INTRODUCTION
The world is experiencing a financial revolution through blockchain technology. Organizations, companies, businesses and individuals are diving into the cryptocurrency world and adopting the use of digital currencies for daily transactions due to it enormous advantages. Just like fiat, cryptocurrencies are digital currencies used as medium of Exchange through blockchain. The utility of cryptocurrency are in different ways, users can either invest, hold or trade these currencies in cryptocurrency exchanges to make profit.
Cryptocurrency trading is one major utility of cryptocurrency that has experienced remarkable adoption over the years through which traders switch between various cryptocurrencies for profit making. In recent years we witness the massive growth of popular cryptocurrency exchanges like Binance, huobi due to the increase demand for this exchanges which are mostly centralized exchanges that take full control of users asset and wallet private keys.
PROBLEMS WITH EXISTING CRYPTOCURRENCY EXCHANGE
Centralized exchanges posed lots of challenges and terrible experiences to crypto traders most especially on Asset security due to high possibility of hack.
Almost all The current exchanges only make available data on prices and volume to traders. While this information is important to any trader, they are definitely not enough to help any trader make the best of decisions concerning any trade
Sequel to the almost no technical support facilities in this exchanges, users often tend to sort external additional data to help in carrying out trading analysis which often results in trade complexity due to the fact that sometimes such data collected from internet might not be accurate. Cryptocurrency trading has surpassed those days when prices and volume data are sufficient to make profitable trades. Traders now need information ranging from current market trend, upto date news all trading pairs, macroeconomic views on all cryptocurrency and much more to improve trade success.
Other noticeable problems in the existing exchange system that needs urgent attention are the high cost of trading and withdrawal fees, poor liquidity, poor user interface and most importantly the low security features of these exchanges creating vulnerability to malicious attacks.
INTRODUCING VDEX ( VOLENTIX DECENTRALIZED EXCHANGE)
Volentix VDEX is a well secured decentralized digital assets exchange platform that has been developed with all the right trading tools to facilitate efficient and profitable trading for cryptocurrency traders using a Multicurrency currency wallet where users have full control of their assets. VDEX has been developed to provide a solid user experience and facilitate Community development and governance. VDEX is built on EOS smart contract through the assemblage of decentralized application portfolios to ensure speed, security, scalability and easy usage access for the execution of peer to peer transactions.
The technologies behind VDEX operating system are top notch and will provide all the exchange requirements needed for secure and profitable trades.
FEATURES OF VOLENTIX
Generally the volentix ecosytem stand basically on four pillars namely venue, verto, Vespucci and Vdex which I will be briefly looking into as I proceed with this review.
• VENUE
Venue is one major Community feature of the volentix ecosytem that helps in the area of creating and promoting public awareness of volentix ideas. Through Volentix Venue there will be even distribution of VTX token, the native currency of the ecosystem between the members of the volentix Community. More details about Volentix Venue can be found in the Project whitepaper.
• VERTO
Verto is the official Multicurrency wallet in the Volentix decentralized exchange. It is designed with Max security features to facilitate peer to peer transactions at almost no risk of losses for users and giving users complete custody o their wallet private keys unlike centralized exchange wallet.
• VESPUCCI
The Vespucci feature will be accessible to volentix users as a means of providing real time and historical market such as digital assets ratings and market sentiment analysis to facilitate traders trading decisions. Vespucci will provide all the valuable trading tools for users to make profitable trading decisions using VDEX.
• VDEX
Volentix decentralized exchange is the fourth pillar of the volentix ecosytem which has been introduced earlier. Vdex will be an integration of the Verto wallet and the vespucci interface. Vdex will be embedded with the capacity to manage Vtx transactions and many other digital Asset to be made tradable on the exchange
CONCLUSION
Volentix is a revolution in the cryptocurrency market. The beta version of the volentix ecosytem is been run currently with VTX token sale in place. The team are well experienced and have proven thus far to be ready to strive for the project success.
Below are links to volentix website and all other useful links for you to study and learn about the volentix ideas. Please spare sometime to go through them
Website : https://volentix.io
Whitepaper : https://s3.ca-central-1.amazonaws.com/volentix/VDexWhitePaper.pdf
Telegram : https://t.me/volentix
Ann Thread :https://bitcointalk.org/index.php?topic=5048597
Twitter : https://twitter.com/volentix
GITHUB: https://github.com/Volentix/
Author
My Bounty0x username: Andycapable4u
Disclaimer: This is a sponsored article written for a bounty reward
With Decentralized Exchanges we are not exposed to the risks that are inherent in the crypto space, Volentix has taken a step further to ensure the security of funds and restore the trust of users into exchanges again. Good read
How will a coin/token get listed on the multi currency wallet. I hope it's not difficult.
Having gone through this beautiful article, i can only conclude without an iota of doubt that the technology behind VDEX operating system are indeed a top notch and will truly provide all the exchange requirements needed for secure and profitable trades.
Volentix as a decentralized exchange has gained traders trust.
Volentix to seal the flaws plaguing cryptocurrency exchanges by providing a platform that will be more secured and easy to navigate by traders.
Decentralized exchanges offer smooth trading experience for traders and Volentix is upping the ante. Impressive project. Thanks for sharing
The Vespucci feature of the volentix exchange would make cryptocurrency trading easy for traders and enable them to make quick trading decisions, it would also make trading activities easy for newbies in the crypto space
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