One of the reasons why many has not completely adopt the uses of cryptocurrency is because many don't know how or where to utilize it; some people that already adopted it find it difficult to understand how to trade or exchange their cryptocurrencies. Things looks like the decentralized framework is very difficult to understand because there is no adequate blockchain infrastructure to make things look simpler especially for the traders of cryptocurrencies. So therefore, it is very clear to says that this framework needs a better ecosystem for proper handling and utilization of the digital currency and furthermore, to expand the decentralization ecosystem for further opportunities.
In order to fill all the task mentioned above, a platform called Volentix has come together to build an ecosystem that suits the decentralization framework. Volentix is working to brings down the complexity of decentralized framework and their professions in order to make the crypto ecosystem looks simpler for everyone, which will directly or indirectly improve the adoption of cryptocurrencies.
AIMS AND OBJECTIVES OF VOLENTIX PROJECT
The aim of this project is to build a decentralized financial ecosystem for proper exploiting of cryptocurrencies. Volentix want to upgrade and reshape the financial ecosystem that works effectively on decentralization framework. Volentix platform will implement a full automation of decentralized financial system where users will be able to trade, store and utilize their digital assets. Volentix will provides an ecosystem for financial traders to do more exploit about their businesses.
HERE ARE COMPONENTS OF VOLENTIX PLATFORM
The Volentix platform has four major components which are:
A decentralized cryptocurrency exchange (VDEX)
A multi-currency peer to peer wallet (Verto)
A market-ratings analytical interface
A incentives-based recruitment program
Let me emphasis on each on after the other;
VDEX
The VDex is a secured decentralized exchange for trading of cryptocurrencies. The VDEX was built with a features that makes trading simpler and gives the trader the profitable direction to trade. The VDEX is users friendly and very easy to use. The VDEX will be available on a decentralized application (DApp) and also on a web base for easy accessing by the users irrespectively of the kinds of devices your are using. The VDEX is secured for trading and processing of payment.
VERTO
The Verto is a decentralized cryptocurrencies wallet for storing of digital assets. It is a multifunctional and multi-currency wallet; what I mean here is that the wallet can be used to store different kinds of digital currency. The Verto wallet is more like a customized wallet, easy and flexible to use and it will be available on decentralized application.
MARKET RATING ANALYTIC INTERFACE
This is another component of Volentix designed to help the cryptocurrencies trader to know when and how to trade. It helps them to analyze the market structure and gives them directions or path to trade. This feature was incorporated with different trading tools that will make traders maximize their investment and make tangible profits.
INCENTIVES-BASED RECRUITMENT PROGRAM
This is another phase in Volentix platform; this is like a hub for promotion of blockchain or related project. Project owner can register or launch his project on this platform while the freelancers or bounty hunters will take the task to publish and advertise the project based on agreement.
VOLENTIX TOKEN ECONOMY
The Volentix platform has initiated a native token termed 'VTX' which will acts as the fuel driving the entire system. The VTX was built on EOS technology which happen to be one of the best and efficient network for processing of transactions.
The VTX token can be utilized in different ways:
It can be used for transaction fees on VDEX
It can be used to settles those people that performs task through their incentive program
It can be used to purchase node in order to enjoy the market rating analytic
In summary, it can be used to acquire all the services Volentix platform is offering.
TOKEN DESCRIPTION
Token: VTX
Platform: EOS
Type: EOS
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
MEET THE BRAIN BEHIND THE PROJECT
IN CONCLUSION
The Volentix platform is building an ecosystem that will make the decentralization framework of the financial sector looks viable. They will put efforts to build all the required infrastructure needed to rebrand the decentralized financial system. Therefore, they are up to build a decentralized trading ecosystem (VDEX), a multifunctional wallet (Verto), a market-rating analytic interface and finally an incentive program that will benefits both project owners and bounty hunters.
For more information about Volentix, kindly visit any of the official links below:
Website: https://volentix.io
Whitepaper: https://volentix.io/vdex-white-paper/#3.4vtx
Instagram: https://www.instagram.com/volentix.labs/?hl=fr
Twitter: https://twitter.com/volentix
Medium: https://medium.com/@volentixlabs
Linkedln: https://www.linkedin.com/company/volentix-labs/
Facebook: https://web.facebook.com/volentix?_rdc=1&_rdr
Telegram: http://t.me/Volentix
Author’s Details
BountyOx username: Cherry
NOTE: This article was composed in exchange of reward from BountyOx platform
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