Academy by CoinMarketCap takes a deep dive into Voxel X Network (VXL), a decentralized autonomous ecosystem that uses blockchain technology to empower the gaming industry.
Voxel X Network (VXL) is a decentralized autonomous protocol, and it plans to become a one-stop hub for creators, entrepreneurs, and investors to give them the tools they need to generate money and tell their stories.
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How Does Voxel X Network (VXL) Work?
The Voxel X Network (VXL) allows projects to use crowdsourcing and raise funds to acquire high-tech consulting services to help them create and enhance their products, which they can then sell straight to customers.
The ecosystem of Voxel X Network aims to serve as a comprehensive mobile app gaming incubator, with an NFT marketplace and DEX, a proprietary NODE system, all of which will be run on high-speed blockchain technology.
To authenticate transactions on the network, the automated market maker (AMM) method that Voxel X DEX will deploy will demand liquidity. To gain rewards, the holders of VXL tokens will be required to lend their tokens to liquidity pools. Transaction fees are how liquidity providers generate money and investors can earn passive income by the interest offered by each liquidity pool based on the quantity of liquidity available and the number of transactions.
In an official interview, Tim Tanner the Director of Strategic Partnerships at Voxel X Network told CoinMarketCap:
"2022 will be a big year for Voxel X Network with the launch of its upcoming NFT SuperKluster Marketplace in Q1 2022, VoxDEX in Q2 2022, and VXL Node Network in Q4 2022, positioning Voxel X in becoming a potential GameFi & Metaverse Market Leader."
Unique Features of Voxel X Network (VXL)
Protection Through a Consistent Financial Governance Policy
To prevent early profit-taking, the creators of Voxel X devised a precise team and investor strategy. Profit-taking is allowed under Voxel X Network’s profit-taking policy, which incorporates discretionary linear vesting and a three-month to two-year time restriction on member divestment of shares after launch.
Voxel X 2.0
The Voxel X team is working on the v2.0 initiative, developing product scaling solutions and large-volume data storage capacity that is not cloud-based. A NODE network and sophisticated blockchain engines will be part of the system. Prior to its publication in 2022, a second whitepaper describing v2.0 will be released.
The NODE network will deliver a community-owned, cloud-free solution composed of thousands of community NODEs running on an automated high-speed, lightweight blockchain in the second phase of Voxel X Network.
VXL X NODEs provide high-speed connection and storage on dispersed networks, allowing for high-speed, high-volume gaming on devices like laptops, tablets, and smartphones while remaining safe within the NODE network. Voxel X owners will be able to purchase a limited NODEs edition at a premium fee.
These NODEs, when incorporated with other DEXes, can verify network transactions, lowering gas prices and energy usage while avoiding "slashing" or penalties for NODE owners.
For data processing at network speed, the Voxel X Network development team is creating Intelligent Blockchain Engines that use automatic-scaling node communities. Self-monitoring, self-healing, ransomware-proofing, game-serving, authenticating, confirming, safeguarding, and preserving ownership of all material are all features of VXL X intelligent blockchain engines.
Marketing Wallet
The marketing wallet is sealed in a 4/8 multi-sig wallet and includes 3.5% of the circulation supply (17.5 million coins). The marketing team is in charge of planning, implementing, and reporting on marketing initiatives to the community. Voxel X will provide quarterly reports on the use and placement of marketing activities on its website and social media.
Governance Protocol VXL X DEX
VXL X DEX is a decentralized launchpad where all launched projects must pass the Voxel X auditing and compliance examination, which includes the following governance:
- A business strategy to support the project's road map is required.
- Contract auditing Bot barriers Solidity coding in the latest version lead team divestiture policy private sale to long-term investors and unique sales events for the Voxel X community multi-sig marketing approval final contract audit
- Prior to debut, liquidity was controlled by a majority vote on a multi-signature wallet or moved to a dead wallet.
Safe From Dumps
To discourage whale entrance before the launch, the Voxel X team devised a pre-sale strategy that included a wallet purchase limit and incentives to encourage long-term holding.
Safeguard for Liquidity
Contract ownership was transferred from the "creator's wallet" to a 4/7 multi-signature wallet run by a third party. On the website, the Voxel X team will notify the community of any financial developments as well as any liquidity transfers to Uniswap and VXL DEX.
For additional features of Voxel X Network (VXL), click here.
Use Cases Of VXL Network
$VXL is a native token that can be used to pay for collectibles and trade cryptocurrency.
Gamers and developers can connect using network solutions. Mobile game developers can get funding and exposure for investments.
Collectibles can be bought and sold on Voxel X marketplaces by gamers. Investors can exchange them and increase holding value, by using a secure native token. In addition to this, the network also empowers investors to indulge in staking and farming with APY and APR rates.
Roadmap Of Voxel X Network (VXL)
The Voxel X team plans to deploy the ERC-20 smart contract, IDO, SuperKluster NFT marketplace, and many other updates in Q1 2022. In Q3 2022, the team plans to launch the Voxel X DEX and a gaming launchpad. The Voxel X whitepaper will also be released in this phase. In Q4 of 2022, the Voxel team will work on Blockchain NODE solutions implementation and NODE pre-sale release.
For complete details about the roadmap of Voxel X Network (VXL), click here.
Team Behind Voxel X Network (VXL)
The Voxel X Team consists of seasoned crypto enthusiasts that have worked on some of the most well-known crypto projects in the industry.
Gaming, e-commerce, marketing, design, video creation, music production, community development, coding, blockchain solutions, and IT security systems are all areas where the Voxel X team excels.
Here are the core members of the VXL team:
Tim Tanner - Director of Business Development, Strategy, and Partnerships
Skills: Legal, consulting, company development, and communication.
Responsibilities: Project management, company growth, relationship management, strategy, and succession planning are all responsibilities.
Sophie Kovalevskaya - Creative Project Lead
Skills: Finance, trading, Visual Arts, and crypto expert
Responsibilities: Brand marketing and development, planning, strategy design, and implementation, and partnership development.
Richard Naka - Director of Project Development
Skills: IT infrastructure, blockchain, high-end programming, and cybersecurity.
Responsibilities: Ecosystem architecture, strategic planning, tech integration, and tech lead.
For the complete list of VXL team members, please click here.
Voxel X Network (VXL) Tokenomics
The total token supply of VXL tokens is 500,000,000.
The VXL token is allocated as follows:
- 13% (65M) - Team allocation
- 13% (65M) - Merger with $DOGG
- 3.5% (17.5M) - Multi-signature marketing wallet (*see below)
- 6% (30M) - Presale 1: Extended team
- 4% (20M) - Presale 2: Community
- 2% (10M) - Presale 3: Influencers
- 2% (10M) - Presale 4: Early investors
- 18% (90M) - TBA major exchange
- 3% - (15M) to Uniswap
- 0% - Taxes
The DOGG Token primary wallet and liquidity obtained via presale purchases from project contributors, community, and long-term investors hold the Voxel X Token base liquidity.
Over three months, team wallets will be voluntarily locked, with restricted divestment for the next two years. Once Voxel X is listed on the first major DEXes, liquidity from early investors will directly support post-launch and institutional purchases. This distribution is designed to help you get off to a strong start and maintain a steady development path.
Voxel X Network (VXL) Price
Voxel X Network (VXL) is now trading around $0.1133 as of Jan. 27, 2022. Its 24-hour trading volume on exchanges is around $326,146.87.
Voxel X Network (VXL) Price Prediction and Future Outlook
The upcoming AMA of Voxel X with one of the biggest memecoins (by market capitalization) Shiba Inu is proof enough that the project is heading in the right direction. The AMA will be a discussion between the Shiba Swap and Voxel X team and 10 Shiboshi NFTs will be given to random winners.
The crypto market was in a frenzy in late 2021 as Bitcoin touched $69,000 and there were calls of it reaching $100,000 easily. This, however, didn’t happen as it fell and is now trading in the 30k zone. The entire crypto market went down with the king except for a few tokens, one of which was VXL. As the chart shows, the price of VXL has remained in a certain stable zone since it was launched in December 2021.
The price stability is good news for VXL investors who have put their trust in this decentralized autonomous protocol.
The current price of Voxel X Network (VXL) is $0.113, which is around 30% less than its all-time high of $0.163. Since the launch of the VXL token in December 2021, it has appreciated by over 130% at price with its all-time documented at $0.163224. Many believe that the VXL token is well on its way to $1, however, it is the crypto volatility that makes it difficult to determine the exact time of when it will happen.
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