What is Volentix?

The concept and integration of Blockchain into our businesses activities and life endeavors is greatly significant. There is this unique thing about this interface, which is, its non-centralized characteristics which permits cryptocurrency swift and secured trade. Therefore a block chain enterprise is hereby introduced, known as Volentix. Volentix is brought into play having great tools and products with the idea of ease in navigation in block chain technology which enables users engage in simple and easy trade.

What Does Volentix Mean?

Volentix refers to nothing but a system that is has multifunctional features, basically on cryptocurrency. This system is made up of four pillars Non-centralized Applications (Decentralized Applications), that work with each other in a synergic manner such that there is guaranteed improvement on their effectiveness, that enhances the improvement of the entire system.

The Major Pillars of Volentix.

The heartbeat of an Internet user is personal data security. This means that anytime you surf the Internet, the sad fact about the safety of your private information and what data is being shared without your awareness, is a hard nut to crack. The present existence of the internet, does not give any user the direct control over what information is being shared. This actually one of the things that makes these platforms so unique. However, this enables the user to have private control over their data. Thereby fixing some of the obvious issues that the Internet still has. Below are the pillars that are supportive to the Volentix Platform;

The Venue: This refers to a non-static community platform which suits the concept of Volentix. VENUE coordinates and recruits the Volentix community members, to create support for the even circulation of the VTX tokens. It also creates room for the promotion of awareness for the Volentix initiatives. VENUE also assists users to obtain VTX in exchange for participation in submission and claim of bug fixes and bounties respectively.

The Verto: To ensure that funds are properly managed continuously by VDEX users, there is need for multi-currency wallet, hence VERTO. It also propels personalized custody, including to locally manage private as well as public keys, which is best for peer-to-peer deals. The main aim, is to eliminate the risks of very dangerous losses of stake that often comes into picture, as a result of very pathetic failures only caused by the central operators. VERTO engage very smart contracts for the maintenance of the state between/among traders.

The Vespucci: An analytic engine that can be accessed through an platform that is user-friendly. It consists of timely and historical market information which comprises of analytical sentiments and assets(digital) ratings. VESPUCCI enables the user's confidence and build a very comprehensive relevant market data. This is simply achieved by arranging and aggregating the data that is currently scattered throughout various the Internet.

The Vdex: This is the major pillar of the platform. It is characterized by circulated and non-centralized assets(digital) exchange. It lays much emphasis on the experience of the user, governance and community growth. The VDEX exchange expedites peer-to-peer deals through accessing the already established technologies and also the carrying out plans on new protocols, in the process of concentrating on priorities such as speed, ease of use, security, authentication and scalability.

What Are The Benefits of Volentix ?

The benefits of Volentix includes the following;

It has a User-friendly platform. Considering the VDEX exchange on the platform, it is continuously built with features that are straight and easy to use, including a dashboard. There is also availability of customization in order to make sure that there is provision of settings and features that are suitable for both advanced and non-advanced(beginner) trading clients.

Volentix has room for security as well. This means that, the user's assets, information, are not safe-kept in a central location or on the exchange, rather it's stored on the user's private "Verto wallet". This makes sure that a great level of security is achieved by letting each user to personally be in custody of their assets as well as the personal private keys.

Collaboration is also another benefit of Volentix, the "Vdex exchange" is very much scalable to the extent that it permits the bridging of other books with other decentralized exchanges. This gives allowance to make the "Vdex exchange" to be a single liquidity tool in order to provide maximum benefit to the cryptocurrency trading clients.

Conclusion

The VTX token is the fundamental currency of VOLENTIX. This VTX is the cryptocurrency in use on "Vdex exchange" and also used for services within the four pillars of VOLENTIX system. It handles areas such as, payment of fees and proposal submission to the network. It is also used as a redistribution of fee token on the "Vdex exchange" which make votes on the proposals submitted on the network. This is only feasible through the voting rights that is share to the holders of token and also to reward users who participate in Venue campaigns.

Reference Materials can be found here;

Website: https://volentix.io
Whitepaper: https://s3.ca-central-1.amazonaws.com/volentix/VDexWhitePaper.pdf
Telegram: https://t.me/volentix
Twitter: https://twitter.com/volentix

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