For more than 30 years Joeknox Reed has been working in various industry sectors and attained an unparalleled expertise in global finance. During the course of this extensive
experience he was able to identify various financial loopholes and was disturbed by the fact that money transfers among private people as well as companies were complicated, costly, and consumed a lot of time and energy.

In his earlier days, he tried to change that but the equivalent possibilities and relevant technologies were not yet available. He considered crypto currencies such as Bitcoin and other altcoins as primary and realistic alternatives, but was concerned because of their extremely high volatility and absence of real intrinsic value.

In 2016, he heard about the existence of hybrid currencies that combined the advantages of the classical system based on real value (especially gold) with the benefits of modern cryptocurrencies. Fascinated by the possibilities of such a revolutionary system, he sat with some friends and developed the hybrid currency V-Coins.

The focus for Joeknox was to keep the costs within the new system as low as possible, but at the same time to work with the newest technology and available apps that allow money transfer at any time and any place.

V-Coins is a project having the chance to change the world. It represents an inflation protected
and cheap alternative to the existing classical currencies. V-Coins is in an ongoing process of
development and regularly equipped with new features.

The primary targets are international companies that would accept V-Coins as a payment tool,
as well as the direct interaction between the V-Coins wallet and ‘normal’ bank accounts, and the
connection between the wallet and credit cards.

Summarized, V-Coins presents a stable, intrinsically valuable, digital, and safe instrument of payment with a huge potential.


The former CEO of Barclays, Antony Jenkins, warned banks and financial institutions in a speech at “Money 20/20” in Copenhagen of a ‘Kodak moment’, which could occur if they don’t engage fast and appropriately in digitalization.
Specifically, he expects a saving potential between $ 80-110 billion through the implementation of the Blockchain technology. The banks which will not follow this road of efficiency could quickly get into an existential crisis.

“Now we see the possibility-- not necessarily the probability – of ‘Kodak moment’ where banks get more and more irrelevant to their customers.”

According to Jenkins the appearance of cryptocurrencies and artificial intelligence could be the start of the transformation process in banking. At the end of this process, there could be a financial system without banks.

Jenkins got support for these statements from Oliver Bussmann, the former chief information officer of UBS. Bussmann stressed the aspect of ICOs as a new method of financing. Many startups now estimate the bank-independent method of financing by issuing new

A significant advantage of crypto-currencies is surely in more affordable and quicker possibility of money transfers out of banking system, directly from one user to the other (peer-to- peer).
However, there is only but a few digital currencies without any transaction fee. The example is our hybrid crypto-currency V-Coins.

All transactions within the V-Coins System are cost free. For example; if a User wanted to pay his bill in a restaurant that also belongs to the same system, he could do it with just a few clicks
and within seconds, completely free of charge.

In digital sector, the transaction fees are generated on trading platforms. therefore, all the prices are extremely different and are impossible to compare. Below, you will find a list of average transaction fees that should however be cautiously considered:

- Bitcoin: USD 2,81
- Monero: USD 1,302
- Ehtereum: USD 0,993

- Litecoin: USD 0,25
- Dash: USD 0,156
- V-Coins: free of charge

Banks charge in between USD 0,2 – 2,00 per transaction, depending on a bank and a type of transaction.