Yes, users will need to deposit a collateral on our future escrow wallets so they can get access to their loans.

We're still deciding on which translations will be needed… but those are certainly on the bounty list that will be rolling out shortly.

Contents
1. What is Volix Network?
2. Blockchain Info
3. Why Loans?
4. How Does VOLIX Work?
5. Wallet
6. Planned Listings
7. Upcoming Presale
8. Airdrops and Bounties
9. Project Resources


1. What is Volix Network?
VOLIX (VOX) is the first decentralized peer-to-peer marketplace & platform for lending services running on its own private blockchain secured by Masternodes. Furthermore, the passive income provided by the Masternodes will allow investors to grow their initial collateral.

Our lending marketplace will be built on a web-platform running Ethereum blockchain network and using multiple smart contracts to transfer VOX coins from an individual or an organization – which is the lender – to the loan applicant – which is the borrower.

The marketplace will allow a borrower to have fast access to his loan which will be issued in VOX coins. The borrower will need to deposit his own cryptocurrency  into the VOLIX Wallet which is linked to the platform. This deposit will be held in escrow and serve as collateral to back the loan. In case of a non-payment the collateral will serve to settle the loan.

Learn More About Volix Network

DOWNLOAD THE WHITE PAPER


2. Blockchain Info
Coin Basics

——————————————	——————————————
Name	Volix Network
Ticker	VOX
Coin Type	PoS/Masternode
Algorithm
Block Time	60 seconds
Max Coin Supply	32,999,995
——————————————	——————————————

Reward Table

—————————	————————————	—————————	—————————	—————————
Phase	Blocks	Reward	MN (80%)	POS (20%)
—————————	————————————	—————————	—————————	—————————
1	720 – 10,000	1	0.8	0.2
2	10,001 – 50,000	10	8	2
3	50,001 – 100,000	25	20	5
4	100,001 – 150,000	50	40	10
5	150,001 – 200,000	100	80	20
6	200,001 – 250,000	75	60	15
7	250,001 – 300,000	50	40	10
8	300,001 – 350,000	25	20	5
9	350,001 – 4,007,483	5	4	1
10	4,007,483 - infinite	-	-	-
—————————	————————————	—————————	—————————	—————————

3. Why Loans?
The Problem
The current lending market is still being run by the same process implemented several hundreds of years ago. Right now, we’ve advanced into a technological age where cryptocurrency has a big major market and its gain through time is very noticeable. We believe that the blockchain will likely revolutionize our society as much as Internet in its time.

Our Solution
According to NASDAQ, the global peer-to-peer (P2P) lending market is estimated to reach $897.85 billion by 2024. Lack of trust in financial institutions after the 2008 crisis has led millions of individuals and businesses to look out for more decentralized alternatives for money loans. Blockchain-based peer-to-peer platforms are bridging the gap between lenders interested in investing their crypto-assets, and borrowers in need for funds either for personal or business projects. By eliminating intermediaries between the parties, Volix Network is allowing for faster decisions and higher ratios of approvals, as well as free settlement of interest rates and loan terms.

4. How Does VOLIX Work?
So how does the Volix platform work in a secure and convenient way for both lenders and borrowers? Collateralization of crypto-assets in a blockchain-reliant storage of data. As opposed to traditional forms of collateral, such as real estate and automobiles, blockchain assets are divisible, mutually interchangeable and instantly transferrable.


5. Get The Wallet
Download for Windows
Download for Linux
Download for Mac OS


6. Planned Listings
We will aggressively pursue listings on CryptoBridge, CoinExchange, Cryptopia, and Masternodes Online.

More strategic listings will be announced following the launch and initial presale event.


7. Upcoming Presale
We will offer a very limited number of Masternodes at discounted rates to early investors.
Phase 1 we will offer 20 MN at 0.2 each
Phase 2 we will offer 15 MN at 0.3 each
Phase 3 we will offer 10 MN at 0.4 each
Phase 4 we will offer 5 MN at 0.5 each

Phase 1 of the presale event will begin on Oct. 15, 2018.


8. Airdrops and Bounties
Following the launch of the platform, we will be releasing multiple airdrops, contests, and bounty programs all aimed at creating broad awareness. We will run both channel specific as well as content specific campaigns.

Be sure to follow our social media and communication channels (listed below) to learn more about the various upcoming airdrops and bounty programs.

9. Project Resources

——————————————	——————————————	——————————————
Website	GitHub	Twitter
Discord	Medium	Telegram
——————————————	——————————————	——————————————

Sorry "Golfcoin Team", you are going to have to do a lot better than this. It is very true that the space is full of sham projects. So far you are responding exactly like every phony project I've ever seen. Just saying "we're a serious project" doesn't make it true. You have to show real progress and you have to do it fast.

1. Community engagement is important? Maybe you want to spend less time tweeting about Tiger's swing and more time engaging the community with how to make this a success. An actual introduction of the team is critical. Right now my assumption is that there is no new team, it's just the same old one with a new profile name. There's zero proof to the contrary.

2. More claims of positive news "soon". When is soon? A week, a month, a year, end of the twenty-first century? There's no trust because you've yet to establish trustworthiness. You must establish project deadlines, and you must hit them. Website is a mess, wallet is woefully outdated and contains minimal functionality.

3. I don't see a lot of comments about price swings, what I see are a lot fo frustrated people that you don't appear to be leading this project forward in any meaningful direction. It's more of the same. Promises and requests for patience since things 'take time'. No one is looking for empty words, we want action and leadership. Frankly it doesn't matter at all how big the industry you are chasing is if you are unable to demonstrate the ability to do the most basic elements of business.

This is complete garbage. Deals like this do not take this long. Ever.

The first " big announcement" was on May 10.
Then May 27 it was waiting on legal docs to be signed.
Then a MONTH later on June 24, a letter of intent was signed. Sure it was. And, for the uninformed, letters of Intent do not take a month to be created.
Now, more than another month later there's still no news or movement of any kind. And patience is still being preached. How about some action instead of lame half promises?