How Does VREM Operate?

The VREM system is centered around robust and secure biometric authentication and a digital vault. Biometric authentication without a CI (Connecting Information) value allows users to verify their identity online through zero-knowledge proofs while protecting their personal information.

Quorum Committee

In the VREM system, the role of the Quorum Committee is of utmost importance. The Quorum Committee participates as compliance auditors, overseeing the critical tasks of protecting and managing users' keys. Auditors facilitate smooth backup and import processes, manage software updates, and prevent moral hazards from administrators responsible for decentralized HSM (Hardware Security Module) devices. They engage in establishing key management policies and authorizing permissions, thereby fulfilling the duties of an auditor.

VREM Role

In the VREM system, ecosystem roles are categorized into Super Validator Nodes, Ecosystem Developer Nodes, Ecosystem Promotion Nodes, and User Nodes. Each independent User Node can select other Ecosystem Developer Nodes through the Ecosystem Promotion Node. After verification by the Super Validator Node, they receive token rewards. The node system of VREM is a core part of its economic model.

Super Validator Nodes

Super verifier nodes automatically become members of the foundation governance committee. When individuals and organizations apply to become super verifier nodes, VREM will provide standardized verification hardware, software, and deployment services. Super verifier nodes must stake 10 million VREM tokens for two years, after which they can unstake them. The staked VREM will be linearly released over five years. Super verifier nodes will receive a 5% incentive of the VREM amount earned by all users of nodes that activate biometric + asset verification.

Ecosystem Developer Nodes

Wallets and other ecosystem developers integrated with the VREM SDK automatically become ecosystem developer nodes and will become members of the governance committee. The VREM Foundation will handle developer whitelist applications and reviews, and all governance committee members will be eligible to recommend new developers. Ecosystem developers will collaborate with the VREM developer community and core technology developers to contribute to the VREM ecosystem. Additionally, the Foundation will specifically establish a developer donation program to provide incentives for ecosystem developers.

Ecosystem Partner Nodes

Partner nodes apply the SDK to wallets being deployed to expand the ecosystem and provide direct key management services to users. To qualify as a partner node, 1 million VREM tokens must be staked for one year, after which they can be unstaked. The staked VREM will be linearly released over two years. As a node reward, they will receive 10% of the VREM amount earned by users when they activate biometric recognition features + asset verification.

User Nodes

After enabling biometric recognition features and asset verification, users will receive a certain amount of VREM tokens. Detailed specifics regarding activation, verification, VREM distribution, and collection can be checked on the official website. The VREM Foundation will disclose specific details about distribution and collection on its official site.

Usability Notice

VREM tokens cannot be used by individuals, companies, or entities established in South Korea or other restricted regions. However, the VREM SDK and its applications can be used within South Korea.

Security Alert

Free VREM tokens can only be claimed through the VREM DApp. No other airdrop channels exist, and there is no ICO. Beware of fake applications and VREM tokens! VREM tokens only exist at designated addresses on Ethereum and ZKS.

Important User Notice

Cryptocurrency products carry high risks, and regulatory treatment has not yet been finalized in many jurisdictions. There may be no regulatory compensation for any losses incurred from VREM transactions.