WHAT IS Velox ?
The Velox Project is a drive toward reviving anonymity and decentralization in the cryptocurrency market. Velox is a PoS cryptocurrency based on the Scrypt algorithm that will empower the Velox project. The Velox project has two major services, VeloxBolt, a completely offshore and anonymous exchange, and BoltSwap, an interface that allows users to download an open-source wallet with a built-in "swap" feature which gives users the possibility to swap crypto currencies with each other.
THE PROBLEM
In the growingly regulated crypto currency sphere, the core values and beliefs of decentralization and anonymity are slowly being phased out by existing and new centralized & governed projects involving crypto currency, such as exchanges.
THE SOLUTION
The Velox Project aims to release utilities and tools to uphold the core values of anonymity & decentralization in the growing crypto currency market.
Velox Exchange Advantages
Serves a new project – the main idea behind Velox is creating a new trading environment for cryptocurrencies, which will be reminiscent of the one in the past by providing total anonymity. While there are quite a few coins focused on privacy, with Monero (XMR) probably being the most famous one, this is a totally different approach. Velox aims to become a decentralized exchange, connecting multiple cryptocurrencies and allowing all trading to be done without any KYC required. The current iteration of the Velox Exchange is only a temporary solution for the distribution of their tokens VLX.
Competitive trading fees – when compared to some of the industry veterans, this exchange scores highly, when it comes to the costs of trading. They are currently 0.20% for both market makers and takers, which is pretty much the average across the board.
Developers have been active in the forums – the team behind Velox Exchange has been responding to questions in online forums quite frequently. This is indicative of serious commitment to the project.
Positive user reviews – there may not be that many comments regarding this endeavour, but most of them are very positive and encouraging.
VELOX COIN
VeloxCoin is a Proof-of-Work/Proof-of-Stake (POW/POS) hybrid which comprises the digital aspect of the Velox Project. Each quarter, a percentage of profit accumulated from revenue generated by the utilities and services offered by the Velox Project, will be used towards VeloxCoin [VLX] “buy-¬backs”, performed on-exchange by the team, this will reduce the overall circulating supply of VeloxCoin [VLX] in the market and strengthen the VeloxCoin [VLX] community as well as the marketplace overall. VeloxCoin [VLX] is the only aspect of the Velox Project externally tradable, the rest of the Velox Project utilities and services will reside exclusively on the VeloxCoin [VLX] platform. All other Velox-associated currencies are not (such as the Velox Utility Currency) do not have any value outside of its designated platform.
COIN NAME : VELOX
COIN ABBR : VLX
MAX SUPPLY : 124,000,000
PRICE : 1VLX = $ 1.00
COIN TYPE : POW/POS
AVAILABILITY : Worldwide
Conclusion
Velox Exchange is a temporary solution by the Velox project to support trading of their relatively young token. The team will later launch a much more sophisticated, decentralized and anonymous exchange. Is it worth bothering with the current version of Velox? If you want to get in on the token, obviously yes.
If instead you are looking for a safe way of trading the established major coins, take a look at the offers which some forex brokers provide. That being said, we would advise you to look for well-regulated ones, as this industry is also full of scammers.
For more information, please visit the link below:
Author: anisah fitri
Website : https://veloxproject.io/
exchange : https://vlxexchange.com/
Facebook : https://www.facebook.com/Velox-The-Decentralized-High-Frequency-Trading-CryptoCurrency-531011417245354/
Twitter : http://twitter.com/velox_coin
Telegram: https://t.me/veloxproject
Ann Thread : https://bitcointalk.org/index.php?topic=2431660.0
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1870804
