Ven is a global digital currency backed by a mix of currencies, commodities and carbon. It is stable, global, green and secure, with over 370 million exchanged since 2007 in financial markets and through the HubCulture.com network.
2. Digital Currency
ª Not issued by a government
ª Serves as an alternative unit of exchange
ª Legacy currencies in global commerce
ª Passes through multiple institutions
ª Fees
ª Days
ª High level of fraud and “charge backs” in eCommerce
ª Digital currency in global transfers
ª Direct from payer to payee
ª Very low cost
ª Instant
ª Very low fraud risk
3. Digital Currency
Money is becoming intelligent
2017
2.5 billion unbanked coming online
2018
Artificial intelligence agents/automated “bot”
payments pass $1 Trillion
2020
50 Billion connected devices
Cloud based, global currency is needed to service this
emerging market
4. Unlocking Value in the Social Graph
Big data is unlocking the value of connections in the social
graph and enables us to assign value to those
connections.
Virtual currency allows us to create and
maintain accounts relative to connections.
The bigger and more central the unit,
the more value it contains.
Eventually, all points on the social graph will mark a
value, and the value will be able to be exchanged.
Information = Currency
5. Digital Currency
Already a $12 billion market
3,000+
“alt-coin” derivatives of Bitcoin
7 Billon
est. digital currency market in 2013
10,000+
retailers accepting digital currencies
Cloud based, global currency is needed to service
emerging markets
6. Ven is the Internet Reserve Currency
Ven is a global digital currency based on the Internet.
It is 100% asset-backed, and less volatile than normal currencies.
This backing includes carbon, linking Ven to environmental protection.
Ven is highly efficient, exchanging instantly across borders at little cost.
As of September 2014, over 370 Million Ven have been exchanged.
2007 AD – Ven Lion, Internet reserve asset
610 BC – Lydian Lion, the first coin
9. Ven Flow
Ven Central
Reserve Board
Ven
Trust
GLACIER
Authority Status
Networks
Finance
Mobile
Social
Retail
Sovereigns
Exchanges
Wallets
Banks
MELT Redemption
Hub Culture
Ven Cash
HubID
Ven
Economy
11. Lots of companies use Ven
Hub Culture has worked with many global brands over the years and maintains strong partnerships around Hubs and Ven.
Over 60,000 global VIPs and experts have been personally engaged with over 20 Million Ven exchanged, 50% corporate
12. Ven’s Multiple Value Propositions
Everyday
People
² Global exchange, instantly
² Virtually no loss of value
² Single global price
Global
Businesses
² Hedges exchange rate risk by 50-90%
² Speeds up payments
² Simplifies external accounting for trusted
ecosystems, not just within company
² CSR: Carbon offset in every transaction
Financial
Institutions
² Reduces exchange rate risks in financial markets
² Addresses “price for carbon” issue without taxation
² Relief valve for currencies under pressure
² Facilitates capital transfer for challenging national
markets
15. Open Audits are Coming
Open Audit Initiative
*reports Ven TX to new, open block-chain
*creates audit transparency for other types
of transactions
*public accessed ledger, cryptographic key
*uses HubID
17. Digital Currency Comparison
Bitcoin
Ven
Speculative – demand backed
Hedge stability – from diversified asset backing
Anonymous – numbered blockchain
Transparent Social – linked to social network, HubID
Decentralized – no authority to call
Central exchange – a responsible reserve system
CPU basis – sucks energy to process
Asset basis – currencies, commodities, carbon
Libertarian – lack of social contract
Meritocratic – works within existing regulatory system
Digital Cash – both public and private
Digital Accounting – big data ledger, transaction histories
Open Source – this is good
Native Ecosystem – visible network, transaction tracing
$50M daily – and over $8B total
$2.5M total – projected 2014 FX trades: $1B
Energy Hungry – energy intensive
Helps Nature – over 5 million Amazon trees saved to date
18. Appendix
Information about Hub Culture, which manages Ven:
Online Social Network
HubID Authentication
Pavilions for Redemption
Ven Financial Services
19. The Hub Culture network manages Ven
Network + Knowledge + Places
Global + Currency + Sales
}
20. Hub Pavilions use Ven
Cannes
New York
Los Angeles
Copenhagen
London
Davos Ibiza
Rio de JaneiroIbiza
London
Davos
Beijing
Durban
Copenhagen
Ho Chi Minh City
Sacramento
22. Online stores drive revenue and redemption
} $100M In online
inventory available
The Hub Culture Store enables crowd-sourcing of curated products and services from the community.
Category and Item matrix allow for inventory promotion across the online network or at individual Pavilions.
Sales inventory ranges from membership to hotel rooms to books to showroom furniture to commodities.