HOW DOES VOLENTIX DISTRIBUTE THE DIGITAL TOKEN?
By: Share It
Tags: Cryptocurrency, Binance, Ethereum, Blockchain, Exchange

Volentix introduces its digital token with the name VTX. This digital token will be officially distributed through sales in the first quarter of 2019. Sales of these tokens are targeted to take place so that Volentix can reach a hard stamp. This sale will last for 60 days or after the hard stamp is reached. Volentix plans to distribute a large number of tokens, which is around 2.1 billion VTX, which in the initial stages will be distributed to 1.3 billion VTX. This number is quite large compared to the amount produced by other platforms. this will certainly support various functions and objectives for the allocation of funds obtained through the sale of these tokens. The first user to register on this platform will be given a bonus of 200 VTX tokens. However, users must first complete the white list approval procedure. In addition, the initial user will also get a price discount. This discount will continue to decrease in number so users must register as soon as possible to get the maximum discount. In addition, other benefits obtained by early users are that they will be prioritized in their services. This is a form of appreciation given by Volentix to early users who have been willing to join and entrust their digital assets on this platform.

In the sales process, Volentix will open it openly by providing 429 million VTX tokens ready to be traded. Volentix targets to get a profit of 48.5 million USD which is also the amount of funds they set as a hard stamp. They will strive continuously to ensure that these tokens will be sold out. The estimated prices for one VTX token are in the price range of 0.17 to 0.33 USD. This price is their initial estimate and certainly can change according to market conditions. This digital token is planned to be issued by a company called STAIDER LLC which has a special IFC (International Finance Corporation) license and is held in the State of Georgia. Volentix establishes a minimum purchase requirement of 1 BTC so that users can obtain an initial discount or equivalent to the currency received through the payment channels Volentix provides, namely through Zixipay and Blocktopus.

Like most other platforms, Volentix also specifies special distribution in the distribution of their digital tokens. A total of 2.1 billion VTX tokens will be distributed into three main categories, namely public, contributors & facilitators, and project funding. Volentix distributes its digital tokens in large numbers in the public category, which is 78%, where the allocation is divided into three parts, namely 455 million VTX for public sale, 800 million VTX for transaction verification, and 364 million VTX for public distribution. For contributors and facilitators, they are entitled to 19% of VTX tokens divided into three parts, namely 156 million VTX for contributors, 130 million VTX for facilitators working from the start of this platform, and 130 million VTX for facilitators involved in the project Volentix in the future. Tokens for this category are still frozen and can be obtained after this token has been released on an additional schedule for 4 years since the token was issued. The remainder of this token will be distributed for Volentix project funding needs with a percentage of 3% or around 65 million VTX.

Volentix uses the profits they earn for various types of allocations, including the payment of fees they incur during the project, including payment of debt and deferral. For the net income they earn, it will be divided into five groups according to their respective percentages. 35% of net income will be used to build the Volentix platform, including financing research and development and maintenance and upgrading of technology. 33% will be used for marketing, branding, promotion and recruitment purposes. 10% will be used to reserve funds if there are various bad possibilities. 10% will be used as compensation for early contributors, supporters and facilitators. While the remaining 12% will be used as costs related to legal expenses and trading portfolios.

This platform was developed in the hands of a special team that is very competent in their fields. This team consists of Prof. Yiannis Emiris (AI / ML / R & D), Alexis Anastasiou (Corporate), Sylvain Cormier (Blockchain and R & D), Rhys Parry (Operations), Marwan Ayoub (Marketing and Strategy), Joemar Taganna (R & D Engineering), Matthew Isganaitis (Marketing and Strategy), Ioanna Fotopoulou (Business Development), Nemr Hallak (R & D and Trading), Panos Sakkos (Blocktopus Engineering), Ksenia Popova (R & D Engineering), Mojgan Ahmadi (Marketing and Design), Kostas Pylarinos (Investment, R & D and Trading), Dimitra Panou (R & D and Engineering), Manolis Christoforou (R & D / ML), Maria Luisa Castronovo (HR and Finance), Jason Theodorakopoulos (Engineering), Youssef Bitar (Front-end Developer), Vyacheslav Smirnov (Python Developer).

Please do more research before you invested in the project, the link below will provide you with more information about Volentix: