Crypto Company Offers Decentralized Trading and Analytical Engine That Ranks Crypto
A digital assets ecosystem is creating a place for decentralized crypto trading, where users can benefit from secure transactions and AI-driven analytical tools.
A new digital assets ecosystem is offering decentralized crypto trading to businesses and individuals, delivering wallet-to-wallet transactions and “cutting-edge analytical tools” that enable users to make informed decisions about the cryptocurrencies they hold, buy and sell.
Volentix’s “four pillars” will underpin the beginnings of its digital assets ecosystem — one of which is VDEX, or Volentix Decentralized Exchange, its flagship product. The project describes VDEX as a “next generation, extensible and customizable decentralized crypto exchange,” with an emphasis on ensuring that the assets and data of every user remain individual and secure. A suite of other decentralized applications (DApps) are being launched to provide a comprehensive user experience.
Through this platform, funds are never deposited to a centralized entity. Instead, users remain in full control of their funds until transactions are completed. The decentralized exchange functions by facilitating wallet-to-wallet trading enabled by connecting users of the Volentix wallet, also known as Verto.
VDEX provides the ability to trade in multiple cryptocurrencies and connects multiple liquidity pools to accommodate different types of markets. This is achieved using smart contracts built on the EOSIO blockchain.
Contributors to the Volentix project say an order book decentralization system “with unique decentralized cross chain capabilities” is another factor that distinguishes the exchange from others in the marketplace today. The collaborative system works by enabling customization, by which other exchanges may plug into VDEX’s order books. Because this system is open and virtually permissionless, individuals, exchanges or businesses may make or take crypto trading orders and automatically feed them into the network for settlement. Various levels of customization and automation will make this feature even more impactful, the team notes.
Researchers with the Volentix project say they have performed extensive research, which involves ongoing testing, to find out what users need and expect from their trading platform. As a result, VDEX’s interface will be “updated regularly” to ensure it has the best user experience and is as easy to use as possible. Users will be able to adjust settings and features that reflect their requirements, whether they are beginners or seasoned cryptocurrency traders.
Three DApps are initially going to serve supporting roles, with the goal of expanding VDEX’s user base and the Volentix ecosystem as a whole.
The first is the multicurrency Verto wallet. It is described as the “gateway to all of the Volentix ecosystem.” Verto ensures that users can safely maintain custody of their private keys at all times by writing them down or saving them on an offline device. The Loopring protocol is used to facilitate trades and order matching for VDEX.
Another complement to the Volentix ecosystem is Vespucci