OVERVIEW OF VOLENTIX
Volentix introduces a digital assets ecosystem (DAE) incorporating a decentralized digital assets exchange connected with a secure multi-currency cross-blockchain peer-to-peer wallet, a user-friendly market-ratings analytical interface, and an incentives-based recruitment program.
Furthermore, the Volentix ecosystem will exist atop four pillars, an initializing array of applications specifically known as Venue, Verto, Vespucci, and VDex.
Venue Dynamic Community Platform: This pillar has the mandate of ensuring that people are been brought into Volentix community to facilitate growth of the ecosystem
Verto Wallet: This makes sure that funds are continuously managed by users of VDex. Verto is a multi-currency wallet use for VDex. By maintaining these funding, Verto employs a system of smart contracts to maintain the state between two trading clients, the simplest operations being done with atomic swaps.
Vespucci analytical engine: This ensures that liquidity is increased. Vespucci increases liquidity by boosting user confidence and bringing more users to the Volentix platform.
VDex: This is in charge of distributed exchange; it ensures a highly customizable environment for speed, cost, anonymity, security, and scalability. In other words we can say, it provides liquidity between all cryptocurrencies. The exchange is carried out directly from the user’s verto wallet.
How the Ecosystem Operates
EOS.IO is a working framework like system whereupon decentralized applications can be constructed. The product gives accounts, verification, databases, asynchronous correspondence and planning across groups. Components and protocols are already incorporated with the platform, and only a subset can be utilized to fulfill VDex necessities. VDex at first enjoy all the great standard features offered by EOS.IO, for example, record and wallet creation and the recuperation of stolen keys; however will consequently actualize the protocols for the creation of decentralized trades through its contracts.
The Volentix platform utilizes some features of EOS.IO System features in checkmating the security challenges affecting traditional exchange platforms:
Malware detection by auditing processes
Random diversification- that’s by toggling of protocols is a level of complexity
Multiple factor identification
Ensure inspection of logs as control.
Prevents a replay of a transaction on forks that do not include the referenced block
If a block producer takes an unreasonable amount of runtime or is not profitable enough, the process is blacklisted.
Deploy a custom contract that only accepts deposits of known tokens from KYC’d accounts
All accounts must only read and write in their own private database
The Utilization of the VTX Tokens
The VTX is an utility token for Volentix ecosystem.
The VTX will be used for rewarding participants in the consensus process and in Venue campaigns.
The VTX token will be used for paying transaction fees on the VDex exchange.
Holders of Volentix will have the permission to submit and vote on proposals to the Volentix ecosystem.
The VTX token will be used for staking support for reviewing proposals and implementing projects.
The VTX token will be used for incentivizing users to participate in order book settlement by becoming nodes via their Verto wallets.
VTX is not an Erc-20 token but was built on customized open-source eos.io technology. Transaction run faster on this chain and very effective for processing. The VTX is the utility digital asset for this platform and will be spendable on VDex decentralized exchange.
Token Sale Details
The sale of VTX token has been schedule to starts by February, 2019, and it will be open until the hard cap is reached.
The minimum of VTX individual can purchase is 1 btc or equivalent in other currencies accepted via their payment gateways Zixipay and Blocktopus
Restricted Countries – The United States and Chinese indigen are restricted to buy the VTX token.
PreICO price: 1 VTX = 0.17 USD
Price in ICO: 1 VTX 0.3300 USD
Accepting: BTC, BCH, EOS, ETH
Soft cap: 3,000,000 USD
Hard cap: 48,500,000 USD
There is also a 200 VTX bonus currently available simply for successfully completing the whitelist approval process.
Total Supply: 800,000,000 VTX
Available token for Supporter: 65,000,000 VTX
Total token for sale: 364,000,000 VTX
Hard Cap: $48,500,500
Total token 455M VTX for public treasury: 455,000,000 VTX
Total token for contributors, supporters, and facilitators. : 286,000,000 VTX
Total token for future participation by contributors and facilitators of the Volentix ecosystem: 130,000,000 VTX
The VTX are “time-locked”, which means not all will be release on time but will be release in future.
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