Velox Project - Decentralization

Category ICO
Coin Owner Velox
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Country United Kingdom GB
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Velox Token is an ERC-20 compliant token that has been created as a share structured currency for the upcoming VeloxBolt decentralized & anonymous exchange and trading platform. VLX can be minted, transacted and traded to serve the purpose as a share-based token for the VeloxBolt decentralized exchange platform. Holders of VLX are awarded with 13% minting APR until the platform release, after which holders will be instead rewarded with VLX buy-backs each quarter from the VeloxBolt platform & vNovum wallet profit. VeloxCoin originally launched using Proof-of-Work during the first 10,000 blocks, after which it converted to a completely Proof-of-Stake algorithm up until September 2018. As of this date, VeloxCoin [VLX] successfully swapped to Velox Token, an ERC-20 compliant token & smart contract, in preparation of the VeloxBolt release.Until VeloxBolt is officially released to the public, exchanges will list VLX against BTC and Ethereum. This will be no more than a temporary solution where users can trade VLX in liquid markets until the establishment of vBolt. More information about exchanges and the Velox Token can be found in our updated project whitepaper as of October 2018.



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