[ANN] Launch of the VOLIX Network - Masternode Based Lending Platform

[velk]

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
——————————————	——————————————	——————————————

[metic]

reserved for Estonian translation!

[holydarkness]

Correct me if I'm wrong, you planned to have some token and coin on blockchain whole ecosystem as collateral, in exchange for some VOX being loaned?

[velk]

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

[velk]

Correct me if I'm wrong, you planned to have some token and coin on blockchain whole ecosystem as collateral, in exchange for some VOX being loaned?

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

[holydarkness]

Correct me if I'm wrong, you planned to have some token and coin on blockchain whole ecosystem as collateral, in exchange for some VOX being loaned?

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

And the fund they'll get for this loans will be oj VOX? Or will it be on other currency like BTC or ETH, or other major cryptocurrency?

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[holydarkness]

All the loans will be given in VOX coins that you will be able to exchange to another currencies if this is what you desire

I'll guess this is the account of one of the admin and the asnwer is official?

If that's so, wouldn't the system rather offeref a decent amount of gamble? Not like if we got them on btc or eth that's relatively stable, a new coin had a good tendency of price swing. If someone got a loan at certain low VOX price and pay back when the price swings, it'll be a great loss.

[EgyKing]

Volix networks have quick access to loans to borrowers that will be issued on VOX coins, how long does it take to access this?

[kamar25]

This is very risky, the price of a new coin is not stable and can go up and down according to the transactions that take place, this can be a loss for the project, does this project have good planning for the change?

[NeuroticR]

All the loans will be given in VOX coins that you will be able to exchange to another currencies if this is what you desire

I'll guess this is the account of one of the admin and the asnwer is official?

If that's so, wouldn't the system rather offeref a decent amount of gamble? Not like if we got them on btc or eth that's relatively stable, a new coin had a good tendency of price swing. If someone got a loan at certain low VOX price and pay back when the price swings, it'll be a great loss.

I would like the developers to clear up few things. Why would people take loan in VOX against other coins? What would be the benefit of lenders? What is the guarantee that borrower will pay back? If borrower needs to deposit other coins as safety deposit, why would they go for VOX instead of directly selling them on exchange for BTC? Even if you rule out volatility, these questions remain.

[holydarkness]

All the loans will be given in VOX coins that you will be able to exchange to another currencies if this is what you desire

I'll guess this is the account of one of the admin and the asnwer is official?

If that's so, wouldn't the system rather offeref a decent amount of gamble? Not like if we got them on btc or eth that's relatively stable, a new coin had a good tendency of price swing. If someone got a loan at certain low VOX price and pay back when the price swings, it'll be a great loss.

I would like the developers to clear up few things. Why would people take loan in VOX against other coins? What would be the benefit of lenders? What is the guarantee that borrower will pay back? If borrower needs to deposit other coins as safety deposit, why would they go for VOX instead of directly selling them on exchange for BTC? Even if you rule out volatility, these questions remain.

I don't think this is a serious project. Dev didn't reply after a critical question, the thread is rather abandoned, it can't be a good sign of profitable project. Except if the dev stepped in and start replying, I think this could be a scam

[AlexaSonda]

All the loans will be given in VOX coins that you will be able to exchange to another currencies if this is what you desire

I'll guess this is the account of one of the admin and the asnwer is official?

If that's so, wouldn't the system rather offeref a decent amount of gamble? Not like if we got them on btc or eth that's relatively stable, a new coin had a good tendency of price swing. If someone got a loan at certain low VOX price and pay back when the price swings, it'll be a great loss.

I would like the developers to clear up few things. Why would people take loan in VOX against other coins? What would be the benefit of lenders? What is the guarantee that borrower will pay back? If borrower needs to deposit other coins as safety deposit, why would they go for VOX instead of directly selling them on exchange for BTC? Even if you rule out volatility, these questions remain.

I don't think this is a serious project. Dev didn't reply after a critical question, the thread is rather abandoned, it can't be a good sign of profitable project. Except if the dev stepped in and start replying, I think this could be a scam

critically it is a must for investors to get complete information and the developer should not be afraid to continue to discuss or answer all questions. they should already understand and can provide answers to all questions. it seems like we have to be careful and start to doubt it.

[CucakRowo]

Hi there,

Do you have related connection with this project?
Coz i see some of your whitepaper copy from them (or they do the copy from your project?)
https://coinlauncher.io/checqit-ico

Thank you.

[desi_translator2018]

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here is my portfolio.....
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waiting for your confirmation..... thank you....

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