Valis Stablecoins are the world's first stablecoins designed to be truly instant and free. They aim to eliminate both explicit costs (like processing fees) and implicit costs (such as volatility and slippage) while providing consistent, scalable transactions.

• Truly free transactions with no explicit or implicit costs
• Instant transaction finality
• Consistent user experience through single-chain approach
• High scalability supporting millions of concurrent users
• Real-time transparency of reserves

When we say "truly free," we mean eliminating both explicit costs (like processing fees) and implicit costs (like volatility and slippage). With Valis Stablecoins, when you convert from 1 VUSD to 1 USD (or vice versa), you won't need to place a limit order and wait for it to fill. The conversion will be seamless and instant, providing an experience where fiat to crypto, and back to fiat happen without friction.

To achieve this, we will use revenue from the stablecoin to cover any residual costs under normal conditions. This may impact short-term profitability, but we believe it's essential for creating a compelling user experience.

Initially, Valis Stablecoins will be backed by other stablecoins and DeFi products to generate yield. The team plans to evolve the backing strategy over time, with a mindset to be as close to fiat-backed as possible. This is not an algorithmic stablecoin.

While the original plan involved using US Bonds for backing, the team has shifted to this new approach to enable faster time-to-market, greater anonymity for co-founders, and enhanced real-time transparency regarding asset backing.

Current big players often sacrifice user experience (UX) for reach across multiple chains. For example, the UX of a USDT transfer on Ethereum is quite different from one on Tron, in terms of time, cost, and interface. Valis Stablecoins takes the opposite approach: focusing on a single chain to provide a consistent, always-instant, always-free user experience.

Valis operates with a mix of full-time employees (Qsilver and Spelunker), contractors (such as SC developers), and volunteers who help with ad-hoc tasks. Once funding is secured, the team plans to expand and build a complete product triad, including a full-stack engineer and designer.

The estimated timeline to launch is 18 months from funding, requiring approximately €1.4M to reach launch. This timeline could be shortened depending on the chosen regulatory compliance approach. The initial launch will be a Minimum Viable Product (MVP) focusing on essential features for early adopters.

The MVP will include core stablecoin functionality. Integration with centralized exchanges, marketing launch, and expansion into the US or Asia markets are not included in the initial launch scope.

After achieving product-market fit, Valis plans to expand into embedded finance (integrating financial services into non-financial platforms) and physical retail payments (e.g., POS systems for supermarkets).

The vision is to position Valis Stablecoins as core financial infrastructure, becoming a primary medium to move value and a core payment rail as traditional finance realizes how stablecoins enable interoperability for faster and cheaper global transactions.

Valis is adopting a hybrid and progressive approach to legal compliance. Rather than pursuing full compliance from the start, we will evolve our compliance strategy over time through sequential token versions (VSTB001, VSTB002, etc.), allowing us to adapt to changing regulations while maintaining operational flexibility.

To maintain ongoing compliance, token holders will need to accept updated terms of service when swapping to new token versions. This setup enables adaptation to evolving legal requirements while keeping the process straightforward for token holders.

For EU market entry, Valis will align with either the Asset-Referenced Tokens (ARTs) or E-Money Token (EMT) framework under MiCA regulations, depending on what best suits the product and compliance objectives at that time. MiCA does not prohibit non-fiat-backed stablecoins but classifies them differently and applies different regulatory requirements.

As Valis approaches launch, decisions will be made regarding KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance. This may require token holders to verify their identity. If implemented, new token versions will be issued, and holders will need to accept updated terms to continue receiving revenue shares.

If verification becomes required, holders who choose not to verify will have the option to sell their tokens to a third party. Such transfers will not be considered speculative trading.

Rather than following the typical crypto ICO model of issuing all tokens upfront, Valis is taking a more traditional startup approach with sequential funding rounds (similar to seed capital, Series A, B, C, D). Each round will have either a fixed entry price or a minimum token bid, and successful execution should lead to higher valuations in subsequent rounds.

VSTABLE is a revenue-sharing token with a fixed supply of 100 billion tokens. Holding VSTABLE tokens entitles the holder to a proportional share of Valis Stablecoins' net profit. For example, holding 1 billion VSTABLE tokens (1% of total supply) grants the right to receive 1% of the net profit.

The Valis team will retain any VSTABLE tokens not allocated to backers, receiving their share of revenue through token ownership, just like other holders.

VSTABLE tokens are explicitly not securities or equity in Valis. They represent revenue sharing rights from the Valis Stablecoins business. Unlike equity rounds where raising new funds involves issuing additional shares, the VSTABLE token supply is fixed at 100 billion, ensuring no dilution for token holders regardless of the number of fundraising rounds.

VSTABLE tokens will be issued on QX and will be tradable. However, the terms allow VSTABLE token sales strictly for non-speculative purposes. Any speculative activity involving these tokens violates the terms and is undertaken at the individual's own risk.

If the VSTABLE supply in the open market falls below 10%, Valis has the right (but not the obligation) to enforce a token swap, converting remaining holders into Valis shareholders. This might occur in scenarios like pursuing venture capital funding that requires eliminating revenue-sharing agreements. This measure is neither guaranteed nor part of a routine return on investment.

Valis will offer two levels of reporting: 1. Standard Reporting: Available to all investors, including key performance indicators (KPIs) without confidential information. 2. Advanced Reporting: Available to the Top 10 backers who invest $100K or above across all rounds, providing full transparency including team salaries, upcoming partnerships, and financial projections, and other confidential information.

Net profit is calculated by subtracting all expenses from total revenue. This includes operating costs (salaries, infrastructure, compliance, marketing), platform fees, taxes, interest, and both explicit (e.g., processing fees) and implicit (e.g., liquidity, slippage) transaction costs. Net profit is used to calculate distributions to VSTABLE token holders.

Valis will allocate revenue to keep transactions free, covering both explicit and implicit costs.

Initially, Valis will prioritize market position and customer acquisition over profitability. After achieving market share and economies of scale, the focus will shift to optimizing profitability.

Revenue will be distributed in VUSD (Valis USD stablecoin).

Revenue sharing will begin as soon as Valis Stablecoins start generating revenue after launch. Distributions will be made on a regular basis (exact frequency to be determined) and will be transparent to all token holders.