Introduction
Blockchain technology entrance into our lives has been enormously great as it has proved lots of its integration into our businesses and activities. The unique thing about this technology is its decentralized feature that permits swift and secured transaction using the cryptocurrency. Thus a blockchain enterprise known as Volentix is introduced with great tools and products to easily navigate the blockchain technology that enables users to trade simply and with ease.
What does Volentix mean?
Volentix refers to a multifunctional ecosystem that has its basis on cryptocurrency. This system is made up of four pillars Decentralized Applications, which work with each other in a synergic manner so as to improve their effectiveness to enhance the development of the entire ecosystem.
The Major Pillars(Decentralized Apps) of Volentix.
Anytime you surf the Internet, the sad reality about the safety of your information and what data is shared without your awareness, is a hard nut to crack. The Internet, as it exists currently, actually means that a user has zero direct control over what information is shared. It's one of the things that make these platforms so unique; it enables the user to have sole control over their data. Thereby fixing some of the glaring issues that the Internet still has. Below are the pillars that support the Volentix Platform;
VENUE: This is seen as very a dynamic community platform which suits the concept of Volentix. This platform aligns and recruits members of the Volentix community so as to help support the even distribution of the native VTX tokens. It also creates room for the promotion of sensitivity or awareness of the Volentix initiatives. VENUE also assists users to obtain VTX in exchange for participating in the submission of bug fixes and also claiming of bounties.
VERTO: This refers to a multi-currency wallet that makes sure that funds are properly managed on a continuous basis by the users of VDEX. It also propels personalized custody, including to locally manage private as well as public keys, which is suitable for peer-to-peer transactions. The main aim, is to eliminate the risks of dangerous losses of stake that arise often as a result of traumatic failures caused by the central operators. VERTO engage very smart contracts for the maintenance of the state between/among trading clients.
VESPUCCI: This is an analytics engine that can be accessed through an interface that is user-friendly. It consists of real-time and historical market data which has to do with sentiment analysis and assets(digital) ratings. VESPUCCI enables the user's confidence and build a comprehensive relevant market data. This is simply achieved by aggregating the data that is currently scattered throughout various websites, chat rooms, exchanges and blockchains.
VDEX: This is the major pillar of the platform. It is a distributed and decentralized assets(digital) exchange. It lays much emphasis on the experience of the user, governance and community development. The VDEX exchange expedites peer-to-peer transaction through accessing the already established technologies and also the planning of new protocols, in the process of emphasizing priorities on speed, ease of use, security, authentication and scalability.
What Are The Benefits of Volentix ?
Volentix is characterized by the following benefits ;
It is User-friendly. Considering the VDEX exchange on the platform, it is continuously built with features that are ergonomic and easy to use, including a dashboard. There is also availability of customization is to make sure that there is provision of settings and features that are suitable for both advanced and non-advanced(beginner) traders.
Volentix has room for security as well. This means that, the user's assets are not stored in a centralized location or on the exchange, rather it's stored on the user's individual VERTO wallet. This makes sure that a great level of security is achieved by letting each user to personally be in custody of their assets as well as the private keys.
Collaboration is also another benefit of Volentix, the VDEX exchange is very much scalable such that it permits the bridging of order books with other decentralized exchanges. This gives allowance to make the VDEX exchange to be a single liquidity tool so as to provide maximum benefit to the cryptocurrency traders.
Conclusion
The VTX token is the basic currency of VOLENTIX. This VTX is the cryptocurrency used on VDEX exchange and also used for services within the four pillars of VOLENTIX system. It handles areas such as, payment of fees and proposal submission to the network. It is used as a fee redistribution token on the VDEX exchange to make votes on the submitted proposals on the network. This is possible through the voting rights that is allocated to the holders of token and also to reward users who are participants in venue campaigns.
important links
Website: https://volentix.io
Telegram: https://t.me/volentix
Whitepaper: https://s3.ca-central-1.amazonaws.com/volentix/VDexWhitePaper.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=5048597
Twitter: https://twitter.com/volentix
Github: https://github.com/Volentix/
Authored by Mmesooma1 (bounty0x username)