEB token
10%
£0.07
- Platform fees
4%
£0.0028
- Marketing
0,5%
£0.00035
- Liquidity Pool
0,5%
£0.0035
- Total Roundup
100%
£0.70
Curious to learn more? Check out the veblean whitepaper
Tokenomics that give 5% back to all holders
There’s a 5% fee that’s automatically applied to every buy/sell transaction of the VEB token, which is then proportionately distributed back to the token holders.
- Opportunity to generate passive income
- Reduces volatility by encouraging hodling
- Fairly distributed among all token holders
User growth projections and reflections value
Year 1
50,000 users
Total Roundups
£39,000,000
Buying VEB
£3,900,000 (10%)
Number of Transactions
78 Million
Year 2
100,000 users
Total Roundups
£78,000,000
Buying VEB
£7,800,000 (10%)
Number of Transactions
156 Million
Year 3
200,000 users
Total Roundups
£156,000,000
Buying VEB
£15,600,000 (10%)
Number of Transactions
312 Million
Year 1
50,000 users
Total Roundups
£750,00,000
Buying VEB
£75,000 (10%)
Number of Transactions
1.5 Million
Year 2
100,000 users
Total Roundups
£1,500,000
Buying VEB
£150,000 (10%)
Number of Transactions
3 Million
Year 3
200,000 users
Total Roundups
£3,000,000
Buying VEB
£300,000 (10%)
Number of Transactions
6 Million
These projections are calculated based on an weekly European average of 30 cashless transactions per week (in 2022) and assume an average roundup of £0.50. Both the “Buying VEB” and “Distributed Reflections” parameters are a direct result from said projections and our Tokenomics. For more detailed information on this, please read the Veblean Whitepaper.
VEB token sale and total distribution
The total supply of tokens is distributed among the primary needs of the company, as listed below. There will be a pre sale with the intent of raising capital to cover licensing fees, technology, and platform development.
- Distribution Breakdown
Percentage
- Sale & Pre-Sale
25%
- Core team
10%
- DEX Liquidity Pool
10%
- Marketing and Advisors
10%
- Ecosystem Reserve Fund
10%
- Ecosystem Reserve Fund II
10%
- Early Staking Rewards
9%
- CEX listing for VEB token
8%
- Future B2B partnerships
8%
The main opportunities ahead
Financial opportunity
Veblean will grant early investors the opportunity to access stakable liquidity pools with high APY rewards. Moreover, they will get a voting right on topics such as buybacks, reducing the token volatility and improving its long-term value.
Educational opportunity
One of the main propellents of this project is to elude all generations on crypto assets. We want to provide Learn & Earn programs that reward our users by educating them on cryptocurrencies, blockchain, and different emerging technologies.
Social opportunity
Care Circles will bring people together over many different types of social causes. However, Veblean will also work with some partners to bring global care circles, where users across the world can help us achieve large-scale social impact.
Early-stage milestones
Q1 2023
Market Research
Tech & Design Research
Legal Consultation
Core Team Created
Q2 2023
Tokenomics Model
Whitepaper V1.0
Design Development
Q3 2023
UK Company Incorporated
Q4 2023
Website Launch
Whitepaper v2.0
Q1 2024
FCA Licensing
UX Wireframing
Design System
Q2 2024
Mobile App Development
Web3 Integration
OpenBanking Integrating
Q3 2024
Alpha Community Testing
Mobile App v1.0
IDO Smart Contract Audit
Q4 2024
App Pilot Launch
University Partnerships
EU & UK Living Lab
Founders, builders, and lean investors
The founding team is a group of successful entrepreneurs and executives with a wide range of experience in blockchain, crypto, payment networks, regulatory and license applications, banking systems, RegTech, R&D in technology, and venture HealthTech.
Advisors and partners
Got something on your mind?
Which blockchain are you building on?
Veblean is proudly building on the Ethereum Blockchain. We believe Ethereum offers a robust and established foundation for our platform. While we remain open to monitoring other blockchain technologies, Ethereum, in our view, is a solid choice due to its reliability and widespread adoption in the crypto world.
What’s VEB’s max total supply?
The maximum total supply of VEB tokens is 10 billion.
How will VEB be mined?
All VEB tokens will be pre-mined at the point of creation, and they will be distributed according to our token distribution plan. This means that all VEB tokens are created and allocated from the beginning.
What are Veblean’s plans in terms of tokenomics?
Veblean’s tokenomics strategy is built on strong pillars:
Growth by Design: The more customers we have, the stronger the buying pressure on the token. This is because 10% of each round-up is used to purchase VEB tokens, driving demand.
Programmable Symbiosis: As our user base grows, so do the round-ups and token reflections. Smart contracts ensure that all payouts are autonomous and fair, benefiting all token holders.
Passive Income: A 5% fee is automatically applied to every buy/sell transaction of the VEB token. This fee is proportionately distributed back to token holders. It’s a way to incentivise holding, as it ensures that the number of VEB tokens in a holder’s wallet grows even while they sleep.
- Futureproof: We’re committed to improving our ecosystem. Our future plans include integrating other DeFi products to provide users with access to higher APYs, the ability to invest in popular market stocks, and even seeking licenses to lead the adoption of security tokens. Our goal is to keep evolving and offering more value to our community.
Distribution of tokens (VEB)
What’s Veb’s max total supply?
The maximum total supply of VEB tokens is 10 billion.
How much will be sold in the IDO?
During the Initial DEX Offering (IDO), we plan to sell 2.5 billion VEB tokens.
What will VEB’s price be for the IDO?
VEB’s price for the IDO will be $0.001 per token.
When is the VEB IDO?
The VEB token IDO is being scheduled for Q3 2024.
Will there be a pre-sale?
Yes, there will be a pre-sale. To participate and have a chance to enter the whitelist, please register your interest. Don’t miss out on this opportunity!
Will there be a discount during the pre-sale?
Yes, there will be discounts during the pre-sale. To get more information about the discounts and have a chance to enter the whitelist, please register your interest. It’s a great opportunity to secure VEB tokens at a special rate.
What are Veblean’s plans in terms of tokenomics?
Veblean’s tokenomics strategy is built on strong pillars:
Growth by Design: The more customers we have, the stronger the buying pressure on the token. This is because 10% of each round-up is used to purchase VEB tokens, driving demand.
- Programmable Symbiosis: As our user base grows, so do the round-ups and token reflections. Smart contracts ensure that all payouts are autonomous and fair, benefiting all token holders.
- Passive Income: A 5% fee is automatically applied to every buy/sell transaction of the VEB token. This fee is proportionately distributed back to token holders. It’s a way to incentivise holding, as it ensures that the number of VEB tokens in a holder’s wallet grows even while they sleep.
- Futureproof: We’re committed to improving our ecosystem. Our future plans include integrating other DeFi products to provide users with access to higher APYs, the ability to invest in popular market stocks, and even seeking licenses to lead the adoption of security tokens. Our goal is to keep evolving and offering more value to our community.
Distribution of tokens (VEB)
Allocation of raised funds (ETH)
We have a clear plan for allocating the funds:
Technology Development: 50% of the raised funds will be dedicated to technology development, ensuring that we continue to innovate and improve our platform.
Marketing and Promotion: 20% of the funds will be allocated to marketing and promotion efforts, helping us reach a wider audience and grow our community.
Liquidity Pool: 10% will go into the liquidity pool, enhancing the liquidity of VEB tokens for smoother trading experiences.
Founding Team: 10% is reserved for the founding team and leadership incentives
IDO Fees: 5% will cover IDO (Initial DEX Offering) fees, facilitating the successful launch of our tokens.License Fees: The remaining 5% will cover license fees, ensuring that we meet all regulatory requirements and operate compliantly.
This allocation strategy is designed to support the growth and sustainability of our platform while maintaining transparency and accountability.
Does VEB offer a passive income opportunity?
Indeed, VEB offers a passive income opportunity. We have implemented a 5% fee that is automatically applied to every buy/sell transaction of the VEB token. This fee is then proportionately distributed back to the token holders. As a result, the number of VEB tokens in your wallet can grow even while you’re asleep. It’s a smart way to incentivize holding and watch your assets grow effortlessly.
Do I need to KYC (Know Your Customer) to enter the IDO? Why?
Yes, KYC is required for participating in the IDO. This is done to ensure regulatory compliance and maintain the security and integrity of the IDO process. KYC helps us verify the identity of participants, prevent fraudulent activities, and create a safe environment for all participants. Your security and the security of our platform are our top priorities
Is there an anti-whale policy for the IDO?
Absolutely. We are actively working on establishing rules and mechanisms to prevent the acquisition of a significant number of tokens by individual participants. Our aim is to create a fair and balanced distribution during the IDO, ensuring that all participants have an equal opportunity to participate. Stay tuned for updates on our anti-whale policy.
What is Veblean?
Veblean is a groundbreaking platform designed to democratize crypto investment by breaking down financial, technical, and educational barriers. It empowers users to make micro-investments in cryptocurrencies through a unique feature called “roundups.” When you link your debit card to the Veblean app, your payment transactions are rounded up to the nearest pound, and the spare change is automatically invested in cryptocurrency based on your preferences.
Veblean goes beyond roundups and offers various investment plans, including one-offs, daily, weekly, and monthly pre-selected investments. This allows users to start investing in crypto with as little as one penny, making crypto investments accessible to a wider audience
What is Veblean positive social contribution?
Here’s how Veblean is making a positive social impact: Veblean’s Care Circle features enable families or groups of people to work together to save and round-up funds for shared goals, such as education or health expenses. This innovative feature promotes financial inclusion, growth, and stability across all socioeconomic groups. It fosters a sense of collaboration and financial planning, making it more inclusive and goal-oriented. Veblean is dedicated to enhancing the financial well-being and aspirations of its users while contributing positively to society.
How does Veblean work?
Veblean offers a user-friendly and hassle-free experience with these steps:
- Download the Veblean App: Start by downloading the Veblean app to your device.
- Connect Your Debit Cards: Link your debit cards to the app securely.
- Choose Your Cryptocurrency: Select your preferred cryptocurrency for investment.
- Automatic Roundups: As you make payments with your linked debit cards, Veblean automatically rounds up your spending to the nearest pound, collecting the spare change.
It’s as simple as that! Veblean streamlines the process to help you effortlessly start investing in cryptocurrency with your spare change.
Is Veblean available to people outside of the UK?
Veblean is currently focusing on launching its operations in the UK and EU. We have submitted an application to the regulator and anticipate beginning operations in these jurisdictions in Q3 2024. In the interim period, we may operate under an agency license or partnership to enable pilot operations. We’re actively working towards expanding our reach, so stay tuned for updates on Veblean’s availability in other regions.
What's the minimum amount of money I need to get started with Veblean?
Getting started with Veblean is incredibly accessible. For roundups, you can begin with as little as one penny (1p or 1 Cent). Let’s say you’ve connected your debit card to the Veblean app and make a purchase of an item that’s £0.99. Veblean will automatically round it up to £1 and invest the change towards your own crypto portfolio. To keep it simple and micro, the maximum roundup will always be £1 or €1, and the smallest round-up starts at 1p or 1 Cent. It’s an easy and affordable way to start your crypto investment journey!
How can I sign up?
It’s a breeze! Simply join our mailing list and we’ll make sure to send you the download link for our app as soon as it’s launched and ready to roll. We look forward to having you as part of our community!
What are the options to have money into my Veblean account?
Veblean offers multiple ways to fund your account:
- Roundups: Veblean automatically rounds up your debit card payments to the nearest pound and invests the change into your crypto portfolio.
- Direct Debit (Weekly/Monthly): You can set up recurring deposits based on your preferences, whether it’s a weekly or monthly schedule.
- One-Off Deposits: Make non-recurring, one-off deposits at any time to boost your investment.
These options provide flexibility and convenience, allowing you to choose the method that suits your financial goals and preferences.
How do roundups work?
Great question! Round-ups with Veblean are super easy to understand.
When you connect your debit card to the Veblean app and make a purchase, we automatically round up the payment to the nearest value. The spare change (the difference between the closest rounded value and your purchase price) is then invested in your own crypto portfolio.
Example: Let’s say you buy a coffee for £2.50. The closest rounded value is £3. So, the round-up will be £0.50, and this amount is invested in your portfolio. It’s a clever way to grow your crypto savings without even thinking about it!
How much could I save from roundups?
You might be wondering how much you could save through our round-up feature. Well, the amount can vary from person to person, depending on your lifestyle and how often you use your card.
The savings from round-ups can vary based on your lifestyle and how frequently you make card payments. On average, our customers tend to invest approximately £15 per week through round-ups. This projection is based on the European average of 30 card transactions per week in 2022, with an average round-up amount of £0.50. It’s a simple and effortless way to boost your savings!
Will the Veblean wallet be custodial or non-custodial?
We want to offer you flexibility and choice when it comes to your wallet. So, here’s what you need to know: You get to decide! Veblean customers have the option to choose the type of wallet that suits them best:
- Veblean Wallet (Custodial): This wallet is perfect for those who are new to crypto. We’ve designed it to make entering the crypto world easy and user-friendly. This will be the standard option by default at Veblean as it removes the initial barriers for early adopters.
- Your Own Non-Custodial Wallet: If you prefer to use your own non-custodial wallet (like Metamask), you can connect it to our app. We want to give you the freedom to choose what works best for you.
What measures will Veblean take to ensure the security of the custodial wallet?
Ensuring the security of your funds is our top priority. Here’s how we’ve got you covered:
We’ve implemented a range of robust security measures inspired by best practices:
- Bank-Grade Security: We employ bank-grade security measures, including encryption of communication traffic and advanced user authentication protocols. Your data and transactions are protected at the highest level.
- Trusted and Awarded 3rd Parties: We partner with market leaders and specialists in the field to further enhance the security of your custodial wallet. These collaborations ensure that your assets are in the hands of experts dedicated to maintaining the highest security standards.
- Cold Storage: To safeguard your assets, the majority of our customers’ funds are stored in cold storage. We only keep enough in hot storage to ensure smooth and timely withdrawals. This approach minimizes the risk of unauthorized access to your holdings.
- Insurance: We understand the importance of additional protection. That’s why we have plans to seek insurance to provide an extra layer of security for your assets.
Rest assured, your security is our utmost concern, and we’re committed to keeping your funds safe and sound.
When will the money from my roundups enter my investment portfolio?
Your everyday micro round-ups are smartly saved together in a virtual pot of money within your Veblean account. They hang out there until they reach a minimum value of £10 ready to invest. Once your round-ups hit this threshold, they’re automatically invested in your chosen crypto portfolio. It’s an efficient way to make sure your investments are meaningful and substantial.