In the modern internet space, more and more attention is paid to cryptocurrency investments and the investment market and Blockchain is becoming the cornerstone of modern innovation and has the potential to revolutionize the world. Recognizing this potential, we at VOLENTIX have assembled a professional team of budding entrepreneurs and seasoned investors to create an all-encompassing blockchain trading platform. Since cryptocurrency is designed for mainstream adoption, our platform will be a stop-shop for clients that intend to earn huge returns on investment. We will create a user-friendly system that incorporates both traditional markets and the blockchain based assets.
VOLENTIX OVERVIEW
VDex has proven to be one of the most advanced and reliable platforms for crypto currency trading platform with a high level of security – one of the safest, fastest and most powerful platforms utilizing the the best operating system- EOS.IO. it is a collective effort, where different parties come together to build software that will enhance the use of cryptocurrencies.
The Volentix is a cryptocurrency based multi-functional ecosystem which basically consists of four great pillars DApps. These of these work in synergy with one another to improve their effectiveness that will better the whole ecosystem Volentix -. These pillars include;
· Vanue Dynamic Community Platform- this pillar has the mandate of ensuring that people are ben brought into Volentix community to facilitate growth of the ecosystem
· We also have Verto Wallet that 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.
· And finally, we have 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.
The development of technology and the digital ecosystem has evolved the need for emerging crypto currencies and at the same time there is much theft through weak systems in the absence of strong security in protecting the assets of crypto. The main reason of many of these hacking is the lack of Defense in security approaches and depth and weak rules.
The Volentix platform utilizes some of the Great Security Features of EOS.IO System features in checkmating the security challenges rocking 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
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.
VTX Token/Usage
VTX is the native currency of the Volentix DAO. It is a cryptographic deflationary token that provides access to staking and membership. VTX is the cryptocurrency used on the vDex exchange. It can be used within all of the four pillars of the Volentix system:
To pay transaction fees on the VDex.
To vote on proposals submitted to the network, using the voting rights allocated to VTX holders.
To submit proposals to the network.
To stake support for project building, liquidity, or proposal reviews.
As a fee redistribution token on the VDex exchange.
To incite users to partake in order book settlement.
To reward participants in the consensus process and in Venue campaigns
For more detailed informations, visit:
Website : https://volentix.io/
Telegram : https://t.me/volentix
Twitter : https://twitter.com/Volentix
Whitepaper : https://s3.ca-central-1.amazonaws.com/volentix/VDexWhitePaper.pdf
Authorship: Joecolern
Bitcointalk Url:https://bitcointalk.org/index.php?action=profile;u=2246034
