AsicVault secure chip is the basis of all AsicVault products and it burns AsicFuel (AVF) to execute operations. AsicFuel is a cryptographic coin that (as the name implies) serves as a fuel for executing transactions via payment channels and will be accepted as a preferred payment method when buying/subscribing to AsicVault products and services.
Unique security characteristics allow for segregated storage of up to 5,000 private keys on each AsicVault chip. Thus, online multi-user wallets that employ secure payment channels and can be accessed remotely will be introduced. Our Online Hardware Wallet subscribers will benefit from all security characteristics of the physical hardware wallet and enjoy functionalities provided so far by online wallets only - all at a fraction of the cost of purchasing a physical hardware wallet.
AsicVault ecosystem provides its users with lightning fast transactions enabled by the Trusted Execution Environment built into our chips. Enhanced payments using CoinJoin and CoinSwap will be available for the subscribers of the Online Hardware Wallet. The Online Hardware Wallet is based on the AsicVault secure chip and will be fueled by AsicFuel.
The proprietary AsicVault secure chip allows for completely new services to be introduced into the blockchain world. Similarly, to services provided by banks AsicVault users will be able to cancel transactions via e-mail, set spending limits, schedule payments and many more- without any intermediaries, all week long inside or outside of any working hours.
Those that are new to the crypto world and are unwilling to pay the full price of the hardware wallet, will be able to subscribe to the Online Hardware Vault that inherits all security characteristics of the AsicVault chip and is available directly on your smartphone, connecting it directly to the AsicVault chip. No servers, no intermediaries - your private keys are known only to you and the chip.
AsicVault chip and devices/solutions based on it are built with the notion of expandability and idea of providing a playground for motivated developers to build new apps and be rewarded accordingly, either via selling their applications or subscriptions to them on the AsicVault App Store.
AsicVault Hardware Wallet is the first physically secure cryptocurrency vault, providing 1000x stronger security, crypto accelerators and active antitamper functionality.
It can be called a true hardware wallet since we have designed all key components in hardware, not in software.
Total market size of hardware wallets sold exceeded 1,000,000 units in 2017. AsicFuel allows us to extend the market size in the future even more by providing hardware wallet monthly subscription plans with payments as low as 10 EUR/month.
AsicVault Hardware Wallet based on the innovative AsicVaut security chip will be available in 2019 Q1 for everyone. Full specifications of the device are available at asicvault.io dedicated product website.
The Asic Vault virtual hardware wallet will be available as a smartphone app that will connect directly to our remote AsicVault chips. There will be no servers in-between. This way we can remotely provide the same wallet security as in our hardware devices and even more. Direct connection to AsicVault chip allows to avoid all the security issues associated with common servers. Instead of purchasing a physical device, users will be able to subscribe for an online virtual wallet that shares the same security benefits as the AsicVault HW wallet and will make new services possible. AsicVault chips support redundancy by default. Multiple chips can be used to store the same user account and there is no synchronization needed between them. Multi-User Hardware Wallet uses at least double redundancy to protect against hardware failure, network failure and to allow firmware updates. Redundant AsicVault chips are located at different datacenters.
Both hardware wallet and Online Hardware Vault users can directly participate in our decentralized exchange without depositing any funds into centralized accounts. Any exchange that mentions the words "withdrawal" and "deposit" is not fully secure since they are holding funds on your behalf. AsicVault chips support trading accounts that enable direct peer-to-peer trading and swapping of cryptocurrencies. The proprietary technology behind AsicVault secure chip might be amongst the first enablers of truly decentralized crypto exchanges. Up until now major exchanges are keeping their customers coins/tokens on hardware pool addresses. Such setup might and has been disastrous in case of elaborate attacks and many exchanges have seen their storages drained, mainly because all funds were locked behind a single private key. AsicVault chip removes such vulnerability by having separate accounts/addresses for each user on a single chip. Since single user hardware wallets and online hardware wallets are both based on AsicVault chips they can directly participate in AsicVault Decentralized Exchange and use Instant Payment Channels, Micro transactions and Atomic Swaps.
Next Generation AsicVault chip is going to be 5-10 times faster, smaller, integrating even more functionality. We expect our technology to be applied as a secure element in such fields as personal identification, conventional payment methods such as current debit and credit cards, governmental and private treasury environments, as well as any other field where top grade cryptographic and anti-tampering characteristics are at top priority.
AsicVault premium virtual hardware wallet node will be launched as a satellite to be jurisdiction independent. This means that no matter what happens on the World's geopolitical scene funds of our customers will always be secure, accessible and transactable.
|coin name:||asic fuel|
|coin execution environment:||asicvault blockchain|
|coin standard:||AVF-Hash (sha-512 prime)|
|coin decimal units:||8|
|coin sales currencies:||BTC, BCH, ETH, LTC and more|
Coin Sales Details
|minimum sales target incl.pre-sale:||350 btc / 2 000 000 eur|
|sales cap:||equivalent of 9 250 btc / 52 500 000 eur|
|minimum purchase amount:||0.088 btc / 500 eur|
|maximum purchase amount per buyer:||50 btc|
|AVF coin supply|
|avf||EUR equivalent||BTC Equivalent|
|total supply:||200 000 000||120 000 000||21 250|
|ico (65.625%):||131 250 000||87 500 000||15 500|
Remaining supply will remain locked in the blockchain and will serve as reward for miners, developers and other contributors.
AsicFuel is focused on delivering AsicVault Security products that support large-scale adoption as quickly and efficiently as possible and thereby simultaneously delivering value to AVF holders.
AsicFuel ensures coins are in the ownership of contributors no later than 3 months after purchase if all the necessary account details are provided. Distribution of coins can be conducted before that date, but coins will be inactive for usage and transfers.
All trading functionality of coins will be active after the ICO in Q4 2018.