VOLENTIX DAE
A comprehensive digital assets ecosystem (DAE) can be created by combining a decentralized digital assets exchange with a secure multi-currency cross-blockchain peer-to-peer wallet, a user-friendly market-ratings analytical interface, and an incentives-based recruitment program.
VDEX: The flagship DApp (decentralized application) of Volentix is called VDex, 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 with a centralized exchange to perform trades, users of the VDex will always retain custody of their funds in their own virtual wallets.
Nodes are the endpoints of the VDex exchange. Their functions are: 1. Act as portals to VDex through the Verto wallet. 2. Merge order book information. 3. Settle order book. 4. Manage order cancellation. 5. Assign timeouts for the RAFT protocol. 6. Initiate contracts for orders that have been filled. Nodes earn a portion of the fee for each transaction. If a user has sufficient funds and possesses a good track record, his or her Verto wallet can act as a node.
VENUE: With
Venue, anyone can earn VTX for initiatives aligned with the Volentix distribution goals. Volentix development network members will post bounties and campaigns to Venue for work needed — for example, fixing bugs, creating content, or promoting Volentix — and anyone may claim a bounty in exchange for their efforts. Users of Venue will soon be able to compete with each other in a signature marketing campaign where a total pot of VTX tokens will be distributed to participants according to the number of forum posts which display a Volentix signature.
Volentix community members will also be able to submit, through Venue, proposals to the DAO which if approved will be funded with
VTX. The approval process entails the DAO forwarding proposals to a third party who will study them for congruence with core values and distribution goals and then the third party will return research findings to the DAO. If the findings of such research are favorable then the proposal will be put to the community for a vote.
VERTO: Verto is the multi-currency wallet that will allow access to VDex. Private keys are maintained in this wallet and are accessible only by its owner, thus preventing access from hackers who might otherwise target an exchange. 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 released.
VESPUCCI: As VDex is a decentralized exchange, new currencies can be freely listed for trading. To prevent trading of worthless, nonexistent, or even dangerous cryptocurrencies,
Vespucci protects and informs users by offering ratings and rankings of each currency. For this to be achieved, social, technological, and market data is mined, producing a comprehensive set of metrics using deep learning algorithms and artificial intelligence. These metrics are visualized as widgets that can be embedded in any site which desires transparent analysis of cryptocurrencies. The same metrics are used to rank all currencies to allow users the benefit of making more informed decisions.
VTX: VTX is the native currency of the Volentix DAO. It is a cryptographic deflationary token that entitles the bearer to all the rights of a Volentix Community member.
VTX may be staked to:
- Become a node
- Submit proposals to the DAO
- Vote on proposals submitted to the Network
- Participate in the governance of the DAO
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Become Test Node
As a part of Volentix R&D, you can rent your node to the network before the launch on the main net.
Your public key will be assigned to your node and verified with your private key. VTX distribution will be set for:
First come first serve to the 1st 21 nodes @ ~8 VTX/day TBD
Subsequent 22 to 42 nodes @ 3 VTX/day TBD
Selection criteria
Geolocation
Your machine is always on without interruptions.
You have an EOS account for your public key
10000+ VTX on the balance
Computer architecture, resources and bandwidth.
Learn how to install a vDex Node:
https://github.com/Volentix/vDexNode--------------------------------------------------------------------------------------
