The adoption by centralized institutions has forced exchanges to adopt the current fiat monetary structure that we most use in our day to day lives into crypto currency. Adopting this system which arguably discourages some of the core foundations of Satoshi’s vision, the freedom of money & anonymity. Over time this current direction of the crypto currency exchanges and platforms, has made the revival the core values of crypto currency, along with the ability to transact and exchange crypto currency without a regulatory party, a little less possible almost impossible. VELOX is a new project that has come to make life better for the next generation.
INTRODUCTION
Velox is a decentralized crypto currency, focused on the development and use of high-frequency trading for businesses and individuals.
Velox is a proof of work/proof of stake currency that has been created as a share structured currency for the upcoming VeloxBolt decentralized & anonymous exchange and trading platform. Velox will be mined, transacted, traded, and will serve the purpose as the pow/pos based token of the VLX Bolt exchange and trading platform, where VLX holders will be rewarded with buy-backs from the VBOLT platforms' profits.
VeloxCoin will offer POW for the first 10,000 blocks, after which will convert to full POS. Once the VeloxBolt Exchange has been released, buy backs based on the platforms profit will commence. Buy backs are a result of accumulated exchange fees and listing fees from the VeloxBolt platform, and will ultimately result in the rise in VeloxCoin price, ultimately rewarding VLX holders.
FEATURES OF THE PLATFORM
- 2-Factor Authentication
- Secondary Password Setting
- Setting the PIN Code
- Email Authorization
- N-Authentication (Novum Authentication, see vNovum> VeloxBolt Pairing)
- Account Modify Keys
Velox As the first generation platform to provide solutions to investor problems that is impossible in a timely manner, and with the change in the encryption market and higher or lower encryption prices, They are asked to be ready to receive automatic notifications on the mobile device. Without minimizing its activities, the aim is not only to build an ecosystem that conceptualizes trading and mutual benefits between users, but also to build a platform that can constantly help stabilize revenues. We solve the problems frequently encountered by most investors, solve it while providing a smart solution with a platform that improves Velox performance and has easy access to accounts.
ABOUT TOKEN SALE AND DISTRIBUTION
Coin name: Coin abbreviation: Velox VLX
Total Supply: Address letter:124,000,000 V
Type: Algorithm: PoW/PoS Scrypt
Block reward: PoS Interest: 240 VLX 13% per year
Last PoW block: Coinbase maturity: #10000 20 blocks
Target spacing: Target time span: 64 seconds 1 block
Transaction confirmations: 50 blocks
ICO
Hurry now because the ICO is LIVE. The tokens are selling out. The ICO will be over by may 29th except the tokens are all sold out before then.
DISTRIBUTION
* 80% POW/POS
* 9% Marketing & PR
* 7.5% Development Team, Dev Bounties & Staff Reserve
* 3% Bounties and Translations
* 0.5% Initially Sold Distribution
For more information visit the links below
WEBSITE: https://vlxexchange.com/
ANNOUNTCEMENT: https://bitcointalk.org/index.php?topic=2431660.0
TWITTER: http://twitter.com/velox_coin
TELEGRAM: https://t.me/veloxproject
AUTHOR: https://bitcointalk.org/index.php?action=profile;u=1082634