Aug 8, 2019
Venue, anyone can earn VTX for bounties and campaigns, for example, fixing bugs, creating content, or promoting Volentix—and anyone may claim a bounty in exchange for their efforts. Venue is a Volentix community platform designed to attract and engage people who become part of the Volentix project. Venue will host community building campaigns and showcase different bounties which can be claimed as part of securing and improving the overall Volentix ecosystem. By participating in campaigns or claiming bounties on venue.volentix.io anyone can earn VTX tokens.
The flagship of the Volentix ecosystem is called the –VDex – (Volentix Decentralized exchange, a next-generation, extensible, customizable, decentralized cryptocurrency exchange platform that will first prioritize the financial and data security of its users (by not possessing users’ information or assets) and, secondly, facilitate cross-blockchain exchange. Rather than depositing funds to a centralized entity as with a conventional crypto-exchange and in order to perform trades, users of the VDex will always maintain custody of their funds in their own wallets. The VDEX is being built on the EOS blockchain and is employing Loopring, Bancor and Parsec protocols with a view that this will offer users the best possible decentralized trading experience.
Verto is a multi-currency wallet that will allow access to the Vdex. Private keys are maintained in this wallet and are accessible only by its owner. Verto will also have integrative functionality of other DApps like orderbook settlement from VDEX and a crypto ratings and rankings dashboard from Vespucci. When a trade is made on Vdex, the funds are temporarily locked until either the transaction is completed and the new funds become available, or the transaction is cancelled and funds are again available.
Vespucci is a DApp which aims to offer protection and information to traders by providing ratings and rankings of each cryptocurrency, this is delivered in an easy to understand dashboard. As the Vdex is a decentralized exchange, new currencies can be freely listed for trading without any permission. In order to prevent the trading of worthless, nonexistent, or even dangerous currencies, a unified standard, derived from Vespucci’s rankings of social, technological, and market data will exist. This data is mined and analyzed using machine learning algorithms which result in comprehensive data-sets which can be visualized in many ways. These metrics can also be visualized as widgets that can be embedded in any site which desires analysis of cryptocurrencies.
Through researching the needs of traders and exhaustive testing, the interface of VDEX will be updated regularly to provide the most ergonomic and easiest to use features and dashboard. Customizations will be available to provide settings and features which suit traders who are beginners or advanced users and toggle to balance these features will ensure a personal experience for each individual.
VDEX is extensible, this means that it can be scaled in a very important way, by leveraging the leading cross blockchain protocols in one tool, VDEX will allow the bridging of order books. This allows the VDEX’ order-books to plug into the order-books of other decentralized exchanges and their order-books to plug into VDEX. The idea is that, as much as possible, decentralized exchanges becomes a single liquidity pool in order to provide the maximum benefit to cryptocurrency traders.
User’s assets are not stored on an exchange or in any central location, each user has an individual Volentix wallet called -Verto-. This will allow a greater level of security allowing each user to hold their assets and their private keys
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