VECAP - The Next generation of Smart Home

Vecap project is very ambitious and simple that guarantees the security of smart home networks thanks to innovative blockchain technology and smart contracts. Every action taken on this platform users will be recorded in a database that cannot be recovered and is almost immune - to solve it, hackers need to get administrator access to 51% of each device, which is very impossible because the project spreads around the world.

Vecap’s story began when one of our founders’ home network was hacked and his private information ransomed. He turned off his gaming console and disconnected it from the internet. His data was gone but with that disappearance came a strangely disturbing thought:

Instead of agreeing on a common networking protocol, each established their own server and application, causing their customer’s home network to be formed of disjointed parts with vulnerable links connecting them.

Their eagerness to profit from an exploding market has given hackers an upper hand. All they have to do is find one vulnerable point in your smart home– your router, TV, console, or any other appliance–and they’ll control your life. As the IoT industry grows to include basic utilities like water and electricity, the most optimistic predictions indicate that 8 out of 10 devices are vulnerable.

Soon enough, most everyday appliances will be networked. Given the outstanding security risks, it’s only natural one in every three people have put off setting up their smart home system.

THE MISSION

VeCap’s mission and vision can be summarized in one simple phrase. Vecap wants to create the "Next generation of smart home and office". VeCap will focus on making a home and office that think ahead come to life.

THE PROBLEM

In 2014, hackers stole about $350 million in bitcoins from Tokyo's Mt. Gox exchange. More recently, attackers successfully moved about $60 million worth of the virtual currency ether from the DAO, or Decentralized Autonomous Organization, to an account controlled by an unknown individual or group. Although most - but not all - of the funds taken in that theft were later recovered, it was another reminder that cybercriminals are targeting cryptocurrencies.

Cryptocurrencies, such as bitcoins and other digital alternatives, have been hailed as representing the future of money and global finance. Bitcoin, the first cryptocurrency, was created in 2009. Nowadays, hundreds of types of cryptocurrencies are in use, often referred to as altcoins (an abbreviation of “bitcoin alternative.”) New altcoins get launched every day.

There’s reason for the excitement. The technology lets people and institutions shift funds instantly and without the need for a middleman. Unlike paper currencies controlled by governments, cryptocurrencies are fully decentralized and operate independently of central banks. The digital assets work as a medium of exchange using principles of cryptography to secure transactions.

THE SOLUTION

Vecap’s founders got a team of blockchain & smart contract experts together to find a solution. By combining these two technologies, they can secure all communications between devices in your network. If these connections are protected, so are you.

Vecap believes that in all technical fields, safety and efficiency should be the top priorities, even more so when it comes to your home and your personal information. This belief underpinned their work in guarding your privacy. That allowed them to conciliate the technological progress and online security without compromising.

The age of the smart home is just around the corner. While greed blinded the manufacturers of IoT devices, Vecap focused on ensuring the primacy of the right to privacy for everyone.

Using the software infrastructure and physical hub, Vecap ensures all communications between external devices within smart homes are safe. With smart contract transactions protecting the internal connections of your network, and all recorded information being kept on a decentralised ledger, no hackers will give you nightmares.

Blockchain technology stacks the odds in your favour, so you don’t have to pick between your privacy and progress. The hope that every user should control his or her life independent from hacking threats has guided our founders and expert team in building a reliable, faster, and more trusted platform.

THE ECOSYSTEM

VECAP Ecosystem will be a new market where hardware manufacturers will provide and sell their products, crowdfunding their future and communicating with customers. This ecosystem can also display the VECAP Fund to support producers' approval.

ROADMAP AND DEVELOPMENT PLAN

TOKEN AND ICO DETAILS

Vecap use its internal token to perform all of its internal operations. To do this, the developers intend to release 1 billion coins. The initial price of 1 coin will be $0.12. In total, the team of founders for the launch and further development of their platform intends to collect Hard Cap in the amount of 72 million US dollars.

Token Details

Token Symbol: VC

Token Price: $ 0.12

Token for sale 750,000,000 VC (75%)

Token supply 1,000,000,000 VC

45% – ICO

20% – Pre-ICO

10% – Private sales

10% – Team & Advisor

10% – Reserve

5% – Gifts & Airdrop