Decentralization is a major component of the blockchain that helps drive adoption. Decentralizatoon as many of us know is the transfer of authority from a central unit to individuals or a communities. On the blockchain we can see the power of decentralization in storage of data as well as transaction processing but the more the technology has given room for decentralization, the more a group of people stylishly covers it back to centralization and the whole process looks like pouring water into basket.

Volentix Ecosystem

Volentix is an ecosystem built on Eos.io that seeks to make decentralization more practical and realizable for blockchain users This ecosystem has four strong pillars with which it uses to make this achievable and they are:

1. VDEX:

Vdex is the decentralized exchange of the volatix eco system that allows peer-to-peer transactions by assembling a portfolio of decentralized applications built on EOS.IO smart contracts. This platform would also be able to integrate users personal VERGO wallet and VESPUCCI interface so as to give them an all in one user experience

2. VERTO:

Vero is a multi-currency and cross-chain wallet built to be used with the Vdex decentralized exchange. This wallet allows users store their assets, check their balances and also interact well with other projects in the volentix Ecosystem. Verto will work with a system of smart contracts to maintain the state between two trading clients, the simplest operations being accomplished with atomic swaps(the exchange of one currency for another without using centralized intermediaries)

3. VESPUCCI

Vespucci is an analytical engine that ranks and rates cryptocurrency project to keep users better informed about their investments and help them choose better from a range of competitive products. This system provides transparency in its ranking system, free from external influence. Vespucci will achieve this by aggregating the information currently scattered throughout many different blockchains, websites, chat rooms, and exchanges. Users will also be empowered with tools to graph and compare tradeable cryptocurrency assets.

4. VENUE:

Venue is the dynamic community platform on the volentix Ecosystem that recruits and trains members into community building for blockchain projects via engaging tasks like bug fixing and bounties challenge.
Venue reward users in VXT and leaderboards and matrix would be used to measure members performance.

Tokenomics

VTX: VTX is the native token to be used in the volentix Ecosystem.

• It will serve as the digital asset to be issued and used on Vdex decentralized exchange,

• It would be used to reward participants in the consensus process and in Venue campaigns.

• It would be used to pay and redistribute transaction fees on the VDex exchange.

• It would be used to submit and vote on proposals to the Volentix ecosystem, using the voting rights allocated to VTX holders.

• It would be used to stake support for reviewing proposals and implementing projects.

• It would be used to incentivize users to participate in order book settlement by becoming nodes via their Verto wallets.

• To incentivize users to lock funds in for >24 hours by HTLC time-bound transactions.

VTX token allocation

Contributors

An array of individuals, akin to founders, who contribute insights, time and talent, though often work without early compensation would be allocated 12%

Supporters.

Phase 1. 5%. Early passive seed funders.

Phase 2. 28%. Funders via qualified private pre-sales and possible public sale.

Facilitators.

(Advisors, Developers, Promoters, Custodians).

Phase 1. 10%.

Phase 2. 10%.

Decentralized treasury. 35%

Community members incentivized and rewarded for participation in progressive development of a decentralized autonomous organization (DAO). A decentralized treasury is anticipated to be administered by smart contracts and community consensus.

More information about the project can be found at
Website: www.volentix.io
Twitter : https://twitter.com/Volentix?s=09
Facebook: https://www.facebook.com/Volentix/

Bounty0x username : vheobong