Upcoming ICO: Valhalla is a Bet on the Worst Case Scenario
The Valhalla ICO capitalizes on the inevitable nature of natural disasters. With a tag line of human disaster recovery, the project is motivated similarly to catastrophic insurance or cat bonds; but they're blockchain-based and driven by their digital token. There are two components to the Valhalla project, one that is commercial in nature and the other that is humanitarian. This project is a mixture of an ounce of prevention and a dose of imagination. The upcoming ICO is scheduled for January 2018.
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There are many positive features to the Valhalla ICO, not the least of which involves using their resources including helicopters to save lives when disaster strikes. But considering that the entire project is based on doom and gloom and worst-case scenarios, some of the details are difficult to fathom.
When you're considering supporting the Valhalla project and the upcoming ICO, you have to imagine a reality where San Andreas the movie is happening, and everyone is running for their lives. The humanitarian element of the project will use the resources to rescue as many people as possible. Meanwhile, the business end of it is where the insurance features come into play. Those people who have contracts with Valhalla will be given a seat on one of those helicopters and taken to a "secure location" in the United States, Mexico, Europe or Asia.
Valhalla is behind the VHL tokens, which will be sold in the upcoming ICO. In keeping with the disaster relief design, the VHL tokens can be converted to either fiat money, precious metals or another cryptocurrency at any time, which offers token holders some financial security if financial systems become compromised. Holders of the VHL tokens also influence the decisions surrounding the secure locations that will house Valhalla members during catastrophe.
Proceeds from the token sale will be directed toward developing the platform, or a human disaster recovery marketplace, which will launch in 2018. Valhalla expects to have rescue services in place in the United States, Asia and Europe by October 2018.