What Is Verlux (VLX)? Complete Guide & Review About Verlux

What Is Verlux (VLX)?

Verlux is a community driven decentralized Cross-Chain NFT Marketplace where users will be able to seamlessly mint, buy, sell and swap their NFTs utilizing the low gas fees and security of the Cardano Blockchain. They aim to be the global marketplace where users can trade NFTs on various blockchains fully decentralised and with the strongest security.

Users of Verlux Coin will be able to unlock the full potential of the NFT market where interoperability of NFT will become fully functional on the NFT Marketplace, where contents like music, art, ideas, etc. can be digitalized and traded.

Verlux is a decentralized Cross-Chain NFT Platform built on the Cardano Blockchain where users will be able to mint, sell and buy NFTs on the marketplace and exchange NFTs that exist on other blockchains to the Cardano Blockchain.

Important Points Table Of Verlux

How to Buy the Continental & Trade On Exchange?

VLX Price Live Data

The live Verlux price today is $0.116734 USD with a 24-hour trading volume of $138.06 USD. They update the to USD price in real-time. This is up 0.00% in the last 24 hours. The current CoinMarketCap ranking is #7505, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy Verlux at the current rate, the top cryptocurrency exchange for trading in stock is currently Bitrue. You can find others listed on the crypto exchanges page.

What makes Verlux diffrent?

Verlux Coin will be launching the first Cross-Chain NFT Marketplace in the NFT Ecosystem making it a top shot in the system already. This has not been possible till now, They will be providing this solution.

Mission

Verlux is on a mission to change the norm of the conventional Non-Fungible Token Protocols as they are creating a revolutionary technology where anyone can be able to create and trade NFTs on platform utilizing the low fees of the Cardano Blockchain. Another novel feature is the ability to cross transfer Non-Fungible tokens across different blockchains on a single platform efficiently and seamlessly.

Features

Ease of Entry

A completely user friendly environment where newbies and professionals in the crypto and NFT space will explore full funtionalites with a few clicks of buttons.

Cross-chain NFT Marketplace

Users will be able to mint and trade NFTs on different blockchains, as well as switch their NFTs between chains at the push of a button and trade NFTs in a low-fee environment.

Low Platform Fees

They eliminate the cost of high transaction fees for NFT traders by utilising token VLX based on the Cardano Blockchain.

Escrow Function

With the implementation of smart contracts, they will eliminate the cost of commissions paid to middlemen. This will also ensure of a safe and transprent transaction between sellers and buyers.

Social Interactions

A system that allows interaction between creators and buyers, picking their brains on ideas behind their works.

Staking

By staking token VLX users will be able to earn rewards in Limited Edition NFTs and collections.

What problem is Verlux Solving?

Verlux Coin is creating a solution to the interoperability of NFTs. With They users will be able to swap NFTs on other Blockchains to the Cardano Blockchain.

When is Verlux launching?

They will be working in line with our roadmap, they have an estimate to have a fully functional by end of Q1 2022. There will be a total supply of 1,000,000,000 (1 Billion) $VLX.

The Verlux “$VLX” Token and it’s Utilities. The $VLX Token is the utility token that will power the NFT Ecosystem. The token is minted on the Cardano blockchain, will be used to power transactions on the NFT Marketplace.

Purchase of NFT

Users who will wish to purchase NFT will be able to use our VLX Token to make purchase of NFTs at a discounted price.

Transaction Fees

Users can choose to pay NFT Minting fees on our platform using VLX token.

Governance

Holders of token will be made part of the decision-making process of issues that affect our Eco system. As such only holders of token will be given the ability to vote on necessary decision-making process that will affect ecosystem.

It is important to note that the amount degree of votes you can give and participation in said voting process will be dependent on the amount of token you hold.

Exclusive Benefits

Top holders of token will be given Exclusive access to special or rare and limited edition NFTs which will only be made available to the Public when Top holders have had prior access to.

Ads Slot purchase

Due to the large number of NFTs that will be on the platform, users will be able to purchase ad slots for their NFTs using $VLX Token.

Profit Sharing

Top holders will be able to benefit also on our platform by earning a fixed percentage of profits made from all the transactions carried on our platform using the VLX token.

Creator Verification and Voting

Users will be always be more likely to buy or transact from verified creators on our platform. As such creators who will wish to verify their platform will be required to stake a preset amount of VLX token before they can apply for verification.

Stakers of token will also be able to vote for the verification of the creator’s profile and verification will be carried out when the voting period ends and majority votes in approval of the verification.