Volentix Introduces a Digital Assets Ecosystem (VDAE)

By Mallika jain

VOLENTIX is building a comprehensive digital assets ecosystem comprising four core applications integrated into one easy-to-use downloadable interface.

The guiding philosophy of VOLENTIX is decentralization paired with transparency. The commitment is to promulgating open-source code with full functionality for making proposals within a robust community governance structure preparing for artificial intelligence operability within the evolving Internet of Things. VOLENTIX is dedicated to developing a digital assets ecosystem premised on empowerment and independence while nonetheless respecting legal compliance.

In building the VOLENTIX Digital Assets Ecosystem (VDAE), Volentix introduces four digital assets applications named VENUE, VERTO, VESPUCCI, and VDEX, respectively an incentives-based recruitment platform, a peer-to-peer wallet, a market data interface, and a decentralized exchange, all of which the enterprise plans to integrate into one easy-to-use downloadable interface.

VENUE is a dynamic community platform that recruits and aligns members of the VOLENTIX community to support distribution of the native VOLENTIX digital asset known as VTX. VERTO is being built as a multi-currency wallet to facilitate personal custody and local management of private and public keys for use in peer-to-peer transactions, with the goal of eliminating risks of devastating losses of stake associated with traumatic failures of central operators. VESPUCCI is in development as an analytics engine accessible via a user-friendly interface with treasure troves of real-time and historical market data, including digital assets ratings and sentiment analyses. VDEX is envisioned as a distributed, decentralized digital assets exchange with emphasis on user experience, security, speed, authentication, ease of use, scalability, multi-asset support, and community development and governance implemented by a decentralized autonomous organization (DAO) constructed on custom-built applications using EOS.IO smart contracts and related technology.

The four core Volentix applications are based on conceptual formulae enunciated in the article “Creating a Comprehensive Digital Assets Ecosystem (DAE)” published on Medium by Dane Keller Rutledge, an attorney and scientist in New York City.

Volentix attracted early seed capital in seven figures and formed strategic relationships with Pythagoras Systems in Athens, Greece and Volentix Labs in Montreal, Canada. Many digital asset startups prefer to spend a huge percentage of their budgets on marketing. In contrast, Volentix spends the majority of private financial support on development of technical infrastructure. The core applications VERTO, VENUE, and VESPUCCI are already being tested as minimum viable products.

Version 1.3 of the VOLENTIX white paper for the planned decentralized exchange VDEX indicates VOLENTIX expects to issue 2.1 billion of the native digital asset VTX with a circulating supply of 1.3 billion. Notably, 800 million VTX are being reserved for future use in paying for verification of transactions.

The official VOLENTIX website is located at www.volentix.io

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